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.

Cardano Shares Latest Updates on Conway, Smart Contract, Scaling, Catalyst, and Others

Input Output Global (IOG), the development and research arm of the Cardano network, has published a new blog post, highlighting key developments that occurred within the ecosystem this week. The weekly #Cardano development update is now live. Check out the key highlights from this week and get the latest on development progress in core technology, scaling, governance and education.👇https://t.co/EDnnnzSAbK — Input Output (@InputOutputHK) May 10, 2024 Conway Era Upgrades According to the report, the development team responsible for performance and tracing scrutinized benchmarks for the Conway era. This led to the incorporation of Delegate Representatives (DReps), tracing DRep data, and…

AltcoinsMay 11

Espresso partners with Polygon Labs to solve rollup interoperability

Shared sequencer solution Espresso will partner with Ethereum layer-2 scaling solution Polygon Labs to develop AggLayer (aggregation layer) in order to solve rollup interoperability. AggLayer was first introduced in January. It is designed to solve the fragmented liquidity problem in the blockchain space by centering scaling UX on one single, unified aggregation layer. AggLayer is similar to Risc Zero’s “Type 0” zkEVM, Zeth, a general-purpose programming language that can be EVM equivalent. Both solutions are designed to enable transaction verification across multiple chains. In the case of AggLayer, the protocol uses a process called “proof aggregation” to ensure that transactions…

BlockchainMay 11

Bitcoin Eyes $67K After Halving as Altcoins Primed for Short Squeeze, Hedge Fund Says

The bounce was broad-based, with nearly all cryptocurrencies of the Coindesk Market Index up in the past 24 hours. Funding rates for some altcoins and memecoins turned deeply negative, potentially leading to a swift move higher in a short squeeze, QCP Capital noted. Crypto markets climbed higher Monday with bitcoin (BTC) nearing $67,000 as fears about a deeper correction allayed. Bitcoin, which underwent its quadrennial halving event during the weekend cutting the issuance of new supply in half, climbed over 3% over the past 24 hours, recently changing hands at $66,500. Ether (ETH) held steady near $3,200, but lagging with…

BitcoinMay 11

Arcium Raises $5.5M to Launch First Parallelized Confidential Computing Network

Arcium, the pioneer in parallelized confidential computing networks, has secured $5.5 million in strategic funding, led by Greenfield Capital, with participation from prominent investors like Coinbase, Heartcore Capital, Longhash VC, L2 Iterative Ventures, Staking Facilities, Smape Capital, and Everstake. This funding, totaling $9 million, will propel Arcium's mission to provide a trustless framework for encrypted computations. — The funding round signifies a significant milestone for Arcium, founded by Yannik Schrade, Julian Deschler, Nicolas Schapeler, and Lukas Steiner, the team behind Elusiv. With a focus on zero-knowledge privacy protocols, Arcium aims to revolutionize data confidentiality across various sectors, including DeFi, DePIN,…

RegulationMay 11

Tron DeFi Ecosystem Surpasses $21.7 Billion in TVL

The Tron DeFi ecosystem surpasses the $21.7 billion mark led by Just Cryptos & JustLend DAO, but TRX price faces a short-term bearish trend. Tron’s decentralized finance ecosystem has reached a significant milestone, with its Total Value Locked (TVL) exceeding $21.7 billion and extending the growth spurt. This metric, a common measure in DeFi sectors, indicates the total value of assets deposited in Tron-based DeFi protocols. At the forefront of Tron’s DeFi landscape is “Just Cryptos,” ranking first with a TVL of $7.1 billion. Following closely is “JustLend DAO,” a lending and staking platform with a TVL of $6.4 billion.…

AltcoinsMay 11

Enjin Ignites Innovation with Spark Program Relaunch

Enjin, a pioneering force in Web3 development, has announced the highly anticipated relaunch of its Enjin Spark Program, marking a significant leap forward in the evolution of decentralized gaming ecosystems. Originally introduced in 2019, the Spark Program served as a catalyst for the integration of over 125 games into the burgeoning Web3 landscape. Now, with a suite of enhanced features and benefits, the reimagined Spark Program is poised to drive even greater adoption and innovation within the Enjin ecosystem. Launched in 2017, Enjin emerged as a pioneer in Web3 development, introducing the first gaming-specific development tools on Ethereum and designing…

BlockchainMay 11

Conservative Projection Places Bitcoin At $245,000 In 5 Years

A recent analysis paints a rosy picture of Bitcoin’s future, even with a conservative growth projection. Taking to X, Michael Sullivan predicts that the world’s most valuable coin could reach a staggering $245,000 within just five years if it maintains a mere 30% compound annual growth rate (CAGR). Bitcoin Projections: From Conservative To Exponential Growth The analysis explores various growth possibilities for Bitcoin. Assuming the coin’s growth rate significantly contracts in the coming years, growing at just 30% CAGR, Sullivan projects the coin to reach $245,000 by 2029. A decade later, it will be at $909,000; by 2039, each coin…

BitcoinMay 11

Robinhood Wells Notice Shouldn’t Deter Eventual Approval of an Ether Spot ETF: JPMorgan

The legal actions against crypto exchanges appear to be an attempt by the SEC to influence policy makers and legislators, the bank said. If the SEC denies approval of spot ether ETFs it will likely face a legal challenge and lose, the report said. JPMorgan said the lack of approval this month is not a huge disappointment as it was widely expected by the market. The Well’s Notice issued to trading platform Robinhood (HOOD) by the U.S. Securities and Exchange Commission (SEC) should not pose an obstacle to the eventual approval of spot ether (ETH) exchange-traded funds (ETFs), JPMorgan (JPM)…

RegulationMay 11

EigenLayer Opens Claims for Airdrop of EIGEN Token, Though It's Non-Transferable

EigenLayer has finally kicked off its long-awaited EIGEN airdrop, but it will be a while before users can trade their new tokens – since the project has made them non-transferable. The Eigen Foundation, a non-profit introduced last week by Eigen Labs, the team behind EigenLayer, opened up "claims" on EIGEN on Friday. Officials have said they would become transferable at a yet-to-be-defined later date. Speculators on decentralized exchanges like Aevo and Hyperliquid are currently valuing EIGEN at around $9. EIGEN's total supply at launch is 1,673,646,668.28466 tokens, which would give the token a fully diluted value of $15 billion. Both…

AltcoinsMay 11

Bitcoin Exchange OKX Shares a New Altcoin Announcement

Cryptocurrency exchange OKX has announced plans to list the NOT (Notcoin) token, offering an innovative staking opportunity for TON (Telegram Open Network) holders. OKX Announces Listing of NOT (Notcoin) Token Offering Staking Opportunity to TON Holders The listing marks a significant development in the cryptocurrency ecosystem and gives TON holders the chance to stake their tokens in exchange for NOT tokens and thus join the thriving Notcoin community. According to reports, TON holders will have the opportunity to stake their TON tokens and receive NOT tokens in return. Each user will have the right to stake up to 4,000 TONS,…

ExchangesMay 11