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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.

Polkadot developer proposes inflation upgrade to enhance transparency

Polkadot developer Kian Paimani has proposed a flexible inflation upgrade for the network to address the issues tied to the blockchain’s inflation logic. According to the proposal’s GitHub document, the Polkadot relay chain’s current state presents various challenges, including high inflation rates. These stem from outdated infrastructure and parachain slots’ ineffective influence on inflation. Additionally, adjusting the inflation rate is complex, requiring manual intervention via source code modifications rather than streamlined on-chain governance. The proposal further recognizes that Polkadot’s inflation rate is intricately linked with its staking mechanism and lacks ideal configurability. This interdependency complicates attempts to forecast inflation accurately…

Altcoins

Latam Powerhouse Crypto Exchange Bitso Launches Web3 Wallet

Bitso, the Mexico-based, Latam-focused cryptocurrency exchange, recently launched its own Web3 wallet, targeting the decentralized finance (defi) ecosystem. The idea behind this new product is to ease the onboarding of Bitso’s customers into this landscape, allowing them to dabble in non-fungible tokens (NFTs), decentralized exchange, and other services from a trustable platform. Bitso Launches Web3 Wallet, Hints at Possible Own Blockchain Development Latin American exchanges are catching up to their global counterparts by offering Web3 services to their customers. Bitso, one of the largest cryptocurrency exchanges in the region, has announced the release of an in-house developed Web3 wallet. The…

Exchanges

Bitcoin Halving is Only 50 Blocks Away – Here is the Latest Information on What Time It Will Happen

There are only 50 blocks left until the Bitcoin halving event, which is closely followed by the entire cryptocurrency market. Halving 840,000. The block will be processed from the moment it is mined. According to the latest information, the halving will take place tonight at 05:26 Türkiye time (UTC+3). However, since block extraction times are not constant, there may be minor fluctuations in this time information. After the halving, BTC miners will no longer receive a reward of 3,125 BTC per block, instead of 6.25 BTC. This will help reduce Bitcoin's inflation. This event will cut Bitcoin's inflation rate in…

Bitcoin

Oasys Expands Crypto Gaming Presence in Japan With SBI’s NFT Market

Gaming-focused blockchain network Oasys is aiming to grow the crypto gaming space in Japan via a new partnership with SBINFT Market, an NFT marketplace that’s run by a subsidiary of SBI Group, the Japanese financial giant based out of Tokyo. Oasys, a chain that’s garnered interest from traditional video game titans like Ubisoft, Bandai Namco, and Sega, is making a concerted effort to grow the burgeoning blockchain gaming market in Japan. The SBINFT Market now supports assets from Oasys' Hub-Layer (layer-1) and MCH Verse (layer-2) blockchains, in addition to its initial integration with Oasys' HOME Verse. This will allow developers…

NFT

Shiba Inu Shows No Sign of Slowing Down Despite All FUDs

Shiba Inu continues to command a notable presence in the crypto scene amid the onslaught of negative energies from those who believe it is a scam project. Over the past year, Shiba Inu endured significant FUD calls, most notably during the delayed unveiling of the ecosystem layer-2 blockchain Shibarium. Also, the routine silence of the ecosystem leader, Shytoshi Kusama, often triggered rounds of uncertainty and doubts. Meanwhile, some of the most prominent FUD campaigns against Shiba Inu include allegations of Shibarium’s code plagiarism and the specter of influential figures like Ben “Bitboy” Armstrong threatening to expose the identity of Shiba…

Altcoins

South Korean Bithumb Airdrop Recipients Hit With Tax Bills, Exchange Responds

South Koreans who received airdrop tokens and prizes from the Bithumb crypto exchange from 2018 to 2021 could face unexpected tax bills. Per Hanguk Kyunjae, Bithumb said on May 10 that it would foot the bill for customers who have been ordered to pay taxes on the giveaways. However, the exchange wants to challenge the National Tax Service (NTS)’s decision to retrospectively tax its customers. Bithumb Airdrop Events Hit Hitch? Bithumb customers have been told to pay a combined total of around $30 million in taxes as a result of winning airdrop prizes and taking part in cashback-type promotions. The…

Exchanges

Is the Bitcoin Bull Run Over—Or Just Getting Started? Experts Weigh In

The crypto market found some footing Friday, yet some traders may still be feeling tripped up. The price of Bitcoin hit a weekly low of $59,573 earlier today—noticeably off from all-time highs of $73,000 last month, according to CoinGecko. By midday, Bitcoin was up roughly 9% and trading for $65,000. What gives? "Investing in crypto isn't stressful at all" - John, 23 years old pic.twitter.com/Vu2O1Hjw2W — LilMoonLambo (@LilMoonLambo) April 16, 2024 “Ultimately, in the background, what is driving the bus is macro,” Sean Farrell, head of digital asset strategy at Fundstrat Global Advisors, told Decrypt. “And [last] Friday, we ran…

Bitcoin

VeChain Adds GreenCart to VeBetterDAO to Reward Sustainable Shoppers with B3TR Tokens for Commitment to Planet

VeChain adds its latest initiative to the VeBetterDAO ecosystem for sustainable actions. The GreenCart dApps rewards shoppers who shop sustainably. Those who shop sustainably can upload their purchase and earn B3TR tokens as a reward. VeChain announces its latest community-centric sustainability venture to reward sustainability actions by the public. Much like Cleanify and Mugshot, this venture sits on top of the VeBetterDAO network which ultimately empowers the VeChain Network. In detail, this latest addition to the VeBetterDAO and VeChain ecosystem is a new dApp called GreenCart. With this there are now 6 sustainable dApps in the B3TR ecosystem. This means…

Altcoins

Billionaire Cuban Says SEC Should Take Page Out of Japan's Crypto Playbook

In a recent post on the X social media network, billionaire Mark Cuban has suggested that US Securities and Exchange Commission head Gary Gensler should take a page out of Japan's cryptocurrency playbook. Cuban has noted that Japan managed to learn from the collapse of Mt. Gox, the now-defunct cryptocurrency exchange, and other failures (such as the Coincheck hack) to efficiently protect investors. Is the SEC trying to kill crypto? This came after Cuban accused the SEC of trying to destroy the cryptocurrency industry. "They make it impossible to comply with registration rules," Cuban stated. Any investment opportunity that involves…

Legal

Indian Crypto Exchange CoinDCX’s DeFi Arm Okto to Launch Blockchain and OKTO Token

CoinDCX has expanded the Okto wallet into an Okto ecosystem to give users a single-click mobile experience in Web3. A points program has been launched and a blockchain and the $OKTO token to power that chain will come later this year. Indian crypto exchange CoinDCX has expanded what started as the Okto wallet into an Okto ecosystem, which will include launching a blockchain, a token, and a points program starting Tuesday. The aim is to give global users a single-click mobile experience while traversing the Web3 space, its co-founders Neeraj Khandelwal and Sumit Gupta told CoinDesk in an interview. The…

Exchanges