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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.

DeFi

AI enters DeFi on PancakeSwap

By NBTC

Bril Finance is preparing to launch a cross-chain liquidity pool on the DeFi markets on the crypto DEX PancakeSwap based on AI (artificial intelligence). The new tool will be called CupcakeHop, and it will consist of a cross-chain liquidity pool and a yield aggregator. It has been developed in collaboration with the DEX PancakeSwap. Crypto and DeFi: the new AI tool CupcakeHop coming to PancakeSwap The liquidity pool The cross-chain research AI transforms the DeFi landscape: PancakeSwap will welcome the new cross-chain crypto pool Crypto and DeFi: the new AI tool CupcakeHop coming to PancakeSwap CupcakeHop has not yet been…

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Exchanges

Bybit Unveils ZKsync Launch on ByStarter with 14.7 Million ZK Prize Pool

By NBTC

Dubai — Bybit has just announced the launch of the ZKsync (ZK) project on its ByStarter platform. Starting today, users can sign up for the ZK ByStarter and engage in tasks to win a share of the 14,700,000 ZK prize pool. — Bybit has structured the ZK ByStarter to reward participants generously. The first 400,000 users who lock 100 USDT will receive 5 ZK each as a Participation Prize. Additionally, users who complete all required tasks but do not win the lottery will share a pool of 4,600,000 ZK under the Sunshine Prize category. For the Grand Prize, 27,000 winners…

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Bitcoin

El Salvador Applauds Boltz’s Chain Swaps, Strengthening Bitcoin Innovation

By NBTC

The Bitcoin Office of El Salvador expressed enthusiasm today over a new “Bitcoin-fintech innovation” from Boltz, a company registered in the country. 🇸🇻El Salvador is building new capital markets on #Bitcoin so we are excited to see this interesting new #BTC-fintech innovation drop from @Boltzhq, a company registered here in #Bitcoin Country. El Salvador is at the forefront of innovation and development in the bitcoin era. https://t.co/vv7yNOQVoV — The Bitcoin Office (@bitcoinofficesv) May 29, 2024 Boltz, through their official Twitter account, announced the launch of a new product, Chain Swaps. This feature allows users to seamlessly exchange directly between Liquid…

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NFT

The Vatican enters the Web3 world with a new NFT project

By NBTC

The Vatican also arrives in Web3 with a new experimental project “Vatican Library Web3 Support Project”, which rewards Italian users with NFTs for sharing or donations. The NFT reward is a “key” to open and consult the special collection of 21 manuscripts owned by the heritage of the Vatican Apostolic Library. Vaticano Web3: the project with NFT prizes that give access to manuscripts from the Vatican Apostolic Library Vaticano Web3: how to obtain NFT rewards and the possibility to access the heritage of the Biblioteca Apostolica Vaticana The Non-Fungible Token of Papa Francesco Vaticano Web3: the project with NFT prizes…

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Exchanges

Uphold to end support for USDT, DAI, FRAX and other stablecoins ahead of MiCA

By NBTC

New York-based crypto exchange Uphold will discontinue support for several stablecoins, such as Tether (USDT), Dai (DAI), and Frax Protocol (FRAX), in anticipation of the upcoming Markets in Crypto Assets (MiCA) regulation, according to Uphold’s recent notice shared by Antony Welfare, a senior advisor to CBDC Europe and Global Partnerships at Ripple. The affected stablecoins also include Gemini Dollar (GUSD), Pax Dollar (USDP), and TrueUSD (TUSD). Starting July 1, 2024, these assets will no longer be available on Uphold. The exchange has advised customers to convert their stablecoin holdings by June 27, 2024, to avoid automatic conversion to USDC on…

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Bitcoin

Galaxy Ventures-backed Citrea’s marketing is ‘misleading’

By NBTC

Robin Linus, the author of BitVM whitepaper, slammed Citrea stating that the project’s marketing is “full of overclaims and misleading statements.” Bitcoin zero-knowledge rollup Citrea, which recently secured $2.7 million in a seed funding round led by Galaxy Ventures, has come under fire for allegedly misleading the public with its marketing campaign. Robin Linus, the creator of the BitVM whitepaper, describes a process of enabling Ethereum-like smart-contract functionality to Bitcoin, voicing his concerns in an X post on May 30, saying Citrea’s promotional materials are “full of overclaims and misleading statements.” While the details remain slim, Linus said that Citrea’s…

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NFT

Bored Ape Yacht Club’s (BAYC) Floor Prices Plunge Below 10 ETH: NFT Community in Shock

By NBTC

According to Blur, a non-fungible token (NFT) marketplace, the price of the Bored Ape Yacht Club (BAYC) has dropped sharply in the past 24 hours, falling below 10 Ethereum (ETH). This steep decline has surprised the NFT community, sparking discussions and concerns about the future of BAYC and the broader NFT market. NFT Community Stunned as BAYC Prices Dip Below 10 ETH At the time of writing, Blur lists BAYC’s floor price as 8.95 ETH. Meanwhile, OpenSea, another major NFT marketplace, shows a slightly higher floor price of 9.49 ETH. Converting the current prices into USD, with 1 ETH equaling…

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Altcoins

IOTA Web3 ID Solution Chosen for European Blockchain Sandbox

By NBTC

TL;DR: The Web3 Identification Solution built by the IOTA Foundation, walt.id, IDnow, Bloom Wallet, and HAVN, has been selected for this year’s European Blockchain Sandbox. The solution tokenizes all kinds of identification processes, enabling users to verify their identity in Web3 environments while maintaining control over their personal information. We are thrilled to announce that the Web3 Identification Solution built by the IOTA Foundation with walt.id, IDnow, Bloom Wallet, and HAVN, has been selected to take part in the European Blockchain Sandbox, initiated by the European Commission. This is a testament to the solution’s innovative potential for Know-Your-Customer (KYC) processes…

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Exchanges

Base DEX Trading Users Hit New Highs With Meme Coins Growth

By NBTC

Key Points: Coinbase’s Base network hit a record 267,000 DEX trading users, surpassing BNB Chain and trailing only Solana. Uniswap leads Base DEX trading users, driven by a vibrant meme coin market. Base’s total asset value locked (TVL) surged from $520 million to $2 billion in 2024. According to Dune Analytics, Coinbase’s Ethereum layer-2 network, Base, has recently experienced significant growth, shattering its previous record for decentralized exchange (DEX) trading users. Base DEX Trading Users Achieves Record Growth As of June 17, the number of Base DEX trading users surged to 267,000, surpassing BNB Chain and ranking second only to…

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Mining

Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures

By NBTC

In the last three days, bitcoin miners have experienced an 8.4% drop in profits, echoing a decrease in bitcoin prices. Since then, the network’s hashrate has fallen below the 600 exahash per second (EH/s) mark. Price Drop Squeezes Bitcoin Mining Profits Revenue for bitcoin miners has declined as the hashprice, the revenue from 1 petahash per second (PH/s) of hashing power per day, has diminished by 8.4% since June 14, 2024. Just three days prior, miners were earning $57.36 per petahash, but now, the hashprice stands at $52.53. On June 12, two days beforehand, bitcoin was trading just above $69,000.…

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