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.

17 Projects Ready to Unlock Over $1.38 Billion Worth of Crypto in April 2024

The token unlock schedule by TokenUnlocks, a digital assets aggregation platform, shows 17 cryptocurrencies with individual token unlock values greater than $10 million in April. According to data on the platform’s website, the sum of the “large-value” unlocks will exceed $1.38 billion. According to TokenUnlocks, large-value unlocks (unlocked value greater than $10 million) in April included DYDX ZETA SUI GAL APT CYBER STRK ARB APE AXS IMX PIXEL ID YGG AGIX OP PRIME with an unlocked value exceeding $1.38 Billion.https://t.co/tuQYnSlfTZ pic.twitter.com/9z4lGB2p5X — Wu Blockchain (@WuBlockchain) March 31, 2024 A tabulated schedule of the token unlock shows the exercise will begin…

AltcoinsApr 30

No plans for total crypto ban in Russia, lawmaker says

Russia is not planning to outlaw crypto turnover in the country, an official said, emphasizing the need for accurate reporting over sensational headlines. Russian lawmaker Anton Gorelkin, who serves as the deputy chairman of the State Duma Committee on Information Policy, Information Technologies, and Communications, clarified the country’s stance on cryptocurrency turnover. In a Telegram post, Gorelkin, who’s also the co-author of a bill aimed at banning crypto exchanges in Russia, said that crypto turnover itself will not be outlawed, criticizing news outlets for making sensational headlines instead of checking the facts. “The crypto turnover of course will not be…

RegulationApr 30

Holograph Pivots Into 'Omnichain' Gaming NFTs With New Funding

Holograph, an omnichain tokenization protocol that mints NFT assets that can be utilized across multiple chains, announced Monday that it has raised a new strategic round of funding as it expands into the growing blockchain gaming space. The latest round of funding amounts to $3 million, and was led by Mechanism Capital and Selini Capital. The strategic round pushes Holograph’s total funding to date to $11 million. Blockchain games typically require networks that are low in fees and high in transaction speed. Some layer-1 networks like Solana and Avalanche fit the bill, as do generalized Ethereum scaling networks like Optimism…

BlockchainApr 30

“Bitcoin signals a potentially advantageous buying opportunity,” highlights Bitfinex report

The open interest (OI) funding rate for Bitcoin (BTC) futures and the MVRV ratio are showing “advantageous buying opportunity,” according to the latest “Bitfinex Alpha” report. The OI turned positive on April 24, suggesting a growing interest in long positions and a shift from bearish to bullish market sentiment. Meanwhile, the MVRV, which measures Bitcoin’s market value versus its fair value, has declined to 2.21, hinting at potential undervaluation. “When the MVRV ratio dips below its 90-day average, which is currently at 2.44, it has been followed by significant returns for the underlying asset, averaging 67 percent. This pattern indicates…

BitcoinApr 30

Stablecoin Market Swells With Growth in March, Led by Ethena's USDE

This month we have witnessed a continuous expansion in the stablecoin domain, eclipsing the $150 billion mark on March 20, 2024, with an infusion of an additional $1.4 billion into the arena since then. Leading the pack in supply growth for March was Ethena’s USDE, soaring by 194.9% over the last 30 days. Top Dollar-Pegged Token Valuations Climb in March; Key Players Shift Ground As the cryptocurrency market rides a bullish wave, the stablecoin sector has experienced consistent monthly growth throughout the year. The tally for March reflects this trend, with the market for U.S. dollar-pegged digital currencies increasing from…

AltcoinsApr 30

OpenAI Faces Potential Law Breach Amid Its Partnership Discussion with Worldcoin

OpenAI, the company that created the popular language model ChatGPT, faces challenges in legal compliance and data accuracy. This issue has prompted NOYB – the European Center for Digital Rights, a non-profit organization based in Vienna, Austria, to file a complaint against OpenAI with the Austrian Data Protection Authority (DPA). Indeed, OpenAI’s data collection has caused concern among regulatory bodies and privacy advocates. This move from NOYB could potentially spark a larger conversation around the ethical use of data in the technology. OpenAI’s Data Woes Expose Ethical Challenges of AI The heart of the complaint lies in OpenAI’s recent admissions…

RegulationApr 30

Aethir and Magic Eden Join Forces to Boost Web 3.0 Gaming

Aethir – a distributed GPU cloud computing platform – has announced teaming up with NFT giant Magic Eden to boost Web 3.0 gaming on a massive scale. The aim is to create a unified Web 3.0 gaming ecosystem by utilizing Aethir’s enterprise-grade GPU infrastructure and Magic Eden’s NFT platform. The latest initiative will also enable Magic Eden’s gaming partners to have access to Aethir’s premium GPU-as-a-service platform, while the latter will recommend Magic Eden to its gaming partners as their primary NFT platform. Aethir and Magic Eden Team Up In a press release shared with CryptoPotato, Aethir stated that Magic…

GameFiApr 30

Humanode Network Announces Integration with SubWallet to Enhance User Experience

Humanode Network, a well-known decentralized network that uses crypto biometrics, has announced its exclusive integration. As per the platform, it is integrating with SubWallet, an open-source and user-friendly wallet for Kusama and Polkadot ecosystems, to improve user experience. On its official account on X, the network disclosed the respective integration. Humanode Network integrates with @subwalletapp for enhanced user experience. 🎉 SubWallet has integrated Humanode Network into its comprehensive wallet solution for the Polkadot, Substrate, and Ethereum ecosystems. This integration offers a seamless connection to the Humanode… pic.twitter.com/Na38dAZ7fm — HUMANODE (@humanode_io) April 29, 2024 Humanode Network and SubWallet Integrate to Offer…

BlockchainApr 30

Bitcoin (BTC) About to Face Biggest Challenge

For Bitcoin, the primary obstacle is clear: it is the tight price range that it has been navigating in for some time now. On the daily chart, BTC has been oscillating between the $60,000 and $70,000 marks, struggling to find a definitive direction. The Relative Strength Index (RSI), situated around the 50% level, implies equilibrium in market momentum. The pressing question on everyone's mind is whether Bitcoin can maintain its support above $60,000 or if it will drop due to bearish pressure, potentially leading to a fall toward $52,000. While such a drop is within the realm of possibility, analysts…

BitcoinApr 30

Key Cardano Contributor Exposes ADA's Achilles Heel

Rick McCracken, significant voice within the Cardano (ADA) community, recently shed light on a concerning issue plaguing the cryptocurrency: its lackluster popularity compared to competitors. McCracken, an avid supporter of ADA, pointed out that despite Cardano's groundbreaking innovation in liquid staking, it continues to lag behind Ethereum in terms of adoption and recognition. The crux of the argument revolves around Cardano's faltering marketing strategy, which the contributor believes has failed to resonate with the broader blockchain industry and media. Despite Cardano's prowess in engineering and research, its marketing efforts have been deemed ineffective, with macro metrics indicating stagnant or declining…

AltcoinsApr 30