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.

Brad Garlinghouse Highlights Ripple Stablecoin Key Benefits

AltcoinsJun 9

In a Fox Business interview, Ripple CEO Brad Garlinghouse discusses the company’s upcoming US dollar-backed stablecoin and reveals plans to capture a significant part of the market. Notably, the upcoming stablecoin, which is expected to launch on the XRP Ledger (XRPL) and Ethereum later this year, would serve as a bridge between crypto and traditional finance (TradFi). Plans to Gain Dominance in the Stablecoin Market During an interview with Fox Business’ Maria Bartiromo, Garlinghouse noted that the stablecoin market is currently valued at $150 billion, with projections from experts suggesting that the figure could soar to more than $2.8 trillion…

Arkreen Partners with The Graph to Launch Its Subgraphs

BlockchainJun 9

Arkreen, a Web3-driven platform that offers an infrastructure for worldwide distributed renewable resources of energy, has collaborated with The Graph. As a part of this collaboration, Arkreen is launching its subgraphs on the decentralized network of The Graph to provide cutting-edge facilities to consumers. The company disclosed this endeavor on its official account on X. The @arkreen_network subgraphs are live on @graphprotocol's decentralized network! 🎉 The upgrade process was smooth, user-friendly, & gas free! Arkreen's DePIN & ReFi applications, including Arkreen Miners, AREC protocol, AREC bridge, https://t.co/r7Vwu0TBXA, relies on The… pic.twitter.com/8dgdtaAid2 — arkreen (@arkreen_network) June 7, 2024 Arkreen and The…

ECB Cuts Rates, Crypto Markets Brace for Potential Bitcoin Surge

BitcoinJun 9

Colin Wu, a crypto news reporter, notes that the European Central Bank (ECB) has announced its first interest rate cut in five years, reducing rates by 25 basis points. This decision comes amidst projections of inflation at 2.5% in 2024, gradually decreasing to 1.9% by 2026. In addition, GDP growth forecasts expect GDP to rise 0.9% in 2024 and 1.6% in 2026. The move, anticipated by money markets, marks the first cut since September 2019, when the deposit facility entered negative territory. The European Central Bank announced the first rate cut in five years, 25bps. The ECB expects inflation to…

GameStop Legend Roaring Kitty Just Livestreamed—Here's What Happened

RegulationJun 9

The meme stock influencer Kieth Gill, better known online as Roaring Kitty or DeepFucking Value, opined on YouTube—carefully—on Friday about GameStop’s future as a company. It was his first livestream since 2021. “Do I have to be careful about what I saw here?” the influencer asked, while displaying a background of GameStop’s stock price on Yahoo Finance. “I wanted to remind people that I’m the one active on my accounts, of course.” The announcement of his livestream a day before had caused the firm’s share price to spike 47% over the course of the trading day to $46.55, pushing higher…

Solana Blockchain Has an Abundance of Spam Transactions

AltcoinsJun 9

Solana (SOL) blockchain has a problem with spam transactions, claims a trader and investor in digital assets, Dan Smith. In a series of X posts, the crypto enthusiast explained how spammers boost the number of failed transactions on the blockchain network. Smith explained that an average “real user” of the Solana blockchain sends under 50 transactions per day with a failure rate of 8%, resulting in the failure of 1 transaction in every 10 transactions. The X post explained that 97% of addresses fall into the “real user” group, and are collectively responsible for 0.6% of total failed transactions. Smith…

INTO Announces its New Partnership with Value DEX

BlockchainJun 9

In an exclusive development, INTO has announced a new partnership with Value DEX. It is a premier decentralized exchange for EVM chains and the Solana network. This collaboration promises to bring exciting new opportunities for users and as a whole for the blockchain community. We're excited to announce @valu_so as our new partner! 🎉 Your premier decentralized exchange for EVM chains and the Solana network. 🌐✨ This partnership brings together the best of social networks and DEX! Stay tuned for more exciting collaborations. 🚀🔥 pic.twitter.com/YEwUyymB7i — INTO (@INTOverse_) June 8, 2024 Value DEX Brings Expertise to INTO for a Frictionless…

Why $100k for BTC in 2024 is no pipe dream

BitcoinJun 9

Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Casey Wagner and Felix Jauvin. Here’s what you’ll find in today’s edition: Macro factors suggest the stage could be set for BTC to hit $100,000 in 2024 — though such a rise is far from guaranteed. Tomorrow’s jobs report is going to be a big one. Could this be the soft landing everyone’s been waiting for? The FTX debtor-creditor saga continues, in case you haven’t had enough. BTC to $100k, or no way? Bitcoin’s price is inching closer to the nice round number of $100,000. Despite an…

International CBDC Settlements to Become 'Common Practice' in 5 Years

RegulationJun 9

Anatoly Aksakov, Chairman of the Russian State Duma Financial Markets Committee, has predicted that international trade will migrate to CBDC for settlements during the next five years. Aksakov stressed that not many countries have made progress using these digital currencies, but he believes this will be addressed soon. Russian State Duma Official Bets on National CBDC as Future of International Trade Settlements More countries consider central bank digital currencies (CBDC) as part of their future financial trade infrastructure. Anatoly Aksakov, Chairman of the Russian State Duma Financial Markets Committee, has stated that he believes using CBDC for international trade settlements…

Shiba Inu L2 Shibarium Sees Highest Daily Account Growth Since Launch

AltcoinsJun 9

Shibarium, the Shiba Inu ecosystem blockchain, recently welcomed over 13,000 new accounts in a single day, marking a new all-time record. While the crypto market has slipped into a bearish trend, Shibarium has continued to hit record levels in adoption, suggesting resilience among network participants. One of its latest feats involved a record 13K+ new accounts on the blockchain network in a single day. The Crypto Basic confirmed yesterday that Shibarium is witnessing a surge in key metrics despite the market turbulence. One such metric was the total number of accounts on the network, which recently saw a sharp increase…

Axelar Announces Support for Polygon Amoy and Linea Sepolia Testnets

BlockchainJun 9

Axelar has announced support for Polygon Amoy (Sepolia) and Linea Sepolia testnets. This move follows a previous announcement with the name of Goerli Deprecation and New Ethereum Sepolia, Layer 2 Sepolia Support with Axelar. The initiative aims to continue supporting developers in building innovative applications. GM builders! We now support @0xPolygon Amoy and @LineaBuild Sepolia testnets! 🧪 Check out the devblog for details 👀https://t.co/4IOSoPzWAu pic.twitter.com/1R8dR2RIAY — Axelar Network (@axelarnetwork) June 8, 2024 Axelar Enhances Developer Capabilities with Sepolia Support From the perception of developers who create dapps and smart contracts, a testnet works as a production network. It makes it…