Author: NBTC

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.

The Graph network now fully decentralized: 6K+ subgraphs live!

AltcoinsJun 16

The Graph’s decentralized data is available now and it is a turning point in data autonomy and the Graph’s decentralization voyage. Almost 6000 subgraphs are available now including AAVE, Balancer, Decentraland, Messari, and Quickswap. The Graph offers incorruptible access to the data on which Web3 is dependent and the network experienced a huge growth in query volume during the times of the Sunrise of Decentralized Data. There has been a massive surge in data service fees for subgraphs and Substreams. The new development is a clear signal of Web3’s growing adoption of The Graph’s decentralized services. The innovative initiative will…

Crypto asset control regulates financial activities bilaterally

LegalJun 16

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. CAC resolves trade disputes via specialized approach, ensuring platform safety and client protection with brokerage firm membership. Crypto Assets Control (CAC) deals with the resolution of trade disputes based on a specially developed approach to resolving situations in this area under its own rules and international standards. Crypto Assets Control specializes in assessing existing platforms and checking them for relevance and compliance with the rules for introducing such a business. A positive result of such a check indicates the…

Allo Partners with Optimism to Tokenize $2Bn in Assets

BlockchainJun 16

In a significant development for blockchain adoption, Allo has partnered with Optimism Collective’s Superchain to tokenize $2 billion in real-world assets. This partnership will enable the $2b in real-world assets to be tokenized, marking a major step in the acceptance of blockchain. The move underscores the growing potential of blockchain, not only as a technology for the forward-thinking present and future, but it also represents a significant step towards building a bridge between conventional financial assets and the digital economy. The Dawn Of Asset Management But this integration of Allo with the Superchain will change the way people manage their…

Crypto Markets Have Seen $12B of Net Inflows This Year, JPMorgan Says

RegulationJun 16

Crypto markets have seen $12 billion of net inflows year-to-date, the report said. The bank said that the majority of the $16 billion inflow into spot bitcoin ETFs likely came from existing digital wallets on exchanges. JPMorgan said it was skeptical that the pace of inflows will continue for the rest of the year. Digital assets have seen $12 billion of net inflows year-to-date, and if flows continue at the same pace the number could grow to $26 billion by the end of the year, JPMorgan (JPM) said in a research report on Wednesday. Spot bitcoin (BTC) exchange-traded funds (ETFs)…

Polygon (MATIC) Hits Major Milestone on Path to Community Ownership

AltcoinsJun 16

Polygon (MATIC) has reached an epic milestone in its journey toward community ownership with the kickoff of the Polygon Governance Hub, which will serve as a full-stack governance solution and user interface for the community. The Polygon Governance Hub, created in collaboration with Aragon, allows users and builders to influence the core development of Polygon technology and infuse it with community values. Over the last year, the Polygon community has contributed to the development of a framework for Polygon's decentralized, community-led governance, with an emphasis on three primary pillars, or governance aspects: Protocol Governance, System Smart Contract (SSC) Governance and…

Coinbase CEO Gives Hot Take on Crypto Developments

BlockchainJun 16

In an interview with Ark's Cathie Wood, Coinbase Founder and CEO Brian Armstrong shared his thoughts on some of the crucial things that are happening in crypto as well as some of the platform's latest developments. The conversation took place at the State of Crypto Summit 2024. Layer 2 Armstrong emphasized the significance of the exchange’s layer-2 solution, Base, in advancing blockchain technology. He likened the transition from layer-1 to layer-2 networks to the shift from dial-up to broadband internet, emphasizing the improved speed and reduced costs. Layer 2 enables features like instant, free USD coin transfers globally, which revolutionize…

Bitcoin Runes Are Back? Meme Coin Surge Pushes Market Cap Over $2 Billion

BitcoinJun 16

For the first time ever, the collective market capitalization of tokens on the Bitcoin-based Runes protocol has eclipsed $2 billion, further upending the narrative that the novel ecosystem for meme coins built on the Bitcoin network is dead on arrival. At writing, tokens on Runes possess a collective value of $2.06 billion, according to Bitcoin data analytics platform GeniiData. Just last week, that figure crossed $1 billion for the first time. The surge in value appears largely attributable to one Runes token in particular, DOG•GO•TO•THE•MOON (aka DOG). DOG has surged over 90% in the last week, to a price that…

Global crypto ETPs reached new all-time highs in May, says new research

RegulationJun 16

Cryptocurrency exchange Traded Products (ETPs) continue to have a record-breaking 2024, according to latest research. New data, released this week by digital asset and fintech investment firm Fineqia International Inc (CSE: FNQ), showed that ETPs trading in digital assets reached a new all-time high in May 2024. The research, in which Fineqia studied 194 top international ETPs, showed that ETPs with digital assets as underlying collateral increased their total global Assets Under Management (AUM) to $95.4 billion in May – a new record amount. The total AUM recorded at the end of May represents a new all-time high for ETPs…

Core Announces Special 2X Spark Multiplier for BTCB Holders to Amplify Rewards

AltcoinsJun 16

Core, a prominent player in the cryptocurrency space, has introduced an enticing incentive for BTCB token holders. From June 13th to July 23rd, participants can double their daily Spark accumulation through the Core Ignition Drop, offering a 2X Spark Multiplier. This move aims to energize the community’s engagement with decentralized applications (dApps) on the platform, enhancing the utility and value of holding BTCB. https://t.co/lDPDZF8dqJ — Core DAO 🔶 (@Coredao_Org) June 13, 2024 BTCB, a tokenized version of Bitcoin (BTC), operates within the BNB Smart Chain ecosystem. It’s designed to allow users the flexibility to utilize Bitcoin’s value in a more…

Crypto Dealings Not Illegal in India, Says High Court

LegalJun 16

The Orissa High Court in India ruled that cryptocurrency dealings are not illegal under Indian law. This decision arose from a case involving individuals accused of fraud through a Ponzi scheme. Justice Sasikanta Mishra clarified that cryptocurrency is not considered money under the Prize Chits and Money Circulation Schemes (Banning) Act or a deposit under the Odisha Protection of Interests of Depositors Act, thus deeming mere cryptocurrency dealings not offenses under these laws. Dealing in Crypto ‘Cannot Be Treated as Illegal in Any Manner’ The Orissa High Court in India has issued a significant ruling clarifying the legal status of…