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.

U.S. Lawmakers Push Biden to Bring Back Detained Binance Exec Tigran Gambaryan From Nigeria

LegalJun 5

The lawmakers say Gambaryan is being held hostage and they fear for his life. The Binance exec has been detained in Nigeria for nearly three months and may be suffering from Malaria. A group of U.S. lawmakers asked President Joe Biden to bring back Tigran Gambaryan, the Binance executive who has been detained in Nigeria for almost three months. Michael McCaul (R-Texas), the House Foreign Affairs Committee chair, along with 11 other leaders, sent a letter to Joe Biden, Secretary of State Antony Blinken and Presidential Envoy for Hostage Affairs Roger D. Carstens. In the letter, they urged the president…

Chakra Partners With Starknet Foundation To Advance Blockchain

BlockchainJun 5

Chakra, the first ZK-based BTC settlement network with a universal restaking protocol, announced its partnership with the Starknet Foundation. The collaboration aims to improve parallelization and decentralized or shared sequencing for the Madara Starknet Substrate stack. One of the key initiatives is optimistic parallelization using BlockSTM. This technology is expected to be implemented on the Starknet mainnet soon and will improve the functionality of Madara Starknet. Chakra and the Starknet Foundation are working together to improve the viability of the block economy on the Madara Starknet chains. This partnership provides much greater network performance and reliability. The collaboration will also…

BlackRock's Bitcoin ETF Nearing $20 Billion in Assets

BitcoinJun 5

According to the data shared by Eric Balchunas, a senior ETF analyst at Bloomberg, is currently approaching $20 billion in assets under management. This, as the analyst notes, already puts it in the top 3% among Bitcoin ETFs. BlackRock's new product has now managed to surpass such veterans as the iShares MSCI Emerging Markets ETF (EEM), the iShares MSCI Japan ETF (EWJ), the VanEck Semiconductor ETF (SMH), and the iShares TIPS Bond ETF (TIP). As reported by U.Today, BlackRock's iShares Bitcoin Trust (IBIT) managed to join the $10 billion club in early March. The ETF achieved this huge feat in…

How Fake Volume Distorts the Market

NFTJun 5

The NFT market has seen significant levels of wash trading, where traders engage in artificial trades to inflate trading volume. Data from Blur, OpenSea, and Magic Eden highlight this trend. Blur leads in wash trading volume with 18.88%, followed by Magic Eden at 27.98%. OpenSea has the lowest at 0.88%. Among the collections, Blur and Magic Eden have high wash-trading levels. Blur’s total volume is $1.29 billion, with 18.88% attributed to wash trading, resulting in an organic volume of $1.05 billion. Magic Eden’s total volume is $206.66 million, with 27.98% wash trading, leaving an organic volume of $148.83 million. OpenSea,…

Uniswap Multichain Users Hits 3.2 Million, Here's Price Reaction

AltcoinsJun 5

Pioneering decentralized exchange (DEX) Uniswap is in the spotlight today as it is celebrating a major milestone in its multichain adoption. According to an update shared on X, exactly 3,271,574 users are currently using Uniswap multichain protocols. The exact chains in use include Ethereum, Arbitrum, Celo, Binance Coin (BNB), Base, Polygon and Avalanche. Uniswap started as an Automated Market Maker (AMM) on the Ethereum blockchain. Gradual expansion fueled by adoption has made Uniswap expand to other networks, doubling down on its extensive reach. The exchange, showcasing the impact of interoperability in the blockchain ecosystem, has predicted that the future of…

BlockGames Announces Its New Collaboration with SKALE Network

GameFiJun 5

BlockGames, a cross-chain, cross-game decentralized network of players, has announced an exclusive collaboration. As per the company, it is partnering with SKALE Network which is an Ethereum-based L2 sidechain network that assists the dApp development with a cost-effective and low-latency environment. The platform revealed this endeavor on its official account on the social media forum X. @GetBlockGames x @SkaleNetwork 🤝 🟪 We are thrilled to announce our partnership with SKALE Network. SKALE is a high-performance blockchain network designed for the needs of Web3 applications. Their scalable infrastructure and developer-friendly environment make them a leading… pic.twitter.com/1k6XYfNDXl — BlockGames (@GetBlockGames) June 4,…

The Stratos v0.12 upgrade release

BlockchainJun 5

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Witness the evolution of decentralized infrastructure technology with the Stratos Network’s latest milestone, the v0.12 upgrade. This groundbreaking release introduces a multitude of features designed to enhance the capabilities of the Stratos Chain and Decentralized Storage network and revolutionize the user experience within the Stratos ecosystem. Unleashing Stratos chain’s potential The Stratos Chain receives a significant boost in functionality with the v0.12 upgrade. Now, users can seamlessly send Cosmos transactions, such as delegate and undelegate tokens, using Wallet Connect…

Not Bitcoin Spot ETFs, But This Indicator Is the Real Bull, Analysts Say

BitcoinJun 5

Cryptocurrency market analysts have traditionally relied on demand for spot Bitcoin (BTC) ETFs to predict the direction of digital asset prices. But a new report by 10x Research suggests that stablecoin supply may be a more accurate indicator of crypto demand. Stablecoins, digital assets with a fixed price predominantly pegged to the US dollar, are a crucial infrastructure component that bridges the gap between traditional currencies and the digital asset world and provides liquidity for trading. According to Markus Thielen, founder of 10x Research, changes in their supply offer valuable information about the health of the crypto market. “We recommend…

Crypto Miner Core Scientific Inks $3.5 Billion Deal to Diversify Into AI

RegulationJun 5

Core Scientific has announced a $3.5 billion, 12-year contract with the Nvidia-backed cloud service provider – CoreWeave. This significant partnership marks a strategic shift for Core Scientific as it ventures beyond Bitcoin mining into high-performance computing (HPC) and machine learning. CoreWeave will also enhance Core Scientific’s existing infrastructure, making it apt for complex artificial intelligence (AI) applications. Crypto Miners Diversify Into AI This deal expands upon a pre-existing collaboration between the two firms. It aims to retrofit Core Scientific’s facilities into cutting-edge, application-specific data centers. These enhancements are crucial for advanced computing tasks that modern AI technologies demand. Under the…

Binance Announces the Altcoin It Chose for the 53rd Launchpool Project! BNB Mobilized After the Announcement!

AltcoinsJun 5

Binance, the leading global cryptocurrency exchange, introduced Renzo (EZ) as the 53rd project in the Binance Launchpool, a liquid repurchase protocol aimed at increasing user participation in the crypto ecosystem. Binance Launches Renzo (EZ) on Launchpool The Launchpool web page for Renzo (EZ) is expected to go live in approximately 5 hours, just before Launchpool launches. Users will have the opportunity to deposit BNB and FDUSD tokens into separate pools to collect EZ tokens over a six-day period starting at 03:00 on April 24, 2024. Listing Details After the farming period, Binance will list EZ tokens for trading starting at…