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.

All Employees Write, Deploy, and Invoke Smart Contracts – What Does This Mean for The XLM Network?

Stellar organized a dogfooding Soraban experiment involving coding and non-coding staffs. The experiment ultimately helped enhance the UI and UX of the Soraban smart contract network. In February, the Stellar Development Foundation (SDF) conducted a dogfooding experiment that permitted all employees to write, deploy, and invoke smart contracts on Soroban. How the Stellar Soroban Experiment Performed As noted in a blog post released by Stellar developers, central to the Stellar Soroban experiment was Okashi, the web-based platform for smart contracts developed specifically for the recently introduced Soroban protocol. To make the process entertaining, SDF and Okashi created “The Okashi Cakewalk,”…

AltcoinsMay 7

Stacks, Moonriver, Hedera Network and Iron Fish Join Axelar’s Interchain Amplifier

Web3 cross-chain protocol Axelar has announced over 60 chains including Stacks, Moonriver, Hedera Network and Iron Fish have joined a devnet-phase pilot of Interchain Amplifier. In an announcement, Axelar said the Interchain Amplifier is a smart-contract-based developer toolkit that makes new-chain integrations permissionless by automating routing and translation across Axelar’s blockchains. Axelar is a decentralized interoperability network connecting all blockchain ecosystems, and applications. Axelar is backed by Binance, Coinbase, Dragonfly, Galaxy and Polychain. The network claims Interchain Amplifier is the first service of its kind to allow permissionless connectivity across major blockchain networks including Bitcoin, Ethereum, EVM chains, IBC, Hedera…

BlockchainMay 7

Morgan Stanley Poised to Permit Broker Recommendations for Bitcoin ETFs

Morgan Stanley is reportedly considering allowing its brokers to recommend Bitcoin ETFs to clients, signaling a significant shift in its cryptocurrency stance. The move follows the introduction of spot Bitcoin ETFs by major financial institutions like BlackRock, Grayscale, and Ark Invest. “We are laying the groundwork for potentially transformative changes to our investment recommendations,” said a senior executive at Morgan Stanley. This article explores Morgan Stanley’s potential policy shift to allow broker recommendations for Bitcoin ETFs, detailing the implications for investors and the broader financial landscape. Strategic Shift in Brokerage Recommendations Morgan Stanley, a leading global financial services firm, is…

BitcoinMay 7

This is what an RFK Jr. capital gains tax could look like

President Joe Biden recently brought taxes – capital gains taxes – into the forefront of the discussion with a budget plan that immediately proved a hot topic of discussion. The plan would entail raising the maximum capital gains tax rate to an unprecedented 44.6%. For comparison, the rate started off at 7%, rose to 12.5% with the introduction of the Revenue Act in 1921, and only briefly stood at the previous record of 40% under President Carter. Biden’s proposal also made a stir as it included another unprecedented element: an unrealized gains tax that would affect investors worth more than…

RegulationMay 7

TrueFi Unveils Lending Protocol for Tokenized Real-World Assets

Decentralized finance (DeFi) lender TrueFi has announced plans to launch a real-world-asset-based (RWA) lending platform called Trinity. The platform aims to increase utility for its tokenized U.S. Treasury offering. Trinity will allow users to take out crypto loans using tokenized RWAs as collateral. TrueFi’s Treasury bill token (tfBILL) will be the first, with plans to add other yield-generating tokenized products in the future, according to a TrueFi governance proposal by ecosystem developer organization Wallfacer Labs. Investors will be able to borrow the platform’s TRI token by pledging the tfBILL tokens and use the borrowed crypto to create DeFi strategies to…

AltcoinsMay 7

How Blockchains Can Make AI Safer

If you’re curious about emerging tech, it’s harder to imagine a cooler job than Allison Duettmann’s. She’s the CEO of the Foresight Institute, a think tank founded in 1986 that’s devoted to advancing science and tech that’s arguably undervalued — fields like nanotechnology, space exploration, and harnessing cryptography to build safer AI. Allison Duettmann is speaker on the AI Stage at Consensus 2024, in Austin, Texas, May 29-31. Duettmann lives in the world of Big Future Ideas. She’s the coauthor of “Gaming the Future: Technologies for Intelligent Voluntary Cooperation”; she’s the founder of Existential Hope (with a mission of “Thinking…

BlockchainMay 7

Bitcoin (BTC) Poised to Continue Bull Run, But Not Without Challenges

The Bitcoin (BTC) halving on April 19th has catalyzed a wave of predictions about the cryptocurrency’s future price trajectory. While the prevailing sentiment leans towards an imminent price increase, data analytics firm Santiment advises caution and urges a more nuanced approach to market analysis. Instead of adopting conventional methods like merely counting days post-halving or calculating potential percentage growth, Santiment employs a multifaceted analytical approach. The firm delves deep into both historical and potential future events, emphasizing the importance of behavioral analysis within the market. Understanding Market Behavior Through Key Metrics Santiment’s analysis focuses on three pivotal metrics to gain…

BitcoinMay 7

Swiss National Bank Chair Jordan Discusses Two Alternatives to Wholesale CBDC

The Swiss National Bank’s (SNB) chairman of the governing board, Thomas Jordan, noted that the bank is exploring best ways to tokenize financial assets. Speaking at an event in Basel on Monday, Jordan noted that the Swiss National Bank is investigating alternative options to its wholesale CBDC. Outlining pros and cons of wholesale CBDC, Jordan said SNB is conducting live pilots as part of Project Helvetia III. The project was first launched in December 2023. In the project, participating banks can use Swiss franc wholesale CBDC to settle transactions with tokenized bonds on SIX Digital Exchange (SDX). “Settlement in central…

RegulationMay 7

JASMY Announces Partnership With Tech Giant Panasonic

After the revolutionary announcement, the price of JASMY skyrocketed by 12%. This growth reflects market excitement about the collaboration between JASMY and Panasonic and signals anticipation for advances in Internet of Things technologies. The partnership aims to connect decentralized databases with IoT devices based on Jasmy’s advanced Personal Data Locker (PDL) technology and Panasonic’s IoT expertise. Together, they are planning a revolutionary platform that will transform the management and use of data in the IoT ecosystem. The upcoming IoT platform, a collaboration between JASMY and Panasonic, offers many features designed to push the boundaries of blockchain and IoT integration. Agile…

AltcoinsMay 7

Massa Labs Teams Up with Starknet to Forge Next-Gen Blockchain Solutions

In an era where blockchain technology continuously reshapes financial and data landscapes, significant strides are being made to enhance its infrastructure and accessibility. A landmark partnership has been announced that is set to push the boundaries of blockchain’s capabilities even further. Massa Labs, known for its innovative approaches to decentralized ledger technology, has joined forces with the Starknet Foundation, a key player in the development of scalable and efficient blockchain solutions. 🎉 MASSA x STARKNET We're thrilled to announce a newly signed partnership between @StarknetFndn and @MassaLabs aimed at developing innovative block access methods 🚀, enhancing data transfer efficiency 💾,…

BlockchainMay 7