Author: NBTC

Solana is preparing for a major update that will be released on May 27th to the mainnet beta. Version v1.18 is critical to solving current network congestion issues. The upcoming version 1.18 is designed to significantly improve the Solana infrastructure. Congestion issues have become worse recently due to the increase in bot-managed transactions involving memcoins, which has led to a sharp increase in transaction failures. The Solana development team is actively implementing a series of updates designed to improve network performance in response to these issues. It is noteworthy that on April 13, in collaboration with key infrastructure developer Anza,…

The New York State Department of Financial Services now requires cryptocurrency service providers to implement complaint resolution mechanisms. The regulator will assess the application and efficacy of these policies around resolving customer service requests. New York’s top financial regulator has issued new guidance which requires cryptocurrency service providers collect relevant data to assess whether they are resolving customer service requests and complaints in a timely and fair manner, it announced Thursday. The guidance by The New York State Department of Financial Services reflects “expectations” of cryptocurrency service providers to include policies which cover response and resolution monitoring, and reporting. The…

In the metaverse sector, the Internet giant Google has formed a new partnership with Magic Leap, to offer more immersive experiences and promote the AR/XR ecosystem. Metaverse: Google with Magic Leap to offer a wider range of immersive experiences Metaverse: Google with Magic Leap together to advance the potential of AR/XR technologies The crypto of the metaverse category today in green Metaverse: Google with Magic Leap to offer a wider range of immersive experiences The metaverse sector welcomes a new partnership: the Internet giant, Google, with Magic Leap. We are excited to be partnering with @Google. Magic Leap CEO @rossrosenberg…

The cryptocurrency industry is well acquainted with both price fluctuations and technological advancements, especially evident in the years following 2022. While spot bitcoin ETFs have garnered significant attention and investment, they represent just one instance of the sector’s swift evolution and maturation, offering a blueprint for how other crypto assets can achieve comparable success. Concurrently, apart from the ongoing price speculation that captivates investors, there is a continuous stream of rapid technical enhancements taking place. Let’s take a look at this Bitcoin halving 2024 article in more detail. What is Bitcoin halving 2024? The fourth Bitcoin halving is expected to…

While liquid staking protocols experienced a brief period of withdrawals, the past 12 days have seen liquid staking derivatives (LSDs) platforms gain 110,000 ether valued at $417.59 million. Swell Experiences Decline as Lido and Others See ETH Increases In the realm of decentralized finance (defi), liquid staking derivatives (LSDs) have finally recorded positive deposits after several weeks of reductions. The ETH held by LSDs almost fell below the 13 million threshold, reaching a low of 13.04 million ether. Today, these platforms hold 13.15 million ether, with an estimated value of $50.29 billion. Twelve days ago, Lido had 9.36 million ETH,…

Key Points: Tether co-founder Brock Pierce is considering returning to Hong Kong amid government efforts to attract the crypto industry. Pierce said the potential of Tether in Hong Kong lies in the tradefi sector. Hong Kong’s Securities and Futures Commission’s new rule prevents licensed exchanges from serving mainland residents. Brock Pierce, co-founder of the stablecoin Tether and chairman of the Bitcoin Foundation, has hinted at a potential return to Hong Kong as the city aims to reestablish itself as a major hub for the cryptocurrency industry. Tether In Hong Kong Could Make A Comeback Amid Local Efforts To Attract Crypto…

The total value locked (TVL) across all the XRPL AMMs has surpassed the 7 million XRP mark, with total XRP locked rising to 3.7 million tokens. Vet, a dUNL validator and co-founder of NFT marketplace xrpcafe, first drew the public’s attention to this impressive growth rate, noting that the total value locked within the XRPL AMM ecosystem has seen a remarkable increase in just a few days after he failed to pay attention to it. Citing data from XRPL-based DeFi analytics resource DeXfi, Vet showed in a post today that all the assets locked on the XRPL AMM pools have…

According to a breaking development, billionaire Tesla CEO Elon Musk is advising Donald Trump on cryptocurrencies during the election campaign. Elon Musk and former President Donald Trump are in talks about cryptocurrency policy. The dialogue comes as Trump has increasingly emphasized Bitcoin and other digital assets during the campaign in a bid to appeal to a broader base of voters, according to a source familiar with the talks. Trump campaign officials have also floated the idea of inviting Musk to speak at the Republican National Convention, according to a source familiar with the matter who requested anonymity, but that is…

Bitcoin’s failed breakout likely represents temporary nervousness ahead of the U.S. CPI release, and not an outright bearish trend reversal, 10x Research’s Markus Thielen said. Markets have pared back Fed rate cuts ahead of the CPI release. A soft inflation print could put the June rate cut back on the table, injecting upside volatility in risk assets, including cryptocurrencies. Bitcoin (BTC) dropped 3% in the past 24 hours, invalidating a bullish breakout, ahead of the release of U.S. inflation data that could dictate when the Federal Reserve (Fed) starts cutting interest rates. The leading cryptocurrency by market value slipped back…

A top executive from digital asset manager CoinShares believes market conditions could soon send Ethereum (ETH) soaring. In a new interview with Scott Melker, CoinShares’ head of research James Butterfill says a likely upcoming Fed pivot could be bullish for both Bitcoin (BTC) and ETH. Butterfill says Ethereum could see additional upside momentum around the time the Fed starts cutting rates from the potential launch of spot market ETH exchange-traded funds (ETFs) and a supply crunch due to investors already staking a large amount of the top altcoin. “If you look at the futures market, interest rate expectations is saying…