Author: NBTC
Big news from the world of Layer-1 blockchains! Conflux (CFX), a network known for its unique Tree-Graph consensus mechanism, has just announced a significant move aimed at bolstering its economic stability. In a bid to counter recent inflationary pressures affecting the network, Conflux is set to execute a substantial CFX token burn. What’s Happening with Conflux CFX? According to an official announcement shared on the project’s Medium blog, the core team behind the Conflux blockchain intends to remove a staggering 76 million CFX tokens permanently from circulation. This isn’t just a proposal; the plan is to proceed with the burn,…
In his remarks presented at the Crypto Task Force Roundtable, SEC Chair Paul Atkins stated that digital assets deserve clear rules. He believes that crypto could offer huge benefits in terms of efficiency and cost reduction. Atkins criticized the previous SEC administration, which was spearheaded by former Chair Gary Gensler, for stifling the cryptocurrency market. As reported by U.Today, Gensler recently spoke about his anti-crypto policies during a CNBC interview, insisting that 99% of all digital assets are based just on sentiment. The new SEC boss has offered some words of praise for “Crypto Mom” Hester Peirce, who has been…
TL;DR Worldpay will begin accepting payments with USDG, a stablecoin pegged to the dollar, using the Solana blockchain, known for its speed and low costs. This integration will allow merchants to conduct fast, affordable global transactions without relying on traditional banks. Furthermore, it boosts the adoption of stablecoins as a viable alternative in international commerce, positioning Solana as a key infrastructure within the digital financial ecosystem. Worldpay, one of the world’s largest payment platforms, has taken a decisive step toward crypto adoption by integrating USDG into the Solana network. This stablecoin, issued by Paxos Digital Singapore and backed 1:1 with…
A trading expert is projecting that Bitcoin (BTC) could spike by almost 50% by August 2025, based on the asset’s long-term bullish trend. According to an analysis by TradingShot, the possibility of Bitcoin reaching $140,000 by August is based on the fact that the digital currency has completed a critical “Triple Cluster Support” rebound on its weekly chart. In an X post on April 25, TradingShot noted that the rebound, which pushed Bitcoin toward the $95,000 resistance, occurred at three major technical levels: the 50-week moving average (MA), the former record high trendline, and the higher lows zone of the…
Digital asset investment products experienced modest inflows of $6 million last week, which highlighted a “mixed” investor outlook. The week started with small inflows, but mid-week data showed stronger-than-expected US retail sales, which, according to CoinShares, likely caused $146 million in outflows. According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, Bitcoin led the largest flows of the week, with mixed sentiment reflected in intra-week movements, ultimately ending with modest outflows of $6 million. Short Bitcoin products experienced outflows of $1.2 million, continuing a seven-week streak totaling $36 million, or 40% of assets. Ethereum recorded yet…
Popular XRPL dUNL validator Vet cautions XRP community members against spreading unvetted hype about XRP’s integration into the federal banking system. In a recent tweet, Vet urged XRP enthusiasts to stop sharing WhiteRock’s proposal to integrate the XRP Ledger (XRPL) into the Federal Banking System. WhiteRock Writes to Fed About XRP For context, an entity named ‘WhiteRock’ proposed the initiative in a letter addressed to the Federal Reserve’s Board of Governors on April 24, 2025. According to the letter, Noam Levy of WhiteRock requested a meeting with the Fed’s Board of Governors to discuss the potential integration of XRPL into…
Nike is facing a lawsuit from a group of buyers of NFTs who said they lost hundreds of thousands of dollars when the sportswear giant closed its digital collectibles arm, RTFKT. The lawsuit was filed on Friday in Brooklyn, New York. Lead plaintiff, Australian investor Jagdeep Cheema, claims Nike’s move to shut down RTFKT in December 2024 abruptly wiped out the NFTs’ value. The digital assets were made and sold under the brands Nike and RTFKT. Buyers have complained that Nike pulled the plug on the project without warning. The NFTs have since cooled off. Some of the NFTs stopped…
OKX CEO Star Xu declared that the crypto exchange is preparing to launch a new product called Pay Wallet next week to boost broader crypto adoption. In a recent post, the crypto exchange’s CEO revealed screenshots of the firm’s latest product that will be unveiled next week. Xu said the purpose of the new product would be to drive crypto adoption forward and get more new users onboard. We will launch OKX Pay Wallet next week. It’s a road to billion users crypto adoption! Looking forward to try it! @okx @wallet pic.twitter.com/zRpa1XzHqC — Star (@star_okx) April 25, 2025 “We will…
In the past seven days, Bitcoin (BTC) has steadily climbed from $84,000 to over $94,000 as investors rekindle interest. Despite Bitcoin’s fluctuations to a low level, CryptoQuant, a leading on-chain platform, has shared an analysis supporting $90,000 as the newest support level for BTC. Bitcoin’s dormant capital reawakens to boost momentum As per the analysis, “apparent demand” for Bitcoin, a metric to measure buying interest in BTC, has gone up. This measures the changes in one-year inactive supply, and the sharp rebound saw it rise from a negative demand of -200,000 BTC. This signals that dormant capital has reentered the…
During a Wednesday ask-me-anything (AMA) session, Cardano founder Charles Hoskinson predicted that Ethereum would not be able to survive over the next decade. “So, I don’t think Ethereum will survive, you know, more than 10 years to 15 years,” he said. He has predicted that users will eventually migrate to other places. Hoskinson has compared Ethereum to Blackberry, the once-dominant smartphone maker that went extinct due to the success of Apple’s iPhone. According to Hoskins, who also co-founded the flagship altcoin, the Ethereum Foundation (EF) did three things wrong. First, he claims that Ethereum has the wrong protocols. “They have…