Author: NBTC

NOT: Empowering 30 million users, NOT stands out with its engaging clicker game and widespread adoption. GRAM: Revolutionizing mining with its unique video card-based approach, GRAM offers a lucrative alternative. STON: Setting the standard for DEX, STON’s AMM methodology ensures seamless cross-chain exchanges. The cryptocurrency world is developing, and The Open Network (TON) is emerging as one of the most striking ecosystems. TON started as a blockchain stage for Telegram and has developed into a solid and versatile arrangement with speedy exchange speeds and user-friendly applications. There are five interesting cryptocurrency initiatives in the TON ecosystem that have the potential…

JPMorgan estimates that the current mining cost for bitcoin miners is around $45,000. The launch of the Runes protocol meant the hashrate didn’t immediately fall post-halving as expected, the report said. Due to several headwinds, the bank doesn’t see any upside in the bitcoin price in the near term. The current hashrate and power consumption on the Bitcoin (BTC) network implies an estimated mining cost of about $45,000, down from above $50,000, JPMorgan (JPM) said in a research report on Thursday. The bank said it had previously anticipated a significant drop in the hashrate after the halving as unprofitable miners…

A U.S. judge in Massachusetts has denied a motion to dismiss a class action suit against DraftKings alleging its NFTs are securities. This sets the stage for a future trial about NFTs as securities. A U.S. Judge in Massachusetts has denied a move by DraftKings to dismiss a class action lawsuit brought on by buyers of its non-fungible tokens (NFTs). The suit alleges that the tokens are investment contracts, setting the stage for a future court battle on whether NFTs are securities. DraftKings offers sports-themed NFTs on its marketplace via the Polygon blockchain. Justin Dufoe, a buyer, first filed suit…

Lombard has successfully closed a $16 million seed funding round aimed at developing the Bitcoin restaking ecosystem, in collaboration with Babylon.— Led by Polychain Capital, the round saw participation from BabylonChain, Inc., dao5, Franklin Templeton, Foresight Ventures, Mirana Ventures, Mantle EcoFund, and Nomad Capital. Strategic partnerships with major exchanges such as Bitget, Bybit, and OKX were also established to aggregate new liquidity into their businesses. Additionally, the funding round included commitments from prominent founders and executives from Allora, Altlayer, Babylon, BeraChain, Euler, Gearbox, Pendle, Ritual, Scroll, StakeStone, Seven Seas, and Zircuit.Transforming BTC into a Yield-Bearing AssetLombard’s flagship product, LBTC, aims…

Ripple CEO, Brad Garlinghouse, predicts Ripple’s legal dispute with the SEC may conclude by summer, possibly with a fine in the millions. Garlinghouse emphasizes the importance of clear regulations, hinting at XRP being the first fully regulated digital asset in the US. Despite facing tough legal challenges, Ripple’s commitment to disputing SEC’s allegations underscores its dedication to regulatory compliance and broader implications for the crypto ecosystem. Ripple is preparing for a historic final court showdown with the United States Securities and Exchange Commission (SEC). The CEO of Ripple, Brad Garlinghouse, has expressed his optimism boldly about the outcome of Ripple’s…

During his appearance at the Qatar Economic Forum, American-Canadian financier Robert Friedland slammed Bitcoin mining as an “energy obscenity.” “Huge amounts of energy being sort of used up for nothing,” Friedland said. According to the most recent data, Bitcoin consumes more energy than the entire state of Utah (or roughly 2% of U.S. electricity consumption). “A lot of people get the idea that the internet is green. There is nothing whatsoever green about the internet,” he said. “When you do a Google search…you are using a quantum of electrical energy about the same as running a 100-watt light bulb for…

From suspicious shilling to bad investments, several celebrities have ended up losing millions of dollars after attempting to dabble in digital assets. Table of Contents Tom Brady Logan Paul Lindsay Lohan Kim Kardashian Justin Bieber Celebrities and cryptocurrencies are never a good mix. Several A-listers have landed themselves in hot water after endorsing coins on social media, with some paying millions of dollars in fines and facing class action lawsuits. Some have also had their fingers burned after buying pricey NFTs, only to see their value plummet substantially. Then again, these losses were probably a mere rounding error in their…

Pi Squared, a company setting out to enable verifiable computing through the use of zero-knowledge technology, announced Tuesday that it raised $12.5 million in a seed round led by Polychain Capital. Participation in the round included ABCDE, Bloccelerate, Generative Ventures, Robot Ventures and Samsung Next, as well as angel investors including the Ethereum Foundation’s Justin Drake and EigenLayer founder Sreeram Kanaan. The fresh round of capital will be used to expand on the products the company plans on launching. Pi Squared’s first product is its “Universal Settlement Layer,” which settles blockchain transactions – or as they call them, “claims” –…

Key Points: zkSync’s v24 update, following a successful audit, promises improved security protocols and smart contract functionality for Ethereum-based DApps. Exciting news for users as zkSync announces the deployment of v24 on June 6, marking a significant step towards enhancing scalability in the Ethereum network. While the update rolls out, users should note a temporary 24-hour suspension of withdrawal and deposit functions on the zkSync native bridge, although third-party bridges remain accessible for seamless transactions. zkSync v24 has reached a pivotal milestone with the completion of the audit for its highly anticipated v24 update. The official Twitter account of zkSync…

Italian cryptocurrency wallet provider, Conio, has announced a new open banking partnership with Mesh Connect, a digital asset integration platform headquartered in the US. The partnership will allow Conio’s 430,000 users to access ten leading cryptocurrency exchanges directly through the Conio app. This integration eliminates the need for cumbersome processes such as scanning QR codes for transactions. Utilizing open banking technology, a single Mesh Connect account can authenticate users across more than 300 centralized crypto exchanges and self-custody wallets, significantly simplifying the crypto trading and management process. Founded in 2015, Conio is backed by Poste Italiane, Banca Finint, B Heroes,…