Author: NBTC

Consensys, the Ethereum software developer firm that built the MetaMask wallet, shared Tuesday that it is launching a “MetaMask Delegation Toolkit,” aimed at making the user experience of blockchain applications more seamless. The news was announced at the Ethereum Community Conference (EthCC) in Brussels, Belgium, where the company plans to begin onboarding developers to use its new product. According to a press release shared with CoinDesk, the Delegation Toolkit will allow for instant user onboarding without needing to interact with a traditional wallet, in addition to eliminating “user friction completely,” meaning no pop-ups or confirmations when switching between a decentralized…

Crypto firm Galaxy Digital is forecasting how Ethereum (ETH) exchange-traded funds (ETFs) will stack up to Bitcoin (BTC) ETFs. According to a new research post from Charles Yu, the firm’s vice president of research, Ethereum ETFs will see roughly one-third of the inflows of similar Bitcoin products. To reach their estimate, Yu says the firm compared the two assets’ market cap, open interest levels and volume in futures markets, and the total assets under management (AUM) across existing funds. “Based on the above, we think that ether spot ETF inflows will be approximately 3x less than US spot bitcoin ETF…

Onchain data shows suspicious transactions made by a wallet that may be an “insider” investor in an altcoin. According to the data, the cryptocurrency whale with the short address 0x85f began accumulating the BEAM altcoin shortly before it was listed on the cryptocurrency exchange Upbit and immediately sold amid the post-listing rally. The transactions of the cryptocurrency whale in the last 3 days attract attention. First, the whale created his wallet just 3 days ago and withdrew 750 thousand USDT and 90.34 Ethereum via Coinbase. He used these to purchase $911,000 worth of BEAM at a price of $0.028 on…

Swiss crypto bank Amina Bank has partnered with Pyth Network to provide more accurate price feeds for users. This collaboration brings Amina Bank closer to its goal of enhancing the user experience and accessibility of Web3 applications. The real-time price feeds allow Amina Bank to generate an entirely new revenue stream for its business without incurring significant costs. Boosting Web3 Accessibility Swiss crypto bank Amina Bank has partnered with the decentralized financial oracle Pyth Network to improve the accuracy and efficiency of its price feeds for users. The collaboration also marks another step in Amina Bank’s ongoing efforts to enhance…

Yuval Noah Harari, a distinguished historian and best-selling author, recently voiced his concerns about Bitcoin at the Bank of International Settlements (BIS) Innovative Summit 2024. Consequently, Harari’s opinions received widespread criticism from the crypto community. What Did Harari Say About Bitcoin? Harari noted that while the future might lean towards electronic money, historical trust in banks and governments to manage monetary flow has fostered societal trust. He believes it is a good idea to give central banks and the government the authority to create money. “When I look at Bitcoin, as a historian, I don’t like it because this is…

Ethereum price seems to be forming a base above the $2,820 level. ETH could break the $3,160 resistance and rise toward the $3,320 resistance. Ethereum is consolidating losses above the $2,880 level. The price is trading above $3,000 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $2,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above the $3,160 resistance. Ethereum Price Eyes More Upsides Ethereum price retested the $2,820 support zone. ETH seems to be forming…

In an attempt to bolster the Ethereum layer-2 network’s gaming ecosystem, it appears that over $250 million worth of Arbitrum tokens will be unlocked over the next three years, following strongly positive support for a DAO proposal that’s currently being voted on by token holders. Arbitrum is a scaling network that enables cheaper and faster transactions than the Ethereum mainnet. It’s also attracted a number of prominent gaming projects, including the Xai layer-3 network, Treasure’s Infinity Chains, Proof of Play’s on-chain gaming network, the AnimeChain, and the upcoming ApeChain built to power Bored Ape Yacht Club-themed projects via ApeCoin. But…

The EThCC (Ethereum Community Conference) held in Brussels brought with it important updates for Solana and Lido. During the event, Lily Liu from the Solana Foundation explored the continuous evolution of the blockchain and its cross-sectional utility. On the other hand, Will Shannon from Lido presented new modules to enhance security and decentralization. Let’s see all the details below. Solana and Lido: perspectives on decentralization and security from the EThCC in Brussels Lido: decentralization and security with the new staking modules Multicoin Capital pushes for a pro-crypto senate: donation initiative in SOL Solana and Lido: perspectives on decentralization and security…

Peter Schiff recently reiterated his stance on Bitcoin, asserting that he does not own any despite widespread speculation to the contrary. Schiff’s comments come amid a questionable position of digital gold on the market. Schiff has been vocal about his views on Bitcoin, often contrasting its value and utility against traditional assets like gold. His latest remarks emphasize his disbelief in the cryptocurrency’s value, likening the enthusiasm around it to being “drunk on the Kool-Aid.” Schiff’s analogy to “the emperor’s new clothes” suggests he sees Bitcoin’s value as largely imaginary, promoted by collective belief rather than intrinsic worth. This perspective…

Cryptocurrency analysts of Coinidol.com report, the price of Ethereum (ETH) has declined from its low of $2,815 on July 5. Long-term analysis of the Ethereum price: bearish The current support level of $2,815 is the historical price level from April 13. The bulls have held the current support at $2,815 for the last three months. Over the past four days, the uptrend has stalled near the $3,000 high, while the decline has slowed above the $2,815 support level. In other words, the price of Ether is hovering between $2,800 and $3,000. If the largest altcoin rises and breaks through the…