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.

Sui Network Clears Up Misconceptions About Token Supply

Sui Network, a decentralized layer 1 platform, has addressed and clarified widespread misconceptions regarding token supply. The response, published on X, is a rebuttal to attacks on its tokenomics, particularly the distribution and control of tokens by founders. The founders of the network are under investigation on charges of storing tokens in large quantities. The platform stated that its token economics are reasonable as it uses well-established third-party custodians to store locked tokens. According to the network, these tokens are issued according to a predetermined emission schedule, which is publicly available. The fund emphasizes that the founders have no control…

AltcoinsMay 18

Details of AK Party's Bitcoin and Crypto Asset Bill Have Been Revealed!

An important stage has been reached in cryptocurrency studies in Turkey and AK Party Group Chairman Abdullah Güler announced the details of the “Proposal on Amendments to the Capital Markets Law” at the press conference he held in the Turkish Grand National Assembly. Güler stated that the announced draft law first includes the definition of concepts such as wallet, crypto asset service provider and platform in the crypto asset ecosystem. Abdullah Güler made the following statements: “Cryptocurrency exchanges will start providing services by obtaining a license from the CMB. The sale and distribution of crypto assets will be determined by…

LegalMay 18

Mintlayer and Salus Collaborate to Launch L3 ZK-Based Thunder Network

Mintlayer, a prominent Layer-2 scaling solution, has partnered with Salus, a security firm specializing in zero-knowledge (ZK) proofs, to introduce the Thunder Network—a cutting-edge Layer-3 ZK rollup-based network designed to enhance Bitcoin's scalability and functionality. Advancing Bitcoin's capabilities with Thunder Network The Thunder Network initiative is poised to transform Bitcoin's utility by integrating advanced privacy features, improved transaction speeds, and greater scalability. This Layer-3 solution enhances these aspects and brings Ethereum Virtual Machine (EVM) compatible functionalities. With it, developers can seamlessly build applications that are both secure and reliable on a Bitcoin-connected infrastructure. This integration means that existing EVM dApps…

BlockchainMay 18

New Protocol Allows Altcoins to Run on Bitcoin

As Bitcoin nears its next halving, attention is shifting towards an exciting development – the launch of the Runes protocol by developer Casey Rodarmor. Runes will go live after Bitcoin completes halving. This new framework enables the creation of altcoins directly on the Bitcoin blockchain. This feature was once exclusive to networks like Ethereum and Solana. Runes Anticipation Spike Up Bitcoin Transaction Fees The buzz around Runes stems from the success of Rodarmor’s previous project, the Ordinals protocol. Ordinals introduced NFT-like “inscriptions” to Bitcoin, infusing innovation and increased mining revenue into the community. However, this led to network congestion and…

BitcoinMay 18

Value Locked in Defi Nears $100B Range Again After $11.89B Increase in 35 Days

Over the past 35 days, the total value locked in decentralized finance (defi) protocols has expanded by $11.89 billion, recovering from a low of just over $83 billion on April 13. Although it has not yet reached the $100 billion mark, the value locked in defi is approaching that milestone after hovering just below it. Defi Protocols See $11.89B Boost As of May 18, 2024, the total value locked (TVL) in defi stands at $94.93 billion, according to stats from defillama.com. This is an increase of $11.89 billion from the $83.04 billion low recorded 35 days prior. Among the top…

DeFiMay 18

Solana (SOL) Up 9% On Franklin Templeton Endorsement

Investment asset management firm Franklin Templeton published a report detailing Solana’s (SOL) accelerated adoption over some time. With the validation from the firm, Solana has jumped by more than 9% to $138.46. Solana’s survival and resilience after the unfortunate implosion of the FTX cryptocurrency exchange were identified. The cryptocurrency suffered a huge blow in 2022 but has since demonstrated laudable resilience. Franklin Templeton pointed to the fact that Solana has successfully captured a significant portion of cryptocurrency activity from 2023 to 2024. Considering all the challenges Solana has faced, including the multiple network congestions it faced in March 2024, Franklin…

AltcoinsMay 18

Crypto Community Voices Outrage at Tornado Cash Developer Verdict

A developer of the anonymizing tool Tornado Cash, Alexey Pertsev, was sentenced to spend 64 months in prison. Many members of the crypto community say the decision is outlandish. 'S-HERTOGENBOSCH, Netherlands — As 31-year old Russian Alexey Pertsev stood outside the courtroom on Tuesday awaiting a verdict from a judge at the s-Hertogenbosch courthouse in the Netherlands, he looked calm. When the judge ruled the Tornado Cash developer was guilty of money laundering, he did not appear to be outraged. It wasn't until the Dutch police edged toward him that he seemed surprised he wouldn't get to say goodbye to…

LegalMay 18

droppGroup Introduces droppLink to Revolutionize AI Development Through Tokenization

droppGroup, a trailblazer in the fusion of AI and blockchain technologies, has revealed the debut of droppLink, an ingenious service platform set to redefine artificial intelligence (AI) development and management across various blockchains. The infrastructure of droppLink simplifies computational demands, facilitates micropayments, and democratizes data contributions, granting users ownership and oversight. Stakeholders, termed Computational Resource Patrons (CRPs), underpin infrastructure costs and partake in the revenue yielded by the AI processes they enable. CEO and Co-Founder of droppGroup, Gurps Rai, emphasized, “droppLink ensures unmatched data integrity and streamlines AI development by tokenizing every action in an AI model’s lifecycle on multiple…

BlockchainMay 18

How the Bitcoin halving could impact ailing mining stocks

Though most mining stocks have so far taken a dive this year, industry watchers expect investors to buy back into the strongest such companies after the Bitcoin halving dust settles. Some of the world’s largest public mining companies have watched their stock prices plummet in recent months. The stock of mining giant Marathon Digital is down roughly 33% so far this year. Shares of rivals Hut 8 and Riot Platforms are slightly worse off over that span, down about 35% and 46%, respectively. Core Scientific’s stock has dropped about 16% since coming out of bankruptcy in January. Las Vegas-based CleanSpark…

BitcoinMay 18

Showcases RWAs at UAE Ministry Event

IOTA will be among the official strategic partners of the AIM Congress, the Middle East’s largest investment conference, which will be held in Abu Dhabi next week. The tokenisation of real-world assets will take centre stage, with Dominik Schiener expected to present the IOTA Foundation’s Tokenization Framework as an industry leader. The Middle East has become one of the world’s leading investment destinations, with the region diversifying from its traditional oil business into venture capital, emerging tech such as AI and blockchain, and more. On May 7th, global decision-makers will congregate in Abu Dhabi for one of the world’s largest…

AltcoinsMay 18