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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.

Starknet faces 4-hour outage, block production halts

Starknet appears to be facing its first major outage as no new blocks have been registered in the network over the past few hours. Starknet, a layer-2 solution for Ethereum valued at $8 billion, is apparently experiencing its first significant outage, with no new blocks registered on the network in the past several hours. According to data from Starkscan, the network ceased producing new blocks at around 8:57 (GMT+3), with no updates since then. Starknet’s block production | Source: Starkscan You might also like: Starknet to distribute 50m STRK tokens between early adopters While Starknet’s status page shows no reported…

Altcoins

Binance loses 25% of Bitcoin market share as offshore markets shrinks

As offshore markets diversify, Binance’s Bitcoin market share has declined to 55%, while Bybit emerged as a frontrunner with a surge from 2% to 9.3% Binance‘s dominance in Bitcoin trading outside the U.S. market appears to be shrinking, as its share dropped from 81.3% to 55.3% over the past year as the exchange faced increased competition following the removal of its large-scale Bitcoin zero-fee promotion. According to data from Kaiko, the same trend can also be observed with smaller altcoins, where Binance’s share declined from 58% to 50.5%. Altcoin market share of volume | Source: Kaik You might also like:…

Exchanges

Algorand Foundation Joins UK Parliament’s Blockchain Advisory Board

The Algorand Foundation aims to empower a dynamic, borderless, inclusive global ecosystem. It announced the most awaited news of being appointed to the Advisory Board of the APPGBlock (All Party Parliamentary Group on Blockchain Technologies). The representatives of the Algorand Foundation include the company’s CEO, Staci Warden, and the Head of Education and Inclusion, Doro Unger-Lee. APPG’s work is crucial for providing a cross-disciplinary and holistic forum for the industry, parliamentarians, public services, and regulators to inform the policy and narrative debate related to blockchain technology and to devise legislation and frameworks that will allow the UK to survive in…

Blockchain

Cryptocurrency Investor Nets Over $1 Million in Remarkable Trading Triumph on Solana

An investor has turned a modest investment of 30.3 SOL (approximately $5,300) into a massive 5,906.4 SOL (equating to $1.03 million), leveraging theblockchain platform. This represents a staggering 195-fold increase in their initial stake. The savvy trader’s strategy involved acquiring 261.27 million tokens of the digital asset $EPIK and selling off 231.27 million $EPIK for a return of 5,936.7 SOL ($1.04 million). This remarkable transaction underscores cryptocurrency markets‘ highly volatile and potentially lucrative nature. In just 1 day, this guy made 5,906.4 $SOL($1.03M) with only 30.3 $SOL($5.3K) on #Solana, a gain of 195x. He spent 30.3 $SOL($5.3K) to buy 261.27M…

Altcoins

Crypto.com Postpones South Korea Launch After Reports of Money Laundering Probe

Crypto.com says it’s postponing a planned app launch in South Korea after reports of an on-site inspection of the exchange’s activities by local regulators. The inspection was over alleged failures to prevent money laundering, according to reports. Crypto.com says it maintains the "highest” anti-money laundering standards in the industry. Crypto.com said it’s postponing a planned launch in South Korea after local news outlet Segye Ilbo reported on Monday that the exchange platform was facing an “urgent on-site inspection” over money laundering concerns. The report said that South Korea’s Financial Intelligence Unit (FIU) under the Financial Services Commission had discovered “problems…

Exchanges

Etherisc Partners with Chainlink CCIP to Revolutionize Cross-Chain Insurance Solutions

Etherisc, a leading decentralized insurance platform, has made a significant stride in improving interoperability within the blockchain ecosystem by integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This integration spans across the Ethereum mainnet and Base, a layer-2 scaling solution built by Coinbase. Through Chainlink’s CCIP, Etherisc’s native token DIP now enjoys seamless and secure connectivity between the Ethereum network and the Base layer-2 network. The collaboration between Etherisc and Chainlink underscores the importance of reliable, tamper-proof on-chain data in decentralized insurance. Chainlink’s proven track record in providing secure and reliable data oracles has enabled Etherisc to develop its products in a…

Blockchain

Bitcoin ETFs see $505 million total inflows led by BlackRock as VanEck breaks record

Bitcoin ETF inflows surged on March 11, 2024, with a net gain of $505.5 million, according to data from Bitmex Research. The strong performance was led by BlackRock’s iShares Bitcoin ETF (IBIT), which saw inflows of $562.9 million, representing a 0.12% increase in total assets. Fidelity’s FBTC fund also contributed to the positive momentum, attracting $215.5 million in new investments. Other notable Newborn Nine ETFs with inflows included Bitwise’s BITB fund ($49.8 million), ARK Invest’s ARKB fund ($13.0 million), and VanEck’s BRRR fund ($118.8 million). VanEck’s announcement to waive fees until 2025 led to its strongest day by far. Previously,…

Bitcoin

Swing Announces to Integrate Manta Network for Chain Swaps

Swing, a famous decentralized protocol to provide liquidity across chains, has announced a new integration. As per the company, Manta Network (a modular blockchain dealing with ZK applications) is integrating with it to enable developers to use zero-knowledge technology. In addition to this, they can also explore the exclusive possibilities present in the decentralized finance sphere. Swing x Manta Network We're excited to announce the integration of @MantaNetwork With Manta now live on Swing, developers can leverage the power of zero-knowledge (ZK) and build cross-chain applications across Manta Pacific and Manta Atlantic.https://t.co/CAYcJLs13z pic.twitter.com/jUChkFkfzZ — Swing | Unified Cross-chain UX 🤖…

Blockchain

Coinbase CEO discusses Bitcoin’s necessity in light of US debt growth

Coinbase CEO Brian Armstrong explains the importance of Bitcoin in response to the United States’ $30 trillion surge in national debt over the last 28 years. In the context of the United States’ burgeoning national debt, Robert Sterling, CFO of 20 Dollar Consulting, highlights the alarming rate at which the U.S. debt has grown, underscoring a bipartisan trend of fiscal expansion under successive administrations. Sterling points out that the acceleration of debt accumulation began with George W. Bush and continued through the previous three presidencies. Significant milestones were crossed in response to military spending, tax cuts, the Great Recession, and,…

Bitcoin

Starknet-powered AVNU Launches Paymaster Feature, Revolutionizing Gas Fees on Ethereum Layer-2

In a recent development, Starknet, Ethereum’s layer-2 scaling solution leveraging zero-knowledge rollups, announced a groundbreaking feature by AVNU, its native DEX aggregator. AVNU’s newly launched Paymaster feature aims to transform the way users interact with gas fees on Starknet, potentially making gas fees a thing of the past. AVNU’s Paymaster, currently in beta, introduces a novel approach to paying gas fees on Starknet. While traditionally users could only pay gas fees using Ethereum (ETH) or Starknet’s native token (STRK), the Paymaster now allows payments in stablecoins USDC and USDT. This feature is not just an addition but a transformative step…

Blockchain