Author: NBTC

Sitting at the Agora—not the ancient Greek public space, but at a side event for Pyth Network during ETHcc annual conference in Brussels—I’m trying to grasp how they aim to shift control over MEV from validators and block producers to the protocol itself.—Inspired by Greek mythology, Pyth.Network serves as the oracle for DeFi applications. The company is named after Pythia, also known as the Oracle of Delphi, who was a high priestess in ancient Greece. Renowned for her prophecies, Pythia would enter a trance-like state, often induced by natural gases rising from a chasm beneath the temple. Pyth, the 2.0…

The upcoming launch of US-based exchange-traded funds (ETFs) tied to the spot price of Ethereum (ETH) has led to an increase in hedging activities among investors. Ethereum Hedging Increases as Ethereum ETF Launch Nears This trend is evident from ETH’s persistent volatility premium over Bitcoin (BTC) as investors rush to the options market to protect or hedge their positions from potential price fluctuations. Estimated volatility, which reflects market expectations for price fluctuations over a given period based on options data, has increased over various time periods. According to data from Deribit and Kaiko, demand for options or derivatives that protect…

Ethereum layer-2 blockchain Celo has announced today the integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for multichain functionality. According to the announcement, this movement brings a high level of security and reliability to Celo’s ecosystem. The Celo community’s endorsement has been pivotal, previously leading to Celo’s participation in the Chainlink SCALE program. This collaboration provided Celo with advanced technical support and improved access to Chainlink’s offerings. “We’re excited for Celo to natively integrate Chainlink CCIP as its canonical cross-chain infrastructure,” said Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs. “Secure interoperability powered by CCIP will empower Celo developers and…

Fresh Supply Co (FSCO) has transitioned from the now-defunct Mastercard Provenance private blockchain to the Hedera network for real-world asset tokenization across the agri-food supply chain. This move aims to address the traditional opacity of the agrifood value chain by tokenizing events such as the transformation of raw materials to finished products, thereby providing complete transparency and verifiable data for financiers. As more and more real-world projects take a step towards tokenization, the HBAR foundation announced that the Fresch Supply Co (FSC), previously the largest user of the now-defunct Mastercard Provenance private blockchain, has now completely transitioned to the Hedera…

The Bitcoin (BTC) market is currently experiencing significant pressure due to large sell-offs from the Mt. Gox exchange and German authorities. Germany is rapidly liquidating its Bitcoin holdings, intending to sell all remaining BTC within two days at the current selling pace, according to analysts. Recently, 16,038 BTC were transferred from government wallets to various crypto exchanges and market makers, with a total of 26,071 BTC sold since June 19. This leaves only 23,788 BTC in their wallet. Despite these fundamental challenges, the average cost of Bitcoin mining among the largest public miners in April, approximately $53,000, serves as a…

Fund issuers looking to offer spot ether ETFs in the US have heard from the Securities and Exchange Commission — with sources saying the dialogue points to launches next week. The securities regulator has asked the companies to submit their final registration statements, or S-1s, for the proposed ETH funds by end of day on Wednesday, two people close to the filing told Blockworks. These documents would address any final suggested revisions and include details left off some previous S-1s, including fees. Read more: Does the ETH ETF ‘fee war’ even matter to investors? Per the SEC’s request, issuers expect…

Beacon Chain will close in June and probably reshuffle some tokens in the Binance ecosystem. In early 2024, Binance announced the closure of Beacon Chain, but the immediate news may also attract more attention to BNB Coin (BNB). Beacon Chain was a temporary solution for orchestrating consensus. Binance directly monitored its other decentralized networks through the BNB Chain. So its closure won’t have a direct impact on Binance Smart Chain. Holders of BNB tokens may continue to receive passive income after re-delegating their holdings. Searching for info on the Beacon Chain sunset? 🌅 Look no further!📝Stake Migration Guide: https://t.co/6GFKppXuHN ⛓️BSC…

In an exclusive interview, we had the opportunity to talk with Gerald Heydenreich, the President and co-founder of EtherMail, a company revolutionizing the email landscape for the Web3 era. EtherMail is pioneering the concept of a “Consume-to-Earn” email service, offering users full ownership, control, and sovereignty over their inboxes while enabling anonymous and encrypted wallet-to-wallet communication.—The Vision Behind EtherMailGerald Heydenreich co-founded EtherMail with a vision to bridge the gap between traditional email systems (Web2) and the decentralized future of Web3. “Our goal is to give users complete control over their email communication while also providing a way to earn rewards…

U.S. Senator Marsha Blackburn (R-TN) has announced, in a press release sent to Bitcoin Magazine, that her re-election campaign now accepts cryptocurrency donations. This move comes as Blackburn’s campaign recently launched a page dedicated to Bitcoin donations. “Our campaign is committed to meeting supporters where they are,” said Senator Blackburn. “As a growing number of Americans utilize digital currencies for everyday transactions, we are excited to take this next step and stay on the cutting edge of the 21st-century digital world.” This announcement follows a recent trend of Bitcoin adoption among U.S. politicians. Just yesterday, Blackburn chaired the RNC Platform…

According to recent statistics from July 16, 2024, Google Trends data reveals a significant increase in interest for the term “ethereum,” climbing from a score of 57 out of 100 on July 14 to a peak of 82 on Monday. Similarly, the search query “bitcoin” saw a rise, moving from a score of 71 to 76 between those two days over the 30-day period. Ethereum Search Popularity Peaks as ETF Launch Nears; Bitcoin Searches Also on the Rise Ethereum is gaining attention ahead of the imminent launch of spot ether exchange-traded funds (ETFs), while bitcoin has also seen increased interest…