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.

Solr Network launches user-friendly token creator for Solana blockchain

Solr Network has delivered its Token creator targeting the Solana blockchain, through which users can easily build and control customized tokens. It comes with its package of effectiveness, cost-effectiveness, and safety factors. With the help of the Token Creator, users will be provided the option of creating SPL tokens on Solana sans any coding know-how. It comes with the least fee for developing Solana tokens and will offer a high connectivity rate to an entire array of users, such as builders and companies. In addition, there is a high level of safety regarding dismissing mint and freeze issues while the…

BlockchainMay 7

OG Labs Partners with Mirror for Enhanced Bitcoin Interoperability

OG Labs, a popular modular artificial intelligence chain, has commenced an exclusive partnership. The company says it has collaborated with the BTC staking infrastructure program ‘Mirror Staking Protocol’ also referred to as ‘Mirror’ to have an improved experience including the latest developments. On its X account, OG Labs disclosed the details of the partnership. 1/ 💥0G is pleased to partner with Bitcoin staking infrastructure project @Mirror_L2 This will provide access to: a) DA functionality, b) Modularity for enhanced interoperability, c) Improved security via 0G Storage d) 0G-based AI models. Here's why this is big🤩#0g_labs… pic.twitter.com/HFcwmtP0oZ — 0G Labs (@0G_labs) April…

BitcoinMay 7

Bitcoin Wallet Maker Exodus Jumping Up to New York Stock Exchange

Exodus Movement, the software developer behind the Exodus Wallet for Bitcoin, got the green light to list its common stock on the New York Stock Exchange, the company said on Monday. The EXOD ticker on the NYSE comes as government regulators are stepping up enforcement actions against cryptocurrency projects and developers. While that's certainly a cause for concern, Exodus CEO and co-founder JP Richardson said EXOD was qualified by the U.S. Securities and Exchange Commission and can also trade on NYSE American, formerly known as the American Stock Exchange (AMEX). “What's really cool about this is that our common stock…

RegulationMay 7

Popular Crypto Wallet MetaMask Rolls Out 'Smart Transactions' to Combat Ethereum Front-Running

MetaMask, the most popular crypto wallet for Ethereum, is rolling out a new feature this week designed to help users avoid the consequences of maximal extractable value, or MEV. The optional new feature, called Smart Transactions, will allow users to submit transactions to a "virtual mempool" before they are officially cemented on-chain. According to Consensys, the company behind MetaMask, the virtual mempool will protect against certain kinds of MEV strategies, and it will run behind-the-scenes simulations of transactions to help users get lower fees. MEV is extra profit that blockchain operators can extract from users by previewing or re-ordering transactions…

BlockchainMay 7

BitcoinOS whitepaper to address Bitcoin limitations

BitcoinOS released its whitepaper presenting innovative solutions addressing Bitcoin’s scalability and smart contract limitations. The innovations include BitSNARK technology and Grail Rollup Bridges, facilitating seamless communication and asset movement between Bitcoin (BTC) and other blockchains. Though not explicitly mentioned in the whitepaper, CASTL is a shared infrastructure concept that ensures the security and interoperability of these projects within the Bitcoin ecosystem. Unlike alternative approaches that create separate sidechains for defi on Bitcoin, BitcoinOS focuses on leveraging Bitcoin’s inherent capabilities for complex transactions and defi applications directly secured by the Bitcoin network. The whitepaper aims to assist in reaching Bitcoin’s potential…

BitcoinMay 7

German central bank president calls for swift adoption of CBDCs to stay competitive.

Joachim Nagel, President of the Deutsche Bundesbank and a member of the ECB, emphasized the urgency for central banks to reassess their business models and swiftly adopt central bank digital currencies (CBDCs). Speaking at a high-level panel during the Bank for International Settlements (BIS) Innovation Summit on May 6, Nagel expressed concern over the uncertain future facing central banks. He noted a significant shift in perspective, saying: “If you would have asked me 20 years ago if the central bank business model was destroyable or not, I would have said no. Now I am not so sure anymore.” Nagel stressed…

RegulationMay 7

Worldcoin (WLD) faces regulatory scrutiny in Portugal

Portuguese data protection watchdog CNPD has ordered Worldcoin (WLD) to halt biometric data collection for 90 days. That follows massive complaints from citizens within the past month. PORTUGAL'S DATA REGULATOR SAYS IT RECEIVED DOZENS OF COMPLAINTS ABOUT WORLDCOIN IN THE LAST MONTH – STATEMENT #News #Markets #live — Capital Hungry (@Capital_Hungry) March 26, 2024 The regulator has yet to confirm the reason behind the suspension, but it seems to involve legal developments. Some experts speculate that CNPD could use the three months for detailed discussion with the WLD team. Worldcoin continues to face regulatory challenges amid its global expansion. For…

AltcoinsMay 7

Nimble Network Collaborates with Laika, First Web3 AI Super App

Nimble Network is excited to unveil its collaboration with Laika, the First Web3 AI Super App. This marks a milestone in the evolution of decentralized artificial intelligence solutions. Nimble Network and its partner are celebrating this partnership by launching the Nimble Point quest, which challenges users to utilize their concepts. We're proud to announce a new partnership with @Laika_ai 🔥 To celebrate, we have launched the Nimble Point quest. Earn your rewards at https://t.co/qWueemNvDX ⚡️LaikaAI is a revolutionary browser extension that integrates advanced on-chain AI tools leveraging artificial… pic.twitter.com/xfKX3t3k2h — Nimble Network (@Nimble_Network) May 6, 2024 LaikaAI Revolutionizes Crypto Landscape…

BlockchainMay 7

Bitcoin’s Drop to Under $64K Results in Over $200 Million in Liquidations

Bitcoin’s price stood tall above $66,000 for a few days and even challenged $67,000 on a couple of occasions but to no avail. The subsequent rejection brought enhanced pain for the bulls and over-leveraged traders with long positions, as the total value of liquidations on a daily scale has soared to more than $200 million. However, the altcoins also have a big say in this, as most have plummeted even more than bitcoin. Last week was quite painful for the primary cryptocurrency as the asset plunged below $60,000 on two separate occasions amid the ongoing growing tension between Iran and…

BitcoinMay 7

Goldman Sachs Shares Forecasts for How Many Rate Cuts Will Happen This Year and When

Goldman Sachs economists announced that they continue to predict two interest rate cuts this year, with the Federal Open Market Committee (FOMC) meeting “mostly uneventful but dovish”. The FOMC added a hawkish assessment to its statement that “no further progress has been made” on inflation so far this year. However, according to economists led by Jan Hatzius, President Powell gave a dovish message at the press conference. “Our forecast remains unchanged and we continue to expect two rate cuts in July and November this year,” they added. Economists emphasized that the most striking aspect of Powell's speech was that he…

RegulationMay 7