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.

Bitcoin sell-off alert as ETFs take a hit and money outflows

Bitcoin (BTC) is experiencing a sell-off from institutional investors, with outflows from Bitcoin spot ETFs occurring for the third consecutive day. Meanwhile, the Depository Trust & Clearing Corporation (DTCC) will no longer provide collateral value for cryptocurrency-based exchange-traded funds (ETFs). Bitcoin has seen increased demand from institutional investors through the Bitcoin spot ETFs approved in February. Notably, these financial instruments registered massive capital inflows in the following weeks of approval, led by BlackRock’s (NYSE: BLK) IBIT. In the meantime, BTC reached a new all-time high of $73,805 on March 14, now retraced to $63,000. However, Bitcoin spot ETFs registered $421.8…

BitcoinMay 4

Meta Pool DAO Launches the First Fund

Meta Pool DAO launches the first Latin American fund aimed at helping crypto projects located in frontier markets, becoming the first DAO to launch a Latin American incentive fund to promote crypto projects in the region. The fund’s objective is to provide entrepreneurs in Latin America with the opportunity to develop and start working on their crypto proposals. The initiative is carried out through a grants fund composed of various financing rounds known as mpDAO Grants, which recently completed round number 6. Claudio Cossio, co-founder of Meta Pool, stated, “One of the main objectives of Meta Pool is to support…

RegulationMay 4

Fantom Foundation partners with Frax Finance’s Sam Kazemian

The Fantom Foundation recently announced a significant partnership with Sam Kazemian, the founder of Frax Finance. Kazemian has joined as an angel investor. His expertise and financial support will propel Fantom into its next phase of growth. This collaboration marks a pivotal step for Fantom, enhancing its ecosystem and technological capabilities. In conjunction with this partnership, Frax Finance has committed to deploying its native issuance assets. These assets will launch on the first day of the Fantom Sonic technology stack. This strategic move signifies the deepening ties between Fantom and Frax Finance. It also showcases their mutual commitment to advancing…

AltcoinsMay 4

Worldcoin Operator Announces Mexico Expansion – Despite Potential Probe

The Worldcoin operator Tools for Humanity is expanding its services in Mexico, the firm announced, in spite of lawmakers’ calls for a government probe into its iris-scanning drive. Per the media outlet Criptonoticias, the company said it had opened iris-scanning centers in the capital Mexico City, as well as Guadalajara and Monterrey. WLD prices over the past week. (Source: CoinGecko) Worldcoin Operator to Launch Mexico City Scanning Center Worldcoin has nine regional centers in Mexico where staffers can collect citizens’ biometric data, making it the third-largest base for the project in the Latin America region. The project has also enjoyed…

LegalMay 4

A New Era of Blockchain Interoperability

Eclipse pioneers the first Neon Stack integration, bringing EVM (Ethereum Virtual Machine) compatibility to SVM (Solana Virtual Machine) networks. — Eclipse, driven by the vision of blending Ethereum and Solana's strengths, aims to redefine the blockchain landscape. By incorporating SVM capabilities, Eclipse seeks to harness Solana's high transaction throughput within Ethereum's ecosystem. At the heart of this transformative endeavor lies Neon Stack—a battle-tested technology suite developed by the core Neon EVM team. Neon Stack standardizes development processes, facilitating seamless EVM compatibility for smart contract developers on SVM-based blockchain networks, as envisaged by Eclipse for its SVM L2. Neon Stack, comprising…

BlockchainMay 4

What Caused $157 Million Price Plunge?

The entire cryptocurrency market saw selling pressure as Bitcoin's price fell to its lowest point in over a week. Bitcoin, the first and largest cryptocurrency by market cap, extended its declines from highs of $65,287 on April 25 into the second day, reaching intraday lows of $62,389. The Bitcoin sell-off spurred a wave of selling in the crypto market, exacerbating the downward pressure on alternative cryptocurrencies known as "altcoins." At the time of writing, BTC had dropped 2.28% in the previous 24 hours to $62,839. Several cryptocurrencies were also trading in red, with losses ranging from 2% to 15%. Solana…

BitcoinMay 4

TradFi Veterans Pitch Tokenized Asset Marketplace With Eyes on U.S. Regulatory Approval

Ironlight aims to be an SEC-supervised marketplace for tokenized real-world assets (RWAs). The company secured $12 million of investment, mostly from individual investors with a Wall Street background, co-founder Celebuski said in an interview. Asset tokenization has become one of the hottest trends in crypto, with estimates of growing into a multitrillion-dollar industry. With global financial heavyweights hopping on the red-hot tokenization trend to bring conventional assets onto blockchain infrastructure, a new company started by traditional finance veterans is building a digital marketplace with eyes on a U.S. regulatory nod. Ironlight, started by Rob McGrath and Matt Celebuski, aims to…

RegulationMay 4

Cloud Service Provider Tencent Cloud Announced It Is Collaborating With This Altcoin!

Leading cloud services provider Tencent Cloud has strengthened its blockchain infrastructure with the addition of Sui blockchain support, further expanding its reach to more than 20 blockchain networks. Tencent Cloud Improves Blockchain Support, Now Covers 20+ Networks Including Sui The platform's integration with Tencent Cloud's high-performance servers and robust security components aims to offer Web3 developers easy access to various blockchain networks for business operations. Tencent Cloud Blockchain RPC, which became operational in September 2023, provides secure and high-performance blockchain infrastructure services to Web3 developers. With its latest update, Tencent Cloud is deepening its collaboration with Mysten Labs, the team…

AltcoinsMay 4

How CZ's 'Good Guy' Reputation Secured 4-Month Prison Sentence

Ex-Binance CEO Changpeng Zhao may be off to federal prison for financial crimes that led the cryptocurrency exchange he founded to agree to pay a $4.3 billion fine. But his reputation, at least in a Seattle courtroom on Tuesday, was never better. The judge, CZ's defense lawyers and even prosecutors acknowledged during the 2 1/2 hour sentencing hearing that this 47-year-old billionaire was not your run-of-the-mill criminal defendant. Instead, he was a philanthropist, a do-gooder, a first-time lawbreaker and family man who turned himself in to accept whatever may come. This unexpected resuscitation of the crypto kingpin's reputation factored into…

LegalMay 4

Caldera Starts a Partnership with Plume Network for RWA L2’s Mainnet Launch

Caldera, a popular modular blockchain forum, has recently begun a collaboration. As per the announcement, it has joined forces with Plume Network, a well-known platform that enables investment and trading of real-world assets. The platform took to its official account on X to disclose this development. With this endeavor, Caldera intends to bring RWAs on-chain. Bringing Real World Assets on-chain. We're thrilled to partner with @plumenetwork to launch their modular RWA L2 on mainnet, built atop the @Arbitrum Nitro stack. Learn more below 🧵 pic.twitter.com/q9J94poAmx — Caldera (@Calderaxyz) May 2, 2024 Caldera and Plume Network Join Forces for the Mainnet…

BlockchainMay 4