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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Altcoins

Tether teases new assets as old ones are forgotten

By NBTC

Tether chief exec Paolo Ardoino has taken to X (formerly Twitter) to tease that Tether is prepared to “unveil its new class of digital assets” next week. It’s not clear exactly what digital assets will be announced next week, but we do know that they will be the latest in a long line of digital assets launched by the stablecoin giant, many of which have now been largely forgotten. The most popular asset Tether has created is, of course, USDT, which is ‘tethered’ to the value of the US dollar. However, it also has assets tied to other currencies like…

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Mining

slowdown of the hashrate expected

By NBTC

The latest news in the field of Bitcoin mining talks about possible drops in hashrate and network difficulty during the months of July and August. In fact, during the warmer months, North American miners usually intermittently halt their operations, taking advantage of specific energy incentives and saving on cooling costs for the plants. With this expected slowdown of the hashrate, the mining companies in operation can take a breather from the post-halving situation and get a boost in extraction, waiting and hoping that the price of Bitcoin will increase by the end of the summer. Let’s see everything in detail…

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Blockchain

Explosive Prospects Of Mysten Labs Walrus In the Decentralized Storage

By NBTC

Key Points: Mysten Labs unveils Walrus, a cost-effective decentralized storage protocol. Walrus employs advanced erasure coding techniques for resilient data handling. Mysten Labs Walrus is a new decentralized storage protocol for blockchain, offering cost-effective, resilient data storage with high availability. Explosive Prospects Of Mysten Labs Walrus In the Decentralized Storage Mysten Labs has launched Walrus, a decentralized storage and data availability protocol operating at the cutting edge of innovation in Sui development. As a protocol for blockchain applications and autonomous agents, Walrus provides great benefits, including cost-effectiveness, high availability, and resilient blob storage. Overcoming Replication Challenges with Mysten Labs Walrus…

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DeFi

Transforming DeFi with Groundbreaking Liquidity Hooks

By NBTC

In a significant development for decentralized finance (DeFi), BitLen Finance has officially launched on Core, signaling a new chapter for liquidity solutions in the cryptocurrency landscape. BitLen Finance, known for its pioneering approach to liquidity provision, aims to transform the DeFi space by facilitating seamless access not only for individual DeFi participants but also for decentralized applications (dApps) through its innovative “Liquidity Hooks.” Pioneering Liquidity Solutions BitLen Finance was made to act as the bottom of the liquidity layer for dApps, such as high-yield lending and borrowing, and diversified yield strategies. Unique in the highly competitive DeFi market, BitLen utilizes…

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Ethereum

SEC Is Dropping Its Investigation Into Ethereum, Consensys Says

By NBTC

Leading Ethereum developer Consensys announced late Tuesday that the U.S. Securities and Exchange Commission is “closing its investigation” into the cryptocurrency. “Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,” the company posted on Twitter. “This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.” After the SEC approved Ethereum spot ETFs last month, Consensys said it sent a letter to the SEC noting that the funds “were…

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Regulation

Are tokens and altcoins dragged down by VC investments?

By NBTC

The altcoin bull market of 2024 is lagging, as most assets lag behind Bitcoin (BTC)’s growth. The mix of old and new tokens was expected to dominate the market. One reason for the subdued market may be earlier VC (Venture Capital) funding, which pressured the price. A MAJOR fundamental flaw in crypto is starting to emerge. It's the #1 reason why altcoins are underperforming this cycle. And currently, there seems to be no fix. I just dug through all the data (what I found was shocking). 🧵: How altcoin dispersion is killing crypto.👇 — Miles Deutscher (@milesdeutscher) June 18, 2024…

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Altcoins

Elon Musk Might Own 20% of Dogecoin's Supply, Cardano Founder Suggests

By NBTC

During a recent appearance on the Thinking Crypto podcast, Cardano founder Charles Hoskinson suggested that Tesla CEO Elon Musk routinely promotes Dogecoin on his social media profile due to owning a large portion of its supply. At the same time, he does not rule out that the controversial entrepreneur might simply like the cryptocurrency logo: "He's a legendary entrepreneur, and no one can challenge…He's a magical guy. He's really like a sphinx. Hard to understand his motivations and understand why he does what he does. Why does he have this bizarre fetish for Dogecoin? Is that he owns 20% of…

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Blockchain

Securing blockchain globally with Google Cloud

By NBTC

Google Cloud has recently allowed the Tezos Foundation to create a safe, global mirror image of the original Tezos blockchain technology. The standard SDK tools of Google Cloud smoothly performed this strategic implementation across different continents, greatly enhancing the challenges of protecting the blockchain’s stability and security. The Tezos Foundation was ready to deploy new archive nodes in new geographies shortly after leveraging Google Cloud infrastructure. They created these large nodes, each containing more than 1TB of data, in just two hours. Additionally, using the Cloud SDK command-line tools, they also implemented a snapshot service within three days. This swift…

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Bitcoin

"Bitcoin Is Preparing to Explode Short Positions!"

By NBTC

Bitcoin, which failed in its attempts to exceed $ 70,000 and moved around $ 68,000, continues to show bullish signals. At this point, while many analysts stated that on-chain data gave a bullish signal for BTC, another bullish comment came from the famous analyst Willy Woo. Stating that Bitcoin has been going through a consolidation phase for about 2.5 months, Willy Woo said that there is a huge upward demand for BTC. According to Woo, this period of consolidation shows that Bitcoin price has more room to rise before reaching its peak. Woo also pointed out that the Bitcoin network…

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Ethereum

Hedge funds betting on SEC greenlighting spot Ethereum ETFs – VanEck

By NBTC

VanEck head of digital assets research Matthew Sigel believes financial institutions are gearing up for the imminent launch of spot Ethereum (ETH) exchange-traded funds (ETFs) in the US despite the funds pending regulatory approval. Sigel said in a social media post on June 18 that hedge funds are strategically positioning themselves as they actively anticipate the ETFs will be approved. He added that data from K33 Research indicates a significant rise in inflows to Ether exchange-traded products (ETPs) outside the US markets, which suggests that large investors are preparing for the regulatory green light for the spot Ethereum ETFs. According…

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