Author: NBTC

Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They automatically execute and enforce agreements when predetermined conditions are met without intermediaries. Smart contracts are deployed on blockchain networks, which run on decentralized nodes, ensuring transparency, immutability, and security. The efficacy of smart contracts in blockchain technology is found in its capacity to automate and expedite many procedures and transactions, hence avoiding the necessity of conventional intermediaries like banks, attorneys, or escrow services. This lowers expenses and delays while also boosting security and trust since smart contracts follow pre-established guidelines that are stored on…

CrossSpace, a leading platform in the realm of social mining and content investment, has recently unveiled an exciting partnership with TOZ Universe. It is an innovative Web3 community Metaverse featuring the renowned Anipang IP. This partnership is promising for both platforms and will boost user experiences and global Web3 networks. @CSpaceOfficial🤝@TOZUniverse We are super excited to partner with TOZ Universe, a Web3 community metaverse that includes the 3D Profile Avatar (PFA) “FAM NFT” and the metaverse space “ANIPANG WORLD.” We will unlock a whole new world of NFTs & Sogafi!!!Check partnership… pic.twitter.com/1MFuQw4FGq — CrossSpace Official ⚛️ (@CSpaceOfficial) March 15, 2024…

Legendary trader John Bollinger’s recent commentary has sparked widespread attention from the crypto community. Bollinger, renowned for his expertise in market analysis, has raised concerns regarding the recent volatility in Bitcoin’s price. Bollinger’s assertion, subtly implying that the recent downturn in Bitcoin’s value might be more significant than anticipated, has left investors and enthusiasts speculating on the underlying reasons behind the drastic price movement. He suggests that while occasional profit-taking is expected, the extent of the recent decline prompts questions about factors such as leverage and the presence of weaker investors on the market. We expect profit taking at new…

Dog-themed crypto currency Shiba Inu (SHIB) has skyrocketed by 1,948% in an on-chain indicator that gauges the level of investor confidence and market sentiment. The Holding Time of Transacted Coins indicator from IntoTheBlock estimates the average amount of time coins are held before being transacted or traded. The average holding period of transacted coins for SHIB has climbed since Feb. 26, demonstrating that favorable investor sentiment has grown in tandem with price increases. On March 3, the average time of holding transaction coins for SHIB increased to two years. Meanwhile, the volume of these coins rose to 24.57 trillion SHIB.…

South Korea plans to launch a tracking system that aims to ensure virtual asset users aren’t avoiding taxes. The National Tax Service has chosen a consulting firm to develop a sophisticated system for overseeing these assets, local outlet Digital Daily reported Monday. It will be capable of analyzing and managing transaction data related to digital currencies. The Tax Service has reportedly chosen GTIC as the company to develop the virtual asset integrated management system. This decision was reportedly made at the end of February, initiating a consulting project expected to last about four months. The report highlighted a significant surge…

Orbofi AI has formed a partnership with Core Chain. Through this, they will introduce a transformed way of online content building. There will also be the bringing in of the democratization of AI-generated assets and tokenization. For the uninitiated, Orbofi is an AI engine in the Web3 space, whereas Core Chain is a rapidly growing EVM adaptable Blockchain boosted by Bitcoin. Orbofi comes with an extensive user base, reaching a figure of more than 250,000. With the help of the partnership, they will initiate an uninterrupted platform meant to build and tokenize AI-produced content and AI agents. This will utilize…

RealVision CEO Raoul Pal, a former Goldman Sachs hedge fund manager, suggested that periods of significant liquidation offer favorable buying chances for Bitcoin. His comments came after Bitcoin hit a new all-time high above $69,000, before tumbling to around $63,000 on Tuesday. After the price correction, CoinGlass data showed that the crypto market saw more than $1.17b in liquidated positions. More specifically, around 296,908 traders faced liquidation, totaling about $817m for long positions and about $234m for short positions. “Days like today when there’s liquidation, that’s a great day to put some money at work,” Pal said in a RealVision…

Worldcoin’s adoption continues to grow despite the growing privacy concerns from several jurisdictions. According to its website, registered users on its platform have reached almost 4 million in less than a year after its launch, registering more than 600,000 accounts within the past week. Worldcoin, a crypto project co-founded by Sam Altman, is a blockchain-based initiative that allows individuals to validate their human identity through iris scanning. Upon successful verification, users receive a “World ID” credential that can be seamlessly integrated into future applications, proving they are human. Notably, the project recently announced its integration with several prominent online platforms,…

The cryptocurrency market in Poland is set to face increased oversight as the government moves to implement the European Union’s Markets in Crypto-Assets (MiCA) regulation into domestic legislation. The draft law, which aims to regulate and supervise the issuance, trading, and provision of cryptocurrency services, will grant the Komisja Nadzoru Finansowego (KNF) new powers, including the ability to block crypto accounts. Under the proposed legislation, the FSC will have the authority to independently block the accounts of cryptocurrency holders for 96 hours (4 days) if there is suspicion that a transaction may be linked to the commission of a crime.…

The average transaction costs on layer solutions like Optimism and Base slide after Ethereum’s Dencun upgrade. The upgrade allows layer 2 solutions to store data in “blobs” instead of the expensive call data. Ethereum’s Dencun upgrade went live on Wednesday, introducing a mechanism to reduce costs associated with transactions on layer 2 solutions that batch and compress transactions before sending them to the mainnet. The latest information shows the upgrade is living up to expectations. According to blockchain analyst Marcov’s Dune-based tracker, the average cost of transactions on scaling solution Optimism has dropped to nearly 4 cents, down significantly from…