In A Nutshell Ernst & Young (EY), a leading member of the “Big Four” accounting firms, has recently introduced an innovative solution called the EY OpsChain Contract Manager (OCM), which utilizes zero-knowledge proofs (ZK-proofs) on the Ethereum blockchain. This groundbreaking development is designed to aid private companies in managing complex contracts with enhanced efficiency, confidentiality,…
In A Nutshell The Reserve Bank of New Zealand (RBNZ) is paving the way for a digital future by exploring the issuance of a Central Bank Digital Currency (CBDC), dubbed the digital dollar. This initiative is part of a broader effort to modernize the nation’s financial infrastructure in response to the declining use of cash…
In A Nutshell Investors have withdrawn over $74 million from the Solana-based real estate betting platform, Parcl, following its recent airdrop. This significant outflow of funds occurred after Parcl announced the distribution of its native PRCL tokens to eligible participants, marking a notable decrease in the platform’s total value locked. The event has sparked discussions…
In A Nutshell Venture capital (VC) investment strategies in the GameFi sector have evolved significantly from the previous bull run to a more calculated and sustainable model. While ‘Fear of Missing Out’ (FOMO) initially propelled investments, today’s VCs are applying a more rigorous vetting process, focusing on project quality and long-term viability rather than hype….
In A Nutshell: Bitcoin’s Bullish Potential Amid Bearish Concerns On-chain data and market analysis suggest that despite current bearish trends, Bitcoin (BTC) retains the potential to surge to remarkable highs, possibly reaching $91,000 in this cycle. Factors such as the leverage flush, the NVT Ratio, and insights from on-chain analysts like Will Woo underline a…
In A Nutshell The Bitcoin community is on the verge of experiencing one of its most significant events — the 2024 halving. This event, which slashes the reward for mining new blocks in half approximately every four years, is anticipated to have profound implications for both the mining sector and Bitcoin’s market value. As the…
In A Nutshell In the week following the recent halving event, Bitcoin Cash (BCH) experienced a significant downturn, with both its open interest (OI) and market price witnessing notable declines. The OI for BCH plummeted by 47%, falling from a peak of $708.5 million to $378.3 million, as reported by CoinGlass. Concurrently, the price of…
In A Nutshell Ethereum’s forthcoming Pectra hard fork, anticipated between late 2024 and early 2025, promises a revolutionary feature aimed at enhancing user convenience and security. The introduction of a “social recovery” tool as part of Ethereum Improvement Proposal (EIP) 3074 could potentially render the loss of private keys less problematic for users. This upgrade…
In A Nutshell El Salvador broadens its Bitcoin adoption strategy by venturing into real-world asset tokenization, introducing a unique investment opportunity in a new Hilton hotel. This initiative, facilitated by Bitfinex Securities, marks El Salvador’s first tokenized asset raise, allowing investors to buy tokenized shares on the Bitcoin layer 2 Liquid Network. Tokenizing Real Estate…
In A Nutshell Ethereum maintains its stability amidst the volatile cryptocurrency market, but the spotlight turns to Polkadot (DOT), which experienced a notable 20% drop over the last month. Despite this decline, emerging technical patterns and growing network activity suggest potential for a bullish turnaround. This article dives into the factors that might fuel DOT’s…