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.

How to Stake Polkadot (DOT): The Ultimate Guide

AltcoinsJun 4

Cryptocurrency staking is a process where users are able to temporarily lock their tokens in exchange for a reward, most commonly in the form of interest. Unlike blockchains, which are based on the Proof of Work (PoW) consensus algorithm, like Bitcoin, Polkadot makes use of an algorithm called Nominated Proof of Stake (NPoS). NPoS comes with many intricacies centered around the interoperability of Polkadot’s parachains, which are essentially connected and secured by the main network, also known as the Relay Chain. Beyond its many features, NPoS also enables staking. The following guide provides an in-depth explanation of how Polkadot staking…

WadzPay’s New Deal to Tokenize Mining Assets in Congo

MiningJun 4

WadzPay Technologies Africa Pty Ltd, renowned for its blockchain-based financial solutions, has entered into a strategic partnership with Societe Miniere D’Investissement SA (SMI), an investment entity focused on mining projects in the Republic of Congo. This alliance is set to revolutionize how mining assets are financed and managed, potentially setting a new standard for economic development within the region. A New Era for Mining and Finance The collaboration between WadzPay and SMI is aimed at leveraging blockchain technology to digitize mining assets, enhancing the financial and operational capabilities of Medium, Small and Micro Enterprises (MSMEs) in the Republic of Congo.…

Spot Bitcoin ETF Flows Turn Negative Again as Grayscale Sees Over $300M in Outflows

BitcoinJun 4

Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States have experienced a reversal in investor sentiment, seeing net outflows following four consecutive days of inflows. The significant contributor to the shift was Grayscale’s GBTC spot ETF, which recorded a single-day net outflow surpassing $303 million. However, other Bitcoin ETFs saw net inflows during this period, with Bitwise Bitcoin ETF leading the way with a net inflow exceeding $40 million, followed by BlackRock’s iShares Bitcoin Trust with a net inflow of over $21 million, as per data from Farside. Spot Bitcoin ETFs See $224 Million in Net Outflows When considering…

dYdX, 3Jane, MakerDAO, and More

DeFiJun 4

The decentralized finance (DeFi) sector continues to evolve, with several significant launches and updates making waves. BeInCrypto has examined the latest happenings, providing a comprehensive overview of the most noteworthy developments in the DeFi space. From the launch of dYdX’s Android app to 3Jane’s derivatives yield layer, the sector is brimming with innovation and progress. Term Structure’s Mainnet Launch Term Structure has now launched its mainnet on Ethereum (ETH). This marks the debut of the first market-driven, institutional-grade fixed-income protocol. It is changing how lenders and borrowers manage liquidity in DeFi. This platform lets users borrow tokens at fixed rates…

Global adoption of CBDCs is growing, but interoperability presents challenges

RegulationJun 4

Pallavi Thakur, Director of Strategy and Innovation at Swift, and Ryan Rugg from Citi shared insights at Money20/20 from their recent collaborative CBDC experiment. Both Thakur and Rugg cited the rapid progress of the global adoption of central bank digital currencies (CBDCs). However, they underscored the pressing need for interoperability among different systems, a challenge that demands immediate attention. “It’s like the early days of the Internet. You have all these various intranets developing,” Rugg said. “What’s going to be the connectivity between all of it?” Adoption of CBDCs The adoption of CBDCs is gaining momentum globally as central banks…

New Elon Musk and Dogecoin (DOGE) Animation Stirring Major Community Buzz

AltcoinsJun 4

A new animation of one minute, 24 seconds in length, featuring Elon Musk and Dogecoin (DOGE), is generating a major buzz in the crypto space as the short clip addresses prevailing concerns of interoperability in the Web3 ecosystem. The post, shared on X by Sir Doge of the Coin, speaks of introspection with Michael Jackson’s classic song, "Man in the Mirror," used as the soundtrack to the short animation with a powerful message for players in the cryptocurrency space. Musk suffers insomnia from DOGE rejection The animation portrays the frustrations that greet users of one platform who are unable to…

Revolutionizing Gaming on the Blockchain

GameFiJun 4

Funtico, an all-new incentivized gaming platform with unreal prizes, is set to launch soon and bring the world of Web3 gaming into the next generation. Funtico is doing Web3 gaming right – with a competitive environment and an ecosystem that rewards those who battle and play to win. Funtico chose to come to Avalanche for the power of customizable subnet blockchains with the scalability that the high demands of gaming require. The freedom that subnets provide developers continues to reinforce Avalanche as the premier space for Web3 gaming. Avalanche and Funtico will work together to bring an initial roster of…

Bitcoin Miners Have Diverse Operations

MiningJun 4

The U.S. Energy Information Administration (EIA) estimates Bitcoin mining uses about 170 TWh of electricity per year, or about 0.6% to 2.3% of annual American electricity consumption. The aggregate market cap of 14 publicly traded U.S. mining companies totals about $20 billion, according to an April report by JPMorgan Chase. As the Bitcoin mining industry has grown, so too has its reputation. And that reputation is largely negative. Discussions with three different Bitcoin mining executives through more light about their operations and the reality of Bitcoin mining. Chronos Energy Chronos Energy is an off-grid Bitcoin mining company that utilises stranded…

Bitcoin Supply Inactive for a Year Slides to 18-Month Low of 65.8%

BitcoinJun 4

The percentage of bitcoin's circulating supply last active at least a year ago has declined from 70% to 65.8% in three months. The decline probably indicates profit-taking by some investors in a rising market. The percentage of bitcoin's circulating supply that last moved on-chain at least a year ago has declined to the lowest since October 2022, according to data tracked by blockchain analytics firm Glassnode. On Monday, 12.95 million BTC, equating to 65.84% of the circulating supply of 19.67 million BTC, remained unchanged for over a year, the lowest percentage since October 2022. The metric peaked above 70% with…

Here’s How the Upcoming TREAT Token Benefits the SHIB Ecosystem

AltcoinsJun 4

Shiba Inu marketing specialist Lucie recently explained how the upcoming TREAT Token benefits the SHIB ecosystem amid queries and misconceptions. Shiba Inu is gearing up for a significant expansion with the introduction of its latest addition, the TREAT token. Lucie’s disclosure came on the back of comments from some proponents following the announcement of a $12 million funding round dedicated to its development. Benefits of TREAT to the Shiba Inu Ecosystem She shed light on the pivotal role TREAT will play within the SHIB ecosystem. At its core is the function as the ecosystem reward token. Once operational, users engaging…