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.

Circle Announced Integration Of Its USDC Stablecoin Into zkSync Ecosystem

The integration marks a progressive step in improving liquidity and usability in zkSync, a layer-2 scaling solution for Ethereum (ETH) that uses zero-knowledge proofs to improve efficiency and reduce costs. The blog explains that in anticipation of the launch of its own USDC, the Ethereum-bridged form of USDC in block explorers such as the zkSync Era Block Explorer will be renamed USDC.e to distinguish between the upcoming USDC and its predecessor. According to Circle’s latest blog post, the upcoming native USDC on zkSync will usher in a new era of seamless transactions and integration options for both developers and institutional…

AltcoinsMay 2

Restrictive OTC regulations for institutions amid Hong Kong ETF launch

Hong Kong has emerged as a key player in the race to become Asia’s premier crypto hub, as it launched the region’s first spot crypto ETFs on April 30 with a day-one inflow of over $130 million across Bitcoin and Ethereum. To gain deeper insight into the implications of this milestone and Hong Kong’s evolving virtual asset landscape, CryptoSlate spoke with HB Lim, Managing Director of APAC for BitGo. Lim brings a wealth of regulatory and crypto industry experience to the conversation. Before joining BitGo, a leading institutional crypto custody provider, he was a director at Abu Dhabi Global Market,…

ExchangesMay 2

Miners capitulation looms if Bitcoin fails to recover significantly, CryptoQuant says

As summer looms, CryptoQuant warns that Bitcoin miners could face significant challenges ahead, particularly if prices fail to recover substantially during the warmer month. Despite Bitcoin‘s price dipping below the $58,000 mark and prompting weaker investors to sell at current levels, major capitulation among Bitcoin miners has yet to begin. CryptoQuant head of research Julio Moreno said in an interview with crypto.news that the network hashrate remains slightly higher than pre-halving levels, noting that miners “can still make a profit” with “relatively efficient equipment.” Moreno says the profitability is still can be seen in the break-even electricity price for ASIC…

MiningMay 2

PowerPod and Streamr Partner to Revolutionize EV Travel Network

PowerPod partners with Streamr marks a significant milestone in the quest for a greener and more interconnected electric vehicle (EV) travel network. By joining hands, they are working towards building solutions that streamline EV charging processes. In addition to this, it will enhance data sharing, and promote decentralized access to electric vehicle infrastructure. ⚡️Exciting times ahead for all⚡️ Our partnership with @Streamr is a big step towards a greener, more interconnected EV travel network. 🌿 We have started building solutions together for; 🚗 Real-time data sharing across the PowerPod Network 🗣️PowerPod node communication,… https://t.co/HKdxJMUDz8 — PowerPod (@PowerPod_People) May 1, 2024…

BlockchainMay 2

Mollars founder’s video sparks debate, critiques Bitcoin’s hidden costs

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A viral video from the Mollars project founder raises critical questions about Bitcoin’s financial ethics and Satoshi Nakamoto, sparking widespread discussions. In the midst of the wild fluctuations and dramatic developments in the crypto market today, a new animated video has gone viral, capturing the attention of both enthusiasts and investors. The video, released by the founder of the Mollars project, has sparked widespread discussion over the 1 million Bitcoins Satoshi Nakamoto has in his ‘stash’ wallet. In the…

BitcoinMay 2

DeFi’s $336 Million Security Gap: Can Open-Source Dream Survive?

DeFi, once celebrated for its potential to revolutionize finance with transparency and accessibility, faced a grim reality in Q1 2024. Incidents of hacking and fraud resulted in DeFi platforms losing $336 million, casting doubt on its utopian vision. This figure, a 23.1% decrease from last year, starkly contrasts with the clean record of centralized finance (CeFi) platforms, which reported zero incidents in the same timeframe. The stark difference between these two approaches prompts a critical examination of the future of decentralized finance. As DeFi’s capital surpasses $100 Billion, the attraction for malicious actors intensifies. The crucial question arises: can DeFi…

DeFiMay 2

India’s IndusInd Bank executes programmable CBDC pilot with farmers

India’s private sector lender, IndusInd Bank, has collaborated with climate-tech company Circularity Innovation Hub (CIH) to successfully execute the Reserve Bank of India’s (RBI’s) programmable central bank digital currency (CBDC) pilot. The pilot project will be executed as an alternate form of CBDC where the bank can program the end use of funds that would be disbursed to farmers instead of the generation of carbon credits, IndusInd said in a statement. In February, India’s central bank said it is looking to enable additional functionalities of programmability and offline capability in CBDC retail payments. While programmability is expected to facilitate transactions…

RegulationMay 2

Stratis Received VASP License In Spain, STRAX Price Increased By 10%

Blockchain development platform Stratis recently received a VASP license in Spain, developing its crypto venture. The move by the blockchain developer underscored the firm’s efforts to remain compliant with global regulations, coinciding with a sudden rise in demands for seamless regulatory measures across the global crypto space. The platform’s native token, STRAX, has seen significant growth over the past 24 hours, coinciding with news about Stratis’ VASP license securing. At the time of writing, the price of the Stratis token has increased by 10.32% over the past 24 hours and is trading at $0.1612. With a 10.56% increase in market…

AltcoinsMay 2

Zilliqa Amplifies Its European and Latin American Influence with Bit2Me Listing

Zilliqa, the blockchain known for its high throughput and low transaction costs, has made a significant move to expand its footprint by securing a listing on Bit2Me, one of the premier centralized exchanges in Europe and Latin America. This strategic development is poised to enhance Zilliqa’s visibility and accessibility in these key markets. Strengthening Zilliqa’s Position in Global Markets The integration of ZIL, Zilliqa’s native token, into the Bit2Me platform marks a pivotal step for the blockchain in broadening its user base and utility across Europe and Latin America. Bit2Me, celebrated for its rigorous compliance with Spanish banking regulations and…

ExchangesMay 2

Fuse Network Elevates Its Game with Liquify’s Cutting-Edge RPC Support

Fuse Network has partnered with Liquify to bolster its infrastructure with high-end Remote Procedure Call (RPC) support. This collaboration marks a pivotal evolution in Fuse’s commitment to providing robust and seamless blockchain solutions. A Strategic Alliance for Enhanced Performance Fuse Network, known for its innovative approach to blockchain solutions, has long been at the forefront of offering businesses and developers essential tools for integrating web3 payments into their applications. Launched in 2019, Fuse aims to simplify and enhance the functionality of web3 integrations, ensuring that businesses can easily adopt and utilize these technologies. In the latest development, Fuse has taken…

BlockchainMay 2