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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.

Math Olympian in Shadow of John Nash Tries to Solve Blockchain, AI Trust Dilemma

In mathematics, Jasper Zhang figures to be a sort of Zeus. He says he won gold medals at math olympiads in China and Russia, and it took him just two years to get a Ph.D. from the University of California, Berkeley. Now he's trying his hand at solving a key problem at the intersection of two of the fastest-growing but most complicated areas – blockchain and AI. Hyperbolic, the two-year-old startup that Zhang leads focused on decentralized AI computing, said Thursday that it is introducing a protocol called “Proof of Sampling (PoSP),” aimed at addressing challenges with trust in decentralized…

Blockchain

Grayscale Parent Digital Currency Group Reports $229M Revenue for Q1

Digital Currency Group (DCG), the parent company of asset manager Grayscale, reported a first quarter revenue up 11% from the previous quarter to $229 million. In a letter to shareholders on Tuesday, the firm said Grayscale accounted for $156 million of its first quarter revenue. Thanks to sharp rises in the price of bitcoin (BTC) and ether (ETH), that amount was about flat from the previous quarter despite heavy redemptions and a reduced management fee following the conversion of the Grayscale Bitcoin Trust (GBTC) to an ETF.. “While Grayscale expected outflows alongside increased competition under the ETF wrapper, Q1 revenue…

Regulation

Solana’s Leading DEX Aggregator Jupiter Reveals Launch Date for its Mobile App

TL;DR Jupiter aims to launch its mobile application by July, having become responsible for 50% of Solana’s computational load. Co-founder Siong revealed during the Solana Crossroads 2024 conference that they are working on a mobile version for late May or early June. Despite ups and downs, the JUP token has seen significant growth, backed by the platform’s success in transactions and trading volume. Jupiter, the prominent DEX aggregator on Solana, is in the spotlight with its next foray into the mobile world. Siong, one of its co-founders, announced at the Solana Crossroads 2024 conference that the Jupiter mobile app is…

Altcoins

DWF Labs Denies Market Manipulation Allegations by WSJ, Binance Affirms Strict Surveillance

DWF Labs, a major player in the cryptocurrency industry, has delivered a strong counter-statement to accusations of market manipulation voiced recently by the Wall Street Journal (WSJ). In a long message to its respected partners, DWF Labs leaves no room for ambiguity when dismissing the allegations. It denounces them as misinterpretations of the facts that bear no evidence to support them. To our valued partners: We want to clarify that many recent allegations reported in the press are unfounded and distort the facts. DWF Labs operates with the highest standards of integrity, transparency, and ethics, and we remain committed to…

Exchanges

Euclid Protocol Unveils Groundbreaking Liquidity Layer on Nibiru Chain

Euclid Protocol has stepped out of the shadows to introduce a pioneering shared liquidity layer powered by Nibiru Chain. With substantial backing from a $600,000 pre-seed funding round and support from Nibiru, Euclid is poised to address the persistent challenge of fragmented liquidity across diverse blockchain ecosystems. — Led by Founder and CEO Georges Chouchani, Euclid's Unified Liquidity Layer represents a paradigm shift, leveraging the Virtual Liquidity Pool (VLP) model to unite liquidity virtually across chains. This innovative approach eliminates the need for cumbersome migration processes, ensuring scalability and efficiency while fostering a seamless market environment. The recent pre-seed funding…

Blockchain

Reynolds Foundation Donates $1 Million To Fund Bitcoin And Open-source Projects

OpenSats, a non-profit organization that supports the development of free and open-source software and projects focusing on Bitcoin, announced today that it has received a $1,000,000 donation from the Reynolds Foundation. OPENSATS RECEIVES $1,000,000 DONATION FROM REYNOLDS FOUNDATION The Reynolds Foundation is supporting OpenSats with a generous $1M donation, noting that they "warmly invite fellow philanthropists to join [them] in supporting this groundbreaking endeavor."https://t.co/NdcBcvc5rQ — OpenSats (@OpenSats) April 22, 2024 "As new supporters of OpenSats, we are deeply appreciative of the opportunity to engage with a community that exemplifies transparency, professionalism, and inclusivity, all while championing the acceleration of freedom,"…

Bitcoin

WisdomTree’s Crypto Business Goes Live in New York Against Big Shareholder's Wishes

WisdomTree Prime, the firm's digital asset app, went live in New York on Thursday. The app allows users to save, spend and invest in digital assets on-chain. The move comes as one of the firm's biggest shareholders is urging investors to vote against the reappointment of CEO Jonathan Steinberg given his strong push into crypto. WisdomTree's digital asset app, which offers users access to bitcoin (BTC) and Ethereum's ether (ETH) as well as dollar and gold tokens, on Thursday became available to customers in New York, even as CEO Jonathan Steinberg is under pressure from shareholders as a result of…

Regulation

Crucial Ripple (XRP) Move from One of Japan’s Largest Financial Institutions

SBI Holdings, one of Japan's leading financial institutions, announced its decision to join XRP Ledger (XRPL) as a validator. The company's cryptocurrency subsidiary, SBI VC Trade, will begin operating as a node operator for the protocol starting May 10, 2024, to support the growth of the XRPL ecosystem. SBI Holdings has a long-standing history of using XRP Ledger through Ripple Payments, a blockchain payment infrastructure provider that leverages XRP to facilitate global payments. Building on this relationship, SBI Holdings has expanded its relationship with XRPL through SBI VC Trade, becoming the latest node operator to join the network. A representative…

Altcoins

XION Partners with Saga to offer Chain Abstraction on Chainlets

XION, a multi-chain cryptocurrency payment processor, has recently announced its latest partnership. As per the company, it is collaborating with Saga, an L1 blockchain protocol, to offer Chain Abstraction for chainlets for more scalability and increased mainstream adoption. On its official account on the social media platform X, the company revealed its latest endeavor. XION is bringing Chain Abstraction to @Sagaxyz__'s Chainlets The integration combines XION's Generalized Abstraction with SAGA's infinite horizontal scalability to further boost mainstream adoption through frictionless ecosystem composability. Learn more ↓ pic.twitter.com/jklsmU0vvb — XION 🔥 (@burnt_xion) May 9, 2024 XION Integrates with Saga for the Provision…

Blockchain

Bitcoin is Trading -11.65% Below Our Price Prediction for Apr 27, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Bitcoin is up 3.15% today against the US Dollar Bitcoin is currently trading 11.65% below our prediction on Apr 27, 2024 Bitcoin gained 2.71% in the last month and is up 142.60% since 1 year ago BTC price is expected to rise by 13.95% in…

Bitcoin