Author: NBTC

In the span of just six days, the nine freshly launched spot bitcoin exchange-traded funds (ETFs) have gathered 20,859.57 bitcoins, valued at over $1.3 billion. Holding 474,363.55 bitcoins worth $30.6 billion, these new ETFs are short of 25,636.45 coins to hit the 500,000 milestone. Excluding GBTC, Fidelity’s FBTC and Blackrock’s IBIT Dominate Bitcoin ETFs In Terms of Reserves Held Since their debut on Jan. 11, 2024, the new spot bitcoin ETFs, excluding GBTC, have significantly increased their bitcoin holdings. Among the nine U.S. funds, Blackrock’s IBIT leads with a hefty reserve of 242,829.94 BTC, valued at $15.6 billion according to…

In a series of ongoing court trials linked to Terraform Labs’ fraud claims tied to the 2022 implosion of its TerraUSD stablecoin, one former employee testifies how working with Terraform was rife with pitfalls. Brian Curran, former head of communications at Terraform, told a Manhattan federal jury on Monday that spearheading public relations for the company made him “angry.” Curran tried to be “transparent” to users while doing PR for Terraform, however, the company asked him to write false posts. He further said that working with Do Kwon, the beleaguered founder of Terraform, was troublesome, a report from Law360 revealed.…

Parallel, a science fiction trading card game with support for non-fungible tokens (NFTs), is coming to Epic Games Store following its latest $35 million funding. The developers of Parallel announced on the project’s X account on Apr. 3 that the NFT card game will be added to the lineup of video games available on the Epic Games Store (EGS) marketplace. Although a specific timeline wasn’t provided, the developers mentioned that the integration would enable players to download the game directly from the EGS platform, adding that players can already wishlist the game. Parallel is Coming to Epic Games Store!Soon you’ll…

In order to protect users and market integrity, Binance announced that certain spot trading pairs have been delisted following a routine review of their listings. Binance Announces Removal of Two Spot Trading Pairs for Quality Assurance The decision to delist certain trading pairs is due to factors such as insufficient liquidity and trading volume, in line with Binance’s commitment to maintaining a high-quality trading environment. Binance will cease trading of the following spot trading pairs effective at 6:00 AM on April 5, 2024: LDO/TUSD and WING/BTC. It is important to note that the removal of these trading pairs does not…

Conduit proudly introduces the successful release of L5s, a tremendous advance in blockchain technology, and provides a breakthrough scaling solution. Unlike the existing technology, this innovative adaptation offers a new deployment mechanism for Blockchain layers, allowing users and developers a much easier and smoother experience. By including L5s, Conduit is moving one step forward and leaping to becoming the leader in the blockchain scaling space. Via the Conduit app, adding layers from L2 to L5 levels is as simple as some clicks. So, an end-user needs to pick an L4 network as his settlement layer; with that, he can easily…

In recent years, attention towards layer two (L2) scaling solutions for Bitcoin has persisted, though bitcoin capacity in the Lightning Network has seen a decline. In recent years, other varieties of L2 solutions have emerged, capturing the attention of the crypto community. On March 19, 2024, the lead developer at Blockchair unveiled L2 Watch, an exhaustive compilation of active and in-development Bitcoin L2 networks. The Landscape of Bitcoin L2 Solutions Many are likely unaware that, since late November 2023 or over the last 90 days, the amount of bitcoin (BTC) held within the Lightning Network has decreased from 5,530 BTC…

Ripple Labs’ development arm, RippleX, has issued an important update on the proposed XLS-40 amendment, which would integrate native support for W3C Decentralized Identifiers (DIDs) on the XRP Ledger. Ripple stated in a recent tweet that a minor edge case has been discovered in the XLS-40 decentralized identity spec that may lead users to create empty DID objects. A fix to this issue has been proposed and is currently under review, which will be introduced as a new amendment. 2/ Ripple’s validator has not yet cast a vote for #DID, and we do not plan to vote for it until…

Bitcoin and its proof-of-work algorithm have long been criticized for its excessive energy consumption by environmental groups. A new Bitcoin layer-2 staking network called Social Network aims to change this using an Ethereum Virtual Machine (EVM) and an NFT-based mobile scavenger hunt tied to its mainnet launch. While some Bitcoin fans may jump at the chance to own another digital collectible, Social Network—a network for earning staking rewards, not a “social network” in the Facebook/Twitter-like sense of the term—says its aims are more socially beneficial. “Social Network is one of the projects we’re contributing to the most right now, which…

Binance is pleased to announce that the Binance Inscription Marketplace now accepts ARC-20 tokens. ARC-20 is a fungible token standard based on the developing Atomicals Protocol on Bitcoin. Binance is a trusted global blockchain ecosystem with over 185 million users globally. In addition to the many functionalities that are currently accessible on the platform, users may now trade and transfer ARC-20 tokens on the Binance Inscription Marketplace. With this most recent development, the Binance Inscription Marketplace joins the exclusive group of platforms that facilitate the most variety of inscription assets, such as BRC-20, EVM, and the recently added ARC-20 tokens.…

Gala declares that Common ground World Nodes are transforming into the initial tokenized node licenses within the GalaChain ecosystem. The requirement was maintaining maximized node networks for boosting inventive projects, products, and platforms within Web3. These networks help strengthen users’ ability to do their bit for computing power to the decentralized network via GalaChain’s established DePIN (Decentralized Physical Infrastructure Network). This provides the option for transforming community computers into workers about the blockchain and rewarding operators for their efforts. At a time when GalaChain was being developed, the focus remained on the tokenization of node licenses. A major advantage of…