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.

XRP Receives Crucial Adoption Boost With New RippleX Feature

RippleX, the development arm of Ripple, has introduced a significant enhancement to the XRP Ledger (XRPL) aimed at enhancing adoption and usability. Senior Software Engineer at RippleX Mayukha Vadari revealed the release of a new specification, XLS-68d, designed to simplify transaction processes. The focal point of this development is the introduction of sponsored transaction fees and reserves. This feature enables platforms to handle transaction fees and account reserves on behalf of their users, thereby streamlining the user experience and reducing barriers to entry for new participants. The proposal acknowledges the growing complexity of blockchain technology and aims to address it…

AltcoinsMay 23

Alchemy Pay to launch a Web3 Digital Bank for smooth fiat-crypto conversion

Alchemy Pay, a renowned crypto-fiat payment provider, has revealed plans to launch a Web3 Digital Bank. Alchemy Pay Set to Launch Web3 Digital Banking Solution for Enterprises https://t.co/G22k82rVZj — Stock Market News (@Stock_Market_Pr) May 21, 2024 Global enterprises can leverage this initiative to open and run many accounts, manage cash flows, and facilitate smooth fiat-crypto conversion. The compliant firm remains well-suited to offer regulated digital banking solutions to Web3 firms. The banking solutions and fiat-crypto integration will allow individuals to convert fiat to crypto (or vice versa) using one bank account. Alchemy Pay has been in the crypto payments sector…

ExchangesMay 23

No, Elon Musk Is Not Testing XRP Payments

Vet, a validator on the XRP Ledger (XRPL), has shut down rumors about Elon Musk's X social media network testing XRP payments. The rumor was based on the fact that a transaction with the "Musk" label was recently spotted on the network. However, as noted by Vet, there is no authorization needed from the famous entrepreneur for labeling this account. "I can label my account to be by Musk or JPM as well. No proof needed," he added. X is actually expected to launch peer-to-peer payments this year. However, it is not clear whether Musk's social network will actually support…

AltcoinsMay 22

Bitfinex lists the web3 crypto of Portal: $PORTAL

Today, the crypto exchange Bitfinex announced the listing of the PORTAL token, from the eponymous Web3 gaming platform. This Bitfinex #TokenTuesday welcomes $PORTAL!@Portalcoin allows gamers to move between games with a transferable asset 🎮 Connecting games and gamers to form an ecosystem in #Web3 gaming! Discover more:https://t.co/HB4tPvGKg7 pic.twitter.com/wzOUh19pI5 — Bitfinex (@bitfinex) May 21, 2024 It is the native token of the homonymous multi-chain system and web3 gaming platform. Web3: Bitfinex lists the crypto PORTAL The game Portal Bitfinex and the listing of the crypto Web3 PORTAL The Web3 gaming Web3: Bitfinex lists the crypto PORTAL The token Portal landed on…

ExchangesMay 22

Here’s Top 10 Cryptocurrency Projects Invested in by VCs in April

After April, which was not a good month for the Bitcoin and cryptocurrency world, new data continues to arrive for this month. Finally, data was shared on which cryptocurrency projects corporate companies invested the most in April. According to data, cryptocurrency venture capital firms publicly invested in 161 projects in April. The amount of investment made in these projects in April was 1.02 billion dollars. The biggest financing among the projects was Monad, which managed to raise 225 million dollars by organizing an investment tour led by Paradigm. Then comes the Berachain project, which organized a Series B financing round…

AltcoinsMay 22

Robinhood lowers interest rate on margin loans in growth push

May 21 (Reuters) - Trading app Robinhood Markets (HOOD.O, opens new tab is lowering the rate of interest it charges on its margin loans, it said on Tuesday, to encourage more customers to avail this facility that allows them to borrow against securities they hold. WHY IT'S IMPORTANT The company has rolled out a series of features recently as it looks to grow into a full-fledged broker and meet the demands of retail investors for sophisticated products. The renewed structure could increase its popularity among such investors, who have often used Robinhood for their social media-fueled campaigns against Wall Street.…

ExchangesMay 22

Bitcoin Staking is Now Possible With the Core Chain

Bitcoin-powered layer-one blockchain Core Chain is now letting investors stake their BTC—something that, historically, BTC holders haven’t been able to do. Staking tokens reward users with a percentage yield—often in the single digits—over a period of time. This has notoriously been exclusive to proof-of-stake blockchains. Traders on Bitcoin, which uses proof-of-work, haven’t been able to stake their tokens. But Core Chain now allows BTC holders to earn yield by participating in Core Chain’s consensus mechanism, called Satoshi Plus, which combines Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS). Enabling users to stake BTC is the next step…

BitcoinMay 22

Tether Enters Transaction Surveillance Partnership with Chainalysis as Regulatory Pressure Mounts

Tether, issuer of the largest stablecoin USDT, said Thursday it has teamed up with blockchain surveillance company Chainalysis to monitor transactions with its tokens on secondary markets. The surveillance system includes international sanctions compliance and illicit transfer detection that could be associated with activities like terrorist financing, and would help Tether identify crypto wallets that could "pose risks or may be associated with illicit and/or sanctioned addresses," according to Tether's blog post. "Our collaboration with Chainalysis marks a pivotal step in our ongoing commitment to establishing transparency and security within the cryptocurrency industry," Tether CEO Paolo Ardoino said in a…

AltcoinsMay 22

Jupiter Exchange launches Giant Unified Market initiative

Jupiter Exchange launched the Giant Unified Market (GUM) initiative to combine different types of investments into one market on the Solana blockchain. The GUM Alliance aims to bring together investments like meme coins, real-world assets, stocks, and forex into a single market, making trading between them easier and more direct. The alliance, comprised of leading teams in asset handling, liquidity, and distribution, plans to add more types of investments to Solana (SOL), ensuring the markets have enough cash flow to operate smoothly and integrating the markets into Jupiter’s platform to encourage adoption. Gabe Otte from DinariGlobal is excited to offer…

ExchangesMay 22

Bitcoin’s Outperformance Means Some of Expected Post-Halving Rally May Have Come Early: JPMorgan

JPMorgan notes that mining stocks have slumped ahead of the bitcoin halving. The bank favors Riot Platforms and Iris Energy. Bitcoin’s outperformance may mean that part of the typical post-halving rally has been pulled forward, the report said. Recent weakness in mining stocks ahead of the bitcoin (BTC) halving offers an attractive entry point for investors, JPMorgan (JPM) said in a research report on Tuesday. The total market cap of the 14 U.S.-listed bitcoin miners tracked by the bank fell 28%, or $5.8 billion, to $14.2 billion, from March 31 to April 15, the report said. All of the stocks…

BitcoinMay 22