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.

Popular Altcoin Network Stops Again – Users Cannot See Their Funds – Are Funds Safe? Developers Released a Statement

Zilliqa (ZIL), which had a serious problem in block production yesterday afternoon, stopped again minutes ago after it was announced that the problem was solved today. Currently, Zilliqa mainnet is still unable to produce blocks. In their announcement, the developers said that they had information that block production had stopped. In addition, they explained that it was not fully understood what the problem was that was solved yesterday, but after today's outage, they started to understand exactly what caused the problem. Developers said they are currently trying to get to the root of the problem and get the network ready…

AltcoinsMay 13

Pixel Realm Announces the INO Sale of DAOSIS Sapphire Maestro NFTs

Pixel Realm, a well-known gaming platform, has recently announced an exclusive initial non-fungible token offering. As per the company, it is commencing the sale of Daosis Sapphire Maestro NFTs, giving a chance to the participants to for minting the tokens on Pixel Realm. On its X account, the firm revealed the details of the respective endeavor. 🌊 24 Hours to @Daosis_Official #INO on PixelRealm! 🌊 📣 We are excited to announce that Daosis' Sapphire Maestro NFTs Sale will be launching on PixelRealm with Sealed Bid Auction! 🌊 We together aim to conduct a Sealed Bid Auction for 20 exclusive NFTs…

NFTMay 13

Polkadot Introduces Secure Development with New Generic Runtime Template

Polkadot developers now have a secure foundation to build applications with the newly released generic runtime template, v1.0.0. This template is designed to be minimalist while including the most commonly used pallets within Polkadot’s ecosystem. Polkadot aims to create a more robust development framework that encourages secure and efficient coding practices. We just released v1.0.0 and cannot wait to see what you build with it. You can find more info in our docs. The development of this runtime has been a collaborative effort, involving audits by @SecReLabs, weekly coordination calls with @paritytech and extensive community… — OpenZeppelin (@OpenZeppelin) May 9,…

AltcoinsMay 13

Grayscale’s Outflows Might Be Nearing Zero. Here’s Why

According to Bitcoin analyst Alessandro Ottaviani, outflows from Grayscale's embattled GBTC might be close to an end. This is due to the fact that Grayscale's Bitcoin Mini Trust is expected to have fees as low as 0.15%. Not so fast? However, Eric Balchunas, Bloomberg's senior ETF analyst Eric Balchunas, has warned that such fees are "hypothetical." This means that the fund will not necessarily be able to offer such low fees. With that being said, Balchunas still sees this as a positive development given that Grayscale had to pick such a percentage. Grayscale initially unveiled its plans to launch a…

BitcoinMay 13

CryptoPunks leads daily NFT sales with over US$1.39 million

CryptoPunks dominated the non-fungible token (NFT) market with a US$1.39 million daily sales volume on May 12, according to CryptoSlam data. Most of those sales came from CryptoPunk 741, which sold for almost US$800,000 at the Larva Labs marketplace. The NFT’s last on-chain sale occurred seven years ago, for US$400. CryptoPunk 741 is now the eighth-highest-valued CryptoPunk in the collection. The second-ranking collection for the day was DMarket, which operates on Mythos Chain, a blockchain specialized for Web3 gaming applications. Dmarket had US$945,383 in daily sales, the third consecutive day above the US$900,000 mark. Sunday’s sales total follows a monthly…

NFTMay 13

Lucky Whale Spent $6,500 to Buy This Altcoin and Turned It Into $5.6 Million with 870x Profit

According to the incident noticed by the analysts of the cryptocurrency analysis company Lookonchain, a crypto wallet managed to turn an extremely low capital into a fortune with great luck. Wallet address waxl.eth purchased $6,500 worth of TRUMP tokens and sold them for $5.6 million for an 870x profit. According to Onchain data, the waxl.eth wallet purchased the 2.08 million TRUMP tokens by paying $6,500 with two different wallets. Then he sold TRUMP, worth $1.24 million, for $902,000. However, the lucky whale still has 832 thousand TRUMP in his wallet, and their value is around 4.7 million dollars at the…

AltcoinsMay 13

US House of Representatives Meets to Abolish Important Crypto-Hostile Rule Critical to the Fate of Cryptocurrencies – Here are the Details

In a recent development, the US House of Representatives engaged in an hour-long debate on House Joint Resolution 109. The decision aims to rescind the Securities and Exchange Commission's (SEC) Accounting Bulletin Statement (SAB) 121, a rule with significant implications for the banking and cryptocurrency industries. SAB 121 requires banks to disclose all cryptocurrency holdings, keep customer cryptocurrency assets on their balance sheets, and maintain an offset obligation. In other words, for every dollar of cryptocurrency held in escrow, the bank must hold an equivalent amount. Originally adopted as guidance, SAB 121 was later adopted as a rule by the…

LegalMay 13

BTC Amount to be Refunded to Users Updated

Former cryptocurrency exchange MtGox has updated its official website form, according to some creditors in a post on Reddit. The update includes the number of tokens expected to be withdrawn, which includes Bitcoin (BTC), Bitcoin Cash (BCH) and yen. According to the new table, the exchange is expected to distribute its assets of 142,000 BTC, 143,000 BCH and 69 billion yen to its creditors before October 31, 2024. A payee from MtGox shared his experience: “The website was having technical issues a few days ago. I'm pretty sure they updated the charts and now everyone can see the same updated…

BitcoinMay 13

Donald Trump Calls to End Crypto Hostility in America, Advocates for Inclusion

Donald Trump, former US President and current presidential candidate, on Wednesday hosted a special event at his Mar-a-Lago resort in Florida for NFT owners, where he voiced his support for crypto. The presumptive Republican presidential candidate held the event for fans who purchased at least 47 of his NFTs, each costing $99. During a Q&A session, he agreed with a participant who said many cryptocurrency businesses are leaving the country “because of the hostility.” He likely pointed to the Securities and Exchange Commission’s recent enforcement actions against crypto companies, including industry leaders Binance and Coinbase, for allegedly offering unregistered securities.…

LegalMay 13

Bitcoin (BTC) Fees Hit 5-Year Low, Runes Impact Fading

Following the Bitcoin (BTC) halving event, the transaction fees on the network skyrocketed as the Runes token standard that was launched alongside triggered an explosive gas fee. In a dramatic twist, CryptoQuant analyst Julio Moreno has pointed out that the transaction fees are dropping significantly. According to his analysis, despite the massive number of Runes activity recorded on April 20, the transaction fees plummeted. As reported earlier, the impact of Runes hit a climax when a trader paid more than $500,000 in transaction fees. While this is nothing new to the Bitcoin blockchain, the higher-than-usual gas implies average users will…

BitcoinMay 13