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.

Finance Consultant Says Institutions Will Never Leave XRP after Adopting It

AltcoinsJun 11

Vandell Aljarrah, a finance consultant and co-founder of Black Swan Capitalist, has asserted that when institutional demand for XRP arrives, it will endure and bolster XRP’s value. Aljarrah expressed this sentiment in a recent post on X. The remark came as a reply to community member Chad Steingraber’s commentary on the reason XRP sees minimal impact from cross-border payment utilities. XRP Unimpacted by Present Utilities Steingraber argued that XRP’s market value sees minimal impact from Ripple’s cross-border payment solution because of the medium through which the transactions occur. Specifically, he noted that the transactions are essentially over-the-counter (OTC) trading, unlike…

Bybit Relocate Chinese Employees Amid Office Closures!

ExchangesJun 11

Key Points: Bybit is moving its staff from Shanghai and Shenzhen to Malaysia and Dubai, considering closing these Chinese offices to adapt to new regulations. Bybit relocate Chinese employees unwilling to relocate may face layoffs, though they will receive fair compensation, stirring significant concern within the team. This major move aims to ensure Bybit’s growth and compliance internationally, marking a pivotal shift in its operational strategy. Bybit relocate Chinese employees team members to Malaysia and Dubai. This follows the latest development, with the opening of registrations to the Chinese market, suggesting a strategic turn in its operation model. Relocation comprises…

Ethereum Generated More Revenue Than Robinhood and Etsy in Q1

EthereumJun 11

Ryan Rasmussen, a senior researcher at Bitwise Asset Management, has noted that Ethereum, the second-largest blockchain network, managed to generate more revenue than major public companies of the likes of Etsy, Yelp, and Reddit in the first quarter of 2021 . Ethereum generated more revenue than Robinhood, Etsy, Yelp and Reddit in Q1 2024. Probably nothing. https://t.co/OYYWrYvdZx — Ryan Rasmussen (@RasterlyRock) June 10, 2024 According to data provided by Coin98 Analytics, Ethereum achieved record transaction fee revenue of roughly $1.2 billion. This marked a 79% increase compared to the previous quarter. Ethereum's transaction fees recorded a significant uptick in March…

Shibarium Metrics Surge Despite Crypto Market Downturn

AltcoinsJun 11

Despite the ongoing bloodbath across the broader crypto market, Shiba Inu’s L2 scaling solution, Shibarium, has continued to witness a spike in adoption. This is marked by a resurgence in the number of daily transactions on the network, which plunged to below 6,000 on April 10. Shibarium’s daily transaction activity has skyrocketed ever since, reaching 562,980 at press time, according to data from Shibariumscan. With the daily transaction activity surging to around 562,980, the total transaction count is now at 416,865,226 (416.86 million). It bears mentioning that Shibarium transaction activity spiked majorly in December 2023, as the network averaged around…

Try Out These Top 3 Promising Cross-Chain Swap Apps in 2024

ExchangesJun 11

With the up-and-coming rise in cryptocurrency adoption, many new investors are flooding the crypto scene quickly to realize that diversifying portfolios is the game’s name here. Hence, they turn to swap apps with cross-chain capabilities. The ability to quickly exchange funds between distinct blockchains is a powerful tool in an investor’s repertoire. Let’s review our top pick for the top three promising apps for cross-chain swaps. CrowdSwap It is a shining star within the DeFi sphere. They provide a state-of-the-art platform that enables efficient and user-friendly cross-chain swaps. Many of our readers probably already know about this platform due to…

Bitcoin Users Just Wasted $100K on Invalid Rune Mints

BitcoinJun 11

Nearly $100,000 in BTC was vaporized on invalid Rune Protocol mints, according to Bitcoin Ordinals and Runes explorer Ord.io. On Wednesday, the specialized tracker tweeted that 1.365 BTC (worth approximately $97,662) was lost by users attempting to mint Rune 777, also known as LEEROY JENKINS. Runes is a fungible token protocol on the Bitcoin network that lets users “etch” and mint tokens on the world’s largest blockchain. “The way Runes minting works is there is a mint window in which all Runes minting transactions are valid,” pseudonymous Ord co-founder Leonidas explained to Decrypt—for example, from block 840,000 to block 841,000.…

Ore’s SOL Rewards – A Game-Changer in Tackling Congestion

AltcoinsJun 10

Hardhat Chad proposes rewarding users with SOL tokens for testnet activities on Solana. This incentivizes community involvement in testing, aiming to enhance platform performance. Mixed community responses highlight diverse opinions on addressing Solana’s congestion issue. Solana, a blockchain network renowned for its speed and scalability, recently faced a significant challenge as users encountered a surge in failed transactions, with the failure rate soaring to a staggering 75%. The congestion issues rattled the community, prompting urgent measures to resolve the situation. In response to this pressing issue, Solana is taking proactive steps by launching its first update to mainnet validators. This…

Is $100K Bitcoin Inevitable? This Expert Say ‘Yes’—Find Out When

BitcoinJun 10

As Bitcoin teeters close to its previous peak, discussions about its next big price targets have reignited. Among the voices contributing to this conversation is Samson Mow, the CEO of Jan3 and a prominent Bitcoin advocate. Recently, on X (formerly Twitter), Mow expressed his belief in Bitcoin’s imminent rise to $100,000, a milestone he sees as a stepping stone toward an eventual value of $1 million. His forecast is based on events triggered by breaking past the all-time high of $73,750 in March. Critical Factors To Drive Bitcoin Price To $100k Target Mow outlines a cause-and-effect scenario that could catapult…

Ava Labs CEO says Avalanche was ‘never ever’ marketed as ETH killer

AltcoinsJun 10

Emin Gün Sirer of Ava Labs says Avalanche was never marketed as an “Ethereum killer,” stressing though its ability to deploy independent blockchains, unlike Ethereum. The head of Ava Labs, Emin Gün Sirer, says Avalanche “was never ever” designed to be an “Ethereum killer,” adding that the definition was developed by marketing managers at Consensys, a blockchain tech firm founded by Joseph Lubin, one of the co-founders of Ethereum. Addressing the misconception at the Token2049 conference, Sirer noted that Avalanche “has always been complimentary to Ethereum.” “We never ever marketed Avalanche as an Ethereum killer. That is a phrase that…

Prom Integrates TRALA to Revolutionize GameFi

GameFiJun 10

Today, Prom has announced the integration of TRALA, a new GameFi project, into its ecosystem. TRALA is an all-in-one gaming platform aimed at uniting Web3 and Web2 gaming communities. By creating a single GameFi environment, TRALA makes gaming accessible. It also engages players regardless of their experience with cryptocurrencies. Prom Integrates TRALA Into the Ecosystem We’re thrilled to welcome another GameFi project in our ecosystem, @TRALA_Official, an all-in-one gaming platform. TRALA is building a bridge between Web3 and Web2 gaming communities, creating a single GameFi environment that is… pic.twitter.com/hrXyp7wJS1 — Prom (@prom_io) June 10, 2024 TRALA Aims to Make GameFi…