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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Cardano Ranks Top Among Blockchain With the Most Dead Coins: Report

According to a recent report by AlphaQuest, Cardano is among the top chains hosting “Dead Coins.” The research group analyzed over 12,000 crypto projects, arriving at some crucial conclusions, including the death of most of those projects. In a recently uploaded video, an Altcoin Buzz host analyzed AphaQuest’s report, revealing that 72% of all crypto projects created during the 2020-2021 bull run have died. The analyst noted that Cardano and Terra ecosystems are among the top 10 categories with the most dead coins. He further revealed that the average lifespan of most crypto projects lasts only three years. Notably, AlphaQuest…

Altcoins

Celestia’s Blobstream goes live on Arbitrum Orbit

Celestia, the pioneering modular blockchain network, announced this week the deployment of its data availability solution, Blobstream, on Arbitrum Orbit. This move enables layer 2 (L2) and layer 3 (L3) networks built on the Arbitrum platform to leverage Blobstream for enhanced scalability and cost-effective operations. Blobstream is now live on @Arbitrum One. Developers can soon deploy Orbit chains with Celestia underneath on @Arbitrum One and @Base, the first modular DA integration with *working Nitro fraud proofs* 🏎️ pic.twitter.com/8OfAOFkBat — Celestia (@CelestiaOrg) April 2, 2024 Developed by Celestia in collaboration with Succinct, Blobstream uses zero-knowledge proof to authenticate blockchain information efficiently.…

Blockchain

Bitcoin Price to Test $60K, Analyst Warns Ahead of FOMC Decision

Prominent crypto analyst Michaël van de Poppe has issued a warning to Bitcoin (BTC) investors, suggesting that the premier cryptocurrency could soon test the $60,000 mark. The forecast comes as Bitcoin displays signs of a bearish trend, with recent price actions capturing the attention of many in the crypto space. Van de Poppe explained that Bitcoin had reached an area of interest to him. He expressed his belief that the price might stay pretty much the same, suggesting that it could test the $60K level around the time of the U.S. Federal Open Markets Committee (FOMC) meeting. He also mentioned…

Bitcoin

NodeMonkes leads NFT sales with a sharp drop

Bitcoin-based NodeMonkes is Monday’s top-selling non-fungible token (NFT) collection over the 24 hours to noon ET, despite a 46.88% drop in sales to US$2.01 million, according to CryptoSlam. NodeMonkes cooled down after a hot weekend that included a US$3.78 million Sunday, its best single-day performance since mid-March. Two Solana collections, Froganas and Tensorians took the second and third spots respectively, both recording almost US$1.5 million in sales. Froganas topped the charts last Friday while Tensorians led the market last Wednesday. Ethereum-based CryptoPunks had a 152% increase in sales, reaching US$1.23 million. CryptoPunk 2306, changed hands for 320 ETH, roughly US$1.095…

NFT

Week in Review – March 4 – March 10

General Updates Neo released its general monthly report for January 2024, which noted the alpha launch of Neo X TestNet, the addition of a new office in Hong Kong, and more. Neo introduced the Neo Japan Community, dedicated to growing the ecosystem in that region of the globe. Neo Japan Community includes dedicated socials such as X, Medium, Telegram, and Discord and is aimed at making Neo ecosystem information available to the Japanese speaking market. FameAI launched an AI brand ambassador, a female character named Naeomi, dedicated to the Neo blockchain. Naeomi is designed to leverage AI to market the…

Altcoins

Coin98 Integrates Kava EVM, Advancing DeFi Access

A major player in the cryptocurrency space, Coin98 has achieved an important milestone by integrating Kava EVM into its platform. Coin98’s integration marks a significant advancement within the Kava Chain, an independent component underpinning the broader Cosmos ecosystem. A critical layer within the Kava blockchain, Kava EVM shares the open-source Ethereum’s Virtual Machine architecture. Coin98 Super Wallet now integrates Kava EVM – a pivotal component within the @KAVA_CHAIN, uniquely blending EVM compatibility with the enriched features provided by the Cosmos SDK. For further details on the user's benefits following the integration 👉 https://t.co/Ct9dzaR0XF… pic.twitter.com/5gCNmoBNtp — Coin98 Super Wallet (@coin98_wallet) April…

Blockchain

Solana NFT Marketplace Tensor's Token Debuts to $640 Million in Trading Volume

Airdrop season continues to dominate the crypto industry, and today is no different with the arrival of Tensor’s token launch. The Solana NFT marketplace launched its TNSR token, with more than $200 million worth of tokens up for grabs via airdrop rewards and over$640 million worth of trading volume on the market in the seven hours or so since it launched. TNSR is currently priced at $1.60 per token, according to data from CoinMarketCap, down 33% from a high of $2.45. Newly launched tokens are typically known for their fluctuating values, so this isn't unusual. On the other hand, new…

NFT

Theta EdgeCloud to support 3D rendering tasks

Theta Labs said that Theta EdgeCloud will extend its support to upcoming 3D rendering tasks. What makes it unique in the market is its ability to leverage the best high-end GPU power and edge nodes distributed across the globe. EdgeCloud will now implement two technologies to serve its purpose: innovative cloud compute task scheduling and assignment technologies to intelligently assign and route compute tasks. The text-to-3D generative rendering tasks lie at the core, with the entire process divided into two stages. The first stage involves low-resolution 3D mesh optimization, while the following stage involves high-resolution rendering plus optimization into the…

Altcoins

What you need to know about the IRS’s crypto question on tax returns

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. There is a lot of talk about crypto investors and tax compliance, but a yes or no question can be surprisingly substantial. The IRS is asking everyone about crypto transactions. A variation of this seemingly innocuous question appears at the top of Forms 1040, Individual Income Tax Return; 1040-SR, U.S. Tax Return for Seniors; and 1040-NR, U.S. Nonresident Alien Income Tax Return, and was revised for 2023 returns to update wording. The question was also added to…

Regulation

Witness Chain announces enabling DePINs on the Ethereum network

Witness Chain recently announced that it is enabling DePINs on the Ethereum network. The announcement was made on the official X account of Witness Chain. The string of tweets talked about how Witness Chain is using Polygon Labs and EigenLayer CDK for the development. The blockchain company also named the ventures affiliated with the program over X. Witness Chain’s DCL (DePIN Coordination Layer) is now the very first physical state consensus protocol that can unify a siloed DePIN infrastructure. In the future, DePINs can be used to share value, bootstrap infrastructure, and access better financial tools. With the DCL, the…

Blockchain