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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.

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…

Blockchain

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…

Bitcoin

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…

Ethereum

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…

Regulation

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…

Altcoins

AI has a monopoly on power and privacy. Blockchain fixes this.

Many Americans got their first glimpse behind the machine learning curtain when details of Amazon’s “Just Walk Out” technology went public. Instead of pure technology tallying up customers’ purchases and charging them when they left the store, the sales were manually checked by about 1,000 real people working in India. But these workers were the human-half of what most AI really is — a collaboration between reinforcement learning and human intelligence. The human element tends to be ignored in discussions of AI safety, which is a little disturbing given how much of an impact AI will likely have on our…

Blockchain

Fundstrat’s Tom Lee Says Bitcoin ‘Definitely’ Hitting New All-Time Highs in 2024, Calls Bottom on Stock Market

Hedge fund veteran Tom Lee is maintaining bullish conviction on both the stock market and Bitcoin (BTC) following the much-anticipated halving on April 20. In a new interview on CNBC, Lee says the halving, which cut Bitcoin miners’ rewards in half late last week, along with the rise of the Runes protocol, which has helped generate massive amounts of fees for the flagship blockchain, is going to contribute to upward pressure on price. The Fundstrat co-founder, who has been vocally bullish on Bitcoin for many years now, is forecasting a Bitcoin cycle top of $150,000, potentially before the year’s end.…

Bitcoin

NFT Sales See Week-Over-Week Decline as Market Continues to Cool

Non-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million, yet this was a 13% decrease from the preceding week. NFT Marketplace Struggles as Sales Dip for Another Week As another week concludes, the metrics for NFT sales show a decline, falling 11.35% from the previous week. The total sales recorded over the last seven days amounted to $145.41 million, with Bitcoin-based NFTs contributing $49.8 million to this volume. NFT sales figures from May 4 to May 11, 2024, according…

NFT

Here Are All the Applications Awaiting SEC Approval

Following the historic approval of 11 spot Bitcoin exchange-traded funds in January, industry observers are now wondering when the United States Securities and Exchange Commission (SEC) could give the green light to an Ethereum equivalent. For those who don’t know, an exchange-traded fund (ETF) is a popular investment vehicle that trades on a stock exchange. It allows investors to buy shares that track the price of an underlying asset—which could be anything from gold and foreign currencies to crypto and tech stocks. If approved, a spot Ethereum ETF—just like a Bitcoin one—would mean a fund manager would take care of…

Ethereum

Hong Kong’s Spot Crypto ETFs Are Drawing International Partners

MetaComp, a fintech company based in Singapore, and asset manager Bosera International have expanded their collaboration. They now introduce Bosera’s crypto ETFs based in Hong Kong to global investors. These include the Bosera HashKey Bitcoin ETF (BOS HSK BTC / 3008.HK) and the Bosera HashKey Ethereum ETF (BOS HSK ETH / 3009.HK). This effort is part of a broader strategy to bridge the gap between traditional financial services and digital asset markets. The Global Impact of Hong Kong’s ETF Offerings Under this partnership, both parties consider integrating Bosera International’s asset management solutions into MetaComp’s CAMP platform. They aim to give…

Regulation