Author: NBTC

Ryan Rasmussen, a senior researcher at Bitwise Asset Management, has noted that Ethereum, the second-largest blockchain network, managed to generate more revenue than major public companies of the likes of Etsy, Yelp, and Reddit in the first quarter of 2021 . Ethereum generated more revenue than Robinhood, Etsy, Yelp and Reddit in Q1 2024.Probably nothing. https://t.co/OYYWrYvdZx — Ryan Rasmussen (@RasterlyRock) June 10, 2024 According to data provided by Coin98 Analytics, Ethereum achieved record transaction fee revenue of roughly $1.2 billion. This marked a 79% increase compared to the previous quarter. Ethereum’s transaction fees recorded a significant uptick in March due…

Despite the ongoing bloodbath across the broader crypto market, Shiba Inu’s L2 scaling solution, Shibarium, has continued to witness a spike in adoption. This is marked by a resurgence in the number of daily transactions on the network, which plunged to below 6,000 on April 10. Shibarium’s daily transaction activity has skyrocketed ever since, reaching 562,980 at press time, according to data from Shibariumscan. With the daily transaction activity surging to around 562,980, the total transaction count is now at 416,865,226 (416.86 million). It bears mentioning that Shibarium transaction activity spiked majorly in December 2023, as the network averaged around…

With the up-and-coming rise in cryptocurrency adoption, many new investors are flooding the crypto scene quickly to realize that diversifying portfolios is the game’s name here. Hence, they turn to swap apps with cross-chain capabilities. The ability to quickly exchange funds between distinct blockchains is a powerful tool in an investor’s repertoire. Let’s review our top pick for the top three promising apps for cross-chain swaps. CrowdSwap It is a shining star within the DeFi sphere. They provide a state-of-the-art platform that enables efficient and user-friendly cross-chain swaps. Many of our readers probably already know about this platform due to…

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…