Author: NBTC

Alex Thorn, head of firmwide research at Galaxy Digital, recently expressed skepticism about the approval of spot Ethereum ETFs in May. The Securities and Exchange Commission’s (SEC) failure to actively engage with ETF applicants and recent subpoenas issued to cryptocurrency firms regarding their dealings with the Ethereum Foundation have cast a shadow of doubt over the approval, according to the analyst. Fortune reported this week that the SEC was “waging an energetic legal campaign” to classify ETH as a security, citing U.S. companies that have received subpoenas related to an investigation. Thorn, a former Fidelity Investments employee, said that if…

Crypto traders are transitioning from Solana-based meme tokens to the growing market of Coinbase’s Base meme coins. This movement reflects a broader trend in the industry, where liquidity and market sentiment drive investment decisions. From Solana to Base Meme Coins Rekt Fencer is a seasoned analyst who reportedly amassed over $1 million through Solana meme coins. He is leading the charge toward Base tokens. Fencer’s transition is not only a change of blockchains but a testament to the hype around cryptocurrency investments. He also emphasizes the untapped potential of Base tokens, which could yield high returns. Likewise, another analyst under…

A couple months out of bankruptcy, bitcoin mining giant Core Scientific remains “hyper-focused” on de-leveraging its business and scooping up machines after the Bitcoin halving. Core Scientific CEO Adam Sullivan told Blockworks the company is gearing up its balance sheet to refresh its fleet with per-block mining rewards set to be cut in half next month. Mining rewards are set to drop from 6.25 BTC to 3.125 BTC in late April due to a Bitcoin halving event that happens roughly every four years. The occurrence is expected to put a segment of the industry’s companies under financial stress. At that…

Recently, PlayDapp announced that it plans to launch its long-awaited blockchain mainnet to foster the development and expansion of its ecosystem.—PlayDapp has decided to launch its mainnet through the Avalanche subnet to expand its Web3 business. As a result, PlayDapp will move away from supporting the existing public multi-chain to operate an independent chain with self-verification nodes as its mainnet.Avalanche is known for its low transaction costs and high scalability, offering improved scalability through a subnet structure that allows for the creation of customized blockchains tailored to specific enterprises.Wen Lee, Director of Business at PlayDapp stated, “We plan to operate…

Ethereum, a pioneer in blockchain technology, continues to innovate and improve. With each upgrade, the Ethereum network evolves, addressing challenges and expanding its capabilities. The upcoming Ethereum Pectra upgrade promises significant improvements to scalability, efficiency, and functionality. One of the primary focuses of the Ethereum Pectra upgrade is the adjustment of validator stakes. Currently, Ethereum validators face constraints due to the effective balance cap set at 32 ETH. This limitation not only complicates operations for large-scale staking endeavors but also hampers the accrual of rewards on balances exceeding this threshold. For entities managing numerous validators, such as exchanges like Coinbase,…

Cryptocurrency analysis company Santiment announced in its statement the 10 altcoins that developers focused on the most in the last 30 days. Santiment created this analysis based on Github activities. The team stated that it did not include duplicate and spammy entries that altcoin developers could add on Github to its analysis. Here are the altcoins and developer scores that developers focus on the most, according to Santiment data: Chainlink (LINK) – 451.23 Cardano (ADA) – 444.7 Status (SNT) – 434.5 Optimism (OP) – 411 Hedera (HBAR) – 387.73 Polkadot (DOT) – 385.43 Kusama (KSM) – 385.43 Internet Computer (ICP)…

Every four years, we experience a bonus day in February, the United States elects a president (ideally one supportive of Bitcoin), the Olympics take place, and we witness a significant event called the Bitcoin halving. In the grand scheme of things, four years may seem relatively short. However, in the realm of Bitcoin mining, where changes in the geographical landscape, hash rate growth, and industry efficiency are big factors, a lot has occurred since the previous halving event. This feature is part of CoinDesk’s “Future of Bitcoin” package published to coincide with the fourth Bitcoin “halving” in April 2024. Amanda…

Crossmint, a Web3 development platform renowned for collaborating with global brands like Microsoft (MSFT), Etihad Airways, Johnnie Walker, and AC Milan, is teaming up with Astar and Hakuhodo KEY3 to accelerate the adoption of Web3 technologies among Japan’s largest enterprises, as per the information shared with Finbold on March 25. The collaboration relies on Crossmint’s impressive track record and developer tools to integrate seamlessly with the Astar blockchain, which recently launched its zkEVM with over 50 projects already onboarded. With the establishment of Hakuhodo Key3, dedicated to developing and promoting Web3 services for the largest Japanese enterprises on the Astar…

The availability of Bitcoin (BTC) on Over-the-Counter (OTC) desks has sharply decreased, with reports suggesting that at one point, only about 40 BTC were available for sale. This news has significant implications for the market and could herald a new era in BTC trading dynamics. OTC Desks Had 40 Bitcoin Available On Wednesday Caitlin Long, the CEO and founder of Custodia Bank, provided an eye-opening account of the current state of the OTC Bitcoin market. Through a series of posts on X (formerly Twitter), Long noted, “The #HODLgang has mostly held…I spent time in NYC over the past couple of…

Following the successful launch of Ethereum Dencun Upgrade, a move that elicited excitement among community members as 15,000 ETH were moved, developers are already on to the next thing amid talks on whether to include MaxEB in Electra. The development team is currently evaluating additional features for inclusion in the upgrade and is expected to make a final determination within the next one to four weeks. Christine Kim, a researcher in the crypto space, in a series of posts on her X page emphasized the significance of parallel initiatives being pursued alongside the Electra upgrade. Two critical initiatives were highlighted.…