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.

Peaq Network Joins Synternet as an Exclusive Data Publisher

The L1 blockchain Synternet, which powers interoperable and modular data infrastructure throughout major chains, has announced another partnership. As per the platform, peaq, a multi-chain L1 blockchain dealing with Machine real-world assets and DePIN applications, is joining Synternet as an exclusive data publisher. Synternet took to X to reveal this unique integration. Announcing a new publisher – @peaqnetwork 👾 Starting today, builders can tap into peaq's agung testnet data streams and start building tomorrow's real-time #DePIN and Machine #RWA applications 🏔 Read the full details here 👇https://t.co/JWisLIQ1jK — Synternet (@synternet_com) May 8, 2024 Synternet Incorporates Peaq Network as Its Latest…

BlockchainMay 9

First to Offer Trading and EVM Bridges

Great news for Bitcoin enthusiasts! Sovryn is shaking things up by bringing the capabilities of Ethereum and Solana to Bitcoin. Today, Sovryn will launch the first user-friendly DEX to support trading for Runes, the highly anticipated Bitcoin token standard. — Runes represent a big step forward in the crypto world, allowing advanced token creation directly on Bitcoin's secure framework. This move by Sovryn opens the door to a whole range of innovative financial applications. But Sovryn isn't stopping there. They've also built a custom Runes to EVM bridge to ensure smooth and efficient trading of these new assets. Sovryn's unique…

BitcoinMay 9

Cardano Founder Makes Crucial Statement on Attempts to Impersonate Him

Mathematician and crypto billionaire Charles Hoskinson is well known to the cryptocurrency community as one of the Ethereum cofounders and the creator of IOG – the company that stands behind Cardano's development. Similar to many other leading figures in the cryptocurrency industry, Hoskinson is a target for various impersonators and scammers, who set up fake ADA giveaways from his name. On Sunday, Hoskinson took to the X social media network (formerly known as Twitter) to give an important reminder to the ADA community in relation to that. Hoskinon's reminder to ADA army Hoskinson responded on X to a user who…

AltcoinsMay 9

Fireblocks Starts Supporting EigenLayer by Offering Restaking Services

Fireblocks, a well-known blockchain security platform has commenced support for EigenLayer’s EIGEN token. As per the company, it is now providing restaking services on EigenLayer, an Ethereum-based decentralized restaking protocol, as a part of its latest integration. On its X account, the company revealed this development to the community. Fireblocks now supports $EIGEN and offers restaking on @eigenlayer. Maximize your ETH assets securely and efficiently. Dive into our blog for all the details → https://t.co/ygzqmVugGt pic.twitter.com/8UwkvKKoYz — Fireblocks (@FireblocksHQ) May 8, 2024 Fireblocks Begins Restaking Services on EigenLayer by Supporting EIGEN In a devoted blog post on its official web…

BlockchainMay 9

'Duke Nukem' X Post by Blockstream Boss Urges Community to Buy Bitcoin

Founder of Blockstream Adam Back has addressed his followers on the X/Twitter social network, urging them to keep stacking Sats, and do it “harder,” while Bitcoin is trading at the current price level. Back cited the popular Duke Nukem character in his tweet today, adding stacking Sats: "It's time to stack sats and chew bubblegum, and I'm all out of gum." "It's time to stack sats and chew bubblegum, and I'm all out of gum." -Duke Nukem, Duke Nukem Forever pic.twitter.com/NePpJa6MES — Adam Back (@adam3us) April 24, 2024 In an earlier tweet today, Back also addressed the Bitcoin community, urging…

BitcoinMay 9

Whales Preparing for the Bull Increased Their Purchases in This Altcoin, The Price Made ATH!

The leading cryptocurrency Bitcoin failed to hold on to its ATH of over $73,000 and fell below $61,000 last week, with the impact of outflows in ETFs. While BTC continues its volatile movements after this decline, horizontal movements continue in altcoins. At this point, some investors see these declines as a buying opportunity and make purchases. According to Lookonchain's post, whales, taking advantage of the decline, accelerated their purchases of ONDO, the RWA token. Accordingly, 3 wallets purchased ONDO worth approximately $8 million from Bybit and Gateio exchanges. “Whales are accumulating RWA token ONDO! Whale “0x56F9” pulled in 6.53 million…

AltcoinsMay 9

Bitcoin to $17.7 Trillion Market Cap? Top Expert Does Not Deny This Possibility

Bitcoin analyst Willy Woo recently initiated a discourse within the cryptocurrency community concerning the feasibility of Bitcoin surpassing gold's market capitalization of $17.7 trillion. In a series of insightful remarks, the expert delved into the nuanced dynamics of stock-to-flow (S2F) ratio, inflationary trajectory of BTC and the evolving landscape of institutional adoption. Central to Woo's thesis is the S2F model, a metric that gauges an asset's scarcity by comparing its existing supply to its annual production. With Bitcoin's inflation rate now lower than that of gold, the expert posits that the cryptocurrency stands poised to challenge the dominance of the…

BitcoinMay 9

Arbitrum community argues for memecoins over DeFi in $3.3 million DAO fund proposal

The Arbitrum Decentralized Autonomous Organization (DAO) is contemplating a $3.3 million memecoin fund to foster a memecoin-friendly ecosystem within the Ethereum layer-2 blockchain network, according to a March 24 proposal on the platform’s discourse forum. According to the proposal: “The motivation of the memecoin fund is to help the Arbitrum ecosystem as a whole. Draw attention, new users, more chain usage, more DeFi activity, and more.” The author wrote the proposal in response to learning about new DeFi incentives, which they believe are throwing “more money at protocols so they can be farmed by whales/teams.” They further argued the DAO…

AltcoinsMay 9

GaFin Partners with Monkey Empire for MMO Strategy Game Innovation

In the limelight, GaFin is thrilled to announce its partnership with Monkey Empire. It is a groundbreaking MMO Strategy video game operating on Arbitrum. This collaboration demonstrates a dedication to innovation, creativity, and teamwork. Additionally, it has a goal of delivering exceptional gaming experiences to players worldwide. By joining hands, they aim to open new possibilities through game integration and engaging community activities. GaFin 🤝 @monkeyempiree 🚀 We’re pleased to announce our partnership with @monkeyempiree – an MMO Strategy video game built on @arbitrum, empowering users to strengthen their monkeys to build an Empire ✨ 💥 Our partnership is a…

GameFiMay 9

Bitcoin’s issuance rate sinks lower than gold’s after fourth halving

Bitcoin’s fourth halving event has drawn significant attention to its comparison with gold regarding scarcity, as highlighted by Glassnode analysts. According to Glassnode, this event marked a historic moment where Bitcoin’s (BTC) issuance rate fell below that of gold for the first time, emphasizing a pivotal shift in the narrative surrounding the two assets. As reported, the halving event on Saturday reduced block subsidies, with the issuance dropping from 6.25 BTC to 3.125 BTC per block. This translates to an issuance of approximately 450 bitcoin per day, further underlining the event’s impact on Bitcoin’s supply dynamics. Yassine Elmandjra from ARK…

BitcoinMay 9