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Author: 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.

Distilling the Tornado Cash and Samourai Suits

There was a lot of news last week, but maybe the biggest news came Wednesday when the U.S. Department of Justice arrested two co-founders of Samourai Wallet, a bitcoin wallet that offered mixing services. The arrest ramps up the federal government's efforts to tamp down on what it sees as money laundering enabled by privacy tools, and sets up a continuation of that broader conversation on where the right to transact in privacy fits within national security interests. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for…

Legal

Build on Bitcoin Launches Mainnet With Over 40 Apps

The Build on Bitcoin (BOB) project announced the launch of its first phase on Wednesday, enabling decentralized apps—dapps—to interact with the world’s top blockchain. The BOB mainnet is coming online with $300 million in total value locked (TVL) and over 40 dapps already available, the team said on Twitter, declaring “a Bitcoin-driven DeFi summer” with more to come in the next three weeks. Build on Bitcoin is intended to be a hybrid layer-2 network that merges Bitcoin’s global adoption, liquidity, and proof-of-work security with the decentralized finance (DeFi) features of Ethereum: smart contracts, wallets, and access to stablecoins. In March,…

Blockchain

Is BTC price faced with exponential decay?

Bitcoin has lost 80% of the exponential energy of each successful bull market cycle, there have been four major ones till date. Peter Brandt with over forty years of trading experience says that Bitcoin has likely Bitcoin has reached the cycle high for this bull run Peter Brandt has identified Exponential Decay in Bitcoin cycles. The legendary trader says he doesn’t like the decay occurring in Bitcoin since it is one of his largest personal investment positions. Brandt identified four major bull cycles in the asset with the ongoing current fifth major one. Dec 21, 2009 to Jun 6, 2011…

Bitcoin

Binance Labs Invests in Movement Labs to Bring Smart Contract Security and Parallelization to Ethereum

Binance Labs, the venture capital and incubation arm of Binance has invested in Movement Labs, the first integrated blockchain network, integrating the security of move and parallel execution through a zero-knowledge rollup. Movement Labs will support Sui Move, Aptos Move, and an embedded EVM interpreter MEVM—empowering both Sui, Aptos, and EVM users to use the L2. This modular approach represents an innovative direction for parallelized virtual machines while remaining integrated with Ethereum's liquidity, security, and ecosystem toolings. Movement's Move-EVM allows developers using Move and Solidity to deploy formally verified code at runtime, effectively blocking the execution of common attack vectors…

Regulation

Exodus Wallet Eyes Shiba Inu Expansion With Shibarium Integration

Leading non-custodial crypto wallet Exodus confirms that it has logged Shibarium integration requests in its suggestion box. Exodus has provided an update about its potential integration of Shiba Inu’s Layer-2 (L2) scaling solution, Shibarium. Exodus Wallet Considers Supporting Shibarium In a recent development, the official X handle of Exodus Wallet confirmed that the requests to support Shibarium and its gas token Bone ShibaSwap (BONE) have been logged in its suggestion box for consideration. Hey, hey 👋 Shibarium and BONE are in our suggestion box 📮 I don't have an ETA, but if I did, I'd share it with you in…

Altcoins

Binance Founder CZ’s Sentencing Hearing Begins – Here are the LIVE Developments

Changpeng Zhao, founder of cryptocurrency exchange Binance, will learn his fate today regarding possible prison time for violating US money laundering laws. Prosecutors sought a three-year prison sentence, twice the 18-month sentencing guideline. They argue that “the scope and consequences of Zhao's misconduct were enormous,” the sentencing memo states. In response, Zhao's legal team argues that their client does not deserve a prison sentence. They pointed out that “no defendant has ever been sentenced to prison in a similar BSA (Bank Secrecy Act) case.” Zhao pleaded guilty and resigned from his position at Binance as part of a settlement with…

Legal

AltLayer and Inco Join Forces for Computing over Confidential Data of New dApps

The famous decentralized protocol AltLayer has recently started a collaboration. As per the company, it has joined forces with Inco, a worldwide confidentiality layer concerning Web3, to integrate exclusive confidential service for rollups. On its official account on the social media platform X, the company provided an overview of the partnership. Confidential service integration for rollups is now here, thanks to our partnership with @inconetwork! Their Universal Confidential Computing Layer tech enables a variety of new dApps that require computing over confidential and private data. More⬇️ https://t.co/xB07ZZjlRm pic.twitter.com/8oivUZnuiq — AltLayer (@alt_layer) May 1, 2024 Altlayer’s Partnership with Inco Integrates Confidentiality…

Blockchain

Bitcoin Price Chops Either Side of $64,000 Following Latest US Inflation Report – Here’s What You Need To Know

The Bitcoin (BTC) price chopped either side of the $64,000 level on Friday in the wake of the latest US inflation data report, which showed the Core PCE index rising 0.3% MoM in March, in line with the market’s expectations. A MoM inflation rate of 0.3% translates to an annualized inflation rate of around 3.6%. That’s well above the Fed’s 2% inflation target, pointing to still uncomfortably high inflation in the US. Economists highlighted that stubbornly high housing and utility inflation could keep MoM price pressures elevated for some time. Here is Powells favourite inflation gauge. PCE Core Service Less…

Bitcoin

BAXUS Raises $5 Million in Funding to Expand Web3 Spirits Marketplace

BAXUS, a global marketplace for collectible spirits, has completed a seed funding round to enhance its web3-enabled trading platform. According to a press release shared with Cryptonews.com, the $5 million funding round was led by Multicoin Capital, with significant contribution from Solana Ventures, Narwhal Ventures, FJ Labs, in addition to high-profile angel investors. BAXUS to Utilize Web3 Advantages The company plans to utilize the newly acquired capital to enhance its sensor and vaulting technologies. This investment aims to cater to the increasing interest from both retail and institutional collectors in the high-value spirits market. BAXUS is transforming the collectible spirits…

Regulation

Render Network Unveils Ambitious RNP-011 Proposal for 3D Training Assets

Render Network proposes RNP-011: Piwa for 3D asset training. Collaboration with Stability AI aims to democratize AI technology. Implementation involves staking mechanisms and Solana-based NFTs for transparency. Render Network, in collaboration with Stability AI and industry leaders, has introduced its inaugural proposal, RNP-011: Piwa. This groundbreaking initiative aims to revolutionize 3D artificial intelligence by creating and augmenting one billion 3D assets for model training. First @rendernetwork proposal. Working hard with @JulesUrbach & others to expand the reach & tokeneconomics of the network to bridge the creative & digital worlds 🌁 Render will be built by creatives for creatives & communal…

Altcoins