Crypto, markets and policy.
NBTCNEWS
Home»Author: NBTC(Page 7951)

Author: 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.

How to Add Solana to MetaMask?

Blockchain

You can’t add Solana to MetaMask because the Solana blockchain is not compatible with the EVM (Ethereum Virtual Machine). The MetaMask wallet only supports EVM-compatible blockchains, such as Ethereum, Polygon, and BNB Chain. Still, if you’re wondering how to add Solana to MetaMask, you’ll most likely be interested in Solana wallets similar to MetaMask. In this article, we’ll explain why Solana is not compatible with MetaMask and feature Solana wallets that offer a similar user experience to MetaMask. Key highlights: You can't add Solana to MetaMask because Solana isn't compatible with the Ethereum Virtual Machine (EVM), which MetaMask requires. For…

Bitcoin (BTC) Price Surges Back Above $70K. Is This Another Bull Trap?

Bitcoin

Bitcoin (BTC), the top cryptocurrency by market cap, managed to reclaim the much-coveted $70,000 level earlier today, peaking at $70,230. It is up 2.4% over the last 24 hours, currently trading just below the aforementioned level. However, it is worth mentioning that $70,000 is a formidable resistance level that bulls have repeatedly failed to crack. At press time, the top cryptocurrency is changing hands at $69,704 after giving up some gains. A bear trap? As noted by popular cryptocurrency trader Ali, the TD Sequential, a powerful technical indicator, is currently showing a sell signal on the four-hour chart. The analyst…

EtherFi Dominates Ethereum Liquid Restaking

DeFi

EtherFi (ETHFI) stands out as a leading protocol within the Ethereum Blockchain’s liquid restaking sector, addressing the liquidity needs of stakers. By integrating with EigenLayer, EtherFi offers native liquid restaking features, allowing users to utilize their staked tokens for various purposes while accruing significant rewards. This protocol has seen its total value locked (TVL) rise considerably, enhancing user earning opportunities. Contents hide 1 What is EtherFi (ETHFI)? 2 How does EtherFi Integrate with EigenLayer? 3 User Inferences 4 How to Buy Etherfi (ETHFI) with TRY? What is EtherFi (ETHFI)? EtherFi is a protocol designed to facilitate liquid staking for Ethereum…

Saudi Arabia joins BIS-led central bank digital currency trial

Regulation

LONDON, June 5 (Reuters) - Saudi Arabia has joined a major BIS-led central bank digital currency cross-border trial, in what could be another step towards less of the world's oil trade being done in U.S. dollars. The move, announced by the Bank for International Settlements on Wednesday, will see Saudi's central bank become a "full participant" of Project mBridge, a collaboration launched in 2021 between the central banks of China, Hong Kong, Thailand and the United Arab Emirates. The BIS, a global central bank umbrella organisation which oversees the project, also announced that mBridge had reached "minimum viable product" stage,…

In the first full month after halving, who mined the most BTC?

Mining

It was no secret that miners would see their BTC production numbers decline in the first full month after the Bitcoin halving. After all, that is the reality of the event that occurred on April 19. Per-block mining rewards were systematically slashed from 6.25 BTC to 3.125 BTC. But some companies saw bigger drops in BTC production than others, with one in particular appearing to win the month (in this category, at least). Bitcoin mining giant Marathon Digital mined 616 BTC in May, leading its biggest publicly traded competitors. The company actually saw a 32% month-over-month increase in the number…

Jil Sander, Maison Margiela, and Marni Fashion Brands Adopt On-Chain Authentication

Blockchain

OTB, the international fashion and luxury group that owns brands like Jil Sander, Maison Margiela, and Marni, announced Wednesday that it will provide blockchain-based digital authenticity certificates for all products from those labels starting with the Fall/Winter 2024/2025 collections. The certificates utilize blockchain technology and an NFC (near-field communication) chip embedded in each garment or accessory. This allows customers to verify a product's authenticity by scanning the chip with their smartphone, accessing a tokenized certificate that’s stored as an NFT on a blockchain network. "This is an important advance in the OTB innovation process, because it enables us to guarantee…

Legal Clampdown on the Horizon

Bitcoin

Costa Rica is currently deliberating a proposed crypto law that may restrict its citizens’ ability to use Bitcoin for everyday transactions. Jan3, a prominent Bitcoin technology firm, disclosed this development regarding the Latin American nation. Costa Rica Debates Legal Use of Bitcoin Jan3 stated that the absence of comprehensive legislation governing the country’s crypto ownership, trading, and investment impacts the ongoing debate. The firm noted that the key concerns revolved around effective Know Your Customer (KYC) and Anti-Money Laundering (AML) practices in the emerging industry. However, amidst these debates, there is a sense of optimism regarding the potential for robust…

DeFi loans surge to record highs amid yield chase

DeFi

The search for innovative yield strategies in the decentralized finance (DeFi) ecosystem sent the on-chain borrow excess to $11 billion, according to IntoTheBlock’s “On-chain Insights” newsletter. This represents a two-year peak, which was propelled by Ether.fi and Ethena. Ether.fi’s eETH and Ethena’s USDe have soared to $6.4 billion and $3.2 billion in supply, respectively. Ether.fi’s eETH, integral to the EigenLayer ecosystem, now totals 1.7 million tokens. Meanwhile, Ethena’s USDe has climbed to become the fourth-largest stablecoin. Image: IntoTheBlock DeFi protocols have issued over $11 billion in loans, marking a two-year high. Aave’s V3 protocol is nearing a borrowed funds milestone…

Crypto startups secure $777 million from VC funds in May

Regulation

Crypto startups captured $777 million in investments from venture capital (VC) funds in May, according to data aggregator DefiLlama. This is a 17% slide from the total amount netted in April, and the second consecutive month of VC capital slowing down. Projects focused on building blockchain infrastructure received $630 million last month, representing 81% of the total amount raised in the period. However, this is $100 million less than the total capital flows directed to this sector in May. Farcaster registered the largest infrastructure-related funding round in the period, with $150 million in investments coming from names such as Variant…

Coin98 Enhances Multi-Chain Efficiency with ZKFair Integration

Blockchain

Coin98, a leader in blockchain solutions, has recently integrated ZKFair, a community-driven Layer 2 solution, to enhance its multi-chain capabilities. This strategic move optimises transaction speeds, reduces costs, and improves scalability across various blockchain platforms, ensuring a seamless and efficient user experience. ZKFair, recognised for promoting fairness and equity in blockchain transactions, operates on the Polygon CDK and Celestia DA frameworks and is governed entirely by its community. We're excited to announce the integration of @ZKFCommunity, the first community-driven ZK-L2, ensuring users benefit from seamless, cost-effective, and high-performance multi-chain experiences. Learn more 👉 https://t.co/qR9ASxnOUX pic.twitter.com/FiDmQ9LUa8 — Coin98 Super Wallet (@coin98_wallet)…