Author: NBTC

The new EVM Object Format (EOF) proposal aims to make the de facto industry standard Ethereum Virtual Machine more developer-friendly. Concerns were raised by some developers that the risk of implementing the proposal weren’t worth the benefits. Ethereum developers are steering toward an upgrade that could bring the most fundamental changes in the network’s programming environment since the original smart-contracts blockchain shook up the crypto industry when it launched nearly a decade ago. The Ethereum Improvement Proposal (EIP) known as EVM Object Format (EOF), which has been discussed extensively in developer circles this year because of some participants’ concerns about…

The CFTC’s notice of proposed rulemaking for prediction markets drew various comments from the public, including the crypto industry. Crypto industry stakeholders say the rules are too broad and would constitute an overreach, considering the recent ‘Chevron court decision. Dragonfly Digital Management and Crypto.com have joined crypto exchange Coinbase in criticizing the Commodities Futures Trading Commission’s (CFTC) proposed rules on prediction markets. Critics say that the CFTC’s proposed rules broadly categorize and ban certain event contracts, including those related to gaming – with Coinbase calling the CFTC’s proposed definition of gaming too ambiguous – and elections, raising concerns that this…

Bitcoin mining was marginally less profitable last month, the bank said. Jefferies cut its Marathon Digital price target to $17 from $22. U.S-listed mining companies produced a larger share of bitcoin in July, the report said. Bitcoin (BTC) mining was slightly less profitable in June than the month previous, as the price of the world’s largest cryptocurrency fell over 6% while the network hashrate remained stable, investment bank Jefferies said in a research report on Thursday. Hashrate is a proxy for competition in the industry and mining difficulty. The bank cut its Marathon Digital (MARA) price target to $17 from…

Bitcoin, the undisputed king of cryptocurrencies, finds itself in a tug-of-war between bullish whispers and bearish roars. While some analysts point to technical indicators hinting at a price surge, others warn of potential pitfalls lurking beneath the surface. Bulls See Bullish Flags And Futures Technical analysts are a curious breed. They speak in a language of charts, patterns, and indicators, deciphering the cryptic movements of the market. One such indicator, the bullish flag pattern, has some analysts, like Gert van Lagen, cautiously optimistic. $BTC [2D] – The handle of the 3Y+ Cup with Handle itself qualifies as a bullflag targeting…

Ethereum recently found support at $2.1K following a significant cascade and experienced a slight bullish rebound. However, the price is now retracing towards the wedge’s broken lower boundary, indicating a potential pullback completion. This move hints at a possible bearish continuation in the coming days. By Shayan The Daily Chart A closer look at ETH’s daily chart reveals that following a significant market turmoil, the cryptocurrency broke below the wedge’s lower boundary at $2.8K and experienced a notable cascade. Nevertheless, the price found support at the crucial $2.1K support zone, leading to a bullish reversal. Subsequently, buying pressure emerged, leading…

IOTA’s infrastructure ensures robust data security through advanced cryptography and offers high network scalability to handle numerous participants and transactions, which is essential for businesses. IOTA is driving the transformation of the global digital economy by providing a scalable, decentralized infrastructure based on the IOTA Tangle. The global digital economy of the near future presents both exciting opportunities and significant challenges. As technological revolutions reshape the landscape, new business models and job creation avenues are emerging. IOTA is at the forefront of this transformation, providing the technical, decentralized infrastructure necessary for the new economy. Designed to be open, green, and…

Conservative Party Leader Pierre Poilievre pledges to ban a central bank digital currency in Canada, pledging to protect cash use. Canadian Conservative Leader Pierre Poilievre voiced strong opposition to the development of a central bank digital currency in Canada in a recent X post, pledging to protect cash usage and resist the government’s push toward economic digitization. Prime Minister Justin Trudeau’s rival called for an end to the creation of a CBDC and expressed support for a member of the House of Commons of Canada Ted Falk’s Bill C-400, which seeks to ban the introduction of such a currency. It’s…

The euphoric momentum of the Bitcoin bull market is waning across all metrics, according to blockchain analysts. Reflexivity Research co-founder Will Clemente noted on Tuesday that Bitcoin’s price—down 3% on the day to $64,500 as of writing—is now close to the “short-term holder cost basis” of $63,800, per Glassnode data. That’s an on-chain indicator tracking the average price at which recent investors bought in. “Don’t want to see consecutive days closed below,” wrote Clemente. “Typically serves as a good line in the sand for trends.” Haven’t posted about on-chain stuff in a while haha BTC approaching short-term holders’ cost basis…

Ethereum (ETH) is projected to reach $6,404 by the end of 2024, according to top analysts’ and fund managers’ predictions gathered by CoinGecko. Predictions range from $4,443.63 to $166,000, with most forecasts falling between $6,000 and $8,000. Bernstein, QCP Capital, and Standard Chartered provide the most immediate outlook, predicting ETH prices within the $6,000 to $8,000 range for 2024. CryptoNews offers the most conservative estimate at $4,443.63, while Cathie Wood of Ark Invest presents the most bullish forecast at $166,000. The potential approval of Ethereum exchange-traded funds (ETFs) is expected to drive price growth, similar to Bitcoin’s recent surge following…

Renowned crypto journalist Colin Wu predicts several key projects from various sectors are gearing up for their token generation events (TGEs) in the second half of 2024. Wu’s list comprises multiple categories, including staking, restaking, and liquid staking, among others. Babylon and Symbiotic: Top Staking and Restaking Projects with Potential TGE One project that stands out from Wu’s potential TGE list is Babylon, a prominent player in the Bitcoin staking protocol sector. Recently, the protocol launched a new testnet phase, Cap 3, featuring a fee adjustment mechanism. This milestone follows Babylon’s impressive $70 million funding round, backed by major investors…