Author: NBTC

Ethereum co-founder Vitalik Buterin said Thursday that the amount of “usage” he’s seen from layer-2 networks following last week’s milestone Dencun upgrade has been lower than expected. In response to a question submitted by Rug Radio at ETH Taipei on Thursday, Buterin hedged when asked whether Dencun’s implementation has been better than he expected. “It depends what you mean by better,” the prominent crypto developer replied. Buterin proceeded to laud Ethereum’s developers for implementing the update “flawlessly,” before reflecting on what he considered to be Dencun’s lackluster contribution to network traffic on layer-2 networks since going live last Wednesday. “The…

US Presidential candidate Robert F. Kennedy Jr. He voiced his strong support for Bitcoin in a recent interview, citing its importance for commercial freedom. Kennedy, who bought Bitcoin for his children last year, confirmed that he still holds BTC. “My kids are very, very happy about it,” he said. When asked about the role of Bitcoin and calls for a ban from members of Congress, Kennedy criticized the reasons behind such proposals. “They want it banned because they get money from BlackRock, Morgan and all the big globalist banking monopolies that make money off inflation and make money by the…

TrueUSD, the dollar-pegged stablecoin affiliated with Justin Sun, has seen its market cap collapse more than 50% from $1.29 billion on March 15 to $615 million on March 22, according to data from CoinMarketCap. This mass redemption of TrueUSD follows Binance’s delisting of several TrueUSD pairs on March 15. TrueUSD spent much of February struggling to maintain its peg, falling as low as $0.95. TrueUSD’s market cap has collapsed from $1.29 billion to $615 million during March. A review of the attestations provided by TrueUSD also seem to show that it no longer has United States treasury bills in its…

Japanese telecoms companies are moving into the web3 space, with a subsidiary of the communications giant NTT set to launch a crypto wallet. Per the Japanese media outlet Project Design Online, NTT Digital will launch its wallet “by the end of 2024.” The company has partnered on the project with the US-based now.gg platform. The wallet is intended for corporate use, and will be named the Scramberry Wallet for Business. Japanese Telecoms Companies Eye B2B Crypto Market Nippon Telegraph and Telephone (NTT) is Japan’s biggest telecoms provider. Its NTT Digital arm is dedicated to web3 and blockchain technology. The firm…

A mysterious Bitcoin address is amassing BTC as the race to a new all-time high continues. According to data from Bitinfocharts, the whale’s wallet now holds over 54,164 BTC–worth around $3.2 billion. A “whale” is an investor who hoards large amounts of cryptocurrency. Because of the size of their Bitcoin holdings, a whale’s moves garner a lot of attention among blockchain sleuths, especially on crypto Twitter. In April, a wallet from the early days of Bitcoin moved over $11 million in BTC after being dormant for 12 years. That same week, another Bitcoin wallet moved $8 million in BTC after…

Decentralized physical infrastructure networking (DePIN) is one of the quickest increasing sectors within Web3. It is influencing individuals in more ways than one in the physical world. DePIN takes the help of incentives for encouraging the provision for a framework that boosts computer rendering to EV charging. For example, Helium is constructing a decentralized wireless network that will come with the fastest growth option globally. It is a mobile service provider that provides $20 monthly for 5G connections via its Helium Mobile network. In the words of the CEO of Helium Foundation, Abhay Kumar, it connects the providers with the…

Decentralized content-sharing platform Solmedia has announced its integration of the Solana blockchain with the latest Filecoin on-chain InterPlanetary File System (IPFS) technology. The enhancement, supported by Solmedia’s native token MEDIA, enables users to benefit from Solana’s high-speed blockchain infrastructure and Filecoin’s secure decentralized storage, which aims to ensure user content is protected and remains unaltered by unauthorized changes or access. A senior representative from Solmedia shared that the company is focused on maintaining free speech and transparency in the Web 3.0 space. The use of Solana and Filecoin, in conjunction with the MEDIA token, is intended to provide users with…

On Saturday, March 2, the valuation of bitcoin cash witnessed a significant increase, climbing over 40% within a 24-hour span to reach a peak of $451 each. This upward trend is attributed to the anticipated halving event, set to happen in 16 days, and the forthcoming 2024 upgrade, which is expected to implement an adaptive block size limit algorithm. Bitcoin Cash Rises Sharply on Halving and Upgrade Forecast Over the weekend, bitcoin cash (BCH) saw its value against the U.S. dollar soar by more than 40%, and over the past month, it has surged by 88%, significantly outpacing BTC’s 30-day…

Meme coins on Solana continue to epitomize crypto’s infamous gambling aspect, where participants may make or lose a fortune with a few clicks. Lookonchain highlighted a trader’s loss of 263.5 Solana (SOL) valued at $46,000 after investing in meme coin LADYF on March 22. The crypto user bought over $50,000 worth of the meme token shortly after it was listed. Minutes later, the coin plummeted, and the trader sold it to recover only 36.49 SOL, about $6,200. According to Dexscreener, LADYF skyrocketed more than five million percent seconds after launching, but the coin has declined ever since. The token’s name…

In a major development, Polyhedra Network has unveiled a groundbreaking method for verifying Zero-Knowledge (ZK) proofs directly on the Bitcoin blockchain. The Polyhedra team discovered a new way to verify Zero-Knowledge (ZK) proofs on. With this, the world’s most popular cryptocurrency’s scalability and efficiency will improve greatly. Our team has developed a novel method for verifying ZK proofs directly on the Bitcoin blockchain, promising significant scalability improvements. 🔍 #Bitcoin #ZKhttps://t.co/ymT1EpLEnr — Polyhedra Network (@PolyhedraZK) March 22, 2024 Polyhedra Network Introduces FRI ZK Proofs for Bitcoin Verification Polyhedra’s breakthrough is crucial to Bitcoin’s history. People are getting more excited about important…