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.

BTC slips amid poor debut for Hong Kong spot ETFs

Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading. Data showed trading volumes hit just over $11 million, against expectations of over $3oo million. Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading for much hyped spot Bitcoin and Ethereum ETFs in Hong Kong. BTC was down about 1.4% at the time of writing, having touched lows of $61,587 across major crypto exchanges. The benchmark cryptocurrency, which has struggled to reclaim key levels since its recent halving event,…

BitcoinMay 2

DeFi’s total value locked falls $10 billion in April

The total value locked (TVL) on decentralized applications fell $10 billion in April, according to data aggregator DefiLlama. That’s a 7% drop in 30 days, as the decentralized finance (DeFi) ecosystem closed last month with $138.6 billion, including liquid staked amounts. DeFi’s TVL variation in April. Image: DefiLlama Considering the 10 largest blockchains by TVL, Avalanche registered the most significant monthly drop, with 31.5% of the funds leaving the chain. Solana also saw a considerable amount of crypto leaving its ecosystem as its TVL slump was almost 30%. Nevertheless, the over $6 billion locked in its applications makes Solana the…

DeFiMay 2

Bank of Russia Dismisses US Asset Confiscation Effects on Russia's Economic Stability

The Bank of Russia has dismissed the effect that a future confiscation of Russian assets in the U.S. might have on the nation’s economic stability. Elvira Nabiullina, governor of the bank, stated that Russia has been diversifying its asset portfolio for many years and that the assets to be seized weren’t in use anymore. Bank of Russia on a Possible US Asset Confiscation: Russia Will Not Be Affected Russian officials are now examining the issue of the possible confiscation of Russian assets on U.S. soil. The Central Bank of Russia disregarded the negative effect of this confiscation on the nation’s…

RegulationMay 2

Solana Foundation Says It Can Filter Through the Offensive Meme Coin Problem

In the past few months, many meme coins have appeared containing racist terms. Panelists during a discussion at BUIDL Asia debated on how to best deal with this problem. As funny and irreverent as meme coins are, the category also has a problem with an explosion of tokens with names containing the N-word and other racist themes. During a panel discussion on meme coins at the recent BUIDL Asia summit in Seoul, panelists debated how to deal with the problem. Should wallet apps and decentralized exchanges screen out banned words? Or do the nodes have a duty to stop these…

AltcoinsMay 2

Robinhood Makes Important Announcement for Uniswap Users

According to a recent announcement from popular online brokerage Robinhood, users of the Uniswap mobile app can now directly buy crypto assets using their Robinhood balance, thanks to the integration of Robinhood Connect. As stated in an official blog post, users of the Uniswap mobile app can now buy crypto with a debit card, via bank transfer or directly from their Robinhood balance using Robinhood Connect. This option is available only to users from the United States. To commemorate this debut, Robinhood will reward first-time Robinhood Connect customers who buy at least $10 of crypto using Robinhood Connect in the…

ExchangesMay 2

Energy Web Announces the Open Release of Its Exclusive Launchpad

Energy Web, a well-known platform that powers decentralization solutions across diverse jurisdictions, has announced its latest project. As per the platform, it is conducting the open release of its official launchpad to assist software developers and enterprises in the configuration and deployment of solutions. The new development will enable the respective services for all consumers. We’re excited to announce the public release of Launchpad by Energy Web🟣 Launchpad empowers enterprises and software developers to configure and deploy solutions across thousands of worker nodes globally 🌎 Open to all users, with flexible pricing and tailored support for… pic.twitter.com/z8d7KT5EdH — Energy Web…

BlockchainMay 2

Bitget Wallet Is Bullish On Runes And Its Prospects For The Bitcoin Ecosystem

Web3 trading wallet Bitget Wallet, the official wallet of the popular BitGet cryptocurrency exchange, has become one of the first in the industry to add support for the exciting new Runes Protocol that promises to transform Bitcoin’s nascent NFT ecosystem. The Runes Protocol can be accessed in Bitget Wallet via its new Dapp category, where they can interact directly with a quickly expanding ecosystem of dApps that support rune etching and trading. Not everyone will be familiar with Runes, which is a new protocol that was proposed in September 2023 by the creator of Bitcoin Ordinals, Casey Rodarmor. Bitcoin Ordinals…

BitcoinMay 2

Japanese Yen Hits Three-Decade Low Against US Dollar, Prompts Intervention

The Japanese yen recently reached its lowest level against the US dollar in over thirty years, prompting urgent action from Japan's financial authorities. Reports from the WSJ indicate that Japan intervened after the yen touched 160.17 per USD in an effort to stabilize its currency, which is the world’s third most-traded. According to sources familiar with the matter as reported by The Wall Street Journal, the U.S. dollar saw a 1% increase against the Japanese yen following what appeared to be an overnight intervention by the Bank of Japan. Prior to intervention, the USDJPY traded close to 160, but authorities…

RegulationMay 2

African Investor Made $108,000 from Shiba Inu with $19 But Never Realized It

Kwame Opoku, an African investor and global business speaker, has disclosed how he prematurely offloaded his $19 Shiba Inu holding in the last bull run to urge prudence with profit-taking in this cycle. Opoku narrated this account in a recent post on X to encourage new market participants in this cycle’s bull run to learn from his mistake. He confirmed he would have secured a profit of $108,000 from his early Shiba Inu engagement had he held on to the asset much longer. I would have made 108,000$ from $Shiba with 19$ if I Didn't Make this Mistake – Learn…

AltcoinsMay 2

Ronin's Path From Curated Ethereum Gaming to 'Pervasively Permissionless'

Ronin goes against the grain when it comes to the Web3 philosophy. For many in the crypto space, the beauty of the blockchain is that it’s permissionless and that anyone can build without a centralized authority. Instead, the Ethereum sidechain gaming network instead opts for a closed, curated approach at present. There’s a reason for this kind of early approach, the team says—and it's hard to argue with success, given the vast rise in Ronin players in recent months, plus its surge to an all-time high price in March ahead of the recent markets cooldown. And there's a path to…

BlockchainMay 2