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.

XRP Ledger Fulfills Blockchain Criteria

Ripple CTO David Schwartz has stepped forward to address a critical discourse surrounding XRP Ledger. In response to tweets, Schwartz makes the case that XRP Ledger not only meets but exceeds the foundational criteria of blockchain technology. The debate over what constitutes a "true" blockchain has been a contentious one, with purists and innovators often at odds. In this regard, XRP's classification as a blockchain remains a subject of discussion, with critics pointing to various aspects of XRP Ledger, including its unique consensus mechanism, as reasons to doubt its status as a decentralized blockchain. XRP Ledger utilizes a unique consensus…

AltcoinsApr 30

Bitcoin Price Grinds Lower As Bears Aim For New Monthly Low

Bitcoin price struggled to settle above the $65,000 zone. BTC is again moving lower and there is a risk of more downsides below $62,000. Bitcoin started another decline after it failed to surpass the $64,000 resistance zone. The price is trading below $64,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $63,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate lower if there is a daily close below the $62,400 support zone. Bitcoin Price Dives Again Bitcoin price attempted a fresh increase…

BitcoinApr 30

Dolomite to launch its Lending Protocol with X Layer

Dolomite, a leading decentralized finance (DeFi) lending and borrowing protocol, announced it would debut on X Layer, OKX’ innovative and secure Ethereum-based Zero Knowledge (ZK) Layer 2 (L2) network, according to the information shared with Finbold on April 29. Most notably, the move will introduce new robust asset lending capabilities to users of the Polygon-powered X Layer. New yield-generating assets on Dolomite Following its success on Arbitrum, where it quickly climbed to become the 4th largest lending market and the market with the most supported assets, Dolomite aims to continue its streak on X Layer. The expansion will enable Dolomite…

DeFiApr 30

Experts, politicians call for scrutiny of Venezuela's use of cryptocurrency

April 29 (Reuters) - Venezuela's use of digital currencies, expected to increase after the United States ordered a wind-down of oil deals with the sanctioned country by May 31, will require greater scrutiny by regulators and law enforcement, experts said on Monday. Venezuela's state oil company PDVSA plans to increase cryptocurrency transactions for its crude and fuel exports as the U.S. reimposes oil sanctions on the country, sources told Reuters earlier this month. It is unclear if payments in digital currency Tether by PDVSA will be targeted by Washington from June 1. Venezuelan opposition politician Leopoldo Lopez and expert Kristofer…

MarketsApr 30

Cardano Founder Unveils Critical To-Dos for ADA Blockchain Sustainability

The Cardano blockchain, one of the biggest cryptocurrencies by market capitalization, faces a new challenge as staking rewards drop below 3%. According to the Staking Rewards site, the current reward rate for ADA staking is 2.97%. In response to recent concerns, Cardano's founder, Charles Hoskinson, has highlighted a series of critical actions to ensure the long-term sustainability of the Cardano blockchain. It's axiomatic. Of course, all cryptocurrencies need more transactions. That's the purpose of a blockchain. The most vital things we can do are get decentralization governance running, the treasury operational, and partnerchains running — Charles Hoskinson (@IOHK_Charles) March 31,…

AltcoinsApr 30

Analyst Eyes $300K Bitcoin Price as BTC Approaches 'Most Aggressive Part of the Bull Cycle'

A technical analyst has highlighted that bitcoin is approaching “the point where historically the most aggressive part of the bull cycle begins,” forecasting a potential rise to $300,000 for the cryptocurrency. “Unrealistic or not, that gives us a $300,000 projection and is undeniably technical as those are the exact high-to-low measurements at the time it touched the MM [Mayer Multiple] Mean,” the analyst described. Bitcoin Nears the Start of Historically Aggressive Bull Cycle Phase Tradingshot, a Tradingview contributor with over 72K followers, has shared insights into where the price of bitcoin is headed. In a post titled “Bitcoin: This Marks…

BitcoinApr 30

Jellyverse joins Sei Network as official Balancer fork, enhancing DeFi 3.0 ecosystem

Jellyverse, a platform known for its advanced decentralized financial services, announced today in Vaduz, Liechtenstein, that it will join the Sei Network as the official fork of Balancer. As Sei Network gears up for its mainnet launch, Jellyverse is set to be among the first decentralized exchanges (DEXes) in the Sei ecosystem, providing users with a comprehensive DeFi platform from day one. Innovative features and collaboration with Balancer The native DEX of Jellyverse, JellySwap, will offer users a feature set identical to Balancer at the mainnet launch. Utilizing Balancer’s architecture, JellySwap will support various pool designs, including weighted pools with…

DeFiApr 30

ETH price prediction as DTCC lists finance giant's Ethereum spot ETF

The Depository Trust & Clearing Corporation (DTCC) listed Franklin Templeton’s Ethereum (ETH) spot ETF with a “yes” for create and redeem. Franklin Templeton is a traditional finance giant with $1 trillion in assets under management and a growing interest in cryptocurrencies. As of this writing, the cryptocurrency market still awaits the Securities and Exchange Commission’s (SEC) approval of Ethereum spot ETFs. This is a similar expectation previously seen within the Bitcoin spot ETFs, feeding a bullish sentiment for the cryptocurrency. In a hint of what is potentially to come, the renowned crypto journalist Colin Wu reported DTCC’s recent listing. Notably,…

EthereumApr 30

Massive Token Lock Openings Will Happen in 27 Altcoins in the New Week! Here is the Complete List Day by Day, Hour by...

After a generally inactive week in the cryptocurrency market, we are entering a week where large amounts of token lock openings will occur in many altcoins. Here is the weekly token unlock calendar that we have prepared specially for you as Bitcoinsistemi.com. (All times are stated in UTC+3 Türkiye time) Near (NEAR) Market Value: $7.60 billion Token Unlock Amount: $1.84 million (0.02% of Market Cap) Date: April 1, 2024, 03:00 SCALE (SKL) Market Value: $625.12 million Token Unlock Amount: $2.46 million (0.39% of Market Cap) Date: April 1, 2024, 03:00 Vulcan Forged (PYR) Market Value: $175.65 million Token Unlock Amount:…

AltcoinsApr 30

Experts Knew It Would Work 'Like Dog Sh*t'

Chris Pacia, the former lead developer of the now-defunct decentralized marketplace Openbazaar, has criticized the process that led to the proposal of Bitcoin’s lightning network (LN) as a scaling solution. Pacia stated that technical experts lied to the mainstream audience in the blocksize war’s framework, knowing that LN would work “like dog sh*t.” Former Openbazaar Lead Dev States LN Weaknesses Were Hidden From the Mainstream Chris Pacia, the former lead developer of Openbazaar, a defunct decentralized crypto marketplace, has explained how the shortcomings of Lightning Network (LN), a layer 2 scaling protocol for Bitcoin, were explicitly hidden during the so-called…

BitcoinApr 30