Author: NBTC

Hedera, renowned for its decentralized and leaderless proof-of-stake network, announced a significant transition within its governance structure today. DBS Bank, a key player from Southeast Asia and a foundational member of the Hedera Council, officially concluded its three-year tenure. This change marks a pivotal moment in Hedera’s governance, emphasizing the platform’s dynamic and evolving nature, designed to incorporate a rotating ensemble of global leaders across various sectors. From its inception, Hedera has been distinctive for its council-based governance model, which aims to ensure a broad, decentralized, and diverse decision-making process. The inclusion of term limits for council members is a…

Bitcoin (BTC) has been hovering in the bearish zone after a series of massive selloffs triggered a market-wide downturn. BTC is up by 0.6% in the past 24 hours and is trading at $58,180 at the time of writing. The asset’s market cap is sitting at $1.14 trillion. Data shows that the BTC daily trading volume increased by 42%, reaching $29.5 billion. BTC price, whale activity, RSI and open interest – July 8 | Source: Santiment According to data provided by Santiment, the Bitcoin total open interest dropped from $10.29 billion to $10 billion over the past day. The decline…

VeChain has concluded round 12 of its voting round pending the mainnet launch of VeChain’s VeBetterDAO. It is reported that 2,200 people were involved in the voting round with 67,000 B3TR tokens allocated on multiple Decentralized Applications. VeChain’s (VET) VeBetterDAO has officially concluded the 12th round of its voting exercise days after completing a successful testnet launch. According to VeChain, this round of voting had 2,200 people participating in the effort to allocate 67,000 B3TR tokens across seven decentralized applications. Interestingly, the last round of voting on the testnet is expected to be finalized on June 16 with the VeBetterDAO’s…

In a new development in the legal saga surrounding the true identity of Bitcoin’s creator, the U.K. High Court has issued an approved judgment alongside some injunctions in the lawsuit involving Craig Wright, who has long claimed to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin. COPA vs CSW – Injunctions Publishedhttps://t.co/tCcfAoU82T pic.twitter.com/p3voE2vvOl — BitMEX Research (@BitMEXResearch) July 16, 2024 In an approved judgment document released by the court on July 16, Judge James Mellor concluded injunctions sought by COPA which, to him, seem to be based, more or less, on an accumulation of the subject matter of each of…

Pixelverse, a crypto gaming franchise that has rapidly gained recent prominence in part due to the success of its PixelTap game on Telegram, launched its PIXFI token on The Open Network (TON) on Thursday—and revealed plans for rewarding players with an airdrop. PIXFI is currently trading at a price of around $0.024, as of this writing, though price trackers vary on whether it’s up or down since launch due to the extreme volatility of newly launched tokens. CoinGecko calls it up 17% so far, while CoinMarketCap frames it as a nearly 5% decrease due to varying starting prices logged by…

Pyth Network, a well-known oracle solution based on blockchain, has recently announced an exclusive development. As per the company, it is joining forces with Tabi (a modular gaming layer 1 on Cosmos) which operates as a scalable blockchain using a proof-of-stake consensus mechanism. The platform took to its official account on social media forum X to provide the details of this endeavor. Pyth Network and Tabi Collaborate to Offer Support for Several dApps with Fairness and Security It noted in its latest X post that Tabi has complete compatibility with the Ethereum Virtual Machine. In addition to this, it has…

As Bitcoin (BTC) attempts to hold above the $57,000 mark, a crypto analyst has warned that investors might need to brace themselves for further correction. In a July 8 post on TradingView, analyst Alan Santana provided a detailed breakdown of Bitcoin’s current bearish trends, supported by crucial volume indicators and price movements. Santana’s analysis focused on significant volume trends observed over the past few months. For instance, on March 5, Bitcoin experienced its highest daily volume in years, but the session closed red. This high-volume day marked the beginning of a 111-day trend of decreasing volume, broken on June 24…

Venture capital fund (VC) Shima Capital has accumulated five different memcoins on Monday, according to Nansen. The venture capitalist placed bets on Ethereum-based memecoins MAGA, TRUMP, WOJAK, DEGEN and ANDY. At the time of writing, four of the five positions have fallen significantly. Shima’s highest bet was the DEGEN token, with $49,561 bought in the last 24 hours. Since they acquired the memecoin, its price has fallen by almost 4%. The investment in TRUMP was significantly smaller, with Shima committing $8,992 to a memecoin themed around the US presidential election. At the time of writing, their TRUMP assets had lost…

Oasis, a privacy layer dealing with artificial intelligence and Web3, has announced a new project. As per the platform, it is unveiling a unique framework ‘ROFL’ to provide computing support concerning off-chain mechanisms to runtimes such as Oasis Sapphire. The company took to social media to offer details of this endeavor. Oasis Unveils a Unique Framework called ‘ROFL’ for Improved Off-Chain Computing Support In its latest series of X posts, Oasis mentioned that the platform intends to start decentralized AI. For this purpose, it is reportedly creating ROFL. Blockchains are innovative in their capability to offer trustless computation. Nonetheless, the…

The recent plunge in Bitcoin’s (BTC) price has had a devastating impact on long position holders. The sudden fall in BTC price last week triggered the largest liquidation event in over a year, according to a CryptoQuant analyst. The dramatic decline has caused significant financial losses for investors who had bet on Bitcoin’s price rise. Market crush triggers massive long liquidations“The recent $BTC price plunge has been devastating for long position holders. As you can see, the size of the long liquidation is by far the largest for the last year.” – By @marketmakercopy Link 👇https://t.co/xFKl5iyOrC pic.twitter.com/UNhebMTND3 — CryptoQuant.com (@cryptoquant_com)…