Author: NBTC

BRUSSELS – Ethereum co-founder Vitalik Buterin gave a keynote talk about hardening the Ethereum blockchain as a base layer, in front of a packed room full of an estimated 1,100 attendees, at a developer conference in Brussels on Wednesday. Buterin spoke at length during his presentation at the Ethereum Community Conference (EthCC) about the strengths and weaknesses of the largest smart-contracts blockchain and its sprawling ecosystem, including his concerns about transaction censorship, as well as a proposal to increase the “quorum threshold” from 75% to 80%. Buterin said he believes the strengths of the Ethereum ecosystem include that it is…

The Bahamas plans to force its commercial banks to support its Sand Dollar CBDC, the country’s central bank governor has revealed. Sand Dollar was launched in October 2020 as the world’s first central bank digital currency (CBDC). The Central Bank of the Bahamas believed that the digital currency would boost financial inclusion, “reduce service delivery costs and increase transactional efficiency for financial services.” However, nearly four years later, it has failed to receive the uptake the central bank envisioned, forcing Governor John Rolle to explore other strategies. Speaking to Reuters, Rolle revealed that the regulator has “begun to signal to…

Community tracker Whale Alert spotted substantial volumes of XRP tokens departing Binance to anonymous destinations in the last few hours. The first transaction involved the movement of 50,307,383 XRP from Binance to an XRP wallet with the initials “rarG6FaeYh.” This transaction occurred on May 31, at 23:40 (UTC), precisely 20 minutes before the new month. At the time of the transaction, the XRP assets in motion were worth $26,081,749. 100M XRP Moved Out of Binance Just an hour later, another 50,307,376 XRP, worth over $26.08 million, left Binance for another anonymous wallet. Collectively, Whale Alert documented the transfer of 100,614,759…

Key Points: Block’s new 3nm ASIC promises a hash rate of 15 EH/s, marking a significant advancement in mining technology. The collaboration aims to enhance decentralization and transparency in Bitcoin mining while offering scalability options for Core Scientific. Jack Dorsey’s Block, Inc. (SQ) announced a major deal with Core Scientific (CORZ) to improve Bitcoin mining chip technology. It would concentrate on the new 3nm mining ASIC developed by Block’s Proto team, with a hash rate of approximately 15 EH/s. This collaboration represents one of the industry’s highest hash rate contracts for Bitcoin mining chip ASICs. As per the news release,…

San Francisco — Up Network has unveiled ‘Up Mobile,’ the world’s first smartphone integrating advanced artificial intelligence and blockchain technology, powered by Facebook’s Move programming language. This groundbreaking device promises heightened security and privacy for users while delivering innovative Web3 experiences.—Led by Co-Founder Roy Liu, known for integrating TRON into Samsung mobile phones, Up Network aims to fill a crucial gap in the market. “Today’s Web3 users face limitations on traditional smartphones. Up Mobile is designed to offer a seamless Web3 experience, supported by Movement Labs’ cutting-edge blockchain infrastructure.”Roy Liu, Co-founder of Up NetworkThe partnership with Movement Labs, which recently…

If you take a closer look, you might notice a double top pattern, but a reverse one. The reverse double top is actually bullish for the asset and hints at an upcoming price reversal. Traditionally speaking, the double top pattern is a bearish signal that denotes a change in trend from an upward to a downward one. But it can also indicate the opposite when it is reversed. It appears that a bullish reversal may be approaching, as this reversed double top pattern is forming on Ethereum’s four-hour chart. According to this pattern, ETH has encountered resistance at this point…

China state-backed insurance giant CPIC is partnering with crypto bank AMINA to provide investment advisory and banking services. CPIC Investment Management (CPICIMHK), a Hong Kong-based arm of China Pacific Insurance Group (CPIC), the second-largest property insurance company in China, is joining forces with Swiss crypto bank AMINA Group (formerly known as SEBA Bank) to expand its expertise in the crypto sector for the Asia Pacific region. In a Wednesday press release, AMINA said the collaboration would enable CPICIMHK to provide investment advisory and banking services respectively “as an integrated solution to the Pacific Waterdrip Digital Asset Funds.” “This partnership underscores…

Leading dog-themed cryptocurrency Shiba Inu (SHIB) secures the second position in Robinhood’s list of top 10 cryptos with the most weekly gains. According to the data, Shiba Inu came second after registering a price surge of 6.7% over the past week. Shiba Inu ranked behind Uniswap (UNI), which sat as Robinhood’s top weekly gainer, with a 14.6% price spike. #ThisWeekInCrypto and our full list of crypto available at: https://t.co/B41xoSGKG8 See you in June. pic.twitter.com/4eX3Z2Lx3K — Robinhood (@RobinhoodApp) May 31, 2024 Shiba Inu Outperforms BTC, ETH, and DOGE However, Shiba Inu still outperformed other prominent Robinhood-listed crypto assets in the rankings,…

Bitcoin (BTC) is the leading cryptocurrency whose core value lies in being secure and uncensorable money powered by a decentralized network of miners, reaching consensus over its users’ transactions. However, experts have challenged Bitcoin’s long-term security model and decentralization status over the years, warning of gradual proof-of-work centralization. A study published by pseudonymous analyst b10c (@0xb10c, on X) suggests that mining operations centralization could be worse than ever. The analyst shared insights on April 17 that point to Bitmain dominating Bitcoin mining operations among multiple pools, raising concerns. Basically, a block template is what a miner uses to add transactions…

9 July 2024 —Tether Operations Limited, the largest company in the digital asset industry, today announced a strategic collaboration with the Vietnam Blockchain Association (VBA) to drive blockchain and digital assets education. This collaboration aims to educate public stakeholders on blockchain technologies through a series of conferences and workshops, fostering knowledge-sharing and capacity-building within the industry. Based in Ho Chi Minh City, the Vietnam Blockchain Association serves as a hub for individuals interested in standardizing and promoting blockchain technology in the country. It plays a key role in promoting blockchain technology in Vietnam and advocating for blockchain education by hosting…