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.

Government Actions and Potential Gas-Powered Solutions

MiningJun 14

Venezuelan Bitcoin miners halt operations as government disconnects power, citing strain on national electrical infrastructure. Miners consider gas-flaring energy as an alternative to bypass national grid and revive Bitcoin mining operations. In Venezuela, once a burgeoning hub for Bitcoin mining, the industry faces severe setbacks due to lack of energy resources and governmental support. The once-thriving mining farms have fallen silent, with the government disconnecting them from the national electric system, citing the industry’s strain on the power supply which purportedly causes frequent outages affecting the populace. Government Stance and Industry Shutdown The Venezuelan government’s decision to disconnect Bitcoin mining…

Pyth Network Introduces GMCI 30 Index Price Feed

BlockchainJun 14

The Pyth Network maintains its goal of providing global smart contract developers with access to financial data. In keeping with this perspective, the Oracle Network has introduced the GMCI 30 Index Price Feed, which gives more than 60 blockchain ecosystems access to the GMCI crypto market price index, also known as the “GM 30.” Permissionless integration is available with the GMCI 30 feed and all Pyth 540+ price feeds. DeFi applications may operate based on the GM 30’s real-time price. This blog delves into the GM 30’s design, while Pyth broadens the index’s reach to include several blockchains. The GMCI…

Top Trader Peter Brandt Predicts How High Bitcoin (BTC) Price Might Go in This Cycle

BitcoinJun 14

Prominent trader Peter Brandt has predicted that the Bitcoin price could potentially reach a whopping $150,000 during the ongoing bullish cycle. Brandt has noted that the highs of Bitcoin's previous two cycles line up well against an inverted parabolic curve. He expects the flagship cryptocurrency to hit the aforementioned price target if this tendency continues. At the same time, Brandt has warned that his method of analysis is not "fool-proof," which is why traders should exercise caution. Brandt has also warned that there is a 25% probability that the leading cryptocurrency has already reached the apex of this cycle. "Should…

Polygon Labs earns crucial information security certificate

AltcoinsJun 14

Polygon Labs has announced that it has received ISO 27001 certification. According to a Polygon blog, Schellman Compliance externally audited the certification and confirmed that its information security management system (ISMS) complies with ISO standards. ISO 27001 is a globally recognized information security standard that defines the requirements for creating, implementing, maintaining, and continuously improving ISMSs. Organizations use an ISMS to systematically manage information security risks to ensure asset confidentiality, integrity, and availability. By this standard, obtaining an ISO 27001 license means that Polygon Labs is committed to maintaining high information security standards. “Robust security processes and continuous improvement have…

Chinese public telecom provider Coolpad Group allocates $13.5m to buy Bitcoin mining rigs

MiningJun 14

Shenzhen-headquartered telecommunications equipment company Coolpad Group has announced the purchase of $13.5 million worth of crypto mining rigs. Coolpad Group, a public Chinese telecom provider listed on the Hong Kong Stock Exchange, said in a regulatory filing it has allocated over HK$106 million (around $13.5 million) to purchase Bitcoin mining rigs as the firm now “actively pursues opportunities in web 3.0 digital currency business.” As per the document, Coolpad plans to acquire 2,700 crypto mining rigs from Hong Kong-based JingYun Intelligent Technology Limited, with deployment slated for North America. The document doesn’t specify the manufacturer of the equipment. This investment…

Fhenix Joins Forces with Privasea to Advance Secure AI App Development

BlockchainJun 14

Fhenix, a prominent layer 2 platform that uses FHE cryptography to let Ethereum developers, has started a new collaboration. As per the platform, it is joining forces with Privasea (a top player in FHEML-centered AI+DePIN computing) to advance secure AI app development using the FHE technology. The company shared a comprehensive blog post disclosing the details of the partnership. Fhenix and Privasea Collaborate to Improve the Safe AI App Development The company noted that a great data amount regularly moves online, pointing toward the requirement for technologies regarding data privacy. In addition to this, the requirement to secure digital sovereignty…

A 210% Bitcoin Surge Could Change the World’s Wealth Rankings

BitcoinJun 14

At this moment, Tesla’s Elon Musk holds the title of the wealthiest individual on the planet, as reported by the Forbes Real Time Billionaires list on June 1, 2024. However, there exists a potential future where Bitcoin’s creator, Satoshi Nakamoto, could surpass Musk’s fortune. Given the current value of BTC, the price would need to increase by just 210% for the anonymous creator of Bitcoin to become the wealthiest person globally. Could Bitcoin’s Creator Overtake Elon Musk? A 210% Bitcoin Increase Holds the Answer Elon Musk is a prominent business magnate, investor, and entrepreneur renowned for his transformative impact on…

Binance Responds – What’s the Truth?

AltcoinsJun 14

Today, it was claimed that the amount of FDUSD stablecoin deposited to Binance's OMNI Launchpool far exceeded the known supply of FDUSD. Binance's latest OMNI Launchpool showed a staggering $6.37 billion worth of FDUSD deposited. This attracted attention as the token's reported market cap is just under $4 billion. First Digital Labs, which issued the FDUSD stablecoin, stated that the token was issued only on Ethereum and Binance Smart Chain. The token supply on Ethereum is currently $3.8 billion while on BSC it is $180 million. This discrepancy indicated that approximately $2.4 billion worth of FDUSD, which currently “does not…

Core Welcomes Joyride Games to Its Expanding Ecosystem

GameFiJun 14

Core has officially announced the addition of Joyride Games to its ecosystem, marking a significant expansion in its gaming offerings. Joyride Games, renowned for hits like Solitaire Blitz, Trickshot Blitz, and Carrom Blitz, has become part of the Core family, promising to elevate the gaming experience for its community. This integration reflects a strategic alignment with Core’s robust security and seamless integration capabilities, which are essential for smoothly onboarding decentralized applications (dApps) and games. https://t.co/mzYymAuEHc — Core DAO 🔶 (@Coredao_Org) June 13, 2024 Joyride Games is a prominent name in blockchain gaming, facilitating over 65 million blockchain transactions. By joining…

Immutable zkEVM Announces the Launch of Web3 Anime Brand Devomon

BlockchainJun 14

Immutable, a prominent platform operating on Ethereum to develop Web3 games, has announced an exclusive launch. As per the company, it is launching a popular Web3 anime brand Devomon on its platform powered by Polygon (an L2 scaling solution operating alongside Ethereum). Immutable took to its official account on the social media platform X to explain the endeavor. 🌟 @OfficialDevomon is launching on Immutable zkEVM, powered by @0xPolygon! Devomon brings experience from the likes of @Nintendo and @Crunchyroll and has raised over 3.5M in funding to bring their innovative anime-themed mobile game to life! Devomon allows players to embark… pic.twitter.com/2cvIJPoua5…