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.

3 best Solana tokens to invest in 2024

The Solana (SOL) ecosystem gained the spotlight in 2024, as investors turned their attention to new tokens launched there. Part of that happened following an impressive meme coin boom using Solana as the layer-1 infrastructure for millionaire trades. Notably, decentralized finance (DeFi) data from DefiLlama evidence this growth in the ecosystem. The total value locked (TVL) in Solana tokens reached $4.17 billion, a nearly three times increase from the $1.53 billion TVL year-to-date. Together, the daily volume registered by decentralized exchanges grew from $777 million to $900 million in the same period. This is a direct result of increased trading…

AltcoinsMay 9

Jefferies-Backed Tradu Launches Fee-Friendly Crypto Exchange

Tradu, a trading platform owned by Jefferies’ Stratos Group, went live with a new crypto exchange aimed at active traders on Wednesday. Beginning May 8, crypto traders have the opportunity to invest in more than 40 coins, including Bitcoin and Ethereum on the platform, according to a statement. In a bid to undercut competitors, the crypto exchange said it significantly lowers trading fees. Tradu claims fees are up to 95% lower than other platforms, with a standard commission of just 0.1% and additional rebates for larger trades. The comparison is based on a standard account type and information from broker…

ExchangesMay 9

Canaan Inc. Releases Avalon A15 Series A1566 Model, Redefining Bitcoin Mining

Canaan Inc. announces the release of the new Avalon A15 series A1566 model, a technical breakthrough in Bitcoin mining. The revamped features and upgraded performance of the A1566 model machine will redefine the competitive efficacy of mining. Canaan Sets Benchmark for Energy-Saving Mining Machines The energy efficiency ratio of the new model reaches 18.5J/T, which makes the A1566 new mining machine one of the most energy-saving models in its class. It has a high hashing rate of 185T and a low power consumption of 3420W, which represents a capable balance of productivity and power efficiency. The launch follows the great…

MiningMay 9

A New Era for Blockchain-Based Insurance Transactions

Nayms has teamed up with Coinbase to revolutionize insurance transactions using blockchain technology. This collaboration utilizes Coinbase’s diverse offerings such as Prime, Base, and the Coinbase Web3 wallet, marking a significant step towards integrating blockchain technology into institutional insurance operations. Revolutionizing Insurance with Blockchain Technology Nayms, an innovative digital insurance platform, has embarked on a strategic alliance with Coinbase, the renowned cryptocurrency exchange and services provider. This collaboration leverages Coinbase’s advanced technology stack, including Coinbase Prime and its Ethereum Layer2 solution, Base, to create a seamless transaction experience for insurance entities. ] By integrating blockchain technology, Nayms aims to transform…

BlockchainMay 9

Hong Kong To List Bitcoin and Ether ETFs in April

Hong Kong is poised to introduce a series of cryptocurrency exchange-traded funds (ETFs), taking a cue from the United States’ efforts. Hong Kong wants its tier 1 level cities to progress in establishing itself as a digital asset hub. Several leading asset managers in China are in the final stages of preparations to launch spot-Bitcoin and Ether ETFs and they are anticipated to start trading by the end of April. These developments are Hong Kong’s ongoing efforts to position itself as a regulated centre for virtual assets, part of its broader strategy to create its image as a modern financial…

BitcoinMay 9

HKMA Establishes Working Group to Set Standards for Wholesale CBDC Interoperability

The Hong Kong Monetary Authority (HKMA) on Tuesday formed a working committee in order to set industry standards for wholesale CBDC interoperability. The group also aims to facilitate tokenized asset transactions and interbank settlement using wCBDC. “It will make recommendations on specific topics, initially focusing on setting up a mechanism to support seamless interbank settlement of tokenized deposit through wCBDC for tokenized asset transactions.” Dubbed Project Ensemble Architecture Community, the group will assist in the implementation of the Sandbox, slated to launch by mid-2024. The Project Ensemble Sandbox would aid in further research and testing of tokenization use cases, HKMA…

RegulationMay 9

Here is the Trend List to Watch

Cryptocurrency analytics firm Layergg has released its weekly token and trend watch list, highlighting key trends and events in the altcoin market. Dogecoin (DOGE) Coinbase International is preparing to launch Dogecoin futures on April 1. With April 20th being known as 'Doge Day', it is important to consider the recent tendency for memecoin prices to react sensitively to such events. Aptos (APT) Aptos is preparing to make a major RWA (real world assets) announcement in April. There are rumors of a potential partnership with a major asset manager, possibly BlackRock or Franklin Templeton. Details are expected to be announced at…

AltcoinsMay 9

Ripple's Stablecoin Project Already Attacked by SEC

The U.S. Securities and Exchange Commission already has Ripple's recently announced stablecoin in its crosshairs. In its recent filing, the SEC described the stablecoin as an "unregistered crypto asset." As reported by U.Today, Ripple announced its dollar-backed cryptocurrency in early April. The "enterprise-grade" stablecoin, which will be launched both on the XRP Ledger and Ethereum, is supposed to bridge traditional finance with crypto. According to Ripple CTO David Schwartz, the name of the stablecoin project is going to be unveiled in June. The lawsuit is "closer than ever" to its end In its reply, the SEC claims that a permanent…

LegalMay 9

the new crypto trading platform for the United Kingdom

Revolut, the super financial app, has launched the new crypto trading platform: Revolut X. Dedicated only to users in the United Kingdom, the new crypto-exchange offers fixed fees of 0% for makers and 0.09% for takers. Revolut X: the new crypto-exchange of the fintech app for users in the United Kingdom Revolut X: the new crypto-exchange for experienced traders in the United Kingdom The recent listing of FLOKI Revolut X: the new crypto-exchange of the fintech app for users in the United Kingdom Revolut, the famous fintech app, quietly launched its new crypto trading platform: Revolut X. At the moment,…

ExchangesMay 9

Post-Halving, Bitcoin Difficulty Drops Significantly; Hashrate Dips Below 600 EH/s

The Bitcoin network experienced its second difficulty adjustment post-halving and the most significant reduction this year. Additionally, the network’s total hashrate fell below the 600 exahash per second (EH/s) mark for the first time since late March. Bitcoin Network Sees Significant Reduction in Difficulty and Hashrate Over the forthcoming two weeks, Bitcoin miners will see some respite as the difficulty level has decreased by 5.62%, moving from 88.10 trillion to the present 83.15 trillion. This change marks the most substantial reduction in 2024 and came after the halving on April 19, 2024. Bitcoin’s total hashrate has dropped by 75 EH/s…

MiningMay 9