Author: NBTC

Because based rollups change Ethereum’s incentive structure, they could significantly increase demand for ETH and change the way the platform is monetized. These rollups give new revenue streams and boost staking value by integrating directly with Ethereum validators. On the Ethereum network, validators currently receive a yield of about 3%. However, validators could earn a lot more money once based rollups are implemented. On top of the money they already make from network inflation, validators who choose to process and validate rollups will receive extra rewards. This could lead to yields that are significantly higher than 3% estimates, indicating that…

Phoenix, a well-known crypto analytics firm, has recently shared the list of top Cosmos-based projects in terms of the cumulative value of staked coins. The list of Phoenix takes into account several names including $TIA, $SEI, $INJ, $ATOM, $SAGA, $DYM, $CRO, $AXL, $FET, and $ZETA. The analytics firm disclosed the details of the respective projects on its official social media account. TOP #COSMOS PROJECTS BY TOTAL VALUE OF STAKED TOKENS$TIA $SEI $INJ $ATOM $SAGA $DYM $CRO $AXL $FET $ZETA $AKT $DYDX $OSMO $LUNA $BAND pic.twitter.com/3CNjKWGSm9 — PHOENIX – Crypto News & Analytics (@pnxgrp) August 24, 2024 $TIA Leads the Cosmos…

Montenegro’s prime minister lied to the country’s president when he reportedly told him that he didn’t know who Do Kwon was on the day of his arrest, despite striking up a deal for 750,000 Terra/Luna tokens and allegedly meeting Do Kwon several times. That’s according to the president of Montenegro, Jakov Milatović, who reportedly asked prime minister Milojko Spajić if he knew who Do Kwon was during a Europe Now! (PES) political party meeting on the day of Do’s arrest. Translated from Montenegrin, the president said on Aplus television, “I asked him if he knew Do Kwon. He told me…

According to data provided by cryptocurrency analytics platform Lookonchain, a miner waller has been activated for the first time in 11 years in order to transfer $13.95 million worth of Bitcoin. The miner earned 250 BTC from mining all the way back in 2010. Back then, it was possible for users to mine Bitcoin with ordinary CPUs. In fact, mining was the primary way of obtaining the cryptocurrency. Bitcoin Market, the very Bitcoin cryptocurrency exchange, was launched only in February 2010. The first Bitcoin block was mined with the help of a GPU back in July 2010. Mining was as…

Vitalik Buterin’s wallet sold 190 ETH for $441,971, raising community speculation. Buterin’s wallet received 3,800 ETH since August 30, valued at $9.8 million. Ethereum faces resistance at $2,400; breaking it could push toward the $2,550 zone. In a recent move that has caught the attention of the crypto community, a wallet associated with Ethereum’s founder, Vitalik Buterin, has sold 190 ETH for approximately $441,971 in USDC. This transaction, completed just 20 minutes ago, highlights ongoing activity in Buterin’s crypto holdings and could have implications for Ethereum’s market dynamics. Wallet Linked To Vitalik Moves 190 ETH According to Lookonchain, a well-known…

In a bold move, Simon’s CAT, a prominent Memecoin, locks $CAT and $BNB tokens worth $15 million through Flocki’s crypto locker protocol. Out of 9T $CAT’s supply, a significant portion of $CAT has been locked sparking different speculation in the crypto market. Floki shared this groundbreaking news through the X account. Simon’s Cat has locked over $15 MILLION worth of $CAT LP tokens using #Floki’s mainstream crypto locker protocol, #FlokiFi Locker!Specifically, @SimonsCatMeme has locked a combined $15 million worth of $CAT and $BNB tokens on the #BNB Chain for 69 billion years and 420 million… https://t.co/fQ1ObbQyHb pic.twitter.com/8glczWVTa0 — FLOKI (@RealFlokiInu)…

“There’s no doubt the Republicans have taken a very pro crypto stance,” MicroStrategy Executive Chairman Michael Saylor said Monday. Appearing on CNBC, Saylor reiterated his outlook that one bitcoin will be worth $13 million over the next two decades. Republicans are way ahead of Democrats regarding their opinion of crypto and bitcoin (BTC), said MicroStrategy (MSTR) Executive Chairman Michael Saylor. “There’s no doubt the Republicans have taken a very pro crypto stance […] Trump in particular.” Saylor said in a CNBC appearance on Monday when asked about the impact of the presidential election on the industry. “At this point the…

Bitcoin mining was notably less profitable in August than July, the report said. Jefferies said September could be another difficult month for the miners as bitcoin remains below $60K and the network hashrate continues to advance. Mining economics may be moving in the wrong direction but operational efficiency is improving, the bank said. Bitcoin (BTC) mining was much less profitable in August than July as the average bitcoin price fell over 4% and the average network hashrate rose about 2.7%, investment bank Jefferies said in a research report on Wednesday. Miner’s average daily revenue per exahash fell by 11.8% from…

Ethereum’s price drops 1.32%, trading at $2,337.21 amidst significant market activity. Ethereum ETFs see $11.44M inflow after five days of net outflows. Ethereum is trading at $2,329, according to CMC data, reflecting a slight decrease of 1.32% over the last 24 hours. Ethereum, the second-largest cryptocurrency by market capitalization, has faced notable pressure amid broader market corrections. With Ethereum’s network still being the backbone of decentralized finance (DeFi) and NFTs, price fluctuations continue to impact its position in the market. Despite this, the Ethereum network’s fundamental use case keeps its long-term outlook resilient. A notable whale activity was recorded recently…

The Chang hard fork is a pivotal upgrade for Cardano, representing a major step toward realizing the network’s vision of complete decentralization and community-driven governance. This upgrade marks the beginning of the Voltaire era, a phase that will empower ADA holders with the ability to directly participate in the decision-making processes that shape the future of the network. At the core of the Chang hard fork is the introduction of on-chain governance mechanisms. These mechanisms allow ADA holders to vote on proposals, elect Delegate Representatives (DReps), and influence protocol changes. This shift from a centralized governance model, where decisions were…