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.

Donald Trump advisor Roger Stone endorses $TRUMP memecoin

AltcoinsJun 11

Roger Stone, a former Donald Trump campaign adviser and self-described ‘Trump Loyalist’ who was previously convicted of felony counts of witness tampering, obstructing an official proceeding, and making false statements to Congress, has now endorsed the $TRUMP memecoin. In a tweet announcing the partnership, Stone claimed that the coin was “the largest holding in Donald Trump’s crypto wallet.” The vast majority of tokens that seemed to arrive in Trump’s wallet, as identified by Arkham Intelligence, appear to have been deposited by an Ethereum address that resolves to the Ethereum Name Service (ENS) name of magafund.eth. This address received a massive…

Polyhedra Network Releases a Unique Open-Source Repository

BlockchainJun 11

Polyhedra Network, a prominent platform that uses zero-knowledge proofs technology for scalability and security solutions, has announced an exclusive product. As per the company, it is releasing an exclusive open-source repository to cater to the requirements of consumers with cutting-edge updates. The platform disclosed this development on its official social media account on X. We are thrilled to announce the launch of our new open-source repository! This repo is packed with advanced and basic knowledge about Zero-Knowledge Proofs (ZKP) that updates weekly. 🌐https://t.co/goSFAamxS3 🔍 Blogs: Dive into advanced topics with our latest developments in… pic.twitter.com/vIJCHEZNNd — Polyhedra Network (@PolyhedraZK) June…

Swiss zKSync Startup Raises $2 Million to Enhance Gas Abstraction and On-Chain Experience

RegulationJun 11

Swiss startup Zyfi, Paymaster-As-A-Service platform, has secured $2 million in a private funding round. As per the announcement on June 10, this strategic investment aims to propel Zyfi’s innovative gas abstraction layer on zkSync, which promises to transform the on-chain experience through native account abstraction. Zyfi is redefining the DeFi landscape by enabling any tokens to be used as gas for transactions. The funding round saw participation from leading industry players, including Everstake Capital, Tenzor Capital, Apvc.capital, Criterionvc, NxGen, Majinx Capital, v3ntures, Momentum8, and several other investors. With over 815,000 transactions processed and more than 110,000 users benefiting from gasless…

Russia Set to Recognize Bitcoin Mining as Economic Activity

MiningJun 11

According to Osman Kabaloev, the Deputy Director of the Financial Policy Department at Russia’s Ministry of Finance, the recognition of Bitcoin mining as an official economic activity is set to happen soon. Following the approval of a law regulating cryptocurrency mining, this activity would be assigned an OKVED code, which classifies company activities for licensing purposes. Russia to Recognize Bitcoin Mining With Economic Activity Code According to local sources, the Russian government is set to recognize bitcoin mining as an economic activity soon. Osman Kabaloev, deputy director at the Ministry of Finance’s financial policy department of Russia, stated that the…

MultiversX (EGLD) Tops Decentraland in Gaming Development

BlockchainJun 11

MultiversX has surpassed Decentraland in development activity, positioning it as a leading blockchain gaming platform. The surge in development activities reflects a robust commitment to innovation within the MultiversX ecosystem. Following the disturbing news of a $4.6M hack that compromised Ethereum’s gaming platform, as reported by CNF, a new leader has emerged in the blockchain gaming world. MultiversX has taken the lead over the Ethereum-based virtual reality platform Decentraland, showcasing a significant evolution in blockchain gaming dynamics. Innovation at the Forefront According to a recent tweet by Santiment, a market intelligence platform, MultiversX has now surpassed Decentraland in terms of…

HRF Grants 10 BTC To Worldwide Projects Advancing Bitcoin

BitcoinJun 11

Today, the Human Rights Foundation (HRF) announced its most recent round of Bitcoin Development Fund grants at the Oslo Freedom Forum, per a press release sent to Bitcoin Magazine. 10 bitcoin, currently worth $704,740 at the time of writing, is being granted across 13 different projects around the world. The funds will be used to advance education for people living under authoritarian regimes, privacy and Lightning Network development, decentralized communications, and providing nonprofits and human rights groups with easier onramps to financial freedom tools, according to the release. The HRF's main areas of focus with this round of grants is…

HSBC China Breaks Ground with e-CNY Services for Corporate Clients

RegulationJun 11

Corporate customers may now manage their assets by linking their corporate bank accounts. Many consumers are still hesitant to use e-CNY owing to technical and privacy concerns. HSBC firm’s China subsidiary has begun providing e-CNY services to corporate clients, the firm said. This makes HSBC the first international bank in China to provide services related to the digital currency of the central bank, offering these services to both retail and corporate clients. The People’s Bank of China issues its digital currency, the e-CNY, which is also called the digital yuan. It is a digital currency that aims to replace a…

Fidelity International Tokenizes Money Market Fund on JPMorgan’s Blockchain

BlockchainJun 11

Fidelity International has selected JPMorgan’s Onyx Digital Assets blockchain to tokenize a money market fund. The move means improved efficiency in delivering margin requirements and a reduction in transaction costs and operational risk, Fidelity International said. Fidelity International, a London-based funds management firm, has tokenized shares in a money market fund (MMF) using JPMorgan’s Ethereum-based private blockchain network, Onyx Digital Assets. Tokenization occurred near instantaneously through connectivity between the fund’s transfer agent (JPMorgan’s transfer agency business) and Tokenized Collateral Network, an application that sits between a collateral receiver and a collateral provider on the bank's Onyx blockchain, said Fidelity International,…

Bitcoin Soars Above $70K, Eyes New All-Time High but There’s a Catch (BTC Price Analysis)

BitcoinJun 11

Bitcoin’s price seems to be on the verge of creating a new all-time high, as only one significant resistance zone is standing in its way. Technical Analysis By TradingRage The Daily Chart The price has been tested to the higher boundary of the large descending channel and the $69K resistance level in the daily timeframe. If it successfully breaks this zone to the upside, the market can run toward the $75K ATH and even create a new record high. With the Relative Strength Index also showing values above 50%, the momentum is in favor of a bullish continuation and it…

Crypto Mainstream Adoption Has Increased in Recent Months, Canaccord Says

RegulationJun 11

Galaxy Digital price target raised to C$23 from C$17 at Canaccord. The crypto financial services firm is well positioned to benefit from the continued adoption of digital assets, the report said. The company’s mining assets could appreciate in value if the AI trend continues, the broker said. Galaxy Digital (GLXY) is well positioned given its strong institutional exposure to benefit from the continued adoption of digital assets on a structural basis, broker Canaccord Genuity said in a research report on Monday raising its price target for the crypto financial services firm. Canaccord raised its Galaxy price target to C$23 from…