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.

Immutable X Optimizes NFT Transactions

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…

NFTJun 5

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

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…

RegulationJun 5

OP, YGG Feeling Sell-Side Pressure as Unlocks Loom

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…

AltcoinsJun 5

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

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…

LegalJun 5

Chakra Partners With Starknet Foundation To Advance Blockchain

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…

BlockchainJun 5

BlackRock's Bitcoin ETF Nearing $20 Billion in Assets

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…

BitcoinJun 5

How Fake Volume Distorts the Market

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,…

NFTJun 5

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

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…

AltcoinsJun 5

BlockGames Announces Its New Collaboration with SKALE Network

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,…

GameFiJun 5

The Stratos v0.12 upgrade release

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…

BlockchainJun 5