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Author: 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.

DTCC, Chainlink Complete Pilot to Accelerate Fund Tokenization with JPMorgan, Templeton, BNY Mellon Participating

The Depository Trust and Clearing Corporation (DTCC), the world’s largest securities settlement system, completed a pilot project with blockchain oracle Chainlink (LINK) and multiple major U.S. financial institutions, aiming to help accelerate the tokenization of funds, according to a Thursday report published by DTCC. The purpose of project called Smart NAV was to establish a standardized process to bring and disseminate net asset value (NAV) data of funds across virtually any private or public blockchains using Chainlink's interoperability protocol CCIP. Market participants included American Century Investments, BNY Mellon, Edward Jones, Franklin Templeton, Invesco, JPMorgan, MFS Investment Management, Mid Atlantic Trust,…

Blockchain

Memecoins Trader Nets 209 $SOL Using Meme Token Lottery Strategy

Memecoins have recently been endeavoring to get back the attention while the crypto market is experiencing recovery. Lookonchain, a prominent blockchain analytics platform, has highlighted a crypto address that made a significant profit in after purchasing several meme tokens. On its official account on X, the analytics forum provided the details of the respective event. Is it profitable to trade #MEMEcoins like buying lottery tickets? topcaller.sol has bought 5,417 #MEMEcoins since April 9, investing an average of 0.215 $SOL each. 7 of the #MEMEcoins had an ROI of over 1000%, with a total profit of 290 $SOL. The win rate…

Altcoins

Donald Trump Earns ‘First Crypto President’ Title, Former CFTC Commissioner Claims

Former President Donald Trump has been dubbed “America’s first crypto president” ever since his first year in office in 2017, according to Chris Giancarlo, a former CFTC commissioner. This designation came about when his administration approved the introduction of Bitcoin futures contracts, he said. Giancarlo, speaking at a Washington DC crypto policy event on Wednesday, highlighted Trump’s supposedly long-standing reputation in the crypto industry, Fox Business reported. The ex-official’s comments come after Trump last week pledged to end cryptocurrency hostility if re-elected. “In addition to announcing he’s now ‘good with it’ — crypto, that is — Trump may justifiably claim…

Legal

Venezuela to shut down cryptocurrency mining farms

Venezuela’s Ministry of Electric Power announced it would disconnect all cryptocurrency mining farms from the national power grid (SEN, Sistema Electrico Nacional). The measure aims to control the high energy demand from these mining farms and ensure reliable service for citizens. AlbertoNews, a local media outlet, reported the announcement on May 18. “The purpose is to disconnect all cryptocurrency mining farms in the country from the SEN [National Electrical System], avoiding the high impact on demand, which allows us to continue offering an efficient and reliable service to all the Venezuelan people,” the Ministry reported in its account in Instagram.…

Mining

Mastercard’s Start Path Welcomes Five Startups to Develop Blockchain Use Cases

Mastercard announced the selection of five startups to participate in its Start Path blockchain and digital assets program on Wednesday to foster innovation in blockchain technology and digital asset utilization. As part of Mastercard’s new initiative, these startups will explore new ways to use money to address real-world challenges, enhance user experiences, and broaden the utility of blockchain technology. Mastercard Emphasizes Global Payments Expertise Mastercard highlighted its experience constructing a global payments network, emphasizing its capability to connect regulated money, bank deposits, stablecoins, and central bank digital currencies (CBDCs) with startups. The program’s objective is to drive the development of…

Blockchain

Stacks’ Ali believes layer 2 will drive adoption for 2nd phase of Bitcoin

Muneeb Ali, co-founder of Stacks, shared his perspective on the rapid shift towards a diverse and active phase of innovation within the Bitcoin ecosystem. Ali highlighted a notable shift in the challenges faced by Stacks within the Bitcoin ecosystem, with an increased focus on creativity and solution diversity at a panel during Dubai’s Token2049 event “The biggest problem with Bitcoin right now is that there’s so many different, like L2s and protocols,” Ali began, referencing a recent tweet by Kyle Smani of Multicoin. The Stacks co-founder emphasized this as a positive shift from previous perceptions that nobody ever wanted to…

Bitcoin

Cardano Hits 90 Million Transactions in Major Milestone as Network Upgrades Loom

Cardano (ADA) has reached a significant milestone, recording a staggering 90 million transactions on its network. This achievement comes at a pivotal moment for Cardano as it prepares to implement game-changing upgrades. Cardano, often hailed for its robust and research-driven approach to blockchain development, has steadily gained traction within the cryptocurrency community since its inception. The achievement of 90 million transactions serves as a testament to Cardano's growing adoption and utility, highlighting its ability to support a diverse range of use cases and transaction types. As Cardano continues to expand its reach and capabilities, the timing of this milestone is…

Altcoins

No, Changpeng Zhao isn’t in prison yet — here’s why

Due to some formalities in the criminal justice system, a world-class team of lawyers, and Fifth Amendment protections of due process, former Binance CEO Changpeng Zhao isn’t yet in prison despite receiving a four-month sentence. On April 30, 2024, a US district judge in Seattle sentenced Zhao to four months at Seatac, an administrative security federal detention center and prison. According to the judge’s signed judgment, Zhao “shall surrender for service of sentence as notified by the Probation or Pretrial Services Office.” Those offices have not yet notified Zhao that he must enter that California prison. Possibilities for sentenced criminals…

Legal

What Is Restaking?

The concept of restaking introduces a groundbreaking way for people to utilize their staked cryptocurrency across various protocols simultaneously. This not only boosts reward potential but also significantly enhances the security and scalability of blockchain networks, benefiting the entire crypto ecosystem. Introduction to restaking A common occurrence In the rapidly evolving world of blockchain technology is the development of new mechanisms and protocols that enhance the efficiency and security of existing and future crypto projects. When projects using these new mechanisms or protocols succeed, it is the entire crypto ecosystem that benefits, not just individual projects. One such innovative mechanism…

Blockchain

Satoshi Nakamoto's Final Words Echo as Bitcoin Halving Set for Next 36 Hours

As the cryptocurrency community eagerly anticipates the upcoming Bitcoin halving event, the words of Bitcoin's pseudonymous creator, Satoshi Nakamoto, have surfaced, adding intrigue and speculation to the countdown. These statements, believed to have been made by Nakamoto before exiting the social media scene, have sparked renewed interest and reflection on the significance of the halving event. Nakamoto bowed out of the cryptocurrency scene three years after publishing Bitcoin's white paper and mining the genesis block. On April 23, 2011, he emailed another Bitcoin developer, informing him that he had "moved on to other things." As the Bitcoin community counts down…

Bitcoin