Author: NBTC

FIFA migrates from Algorand to new EVM-compatible blockchain for NFTs FIFA outlines seamless transition to enhance digital collectibles security and future capabilities on new blockchain. FIFA Collect, a digital platform created by the Fédération Internationale de Football Association (FIFA) that allows football fans to collect, trade, and enjoy digital collectibles featuring iconic moments from football history, announced today it will migrate its NFT platform to a new EVM-compatible FIFA blockchain. The transition, scheduled to begin no earlier than May 20, aims to support enhanced performance, future features, and improved scalability for the platform’s digital collectibles ecosystem. According to FIFA, this…

The price of Bitcoin fell below $95,000 on Wednesday after the U.S. Bureau of Economic Analysis said that the economy contracted at an annualized rate of 0.3% in the first quarter, underscoring recession concerns tied to U.S. President Donald Trump’s tariffs. Economists expected the U.S. economy to grow at an annualized rate of 0.3% in the three months through March; however, Wednesday’s reading represented the first quarterly decline in economic growth since the first quarter of 2022, according to Trading Economics. Bitcoin was recently changing hands around $94,300, immediately falling after Wednesday’s snapshot, according to crypto data provider CoinGecko. Altcoins…

Scroll said Monday it has become the first Ethereum Layer 2 using zero-knowledge proofs to reach a critical development stage, allowing users to post transactions without relying on a central operator. In a post to X, Scroll touted its advances in security, scalability, and decentralization after claiming the project had reached “Stage 1” in its development. “While Scroll has always had a fully functional zk proof system, users previously had to trust the centralized sequencer to avoid censorship or downtime,” it said. “That’s no longer the case.” Scroll used to require users to trust a central system to process their…

What one hour ago was looking like another positive day in markets has turned decidedly negative as the latest economic data fueled growing stagflation fears. First up was ADP jobs numbers for April. Coming two days ahead of the government’s own employment data for April, the ADP report showed just 62,000 private sector jobs created this month, well shy of estimates for 108,000 and March’s 147,000. It was the weakest print since July 2024. Next was the government’s first estimate of first quarter GDP growth, which came in at negative 0.3% against estimates for positive 0.2%. While the quarter ended…

MOVE token’s price plummets to an all-time low due to a market manipulation scandal. Rentech, a middleman, deceived Movement, facilitating price manipulation through control over MOVE tokens. Binance banned Rentech’s account, while Movement Labs launched a buyback plan to restore investor trust. A massive scandal has shaken the crypto world, and it’s all about the MOVE token. What was supposed to be a successful launch for MOVE ended in disaster, causing its price to drop to an all-time low of $0.219. Behind this sudden collapse lies a financial deal that was supposed to boost the token’s success but instead led…

The Ethereum network is facing a “narrative crisis,” with its community splintering over ETH’s core value proposition. Once hailed as the foundation of Web3, the Ethereum ecosystem continues to endure shade, progressively putting its market edge under question. Crypto Leaders Debate Ethereum’s Narrative Crisis Zach Rynes, community liaison at Chainlink, argues that Ethereum lacks a unified economic narrative. He cites a divide that has left Ethereum vulnerable to constant narrative pivots. This, Rynes says, weakens investor conviction. “We still have two camps. Those who think revenue is the most important story (ultrasound money or some story about yield) and those…

Bitcoin staking protocol Solv, which has over $2 billion worth of BTC locked on its platform, announced Tuesday the launch of a Shariah-compliant yield product called SolvBTC.core. The new offering, a liquid staking token for BTC, has been developed in collaboration with the Core ecosystem, which offers a range of DeFi applications, including lending, restaking, liquid staking and decentralized exchanges. Created with guidance from Nawa Finance and accredited by Amanie Advisors for Shariah compliance, SolvBTC.CORE generates yield by securing the Core blockchain network and engaging in on-chain DeFi activities while adhering to Islamic finance principles. Solv Protocol enables BTC holders…

⚈ Bitcoin gained $120 billion in one day, nearing the $100k mark.⚈ Rally momentum suggests BTC could reach $200k by year-end.⚈ Bitcoin is trading like gold, diverging from falling stock markets. Over the last two weeks, Bitcoin (BTC) has broken its alignment with stocks and has been trading more like gold. Specifically, the world’s premier cryptocurrency entered a rally late on April 8 after falling to lows near $75,000 and accelerated the upsurge on April 20. The most recent trading has, by far, been the most dramatic, as BTC added $120 billion to its market capitalization in a day, with…

SHIZA, focused on AI and Web3, announced the launch of the “SHIZA Developer” beta version. The current AI landscape is in rapid evolution. They are looking to reach all technical profiles to create customized workflows with AI agents. SHIZA (Shared Human Intellect Zonal Agents), focused on AI and Web3, announced the launch of the open beta version of “SHIZA Developer”, a platform with which they intend to offer creators of all technical profiles to create customized workflows with AI agents. According to SHIZA’s perspective, the current AI landscape is rapidly evolving, and therefore concerns about job displacement have grown. This…

The Federal Reserve called stocks and real estate risky investments on Friday, dropping the warning just one day after loosening its grip on crypto rules. The Financial Stability Report, released by the Federal Reserve, said asset prices were still “notable” even though some markets took hits earlier this month. According to the report, “even after recent declines in equity prices, prices remained high relative to analysts’ earnings forecasts, which adjust more slowly than market prices.” The report also made it clear that Treasury yields across all maturities stayed near the highest levels anyone has seen since 2008. The Federal Reserve…