Author: NBTC

Arbitrum said it has collaborated with stablecoin issuer Circle to support the use of bridged USD Coin (USDC) as a custom gas token for Orbit Chains, according to an Aug. 7 statement shared with CryptoSlate. The Ethereum-based scaling solution stated that this development is part of a broader set of initiatives it is currently pursuing with Circle. Arbitrum is the largest Ethereum Layer 2 blockchain network, with the total value of assets locked on it at $3.3 billion, according to DeFiLlama data, The network’s native ARB token hit an all-time low of $0.4317 on Aug. 5 amid a broader market…

Fundstrat’s famous market strategist Tom Lee shared his views on Bitcoin (BTC), stocks and technology in a recent interview. Lee, known for his bullish comments on Bitcoin and his accurate prediction of the last bull market, explained how he formulated price targets for Bitcoin. Lee emphasized that Bitcoin is different from other asset classes because of its cooperative value. Contributors to the network benefit from BTC, which distinguishes it from other assets. In 2017, when Bitcoin was around a thousand dollars, Fundstrat published a white paper highlighting that just two variables explained more than 80% of Bitcoin’s price movement: the…

Former professional kickboxer Andrew Tate recently shared his thoughts on the current state of the cryptocurrency market in an extensive interview. Here are some of the key points he covered regarding crypto: Introduction to Crypto: Tate expressed his intention to introduce himself to the crypto world, acknowledging that many people in the crypto community were already familiar with him. He emphasized his busy schedule and initial reluctance but decided to engage due to significant interest. Concerns with Crypto Culture: Tate discussed his dissatisfaction with the existing crypto culture. He criticized the culture for being largely about luck, gambling, and deceit,…

AxLabs has released neow3j v3.23.0, achieving compatibility with the latest Neo v3.7 release. This update introduces support for new native contract functions and documents four breaking changes across the SDK and devpack. New Features The new version of neow3j includes the recently implemented keccak256 hash function in the CryptoLib native contract. Additionally, the update supports the NeoToken native contract’s GetCommitteeAddress method, a helper function recently made public for developer convenience. Other modifications include the addition of the execNeoxpCommandWithDefaultConfig method, which simplifies the execution of neoxp commands when using neow3j for testing. Further, native contracts in the devpack now use expected…

Bitcoin is a revolutionary concept—a decentralized, peer-to-peer electronic cash system, store of value, timestamping server, and event sequencer with a fixed supply directly tied to real-world energy consumption. Its core values of scarcity, transparency, and decentralization offer a stark contrast to the traditional financial system. However, the rise of Bitcoin derivatives, seen by many as a bullish indicator, may actually threaten to undermine these very principles that make Bitcoin unique and potentially transformative. Bitcoin directly correlates to our natural resources As climate physicist Margot Paez argues, Bitcoin’s often-criticized energy consumption is increasingly tied to renewable sources. This connection to real-world…

Recent data from Lookonchain reveals intriguing activity in the cryptocurrency market involving $LINK tokens. Since June 24, approximately 93 new wallets have collectively withdrawn a substantial amount of 12.75 million $LINK tokens from Binance. The total value of this withdrawal is approximately $167 million. It suggests significant accumulation by a mysterious whale or institution. It seems that a mysterious whale/institution is accumulating $LINK!We noticed 93 fresh wallets withdrawing 12.75M $LINK($167M) from #Binance since June 24!https://t.co/SkqA1r0F1N pic.twitter.com/AJR4fT36VG — Lookonchain (@lookonchain) July 14, 2024 Large $LINK Token Transfer from Binance Hints at Strategic Investor Moves A large number of $LINK tokens’ transfer…

IOTA’s Digital Product Passport introduces enhanced transparency and traceability in electronics recycling, promising more sustainable lifecycle management. IOTA seeks commercial partnerships to bring this technology to market, highlighting a significant push towards integrating blockchain in environmental sustainability efforts. Along with achieving Shari’a compliance as certified by the Cambridge Institute, as recently reported in a CNF post, IOTA recently shared an update about their development of an Electronics Digital Product Passport (DPP) prototype. This prototype was created in collaboration with the Technical University of Catalonia and eReuse, according to the IOTA Blog. In a recent tweet, IOTA unveiled their Electronics Digital…

Bitcoin (BTC) experienced a significant pullback this Monday, pushing the cryptocurrency market into a sharp decline. Why the trigger? The currently inactive Mt. Gox crypto exchange announced in July that it plans to return more than 140,000 BTC to customers. These customers’ assets were stolen in a famous hack in 2014. The market is now grappling with the potential impact of more than 140,000 BTC thought to flood the market in less than a month. To put this in perspective, this number is slightly less than the immediate liquidation of Fidelity’s spot Bitcoin ETF, which currently holds 167,375 BTC. But…

According to Shopinbit, a European online retailer that accepts cryptocurrency for transactions, monero (XMR) was the favored payment method in June. Shopinbit reported that XMR accounted for over 74% of all payments during that period. European Retailer Shopinbit Sees Monero Payments Skyrocket in June The European online retailer, which offers over a million products, shared on X this week that monero (XMR) was the dominant payment method in June. The post revealed that 74.54% of all transactions were settled with monero, while 23.64% were onchain BTC payments. Shopinbit, an online retailer established in 2018, offers a variety of products including…

In December, the Zcash founder resigned from his languishing privacy-centric blockchain. Now he’s back working with a Swiss-based entity trying to fix it from the outside. By Steven Ehrlich, Forbes Staff In the fantastical world of crypto, there is a certain amount of veneration afforded to its pioneers. The elusive Satoshi Nakamoto, founder of bitcoin, has achieved mythical status as the industry’s progenitor. Ethereum founder and wunderkind Vitalik Buterin is feted as the intellectual leader of his $283 billion market cap blockchain and conscience for much of the industry. Cardano founder Charles Hoskinson is a cult leader for fans of…