Author: NBTC

Recent global IT disruptions, affecting over 8.5 million Windows devices, have spotlighted the need for decentralized storage solutions. The crisis, linked to ongoing issues between Microsoft and CrowdStrike, highlights vulnerabilities in centralized systems, pushing businesses and individuals to explore more secure alternatives. As traditional cloud services face setbacks, decentralized platforms like Siacoin (SC) are increasingly becoming a go-to choice for robust data storage. The latest IT outage underscores the inherent flaws in centralized storage options, such as data manipulation and security breaches. Decentralized storage platforms address these issues by distributing data across a network of independent nodes rather than relying…

Lumerin, a protocol on the Arbitrum blockchain, announced that its new Morpheus project for decentralized AI computing will go live Friday on a public test network. The premise of the technology is to avoid pitfalls of centralized AI models, which might be prone to censorship or monopoly control, according to a press release shared exclusively with CoinDesk on Thursday. The project relies on “personal AIs,” referred to as “smart agents,” which could be paid for using cryptocurrencies, according to the release. It is being deployed on Arbitrum’s Sepolia test network. “The new Morpheus public testnet will be used to decentralize…

Jason Lowery, the author of “SoftWar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin,” revealed at the start of June that members of Donald Trump’s campaign administration have contacted him regarding his expertise on Bitcoin. “I can confirm that I have been reached out to by folks from Trump’s campaign administration about you-know-what. I told them I’m ready and willing to move to DC if called upon.” In his communications, Lowery stressed the importance of Bitcoin for national security and its strategic significance for the US military, particularly in defending and securing cyberspace. He suggested…

Securities and Exchange Commission (SEC) chair Gary Gensler suggested that spot ETH ETFs will likely receive approval over the course of the summer. Then, the Chicago Board Options Exchange (CBOE) confirmed that five spot Ethereum ETFs will go live on July 23. The stock exchange has updated its platform to include new listings from Fidelity, Invesco Galaxy, Franklin Templeton, VanEck, and 21Shares. Moreover, there is a competition of fees where BlackRock introduced a starting fee of 0.12% for its iShares Ethereum Trust with a later fee of 0.25% making Franklin Templeton’s Franklin Ethereum Exchange-traded Fund (EZET) the cheapest pegged at…

Palau has partnered with RNS.ID to launch a digital residency program on the Solana blockchain, allowing individuals to extend their visas and access restricted crypto exchanges. The program has implemented a thorough vetting process for applicants, including anti-money laundering checks and identity verification, to maintain its integrity. Despite some concerns, the initiative has seen a surge in applications, with over 7,338 digital residencies issued as of mid-June, generating substantial revenue. The Pacific island nation of Palau has partnered with RNS.ID to develop a digital residency program on the Solana blockchain, signaling an important milestone in the digital identity ecosystem. https://t.co/DfAGzubb56…

That release yesterday on Lightning Network is a news that potentially can change the future of Bitcoin. The Bitcoin blockchain does not natively support complex smart contracts, and it has some strong limitations regarding the supported throughput (TPS). In order to evolve, Bitcoin needs to leverage layer-2 solutions, just as Ethereum is also partially doing, and Lightning Network (LN) is by far the main second layer of Bitcoin. The latest news on the Bitcoin Lightning Network The previous The latest big news at Lightspark: a more inclusive financial system thanks to Bitcoin Lightning Network The other developments The latest news…

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, experienced a notable price surge Tuesday hours ahead of spot Ethereum exchange-traded funds (ETFs) officially beginning to trade in the U.S.. Trading for Grayscale’s Grayscale Ethereum Trust (ETHE) and its new Grayscale Ethereum Mini Trust (ETH) has already begun on the NYSE Arca, which opened at 4 a.m. Eastern Time. But trading for other spot Ethereum ETFs, like BlackRock’s iShares Ethereum Trust (ETHA), will begin when the Nasdaq opens at 9:30 a.m. ET. The price of ETH jumped from $3,450 to $3,541 over the course of an hour during European trading hours,…

According to on-chain data, Uniswap has experienced an unusual rise in whale transactions, with activity jumping by 1,298%. This rapid increase seems unexpected, triggering speculation. Per IntoTheBlock data, Uniswap is seeing a 1,298% surge in large transaction volume, which is indicative of whale activity. Large Transactions Volume provides an idea of the total amount transacted by whales and institutional players on a particular day. Spikes in Large Transactions Volume indicates high activity among large holders, either buying or selling. In the last 24 hours, Uniswap reported $42.71 million in large transaction volume or 546 million UNI, representing a 1,298.68% surge.…

MicroBT, a leading innovator in the Bitcoin mining industry, unveiled its latest WhatsMiner M6XS+ series during the Bitcoin 2024 conference in Nashville, TN. The new series, featuring air-cooling, hydro-cooling, and immersion-cooling models, represents a leap forward in renewable mining technology. Dr. Zuoxing Yang, founder and CEO of MicroBT, highlighted these advancements in his keynote address, emphasizing the company’s commitment to sustainable and efficient mining practices. Renewable mining, according to Dr. Yang, is the future of the industry, with solar mining poised to be at the forefront. He predicted that by 2026, the electricity cost for solar power mining could drop…

Leading gaming blockchain Oasys has announced the beta launch of Oasys Spring. It is a new tool designed to make developing decentralized applications (dApps) easier within its ecosystem. This tool uses a graphical user interface (GUI). This tool aims to create a more accessible and developer-friendly environment with the help of AI scanning. Oasys Unveils Oasys Spring to Speed Up Game Development Ryo Manzoku, Tech Director at Oasys believes that the ‘Oasys Spring’ will assist the game developers in executing their ideas at a faster pace. This tool demonstrates that they are dedicated to ensuring that Oasys is an easily…