Author: NBTC

In a significant development, SubQuery, a leading player in the blockchain data indexing space, announced that it will support developers developing on the Bitcoin Virtual Machine (BVM) network. BVM is an innovative modular Layer 2 (L2) metaprotocol. Moreover, it simplifies Bitcoin L2 blockchain creation for coders. Earlier, SubQuery announced support for Stargaze to elevate the NFT trading experience for their users. We’re supporting another Bitcoin project 🔥 Say hello to @BVMnetwork – the modular L2 metaprotocol making waves in the Bitcoin ecosystem! 🛠️ Let’s innovate the #Bitcoin network together! 🤝Read the full announcement 👇 https://t.co/HsOxacMMeF pic.twitter.com/TqclwkChT8 — SubQuery (@SubQueryNetwork) March…

Fidelity Investments is moving forward with its spot ether ETF proposal despite uncertainty around the near-term approval of such funds. It became clear the financial services giant was looking to launch an ETH ETF in November, when Cboe — the exchange on which the product would trade — filed a 19b-4 form on behalf of Fidelity. Now, the company filed a registration statement — known as a Form S-1 — Wednesday, marking another step in its bid to get the Fidelity Ethereum Fund approved. Read more: Coinbase met with SEC over spot Ethereum ETFs The Securities and Exchange Commission would…

OKX Ventures, a prominent figure in the cryptocurrency investment sector, has recently announced its strategic investment in StakeStone. It is an emerging omnichain liquidity distribution network. This investment marks a significant milestone in the evolution of liquidity infrastructure within the cryptocurrency ecosystem. Earlier, OKX announced a partnership with Galaxe. We are happy to announce the strategic partnership with @Stake_Stone !#Stakestone focuses on establishing STONE as the standard for #omnichain liquidity assets and building a liquidity market for the application layer.https://t.co/5vAnKofwZr#Restaking pic.twitter.com/tVXA912isi — OKX Ventures (@OKX_Ventures) March 26, 2024 StakeStone Aims to Establish STONE as Standard for Omnichain Liquidity StakeStone’s primary…

In a groundbreaking development for the blockchain and artificial intelligence industries, Masa Network, a pioneer in decentralized personal data management, has officially announced its integration with LayerZero, a leading interoperability protocol. This integration is poised to revolutionize the way blockchains communicate, enabling the seamless flow of information across different platforms and significantly enhancing the capabilities of the decentralized AI data economy. Masa Network, renowned for its innovative approach to data privacy and control, aims to redefine personal data ownership in the digital age. By integrating with LayerZero, Masa Network will facilitate cross-chain communication across a variety of blockchain networks, starting…

On Wednesday morning, the website Ethscriptions created a way to mint inscriptions on EIP-4844 blobs, which are cost-saving packets of data introduced in Ethereum’s recent Dencun upgrade. As with other blockchains that have received the inscription treatment, so-called BlobScriptions have heavily driven up the price of blockspace — or in this case, blobspace. Since Dencun, the base fee for a blob, or the minimum gas price needed for a blob to be included in the next Ethereum block, has been one wei, an Ethereum-denominated price that is equivalent to a fraction of $0.01. Today, the blob base fee climbed above…

Unattended mounting U.S. debt concerns means potential for a Liz-Truss style market chaos, Phillip Swagel, director of the Congressional Budget Office told Financial Times. Debt concerns may have helped bitcoin and gold rally to record highs amid elevated interest rates worldwide, analysts said. In 2022, former U.K. Prime Minister Liz Truss announced radical economic measures, including deep tax cuts and billions of pounds of spending even as surging government debt called for fiscal prudence. The result was market chaos, with the British pound (GBP) crashing to record lows against the U.S. dollar (USD) and the collapse of Truss’ government, the…

In collaboration with Wellington and WisdomTree, Citigroup Inc. conducted a simulation regarding the tokenization of private funds in blockchain wagering. This endeavor was designed to demonstrate how a blockchain network can tokenize a private equity fund. Wall Street may embrace distributed ledger technology on a broader scale if the A/B testing proves fruitful. Chainlink, a decentralized blockchain oracle network provider, formed a partnership with SWIFT, an interbank messaging service, in mid-2023, with the purpose of establishing a connection to Sepolia, a widely recognized Ethereum testnet. This collaboration supported the tokenization testnet. In less than two months after launching their new…

Cryptocurrency market maker GSR revised its forecast for the approval of a spot Ethereum ETF in May, reducing the probability to just 20%. That’s a significant drop from the firm’s estimate in January, which put the chance at 75%. “We now believe there is a 20% chance that the SEC will approve a spot Ethereum ETF in May,” GSR analyst Brian Rudick explained the revised forecast in a note published today. According to GSR Research Analyst Matt Kunke, the previous optimistic outlook was attributed to Grayscale’s Court of Appeals victory and the approval of Ethereum Futures ETFs in October. Rudick…

BlackRock last week unveiled its first tokenized fund on a public blockchain. The investment manager has involved key institutions from both the TradFi world and the crypto sector. On-chain funds could be a new category of growth for asset managers, Bernstein said. The launch of BlackRock’s (BLK) first tokenized fund on a public blockchain is significant because of the way in which the asset manager has brought in key ecosystem partners from both the TradFi world and the crypto sector, broker Bernstein wrote in a research report on Tuesday.As part of a growing trend of digitizing mutual funds and securities…

On a day of increased volatility in Bitcoin, Upbit, South Korea’s largest cryptocurrency exchange, reported unusual increases in trading volumes of several altcoins. The 4-hour chart for The Graph (GRT) showed a significant increase in trading volume. On Upbit, average 50 4-hour volume increased from $30 million to $55 million, an increase of 81.86%. On the other hand, volume on Binance increased from an average of $26 million to $37 million, an increase of 42.28%. PlayDapp (PDA) saw a massive 340.04% increase in 1-hour trading volume on Upbit, jumping from an average of $19 million to $85 million. However, volume…