Author: NBTC

A recent post by LookOnChain has shown that ZetaChain has the potential to cut gas fees by up to 83.7% compared to LayerZero. The experiment included bridging assets from Ethereum to Binance Smart Chain. Which is Cheaper for Bridging Assets from #Ethereum to #BSC: Using #LayerZero or #Zetachain?We were pleasantly surprised to find that using #ZetaChain to bridge $USDC from #Ethereum to #BSC costs 83.7% less gas than using #LayerZero!Using #LayerZero to bridge 10 $USDC from… pic.twitter.com/qKWh3z06FQ — Lookonchain (@lookonchain) July 22, 2024 Moving assets between Ethereum and Binance Smart Chain (BSC) is a key concern for developers and users.…

Top7ICO’s latest report highlights the current state of Total Value Locked (TVL) across the top 10 blockchains, providing a snapshot of where investors are allocating their capital in the DeFi sector. The DeFi sector has become a significant aspect of the blockchain ecosystem, showcasing the massive shift towards decentralized financial services. According to data from DefiLlama, the combined TVL across all platforms now stands at approximately $88 billion. This figure represents a vibrant and growing market, with multiple blockchains vying for a larger share of the pie. Ethereum remains the undisputed leader with a TVL of $60.7 billion, reflecting its…

In the wake of Kabosu’s passing, the beloved Shiba Inu that inspired the iconic Dogecoin meme, Timothy Stebbing, a developer with the Dogecoin Foundation, has issued an alert to the Dogecoin community. Stebbing indicated that scammers are seeking to capitalize on the emotional moment by creating fake Dogecoin accounts and launching fraudulent schemes to deceive unsuspecting investors and fans. Please report @dogelcoin who are trying to capitalize on Kabosu’s death with their fake @dogecoin account😠 pic.twitter.com/xbGNIUbpOi — Timothy Stebbing (@tjstebbing) May 24, 2024 Kabosu, the dog behind the “doge” meme, has died after 14 years of internet stardom, according to…

Eesee (a popular digital asset marketplace and launchpad) has recently announced an exclusive partnership. As per the platform, it is joining forces with Kaisar Network, a well-known GPU-as-a-service protocol that facilitates the end-users and GPU providers. The platform took to its official social media account to provide insights into this endeavor. We’re thrilled to announce our new partner- @KaisarNetwork! 🎉Kaisar Network is a GPU-as-a-service protocol incentivizing both GPU providers and end-users, specifically designed and optimized for decentralized computing and AI 🔹 It aggregates new and idle GPUs from… pic.twitter.com/fsk2a5B0mI — eesee.io (@eesee_io) July 22, 2024 Eesee and Kaisar Network Join…

A closely followed crypto strategist believes that Bitcoin (BTC) could reach a six-figure price tag if it manages to reclaim a major resistance level. In a new strategy session, pseudonymous crypto analyst DonAlt tells the 61,000 subscribers of the TechnicalRoundup YouTube channel that the sell-off Bitcoin has witnessed recently could be invalidated if it manages to close around 9% above its current price. Afterward, the trader says the top crypto asset by market cap could kick off a rally that would see it eclipse its all-time high set earlier this year. “The invalidation is above $63,000, $64,000. Like the moment…

Lido Finance has reported impressive growth metrics for the week of July 15 to July 22, 2024. The Total Value Locked (TVL) in Lido increased by 9.34%, reaching $34.57 billion. This surge was driven by both an influx of new stake inflows and a rally in token prices, indicating growing investor confidence and market interest in the platform. The rise in Lido’s TVL to $34.57 billion was fueled by the staking of an additional 85,792 ETH. This significant growth reflects the heightened market interest and a strong belief in the future potential of Lido Finance. Investors are increasingly looking to…

Igloo, Inc, the parent company of popular NFT brand Pudgy Penguins, has raised over $11 million in funding to develop a new Ethereum layer-2 scaling network called Abstract, the company announced Tuesday. The funding round was led by Founders Fund, with additional investments from Fenbushi Capital, 1kx, Everest Ventures Group, and Selini Capital. Igloo will use the funds to establish Cube Labs, a new venture that will oversee the development of Abstract, an Ethereum layer-2 network. In June, Igloo announced the acquisition of Frame, an NFT-centric layer-2 network, with plans to have that team contribute to Abstract. “While building Pudgy…

A hot dog a day may not keep the doctor away. But can it help fuel excitement around a meme coin? Inspired by Costco’s flagship hot dog—and its decades-long price tag of $1.50 (plus drink)—a crop of crypto traders have found themselves engaged with Costco Hot Dog (COST). The Solana-based meme coin is an unofficial riff on the wholesale retail giant’s product, yet many holders are fans of the menu item and its dependable, inflation-flouting price point. That includes the crypto trader Joe, 28, who declined to provide his last name. On Twitter (aka X), he has committed to eating…

IOTA plans to bring billions of real-world assets on-chain through tokenization. IOTA’s use of directed acyclic graph (DAG) technology enables faster, fee-less transactions and supports its transition to a robust Web3 ecosystem. Following a recent interview, Dominik Schiener stated that the IOTA Foundation plans to bring billions of assets on-chain through RWA tokenization, as reported by CNF last June. In a revealing interview with Professor Jo on a popular Korean YouTube channel, co-founder of IOTA, Dominik Schiener, shared his intriguing journey of IOTA, a blockchain project that was initially part of his high school startup in 2015 and turned into…

Analyst shares top three Bitcoin (BTC) cycle top prices still in play for this crypto bull cycle. He bases his expectations off of historical Bitcoin cycle data. This upward movement will only come after significant equity market correction. Crypto analysts and long-time Bitcoin (BTC) holders study the price charts closely and share their opinions on when and how the market will recover. Some even share their predictions for the Bitcoin (BTC) cycle top and the predictions are quite bullish for 2025. In detail, an engineer and Bitcoin (BTC) enthusiast shares detailed observations on where the Bitcoin (BTC) price top will…