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.

Nuklai Partners with eesee to Simplify Access to Digital Assets

Nuklai is excited to unveil its new partnership with eesee; the platform is a gamified marketplace for high-value RWAs, NFTs and crypto tokens. eesee is supported by industry heavyweights such as Momentum 6 and Animoca Brands and has teamed up with Ape Terminal and ApeCoin, making it a key figure in the digital asset market. 📢 Partnership Announcement🤝 We are partnering with @eesee_io, a gamified marketplace that eases access to high-value RWAs, NFTs, and crypto tokens. eesee is supported by industry players such as @Momentum_6 and @animocabrands. Its partners include @apecoin & @apeterminal. pic.twitter.com/3LWwuBoSvg — Nuklai (@NuklaiData) May 8, 2024…

ExchangesMay 9

RedStone Oracles Announces Integration with Frax Finance to Support Fraxlend

RedStone, a decentralized data ecosystem offering accurate and rapid financial information, has announced an exclusive integration. As per the announcement, the platform is integrating with Frax Finance, a decentralized finance protocol, to offer support for Fraxlend. On its official X account, the company expressed its enthusiasm regarding the latest endeavor. Powering Innovative Lending 🧠 RedStone is thrilled to announce its support for Fraxlend by @fraxfinance, an isolated lending protocol. Fraxlend is using $FRAX $FXS $ETH and more price feeds in the RedStone Classic (Push) Model. Learn more 🧵 pic.twitter.com/4GliE0Y19w — RedStone Oracles ♦️ (@redstone_defi) May 7, 2024 RedStone Oracles Integrates…

BlockchainMay 9

A Closer Look at Recent Market Movements

The world of cryptocurrency investments has witnessed a noticeable uptick in activity, particularly within Bitcoin ETFs. As of April 23, 2024, the market saw a significant net inflow of $32 million into Bitcoin-related exchange-traded funds (ETFs). This marks a positive trend over three consecutive trading days, highlighting growing investor confidence in digital assets. Steady Inflows Signal Investor Confidence The recent trading sessions have been particularly favorable for Bitcoin ETFs, with notable consistency in capital inflows. This trend is underscored by the performance of major funds like the Grayscale Bitcoin Trust (GBTC), which has reported daily outflows remaining below $100 million…

BitcoinMay 9

Crypto Principal Trader Arbelos Markets Raises $28M Led by Dragonfly Capital

Arbelos Markets, a crypto principal trading firm founded by digital asset derivatives veterans Joshua Lim and Shiliang Tang, said Wednesday that it raised $28 million in a "significantly oversubscribed" investment round. The fundraising consisted of seed equity and debt financing led by crypto venture capital firm Dragonfly Capital. A wide range of investors also participated in the round: investment firms Room40 Ventures, Selini Capital and Breed VC, corporate partners FalconX, Circle Ventures, Paxos, P2 Ventures (previously Polygon Ventures), Deribit, Chorus One, StarkWare and Immutable, and angel investors at Aevo, Cega, Talos, Amberdata, and Framework, the press release listed. The investment…

RegulationMay 9

Trader Buys 1 XRP for $0.0428, Ripple CTO Comments on XRPL AMM Single-Sided Deposits

A trader recently swapped $80 for 1,869 XRP, essentially buying 1 XRP for a discount price of $0.0428 after a price impact from a single-sided deposit on an XRPL AMM. The Automated Market Maker (AMM) functionality for the XRP Ledger (XRPL) has finally gone live, but inexperience appears to be negatively affecting the use of the AMM pools on the network shortly after the ecosystem welcomed the feature. Single-Sided Deposits Impacting XRPL AMM This problem stems from the mass influx of single-sided deposits on AMM instances with XRP, as proponents flood the pools with XRP tokens. Notably, all AMM pools…

AltcoinsMay 9

UK Minister Says Government Only Has Time to Implement Stablecoin, Staking Legislation

U.K. Economic Secretary Bim Afolami said he is confident the government can only implement stablecoin and staking rules in the coming weeks. A general election is expected to occur in the second half of the year. The current U.K. government will only have enough time to implement stablecoin and staking secondary legislation in the coming weeks, Economic Secretary Bim Afolami said on Wednesday. “What I’m very confident we’ll be able to achieve is the secondary legislation around staking and stablecoins. Those two things are absolute priorities in the coming weeks and months,” Afolami said at the Financial Times Crypto and…

LegalMay 9

In April 2024, Crypto Derivatives Trading Volume on the CME Falls 19.8%

CCData, authorized by the FCA as a benchmark administrator, stands as a global leader in digital asset data. It serves both institutional and retail investors by providing high-quality, real-time, and historical data. With a proven track record in data expertise, CCData offers thought-leadership reports and analytics that deliver objective insights into the digital asset industry. The CCData Exchange Review meticulously tracks significant developments within the cryptocurrency exchange market. This review encompasses detailed analyses of exchange volumes, focusing on aspects such as crypto derivatives trading, market segmentation by exchange fee models, and comparisons between crypto-to-crypto and fiat-to-crypto volumes. It also includes…

ExchangesMay 9

D8X Pioneers Perpetual DEX on OKX’s X Layer Network

D8X has made its mark with its official launch, a remarkable step on the new X-layer layer-2 network operated by the highly regarded crypto exchange OKX. This is a landmark event, with the D8X being the first binary option contract from DEX to operate on the blockchain. Traders in the cryptosphere will find this an unobstructable opportunity. D8X offers Leadership in Innovation on the X-Layer Testnet As a member of the D8X team said, “In the course of 2 months on the X Layer testnet, we had 15 thousand users trying the D8X solution already.” This impressive number is a…

BlockchainMay 9

Thiel-Backed Cryptography Startup Lagrange Raises $13M

Peter Thiel's Founders Fund led a $13.2 million seed funding round into Lagrange Labs, a cryptography startup based on Ethereum's EigenLayer restaking platform. Lagrange specializes in zero-knowledge (ZK) proofs – a way for computers to mathematically verify certain kinds of data. Zero-knowledge proofs, a type of cryptography, have wide applications to blockchains and have become a popular component of layer-2 "rollup" chains, which are used to make networks like Ethereum faster and cheaper for end-users. Lagrange explained its main product a statement shared with CoinDesk, describing its zero-knowledge "coprover," targeted for release later this month, as "an off-chain network of…

RegulationMay 9

Floki Announces Valhalla Mobile App Release and Record-Breaking Burns

Floki, the popular cryptocurrency, has unveiled exciting developments, including the upcoming release of the Valhalla mobile app and significant token burns due to increased utility demand. VALHALLA MOBILE APP TO BE RELEASED LATER THIS YEAR Due to strong user demand, we will release a mobile app version of $FLOKI's flagship utility metaverse game #Valhalla later this year — for both iOS and Android users. Our roadmap has also been updated to reflect this! This… https://t.co/JtSkD5RapL pic.twitter.com/EQYSdj91iT — FLOKI (@RealFlokiInu) March 23, 2024 In response to user demand, Floki plans to launch a mobile app version of its flagship utility metaverse…

AltcoinsMay 9