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.

ENS Ecosystem Backs Open-Source Projects with $50,000 USDC via Drips

BlockchainJun 8

For the next half year, the ENS Ecosystem Working Group will be using the Drips Network to provide financial backing for important open-source projects as well as their creators. The plan is to stream $50,000 USDC to seven core projects over this time period including Wagmi, ethers.js, graphql-request, OpenZeppelin contracts, noble hashes, scure-base and dns-packet. This program represents an effort by ENS DAO to reward those OSS initiatives without which their own systems would not function properly. ENS Pioneers Continuous Funding for Public Infrastructure with Drips Continuous and transparent funding is facilitated by the Drips Network which ensures financial support…

Lark Davis Excites Community With Big Bitcoin Rally Prediction

BitcoinJun 8

Renowned entrepreneur and Bitcoin investor Lark Davies gave an exciting prediction regarding an imminent bullish run for the leading cryptocurrency. The forecast comes amid a broader crypto market rally, which saw Bitcoin (BTC) rising to over $71,000. Here's why bull run is possible Davies highlighted several factors that could propel the crypto market to reach a bull run soon. Chief among them is the increased inflows amassed from the adoption of Bitcoin Exchange-Traded Funds (ETFs) in the U.S. Within the last 18 days, Davies disclosed that the ETFs purchased 56,150 BTC. This translates to over a four-month supply of BTC.…

Discover the realm of AstarNetwork NFT with Sonova

NFTJun 8

Sonova, an exclusive NFT space that is designed for collectors and active traders on the Astra network, aims to foster the development of potential NFT projects and activities that are capable of establishing sustainable ecosystems. Their innovative platform is driven by seasoned professionals who have extensive experience in the blockchain industry. In spite of being a recent entrant, the team members at Sonova come with highly specialized Web3 knowledge. In their opinion, the most significant obstacle to Web3 is the absence of initiatives that are designed to establish a manageable ecosystem. The issue will be resolved in the near future…

Fhenix Raises $15 Million to Advance Confidentiality in Blockchain

RegulationJun 8

Fhenix, a layer-2 blockchain developer, has raised $15 million in a funding round led by Hack VC. The company intends to further develop its homomorphic encryption for confidentiality solutions. Fully homomorphic encryption (FHE) is the process of converting data ciphertext. It allows you to work with encrypted data without first having to decrypt it. Developers can use smart contracts to encrypt parts of their Solidity-based applications. Use cases might include confidential voting, blind auctions, decentralized identity, DeFi and more. Guy Itzhaki, CEO of Fhenix, points to the revolutionary potential of FHE technology for Ethereum: “After scaling, confidentiality is the next…

Terra Luna Classic (LUNC) community officially approves block-reduction proposal

AltcoinsJun 8

The Terra Luna Classic (LUNC) has passed the vital proposal to reduce the maximum block size. Terra Luna Classic community approved a key block size proposal to protect against peer-to-peer storm attacks. LUNC & USTC prices surged, signaling trader interest. The market shows positive growth with a 10% increase in LUNC price and a 20% rise in USTC price. — Dylan Dollars (@thedylandollars) April 21, 2024 The LUNC community has supported the decision to decrease the block size to 2MB from 5MB to remove the dangers of peer-to-peer storm outbreaks within the ecosystem. Terra Classic developer Genuine Labs introduced the…

Litentry and EFAS Partner to Revolutionize GameFi Identity

GameFiJun 8

Litentry, an identity oracle built on TEE, is excited to reveal its partnership with Earth From Another Sun (EFAS) during Season 2. This partnership is expected to transform the identity of GameFi with the help of Litentry’s IdentityHub and its VC rating system. 🌟We’re thrilled to announce our partnership with @PlayEFAS during our Season 2!@PlayEFAS is transforming the MMO landscape with its approach to open-world galactic domination. This looter-shooter game lets players command armies and conquer planets. With over 150,000 Steam… pic.twitter.com/q31TPkjODu — Litentry (@litentry) June 7, 2024 EFAS Collaboration with Litentry Revolutionizes Gaming Privacy Earth From Another Sun is…

LightLink Hummingbird Joins Celestia Mainnet to Lower Transaction Costs

BlockchainJun 7

LightLink, an Ethereum Layer 2 blockchain solution that provides dApps and enterprises real-time gas-free transactions, has revealed the integration of its Hummingbird client with Celestia Mainnet. This partnership seeks to enhance scalability and decrease transaction costs. It is considered an important achievement in LightLink’s development towards reaching 10,000 TPS. Celestia Collaboration Lowers Storage Costs for LightLink There are some advantages of integrating LightLink with Celestia include. These include reducing the cost of storage and security. Therefore, through the integration of its service, LightLink seeks to establish a less expensive and more secure blockchain environment by utilizing Celestia’s distributed ledger infrastructure.…

Bitcoin Price Plummeted – Below $69,000! What Caused the Decline? Here is the Liquidation Data

BitcoinJun 7

With the sudden decline, the Bitcoin (BTC) price lost 3% of its value within minutes and fell to $ 68,500 at its bottom. It is estimated that the reason for the decline was the live organized by RoaringKitty, the most well-known influencer of GameStop shares. The live broadcast in question is followed by approximately half a million people and is also broadcast live on economic giant channels such as CNBC. During RoaringKitty's live broadcast, GameStop shares fell sharply, bringing the influencer's total loss to $235 million. The shares in question can be considered equivalent to memecoins in the cryptocurrency industry.…

Ripple’s fintech partner Nium cuts valuation by 30%

RegulationJun 7

Singapore-headquartered cross-border payments firm Nium has raised $50 million in a new funding round, marking a 30% discount to its previous valuation. Ripple‘s payment partner Nium has cut its valuation by 30% in its latest $50 million Series E funding round led by an undisclosed Southeast Asian sovereign wealth fund. As per a blog announcement, the latest funding, which was supported by venture capital firms like BOND, NewView Capital, and Tribe Capital, valued the Singapore-headquartered firm at $1.4 billion, down 30% from $2 billion in 2022. The proceeds will be used to further accelerate the firm’s growth plans, Nium says,…

Solana Dog Coin Bonk (BONK) Soars 43%, Here's Key Reason

AltcoinsJun 7

Bonk (BONK), a dog-themed token based on the Solana blockchain, surged an impressive 43% in response to a broader rally among meme coins and the proposal for a substantial treasury burn totaling a staggering 280 billion tokens. At the time of writing, BONK was up 41.82% in the last 24 hours to $0.00002134, and up 35.83% in the previous seven days. BONK's 24-hour trading volume has risen 391%, with $431.53 million worth of trade. BONK surged to intraday highs of $0.00002192, extending a three-day rise from lows of $0.00001357 on April 18. If today closes in green, BONK will mark…