Author: NBTC

Ethereum Layer 2 network Scroll has announced a loyalty program aimed at rewarding community members. Scroll Sessions, according to the L2 solution’s team, is a program that will see ecosystem participants earn Scroll Marks for engaging across the network. The initiative offers rewards to users who bridge assets to Scroll. In particular, one will be eligible for Session Zero by bridging their ETH and wstETH, with more assets added in due course. How else will users receive Scroll Marks? Users will also accumulate Marks by staking ETH to get STONE and bridging to Scroll using omni-chain interoperability protocol LayerZero. Scroll…

With the Bitcoin halving event just a month away, the cryptocurrency market is witnessing a flurry of activity that could shape its trajectory for months to come. Key industry figures have begun sounding alarms over recent trends that signal a possible shift in the market dynamics. Why the Bitcoin Halving in 1 Month is a Big Deal The Bitcoin halving is a significant event coded into the Bitcoin protocol that occurs approximately every four years or after every 210,000 blocks are mined. During this event, the reward for mining new blocks is halved, meaning that Bitcoin miners receive 50% less…

The e-CNY Research Institute has been inaugurated to support advancements of China’s central bank digital currency (CBDC). According to a recent report by MPayPass, institute was unveiled at the “2024 Second e-CNY Industry Sustainable Development Seminar” in Suzhou, where industry experts gathered to mark the occasion. The Seminar was co-hosted by the Suzhou City Digital Finance Industry Federation and MPayPass. e-CNY Research Institute for Sustainable Development The e-CNY Research Institute would function as a think tank composed of experts committed to rational pragmatism and conservative innovation. Operating with a “joint expert construction” model, the institute aims to harness market dynamics…

Polkadot’s role in powering gaming innovation has continued to evolve with its Parachains. The protocol has seen a resilience in its price, drawing on broader ecosystem demand on DOT. Polkadot (DOT), a popular blockchain platform stands out as a promising force driving innovation in gaming through its robust infrastructure and support for smart contracts. This article looks into smart contract chains with game applications, and game-specific chains Polkadot has supported in the past. Innovative Projects on Polkadot’s Ecosystem Some of the game applications and innovative projects connected to Polkadot as revealed on its official X account include the Ajuna Network,…

American Senators Kirsten Gillibrand and Cynthia Lummis have formally introduced a new legislative proposal aimed at regulating stablecoin operations. After several months of anticipation, the details of their collaborative effort, known as the Lummis-Gillibrand Payment Stablecoin Act, were disclosed. Introduced on April 17, the proposed legislation aims to implement strict guidelines for the issuance and use of stablecoins. Specifically, the act targets “unbacked, algorithmic stablecoins,” likely referring to incidents like the TerraUSD (UST) crash in 2022. The legislation mandates that stablecoin issuers maintain one-to-one reserves and establishes comprehensive regulatory frameworks at both state and federal levels. Moreover, it seeks to…

In the intricate world of technology, particularly within blockchain and networking, the term “node” frequently surfaces, often leaving beginners perplexed. This article aims to demystify nodes by exploring their fundamental role in various technological realms, including computer networking, blockchain technology, and beyond. What is a Node in Computer Networks? In the broadest sense, a node is any electronic device that connects to a network, whether it’s a computer, printer, or any other device capable of sending, receiving, or forwarding information over a communication channel. In computer networking, nodes are essential components that facilitate the flow of data across the network.…

Bitcoin price growth could continue, a South Korean crypto analyst has predicted, as “crypto fever” slowly takes hold in the nation. According to Hanguk Kyungjae, the “consensus” among the nation’s “industry experts” is that Bitcoin (BTC) prices will keep going up. The media outlet said that forecasters think the coin “will continue its upward trend for the time.” But experts warned of a forthcoming “short-term adjustment in prices.” Bitcoin Price Growth: Potential for Further Rises? The media outlet quoted Ju Ki-young, the CEO of the Bitcoin on-chain analysis firm CryptoQuant, as saying: “If the market’s maximum degree of overheating is…

Traders on Polymarket now put the probability of the Fed holding rates steady in 2024 at 32%, compared to 7% in March. Traditional markets have scaled back expectations to two 25 basis points rate cuts from six in early January. The probability that the U.S. Federal Reserve (Fed) will keep interest rates unchanged this year is rising. Betters on blockchain-based betting site Polymarket now see a 32% chance of the Fed keeping the benchmark interest rate steady between 5.2% and 5.5% by the end of the year. That’s a significant change from the 7% probability seen nearly a month ago.…

In the recent week, bitcoin and ethereum have regained their pace, with a specific set of nine cryptocurrencies posting significant gains in the double digits. During this period, CKB enjoyed a 47.1% uptick, BGB ascended by 21.6%, and TAO increased by 19.3%. Highlighting the Week’s Crypto Victors and Losers On Monday, April 8, 2024, the cryptocurrency market experienced a 4.56% expansion to $2.7 trillion in the last 24 hours. The global trading volume saw a 44% rise from the previous day, now standing at $84.22 billion. Excluding BTC, ETH, and stablecoins, the highest volumes this week were captured by SOL,…

The U.S. Internal Revenue Service (IRS) has previewed what crypto investors’ future tax form might look like when it finishes its much-debated rule on how cryptocurrency transactions should be reported to the federal government. The IRS offered a draft of the 1099-DA form that would be meant to figure out the taxable gains or losses when brokered digital assets change hands. The form reveals the agency will likely have an array of individual token codes that can be filled in, and it includes spaces for wallet addresses and where to find transactions on the relevant blockchain. “Brokers must report proceeds…