Author: NBTC

Andrew Huang, founder of Paradigm-backed Conduit platform, is sure that Ethereum’s L2s should be able to cheaply inherit its level of decentralization. This accomplishment should be the only endgame status for Ethereum (ETH), the entrepreneur stressed. “Native currency of Internet”: Andrew Huang on Ethereum’s (ETH) endgame goal Ethereum (ETH), the largest smart contract platform, should pursue the goal of becoming a public good that maximizes decentralization. All of its L2s should be able to inherit the same level of decentralization in a cost-effective manner. The end game for ethereum is to be a public good that maximizes decentralization that a…

Heavily indebted nations face the risk of a sudden loss of market confidence, BIS warned Sunday. The umbrella body for central banks cautioned against premature easing of monetary policy. The Bank of International Settlements (BIS) warned heavily indebted nations on Sunday of a sudden loss of market confidence, validating the long-standing concern in the crypto market. “Though financial market pricing points to only a small likelihood of public finance stress at present, confidence could quickly crumble if economic momentum weakens and an urgent need for public spending arises on both structural and cyclical fronts,” the BIS said in an annual…

BNB sets a new ATH at $711 according to CoinMarketCap analytics. The altcoin went up by 10% in under 24 hours and analysts expect BNB to go higher. Many speculate that this sign is the trigger for the long-awaited altseason. Binance’s native token BNB finally sets a new all-time high (ATH) for this ongoing bull cycle. Beating out its previously set ATH, the new ATH price for BNB is now set at $711.56 according to CoinMarketCap analytics. This sudden surge came about after a significant gain of over 10% from Sunday’s low price of $597. Presently, BNB is at $701,…

Only five mining rigs remain profitable as bitcoin prices dropped below $58,000, potentially signaling a local bottom for the market. Miners, who provide computing power to blockchain networks are facing significant operational costs. Only five mining rigs are profitable for their operators as bitcoin (BTC) slumped to the $54,000 mark this week, creating a scenario that could mark a “local bottom.” “At a rate of $0.08/kWh, ASICs less efficient than 23 W/T operate at a loss,” mining giant F2Pool said in a graph released early Friday. A kWh or kilowatt-hour measures the energy usage of an electrical device or load.…

Avalanche (AVAX) may be nearing a breakout after a price dip, with analysts predicting a potential surge to new highs. In a recent development, Gamestarter and Ava Labs have joined forces to create a game-changing product on the Avalanche blockchain: Gamechain. Gamechain is a layer one solution designed explicitly for Web 3 games. Additionally, being powered by Avalanche, a renowned blockchain for games, means that developers won’t break a sweat while creating incredible gaming experiences. By utilizing Avalanche’s robust blockchain, Gamechain promises a secure, transparent, and efficient environment for all parties concerned. This partnership marks a critical juncture for Gamechain’s…

On-chain analyst Willy Woo is expressing bullish sentiment about Bitcoin (BTC) for the upcoming months. Woo tells his 1.1 million followers on the social media platform X that he expects Bitcoin to break out before October this year. According to Woo the ensuing Bitcoin rally in 2025 will be “one for the record books”. The on-chain analyst says that the rally will be driven by an increase in global liquidity, which typically favors risk assets. “Global liquidity forming a bullish ascending triangle.” Source: Willy Woo/X An ascending triangle typically forms when an area of horizontal resistance is continually tested while…

Ethereum (ETH) price is expected to note a massive surge following the launch of spot ETH ETFs this week. However, the bigger question is whether the hype surrounding the ETFs will be able to bring interest back into staking or not. Spot Ethereum ETF Could Bring Major Changes Ethereum’s transition from proof of work to proof of stake was met with extreme bullishness. It introduced a new form of yield for ETH holders, something that Bitcoin cannot offer since it is a proof-of-work chain. Plus, with ETH staking came the power of partial governance as becoming or endorsing a validator…

As many continue to follow and heed investment advice from Robert Kiyosaki, the American entrepreneur, famous investor, and finance author known for his best-selling personal finance book ‘Rich Dad Poor Dad’ has set his sights on a new asset to add to his portfolio. Specifically, alongside Marin Katusa, fellow entrepreneur and author of the New York Times best-selling book ‘The Colder War,’ Kiyosaki has started a project that involves mining a $5 billion lithium vein due to the metal’s use in the electronic vehicle (EV) industry, according to his X post on June 28. FAST TRACK INVESTMENT.FYI: For those who…

The Biden administration’s proposed 30% tax on electricity used by bitcoin miners has sparked considerable debate in the industry. Known as the Digital Asset Mining Energy tax, this policy aims to mitigate the environmental and economic impacts of cryptocurrency mining by taxing their electricity consumption. Industry experts argue that this tax could have unintended consequences, stifling energy development and distorting market dynamics. Harry Sudock, Chief Strategy Officer at GRIID, argues that the DAME tax lacks nuance in addressing the complexities of energy usage. He points out that the proposal fails to differentiate between peak and average electricity usage, potentially deterring…

Shemaroo has recently formed a new partnership with GMetri, which is essentially an extension of its metaverse platform, ShemarooVerse, in the AI gaming sector. It will be accountable for the introduction of IP-oriented games to the Web3 arena. Shemaroo Entertainment has disclosed that ShemarooVerse will feature games that are inspired by the highly sought-after Bollywood movies like Jab We Met, Golmaal, Disco Dancer, Amar Akbar Anthony, and a variety of others. IP-oriented games employ artificial intelligence to offer devotees a surreal experience within the metaverse. The Metaverse’s acceptability is on the rise, and as a result, additional films will be…