Author: NBTC

As the Ethereum community celebrates the network’s ninth birthday, developers are navigating the complexities of testing and implementing core features of its next major upgrade, Pectra. Recent iterations of the developer networks (devnets) have highlighted testing challenges that are slowing the pace of progress, according to developers on the bi-weekly All Core Devs call, Thursday. Last week, the launch of Devnet-1 ran into problems due to an issue with EIP-7702, leading to multiple forks and making it hard to spot bugs. To fix this, developers quickly rolled out Devnet-2, leaving out EIP-7702 and concentrating on other Ethereum Improvement Proposals (EIPs).…

As more and more projects take the step towards tokenization, the HBAR Foundation announced that Fresch Supply Co. (FSC), previously the largest user of the now-defunct private Mastercard Provenance blockchain, has now fully transitioned to the Hedera blockchain for real-world asset (RWA) tokenization in the agri-food supply chain. Hedera’s high scalability makes it an ideal platform for this industry. The agri-food value chain, covering the entire process from production and processing to distribution of agricultural products, has traditionally been completely complex and opaque. This opacity limits financiers’ ability to rely on balance sheets as well as income statements when assessing…

Bitcoin mining difficulty continues to increase, reaching an all-time high in early August as crypto markets crashed. In the aftermath, the profitability of miners continues to suffer as BTC mining machines fall below their break-even point. Bitcoin Miners Capitulate as Mining Difficulty Soars Head of Research at Galaxy Alex Thorn recently highlighted the 24th biggest increase in Bitcoin mining difficulty since 2016. According to f2pool, at Bitcoin’s current price of $52,982, BTC mining difficulty is at a 90.67 hashrate. “Today, Bitcoin has dropped to as low as $52,300. According to f2pool, when Bitcoin dropped to $52,000, only Antminer S21 Hyd…

As the political scene in the United States evolves, cryptocurrencies, especially regarding regulation, have become key talking points in the presidential campaign. In recent years, cryptocurrency’s growing relevance in politics has underscored the sector’s significance in the general financial world. Notably, ahead of the U.S. November 5 election, former President Donald Trump has expressed his desire to support Bitcoin (BTC) if reelected. For instance, Trump announced support for Bitcoin mining, noting that the sector could serve as the “last defense” against central bank digital currencies (CBDCs), which he opposes. On the other hand, President Joe Biden has reportedly engaged with…

Ethereum price wobbled towards the $3,100 level on August 1 2024, as markets reacted negatively to the US Fed rate pause, here’s how ETH price could react in the coming weeks. Fed Rate Pause Reactions Send ETH Price Spiralling to $3,100 On July 31, The US Federal Reserve unanimously elected to hold the monetary policy interest rate unchanged at a range between 5.25% and 5.5%. This triggered a negative reaction across risk assets markets, including stocks and cryptocurrencies, on Thursday. Following the announcement ETH surrendered gains booked during the market euphoria triggered by ETFs launch euphoria and Donald Trump comments…

The Zcash crypto community has approved a proposal to allocate 20% of block rewards to a new decentralized grant system in order to improve development initiatives throughout the ecosystem. This decision followed a survey conducted among the Zcash Community Advisory Panel, which focused on the future of the Zcash Development Fund, which expires in November. According to an announcement on the Zcash Foundation blog on Monday, the approved “Lockbox for Decentralized Grants Allocation” proposal received 14% of the “strongly approve” votes and 34% of the “approve” votes, securing a cumulative approval of 63%. The proposal directs 20% of Zcash block…

Bitcoin, the world’s leading cryptocurrency, has stalled in price performance, falling short of the broader ecosystem’s expectations following the halving event. Although the Bitcoin halving was not a guarantee of a price surge, the digital asset is yet to soar and break certain critical price levels or hit the $73,000 peak it attained before the halving in March 2024. Saylor’s cryptic post and continued advocacy Despite this seeming poor performance, Bitcoin advocate and MicroStrategy cofounder Michael Saylor, in a cryptic post on X, is urging investors to have faith in the asset and to buy BTC. Per the post, it…

A “smart money” bought 4,000 Ethereum (ETH) tokens worth $12.58 million on Friday. The transaction drew attention, not only due to the prevailing market conditions but also because of the trader’s track record of successful purchases. Retail investors and smaller traders often look to smart money investors for cues on market direction and potential investment opportunities. Ethereum Whale Buys 4,000 ETH Lookonchain highlighted that this “smart money” investor has a 100% success rate, having bought and sold ETH seven times between November 21, 2022, and May 23, 2024. In each instance, they bought at low and sold at high prices,…

In recent months, the cryptocurrency market in the SEA region has grown drastically. Statista has confirmed the growth of the cryptocurrency market in this region by reporting that the cryptocurrency market in Asia will reach a profit of US$1,787 M by the end of 2024. Additionally, the number of users is expected to amount to 106.20 Mln users by 2028. User penetration will be 12.80% in 2024 and is expected to hit 14.86% by 2028. BTG Could Lead the Crypto Market in Asia Bitcoin Gold has been considered one of the main cryptocurrencies providing mining alternatives to BTC in Asia.…

Countless lives were changed on October 7th, 2023, and Yusef Mahmoud’s was no different. Even before the war, the Palestinian taxi driver couldn’t stand being a passive observer of unemployment and hunger, both prevalent in Gaza’s everyday life. In 2022 and early 2023, more than two million Gazans lacked access to clean water and an appropriate sewage system, while two-thirds of the population lived in poverty. Against this backdrop, Yusef turned online for help. It was Ramadan of 2023 and he wondered if other Muslims across the globe would contribute with bitcoin, the first decentralized cryptocurrency, that he could use…