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.

Polyhedra Network and Alchemy Pay Partner to Enhance Crypto Payment Systems

Polyhedra Network, a major Web3 ZK infrastructure provider, has partnered with cryptocurrency payment giant Alchemy Pay. This partnership is a big step toward using Zero-knowledge (ZK) proof technology to change how crypto projects collaborate and grow. Earlier, Alchemy Pay announced support for Astar Network too. Alchemy Pay has entered into a partnership with @PolyhedraZK for upcoming integration of our seamless ramp solution, enhancing its accessibility and user experience for a global audience. #AlchemyPay will soon introduce support for its native token $ZK, with future plans to… pic.twitter.com/pQnX4TfcCR — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) March 26, 2024 Alchemy Pay to…

AltcoinsMay 7

Binance enhances user experience with direct dYdX token transactions

Binance, the world’s largest digital asset ecosystem, has expanded its service offerings by integrating the dYdX (DYDX) mainnet into its platform, marking a significant enhancement in its trading infrastructure. .@binance now supports dYdX Chain DYDX💡https://t.co/tCC24zwVKt pic.twitter.com/mWtrAJ84Zl — dYdX (@dYdX) May 7, 2024 New features unlock decentralized applications With the new integration, Binance users can now directly deposit and withdraw dYdX tokens, enhancing user experience and providing seamless access to a range of decentralized applications (DApps). This development is particularly notable for its facilitation of interactions with various DApps, potentially broadening user engagement within the decentralized finance (DeFi) space. Strengthening the…

ExchangesMay 7

Bitcoin Whales Continue Buying, Now Hold 25.16% Of All Supply

On-chain data shows that the Bitcoin whales’ holdings have grown to 25.16% of the entire supply, and their net accumulation has continued recently. Bitcoin Investors With 1,000 To 10,000 BTC Have Continued To Buy Recently According to data from the on-chain analytics firm Santiment, the BTC whales have accumulated more than 266,000 BTC since the start of the year. The indicator of interest here is the “Supply Distribution,” which keeps track of the percentage of the total circulating Bitcoin supply that the various wallet groups are holding right now. The addresses are divided into these cohorts based on the number…

BitcoinMay 7

GBTC shares jump 5% after first inflow since January

Grayscale Bitcoin Trust (GBTC) reported a 5% increase in premarket trading on Monday as it welcomed its first inflows since January, as reported by Reuters. GBTC was converted into a spot Bitcoin exchange-traded fund (ETF) earlier this year and experienced nearly $17.5 billion of outflows since then. The recent inflows, amounting to $63 million on Friday, were noted by Farside Investors, a notable shift in the fund’s financial trajectory. According to a dashboard by on-chain data platform Arkham Intelligence, GBTC now holds $18.8 billion under management, equivalent to 295,409 BTC. Reuters added that Grayscale has announced plans to seek SEC…

RegulationMay 7

Telegram’s TON nears all-time high following 150% surge YTD

Toncoin (TON) has neared its all-time high, surging in a moment to $5.6 before retracting back to $5.24. On Mar. 26, Toncoin’s native token (TON) jumped to $5.6, nearing an all-time high last seen in November 2021 when the Telegram linked token was trading at $5.8. With this latest price increase, TON’s market capitalization crossed the $18 billion threshold, positioning it as the eleventh token by market value. TON price by market value | Source: CoinMarketCap You might also like: TON receives $8m investment, announces Telegram web3 SuperApp launch The surge in TON’s price follows a set of positive developments…

AltcoinsMay 7

MoonPay, BitPay partner to simplify crypto transactions

MoonPay, a web3 fintech firm, and BitPay, a crypto payments platform, have teamed up to simplify crypto transactions, aiming to make the process smoother. MoonPay announced via social media that the partnership would enable easier and faster crypto sales, streamlining how users transfer cryptocurrency to their bank account or debit card. The integration aims to simplify the digital finance landscape and provide accessible payment solutions, potentially helping crypto users navigate and transact more efficiently. MoonPay 🤝 BitPay We've partnered with @BitPay to make it faster and easier to sell your crypto, and send it to your bank account or debit…

ExchangesMay 7

Horizen partners with Gateway to boost leading Web3 projects

Horizen Labs, a company specializing in zero-knowledge cryptography, made an extensive partnership with Gateway.fm, a distributed blockchain infrastructure company, per the latest information shared with Finbold. The primary goal of the partnership is to combine the expertise of both companies and work to innovate solutions that streamline zk-rollup deployment and help lead to better performance for decentralized applications (dApps). In its announcement, Horizen singled out Gateway.fm’s Presto, a platform that enables developers to deploy ZK-rollups in 4. clicks. Speaking about the partnership, Rob Viglione, the CEO of Horizon Labs, expressed his excitement about the potential benefits for the users and…

BlockchainMay 7

Bitcoin Price Trims Gains Amid War Escalation, Can Bulls Save The Day?

Bitcoin price failed to clear the $67,000 resistance. BTC trimmed gains and is now struggling to stay above the $63,650 support zone. Bitcoin started another decline after it failed to surpass the $67,200 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $66,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but the bears might remain active near the $65,500 zone. Bitcoin Price Dips Again Bitcoin price struggled to clear the $67,000…

BitcoinMay 7

DMarket opens week as top NFT in daily sales

DMarket emerged as the top-ranking non-fungible token (NFT) collection on Monday, with a daily sales volume of US$842,038, which represents a 1% uptick from the day prior. The collection had a total of 36,900 transactions, involving 4,304 unique buyers and 3,555 sellers. DMarket is a Mythos-based collection that represents in-game items for popular games like Counter-Strike 2 and Dota 2, both of which feature in top esports competitions. The International 2021, a Dota 2 tournament held in Bucharest, Romania, had a prize pool of US$40 million, the largest in esports history. DMarket’s market-leading daily sales on Monday pushed its historic…

NFTMay 7

Voting FED Member Barkin Makes Important Economic and Interest Rate Statements This Year

Richmond FED President Thomas Barkin expressed his expectation that higher interest rates would further slow the economy and reduce inflation to the central bank's 2% target. Barkin, who has the right to vote on monetary policy this year, said in a statement today that the strong labor market offers the FED an opportunity to ensure that inflation falls sustainably before reducing borrowing costs. However, he also warned of the risk that persistent inflation in housing and services could drive high price increases, as has been observed this year. “I'm optimistic that today's restrictive interest rate level can reduce demand to…

RegulationMay 7