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.

Implications and Predictions for Bitcoin Miners

The Bitcoin halving event, a pivotal occurrence, is scheduled for April, 19 2024. This quadrennial event will reduce the block subsidy for Bitcoin miners from 6.25 BTC to 3.125 BTC, thereby halving the reward that miners receive for their efforts. Such events have historically led to profound shifts in the mining landscape, potentially influencing various economic and operational facets of Bitcoin mining. Economic Outlook and Market Predictions After the halving, the immediate impact is a considerable decrease in miner revenue due to the reduced block subsidy. This could lead to a decline in the hashrate as less efficient miners may…

BitcoinMay 22

SEC-registered securities firm launches Ethereum (ETH) custody service

United States-based blockchain firm Prometheum has stirred the crypto market with its new move, challenging the current regulatory stance on digital assets. The controversial blockchain company unveiled the long-anticipated Ethereum custody service on May 17. The very same week that the SEC will deny an Ethereum spot ETP because of Ether’s “new” regulatory status. What convenient timing. What are the odds? Controversial blockchain firm Prometheum launches long-awaited Ethereum custody | Fortune Crypto https://t.co/WR3YiRnzJN — Bill Hughes : wchughes.eth 🦊 (@BillHughesDC) May 20, 2024 Notably, the company’s decision matched SEC Chair Gary Gensler’s outlook that the existing US regulatory framework is…

EthereumMay 22

House expected to vote on bipartisan crypto market structure bill Wednesday

The House of Representatives is scheduled to vote on a landmark cryptocurrency market structure bill this week. The Financial Innovation and Technology for the 21st Century Act, known as the FIT21 Act, is expected to head to the floor for a vote in the House on May 22, according to a person familiar with the matter. FIT21 advanced through the House Agriculture and Financial Services Committees last summer before getting the greenlight from the Rules Committee to advance to a vote earlier this month. The bipartisan legislation has 11 co-sponsors, including Democrats Henry Cuellar of Texas, Wiley Nickel of North…

LegalMay 22

Monster World Nyang Kit NFT Mint coming on May 28

Ronin recently announced the launch date for the Ragnarok: Monster World Nyang Kit. The latest post on the platform confirms the kit’s release date of May 28. During the event, users can earn Nyangvines, in-game benefits, and Ragmon tickets. They can even get their hands on a rare 1/200 Irochi Baphomet NFT. A few weeks ago, Ronin announced the return of Ragnarok. The game boasts a loyal player base of 68 million across multiple titles. Nyangvines are not a new addition to the Monster World ecosystem; however, they are making a comeback. The addition will come with a twist via…

GameFiMay 22

Arbitrum Announces Farcaster Integration and Launches Epic $500K Developer Buildathon

Arbitrum, a leading layer-2 scaling solution for Ethereum, has made significant strides in enhancing its ecosystem by announcing a full integration with Farcaster, the decentralized social networking protocol. This development means that Arbitrum transactions are now fully supported on Farcaster, broadening the scope for developers and users within both communities. This integration is celebrated with the launch of “Frame It,” a buildathon aimed at fostering innovative developments within the ecosystem. The “Frame It” buildathon is designed to encourage developers to create “Frames” – modular, interactive components that can be embedded within Farcaster’s social platform. With a substantial incentive of $500,000…

BlockchainMay 22

How much Bitcoin does ‘Rich Dad’ Robert Kiyosaki own?

Robert Kiyosaki is an entrepreneur, educator, investor, and the author of “Rich Dad Poor Dad”, one of the best-selling personal finance books of decades. In recent years, Kiyosaki has emerged as a vocal advocate for Bitcoin (BTC) after initially being cautious on the digital asset when he first posted about it on Facebook back in August 2017. “Investing in Bitcoin is hugely speculative: – People who bought 100 coins back when it was $7 are millionaires now. – Others have lost 20% or more on paper so far. – It’s hard to see what its real value is based on.…

BitcoinMay 22

Defi TVL reaches its 2-year-high amid marketwide bull run

The total decentralized finance (defi) total value locked (TVL) is currently witnessing an impressive surge as the broader cryptocurrency market gains bullish momentum. According to data provided by Defi Llama, the total defi TVL increased by 9.1% in the past 24 hours and is standing at $105.63 billion at the time of writing. Notably, this is the first time since May 11, 2022, that the defi market value surpasses the $100 billion mark. Defi TVL | Source: Defi Llama With the current rally, 51 of the total 52 defi protocols that have a TVL of over $500 million are roaming…

DeFiMay 22

This Is (Hopefully) the Last CoinDesk Article to Mention Craig Wright

Craig Wright is not Satoshi Nakamoto and not the author of the Bitcoin white paper, as was determined by Justice James Mellor, who handed down that judgment after the COPA v Wright trial wrapped up. Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. But not only is Craig Wright not Satoshi Nakamoto…

LegalMay 22

‘Nyan Heroes’ Launches Solana Token, Up 27% as Airdrop Claims Open

Nyan Heroes, a PC-based hero shooter on the Epic Games Store, launched its Solana-based NYAN token today, opening up its token claim for players who participated in the recent play-to-airdrop campaigns around the game. NYAN debuted on crypto exchange Bybit early Tuesday, as the game’s official launch partner following the Solana token generation event (TGE). The token popped over $0.46 with $22 million in early volume, and is currently priced at $0.30, per data from CoinMarketCap, with a market cap above $30 million as of this writing. Bybit is also hosting a rewards campaign, handing out 2.76 million NYAN tokens—about…

GameFiMay 22

Tha Dogg Pound Teams Up with Gala Music for Exclusive Web3 Drop

Los Angeles — West Coast hip-hop legends Tha Dogg Pound have announced the release of two exclusive tracks on Gala Music, marking a fusion of music and digital collectibles. — The duo, comprising Daz Dillinger and Kurupt, will drop their latest singles, "Baggin You Up" (featuring Snoop Dogg and October London) and "Finesse" (featuring Snoop Dogg & J. Black, produced by Soopafly), exclusively on Gala Music starting Tuesday, May 21st. This collaboration with Gala Music, the official Web3 partner of Death Row Records, underscores a unique integration of music and blockchain technology. Both tracks will be available initially for holders…

BlockchainMay 22