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.

API3 Revolutionizes Optimism’s Superchain with Developer-Centric Oracle Solutions

BlockchainJun 5

API3, a pioneer in blockchain oracle solutions, is setting the stage for significant advancements within the Optimism Superchain ecosystem. API3 is crucial in scaling a cryptographically secure on-chain economy that maximizes value for all participants by enhancing data integration and scalability with its innovative Oracle Stack. Optimism expanded Ethereum’s scalability in the past year by introducing the Superchain thesis. This new framework facilitates growth and adoption by enabling teams to build on the OP Stack and contribute to the OP Collective, which aims to pool revenue to fund public goods and move global adoption forward. Within the Superchain ecosystem, oracles…

All 21 Million Bitcoin Already Exist Waiting To Be Unlocked By Auction

BitcoinJun 5

Most people who understand bitcoin know that there are two kinds of bitcoin. One is bitcoin, the asset which has a fixed supply and is quite volatile, and the second kind of Bitcoin, the network and protocol that maintains an immutable ledger that has never been hacked and is bullet proof, bomb proof and tank proof. It is my opinion that too much focus is placed on the asset and not nearly enough on the network, protocol and immutable ledger. While listening to a recent podcast Peter McCormack had with Dhruv Bansal they discussed the network and protocol in a…

Switchboard hauls in $7.5M despite sleepy venture week

RegulationJun 5

Howdy! It’s summertime in Brooklyn, which means stooping season is in full swing. I might go wander around Park Slope later to see if I can find one of those chairs shaped like a hand sitting out on the sidewalk. But as for today’s Solana stuff: Switchboard hauls in $7.5M despite sleepy venture week June is here, and the markets appear to be taking a summertime nap. Solana’s often-bumpy price chart has sat mostly between $160 and $170 for 10-plus days now, and the venture market has similarly zenned out. Of the venture deals announced in recent days, perhaps the…

Layer 3 Omni-Trading Blockchain for Cross-Chain Liquidity

AltcoinsJun 5

The DODO team is excited to announce the launch of DODOchain, an Omni-Trading Layer 3 that is powered by EigenLayer, AltLayer, and Arbitrum Orbit. As the first Layer3 solution, DODOchain bridges Bitcoin and Ethereum’s Layer2 effortlessly and focuses on bringing liquidity from several chains together in one place. Trade tokens on the DODOchain, the rollup-level liquidity layer, to boost profits via restaking. The Reason Behind DODOchain’s Creation With its innovative Proactive Market Maker (PMM) algorithm, which brought a focused liquidity solution around the oracle price, DODO was launched in August 2020. As a result, customers were given better exchange rates…

Upcoming House budget bill could restrict SEC’s funding for SAB 121

LegalJun 5

The House Appropriations Subcommittee on Financial Services and General Government, scheduled for 8:30 AM ET today, could prohibit the US Securities and Exchange Commission (SEC) from using allocated funds to implement SAB 121 and its climate disclosure rule, according to FOX Business journalist Eleanor Terrett. A policy rider that specifically prevents the SEC from using allocated funds to implement SAB 121 – Source: Eleanor Terrett Terrett said the bill proposes to allocate only $2 billion for the SEC’s overall funding for fiscal year 2025, short of the $2.59 billion budget proposed by SEC Chair Gary Gensler in March. Additionally, funding…

Polkadot Blockchain Academy Fifth Cohort Kicks Off: Details

BlockchainJun 5

As a pioneering institution in blockchain and Web3 education, PBA aims to nurture developer talent, grow a global community and advance the Polkadot (DOT) ecosystem of dApps of various types. Polkadot Blockchain Academy (PBA) onboards fifth cohort of students According to the official statement by the Polkadot (DOT) team, its blockchain education unit, Polkadot Blockchain Academy (PBA), launched the fifth cohort of its learning courses. The main program of this cohort landed in Singapore, Asia's major crypto hub. Wrapping up the second week at the Polkadot Blockchain Academy in Singapore! 🌏 This week, our students dove deep into the modules…

$85,000 BTC? – Bitcoin Breaks Out, Nearing New All-Time Highs As Analysts Weigh Possible Next Leg Up

BitcoinJun 5

Crypto short sellers are getting liquidated as Bitcoin (BTC) breaks out past the $70,000 mark once again while altcoins also rally. According to liquidation data from CoinGlass, the crypto markets have seen more than $187 million in liquidations in the last 24 hours – the majority of which are short sellers. In the last day, Bitcoin liquidations alone have accounted for $78.24 million. Bitcoin shot up to as high as $72,631 Monday from its seven-day low of $65,069. BTC is trading for $71,762 at time of writing, up more than 3% in the last 24 hours. Over the same period,…

Immutable X Optimizes NFT Transactions

NFTJun 5

Immutable X has positioned itself as the premier layer-two scaling solution for NFTs on Ethereum. This blockchain solution overcomes Ethereum’s hurdles such as limited scalability, subpar user experience, lack of liquidity, and sluggish developer interactions. Users benefit from zero gas fees for minting and trading NFTs without compromising on security, enjoying instant transactions and significant scalability. Utilizing STARK zk-rollups, a technology endorsed by Vitalik Buterin as a comprehensive solution for Ethereum, Immutable X aims for broad adoption. Contents 1 What is Immutable X (IMX)? 2 Streamlined User Experience 3 IMX Coin Review 4 How to Buy Immutable X Coin? 5…

Roaring Kitty Faces ETrade Ban as GameStop Holdings Surge 48%: Report

RegulationJun 5

Famed investor and meme stock celebrity Keith Gill, better known as Roaring Kitty, may be dropped from top retail stock trading platform ETrade, according to a Wall Street Journal report. Citing “people familiar with the matter,” the WSJ said Monday that ETrade, owned by investment giant Morgan Stanley, is “growing concerned about potential stock manipulation around his recent purchases of GameStop (GME) stock.” The exclusive report comes as Gill's long-dormant account on Reddit posted a screenshot late Sunday of an investment account holding over $200 million worth of GameStop shares and call options. The return of Roaring Kitty to Twitter…

OP, YGG Feeling Sell-Side Pressure as Unlocks Loom

AltcoinsJun 5

OP, YGG, and DYDX have scheduled unlocks this week, where previously unavailable tokens will be released into the market. While OP and YGG are down against the CD20, DYDX seems to be less affected. Ethereum Layer 2 solution Optimism's native token OP and Yield Guild Games' YGG token were both in the red during the Asia afternoon trading day, as both tokens have unlocks scheduled for later this week. In the digital assets world, unlocks refer to the scheduled release of a specified amount of the project's tokens that were previously locked to prevent team members from dumping on retail…