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.

Analog Unveils Incentivized Testnet to Foster Cross-Chain Development

Analog, a pioneering Layer-0 cross-chain communication protocol and Web3 data provider, has officially launched its highly anticipated incentivized testnet. This development marks a significant milestone in Analog’s mission to enable true interoperability across various blockchain networks, empowering developers to build decentralized applications (dApps) with a diverse range of tools. Analog’s suite of products includes Analog Watch, a comprehensive indexing and query protocol that simplifies Web3 data access via a GraphQL endpoint. Developers can utilize the open-source Watch SDK or the hosted Watch Portal to streamline their workflow. Analog GMP (General Message Passing) is a permissionless communication layer that enables dApps…

BlockchainMay 24

Ethereum ETF Decision Hours Away: Sell the News?

As the final decision on VanEck’s spot Ethereum exchange-traded fund (ETF) approaches, the financial and crypto communities are abuzz. The crypto community speculates if the potential approval has been priced into Ethereum’s (ETH) market value or if it could lead to significant market changes. Ethereum ETF Decision Expected Around 16:00 ET Eric Balchunas, a Bloomberg ETF analyst, anticipates an announcement from the SEC around 16:00 ET today. Based on previous decisions, like the one for the spot Bitcoin ETF approved at 15:45 ET, we might expect a similar schedule. Markus Thielen of 10X Research suggests that SEC Chair Gary Gensler…

EthereumMay 24

Here Are Top 10 Meme Coins to Watch This May

This article highlights ten recommended meme coins to watch this May as the market anticipates a bullish relief from the recent widespread bloodbath. While April was already a challenging month for altcoins, May opened with a significant bearish tone, forcing them to hit lower lows. Meme coins expectedly took a more significant hit than the broader altcoin landscape. However, prominent market watchers believe the market recovery is imminent. They argue that Bitcoin’s plunge to $56K signals the end of the two-month-long downturn. As a result, the crypto community is confident in the potential for meme coins to again lead the…

AltcoinsMay 24

Casper Labs and IBM Reveal Prove AI Blockchain Solution for AI Governance

Casper Labs introduces Prove AI to enhance transparency and auditability for artificial intelligence training data using blockchain technology. According to a press release shared with Cryptonews.com, Casper Labs announced the launch of Prove AI, an AI governance solution designed to improve transparency and auditability of AI training data. Casper Labs Introduces AI Management Blockchain Solution The release stated that this new solution leverages blockchain technology and integrates seamlessly with IBM’s watsonx.governance platform. Prove AI aims to provide a secure and reliable method for maintaining and sharing audit logs of AI data. It includes AI version control, multi-party access controls, and…

BlockchainMay 24

Hong Kong's Bitcoin and Ethereum ETFs Could Fetch $25 Billion—If China Plays Nice

Hong Kong’s spot Bitcoin and Ethereum exchange-traded funds (ETFs) could begin trading by the end of the month, the veteran analyst behind 10x Research told Decrypt. “While no trading date has been set, expectations are for April 30,” said 10x Research founder Markus Thielen. He also writes research reports for Singapore-based trading platform Matrixport and was previously its Head of Research and Strategy. Thielen's comments come the day after Hong Kong gave conditional approval for a number of spot Bitcoin and Ethereum ETF applications managed by China Asset Management, Harvest Global, Bosera, and HashKey, respectively. As a result of the…

BitcoinMay 24

Ethereum (ETH) Skyrockets in Key Metric

In the fast-paced world of cryptocurrency, Ethereum (ETH) has recently captured attention with a notable surge in a critical metric that could shape its future trajectory. CryptoQuant, a leading market analytics platform, has highlighted a significant development in the perpetual futures market that may influence Ethereum’s price dynamics moving forward. The focal point of interest is the seven-day moving average of the Taker Buy Sell Ratio on the Ethereum perpetual futures market. This metric serves as a crucial indicator of market sentiment, reflecting whether buyers or sellers dominate market orders. A ratio below 1 indicates a higher prevalence of selling…

EthereumMay 24

Blockchain Technology Helps Enable Reusable KYC Solutions

Know-your-customer (KYC) solutions are becoming increasingly important for crypto companies, financial services firms, and institutions. Grand View Research found that the global KYC software market size was valued at $2.93 billion in 2021. The number is expected to expand at a compound annual growth rate (CAGR) of 20.8% over the next six years. Grand View Research’s report further noted the growth of the KYC market, which can be attributed to the importance of compliance management and the rising number of identity-related frauds in financial institutions. The rise of deep fakes and artificial intelligence (AI) related scams is also leading to…

BlockchainMay 24

Bitcoin Traders Brace for Runes Launch by Setting Up Their Own Nodes—Why?

Exchanging Bitcoin for Runes via a command-line interface? For some, setting up a Bitcoin node—which validates transactions and keeps a record of network activity—that is capable of doing just that evokes a sense of confusion or dread. For others, it’s a technical endeavor that could come in handy soon when Runes, a protocol for Bitcoin-based fungible tokens (such as meme coins), unleashes a sluice of new assets on the network. “A lot of people are super intimidated to run a Bitcoin node,” Trevor Owens, general partner at the Bitcoin Frontier Fund and CEO of Ninjalerts, told Decrypt. “The reality is…

BitcoinMay 23

Milady NFTs soar to new heights amid volatility

Despite a turbulent period for the broader NFT market, Milady NFTs have seen a remarkable surge in popularity and value, highlighting the unique dynamics and resilient interest in certain digital art collections. Over the past month, the NFT market has experienced significant volatility. Factors contributing to this include fluctuating cryptocurrency prices, regulatory uncertainties, and varying market sentiment levels. However, Milady NFTs have distinguished themselves within this unpredictable environment with an impressive upward trajectory. Most significant Ethereum NFT collections, such as Azuki and the Mutant Ape Yacht Club, were sold out by traders as ETH surged during the previous two days;…

NFTMay 23

Ethereum ETFs are the wrong solution to the right problem

Numbers don’t lie — spot bitcoin exchange-traded funds (ETFs) have been a boon for the market. The first day of trading in the US saw over $4.6 billion in volume. Within a month, bitcoin rose above $50,000 for the first time since the bear market and hit $70,000 in March for the first time ever. But this bitcoin ETF liquidity boost does not address any of the underlying issues in today’s crypto user experience, nor does it offer investors empowerment through self-custody. In the case of ethereum ETFs, the outcome will likely be the same. Rather than rely on regulatory…

EthereumMay 23