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 Super-Fast Sei Blockchain’s Ecosystem Is Flourishing

BlockchainJun 5

The Sei blockchain stands out for its sensational speed, finalizing blocks in under 390 milliseconds, giving it the status of the fastest decentralized network in existence. It’s the industry’s first “parallelized EVM blockchain”, merging Ethereum’s pioneering development framework with the cutting-edge performance of Solana, prioritizing high-throughput, reliability and security. Sei is a part of the Cosmos ecosystem of blockchains and is designed to support an extensive array of dApps that need to cater to high-frequency trading at low costs and deliver a seamless user experience. Having launched its mainnet in August 2023, its advanced infrastructure has become a big hit…

Options market projects Bitcoin’s chances of reaching $100k

BitcoinJun 5

More than 600 Bitcoin $100,000 strike call options were traded in a significant block trade earlier today. According to Greeks.live, the traders had a notional value of up to $45 million and $8.5 million worth of premiums alone. Per the options market, traders are confident that Bitcoin’s price will reach or exceed $100,000. In simple terms, many traders are wagering that Bitcoin’s price will soar much higher, underlining a bullish sentiment in the cryptocurrency market. Bitcoin broke through the $70,000 zone without warning, one step away from a new all-time high. The rapid rise has driven all major term IVs…

South Korea’s Nonghyup and Woori advance tokenization projects

RegulationJun 5

South Korean financial industry players are pushing on with tokenization efforts, with two of the country’s largest banks making major strides over the past week. According to a report by local outlet Maekyung, NH Nonghyup Bank received KRW 1 billion ($736,000) from the Korea Internet & Security Agency to advance its tokenization efforts. Nonghyup has channeled the funding to develop a tokenization platform that it hopes to launch before the end of the year. Clients will be able to tokenize any real-world asset on the bank’s platform, from real estate and stocks to art and intellectual property, according to local…

Ethereum Validator Ranks XRP Investment Safer than ETH

AltcoinsJun 5

A German-based Ethereum validator with X name Crypto EA has given a higher “safe” surge rate to an XRP investment than ETH. In a recent post on X, Crypto EA outlined the cryptocurrencies that comprise the most significant portion of his investment portfolio. The list included ten digital assets, with prominent ones like XRP, Ethereum (ETH), Fetch.ai (FET), and Vechain (VET). Meanwhile, the Ethereum validator specified a range for the expected surge of each asset, noting these ranges to be a “safe” zones for the respective tokens. Interestingly, he offered a higher safe range zone for XRP than Ethereum. My…

Is BitVM the Holy Grail of Bitcoin? It’s Complicated, Developers Say

BitcoinJun 5

A once-vaunted scaling innovation for Bitcoin may be much more limited in practice than its early proponents once claimed, according to developers. Since its introduction in October, BitVM—described as a “computing paradigm” to express smart contracts on Bitcoin—has been pitched as a potential way to bridge BTC to other blockchains in a truly decentralized manner. If so, it could unlock a world of applications for BTC holders that are currently exclusive to other chains, including privacy, scalability, and dApps. However, such bridges will introduce a key limitation that critics claim the technology’s supporters have been elusive about. “BitVM bridges are…

Crypto Market Awaits Massive Value Flow Caused by $517 Billion in Unrealized Losses for US Banks

RegulationJun 5

The US banking system is in a tough spot again with half a trillion of unrealized losses. $517 billion of unrealized losses have been recorded due to high mortgage rates. This has pushed 63 lenders to the brink of insolvency, Bitcoin pump ahead. The US banking system is one again under hot water as $517 billion is recognized as unrealized losses. The FDIC says 63 lenders are on the brink of insolvency. Will these US banks have to be bailed out again or will Bitcoin and cryptocurrency bring a solution? According to the Quarterly Banking Profile report, the US banking…

Why Two DePIN Projects Are Dominating the Top 100 With Double-Digit Gains

AltcoinsJun 5

While Bitcoin and Ethereum remain flat for the day, two tokens linked to decentralized physical infrastructure networks (DePIN) have been booming. The tokens for Akash Network and Zebec Network have posted monster gains, with AKT rising by 52.4% and ZBC by 38.5% in the past day. At the time of writing, AKT is trading for $6.29 and ZBC is trading for $0.03473, according to CoinGecko data. That's while the Bitcoin price has kept its footing above $66,000 and the Ethereum price has lost some ground to trade just below $3,200. DePIN has been an especially buzzy category in crypto lately.…

Bitcoin Shorts Get Burned Amid $72K Surge, Liquidations Top $170M

BitcoinJun 5

In the last 24 hours, Bitcoin has engineered a notable comeback, reclaiming the $70K threshold after its recent bearish performance. Notably, BTC crashed to a low of $64,559 on April 3 but has rallied by over 10% to re-enter the $70K territory within the last 24 hours. However, Bitcoin momentarily failed to defend this recently reclaimed $70K threshold amid a retracement to within the $68K territory shortly after. Meanwhile, short traders swiftly leveraged the uptick to open positions, betting against BTC’s performance. Prominent market watcher, Ali Martinez, has called attention to this trend in a recent update on X. Martinez’s…

US FP Council Says Ripple to Rival Visa and Mastercard for Digital Assets Currency Conversion

RegulationJun 5

The U.S. Faster Payments Council (FPC) has recognized Ripple among companies like Visa and Mastercard set to compete for dominance in currency conversion for digital assets. This acknowledgment was part of the most recent insights from the FPC Work Groups investigating ways to enhance the speed of real-time payments, with a particular focus on reducing the 2-3 day settlement time to instant. The FPC #DigitalAssets Work Group has just published its next blog on “Where Worlds Collide: #CurrencyConversion for #CrossBorder and Digital Assets.” Read the post here: https://t.co/43bLGKUhiX pic.twitter.com/gh7Umy8tlE — Faster Payments Council (@Faster_Payments) June 3, 2024 Currently, efforts to…

The Top 5 Ethereum Layer 2 Projects of 2024 Revealed

AltcoinsJun 5

Polygon (MATIC): Pioneer in scalability with Polygon SDK for diverse applications. Mantle (MNT): Modular architecture, integrating EIP-1559 for improved transactions. Immutable (IMX): NFT scalability leader, overcoming Ethereum’s limitations with strategic partnerships. In the ever-evolving landscape of blockchain technology, Ethereum stands out as a beacon of innovation. As the platform grows in popularity, so does the demand for solutions to its scalability issues. Enter Layer 2 projects, the ingenious answer to Ethereum’s challenges. Here, we unveil the top 5 Ethereum Layer 2 projects of 2024, each offering a unique approach to scalability and efficiency. 1. Polygon (MATIC) Leading the pack is…