Author: NBTC

Nearly $100,000 in BTC was vaporized on invalid Rune Protocol mints, according to Bitcoin Ordinals and Runes explorer Ord.io. On Wednesday, the specialized tracker tweeted that 1.365 BTC (worth approximately $97,662) was lost by users attempting to mint Rune 777, also known as LEEROY JENKINS. Runes is a fungible token protocol on the Bitcoin network that lets users “etch” and mint tokens on the world’s largest blockchain. “The way Runes minting works is there is a mint window in which all Runes minting transactions are valid,” pseudonymous Ord co-founder Leonidas explained to Decrypt—for example, from block 840,000 to block 841,000.…

Hardhat Chad proposes rewarding users with SOL tokens for testnet activities on Solana. This incentivizes community involvement in testing, aiming to enhance platform performance. Mixed community responses highlight diverse opinions on addressing Solana’s congestion issue. Solana, a blockchain network renowned for its speed and scalability, recently faced a significant challenge as users encountered a surge in failed transactions, with the failure rate soaring to a staggering 75%. The congestion issues rattled the community, prompting urgent measures to resolve the situation. In response to this pressing issue, Solana is taking proactive steps by launching its first update to mainnet validators. This…

As Bitcoin teeters close to its previous peak, discussions about its next big price targets have reignited. Among the voices contributing to this conversation is Samson Mow, the CEO of Jan3 and a prominent Bitcoin advocate. Recently, on X (formerly Twitter), Mow expressed his belief in Bitcoin’s imminent rise to $100,000, a milestone he sees as a stepping stone toward an eventual value of $1 million. His forecast is based on events triggered by breaking past the all-time high of $73,750 in March. Critical Factors To Drive Bitcoin Price To $100k Target Mow outlines a cause-and-effect scenario that could catapult…

Emin Gün Sirer of Ava Labs says Avalanche was never marketed as an “Ethereum killer,” stressing though its ability to deploy independent blockchains, unlike Ethereum. The head of Ava Labs, Emin Gün Sirer, says Avalanche “was never ever” designed to be an “Ethereum killer,” adding that the definition was developed by marketing managers at Consensys, a blockchain tech firm founded by Joseph Lubin, one of the co-founders of Ethereum. Addressing the misconception at the Token2049 conference, Sirer noted that Avalanche “has always been complimentary to Ethereum.” “We never ever marketed Avalanche as an Ethereum killer. That is a phrase that…

Today, Prom has announced the integration of TRALA, a new GameFi project, into its ecosystem. TRALA is an all-in-one gaming platform aimed at uniting Web3 and Web2 gaming communities. By creating a single GameFi environment, TRALA makes gaming accessible. It also engages players regardless of their experience with cryptocurrencies. Prom Integrates TRALA Into the EcosystemWe’re thrilled to welcome another GameFi project in our ecosystem, @TRALA_Official, an all-in-one gaming platform.TRALA is building a bridge between Web3 and Web2 gaming communities, creating a single GameFi environment that is… pic.twitter.com/hrXyp7wJS1 — Prom (@prom_io) June 10, 2024 TRALA Aims to Make GameFi Accessible to…

Bitcoin’s price has risen roughly 2% in the past 24 hours, trending above $70,000, a psychological level. As bulls prepare for more gains, Willy Woo, an on-chain analyst, believes the coin could soar even higher after breaking above the all-important resistance level at $72,000. Will Bitcoin Soar To $75,000 Due To A Short Squeeze? Even after the spike on May 20 lifted the coin above $66,000 after days of lower lows, taking Bitcoin to $56,500, bulls didn’t follow through. As things stand now, Bitcoin is within a broader range, capped at $72,000, the first local support, and $73,800, the all-time…

A Bitcoin (BTC) decentralized ecosystem has been in rapid development in 2024, with its total value locked (TVL) jumping 263% so far and surpassing $1 billion, according to data aggregator DefiLlama. Nevertheless, as a nascent sector where builders try to create applications compatible with other blockchains, new security issues might surface while it grows. Shahar Madar, VP of Security and Trust at Fireblocks, shared with Crypto Briefing his insights on Bitcoin decentralized application risks and how mature the security of the decentralized finance (DeFi) ecosystem is. Crypto Briefing – Did you find any issues with the different applications built on…

Global search interest for non-fungible tokens (NFTs) remains at abysmally low levels despite the ongoing cryptocurrency rally, according to data provided by Google Trends. The aforementioned term attracted few search queries compared to “crypto” this year. This indicates cooling demand for the sector that defined the 2021 bull run. In March, the term “crypto” reached a value of 100, which indicates peak popularity. The term “NFT” paled in comparison to “crypto” with a value of just 10. The same trend could be observed in May, with NFTs failing to attract any substantial interest despite growing crypto prices. This marks a…

The prominent nine BTC ETFs have recently included a significant amount of tokens. As per Lookonchain (a well-known platform for on-chain analytics), the respective exchange-traded funds have added worth of nearly $862.79 million with these tokens. Bitcoin inflows into spot ETFs have been positive for a long period now as 15 days have past with variable inflows. The analytics platform took to social media forum X to provide the details about the respective ETFs. Jun 5 Update:9 ETFs added 12,165 $BTC($862.79M).#Blackrock added 3,894 $BTC(+$276.19M) and currently holds 295,457 $BTC($20.95B).#Fidelity added 5,378 $BTC(+$381.42M) and currently holds 170,611 $BTC($12.1B).https://t.co/CteFrs7Jck pic.twitter.com/aDr5Ijo83t — Lookonchain…

In recent years, the Defi revolution is full force. We are looking at new blockchain projects every day. Ranging from various industries. From finance, to gaming, everything is changing. These projects are doing so in various ways. By using blockchain technology to cut out the middlemen for example. And generally changing our entire perspective on everything money-related. This means more transparency, security, and efficiency across various industries. Let’s take a look at how DeFi is changing many industries, including online gambling. And why it’s important to make sure you’re playing legally when using crypto casinos. How DeFi Is Making an…