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Author: 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.

Base Network Sets Record High in Contract Deployers, Reaches 21.7K

The Base network has recently set a record high of contract deployers. Chinese crypto reporter Colin Wu shared an X post on his Wu Blockchain page, shedding light on Base’s 21,700 contract deployers marked on April 20, with a fee of $164.618K. According to Token Terminal, the number of contract deployers on the Base network in a single day recently reached 21,700, setting a record high. Contract deployers refer to the number of EOAs for transactions that initiate smart contract creation. Previously, Base protocol head… — Wu Blockchain (@WuBlockchain) April 22, 2024 In a recent X post, Token Terminal reflected…

Blockchain

MNGO from FTX estate vote for Mango Markets buyback proposal

Mango Markets, a Solana-based decentralized exchange, has been thrust back into the public consciousness after the conviction of Avi Eisenberg for market manipulation related to an exploit of the platform. Amid this attention, governance for Mango Markets has passed a buyback proposal that will benefit a subset of users, specifically those who have participated in governance. This proposal got over the finish line in part thanks to a large voting bloc made up of MNGO tokens recently purchased from the FTX estate. Several weeks ago, the FTX cold wallet began liquidating SPL tokens, including MNGO. Following that, a new proposal…

Markets

Ontario Court Certifies Class Action over Crypto Derivatives

Ontario's Superior Court of Justice has certified a class action against Binance, according to a report by Advisor.ca The lawsuit alleges that Binance Holdings Limited violated securities law by offering crypto derivative products to retail investors without proper registration. This development comes amid increasing scrutiny from regulatory authorities, including the Ontario Securities Commission (OSC). In 2021, Binance pledged to cease operations with Canadian investors in response to OSC scrutiny and later agreed to an undertaking with the OSC to halt trading activities in Ontario. However, the OSC's investigation into possible regulatory breaches by the exchange is ongoing, with no formal…

Exchanges

Axen Forges Groundbreaking Partnership with Cluster Protocol

Axen, one of the leading identities in the decentralized technology field, has finally declared a partnership with Cluster Protocol. Cluster Protocol is the first-of-its-kind cutting-edge framework designed to revolutionize computation, data sharing, and artificial intelligence. The strategic collaboration is an important success in revolutionizing the decentralized technology area. We're thrilled to announce a groundbreaking partnership between Axen and Cluster Protocol, marking a pivotal moment in the advancement of decentralized technologies! Cluster Protocol is a cutting-edge framework poised to revolutionize computation, data sharing, and artificial… pic.twitter.com/NiDeaMiWBV — Axen Labs | 🤍🧡 (@Axenlabs) April 22, 2024 Cluster Protocol to Revolutionize AI with…

Blockchain

Bitcoin bulls erupt as chart teases explosive surge

Although many assets in the cryptocurrency sphere are starting to slow down their bullish gains, including Bitcoin (BTC), the flagship decentralized finance (DeFi) asset is flashing some massively optimistic signs that suggest the possibility of an explosive comeback. As it happens, the maiden crypto asset is showing a bullish pennant on its four-hour chart, following a surge that marked its first flagpole, and suggesting the second flagpole “could spike real fast” in a bullish moment, according to the observations by crypto analyst Trader Tardigrade on March 12. Indeed, the expert has identified a continuation chart pattern represented by two trendlines…

Bitcoin

304 Million DOGE Mysteriously Moved from Binance Amid 7.5% Drop

Data shared by the prominent blockchain sleuth Whale Alert shows that a hefty amount of DOGE meme coins has been withdrawn from Binance after a likely purchase to anonymous crypto wallets. Whale Alert is renowned for sharing details of large cryptocurrency transactions with the crypto community on Twitter/X. Hundreds of millions of DOGE land in whale's pocket The above said data source tweeted that approximately three hours ago, two blockchain wallets tagged as unknown withdrew a total of 304,588,737 Dogecoin from the Binance exchange. This amount of Dogecoin is equal to $53,125,088 in fiat at the time of writing this…

Altcoins

Centralized Exchanges Are Already Listing Bitcoin Runes—Which Ones Will Be Next?

Bitcoin’s new Runes fungible token standard launched late Friday alongside the quadrennial halving event, and the immediate demand pushed network fees to a level never before seen on the original blockchain network. Already, at least one centralized exchange (or CEX) has already taken notice and gotten in on the action. The Cayman Islands-based exchange Gate.io has already listed three of the earliest Runes tokens on Bitcoin: SATOSHI•NAKAMOTO (no connection to the pseudonymous Bitcoin creator), MEME•ECONOMICS, and WANKO•MANKO•RUNES. WANKO•MANKO•RUNES is the odd token out there, but the other two tokens have something in common besides the odd naming scheme with the…

Exchanges

MAR Mining Uses New Energy Cloud Mining to Reduce Costs and Earn Passive Income, The Best Way

In the rapidly evolving world of cryptocurrency, MAR mining positions itself at the forefront of sustainable and environmentally friendly mining solutions. It is taking the lead in integrating renewable energy into the cryptocurrency mining process as global awareness of environmental impacts grows. Using green energy in mining operations MAR Mining recognizes the critical importance of reducing the carbon footprint associated with cryptocurrency mining. The platform has made significant progress in adopting renewable energy sources such as solar, wind and hydropower. This not only minimizes environmental impact but also ensures long-term sustainability and cost-effectiveness for miners. Solar mine One of MAR…

Mining

Robert F. Kennedy Jr proposes putting the 2024 US budget on blockchain

United States presidential candidate Robert F. Kennedy Jr. has proposed to put the nation’s 2024 budget on a public blockchain. During his April 21 rally in Michigan, Kennedy said that putting the U.S. budget on the blockchain would allow Americans to access any budget item at any time. According to Kennedy, integrating the budget with blockchain technology will significantly increase transparency. He exemplified this by stating, “If somebody is spending $16,000 for a toilet seat, everybody’s going to know about it.” If the proposal comes to fruition, American taxpayers will be able to track where funds are being spent. The…

Blockchain

$50 Billion Grayscale Launches BTC, New Bitcoin ETF: Here's Why

Grayscale, the renowned digital asset management firm with over $50 billion in assets under management, has announced the launch of a new Bitcoin exchange-traded fund (ETF), dubbed BTC. This move comes as Grayscale files for a mini fund similar to GLDM (Gold MiniShares Trust), allowing holders of its flagship product, GBTC, to access the new offering with lower fees pending SEC approval. The decision to introduce BTC stems from growing concerns among investors regarding the high fees associated with GBTC. Eric Balchunas, Senior ETF Analyst for Bloomberg, believes this move aims to address the exodus of investors from GBTC, where…

Bitcoin