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.

China’s Next-Gen Startups Take on Industry Giant OpenAI

OpenAI’s ChatGPT’s absence in China has created a unique opportunity for a new wave of artificial intelligence startups in China, each vying to fill the void and establish themselves as leaders in the generative AI space. Backed by major regional investors, these startups are developing advanced AI systems capable of producing various content, from images and text to music, posing a major challenge to OpenAI’s global supremacy. Chinese Startups Challenging the Reign of OpenAI Four key startups have become leaders in China’s AI sector, each achieving unicorn status with valuations exceeding $1 billion. Zhipu AI, backed by giants like Alibaba…

RegulationMay 6

Ripple (XRP) devs prepare for AMM reactivation following the latest hiccup

Ripple’s (XRP) investors encountered transaction glitches on XRPL Ledger’s automated market maker (AMM) pools on Monday. The team advised users to refrain from funding AMM pools until further updates. Meanwhile, Ripple’s latest blog emphasizes that a team comprising tequ, XRPL community, RippleX, and Orchestra Finance quickly identified the AMM malfunction. The issues affected the payment engines, disrupting liquidity flow through automated market maker pools. The blog added that the developers have fixed the XRPL glitch and will release it upon reviewing and testing. Nonetheless, XRP Ledger validators should vote for the solution before official release. Further, 80% of the participants…

AltcoinsMay 6

Encryption and encrypted passwords in the world of blockchain and crypto

The storage and secure management of data and passwords is one of the most important aspects in the crypto and blockchain world, and more generally in all online environments. Encryption, intense as the art of “hidden writings” capable of converting plain text into encrypted text and vice versa, comes to our aid making it difficult for hackers to allow unauthorized access to certain networks and transactions. Let’s delve into the different methods through which encryption can protect valuable information and safeguard passwords. Symmetric and asymmetric password encryption in the crypto sector The most common formats of encrypted passwords Hash functions…

BlockchainMay 6

Bitcoin Price Turns Red And At Risk of More Downsides Below $63K

Bitcoin price failed to recover above the $65,500 resistance. BTC is again moving lower and there is a risk of more downsides below $63,000. Bitcoin started another decline after it failed to surpass the $65,500 resistance zone. The price is trading below $64,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $64,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate lower if there is a daily close below the $63,000 support zone. Bitcoin Price Faces Hurdles Bitcoin price started a recovery wave…

BitcoinMay 6

JPMorgan Chase, Bank of America and Citibank Holding $7,427,000,000,000 Off-Balance Sheet in Potentially Dangerous Cocktail of Unknown Assets: Report

JPMorgan Chase, Bank of America and Citibank are keeping trillions of dollars in unknown and potentially risky assets off of their balance sheets, according to new data from the US government. The new numbers – compiled by the Federal Financial Institutions Examination Council (FFIEC) and first reported on by Wall Street on Parade – show JPMorgan Chase holds $3.227 trillion off-balance sheet, Bank of America holds $1.6 trillion off-balance sheet and Citibank holds $2.6 trillion off-balance sheet. The Federal Reserve defines off-balance sheet activities as “quite diverse in nature” and says they may include such instruments as firm loan commitments,…

RegulationMay 6

Vanar Partners Stardust to Assist Developers

Vanar, a popular layer 1 blockchain platform, has recently announced an exclusive partnership. The firm is reportedly collaborating with Stardust, a software platform enabling easy game development and blockchain onboarding of exclusive players, to facilitate the developers. The platform took to its X account to reveal the news of the new development. 📢 NEW ADOPTION ALERT 📢@VanarChain is excited to welcome @Stardust to our ecosystem! 🎮 Stardust is revolutionizing Web3 gaming with its scalable, blockchain-agnostic platform, bridging the gap between Web2 and Web3 development. pic.twitter.com/R8rMcTL6Kh — Vanar (@Vanarchain) May 3, 2024 Vanar and Stardust Enter a New Partnership with Exclusive…

BlockchainMay 6

Bitcoin Has 60% Chance Of Hitting $100,000, Key Predictions Unveiled

On-chain analytics firm Spot On Chain’s team of analysts, using Google Cloud’s Vertex artificial intelligence (AI), has conducted an in-depth analysis to forecast the future price of Bitcoin (BTC). Their latest report provides valuable insights into the leading cryptocurrency’s short-, medium-, and long-term outlook. Bitcoin Price Forecasts According to Spot On Chain’s report, Bitcoin prices are expected to fluctuate between $56,000 and $70,000 during May, June, and July 2024. This projected range indicates the potential for market volatility, with a 48% probability assigned to the scenario where BTC prices may dip below $60,000. Moreover, the report advises a cautious approach,…

BitcoinMay 6

Synthetix Founder Kain Warwick Shares Crucial Fundraising Advice for New Crypto Teams

Renowned blockchain entrepreneur and investor summarizes his thoughts on capital formation incentives in crypto, natural rivalry between VCs and retail investors, evergreen indicators for seed round participants and tough times for early-stage fundraising. Teams are constrained by dominant meta, Kain Warwick admits In 2024, even the most successful Web 3.0 teams looking for fresh funds are constrained by the current meta if they want to raise big rounds, Warwick shared in his latest thread on X with 123,000 followers. It’s been a while since I’ve put my theadoooooor hat on, so let’s have a little chat about capital formation incentives…

RegulationMay 6

MTL reaches new ATH, short-term accumulation skyrockets

Mantle (MNT) reaches a new all-time high as investors show an accumulation pattern amid bullish market conditions. Mantle’s price has registered a slight decline after reaching a new all-time high of $1.29 at around 05:30 UTC on March 27. MNT is still up by 28% in the past 24 hours and is trading at $1.18 at the time of writing. The asset’s market cap grew to $3.8 billion, making it the 33rd-largest digital currency. MNT price, RSI, profit to loss ratio, active deposits and active withdrawals – March 27 | Source: Santiment Moreover, Mantle’s daily trading volume increased by 65%,…

AltcoinsMay 6

Orbitpad Announces Migration from v1 to v2 for Improved User Experience

Orbitpad plans to launch a migration process from v1 to v2 to resolve a number of systemic issues connected with the staking contract to create a significantly better UX for users overall. Then, once the migration is launched, staking, unstaking, and claiming rewards in v2 dApp will be de facto hands-free for all users. This is because all data is programmed to be moved to the latest smart contract automatically. Orbitpad will be implementing a migration process from v1 to v2 to address all issues related to the staking contract Following this migration, you'll be able to seamlessly engage in…

BlockchainMay 6