Author: NBTC

ENS Labs, the company behind the open-source blockchain naming protocol, Ethereum Name Service, is collaborating with Dentity, a leading digital identity provider, to integrate verifiable credentials on-chain. The new integration allows ENS users to link their on-chain identity with their real-world identity, giving them the power to decide the scope of the information they share, the companies said in a statement on Wednesday. The development could have far-reaching implications for the future of online identity. ENS users can maintain control over publicly accessible personally identifiable information while ensuring that no such information is stored on-chain. Khori Whittaker, Executive Director of…

At first glance, spot ether ETFs appear to have bled money, but it’s more complicated than that. BlackRock’s ETHA was the seventh-most-successful ETF launch this year with over a billion dollars worth of inflows. Other ether funds have seen brisk demand as well. Grayscale’s ETHE product lost billions, offsetting the overall success of the funds. The headline could easily be this: Recently launched ether exchange-traded funds have been a dud. After all, investors have removed $465 million of assets in total from the nine funds that began trading in the U.S. a month ago. Dig a little deeper and you’ll…

The layer 2 network Blast is attracting more and more attention from the community, while critics call the project a pyramid. Table of Contents Blast Points and Blast Gold Blast overtakes layer 2 Accusations of fraud What is next Why is everyone talking about Blast Blast is an Ethereum-based layer 2 network launched by Tieshun Roquerre, known as Pacman, who is also behind the Blur NFT marketplace. Blast offers a native return model for Ethereum and stablecoins, charging 3.4% and 8% respectively. However, until a certain point, users did not even have the opportunity to withdraw funds, which critics called…

Justin Sun has decided to make some noise about Pavel Durov, the CEO of Telegram, who’s in hot water with the French authorities. Justin hit Twitter with a proposal to start a FreePavel DAO. He’s also offering up $1 million of his own money to get things moving, but only if the community backs the idea and it’s done in a decentralized way. Justin tagged Elon Musk and Mario Nawfal to get them involved. Telegram, meanwhile, has finally said something about Pavel’s situation. They put out a statement on their News channel, backing their CEO and calling for a quick…

China’s Bitcoin mining still contributes 15% to the global hashrate despite reports of an official ban. China’s 2021 Bitcoin mining ban was a temporary suspension, not a permanent shutdown. China’s Bitcoin mining operations rely mainly on hydroelectric power, aligning with its carbon neutrality goals. Recent findings reveal that Bitcoin mining in China was never officially banned, contrary to popular belief. According to environmental analyst Daniel Batten, what was perceived as a ban was actually a temporary suspension. 🇨🇳 #Bitcoin Mining Was Never Banned In China, by @DSBattenDespite widespread reports, Bitcoin mining was never banned in China. Publicly available legislation &…

TL;DR Vitalik Buterin advocates for a cryptocurrency governance model that combines plurality and control. Note that the tension between freedom and control also manifests itself in other technologies and policies. Proposes multifactorial approaches to solve complex problems such as voting and universal basic income (UBI). Vitalik Buterin, the creator of Ethereum, has shared his thoughts on the need for robust and plural governance in the cryptocurrency space. For over a decade, the crypto world has been a haven for those seeking to escape the control of powerful entities and maintain their freedom. However, as the crypto ecosystem matures, there is…

On-chain data shows that Bitcoin investors have ended their net profit-taking spree recently, a potential sign that a price reversal could occur soon. Bitcoin Daily Realized Profit Loss Ratio Has Dipped Below 1 Recently As explained by CryptoQuant author Axel Adler Jr in a new post on X, realized losses have started to exceed profits recently. The on-chain metric of interest here is the “Daily Realized Profit Loss Ratio,” which, as its name suggests, tells us about how the Bitcoin investors’ profits compare against the losses. The metric works by going through the transaction history of each coin sold to…

Crypto analyst CrediBULL Crypto has provided deep insights into what to expect from the Ethereum price action going forward. The analyst predict that the second largest crypto token by market cap will still rise to $3,000 but noted that a crash will happen first. Ethereum To Rise To $3,000 Soon Enough In an X (formerly Twitter) post, CrediBULL Crypto shared a chart that showed that Ethereum would rise to $3,000 sometime in September. However, the analyst’s chart also showed that Ethereum will drop below $2,500 before it enjoys this move to the upside. CrediBULL Crypto did well to explain why…

In a speech today, Fed Member Michelle Bowman reiterated her cautious stance on US monetary policy and stated that inflationary risks continue. Bowman, speaking at a bankers’ conference in Alaska, said reacting too quickly to the latest economic data could jeopardize progress made in controlling inflation. Bowman, known as one of the Fed’s more hawkish policymakers, has refrained from endorsing further rate hikes, a position he has previously supported. However, he has given little indication that he is prepared to support an expected rate cut at the Fed’s Sept. 17-18 meeting. “If inflation continues to fall sustainably toward our 2%…

In an exciting development, BounceBit has announced its participation in “The Surge Volt 2” with LineaBuild, utilizing BBTC. This collaboration marks a significant step for BounceBit as it expands its reach and functionality within the crypto ecosystem. Users are encouraged to bridge their BBTC tokens using Protocol_Free’s bridge. This bridging process allows users to earn LXP-L points by adding liquidity to LayerBankFi. The initiative aims to incentivise liquidity provision, thereby enhancing the overall liquidity and usability of the BBTC token across platforms. BounceBit is joining the⚡️The Surge Volt 2 @LineaBuild with $BBTCBridge your $BBTC with @Protocol_Free’s bridge and start earning…