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Author: 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.

Gnosis Pay and Visa Partner to Integrate Web3 with Traditional Payments

Gnosis Pay, a pioneer in next-gen banking infrastructure, has announced a groundbreaking partnership with Visa, the global leader in digital payments. This collaboration aims to integrate digital currencies into everyday transactions, enhancing the practicality and efficiency of digital payments. — Gnosis Pay's decentralized network enables the provision of on-chain spending accounts linked to Visa debit cards, usable at any Visa-accepting merchant globally. For consumers, this means a smoother experience where digital currencies can be spent effortlessly in daily transactions, reducing inefficiencies and providing a more flexible payment method. After successfully launching the first batch of Gnosis Cards across Europe in…

Exchanges

Dabba Announces Expansion of 10,000 New Wifi Hotspots in India Through Depin Program

Dabba, a decentralized physical infrastructure network (Depin), has announced it will deploy 10,000 new wifi hotspots globally, aiming to enhance internet accessibility in underserved Indian regions. This expansion coincides with the upcoming token generation event on the Solana blockchain scheduled for July. Dabba’s Depin Initiative Targets India with 10,000 Wifi Hotspots The initiative, dubbed season two of Dabba‘s service rollout, is set to provide internet solutions to areas with high data demand, particularly in rural and semi-urban regions of India. Despite India‘s high number of internet users, approximately 44% of its population remains offline, underscoring a significant gap in digital…

Blockchain

Bitwise reveals spot Bitcoin ETFs outperformed pre-release predictions by a significant margin

Spot Bitcoin exchange-traded funds (ETFs) surpassed several predictions about their assets as their collective assets under management (AUM) hit $59.1 billion within the first three months of the year, Bitwise revealed in a research report on April 11. JP Morgan and Bitcoin investment management firm NYDIG anticipated that spot Bitcoin ETFs could achieve an AUM of $36 billion and $30 billion by the year’s end. Meanwhile, Matrixport predicted the ETF would garner an AUM between $24 billion and $50 billion by Dec. 31, 2024. The actual AUM is nearly twice as high as each company’s earlier prediction, and spot Bitcoin…

Bitcoin

New NFT Projects & Best Upcoming NFTs in 2024

While more established NFT projects continue to dominate the NFT markets in terms of activity and valuations, there’s a constant stream of new NFT projects that are trying to stake their claim in the NFT sector. In this article, we will be highlighting the best new NFT projects that could gain in popularity and reach higher valuations in the future. We limited this list to projects that had their launch in 2023 and 2024. Most of the NFT projects on our list are profile picture or “PFP” NFT collections, as this genre of NFTs has broad appeal and has been…

NFT

These Are All the Ethereum ETFs Approved in the US

Despite the historic approval of 11 spot Bitcoin exchange-traded funds in January, industry observers were pessimistic about the United States Securities and Exchange Commission (SEC) giving the green light to an Ethereum equivalent. But on May 23, after months of little engagement with applicants, the regulator quietly said yes to the products. An exchange-traded fund (ETF) is a popular investment vehicle that trades on a stock exchange. It allows investors to buy shares that track the price of an underlying asset—which could be anything from gold and foreign currencies to crypto and tech stocks. The approval of spot Ethereum ETFs—just…

Ethereum

Neo researchers to unveil novel random number provider protocol for blockchains at DSN 2024

Researchers from NGD and the R3E developer community are poised to unveil a novel random number provider protocol for BFT consensus-based blockchains such as Neo N3 and Neo X. This new protocol deviates from the traditional “commit-execute” models, offering a significant boost in response times, security, and reduced on-chain data requirements. The findings will be presented by Jimmy Liao, the primary author of the research paper and core developer for the Neo blockchain. Liao will showcase the research at the 54th Annual IEEE/IFIP International Conference on Dependable Systems and Networks in Brisbane, Australia. The paper passed a rigorous peer-review by…

Altcoins

Mysterious $289 Million USDT Transfer Exits Binance Amid Mt. Gox Drama

The infamous cryptocurrency exchange Mt. Gox has once again hit the headlines , as significant transfers from its cold wallet have begun. In just the past few hours, over 107,000 BTC worth over $7.2 billion has been transferred in several tranches to an unknown address. While massive withdrawals have been made, the Mt. Gox wallet still holds more than 30,000 BTC, which is worth about $2 billion at current exchange rates. This activity comes ahead of the promised distribution of funds to creditors by Oct. 31, 2024. The sudden transfer of such a huge amount of Bitcoin has caused concerns…

Exchanges

Nexo integrates The Tie’s analytics to expand data own invade access for users

Nexo announced an integration with The Tie to enhance its platform with real-time analytics for its users. The integration allows Nexo users to access various indicators, including X (formerly Twitter) statistics, on-chain activity, gas fees, ownership distribution, and detailed asset descriptions. The action aligns with Nexo’s goal of making data accessible to all and enhancing the trading experience for users. Elitsa Taskova, Nexo’s Chief Product Officer, emphasized the importance of equipping users with tools to understand market dynamics, given the $4.29 trillion trading volume on centralized exchanges in the first quarter of 2024. “This integration brings institutional-grade analytics to the…

Blockchain

The Sandbox DAO, a major step toward an open metaverse

The Sandbox has announced the launch of The Sandbox DAO, its global community. In order to determine the future of the open metaverse, the corporation encourages citizens to propose and participate in governance decisions. Built on blockchain technology with Web3 components and NFTs, The Sandbox ecosystem has more than five million users and aspires to be owned and operated by the community it serves. The company has delivered The Sandbox DAO for the upcoming open metaverse. This will provide users with the opportunity to participate in platform-related activities. This allows the Sandbox community of participants, owners, creators, and brands to…

Metaverse

How Asia’s next crypto investment wave will be ignited from Bitcoin ETFs

On January 10, 2024, the U.S. Securities and Exchange Commission (SEC) approved multiple applications for spot Bitcoin ETFs. On day one, $4.6B in shares were traded, with cumulative trading volume exceeding the $50B mark by February 22. The ETF approval in the U.S. is expected to have a far-reaching impact across Asian markets where investment flows are already significant, especially in institutional investing, and picking up pace. The question on the minds of observers, investors, and industry participants is: “What’s next?” By taking stock of what has happened in the US and as we look East, we can better understand…

Bitcoin