Author: NBTC

Welcome to Decrypt’s Week in Polkadot, our regular round-up of the latest developments in the Polkadot ecosystem. Funding platform hits Polkadot Polimec, a new decentralized and community-centric funding protocol, has officially launched on Polkadot. The platform allows its community members to assess and support Web3 projects, granting them access to funding information and project evaluations, and allowing them to join funding rounds. The protocol, according to Polimec, is specifically built with compliance with U.S. regulatory standards in mind, and users must first obtain a Deloitte KYC Credential before they begin to invest. Members of the platform can choose to become…

Avail, a blockchain “data availability” project spun out of Polygon in early 2023 that has raised $75 million of funding, is finally launching. The project’s main network was set to go live on Tuesday, along with a native token, AVAIL, according to a press release. Data availability, or DA for short, is the specialty of cheaply and efficiently storing reams of transactional data produced by blockchains, such as layer-2 networks atop Ethereum. Avail joins a growing field of projects, including first-mover Celestia, that aim to capitalize on increasing demand for the service as blockchain networks grow. “The launch of Avail…

Battle royale gaming titan Fortnite could utilize blockchain in the future, Epic Games founder and CEO Tim Sweeney said this week—but cryptocurrency will not feature in the game. “Perhaps someday,” Sweeney tweeted in response to Game Fund Partners co-founder Jonah Blake, who asked the Epic head if blockchain will be used in Fortnite soon. But this would not be in the way that many people would think, “as we’ve plainly said many times we aren’t adopting cryptocurrency or NFT trading or similar,” Sweeney added. Instead, he is more interested in the “underlying idea” of blockchain, calling it “awesome.” Specifically, Sweeney…

The massive selling pressure on Bitcoin continues, with the BTC price falling another 7.5% in the last 24 hours, dropping its price below $54,000. The recent selling pressure and decline has led to bankrupt cryptocurrency exchange Mt. Gox wallets became active again and started moving Bitcoins to BitBank and other addresses. There is only one question in mind right now: Where will the decline in Bitcoin stop? A post on this subject was also made by CryptoQuant CEO Ki Young Ju. Ki Young Ju warned investors that BTC may see a short-term correction towards $47,000. The famous CEO pointed out…

Foundry is launching a new program that allows miners to contribute a part of their mined coins to Bitcoin developers. Bitcoin (BTC) mining firm Foundry said in a Tuesday press release that it wants to support the development of the Bitcoin ecosystem with a new initiative that allows miners in the U.S. to contribute part of the mined coins to blockchain developers. The initiative dubbed Foundry Donate connects miners in Foundry USA Pool with trusted organizations approved by the IRS as 501(c)(3) entities, allowing direct donations to core developers. The New York-headquartered firm says the system settles all the donations…

MetalSwap, a prominent decentralized company that permits swaps across financial markets, has recently disclosed a new integration. As per the platform, Chainlink, a universal forum for financial institutions and developers pioneering the global markets’ future on-chain, has integrated with it. The firm took to its official X account to offer insights into this endeavor. .@MetalSwapNet has integrated #Chainlink CCIP and Automation to unlock liquidity and help enhance security for its protocol.Battle-tested Chainlink infrastructure enables DAOs to innovate in the onchain ecosystem. pic.twitter.com/DnNySKGfn4 — Chainlink (@chainlink) July 22, 2024 MetalSwap Announces Integration with Chainlink for Efficiency and Interoperability In its recent…

Billy Markus who is known on Twitter/X as Shibetoshi Nakamoto and who created Dogecoin together with Jackson Palmer in 2013 is a popular crypto influencer on the above-mentioned social media platform. He has issued a tweet as the Bitcoin bloodbath continues, making a dark ironic statement. These statements started on Thursday, when the world’s largest cryptocurrency fell close to the $57,000 price level. Bitcoin falls through bottom, Markus comments Dogecoin co-creator took to the X platform on the US Independence Day to make a combination of an ironic comment on the Bitcoin collapse and a celebratory tweet related to July…

Bitcoin miner IREN (formerly known as Iris Energy) is the latest crypto mining company looking to profit from the artificial intelligence market boom, according to its July 23 Analyst & Investor Day presentation. The planned presentation shows that the firm will launch a GPU pilot at its Childress site in Prince George. This follows the miner’s July 16 appointment of banking giant Morgan Stanley as its financial advisor to evaluate monetization opportunities in the AI data center market. Is IREN ready for AI pivot? This move comes less than two weeks after short seller Culper Research questioned IREN’s capacity to…

Quantum computing, once a theoretical concept, is now quickly advancing and reshaping our understanding of data processing. Unlike traditional computers using bits, quantum machines leverage qubits, which can exist in multiple states at once. This makes them significantly more efficient than traditional computing systems when tackling complex problems. For the blockchain sector, the rise of quantum technology poses a significant threat to cryptographic systems that underpin blockchain security. Current encryption methods, such as Rivest-Shamir-Adleman (RSA) and Elliptic-Curve Cryptography (ECC), are widely used in networks like Bitcoin and Ethereum. Their core strength lies in their complexity, which traditional systems can’t crack.…

Although Bitcoin started July well, it experienced sharp declines due to the sales pressure brought by many events. While German government sales and Mt.Gox refunds are thought to be effective among these, the answer to the only question is now: How far can the decline in Bitcoin go? Below 50 Thousand Dollars Not Possible in Bitcoin! Speaking to Decrypt, Basile Maire, co-founder of the decentralized exchange called D8X and former UBS executive, said that it is unlikely that Bitcoin will fall below $ 50,000. According to the economist, the short-term outlook for Bitcoin is bearish, but the situation is not…