Author: NBTC

The crypto space is buzzing as the deadline for the SEC’s decision on the spot Ethereum ETF looms this week, with a decision expected as early as May 23. Adding to the excitement, top industry analysts have increased the probability of approval from 25% to 75%. This optimistic outlook has already had a notable impact on the market, with Ethereum’s price surging more than 20% in just one day. Prominent cryptocurrency expert Raoul Pal has weighed in on the potential of this development. He highlighted a scenario where substantial demand for the ETF, coupled with the fact that 30% of…

The marketing expert of the SHIB team, Lucie, has taken to her X (formerly popular as Twitter) account to explain an important nuance about SHIB to the community of this popular meme coin. Lucie addressed the question she has been getting recently about whether it is possible to use Shiba Inu on the Ethereum chain. Lucie has revealed why this cannot be done without the participation of Ethereum developers. Challenges for using SHIB on Ethereum as gas token In her recent tweet, Lucie addressed the fact that some people within the Shiba Inu community believe it would be a good…

CatCoin (CAT), a meme-based community-influenced crypto project, has warned the BitForex Crypto Exchange regarding CAT tokens withdrawal. In a recent post on X, CatCoin representatives threatened to pursue legal action against BitForex and its former CEO, Jason Luo. This is a formal warning to @bitforexcom Exchange regarding the withdrawal of $CAT tokens. We may pursue legal action against both Bitforex and its former CEO, @JasonLuoBF, who remains in charge of the exchange. Despite repeated attempts to contact both parties, there has been… — CatCoin (@catcoin) May 24, 2024 According to CatCoin, it has made multiple efforts to contact BitForex but…

PlayFi has announced its plans to roll out a presale event for node license on Polygon. This officially marks the entry of the AI-powered data network. PlayFi has called this a pivotal moment, reflecting a blended vision of Blockchain and gaming. Notably, this is not the first time Blockchain and gaming have come together. What makes this development interesting is that another player in the gaming industry has realized the potential of Blockchain technology. Franklin Mongiove, the Head of Partnerships at PlayFi, has said that it can play an important role in creating renewed innovation in gaming. Franklin has further…

Bitcoin’s dominance within the cryptocurrency market has reached a three-year high, signaling strong demand for US spot Bitcoin ETF holding the largest digital asset and a challenging period for smaller tokens. Bitcoin accounted for nearly 55% of the $2.4 trillion digital asset market at the end of last week, a level not seen since April 2021. On Saturday, in particular, BTC’s dominance jumped to 57% as it briefly touched the $67,000 mark. The next largest tokens by market share include Ethereum (ETH), Tether’s USDT stablecoin, Binance exchange’s native token Binance Coin (BNB), and Solana (SOL). BTC’s Rise Fueled By Successful…

Vitalik Buterin, the prominent co-founder of Ethereum, took to Twitter (aka X) to call for better interoperability between Ethereum layer-2 networks, suggesting that the ecosystem isn’t “unified” amid a growing pack of networks that attempt to scale ETH in various ways. “The L2-verse doesn’t feel enough like a unified Ethereum,” Buterin said on Twitter. “It’s much better than a year ago, but still far from perfect.” The Canadian programmer is calling for an “open, decentralized, operator-free, governance-free protocol” that will allow assets to be seamlessly bridged from one layer-2 network to another. This protocol should then be natively integrated into…

Stride, known for its innovative approach to liquid staking on Inter-Blockchain Communication (IBC) protocols, has recently marked a significant milestone. The platform’s Total Value Locked (TVL) for its OSMO offerings has surged to an unprecedented $25 million, highlighting growing investor confidence and an expanding ecosystem. This achievement is not just a numerical milestone but a testament to the increasing utility and acceptance of Stride’s staking solutions within the Cosmos network. Stride OSMO TVL at an all-time-high of 25M! 🤩stOSMO in DeFi also at an ATH. Over $5M worth of stOSMO currently deployed as collateral across the Cosmos ecosystem.After USDC and…

Blum, a crypto trading application, has captured the attention of over 50,000 enthusiasts within the first 48 hours of its launch. This platform seamlessly integrates centralized exchange (CEX) and decentralized exchange (DEX) elements and offers users an unprecedented trading environment. But why did it get so much attention? A team of former Binance executives has spearheaded the development of Blum, aiming to revolutionize the cryptocurrency trading landscape. This hybrid exchange has been selected for the seventh cohort of Binance Labs, highlighting its potential among 13 chosen protocols from a competitive pool of over 700 global submissions. Unique Features and Technological…

Ethereum and Bitcoin on MultiversX are transferable at lightning speed and can be used in decentralized applications. It is wonderful to note that both Ethereum and Bitcoin, the most popular digital commodities, are supported by the MultiversX Bridge. Bitcoin and Ethereum can take advantage of MultiversX’s illustrious features, such as high speed, innovative bells and whistles, and cheap transaction fees. Its extended interoperability ensures that Bitcoin and Ethereum can get the same level of convenience offered by ESDT and ELGD. The decentralized protocols can incorporate the MultiversX Bridge’s extended interoperability feature and conceptualize novel opportunities for customers. Both digital assets…

It’s not long before Bitcoin’s next halving takes place—five days, according to our Bitcoin halving countdown tool. Unless you’ve been following Bitcoin closely since its early days, however, you might be confused as to what exactly is happening. This year’s halving is different in at least one way—more people are talking about the quadrennial event than previous ones. Without getting too technical, here’s what you need to know. What is the halving? Every four years, Bitcoin—the biggest cryptocurrency—undergoes a halving event. The milestone is baked into the protocol’s code and is a necessary part of its operation. For Bitcoin to…