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.

Ethereum ETF approval odds surge to 75%, ETH price jumps 8%

Bloomberg ETF analysts Eric Balchunas and James Seyffart increased to 75% their odds of a spot Ethereum exchange-traded fund (ETF) being approved in the US. The previous odds were 25%. As a result, Ethereum (ETH) leaped 8.3% after the news. Previously, both analysts explained that the low odds were related to the lack of background noise made by the SEC asking players about the ETF approval. However, due to political issues, Balchunas stated on X that the US regulator will “be doing a 180 on this.” Moreover, the odds at 75% are substantial, since Seyffart and Balchunas are still waiting…

EthereumMay 21

China's E-CNY Expansion Overseas And The Quest For Global Payment Influence

In recent years, China has embarked on an ambitious journey to redefine its role in the global financial landscape, leveraging technological advancements to potentially reshape how global transactions are conducted. Central to this initiative is the pilot program for the e-CNY, China's digital currency, which is now making its way into overseas markets, notably in Hong Kong, for retail use which was announced in May 2024. This move mirrors China's previous efforts to expand the reach of its payment solutions, such as UnionPay and Alipay, which have had mixed success abroad. The path forward for the e-CNY is shrouded in…

RegulationMay 21

the DePin project announces a crypto airdrop campaign

If you are a former Ethereum miner and have a graphics card, currently the crypto airdrop of the Io.Net Depin project will be right for you. Participating is free as well as very simple: all you have to do is create your own working node, and connect it to the Io.Net network to provide computing power in exchange for future rewards. From May 1st, the “Season 2” of the incentive campaign for this project has been launched: we have until May 31st to obtain the highest possible token allocation. All the details below. What is and how does the DePin…

AltcoinsMay 21

LayerZero (ZRO) Token of Omnichain Ecosystem Scores Bitget Listing Pre-Market

The Bitget exchange has announced the listing of the LayerZero ecosystem’s ZRO token as part of the Pre-market proposition. ZRO token debuts on Bitget crypto exchange The listing gives users the opportunity to acquire ZRO tokens at preferential prices, allowing Bitget to dominate as the asset’s future turnover venue. $ZRO pre-market trading is now available on #Bitget. @LayerZero_Labs Trade $ZRO before it becomes available for spot trading! 🔥 Trade now: https://t.co/qtj1hNOzgx — Bitget (@bitgetglobal) May 20, 2024 An omnichain ecosystem, LayerZero is positioned as a protocol specifically designed to channel lightweight messages across various blockchain networks. The trustless nature of…

ExchangesMay 21

LG Uplus brings unique experience for students with Meta Yonsei platform

South Korea-based telecom provider LG Uplus has unveiled a metaverse platform for Yonsei University designed to cater to the needs of students. Dubbed Meta Yonsei, the virtual world is a digital representation of the university campus, complete with iconic landmarks like the library, student centers, and resident halls. Unveiled on the university’s 139th anniversary, Meta Yonsei marks a major leap toward digitization and embracing emerging technologies. To encourage greater participation, LG Uplus launched a naming contest among the student community and conducted a series of surveys to determine the functionalities of the metaverse offering. Apart from replicating the university’s Sinchon…

MetaverseMay 21

Institutions and ‘Smart Money’ To Influence Price Action During Upcoming BTC Halving, Says Glassnode – Here’s Why

New analysis from market intelligence firm Glassnode indicates that financial institutions and ‘smart money’ are playing a role in Bitcoin’s (BTC) price action as the halving approaches. In a new article, Glassnode says the top crypto asset by market cap surged 1,000% during its first halving, 200% during its second, and 600% during the third. The next halving is expected roughly on April 19th and will see BTC miners’ rewards cut in half. “These significant upswings highlight the event’s potential to drastically affect supply-demand dynamics and consequently, market pricing. As we approach the fourth halving, these historical patterns offer valuable…

BitcoinMay 21

Ethereum is too hard to use

Anyone else think Ethereum is difficult to use these days? Yeah, there’s a bunch of cool stuff on Ethereum — meme tokens, NFTs, DeFi, degens — it’s all there. But over the years as the blockchain evolved, it has become more expensive and more complicated — as in, an already complex technology for users has become even moreso. Not only do users need to understand crypto basics like wallets, irreversible transactions and addresses, they also now have to contend with getting to know different chains. You can’t just send Ethereum chain ETH to Optimism chain ETH, or Optimism chain ETH…

EthereumMay 21

Ripple's Anti-Bitcoin Campaign To Promote CBDCs

The drive towards central bank digital currencies is accelerating, with Ripple emerging as the player in this global effort. This raises a paradox: while supporters of cryptocurrency champion decentralization, Ripple's central role in CBDCs suggests a move towards more centralized control of digital currencies. As Ripple collaborates with various governments and central banks to develop CBDCs, a tangled narrative unfolds involving environmental campaigns, bitcoin, and grassroots activism. Ripple is at the forefront of the CBDC revolution, engaging with governments globally to leverage its technology for digital currency development. In May 2023, Ripple launched a dedicated platform to assist central banks,…

RegulationMay 21

BCG and Aptos Labs Team Up to Transform Banking with Blockchain

In a strategic move poised to redefine the financial landscape, the Boston Consulting Group (BCG) has announced a partnership with blockchain pioneer Aptos Labs. This collaboration is designed to spearhead the integration of Web3 and digital asset management solutions across the financial sector, setting the stage for a revolution in how institutions engage with digital assets and blockchain technology. The synergy between BCG’s profound consulting expertise and Aptos Labs’ advanced blockchain innovations aims to equip traditional financial institutions with the tools necessary to navigate the burgeoning domain of decentralized finance. This partnership not only underscores the growing institutional interest in…

AltcoinsMay 21

Gemini to return 97% of frozen assets in-kind to Earn users by month's end

Crypto exchange Gemini said its defunct Earn product users will begin receiving approximately 97% of their frozen digital assets by the end of this month. According to a recent statement, the exchange clarified: “As a reminder, the initial distributions will be in kind. This means, for example, that if you had lent one bitcoin in the Earn program (as of November 16, 2022 — the date Genesis suspended redemptions), you will receive one bitcoin back. And it means that you will receive any and all appreciation of your assets since you lent them into the Earn program.” Notably, the exchange’s…

ExchangesMay 21