Author: NBTC

In a significant development for the cryptocurrency industry, FTX, the exchange that collapsed in November 2022 under the leadership of convicted Sam Bankman-Fried, is preparing to distribute a staggering $16 billion in cash to its customers, which could lead to significant gains for Bitcoin (BTC) and Solana (SOL) prices. Crypto researcher Xremlin has predicted that a considerable portion of this cash will flow back into the crypto market, serving as a catalyst for growth towards the end of the year. FTX $16 Billion Cash Injection In a recent social media post, Xremlin highlighted the significance of the distribution, emphasizing that…

As the focus turns toward web3, scalability is becoming a challenge for blockchain networks, preventing them from matching traditional financial systems. Advanced cryptographic techniques, such as zero-knowledge proofs (ZKPs) and scaling solutions like ZK rollups, are emerging as key solutions. Zk rollups involves bundling thousands of transactions off-chain, reducing the main blockchain’s data load while offering a high level of privacy and faster finality times. Experts like Vitalik Buterin believe it could become central to blockchain scalability strategies. The Ethereum co-founder has penned several pieces explaining his vision about rollups to scale Ethereum, which has been plagued by network congestion…

Lower Bitcoin fees are creating problems for miners. After the recent halving, daily average network fees spiked, providing some relief to Bitcoin miners. However, as the initial rush of users to the Runes protocol has cooled off, fees have decreased, leading to renewed pressure on miners facing slashed rewards. The higher fees had temporarily alleviated some post-halving stress on miners. For example, transaction fees accounted for 16% of BTC earned by Marathon Digital in April, a significant increase from 4.5% in March. This spike in fees helped offset some of the financial strain caused by the halving, which typically forces…

Smart contract proxy upgradeability allows developers to update the logic of deployed smart contracts while preserving the contract’s state and address. This provides flexibility to fix bugs or add features but also introduces potential risks. Smart contracts, self-executing agreements on blockchain networks, traditionally operate as immutable code once deployed. This immutability is a cornerstone of trust in blockchain technology, ensuring that contract terms cannot be altered unilaterally. However, the inability to modify contracts post-deployment can pose challenges, mainly when bugs are discovered or improvements become necessary. Proxy-upgradeability in smart contracts Proxy-upgradeability addresses this limitation by introducing a two-contract system. A…

SEC delays decision on Ethereum ETF S-1 drafts as analysts shifted their potential launch date again. Ethereum whale risks liquidation if ETH declines to $2,984. Ethereum breaches key support amid key insight from CME open interest. Ethereum is down more than 5% on Thursday following the Securities & Exchange Commission’s (SEC) failure to approve ETH ETF issuers’ S-1 drafts. Meanwhile, the recent decline has strengthened the bearish outlook after ETH moved below a key support level, sparking $90 million in long liquidations. Daily digest market movers: SEC yet to approve ETH ETF Despite its light comments on issuers’ S-1 drafts,…

In a recent post, Cardano’s creator, Charles Hoskinson, addressed concerns about the blockchain’s scalability. He highlighted the availability of sufficient funds in the treasury to support an ambitious Leios, Hydra and ZK program if the community chooses to pursue it. Hoskinson also highlighted the potential for a parallel approach, citing the existing infrastructure and talent within the Cardano (ADA) ecosystem. He expressed optimism about the potential for rapid progress, citing the substantial enhancements witnessed over the past two years. The Cardano community has been engaged in discussions regarding scalability, particularly in light of the blockchain’s growing competition, including platforms like…

OKX, a pioneer in Web3 solutions, has enhanced its wallet functionality to support Blinks, a new feature for the Solana ecosystem. Announced on July 5, 2024, this integration allows OKX Wallet users to execute Solana token and NFT transactions directly from social media platforms such as X (formerly Twitter) and Discord, without incurring any transaction fees. This groundbreaking development is poised to simplify and democratize the user experience by making blockchain interactions more direct and accessible from everyday digital spaces. The integration of Blinks with OKX Wallet marks a leap forward in blockchain accessibility. Users of OKX can now engage…

Halliday, the commerce automation network for modular chains, has announced the public launch of its network. With more than 26 partners thus far and support from prominent investors like Andreessen Horowitz and Hashed, the platform wants to make its technology available to a broad range of businesses and commerce apps. Halliday’s network streamlines digital commerce across blockchain ecosystems and contributes to the mainstreaming of technology by addressing the fragmented user experience and technical gaps that now impede blockchain-based payments. Griffin Dunaif, CEO of Halliday said: “Current blockchain commerce solutions lack user-friendly interfaces and present integration challenges for developers. We are…

Popular Japanese anime and manga series “Attack on Titan” is set to enter the crypto gaming world through a collaboration with The Sandbox, an Ethereum metaverse game. The collaboration, announced Monday, will create an interactive “Attack on Titan Land” within The Sandbox’s virtual world. The Sandbox, along with companies Minto and Copro Corporation, received authorization from IP owner Kodansha Ltd. to produce NFTs and develop the themed area. The collaboration aims to bring the post-apocalyptic world of the franchise to life in a new interactive format. “’Attack on Titan’ is much more than a Japanese manga series set in a…

Ah, the wild west. John Wayne, the Man with No Name, Billy the Kid and Jesse James. The frontier has a way of capturing everyone’s imagination – young and old. The cowboys, the outlaws, the gold prospectors. A land of opportunity and harsh cruelty. Unforgiving yet irresistible. Bitcoin was once such a frontier. The early days were rife with scams, “criminals” and underground markets. The underbelly of the internet embraced it first. It was an agora filled with foreign and obscure figures. It thrived as a counterculture, void of any rules and regulations. No government to protect you from yourself.…