Author: NBTC

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. When Vitalik Buterin, co-founder of Ethereum (ETH), announced the completion of the long-awaited Merge in September 2022, efficiency was the name of the game for blockchain innovation. In recent years, scalability has overtaken efficiency as the most pressing issue among the ‘big five’ challenges currently facing web3. You might also like: Ethereum’s lowered yield might signal a paradigmatic shift in the ecosystem | Opinion Prominent layer-1 chains are now giving way to a wave of emerging layer-2…

Two of Bitcoin’s pre-eminent thought leaders are at odds with each other as to whether banks can – or should – provide sustainable yield on their customers’ BTC deposits. Michael Saylor – executive chairman of MicroStrategy, the world’s largest corporate Bitcoin owner – said in a recent podcast appearance that Bitcoin could become a form of “perfected capital” that also generates a return for its holders through digital banking services. By contrast, Saifedean Ammous – author of the famous Bitcoin tome “The Bitcoin Standard” – countered that sustainable yield isn’t possible with a fixed supply asset like BTC. Can Bitcoin…

General Updates Rise In hosted its 24 hour Neo X Grind satellite hackathon event in Gurugram, India. Over 170 attendees and 40 teams competed for a US $10,000 prize pool. Rise In is a Web3 coding bootcamp platform that offers intensive learning programs, mentorship, and networking opportunities to budding developers. The Graph developer relations representative Marcus Rein delivered a presentation on building custom subgraphs, querying Web3 data, and optimizing indexing on Neo X for the Grind Hackathon. The discussion focused on setting up APIs and creating and disseminating subgraphs. Flamingo announced the forthcoming relaunch of the Poly Network bridge and…

LayerZero (ZRO), a leading altcoin, recently revealed that its cross-chain interoperability protocol is now functional on the Unichain testnet. This move, announced on October 11, allows developers and applications associated with more than 90 blockchains to engage with the Unichain ecosystem. Contents hide 1 Why Is LayerZero’s Integration Significant? 2 How Does Unichain Support Decentralized Finance? Why Is LayerZero’s Integration Significant? The debut of LayerZero on Unichain opens up a wealth of opportunities for developers across multiple blockchains. This integration enables them to experiment with their existing projects on Unichain while capitalizing on its unique features to create cross-chain solutions.…

Bitcoin (BTC) experienced heavy volatility on Sept. 19 following the Fed’s FOMC meeting but maintained its position above the $60,000 threshold. Fed chair Jerome Powell confirmed weeks of speculation by announcing a 50 basis point rate cut after four years of restrictive monetary policy. According to the press release: “The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance.” The policy shift comes after a prolonged period of rate hikes by the Fed, which raised interest rates to combat inflation…

While the crypto markets are losing all of the gains triggered by a weekend optimism spike, some large meme cryptocurrencies are outperforming all competitors. By contrast, two meme coin behemoths, SHIB and DOGE, are in the red today, together with other large caps. BONK, WIF, POPCAT: Meme coins in top gainers today Today, Sept. 30, 2024, amid the five best performing cryptocurrencies, two represent the meme coin segment. Dog-coins Bonk (BONK) and Dogwifhat (WIF) added 7.1% each in the last 24 hours. Dogwifhat (WIF), one of Solana’s most unusual meme coins, punished bears: over $2.17 million in liquidations were registered…

UTONIC, the pioneering restaking platform built on The Open Network (TON), has announced a strategic partnership with Cobo. Cobo is a leading provider of digital asset custody and wallet infrastructure. This collaboration is set to significantly bolster security for UTONIC’s liquid staking and restaking services by leveraging Cobo’s state-of-the-art security solutions. Cobo announced this collaboration today via a tweet on social media platform X (formerly known as Twitter). 🔥Thrilled to partner with @UTONIC_uTON!Through this collaboration, #UTONIC will leverage Cobo’s cutting-edge custody and wallet infrastructure to safeguard liquid staking assets. Say goodbye to single points of failure and hello to robust…

About $179 million worth of Bitcoin futures could be forced to be liquidated in case the BTC value drops to $61,498. Such trading uses borrowed funds to increase profits by a specified multiple, and it increases the market’s fluctuations leading to a chain of forced sales on various platforms. The prospect of a liquidation event may cause the stock price to decrease or for a value investor to find an attractive investment opportunity. Currently, the Bitcoin futures market is set to undergo a massive liquidation. This is where $179.70 million worth of Bitcoin will be wiped out if Bitcoin’s price…

After teasing the launch of the Magic Eden token ME in August, the Magic Eden Foundation has provided the latest update on when the airdrop will happen. The Magic Eden Foundation has not released a launch date for the ME token. However, in its update on Sept. 30, it noted that a claim simulation will take place in October. The token claim will be available via the Magic Eden Wallet. ME token simulation in October Anticipation for ME, as with other major recent platform token airdrops, is massive. To prepare the community, Magic Eden plans to simulate the token claim…

Fighting organization Karate Combat is set to launch a Hedera layer-2 network called UP in Q1 2025. This will enable the league to license its “Up Only Gaming” tech stack that powers its app to other sports, leagues, and projects—maybe even meme coins. Karate Combat, which counts MMA legends Bas Rutten and Georges St-Pierre as ambassadors, has grown in popularity in recent years thanks, in part, to its push into crypto and its token-hungry user base. Karate Combat’s mobile and web app allows users to wager KARATE tokens on upcoming fights. Bet correctly and you win KARATE tokens; bet incorrectly,…