Author: NBTC

Polygon Labs, a major developer of Ethereum layer-2 networks, shared Tuesday it is unveiling a new type of computer chip that’s optimized for zero-knowledge cryptography processing, built by hardware maker Fabric specifically for Polygon’s interoperability solution, AggLayer. The news comes as Fabric announced last month a $33 million series A round, which Polygon Labs participated in, to create “verifiable processing units,” or VPUs, a custom chip designed for cryptography and blockchains. The ZK team at Polygon has been working with Fabric to create VPUs for its prover libraries, Plonky2 and Plonky3. Provers are a key component of blockchain systems built…

Bitcoin price dynamics have been closely watched as it hovers around the $57,000 mark. Despite this, numerous holders remain at a loss, while long-dormant wallets have shown activity and analysts predict potential dips based on emerging patterns. So what’s next for Bitcoin price, will it surge or drop? By TradingView – BTC Price Performance (24h) Bitcoin Price Nears $57k Amidst Mixed Holder Sentiments Bitcoin price has seen a quick recovery to the $57,000 level, shaking off the broader market fear. As of the latest update, Bitcoin trades at $57,495, with its market cap surpassing $1.1 trillion and a daily trading…

With crypto continuing to remain a front-and-center issue in U.S. political circles, including the nomination of a pro-crypto challenger to Senator Elizabeth Warren, it should come as no surprise that policymakers are wading more directly into the sector. Specifically, former President (and current candidate) Donald Trump has been making public and forceful forays to the crypto sector, seemingly a reflection of the massive spending that the crypto industry has invested into current races. The latest example of this is the coming launch of World Liberty Financial, a crypto project founded, supported, and endorsed by the current Presidential candidate. While specifics…

Following the serious rise it experienced this week, the cryptocurrency market will witness a large number of token unlocks in many altcoins in the new week. Here is the token unlock calendar that we, as Bitcoinsistemi.com, have prepared specially for you. (All times are stated as UTC+3 Türkiye time) Gate Token (GT) Market Value: $733.01 million Amount of Tokens to Unlock: $52.42 million (7.15% of market cap) Date: August 26, 2024, 03:00 Worldcoin (WLD) Market Value: $209.79 million Amount of Tokens to Unlock: $6.28 million (3.00% of market cap) Date: August 26, 2024, 03:00 Sei (SEI) Market Value: $633.96 million…

Amid rising fears about money laundering in crypto and exchanges, Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, is setting the record straight! In a fiery post on X, Alderoty called out the U.S. Federal Reserve and SEC for unfairly targeting crypto. He pointed out that traditional finance, like the New York Fed, has been just as guilty of facilitating illicit transfers. Alderoty insists that the real money laundering issue is deeply rooted in the broader financial system, and crypto should not be the scapegoat. Crypto Is Not the Main Culprit, Says Alderoty! Alderoty’s comments came in response to a Wall…

ENS Labs, the main developer firm behind the domain name protocol Ethereum Name Service (ENS), has integrated its solution into the giant payment platforms PayPal and Venmo, the company shared on Tuesday. The news could signal a renewed interest from traditional payment platforms in cryptocurrencies and blockchain technologies. According to a press release shared with CoinDesk, users can now use their ENS names when transferring crypto on those platforms, allowing them to reduce the risk of transferring their assets to the wrong crypto addresses. The integration will first be available to users in the U.S. ENS provides Ethereum users a…

After a significant downturn in the cryptocurrency market, Bitcoin has seen a sharp decline, breaking through the key support level of its previous major swing low of $53K. This price movement indicates a possible shift towards a bearish market structure. Technical Analysis By Shayan The Daily Chart A detailed examination of Bitcoin’s daily chart reveals a significant downturn driven by widespread fears of potential economic turmoil. Since Friday, increased selling pressure has led to a sharp decline in BTC’s price, causing it to break below the 200-day moving average at $61.1K and its prior major swing low at $53K. This…

Trump-Harris debate may influence crypto market with candidates’ stances on digital assets. US CPI report could impact Federal Reserve decisions, affecting crypto On 12 sept PPI report along with Jobless claims will be released. With cryptocurrencies experiencing a significant drop of nearly 30% from their peak in March, the upcoming week is packed with key events that could greatly impact both the crypto and traditional trading markets. Here’s what to watch for in the coming week. Key Events Of The Next Week Sep 10: U.S – Trump-Harris Debate The debate between presidential candidates Kamala Harris and Donald Trump on September…

More than $2bn in altcoins, such as Solana ($SOL) and Worldcoin ($WLD), may be unlocked in September, which may shift market trends. The increase of new tokens in circulation can create much fluctuation in the prices of the tokens. Investors interested in these kinds of stocks must look for risk management and diversification strategies while keeping an eye on the market. Another major event is anticipated in the cryptocurrency market as a record number of altcoins valued at over $2 billion are expected to be unlocked in September. Like in August, when token unlocks exceeded $2.26 billion, such projects as…

The Securities and Exchange Commission (SEC) has accidentally uploaded Gary Gensler’s draft speech on the “public good of disclosure“ complete with suggested tweaks and notes. The speech, posted to the SEC’s website today, was prepared for the Peterson Institute for International Economics and archived by users online. It features internal comments that show edits on repetitive sentiment, “diplomatically helpful” suggestions, and general cuts to the speech. For instance, after a line about large financial institutions restructuring “in the face of a potential failure,” an edit suggests, “I strongly recommend that a sentence be placed here (or somewhere in the first…