Author: NBTC

Ethereum’s much-anticipated Dencun upgrade went live Wednesday morning without a hitch, ushering in a new chapter for the blockchain that is poised to substantially lower transaction costs across Ethereum layer-2 networks and massively expand the blockchain ecosystem’s capabilities. Just before 10 a.m. EST, the Dencun upgrade was successfully implemented. It will now take a period of about a month or two for settlement contracts across all layer-2 networks to incorporate the update. Once they do, gas fees on layer-2 networks should immediately fall by 75%, Terence Tsao, a developer of Ethereum layer-2 network Arbitrum, previously told Decrypt. Screenshot of Ethereum…

JPMorgan Chase & Co., a well-known American Investment Bank has found itself in hot water as it faces a $348.2 million fine by two US bank authorities. Banking Giant Facing Allegations of Financial Misconduct According to the announcement, the Federal Reserve in collaboration with the Office of the Comptroller of the Currency (OCC), imposed this penalty on the banking giant for failing to appropriately supervise both firm and client trading activity for market misconduct. The regulators stated that the misconduct took place between 2014 and 2023, almost a decade long. Specifically, the OCC highlighted JPMorgan’s failure to monitor billions worth…

As Bitcoin approached its ATH of $69,000, meme tokens also made an attack. While Dogecoin (DOGE), Shiba Inu (SHIB) and Pepecoin (PEPE) differentiated positively from the market with their rise, PEPE recorded an increase of more than 60%. Giant whales turned this rise into an opportunity and took some profits while taking action. According to Lookonchain’s post, a whale who bought PEPE from the top in 2023 bought 600B PEPE (worth $1.04 million) from Binance. This whale proved to be patient and held PEPEs for 10 months without selling. The whale’s patience paid off and he deposited 200B PEPE ($1.48…

In a significant move for the cryptocurrency community, OKX, a global leader in digital asset exchanges, has announced its support for the upcoming Ethereum Dencun mainnet upgrade. This marks a pivotal moment for Ethereum, as the network continues its journey towards increased scalability and efficiency. The Dencun mainnet upgrade, a part of Ethereum’s ambitious “The Surge” roadmap, is scheduled to take place at approximately 1:55 PM UTC on March 13, 2024. To facilitate this major network upgrade and the associated hard fork, OKX will suspend all deposits and withdrawals for Ethereum network tokens, including ETH, Arbitrum (ARB), Optimism (OP), zkSync…

Bitcoin price traded to a new all-time high above $69,000 before crashing. BTC is now consolidating near $63,000 and might decline toward the $60,000 support. Bitcoin price created history again and traded to a new all-time above $69,000. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $66,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses and revisit the key $60,000 support zone. Bitcoin Price Takes Hit Bitcoin price extended its increase above the…

While Bitcoin (BTC) has been taking the bulk of the attention in the ongoing crypto market rally, Ethereum (ETH) has been far from idle. Not only has it seen a major price increase through the previous months that has taken ETH to highs not seen since late 2021, but the development team has continued actively rolling out upgrades. The most recent of these, the Dencun upgrade, went live on Wednesday, March 13, and is primarily aimed at bolstering the efficiency of the blockchain’s mechanisms for storing information with the ultimate goal of drastically reducing gas fees. Can ETH hit $5k…

The crypto VC space is seeing renewed interest from high net-worth individuals and family offices after a year of relative quiet, according to Struck Capital founding partner Adam Struck. Struck highlighted in an interview with Cryptonews Thursday that US Spot Bitcoin ETFs have rapidly altered the VC industry’s mindset. Significant involvement from institutions like BlackRock and Fidelity has played a key role. “Most of our Limited Partners that we’re speaking to… they are realizing that crypto as a whole is an asset class,” he said. “It’s something that should be maybe a small part of a very diversified portfolio. And…

Charles Hoskinson accused the cryptocurrency subreddit of biased censorship against his projects. Hoskinson pointed out that any association with IOG, Cardano or himself is met with negativity or an outright ban on the subreddit, with no room for neutral or positive discourse. Hoskinson emphasized the importance of the Ecosystem Development Index (EDI), a metric he believes is crucial for the industry, backed by scientific research and assessed by objective university-affiliated researchers. However, his support for the project has led to its dismissal on the subreddit, revealing what he describes as an inherent bias among some community members. Responding to allegations…

Coinbase has expanded its offerings to include nearly a dozen new digital assets exclusively for a certain group of users. Some of the affected cryptocurrencies have launched a rally, aligning with the overall bullishness in the market. One of the biggest cryptocurrency exchanges – Coinbase – announced that users could start dealing with nearly a dozen digital assets, such as Voxies (VOXEL), Celestia (TIA), Hivemapper (HONEY), Velo (VELO), and more. It is important to note that the service is available only to German residents, as those who want to take advantage of it need to refresh their mobile application. VOXEL,…

In a striking turn of financial events, gold and Bitcoin (BTC) have both soared to record-breaking highs, signaling a shift in investor sentiment that appears to diverge from traditional expectations related to monetary policy and interest rate cuts. Analyst Noelle Acheson recently highlighted these trends, noting that their timing coincides with a period where anticipations for reductions in the US Fed’s interest rates are being deferred — pointing to underlying factors beyond just monetary policy influencing these markets. Contrasting trends While the Federal Reserve maintains interest rates above 5%, the simultaneous ascents of gold and BTC prices suggest that other,…