Author: NBTC

With the crypto market currently boasting nearly 15,000 tokens, there has never been a more pressing need for blockchain solutions that can help bridge different assets across different chains. According to recent market research, the global blockchain interoperability market is expected to grow to a cumulative valuation of $3 billion by 2034, thus underscoring the increasing importance of seamless asset transfer and interoperability within this burgeoning arena. In this regard, a number of innovative solutions have been working to address this challenge, including RenVM (Ren Protocol), a decentralized protocol enabling the transfer of cryptocurrencies between different blockchains. RenVM’s key features…

Several market analysts expect Bitcoin to rebound strongly in July after declining by around 7% in June. Last month, BTC faced heavy selling pressure from capitulating Bitcoin miners, who offloaded around $2 billion worth of their holdings due to falling revenue. The consistent selling activities of governments, including those of the United States and Germany, created additional selling pressure. However, some market observers believe BTC will recover from the June lows and record a strong July performance. Bullish July QCP, a Singapore-based crypto trading firm, said available indicators predict that BTC would have a “bullish July.” According to the firm,…

Dr. Peter Stonge, a well-renowned professor on X who educates the masses on economics and freedom, recently made a video on the acceptance of blockchain technology and CBDCs in Thailand, along with the corruption in the Thai government whose traces can be observed in other countries as well. We looked at the post to study real-time cases and build parallels with what Dr. Stonge had to say. Thailand bribes voters into a CBDC. Free cash — but only if you sign on for government surveillance. Here in the US, they’ll use “Universal Basic Income” to turn falling incomes into a…

OKX announced that the listing of the altcoin Layer3 (L3), which it had previously announced that it would list on July 30, was suspended. The exchange stated that the new listing time will be notified at a later date. OKX Suspends Layer3 (L3) Listing What is Layer3 (L3)? Layer3(L3) is a platform dedicated to creating interactive and educational experiences in the crypto space. It acts as a portal into the crypto universe, guiding users through various actions and rewarding them for their participation. Quests, the main feature of the platform, allow users to take many steps or actions, both on-chain…

Bitcoin miner Riot Platforms has intensified its acquisition strategy against rival Bitfarms by purchasing approximately 10 million additional shares this month, according to a July 31 filing with the US Securities and Exchange Commission (SEC). The SC 13D/A filing revealed that Riot now holds 71.56 million of Bitfarms’ total outstanding shares—valued at $159.1 million—equivalent to a 15.9% stake in the Canadian miner. This acquisition came shortly after the Ontario Capital Markets Tribunal nullified Bitfarms’ initial shareholder rights plan, which would have diluted outstanding shares if any single entity had acquired more than 15% of the company’s stake. Prior to this…

Polygon Labs built AggLayer as an “aggregation layer” that can create a web of different Ethereum layer 2s. AggLayer will serve to unify liquidity and users across MoveVM-based chains and Ethereum. Movement Labs, a blockchain developer aiming to bring Facebook (META)’s Move Virtual Machine (MoveVM) to the Ethereum blockchain, has joined Polygon Labs’ AggLayer. The collaboration will enable unified liquidity across layer-2 blockchains written in the Move smart contract language, according to an emailed announcement on Tuesday. “This integration makes Movement the first Move-based ecosystem to utilize the AggLayer, effectively bridging the gap between Move and EVM ecosystems,” Movement Labs…

Bitcoin, the leading cryptocurrency, rose above $63,000 as it tried to recover after June, which had sharp and sudden declines. While investors who have been struggling with the decline for a long time expect the rise to continue, analysts pointed out the potential resistance in front of BTC. At this point, Blockware Intelligence analysts, who discussed the trends of short-term investors, said that short-term investors are now facing losses. He said this group of investors has two options: “They may not sell even though they are at a loss, or they may sell at a loss.” According to analysts, if…

Jonathan Mann, known for creating a song daily for over sixteen years, and conceptual artist Brian L. Frye have filed a lawsuit against the US Securities and Exchange Commission (SEC). The case centers on whether NFTs representing digital art, such as those created by Mann and Frye, should be classified as securities under US law. Mann, who has written some of the most iconic crypto-related songs in the industry, wrote, “This song is a security” in protest. I’ve been writing a song a day for 16 years and 211 days. Today, I’m suing the SEC. (Yes, this is real) pic.twitter.com/QubAgbltr0…

Bitcoin and Ethereum will be the only two cryptos traded via ETFs in the near future, according to BlackRock’s senior exchange-traded fund executive. Speaking with Bloomberg TV, Samara Cohen, BlackRock’s chief investment officer for ETF and index investments, said while Bitcoin and Ethereum met the minimum expectations of the investment giant for ETFs, no other digital asset comes close. Cohen also said above and beyond any technical difficulties in bringing new ETFs to market, the appetite for other currency ETFs, particularly Solana, simply wasn’t there. yet. “We really look at the investability to see what meets the criteria, what meets…

Recently, Spotonchain, an analytics platform known for its detailed on-chain analysis, highlighted an intriguing transaction that may suggest emerging patterns in the crypto trading space. A notable transaction captured by Spotonchain involved a significant swap of Ethereum-based Wrapped Ether (WETH) for BANANA tokens. According to the platform’s latest report, a savvy trader exchanged 439.8 WETH, equivalent to approximately $1.5 million, for 21,183 BANANA tokens at an average price of $70.66. This transaction marks the trader’s second major move with BANANA, hinting at a deeper strategy or confidence in the token’s prospective value. 11 hours ago, a smart trader swapped 439.8…