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.

This Altcoin’s Big Announcement Didn’t Meet Expectations: Price Backfires

Threshold Network (T) announced the launch of Threshold USD (thUSD), a decentralized stablecoin pegged to the US dollar and backed by Bitcoin and Ethereum. However, Threshold Network, which previously announced that an important announcement would be made soon, received a negative reaction in its price because the announcement did not meet expectations. Following the announcement, a sudden downward movement was observed in the T price. “In an era where DeFi is reshaping our financial landscape, thUSD stands out by integrating Bitcoin into DeFi without sacrificing decentralization. thUSD is not just a stablecoin; it brings the unique security and potential of…

AltcoinsApr 29

Regulating CEXs won’t stop bad actors: lessons from the FTX trial

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The fallout from the FTX collapse and the accompanying media circus left unexpected and wide-reaching disruption. Still, the truth is that it expedited the realization that centralized exchanges (CEXs) are broken. How we pick up the pieces will have a long-lasting impact on our industry. It is not the role of regulators to prevent another FTX collapse. You might also like: Lessons from 2023: the FTX trial and crisis management for crypto projects | Opinion Without meaningful…

ExchangesApr 29

Coral Finance Launches Testnet for Novel Financial Protocol

Decentralized novel financial protocol Coral Finance has announced the official launch of its testnet. Coral Finance has connected the basic fundamental into a unique solution in the Uniswap world. The company offers a new staking ideal solution in the staking world. Creating a new ultimate experience, the Coral Finance introduces “Premium Trading”. 🎉 Great News! Coral Finance 𝐓𝐞𝐬𝐭𝐧𝐞𝐭 on @BTClayer2 is LIVE! Start the journey, you will be the pioneer in Premium-trading staking. : 🔗https://t.co/B5UN61Nv6h More on Coralantis! The Mesopelagic section is now open for you to earn and claim testnet Reef Points:… pic.twitter.com/iAuMyrNuqS — Coral Finance | Coralantis🪸 (@Coral_Finance)…

DeFiApr 29

Bitfinex Undergoes Maintenance to Improve Platform Performance

Bitfinex, one of the largest cryptocurrency platforms in the world, is updating the platform for its maintenance. The platform stopped trading for a while due to deteriorated performance but is scheduled to fully function very soon. Maintenance was done to identify problems and eliminate them to improve the platform’s performance and usability. Our maintenance is nearing a successful completion and the Bitfinex platform will be returning in view-only mode with the option to cancel orders at 12:45 PM UTC, before trading opens at 12:50 PM UTC. Thank you for your patience. https://t.co/WBMz5yuuQi — Bitfinex (@bitfinex) April 28, 2024 Bitfinex Implements…

ExchangesApr 28

Financial Squeeze Tightens for Bitcoin Miners as Earnings Continue to Fall

On Friday, Bitcoin’s hashprice was $56.95 per petahash per second (PH/s), but by Sunday, it had dropped to $51.66 per petahash. Over the last 100 blocks, bitcoin miners averaged about 3.55 BTC for each block they mined, indicating that bitcoin miners are receiving less than half a BTC per block in onchain fees. Bitcoin Miners See Earnings Cut in Half Bitcoin miners are currently earning significantly less BTC than before the halving event, and the high fees they previously enjoyed after block height 840,000 have been erased. These initial high fees may have provided some miners with enough financial buffer…

MiningApr 28

Polygon unpacks zkEVM outage and ‘emergency’ upgrade

Polygon’s zkEVM rollup entered an emergency state on March 23 after the chain stopped processing blocks. Last week, Polygon released an analysis of the outage that took its zkEVM down. Polygon reported late Saturday that its zkEVM sequencer had failed, attributing the cause to a reorg of the Ethereum mainnet. The postmortem states that the synchronizer for Polygon zkEVM mishandled the reorg, and the chain started processing batches of transactions with incorrect timestamps. A blockchain reorganization, or reorg, happens when a network discards blocks from a previous version and adopts a new chain of blocks as the accurate history of…

AltcoinsApr 28

Solana Labs co-founder introduces BunkerCoin whitepaper

Solana Labs Co-Founder Anatoly Yakovenko has directed his community towards a new blockchain protocol called BunkerCoin. The announcement coincides with the release of the white paper for BunkerCoin, a blockchain protocol designed for environments with limited bandwidth, including compatibility with shortwave radio. The white paper, released today and titled “BunkerCoin: A Low Bandwidth, Shortwave Radio-Compatible Blockchain Protocol,” presents a technical overview. BunkerCoin utilizes a recursive Zero-Knowledge Proof hash function and a proof of elapsed time Verifiable Delay Function (VDF). The VDF allows miners to identify a ‘golden ticket,’ essential for block validation and transaction integrity. If you are into mainstream…

AltcoinsApr 28

Samourai Wallet Founders Arrested and Charged With Money Laundering

Federal prosecutors charged Samurai Wallet founders Keonne Rodriguez and William Lonergan Hill with conspiracy to commit money laundering on Wednesday, as the U.S. government continues its approach to prosecuting crypto mixing tools that may be used by illicit actors and foreign governments to hide fund transfers. According to a press release issued Wednesday, the pair developed, marketed and operated the mixer, which "facilitated more than $100 million in money laundering transactions from illegal dark web markets." Samourai overall facilitated around $2 billion in "unlawful transactions” between 2015 and the present, the release alleged. Rodriguez, 35, and Hill, 65, collected approximately…

RegulationApr 28

Here’s the Most Likely Guess as to What It Will Be

Decentralized cryptocurrency exchange Uniswap (UNI) shared in its statement today that it will make a big announcement tomorrow. In the official statement, an expression was used as “There will be a Blast (explosion) tomorrow”, and this was interpreted as the announcement meaning that Blast, one of the relatively new layer-2 platforms on Uniswap, will be integrated. Although the content of the announcement was most likely about Blast, the fact that the announcement was made on April 1 caused its seriousness to be questioned. However, Uniswap asked users to turn on their notifications for tomorrow's announcement. When asked if this was…

AltcoinsApr 28

Do Kwon's Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms

The U.S. Securities and Exchange Commission is looking to impose its steepest fine yet on a cryptocurrency project, a $5.3 billion penalty for Do Kwon and Terraform Labs, the man and company behind the fatally flawed algorithmic stablecoin that jumpstarted a multi-billion-dollar, industry-wide contagion event when it imploded two years ago. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. Following a protracted investigation and relatively short two-week trial in New York earlier this month, Kwon and Terraform were…

RegulationApr 28