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.

Omnity reveals first interoperability solution for Runes

Omnity, an omnichain interoperability protocol, announced Runes integration. The Omnity team told crypto.news that it had integrated Runes, an efficient UTXO-based Bitcoin meta-protocol that allows the trading of fungible tokens on Bitcoin. With the new update, Omnity reduces network congestion, supporting the evolution of the Bitcoin network towards serving broader economic functions. At launch, Omnity provides core functionality for Runes tokens, including transferring them between chains. This is achieved through introducing a twin token, which ensures that the integrity and functionality of Runes assets are maintained across different chains. “In addition to interoperability, the Omnity development team also has extensive…

BlockchainMay 2

Nexo’s Bitcoin Emoji Initiative Gains Traction as Crypto Influencers Amplify the Message

In a concerted effort to elevate Bitcoin’s visibility and recognition in the digital realm, a coalition of over 35 prominent crypto firms spearheaded by Nexo has been actively advocating for the inclusion of a Bitcoin emoji on all digital keyboards. The initiative, dubbed “Bitcoin Deserves An Emoji,” has gained significant momentum over the course of 40 days, with enthusiastic backing from industry giants such as Bitget, Kraken, Polygon, and numerous others. Today, the campaign received a substantial boost as Joe Nakamoto, a respected crypto influencer based in Portugal, released a compelling video on Twitter featuring a lineup of prominent figures…

BitcoinMay 2

Ethereum Co-Founder Vitalik Buterin Talked About Memecoins! He Explained What Kind of Projects He Prefers!

Ethereum co-founder Vitalik Buterin addressed the topic of memecoins in a thought-provoking blog post published today, sharing his views on their potential to positively contribute to the cryptocurrency ecosystem. Ethereum Co-Founder Vitalik Buterin Defends the Positive Impact of Memecoins in the Cryptocurrency Space Known for his influential role in shaping the Ethereum network, Buterin emphasized his personal stance on memecoins, stating that he prefers projects that comply with certain moral principles. He expressed disapproval of coins associated with totalitarian ideologies, fraud, or other negative connotations that may bring excitement in the short term but lead to disappointment in the long…

AltcoinsMay 2

Vitalik Buterin Reveals Cryptographic Proofs That Are Fast and Easy to Verify

Vitalik Buterin, co-founder of Ethereum, has introduced significant advancements in cryptographic proofs, notably enhancing verification speeds and simplifying the process. These developments leverage new techniques in STARKs and introduce innovative tools like Plonky2 and Binius. These changes are set to improve the efficiency of blockchain technologies drastically. Fast and Easy to Verify Cryptographic Proofs In the spotlight are STARKs — scalable, transparent arguments of knowledge. According to Buterin, these cryptographic proofs stand out for their ability to efficiently verify complex statements, such as an Ethereum block’s validity. A notable innovation in STARKs is the use of smaller field sizes, which…

BlockchainMay 2

A look into Runes, a new Bitcoin token standard for issuing fungible tokens

The Runes protocol has gained a lot of interest in the Bitcoin community over the past few months. Runes is a fungible token standard designed by Casey Rodarmor, the creator of Ordinals. The protocol is designed to be an alternative to BRC-20, an experiment token standard for fungible tokens on Bitcoin. The BRC-20 standard is built on ordinals, which means it stores information in a Bitcoin transaction’s witness data, in a similar way, runes data is stored in a data storage function called OP_RETURN, Bob Bodily, the founder of Bioniq, told Blockworks. Read more: Motoko Sentinels gain traction despite ordinal…

BitcoinMay 2

Xai Foundation Launches Nodes on Nirvana Cloud, Ushering In a New Era of Layer 3 Scalability

In an exciting collaboration, Xai Foundation and Nirvana Cloud have launched Xai RPC nodes on Nirvana's global bare metal cloud, marking a significant milestone in the advancement of Web3 gaming infrastructure. — Xai Foundation, renowned for its innovative approach to blockchain gaming, announced the deployment of mainnet RPC nodes on Nirvana Cloud. These nodes, available via Nirvana Labs' developer platform, are strategically positioned across five global regions to ensure maximum uptime, minimal latency, and optimal cost-effectiveness for developers utilizing the Xai blockchain. Soby, a core contributor to Xai, commented on today’s news: "This collaboration ensures that game developers building on…

BlockchainMay 2

Crypto Markets Break Down As Grayscale Sends Over $245,000,000 Worth of Bitcoin to Coinbase

Crypto markets have shed nearly $200 billion off their market cap in the last 24 hours as some of the industry’s biggest players appear keen to unload their coins. According to crypto “de-anonymizing” platform Arkham, digital assets manager Grayscale has sent nearly a quarter of a billion dollars worth of Bitcoin (BTC) to Coinbase, potentially to sell on the open market. Arkham’s data shows Grayscale sending BTC to Coinbase Prime or addresses associated with Coinbase mostly in batches of $42.84 million. According to Arkham, Grayscale also deposited considerable amounts of altcoins, including Ethereum (ETH), Avalanche (AVAX), Polygon (MATIC), Lido (LDO),…

BitcoinMay 2

Uniswap Integrates Robinhood Connect for Crypto Purchasing

Uniswap has integrated Robinhood Connect to enable crypto purchasing on mobile app. According to a recent announcement by the decentralized exchange Uniswap, the integration with Robinhood Connect allowed users in the United States to buy cryptocurrencies using funds from their Robinhood accounts, debit cards, or bank transfers. U.S. Users Can Buy Crypto With Robinhood Connect For first-time Robinhood Connect customers, a special promotion would provide $10 in USDC when they purchase a minimum of $10 of crypto via the Uniswap app. This offer is specifically designed to welcome new users to the platform. To purchase crypto with Robinhood Connect on…

ExchangesMay 2

Ostium Labs Adopts Chainlink for Cutting-Edge Crypto Trading Infrastructure

Ostium Labs, a pioneering firm in trading infrastructure development, has recently announced a significant enhancement to their platform with the integration of Chainlink Data Streams. This integration marks a strategic move to provide high-fidelity, automated trading solutions across a vast array of assets, from traditional commodities and indices to a comprehensive range of cryptocurrencies. Leveraging Chainlink for Precision and Reliability At the heart of this integration is the need for precise, real-time data that can support the complex requirements of high-speed, leveraged trading environments. Ostium Labs has chosen Chainlink Data Streams & Automation 2.0 for its ability to provide sub-second…

BlockchainMay 2

Bitcoin Price Tumbles Below $60,000 as ETF/Macro Headwinds Mount – Is the BTC Bull Market Over?

The Bitcoin (BTC) price has tumbled more than 5% on Tuesday to below $60,000 following a disappointing first day of spot Bitcoin ETF trade in Hong Kong, and following fresh US economic data that points to sticky inflation and strengthens the argument that the Fed should wait before cutting interest rates. Having pushed nearly as high as $65,000 in early Asia trade, Bitcoin was last changing hands in the $59,900s. And as macro/fundamental headwinds build, technical analysis suggests that BTC could be headed for a near-term correction into the $50,000s. Since mid-April, the Bitcoin price has consistently found resistance at…

BitcoinMay 2