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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.

Flare Network Achieves Milestone with Over 1 Billion FLR Tokens Burned

Flare Network has surpassed 1 billion $FLR tokens burned, enhancing ecosystem health with a 2.1B FLR burn plan, reducing dilution and boosting incentives. The Flare Network team burned 66 million FLR tokens today, essentially bringing the total amount of burned FLR above 1 billion. This event is part of an ongoing strategy to enhance the health of its ecosystem by reducing token supply. Another 66M $FLR burned – passing 1B total burn mark 🔥 Our multi-year burn strengthens the community (increasing their share to 59.6% by Jan 2026) while $FLR continues to burn from fees & unclaimed rewards. Viex tx:…

Altcoins

Standing Strong for Crypto Advocacy

In a time of uncertainty and regulatory scrutiny, the cryptocurrency industry finds itself at a crucial juncture. As companies navigate the ever-changing landscape, MoonPay, under the leadership of CEO Ivan Soto-Wright, stands as a beacon of support and advocacy for crypto innovation. — In a recent announcement, Ivan Soto-Wright conveyed a poignant message, underscoring the significance of unity and solidarity within the industry. He commenced by recognizing the formidable challenges encountered by the cryptocurrency sector throughout 2023, accentuating the resilience and unwavering dedication displayed by MoonPay in surmounting these obstacles. The dawn of 2024 brought a glimmer of hope with…

Legal

Adventure reloaded: Sandbox welcomes Ragnarok online

The Korean video gaming company Gravity conceptualized Ragnarok, which showcases three epic gaming experiences, including a new adventure. Passionate internet gamers can explore the new Ragnarok nonfungible token collection, which is available on Polygon now. It is thrilling to note that the web-based game “In Geffen: The City of Wizards” is now available on the Sandbox. Gravity games provide players with a fantastic opportunity to unlock lucrative rewards. A 15,000 SAND shared pool in Polygon awaits nonfungible token collection holders and Ragnarok, the affable romantic fantasy game, has made its stylish entry into the Sandbox metaverse world. Gaming fans can…

GameFi

Crypto Exchange Spot Volumes Plunge 60% in Just One Month

After a record-breaking March driven by equally impressive Bitcoin (BTC) performance, spot volumes on the top 10 cryptocurrency exchanges dropped by more than 60% in April. According to a benchmark by Finance Magnates Intelligence, their trading volume fell from $2.1 trillion in March to just under $1.3 trillion in April. In March, volumes on the largest cryptocurrency platforms reached their highest levels in nearly four years, increasing by an average of 120%. This surge coincided with a new all-time high (ATH) for Bitcoin, recorded on March 14, when the price tested nearly $74,000, sparking significant investor activity. In April, anticipation…

Exchanges

Creator of the Bitcoin ASIC Says Next Wave of Mining Efficiency is Coming

It is no secret that the bitcoin mining industry is being battle-tested in the wake of the fourth halving. Hash price (revenue per terrahash) has reached historic lows as bitcoin’s block subsidy has been slashed. Meanwhile, the post-halving mempool frenzy has waned, adding fuel to the fire on already strained mining operators. Nangeng Zhang, Founder and CEO of Singapore-based Canaan Inc, the creator of the first bitcoin mining application-specific integrated circuit (ASIC), sat down with Bitcoin Magazine for the firm’s first-ever interview with a North American media outlet to weigh in on the state of the industry. Zhang commented on…

Mining

Quant Analyst PlanB Predicts Bitcoin To Skyrocket by Over 4x – Here’s the Timeline

Closely followed quant analyst PlanB is predicting that the cycle top for Bitcoin (BTC) will be more than 4x the current value. The pseudonymous analyst tells his 1.9 million followers on the social media platform X that Bitcoin could put up massive gains after the April 19th halving event based on historic precedence. He believes the halving event, when miners’ rewards are cut in half, will once again be a bullish factor for Bitcoin and predicts the crypto king will reach a cycle top of about $300,000 by 2025. “In my opinion, this Bitcoin halving will not be different: All…

Bitcoin

Mercedes-Benz NXT and Mojito Introduce 'The Era of Technology' NFT Collection

Mercedes-Benz NXT and Mojito are set to launch of the highly anticipated Mercedes-Benz NXT Icons Collection: "The Era of Technology." This partnership marks a significant milestone in the convergence of automotive heritage and digital innovation. — The Mercedes-Benz NXT Icons Collection represents a celebration of Mercedes-Benz's rich design legacy. Through a contemporary reimagining of its most iconic designs, Mercedes-Benz NXT aims to bridge the gap between the past, present, and future of automotive excellence. Crafted by the esteemed Mercedes-Benz design team under the leadership of Chief Design Officer Gorden Wagener, this collection is divided into seven distinct eras, each highlighting…

NFT

Is Ethereum’s Future at Risk? Analyst Reveals Inflationary Surge Post-Dencun Upgrade

Julio Moreno, an analyst at CryptoQuant, has recently highlighted a significant shift in Ethereum’s supply dynamics following the Dencun upgrade. According to Moreno, the supply of has been growing at an accelerated pace, reaching its highest levels since early March. This change is largely attributed to the Dencun upgrade, which, while reducing transaction fees, has reintroduced inflationary pressures into the Ethereum ecosystem. The Dencun upgrade was intended to enhance the scalability and efficiency of the Ethereum network by lowering transaction costs. However, a side effect of these improvements has been an increase in Ethereum’s total supply. Moreno points out that…

Ethereum

Art de Finance Launches Artist Launchpad, Blending Art and Finance Worlds

In a notable development, Art de Finance has officially launched its Artist Launchpad. It is a groundbreaking platform that brings together 5,092 Seeding users. As a result, a huge 6.3 million $ADF tokens to blend the worlds of art and finance like never before. Launchpad is live! With 5,092 Seeding users and 6.3m ADF, we are driving the fusion of Art and Finance. Introducing the Artist Launchpad, a method to select artists for Seeding by involving users who contribute liquidity to the ecosystem. ►► https://t.co/G85ZVykDZ7 🎟️ Open… pic.twitter.com/iZjv1i3i0a — Art de Finance | Digital Renaissance with web 3.0 (@ArtdeFinance) May…

Altcoins

Tether-parent iFinex to aid El Salvador’s crypto rules

Bitcoin-friendly nation El Salvador is working on a crypto regulatory framework and has enlisted help from a digital asset titan affiliated with the largest stablecoin. The parent company of Bitfinex exchange and Tether (USDT), iFinex, reached a partnership with El Salvador to realize the vision of President Nayib Bukele for comprehensive crypto legislation. An announcement published on May 13 revealed that iFinex will aid Bukele’s administration in building “a solid home for the digital asset and securities market” within the Central American jurisdiction. Bitfinex and Tether CEO Paolo Ardoino said the collaboration signals new opportunities to mobilize capital and bootstrap…

Legal