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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.

Sui's zkLogin Revolutionizes User Experience with Multi-Signature Recovery: SUI Tokens Soars

TL;DR Revolutionary zkLogin: Sui has enhanced its zkLogin system with multi-signature recovery, allowing users to recover accounts seamlessly, even if the credential issuer or application is inactive. This update includes social login integration from platforms like Google, Facebook, and Apple. Multi-Sig Security: The new multi-sig feature supports complex use cases, enabling up to 10 zkLogin accounts from different providers with customizable thresholds, ensuring robust security and flexible account recovery options. SUI Token Surge: The introduction of multi-signature recovery and Apple authentication has led to a significant increase in SUI token prices by nearly 9%, trading at $1.09, indicating strong market…

Altcoins

How to Buy Bitcoin Under 18? [Age Limit in 2024]

IMPORTANT: The first step to buying Bitcoin as a minor is to seek parental or guardian consent and involvement. Since you're not of legal age, you'll need their support to proceed with the process. Make sure to have an open and honest conversation about your interest in investing in Bitcoin and address any concerns they might have. If you want to buy Bitcoin and you’re under 18, you should keep in mind that there is no specific law preventing you from doing so. However, most cryptocurrency exchanges require their users to be 18 or older to buy and sell Bitcoin.…

Bitcoin

Analyst Forecasts Ethereum’s Rise to Global Economic Backbone

Ethereum’s mature ecosystem and broad developer acceptance overshadow Bitcoin’s L2 applications. Despite regulatory uncertainty, Ethereum’s integral role in finance and tech garners significant support from major players. Ethereum’s symbiotic relationship with layer-2 solutions enhances its intrinsic value and global appeal. Ethereum (ETH) stands out as a beacon of promise, poised to solidify its position as a global economic cornerstone. Analysts herald Ethereum’s ascent, foreseeing its imminent attainment of enduring institutional legitimacy. Age of Ethereum ETH's fundamentals look excellent. Yet, many investors feel that ETH has too many headwinds: Why buy ETH when Bitcoin's L2 app ecosystem is taking off? Why…

Ethereum

Robinhood Delivers Big Earnings Beat Driven by Booming Crypto Trading: Analysts

KBW raised its price target to $21.50 from $20; JMP raised its target to $30 from $28. A surge in crypto trading contributed to the 40% year-on-year increase in revenue. Positive momentum continued into April with a record $5 billion in deposits, the analysts said. Trading platform Robinhood (HOOD) reported strong first-quarter earnings yesterday as a surge in crypto trading fueled a 40% year-on-year jump in revenue, leading some analysts to upgrade their earnings estimates and price targets. KBW raised its price target to $21.50 from $20, while maintaining its market perform rating. Rival broker JMP raised its price target…

Regulation

Tesla Now Accepts Dogecoin, Could X Follow Suit?

Elon Musk, a longtime supporter of Dogecoin (DOGE), has integrated the meme-based cryptocurrency into Tesla’s payment system. Customers can now purchase select merchandise using DOGE on the Tesla website. This move follows Musk’s acquisition of payment licenses for his social media platform, X, sparking speculation about DOGE integration there as well. Musk’s interest in DOGE dates back to 2019, and he has consistently advocated for its adoption. Tesla’s recent integration, while limited to merchandise, reflects this ongoing support. The company quietly enabled DOGE payments in early May, shortly after Musk expressed openness to the idea during a visit to a…

Altcoins

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…

Blockchain

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,…

Bitcoin

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.…

Ethereum

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…

Altcoins

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…

GameFi