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.

Friend.Tech's Native Token Tanks to $2.5 After Debut

Friend.Tech airdropped its native token, FRIEND, while debuting version 2 of the platform. The token's price plummeted from as high as $169 immediately after the airdrop to $2.5. Decentralized social platform Friend.Tech on Friday airdropped its native token, FRIEND, while unveiling version 2 of the platform, which is packed with new features, including the Money Club. The token's price rose as high as $169 immediately after it began trading on Base before quickly collapsing to $2.5, data from DEXscreener show. "It looks like the price dump has been driven by liquidity issues, similar to what happened with Renzo last week,"…

AltcoinsMay 22

Polimec Enables Transparent Decentralized Fundraising to Polkadot Projects

The purpose of Decentralized Funding protocol Polimec’s introduction is to usher in a new phase of community-funded Polkadot initiatives. Teams may issue tokens and raise funds transparently using the protocol while still adhering to regulatory requirements. The infrastructure solution for web3 developers, Apillon, is the first project to be featured on Polimec. Investors now have the chance to evaluate projects and choose which ones should go on to the Funding Round with the opening of Polimec’s first Evaluation Round. Gotem, ImpactScope, and Mandala Chain are some of the other initiatives that will be using Polimec to raise funds. Polimec links…

BlockchainMay 22

Hong Kong Bitcoin ETFs to Trade by April 30th: Reports

Hong Kong's highly anticipated spot bitcoin exchange-traded funds (ETFs) are slated to launch by the end of April, according to various industry sources. NEW: 🇭🇰 Hong Kong #Bitcoin ETFs to start trading by 30th April and could bring in $25 billion: Reports Just a matter of time 🚀 pic.twitter.com/Y1Xo4JVrO7 — Bitcoin Magazine (@BitcoinMagazine) April 17, 2024 The Hong Kong Securities and Futures Commission (SFC) recently approved several fund managers to offer spot bitcoin ETFs. Following this, OSL, a crypto infrastructure provider for some approved fund managers, stated that the bitcoin ETFs are aiming to go live as early as late…

BitcoinMay 22

Vitalik Buterin's Ethereum Statement Raises Rumbling on X, Here's Why

Vitalik Buterin's most recent statement should not have caused what it did. The Ethereum co-founder, who spoke about free speech on Ethereum, faced backlash from regular users who suffered from Ethereum influencers who could not take any criticism. However, this statement triggered a wave of criticism from the community. Many users shared their negative experiences with Ethereum influencers, highlighting a contrast between Buterin's ideal of open discourse and the reality of censorship they face. One user questioned, "Do they ever discuss ETH/BTC chart?" implying that meaningful discussions are often sidestepped. Another user shared their experience, saying, "I've been blocked by…

EthereumMay 22

Ripple CEO Expresses Excitement About These XRP Events

Ripple CEO Brad Garlinghouse conveys his enthusiasm about the growth of XRP-related community events. Garlinghouse made this known in a tweet yesterday, providing a special mention to notable events like the recently concluded XRP Gold Coast 2024 conference and the upcoming XRP Las Vegas and XRP Ledger Apex events. Very excited to see the number of XRP community-led events growing this year with XRP Gold Coast in March and XRP Las Vegas starting tomorrow (hope to see some of you there!) and meet more of you in person at @xrplapex in June! From new native capabilities to projects building… pic.twitter.com/5TSejqZ2Xl…

AltcoinsMay 22

Here’s the Next Upcoming Important Date in Ripple v SEC Lawsuit

The next important date in the SEC v. Ripple lawsuit is May 20, when the parties are expected to file their opposition to the omnibus sealing motions. The legal tussle between the SEC and Ripple is edging close to its end, with the parties and other third parties expected to file their letter briefs in opposition to the omnibus sealing motions soon. According to the court’s remedies scheduling order, the parties will file their respective opposition briefs by May 20, which is now set as the next important date of the lawsuit. Ripple Request to Seal Its Confidential Business Information…

LegalMay 22

Re.al launches blockchain platform for RWAs, CEO comments on tokenization

Re.al has officially rolled out its mainnet, launching a new blockchain platform aimed at managing real-world assets such as properties and commodities and promises to return all profits to the users. Running on Arbitrum (ARB) Orbit and powered by Gelato’s Rollup-as-a-Service, re.al has made a strong start with $40 million already locked in and 190 properties ready for tokenization. The platform aims to address persistent issues in decentralized finance (defi) by making assets more accessible for trading, improving interoperability, and ensuring fluidity. “Its speed, flexibility, and security are exactly what we need to nurture an ecosystem centered around tokenizing real-world…

BlockchainMay 22

What the heck is CatVM?

Taproot Wizards released a cartoon yesterday called CatVM. I will not refer to it as a whitepaper, those are real academic documents for adults. In the cartoon, interspersed amongst the absurd childish narratives, were a few valuable technical insights regarding different scaling proposals in the Bitcoin ecosystem. Of course, in true cartoon fashion, buried between wild exaggeration and embellishment. The end goal of the cartoon was to propose a new mechanism for moving in and out of scaling layers built on top of Bitcoin. To disentangle that actual proposal from the cartoon, we’ll have to break down the two pieces…

BitcoinMay 22

Ethereum Aims to Break $3,220 Barrier for Market Uptrend

Ethereum surged above $4,000 in March before entering a downtrend, testing the $2,858 support level. Ethereum experienced a 2.95% decrease in value, closing at $2,945.5 after testing $3,041.8 yesterday. Technical analysis indicates Ethereum’s need to surpass the $3,220 level to initiate an uptrend, with a projected 2.90% price increase by June 18, 2024. With recent fluctuations capturing investor attention, one key insight emerges: Ethereum (ETH) must surpass the pivotal $3,220 level to catalyze an uptrend. ETH has been navigating a volatile path in recent months. March witnessed an impressive surge as Ethereum soared above the $4,000 mark, only to subsequently…

EthereumMay 22

VET Prints Possible 500% Price Boom as VeChain Answers Aching Question of Why 2 New Tokens with VeBetterDAO

VeChain finally puts VET and VTHO holders’ concerns to rest. It explains how VOT3 and B3TR activity will only benefit VET and VTHO. The reveal comes right alongside a bullish chart formation of a possibly 500% gain for VET. VeChain has certainly had an exciting few months. With the launch of VeBetterDAO, its MaaS launch, and the arrival of its two new tokens B3TR and VOT3, the VET community was certainly overwhelmed. While most VET and VTHO holders were excited to see some active new direction in the blockchain, other remained skeptical. Besides these new launches, VeChain also announced multiple…

AltcoinsMay 22