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.

DeFi platforms Lido and Aave surpass Bitcoin and Ethereum in fee generation

Decentralized finance projects Lido and Aave generated more fees in the last 24 hours than top blockchain networks like Bitcoin, Ethereum, and Solana. According to DeFillama data, Lido accrued $2.34 million, while Aave amassed $1.85 million during this period. In contrast, Ethereum, Bitcoin, and Solana secured $1.84 million, $1.34 million, and $1.17 million, respectively, in fees. Market observers explained that the fee surge reflects crypto users’ willingness to engage with these platforms over traditional blockchain networks. Why do people use Aave? The Bank for International Settlement (BIS) explained that crypto investors use DeFi lending pools like Aave to seek yield.…

DeFiMay 14

Whales Borrow $25M in $ETH, Suspected Shorting on Binance

2 whales, often referred to as big players, have borrowed 8,400 $ETH, which is worth $25 million, from a decentralized crypto lending platform called Aave. The whales have transferred the borrowed money to Binance, which is one of the most popular centralized cryptocurrency exchanges. It is believed that they are shorting $ETH. Shorting is a trading strategy in which an investor bets on a decrease in the price of a cryptocurrency. From now, if the price indeed falls, the investors will earn money. 2 whales have borrowed 8,400 $ETH($25M) from #Aave and deposited it into #Binance in the past 2…

EthereumMay 14

Zilliqa Team Investigates Mainnet Disruption

The Zilliqa infrastructure team continues to work diligently to resolve the recent disruption to the mainnet block generation. Their preliminary analysis indicates that the issue may stem from a specific function returning a null value instead of a node’s RLP due to a potential invalid database lookup. This misbehavior results in an error being thrown, disrupting the network. Zilfam! 📢The Zilliqa infrastructure team continues to work on resolving the ongoing disruption to mainnet block generation. Preliminary analysis indicates this may be related to an issue within a specific function that returns a null value instead of a node's RLP following…

AltcoinsMay 14

Big Brother surveillance dystopia is now reality at Binance

When Binance agreed to a $4.3 billion settlement with the US Department of Justice (DoJ), the Commodity Futures Trading Commission (CFTC), the Financial Crimes Enforcement Network (FinCEN), and the Office of Foreign Assets Control (OFAC), it agreed to allow two government agencies to appoint compliance monitors within the company. As a result, Binance agreed to let the DoJ monitor its operations for three years and FinCEN for five. After a lengthy bidding process, the DoJ picked Forensic Risk Alliance (FRA) to operate its monitorship while, according to Bloomberg, law firm Sullivan & Cromwell will likely fulfill FinCEN’s. Never before in…

ExchangesMay 14

Is Bitcoin Halving the Key to Future Price Surges?

The much-anticipated fourth Bitcoin halving event took place on April 20, 2024, at 05:09:27 UTC. In the immediate aftermath, the price remained stable, hovering around the $64,000 mark. This event, known as the halving, holds significant implications for the cryptocurrency’s supply dynamics and potential price movements. The Bitcoin halving is a pre-programmed event that occurs approximately every four years or after every 210,000 blocks are validated. This design feature was integral to Bitcoin’s inception in January 2009. During the halving, the rate of new Bitcoin creation every 10 minutes is halved, resulting in a decreased reward for miners. The Impact…

BitcoinMay 14

Meson Finance Partners with Trustin Finance to Enhance Cross-Chain Swaps

Meson Finance, known for its innovative approach to facilitating low-cost, zero-slippage cross-chain swaps on major cryptocurrencies like Bitcoin and Ethereum, as well as various stablecoins, has announced a significant partnership with Trustin Finance. This collaboration aims to introduce an early supporter event that promises a prize pool exceeding $10,000 USD. Participants engaging in specific social tasks and utilizing Meson Finance’s services to bridge to Bitlayer will have the opportunity to earn points through TrustIn&Meson Points system. This partnership underscores Meson Finance’s commitment to enhancing the user experience and expanding its services. By collaborating with Trustin Finance, Meson is poised to…

DeFiMay 14

Is Bitcoin Halving Behind Ethereum (ETH) Price Dip?

Ethereum price opened trading at $2,928 on Monday, May 13, recording a 4% surge over the weekend, but recent ETH 2.0 staking trends suggest more downside ahead. Ethereum Crosses 1 Million Node Validators 1-Year After Shappella Upgrade. Ethereum recorded another major milestone in May 2024 as the number of node validators staking coins on the network hit the 1 million mark. Ethereum completed its transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus with the Shappella upgrade executed on April 12 2023, allowing ETH holders to earn passive income and secure the network by stake their coins. Since then, Ethereum 2.0…

EthereumMay 14

Chilliz and Azuro Partner to Tap Into Growing Onchain Sports Prediction Market

Chiliz, the owner of the blockchain sports rewards platform Socios.com, and Azuro, a liquidity layer for onchain predictions, have partnered to grow the onchain sport prediction market. In an announcement, the firms said the collaboration will involve Chiliz Chain integrating the Azuro Protocol, and adding existing supported chains such as Polygon and Gnosis Chain. This will allow Chiliz to expand into the sports-focused prediction applications market and any existing builders using the Azuro infrastructure will be able to connect their apps to the Chiliz Chain. This in turn will allow users to place transactions with the Chiliz blockchain native token…

AltcoinsMay 14

Notcoin suspends NOT deposits on crypto exchanges

The Notcoin team announced that starting May 14, users will no longer be able to send their tokens to crypto exchanges. The post on X said the next time the Notcoin (NOT) withdrawal option will be available is after the coin’s listing on May 16. ⚡️ Notcoin direct deposits to exchanges will be closed tomorrow (May 14th). The next time withdrawal options (including on-chain claim) will be opened after the listing. Please make sure you have initiated the transfer to exchange if you want to start trading from the first… — Notcoin Ø (@thenotcoin) May 13, 2024 “Please make sure…

ExchangesMay 14

Post-Halving Price Dynamics and Market Movements

Bitcoin’s market value has experienced significant shifts following the recent halving event at block height 840,000, which saw onchain fees soar beyond $240 per transaction. This pivotal change coincides with a notable fluctuation in price, demonstrating a complex interplay of supply and demand forces at work. Currently, bitcoin is trading at $64,488, down 4.5% this week, with an intraday range stretching from $63,161 to $64,968. Bitcoin Price Shows Bullish Signals Following the Halving The 1-hour and 4-hour charts depict a market teeming with instability and rising buying interest. Specifically, bitcoin’s (BTC) 1-hour chart shows a significant price spread from $61,885…

BitcoinMay 14