Author: NBTC

Switzerland-based blockchain startup Aleph Zero has launched a testnet for its ZK-privacy layer-2 solution zkOS capable of achieving “subsecond proving times.” Aleph Zero, a Swiss firm focused on developing privacy-first blockchain solutions, is launching the developer testnet for its Aleph Zero EVM layer-2 solution known as zkOS, which is capable of achieving “subsecond proving times” compared to minutes in other solutions. Built in partnership with Gelato, a Rollup-as-a-Service provider, zkOS leverages Arbitrum Anytrust DAC, a permissioned set of parties responsible for enforcing data availability in an Arbitrum AnyTrust Protocol chain. “Privacy will become a major narrative in 2024 and beyond,…

Bitcoin (BTC) exchange-traded funds (ETFs) already hold over 1 million BTC in their wallets, according to data aggregator bold.report. As of May 23, all Bitcoin ETF’s holdings amounted to 1,057,039 BTC, which is equivalent to nearly 5% of the crypto’s supply. Grayscale’s GBTC leads the pack with over 291,000 BTC under management, closely followed by BlackRock’s IBIT and their 279,500 BTC stash. Notably, those are the numbers gathered on May 23 and have since changed. GBTC shows 293,000 BTC at the time of writing, while IBIT amounts to 284,526 BTC, according to on-chain data platform Arkham Intelligence. Image: bold.report Outside…

Key Points: Consensys raises concerns over IRS crypto regulations and Form 1099-DA because high compliance costs and inadequate consideration for non-traditional reporting entities. IRS introduced Form 1099-DA for cryptocurrency brokers with the requirement reporting of digital asset transactions starting January 1, 2025. IRS is increasing regulatory focus on crypto tax matters amid growing market scrutiny. Consensys, a prominent blockchain software provider, has expressed significant apprehension regarding the United States Internal Revenue Service’s (IRS) proposed regulations and the newly unveiled draft Form 1099-DA. Consensys Criticizes IRS Crypto Regulations for High Costs The company argues that the extensive data requirements outlined in…

Outlier Ventures, in collaboration with the Celo ecosystem and supported by Defactor, proudly announces the six innovative startups selected for the Real World Assets (RWA) Base Camp accelerator program. The RWA Base Camp is a Web3 accelerator program aimed at fostering the development of early-stage Web3 founders focused on tokenizing real-world assets across various industries.—The RWA Base Camp carefully selected six teams of leading early-stage startups focused on building products across financial assets and infrastructure. These teams are specifically dedicated to building a private credit DeFi lending platform, lending and borrowing secured by RWAs, stablecoin-based microloans based on social reputation,…

Key Points: Bitcoin briefly surpasses $70,000 before settling at $69,861 per coin. The cryptocurrency sees a daily uptick of 1.95%, reflecting ongoing bullish sentiment. Despite the milestone, Bitcoin experiences slight retreat, highlighting the inherent volatility of the crypto market. BTC price briefly soared beyond the $70,000 mark, marking a significant milestone in its tumultuous journey. As of the latest data, Bitcoin is now trading at $69,861 per coin, experiencing a notable daily increase of 1.95%. This remarkable price movement underscores the ongoing bullish sentiment surrounding Bitcoin and the broader cryptocurrency market. Investors and enthusiasts alike have been closely monitoring Bitcoin’s…

Cardano sets the stage for Voltaire, the final part of its roadmap to achieve a fully decentralized blockchain ecosystem. This upgrade introduces a voting and treasury system, allowing stakeholders to influence the platform’s future development. Cardano Voltaire Upgrade Approaches Cardano’s development phases, or “eras,” are named after prominent figures in poetry and computer science, such as Lord Byron, Percy Bysshe Shelley, Joseph Goguen, Matsuo Bashō, and Voltaire. The initial three stages introduced a basic blockchain, decentralization, and smart contracts. The recent Bashō era focuses on scaling the blockchain, while the final era, Voltaire, introduces governance, voting, and treasury management functionality.…

XRP, the controversial Ripple-affiliated token, is “on track” to be a security in California, according to attorney Fred Rispoli. On Thursday, a civil securities lawsuit against the San Francisco-based company was given the green light to proceed. U.S. District Court Judge Phyllis Hamilton, who is presiding over the case, has ruled that it would be up to the jury to decide whether the token is a security in the context of retail buyers on an exchange. This is a major setback for Ripple since it marks yet another diversion from the ruling by Judge Analisa Torres. As reported by U.Today,…

NeurochainAI has introduced a new platform to make AI development more accessible worldwide. This platform aims to simplify the process of creating, releasing, and utilizing AI-powered decentralized applications (dApps) by combining machine learning with blockchain technology. NeurochainAI hopes that this integration will improve the scalability, transparency, and data security in AI applications. NeurochainAI’s platform has 82,000 registered users and 48,000 connected wallets. It is designed to foster community participation in AI model creation and validation. Their community-driven approach ensures the accuracy of AI models and enhances their performance, offering a unique advantage in the competitive AI market. “Our platform brings…

The price of bitcoin has exceeded $70,000, increasing by 2.1% during today’s trading sessions. This latest rise led to the liquidation of $27.75 million in bitcoin short positions. Bitcoin Trades Above $70K, Leading to Multi-Million Dollar Liquidations Bitcoin (BTC) is up 2.1% today and 3% over the past seven days. The price has also risen 12% over the last 30 days against the U.S. dollar. As bitcoin crossed $70,000, its trade volume surged from over $10 billion to $21.58 billion. Tether (USDT) is the largest trading pair with bitcoin, accounting for more than 41% of trades, while the stablecoin FDUSD…

Key Points: Optimism, Ethereum’s Layer 2 solution, achieves the Stage 1 decentralization milestone by integrating fault proofs into its smart contracts. This development, in line with Vitalik Buterin’s framework, signifies enhanced security and decentralization for Optimism’s OP Stack. Ethereum’s Layer 2 solution, Optimism, has achieved a significant milestone by integrating fault proofs into its smart contracts, as announced by its development team, OP Labs. Optimism’s OP Stack Now Officially Entered Stage 1 2 Optimism’s OP Stack Reaches Decentralization Milestone The development marks Optimism’s OP Stack entering what Ethereum co-founder Vitalik Buterin terms as “Stage 1” of decentralization, a crucial step…