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.

MoonPay Users Can Now Buy Crypto Via PayPal

MoonPay users in the U.S. can seamlessly buy crypto with PayPal. PayPal extends its offering of crypto tokens thanks to MoonPay. Cryptocurrency buying app MoonPay has partnered with fintech giant PayPal (PYPL), the companies said on Thursday. The partnership means MoonPay users in the U.S. can seamlessly buy crypto with PayPal through wallet transfer, bank transfer, and debit card transactions, according to a press release. Buying and trading crypto is an ongoing project, which, has not been facilitated by the high street banks of this world. PayPal has over 426 million active accounts globally; MoonPay, which is focused on crypto,…

ExchangesMay 4

“Developer Activity on Base Increased Eightfold in Q1”

Base is a Layer-2 blockchain built by Coinbase on top of the Ethereum network. Layer-2 solutions are designed to enhance the scalability and efficiency of the Ethereum blockchain. Base aims to provide a secure, low-cost, and developer-friendly environment for building decentralized applications (dApps). Here’s how it works: Rollups: Base leverages the power of “rollups,” specifically optimistic rollups. This technique bundles large batches of transactions off of the main Ethereum chain, processing them on Base for faster and cheaper execution. Only a compressed summary of the batch is then submitted back to the Ethereum mainnet for final settlement. Ethereum Security: By…

BlockchainMay 4

Yuga Labs and Somnia Forge Path to Enhanced Metaverse Interactivity

In a significant stride toward the fusion of decentralized digital realms, Yuga Labs has joined forces with Somnia, a trailblazer in blockchain innovation, to amplify the capabilities within the metaverse sphere. This collaboration marks a pivotal junction in the trajectory of Web3, pointing toward a more interconnected and fluid virtual experience for users across the globe. Somnia, known for its robust Layer 1 blockchain designed specifically for metaverse scalability, brings to the partnership a framework that can handle an immense volume of transactions, critical for supporting vast metaverse environments. Their omni-chain protocols aim to bridge various elements of the digital…

MetaverseMay 4

Here's new springboard to watch out for

As Bitcoin (BTC) bulls grapple with the monumental challenge of sustaining prices above $60,000, a crypto analyst has issued a warning, suggesting that market participants should brace for further downside before any chance of resurgence. In an X post on April 27, the analyst, who goes by the pseudonym YG Crypto, highlighted Bitcoin’s current critical support level of $59,000-$60,000, indicating potential volatility ahead for the leading cryptocurrency. Once this support is established, the analyst suggested that it will be pivotal in determining Bitcoin’s future price trajectory, potentially signaling either a rebound or a breakdown as it serves as the next…

BitcoinMay 4

Former US Regulator Matthew Homer Launches $5.10 Million Crypto Fund

Matthew Homer, an ex-regulator from the New York Department of Financial Services (DFS), launched a new crypto fund. The new venture, the Department of XYZ, has secured $5.10 million in initial funding. Among the high-profile backers are the Winklevoss twins and Robert Leshner, enhancing the fund’s visibility and credibility in the cryptocurrency market. From Regulator to Entrepreneur: Homer Secures $5.10 Million for Crypto Fund Having held a pivotal role in overseeing regulations at DFS, Homer brings a rare perspective to the investment table. It represents a unique selling point of his new crypto fund. Homer has pivoted towards amplifying his…

RegulationMay 4

Dogecoin Spikes 44%, Sets Eye to Overtake XRP

Dogecoin (DOGE) has spiked 44% over the past week, capitalizing on the recent market-wide rebound to surpass Cardano (ADA), with its eyes now set on XRP. Dogecoin had witnessed one of the largest declines during the recent crypto market slump, dropping 40.6% from the previous yearly high of $0.2067 on March 5 to a low of $0.1226 on March 20. Interestingly, being one of the biggest losers in the previous market downturn, DOGE has now secured a spot among the biggest gainers amid the market recovery. Dogecoin secured a massive 18.56% intraday increase on March 20, essentially breaching multiple resistance…

AltcoinsMay 4

Web3 gaming reception shifts from skepticism to enthusiasm: Shrapnel’s Head of Studio

Blockchain gaming is received with excitement by 46% of traditional PC gamers, according to a survey by Web3 PC games distribution platform Ultra. This signs a possible shift in how traditional gamers perceive the blockchain gaming industry, something that Don Norbury, Head of Studio at Shrapnel, discussed with Crypto Briefing. Norbury said that during this year’s edition of the Game Developers Conference (GDC), he could witness this shift in the gaming community after attending the event for the third time as a Shrapnel team member, adding that he uses GDC “as a measuring stick for sentiment in the game development…

GameFiMay 4

Poloniex delists own WBTC product following depeg

Following Protos reporting about Wrapped Bitcoin on Tron (WBTC) depegging on Poloniex, the Justin Sun-owned firm behind the product appears to have removed this asset from trading. The previously available WBTC/BTC pair looks to have been removed entirely, and the WBTC/USDT pair currently states, “Currently trading for WBTC/USDT is disabled. The price may not reflect current market.” It’s not clear if it’s currently possible to redeem WBTC for BTC through Poloniex. Additionally, Poloniex has yet to complete the promised proof-of-reserves process and still hasn’t disclosed where it stores the bitcoin supposedly reserving this product. Read more: Poloniex WBTC depegs threatening…

ExchangesMay 4

Tether CEO Paolo Ardoino teases potential Pear Phone powered by P2P apps

Paolo Ardoino, the Chief Executive Officer of Tether and co-founder of peer-to-peer platform Holepunch, recently hinted at plans to potentially develop a “Pear Phone” in the future. In an X post, Ardoino floated the idea of building an Android-compatible phone based on the Android Open Source Project (AOSP). The device would come pre-installed with Holepunch’s suite of peer-to-peer applications, including the Keet encrypted messaging app, other apps built on the Pear Runtime P2P protocol, and the Bitkit Bitcoin wallet developed by Synonym. “Eventually we should build the Pear phone. Android compatible (AOSP), with Keet, Pears apps, and Bitkit wallet preinstalled.…

BlockchainMay 4

Bitcoin Whales Disappear

Prominent crypto analyst Ali Martinez has observed a significant decline in Bitcoin whale activity since March 14, sparking speculation about its potential impact on BTC price. Martinez's analysis, supported by accompanying charts, reveals a notable drop in transactions involving sums exceeding $100,000, following Bitcoin's surge to a new high of $73,750 per BTC. Data from Martinez's charts highlights that over the past 24 hours, transactions above $100,000 amounted to 2,896, with those surpassing $1 million totaling 521. Prior to Bitcoin's peak, whale activity exhibited a proportional increase, peaking at around 4,500 daily transactions valued at a million dollars or more,…

BitcoinMay 4