Author: NBTC

The Bitcoin halving is here. On Friday, just after 8 p.m. ET, the Bitcoin network successfully underwent its programmed reduction in newly issued BTC. After the 840,000th Bitcoin block was created, successful miners now earn 3.125 BTC per block completed, in addition to network transaction fees. Representing the fourth halving event in Bitcoin’s history, the moment was widely anticipated by the crypto community in recent weeks. Meanwhile, the price of Bitcoin was up slightly for the day, just under 1%, trading at around $64,000, according to data from CoinGecko. The change in Bitcoin’s software boils down to its goal of…

Since the 2021 NFT summer, mainstream celebrities have forayed into Web3 and crypto, but most have ditched the industry for other endeavors, while others still hold assets. Data provided by Arkham Intelligence showed that the five celebrities with crypto holdings and the most followers on Elon Musk’s X primarily held Ether (ETH), or NFTs. Ex-U.S. President and Republican candidate Donald Trump boasted the highest digital asset net worth, valued at $7 million. Trump’s biggest holding was around $5.1 million in proceeds from the NFT collection titled TRUMP, but a corridor for more digital asset associations could open. Trump recently hinted…

In a significant move, Ripple partner Peersyst announces that new amendments to the XRPL EVMSidechain have been activated following community approval. The two amendments that have been applied will enable new transaction fees in XRP and the activation of Cosmos IBC. On May 1, Peersyst launched two new key proposals, 33 and 34, to upgrade the network, to adjust XRP fees and enable IBC and Cosmos tokens, respectively. ✅🗳️Amendments 33 and 34 for the #XRPL #EVMSidechain are now applied!3⃣3⃣New tx fees in $XRP are set 💰3⃣4⃣@cosmos #IBC is now activated! 🌐 @interchain_ioCheck it out all governance updates here 👉https://t.co/IySpsDICinDon’t miss…

Brazilian authorities have upheld a ban on the use of crypto donations to fund political parties and candidates’ electoral campaigns in the country. In a ruling published on its website, the nation’s electoral court (Tribunal Superior Eleitoral, or TSE for short) wrote that it would “maintain” an existing “ban on the use of donations made in cryptocurrency.” The TSE’s ruling covers the period up until the 2024 municipal elections. Polls are slated for October 6 this year. A run-off vote is scheduled for October 27. Blow to Community as Brazil Upholds Crypto Donations Ban Brazilians go to the polls in…

Learn what crypto tokens are and the difference between them and coins. Explore their uses, types, and how they operate within blockchain networks. As you learn about cryptocurrencies, you’ll notice that various terms such as cryptos, tokens, coins, and more often arise. Usually, you’ll see that people use the terms token and coin loosely and interchangeably. However, the terms have entirely different concepts and meanings. Coins are the primary medium of exchange for blockchain networks. Crypto tokens, on the other hand, are extra assets built on existing blockchain networks and are not vital for the networks to run. While each…

Bitcoin has officially executed a systematic, hard-coded and highly anticipated event known as the halving. The event, which happens roughly every four years, essentially cuts the Bitcoin reward that miners receive for powering the network in half, reducing the new supply of BTC entering the market. The reward for mining a block has reduced from 6.25 BTC to 3.125 BTC. The halving does not directly impact the price of BTC and is not like a stock split. Instead, it fulfills and showcases Bitcoin’s scarcity, its ever-decreasing rate of inflation and its steady climb to a maximum supply of 21 million…

The Hong Kong-listed spot crypto ETFs saw huge outflows on Monday, data from Farside Investors shows. Investors pulled nearly $40 million out of the six spot bitcoin and ether ETFs on the first day of the week. The Hong Kong-listed spot bitcoin and ether exchange-traded funds (ETFs) saw heavy outflows on Monday following bitcoin’s drop below $61,000 on Friday. The spot bitcoin ETFs from issuers ChinaAMC, Harvest Global, as well as Bosera and Hashkey, saw a combined $32.7 million outflows on Monday, according to data from Farside Investors. This number is significantly higher than previous outflows, which hovered around the…

The LayerZero Labs team hinted at information that may disqualify the majority of airdrop hunters who farmed the expected ZRO airdrop for some two years. LayerZero CEO Bryan Pellegrino reportedly said that less than 15% of wallets that interacted with the protocol would be eligible for the upcoming airdrop scheduled for this year’s first half. On May 8, WuBlockchain cited a private Telegram message where Pellegrino supposedly espoused doubts regarding the validity of most addresses. In the text, the LayerZero Labs co-founder noted that fewer than three million out of six million possible addresses had only made a single transaction.…

The Blockchain Center of the University of Zurich has closed an academic partnership with Meta Pool DAO. Within the framework of this new academic alliance, students from various Latin American countries will be able to study at the Blockchain Center of the University of Zurich. Both organizations have made history, as this is the first time the academic institution has partnered with a Decentralized Autonomous Organization. The initiative will allow for an exchange of knowledge between the leading international blockchain protocols and Latin American students. The partnership reflects the fundamental principles of a DAO , which are transparency, participation, and…

The quadrennial event is seen as a momentous occasion in the crypto community. Various factors may make this halving an event like no other in Bitcoin’s history. Soccer has the World Cup. Athletics and many other sports have the Olympics. Crypto has the Bitcoin halving. The once-every-four-years bitcoin (BTC) reward halving took place at 00:09 UTC on Saturday, when the 840,000th block was added to the Bitcoin blockchain. The halving, which cuts the reward bitcoin miners receive for adding new blocks by 50%, occurs every 210,000 blocks – in accordance with the original programming when the blockchain’s elusive creator, Satoshi…