Author: NBTC

Humanity Protocol, a pioneer in digital identity solutions, has announced a strategic partnership with LayerZero, a leading interoperability protocol, aimed at transforming digital identity verification across more than 50 blockchains. This collaboration is set to enhance trust, security, and user verification in decentralized ecosystems worldwide.—At the heart of this partnership lies LayerZero, a trailblazing interoperability protocol renowned for equipping developers with indispensable tools for seamless data migration, token issuance, and dApp creation across a multitude of blockchain networks. By intertwining its capabilities with Humanity Protocol’s zkProofer Network, LayerZero assumes a pivotal role in upholding the integrity of decentralized governance and…

On the surface, the number of institutional holders listed for Bitcoin ETFs is showing signs of decline. The numbers just dropped, but with the data not being final, a more expansive picture is expected to emerge over the next 30 days. Such inconsistencies in data reporting can lead to confusion and, potentially, concerns about Bitcoin’s stability. However, these fluctuations in ETF holder numbers do not necessarily signal long-term trouble for Bitcoin. Financial markets are subject to rapid changes and can see quick turnarounds in investor sentiment and positioning. Reports that lag can often paint a misleading picture of the current…

Analysts at QCP Capital say the “resounding lack of interest” in the market and the approval of spot Ethereum ETF could “easily” pump ETH back to recent highs. While recent market data indicates a cautious atmosphere among investors regarding the potential approval of spot Ethereum exchange-traded funds (ETFs), the unexpected approval could trigger a short squeeze resulting in ETH reaching its recent highs, analysts warn. In a recent research report, analysts at QCP Capital said the ETH/BTC pair has dropped to levels not seen since February 2021, suggesting the market is “anticipating a rejection and a non-event.” However, QCP Capital…

Arweave (AR) recovered strongly to $35, remaining close to its weekly peak. Arweave is part of the new batch of projects that started trading in 2021, and is yet to recover the all-time high of above $80 achieved during the 2021-2022 bull market. AR traded at $35.07 with volumes close to $200M in 24 hours and $355K in liquidity for 2% slippage. AR remains in the green on the weekly chart, as the project entered the top 50 of coins based on market capitalization. 1/ Finding Zero-to-One innovations in crypto is my ultimate quest.The rare gems that change the game.Arweave’s…

The Blockchain Association urged a full House floor vote of the Financial Innovation and Technology for the 21st Century Act (FIT21) in a Monday letter to House Speaker Mike Johnson and Minority Leader Hakeem Jeffries. Blockchain Association Pushes House Floor Vote For FIT21 FIT21 (also known as H.R. 4763) is expected to be voted on in the chamber sometime this week. Its potential passage in both the House and the Senate would mark the first time the U.S. has seen crypto-oriented regulation. The letter, undersigned by crypto heavyweights including Ripple, Kraken, and Circle, pushes for a House vote on the…

Avalanche, a renowned blockchain platform, recently started a new partnership. According to the company, it is joining forces with Gamestarter (a well-known Web3 gaming forum) to release GameChain, which is already ready to launch more than 50 projects. Avalanche has published an exclusive post about this collaboration on its official web portal. The new GameChain project operates as a gaming-focused L1 operated by Avalanche. According to the company, it offers a transparent, efficient and secure environment for gaming transfers. The platform reportedly intends to create a cutting-edge ecosystem that encourages investors, players and developers. With over fifty projects under its…

When marketer Yakov Sychev joined cross-chain liquidity protocol Eywa a month before its launch in November 2023, he was shocked to discover that there “were no really good tools” to measure how users interacted with blockchain contracts. Through Eywa’s cross-chain index, CrossCurve, users swap tokens across different chains — a layer Sychev, now Eywa’s Chief Marketing Officer, says “was getting neglected before I saw Cookie3.” This interview is part of CoinDesk’s Web3 Marketing Week. A MarketingFi company, Cookie3 “is basically Google Analytics for Web3,” Sychev says, where Eywa’s users value anonymity and decentralization above all. To attract and retain these…

The Bitcoin halving event, a pivotal occurrence, is scheduled for April, 19 2024. This quadrennial event will reduce the block subsidy for Bitcoin miners from 6.25 BTC to 3.125 BTC, thereby halving the reward that miners receive for their efforts. Such events have historically led to profound shifts in the mining landscape, potentially influencing various economic and operational facets of Bitcoin mining. Economic Outlook and Market Predictions After the halving, the immediate impact is a considerable decrease in miner revenue due to the reduced block subsidy. This could lead to a decline in the hashrate as less efficient miners may…

United States-based blockchain firm Prometheum has stirred the crypto market with its new move, challenging the current regulatory stance on digital assets. The controversial blockchain company unveiled the long-anticipated Ethereum custody service on May 17. The very same week that the SEC will deny an Ethereum spot ETP because of Ether’s “new” regulatory status. What convenient timing. What are the odds?Controversial blockchain firm Prometheum launches long-awaited Ethereum custody | Fortune Crypto https://t.co/WR3YiRnzJN — Bill Hughes : wchughes.eth 🦊 (@BillHughesDC) May 20, 2024 Notably, the company’s decision matched SEC Chair Gary Gensler’s outlook that the existing US regulatory framework is sufficient…

The House of Representatives is scheduled to vote on a landmark cryptocurrency market structure bill this week. The Financial Innovation and Technology for the 21st Century Act, known as the FIT21 Act, is expected to head to the floor for a vote in the House on May 22, according to a person familiar with the matter. FIT21 advanced through the House Agriculture and Financial Services Committees last summer before getting the greenlight from the Rules Committee to advance to a vote earlier this month. The bipartisan legislation has 11 co-sponsors, including Democrats Henry Cuellar of Texas, Wiley Nickel of North…