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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.

JPMorgan Chase Warns Bank’s Assets May Be Seized in Russia After $1,460,000,000 Write-Off: Report

JPMorgan Chase is preparing for the prospect that its assets in Russia will officially be seized, according to a new report. In a new filing, the bank says lawsuits in Russian and US courts may trigger an incoming seizure of the firm’s assets in the country, reports Reuters. Two weeks ago, a Russian court sided with state-run lender VTB Bank in its push to recover $439.5 million that JPMorgan Chase allegedly froze in New York due to US sanctions. The court ordered the seizure of JPMorgan’s accounts in Russia as well as all “movable and immovable property.” Although it has…

Legal

What Happens When the Last Bitcoin Is Mined?

Imagine a world where the money supply is finite, and there’s no dollars left to print. Sounds bizarre, right? But in the realm of Bitcoin, this scenario is not only possible but inevitable. The Bitcoin network, designed with a finite supply of 21 million coins, just hit a significant milestone: the halving just chopped its inflation rate by 50% for the fourth time since its inception. As of now, 19,688,016 Bitcoin has been mined, leaving less than 2 million to be discovered over the next 120 years. This scarcity, coupled with the increasing demand for Bitcoin, is set to reshape…

Bitcoin

Bull rally incoming as Ethereum whale stacks over $32M in ETH since May

Observing the movements of ‘whales’—investors who hold large amounts of cryptocurrency—can offer crucial insights for both traders and investors as they navigate the complex dynamics of the cryptocurrency market. These whales are characterized by their significant capitalization and a proven track record of profitable trading, often influencing market trends and liquidity. A significant Ethereum (ETH) whale has recently accumulated 10,758 ETH, valued at approximately $32.14 million, through transactions on Binance since May 2. This strategic accumulation follows Ethereum’s nearly 20% decline in value over the past 30 days, although it is still trading slightly above the $3,000 level, marking an…

Ethereum

The Sandbox Moodie Challenge of Cuisinia offers flavors and thrills

The Sandbox Moodie Challenge, introduced by Cuisinia, is associated with all the glories and goodies of food, culture, and digital magic. It will represent everything Thai as far as exotic cuisine, a sheer paradise for all foodies. Cuisinia, on its part, is everything one can possibly imagine, primarily foodie goodies. It is a Web3 business whose focus is on initiating a community surrounded by the very aspect of cooking, exposing the taste buds to various flavors, the nose to aromas, and sharing the same with one another. Cuisinia x The Sandbox Moodie Challenge brings to the table a cooking-oriented game,…

Altcoins

Ethereum fees hit lows while L2 capture users’ attention: IntoTheBlock

Ethereum’s transaction fees have reached a six-month low, caused by the shift of transactions to layer-2 (L2) blockchains, according to the latest edition of IntoTheBlock’s “On-chain Insights” newsletter. This migration has contributed to a decrease in the total fees accrued by Ethereum. In April, transactions on the largest three L2s, Arbitrum, Optimism, and Base, accounted for an unprecedented 82% of all Ethereum transactions. With the inclusion of additional L2s, this percentage is likely even higher. The launch of EIP-4844 on March 13 played a crucial role in this transition by slashing L2 fees by more than tenfold, leading to a…

Ethereum

StaFi LSaaS Stack now supports EigenLayer LRT

StaFi, a multi-chain liquid staking derivatives (LSD) protocol, has announced it would support the EigenLayer Liquid Restaking Token (LRT), according to the information shared with Finbold on May 10. The integration accompanies the release of the StaFi 2.0 roadmap, outlining plans for the LRT Stack and representing a significant milestone just a month after launching LSaaS (Liquid Staking as a Service). Leveraging the success of the EigenLayer mainnet launch The addition of LRT support leverages the successful launch of the EigenLayer mainnet, enabling developers and project teams to seamlessly deploy LRT on LSaaS, greatly streamlining LRT development and enhancing the…

Altcoins

Alter Protocol Unveils Fee-Free Real-Time Mining for $ATPO Investors

Alter Protocol has announced the launch of its latest product, Alter Protocol Real-Time Mining. It offers $ATPO miners and investors the opportunity to generate daily profits with instant withdrawals. They will be charged with zero fees or taxes. This revolutionary system marks a significant advancement in the cryptocurrency mining landscape. At the same time, it provides users with a seamless and efficient way to maximize their earnings. We're happy and excited to announce that, AlterProtocol planning to launch new product (AlterProtocol real Time Mining) where all $ATPO Miners and investors can generate daily profits and withdraw their profits daily and…

Mining

BTC Bulls Attempt to Push Prices Higher Post-Halving

As bitcoin fluctuates within a defined range, Monday’s technical analysis reveals a mixed bag of signals from oscillators and moving averages. Traders face a nuanced landscape on April 22, 2024, as various charts suggest both caution and opportunity. Bitcoin Bitcoin’s (BTC) price today stands at $65,974, with a 24-hour trade volume of $19.6 billion and a market cap of $1.30 trillion. The cryptocurrency has experienced a trading range from $64,364 to $66,504 over the last day. This slight volatility presents a complex interplay of support and resistance levels that traders need to navigate carefully. The relative strength index (RSI) at…

Bitcoin

Ripple CTO Reveals How He Bought 40,000 ETH During Ethereum ICO

Ripple CTO David Schwartz's recent disclosure has sparked widespread intrigue within the cryptocurrency community, shedding new light on his early involvement in Ethereum and the significant gains he accrued. Schwartz revealed that he secured a substantial 40,000 ETH during Ethereum's pre-ICO phase, a move spurred by his acquaintance with Ethereum's founder, Vitalik Buterin. Schwartz's entry into Ethereum predates its public pre-ICO, with Buterin extending a personal invitation for him to participate. Motivated by a desire to support Buterin, Schwartz invested 20 BTC without much deliberation, resulting in the acquisition of the substantial ETH holdings. The other part of this story…

Ethereum

Bitcoin memecoins pushed fees higher than block rewards for first time

After memecoin mania cycles were speed-run on Solana and Base, this weekend was Bitcoin’s turn, and a new network milestone came along with it. For the first time ever, bitcoin miners in a single 24-hour period earned more in fees than in block rewards. On Saturday — just after the halving and the launch of token minting protocol Runes — miners raked in $80.74 million in fees and $26.28 million in bitcoin. That has never happened before, according to Token Terminal data. The day after also came close, with fees making up nearly 80% of all miner revenue. Prior to…

Bitcoin