Author: NBTC

The overall supply of ether dropped to its lowest level since August 2022. With a total of fewer than 1.12M ETH issued, almost 1.56M ETH has been burnt since Merge. The pace of decrease in the ether supply is also at its quickest since May 2023. According to statistics from ultrasound.money, the supply of ether has been decreasing at a rate of 0.872% per year during the previous 30 days. To put that in perspective, the rate of decrease has been 0.246% since The Merge itself. Dencun, the most recent update to Ethereum, went live on March 13. However, the…

The dog-themed cryptocurrency Shiba Inu (SHIB) has presented a compelling use case for its upcoming token, TREAT. Lucie, a Shiba Inu team member, shared this on X (formerly Twitter). SHIB’s Solution Powered by Zama“Initially, Shib’s solution powered by Zama will run on $TREAT, one of the Shiba ecosystem’s tokens developed to serve multiple purposes, including providing liquidity to the $SHI stablecoin, eventually replacing the $BONE token as the reward… pic.twitter.com/FexZhIsXWY — 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼‍♀️ (@LucieSHIB) February 29, 2024 Shib recently announced a strategic collaboration with Zama, an open-source cryptography business that creates innovative Fully Homomorphic Encryption (FHE) solutions for…

The Crypto Council for Innovation (CCI) has filed an amicus brief on March 18 in support of Coinbase challenging the Securities and Exchange Commission (SEC) denial of its rulemaking petition. In December 2023, the SEC denied Coinbase’s petition for rulemaking. Coinbase has argued that the SEC has acted arbitrarily. An amicus curiae are briefs written by individuals or groups who are not directly involved in a legal case. The brief is a written submission to a court in which an amicus curiae – literally a “friend of the court” a person or organization which is not party to the proceedings…

Fighting game AI Arena looks very similar to Nintendo’s Super Smash Bros. series, with cartoonish combatants brawling for supremacy. What’s immediately obvious is that, of course, the game doesn’t feature the likes of Mario and Donkey Kong trading blows in iconic locales. What’s less obvious, however, is that there’s nobody mashing buttons to make these characters kick, punch, hop, and occasionally launch foes into the distance. They’re all controlled by artificial intelligence—but each AI has been meticulously trained by an individual human player. That’s the unique hook of AI Arena, which shakes up the familiar-looking fighting action by reorienting the…

RACE has announced the launch of the testnet of its full-stack blockchain ecosystem designed to tokenize investable assets, following a successful $5 million fundraising effort. The platform aims to offer accredited and institutional investors a novel way to engage with high-value real-world assets (RWA) such as aircraft, real estate, and art. “We have spent years building this tech stack to connect investors with the most high-end assets in the global market,” Miguel Buffara, Lead Finance Engineer at RACE, stated. “By empowering clientele to invest in assets from around the globe, tokenized on-chain, RACE is kicking off a new era of…

Velar, a DeFi liquidity protocol built on Bitcoin, announced today the mainnet launch of Dharma, its new Automated Market Maker (AMM) inspired by Uniswap V2. Dharma is designed to broaden the DeFi functionalities available on Bitcoin, potentially unlocking the network’s trillion-dollar potential. LIFTOFF! 🚀 Velar’s AMM is now live with STX<>aeUSDC & STX<>aBTC trading pairs, unlocking decentralized trading on Bitcoin! This changes EVERYTHING! Join the revolution as we reshape #DeFi, making trading seamless & accessible! The future is here with #Velar Dharma! 🟧 pic.twitter.com/KYoh8Y9i8n — Velar (@VelarBTC) March 19, 2024 The new launch followed last year’s successful tesnet launch, attracting…

Ethereum price started a downside correction below $3,650. ETH traded below $3,500 and is currently attempting a decent recovery wave in the near term. Ethereum started a downside correction below the $3,700 zone. The price is trading below $3,700 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,660 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $3,750 resistance zone. Ethereum Price Dips Ethereum price started a downside correction below the $3,800 and $3,700 levels, like Bitcoin. ETH declined below…

Prominent figures in the XRP community have argued that the XRP tokens locked in escrow by Ripple have a fundamental role in turning the asset into a global reserve currency. This sentiment came from Edward Farina, Head of Social Adoption for XRP Healthcare, and Versan Aljarrah, the founder of Black Swan Capitalist. Recently, Farina and Aljarrah conducted a live session discussing XRP’s potential as a global reserve currency, a conversation that gained renewed attention following a recent report by The Crypto Basic. In particular, the report highlighted statements from the CEO of a German venture capitalist firm, who asserted that…

The Financial Conduct Authority (FCA) has released its Business Plan for the 2024-2025 financial year, outlining a comprehensive work program to improve consumer and market outcomes. This plan marks the final year of the FCA’s three-year strategy to prevent serious harm, set higher standards, and promote competition in the financial sector. The FCA’s priorities for the upcoming year include protecting consumers by ensuring firms meet the high standards set by the Consumer Duty, supporting long-term financial wellbeing through the Advice Guidance Boundary Review, and ensuring pension products deliver value for money. The regulator also aims to contribute to UK competitiveness…

Changpeng “CZ” Zhao, the founder of cryptocurrency exchange Binance who stepped down as CEO in November in a settlement over federal money laundering charges, announced plans Monday to launch a new nonprofit online education platform called Giggle Academy. “Let’s make basic education accessible and entertaining to children all around the world,” he wrote on Twitter, noting that Project Giggle is hiring and that one of the benefits is the chance to work directly with him. “Free basic (grade 1-12 ish) education for all, no revenue, gamified, adaptive,” he explained, providing a link to the Project Giggle concept paper and website.…