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.

The Blockspace Singularity

BlockchainJun 7

For years, crypto skeptics and believers alike have decried the lack of mainstream use cases for blockchain technology. Thousands of decentralized applications have been deployed, but mainstream use cases are scarce. That may be about to change. A singularity, a point of infinitely dense matter, is theorized to have caused the Big Bang when one such point exploded, distributing matter throughout the universe. I think we’re at an analogous moment in the history of crypto. Over the last year, developers have delivered fast, cheap blockspace to builders. You're reading Crypto Long & Short, our weekly newsletter featuring insights, news and…

Bitcoin On The Verge As Global Liquidity Nears New $100 Million ATH

BitcoinJun 7

Philip Swift, the founder of the on-chain analytics platform LookIntoBitcoin, recently highlighted the significant increase in global liquidity, which just hit a new all-time high (ATH). Swift suggested this was a crucial indicator of how Bitcoin can rise in this bull run. The Most Important Indicator For Bitcoin Swift claimed that the global liquidity was the “most important” chart in this bull run while revealing that it had just hit a new ATH. The chart he shared showed that the global liquidity was now at $94 trillion and approaching the $100 trillion mark. Based on his analysis, this development could…

LeverFi Announces OmniZK Testnet Upgrade

DeFiJun 7

LeverFi, a DeFi entity that facilitates leveraged spot trading, has announced a unique development. As per the platform, it is upgrading the devnet OmniZK to testnet in the next week to deliver a decentralized and scalable infrastructure. The company took to its X account to reveal the news of this upgrade. We are excited to share that the #OmniZK devnet is upgrading to testnet in the coming week! This testnet upgrade brings us closer to delivering a leading scalable, decentralized infrastructure to support the growth of #BTC DeFi.https://t.co/nC5QyeOUu9$lever @binance — LeverFi (@LeverFi) June 6, 2024 LeverFi Unveils MoniZK’s Testnet Upgrade…

Tether announces $18.75M investment in XREX Group to boost crypto adoption and financial inclusion

RegulationJun 7

Tether, the digital asset industry’s leading company, has made a strategic $18.75M investment in XREX Group, a blockchain-enabled financial institution, according to the company’s press release published today. The latest funding is part of Tether’s ongoing efforts to promote crypto adoption and financial inclusion globally. The investment is set to revolutionize USDT-based cross-border payments in emerging markets and advance regulatory technology, Tether noted. XREX will use the fresh capital to launch XAU1, a stablecoin backed by Tether Gold, in collaboration with the Unitas Foundation. With this launch, the firm seeks to offer a stable and inflation-resistant currency option. “Tether’s strategic…

Litecoin Gains Grayscale’s Attention with 32K Coin Purchase Amid Market Decline

AltcoinsJun 7

Grayscale leaves no stone unturned as it adds 32K LTC ($2.3 million) to its Grayscale Litecoin Trust amid the asset falling by over 30%. An analyst predicts that LTC could replicate a pattern that sees its price reaching $370 after remaining stagnant within the $100 zone. Grayscale embarks on a buying spree following an extensive downward trend in the altcoin market that has seen assets losing between 30-40% of their previous value. According to market data, Litecoin (LTC) emerged as one of the biggest losers, having fallen from $112 to below $80. Interestingly, Grayscale “left nothing to chance” as it…

Base outpaces Optimism and Arbitrum amid Coinbase's Smart Wallet debut

BlockchainJun 7

Coinbase-backed Ethereum layer-2 network, Base, is experiencing rapid growth, reflecting the significant adoption and attention it enjoys from the crypto community. Base’s growth comes amid the exchange launch of its Smart Wallet, a self-custodial solution aimed at bringing more than 1 billion users on-chain. Increased network activity Base recorded the highest daily transactions among Ethereum layer-2 networks in the past day, surpassing notable rivals like Arbitrum and Optimism. According to data from blockchain analytics platform GrowThePie, Base’s transaction count increased 7.1% to 2.7 million on June 4, compared to Arbitrum’s 1.89 million. L2Beat data further confirms this significant activity. The…

Haruko Integrates Stacks to Deliver Institutional Asset Management on Bitcoin L2

DeFiJun 7

Bitcoin’s growing layer 2 ecosystem has gained a boost with the integration of Stacks into institutional digital asset provider Haruko’s framework. The move will make it easier for institutions to gain exposure to Bitcoin assets and DeFi products, which can be traded on Stacks’ scalable L2. Stacks is one of the leading layer 2s developing use cases for Bitcoin with the goal of unlocking the $1 trillion in dormant capital that exists on its decentralized protocol. Over the past 12 months, Stacks has seen a plethora of dapps and protocols launch on its L2, transforming Bitcoin DeFi from an idea…

Donald Trump's Crypto Stash Reaches $30 Million Because People Keep Sending Him Meme Coins

RegulationJun 7

Fans of former president and convicted felon Donald Trump have been flooding his crypto wallet with meme coins and donations since his guilty verdict was handed down last week. That influx has been enough to push the value of his holdings above $30 million, according to blockchain analytics firm Arkham Intelligence. In the past couple days, a wallet that's been linked to Donald Trump by Arkham Intelligence has seen its Trog (TROG) meme coin holdings grow to $19.5 million at the time of writing. That's in part because of the team behind the Trog, short for Trump Frog. The meme…

27 Altcoins Have Massive Token Unlocks in the New Week – Here’s the Day-by-Day, Hour-by-Hour List

AltcoinsJun 7

After a week of geopolitical tensions in the cryptocurrency world and the halving agenda in Bitcoin, token lock openings will take place in many altcoins in the new week. Here is the token unlocking schedule we have prepared specially for you as Bitcoinsistemi.com: (All times are stated in UTC+3 Türkiye time) Covalent (CQT) Market Value: $127.92 million Token Unlock Amount: $1.81 million (1.42% of Market Cap) Date: 22 April 2024, 08:00 Algorand (ALGO) Market Value: $1.52 billion Token Unlock Amount: $6.22 million (0.41% of Market Cap) Date: 22 April 2024, 09:00 AltLayer (ALT) Market Value: $455.62 million Token Unlock Amount:…

Why is Bitcoin hash rate so important for its security?

MiningJun 7

Bitcoin’s hash rate is a critical metric that measures the computational power used to mine and process transactions on the Bitcoin network. It is expressed in hashes per second (h/s), with standard denominations including kilohashes (kH/s), megahashes (MH/s), gigahashes (GH/s), terahashes (TH/s), petahashes (PH/s), and exahashes (EH/s). The hash rate indicates how many calculations or guesses are made per second by mining equipment to solve complex mathematical problems required to validate transactions and add new blocks to the blockchain. The hash rate is essential for several reasons: Network Security: A higher hash rate signifies a more secure network. It means…