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.

Polyhedra Network Makes Its Exclusive Project ‘Expander’ Open Source

Polyhedra Network, a cross-chain solution provider for L2s and L1s with zkBridge technology, has made an exclusive development. The platform disclosed that it has recently open-sourced its exclusive ZK proof mechanism Expander which it launched nearly 6 days back. The company revealed this news on its official account on X. 🎉 Today, we are proud to open source #Expander, the world’s fastest #ZK proof system. Expander is a GKR prover designed for scaling large-scale parallel computing. Now, everyone can access the record-breaking open-source prover:https://t.co/DP25yI80SM pic.twitter.com/c99Fb9etjq — Polyhedra Network (@PolyhedraZK) May 9, 2024 Polyhedra Open Sources Its ZK-Proof Mechanism ‘Expander’ The…

BlockchainMay 12

Mega Whale Withdraws $53 Million Worth of Bitcoin from Binance

According to analytics platform Lookonchain, a whale withdrew roughly $53 million worth of Bitcoin from Binance over the past five hours. The whale in question sold roughly $302 million worth of Bitcoin over the period from March 15 to March 15. Smart money accumulating Bitcoin? Some social media users started speculating about the possibility of large institutional investors entering the market following the approval of several Bitcoin ETFs. Last week, there was a notable change in accumulation trends, with whales distributing their holdings instead of expanding their portfolios. Bitcoin whales have been instrumental in shaping the direction of the market,…

BitcoinMay 12

Analysts Predict Drop to $2500

The crypto market has recently witnessed a downturn, marked by significant price drops in major assets like Ethereum and Bitcoin. Particularly, Ethereum (ETH) seems to be grappling with pronounced bearish trends, leading many crypto analysts to predict further declines for the second-largest crypto by market capitalization. Ethereum Risks Falling to $2500 According to a recent investor advisory by crypto research firm 10X Research, Ethereum’s potential descent to $2500 is a concern due to its weakened fundamentals. They noted Ethereum’s inconsistent performance in the current market cycle, a departure from its role as a catalyst for bullish runs in previous cycles.…

EthereumMay 12

Ripple Celebrates Evolution of XRPL Community Support

In March 2022, Ripple announced it would commit one billion XRP to accelerate development and new use cases on the XRP Ledger (XRPL). The fund will be an extension of the XRPL Grants program and will advance Ripple’s shared vision with the developer community. Since its inception in 2021, the XRPL Grants Program has catalyzed creativity and technological innovation. With more than 140 projects funded across 28 countries, the program has touched various domains, including sustainability, financial solutions, digital identity platforms and game-fi. Each grant, reaching up to $200,000, has not only provided financial backing but also a vote of…

AltcoinsMay 12

Mobile is make-or-break for web3 gaming adoption

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The web3 gaming industry stands at an inflection point. While the promise of decentralized gaming and true digital ownership holds immense potential, the industry’s current focus on browser-based PC gaming represents a glaring missed opportunity—one that threatens to relegate it to the periphery of the gaming world as the mobile gaming juggernaut continues its inexorable rise. If we want web3 gaming to rival the web2 games industry, it’s time to bridge the mobile gap. You might also…

GameFiMay 12

Sei Network and Art de Finance Collaborate to Revolutionize Art DeFi

Art de Finance and Sei Network have collaborated to shape the future of Art DeFi and multichain innovation. This latest partnership is a milestone in the Art de Finance and Sei Network collaboration, marking a new era for NFTs and digital art around the world. 🔴 Art de Finance x Sei Art de Finance Forms Strategic Partnership with @SeiNetwork to Drive Innovation in the Art Defi and Multichain Sectors. Art de Finance is leveraging this initiative with Sei Network to set new standards in the digital art and RWA sector, anticipating… pic.twitter.com/i2I1zIi0Br — Art de Finance | Digital Renaissance with…

BlockchainMay 12

Bitcoin Fees Fall Back to Earth After Hitting All-Time High Amid Runes Launch

For some time this weekend, it was more expensive to transact on Bitcoin’s network than ever before in history. Teeming with activity, the higher costs for users came as a protocol for Bitcoin-based meme coins launched and rewards for miners were slashed in half. The average Bitcoin transaction fee soared to $127 Friday amid the quadrennial halving event and launch of Runes, according to data from Blockchain.com. Representing a record-level period in terms of fees, a few pricey, urgent transactions may have skewed the metric, however. For example, one Bitcoin user paid a transaction fee of nearly 8 BTC, or…

BitcoinMay 12

Legendary Trader Peter Brandt Shorts Ethereum Futures, but There's Catch

Legendary trader Peter Brandt has revealed his latest Ethereum (ETH) position. Known as an Ethereum critic, Brandt shared a strong opinion that suggests Ethereum is generally always weakly held. The legendary trader said he is officially short on Ethereum futures coming into the weekend. The veteran trader noted that he does not short spot trades as that creates too much counterparty risk. It is worth noting that Peter Brandt is generally always short on Ethereum as he is convinced the digital currency has no bullish future to look forward to. At the time, Brandt projected that the price of Ethereum…

EthereumMay 11

John Mullin on Potential and Challenges of RWA Tokenization

Real-world asset (RWA) tokenization is altering the integration of traditional assets into the digital economy. This trend involves converting assets including real estate, commodities, and intellectual property into digital tokens, offering broader investment opportunities. In an interview with CryptoNews, John Patrick Mullin, co-founder and CEO of MANTRA Chain, delved into the potential and the inherent challenges of RWA tokenization. Mullin also brought an Asian perspective and discussed the different regulatory frameworks and market dynamics in regions like Hong Kong, Dubai, and Singapore, emphasizing their varied approaches to blockchain and digital asset regulations. RWA Tokenization Development and Most Popular Assets Mullin…

RegulationMay 11

Unpacking the Latest Thrilling Advances in Cardano’s Ecosystem

Input Output recently released its weekly development update for the Cardano blockchain, revealing significant progress across various domains including core technology, scaling solutions, governance, and education. This update provides insight into the ongoing efforts to enhance the Cardano network’s capabilities and ensure its robust growth in the increasingly competitive blockchain sector. In the realm of core technology, the performance and tracing team has completed an analysis of benchmarks for the upcoming Conway era, incorporating DReps (delegated representatives) into their studies. This involves tracing DRep data and enhancing error reporting mechanisms within the transaction generator. Additionally, the team has fully supported…

AltcoinsMay 11