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.

Wirex Token (WXT) surges on partnerships and integrations ahead of WPAY launch

In the past month, WXT token has surged by more than 55%. At press time, Wirex Token (WXT) was trading at $0.008041. Investors are looking forward to the WPAY official launch; Wirex opened early access to WPay in January. Wirex Token (WXT) has experienced a significant surge in value fueled by strategic partnerships, integrations, and anticipation surrounding the imminent launch of WPAY, Wirex’s decentralized payment network. With a focus on empowering users through self-custody and seamless crypto transactions, Wirex has positioned itself at the forefront of the evolving digital finance landscape. Wirex expanding utility and reach Wirex Token (WXT) has…

AltcoinsApr 20

SEC Chair Controversial Post Stirs Resignation Rumors

SEC Chair Gary Gensler’s recent social media post has elicited reactions within the crypto community, with many believing that he was resigning. In a recent post, SEC chair Gary Gensler took to X to highlight his achievements as the regulatory agency’s boss over the past three years. It’s been an honor to serve as @SECGov Chair. Over the past 3 years, I’ve seen firsthand how the incredible staff at the SEC serve investors and issuers alike. A thread 🧵 — Gary Gensler (@GaryGensler) April 17, 2024 Controversial Opening Sentence However, the post’s opening sentence led several crypto enthusiasts to mistakenly…

RegulationApr 20

Ethereum Layer 2 Scroll announces loyalty program for the community

Ethereum Layer 2 network Scroll has announced a loyalty program aimed at rewarding community members. Scroll Sessions, according to the L2 solution’s team, is a program that will see ecosystem participants earn Scroll Marks for engaging across the network. The initiative offers rewards to users who bridge assets to Scroll. In particular, one will be eligible for Session Zero by bridging their ETH and wstETH, with more assets added in due course. How else will users receive Scroll Marks? Users will also accumulate Marks by staking ETH to get STONE and bridging to Scroll using omni-chain interoperability protocol LayerZero. Scroll…

BlockchainApr 20

What to Look Out For

With the Bitcoin halving event just a month away, the cryptocurrency market is witnessing a flurry of activity that could shape its trajectory for months to come. Key industry figures have begun sounding alarms over recent trends that signal a possible shift in the market dynamics. Why the Bitcoin Halving in 1 Month is a Big Deal The Bitcoin halving is a significant event coded into the Bitcoin protocol that occurs approximately every four years or after every 210,000 blocks are mined. During this event, the reward for mining new blocks is halved, meaning that Bitcoin miners receive 50% less…

BitcoinApr 20

China Opens e-CNY Research Institute, Appoints First Expert Panel

The e-CNY Research Institute has been inaugurated to support advancements of China’s central bank digital currency (CBDC). According to a recent report by MPayPass, institute was unveiled at the “2024 Second e-CNY Industry Sustainable Development Seminar” in Suzhou, where industry experts gathered to mark the occasion. The Seminar was co-hosted by the Suzhou City Digital Finance Industry Federation and MPayPass. e-CNY Research Institute for Sustainable Development The e-CNY Research Institute would function as a think tank composed of experts committed to rational pragmatism and conservative innovation. Operating with a “joint expert construction” model, the institute aims to harness market dynamics…

MarketsApr 20

Powering the Future of Gaming with Smart Contracts and Innovative Projects

Polkadot’s role in powering gaming innovation has continued to evolve with its Parachains. The protocol has seen a resilience in its price, drawing on broader ecosystem demand on DOT. Polkadot (DOT), a popular blockchain platform stands out as a promising force driving innovation in gaming through its robust infrastructure and support for smart contracts. This article looks into smart contract chains with game applications, and game-specific chains Polkadot has supported in the past. Innovative Projects on Polkadot’s Ecosystem Some of the game applications and innovative projects connected to Polkadot as revealed on its official X account include the Ajuna Network,…

AltcoinsApr 20

The Stablecoin Saga Continues with New Legislation Initiatives

American Senators Kirsten Gillibrand and Cynthia Lummis have formally introduced a new legislative proposal aimed at regulating stablecoin operations. After several months of anticipation, the details of their collaborative effort, known as the Lummis-Gillibrand Payment Stablecoin Act, were disclosed. Introduced on April 17, the proposed legislation aims to implement strict guidelines for the issuance and use of stablecoins. Specifically, the act targets “unbacked, algorithmic stablecoins,” likely referring to incidents like the TerraUSD (UST) crash in 2022. The legislation mandates that stablecoin issuers maintain one-to-one reserves and establishes comprehensive regulatory frameworks at both state and federal levels. Moreover, it seeks to…

RegulationApr 20

Understanding Nodes in Blockchain Technology

In the intricate world of technology, particularly within blockchain and networking, the term “node” frequently surfaces, often leaving beginners perplexed. This article aims to demystify nodes by exploring their fundamental role in various technological realms, including computer networking, blockchain technology, and beyond. What is a Node in Computer Networks? In the broadest sense, a node is any electronic device that connects to a network, whether it’s a computer, printer, or any other device capable of sending, receiving, or forwarding information over a communication channel. In computer networking, nodes are essential components that facilitate the flow of data across the network.…

BlockchainApr 20

Bitcoin Price Growth Could Continue, Says South Korean Analyst

Bitcoin price growth could continue, a South Korean crypto analyst has predicted, as “crypto fever” slowly takes hold in the nation. According to Hanguk Kyungjae, the “consensus” among the nation’s “industry experts” is that Bitcoin (BTC) prices will keep going up. The media outlet said that forecasters think the coin “will continue its upward trend for the time.” But experts warned of a forthcoming “short-term adjustment in prices.” Bitcoin Price Growth: Potential for Further Rises? The media outlet quoted Ju Ki-young, the CEO of the Bitcoin on-chain analysis firm CryptoQuant, as saying: “If the market’s maximum degree of overheating is…

BitcoinApr 20

Polymarket Traders See 32% Chance of No Fed Rate Cuts This Year

Traders on Polymarket now put the probability of the Fed holding rates steady in 2024 at 32%, compared to 7% in March. Traditional markets have scaled back expectations to two 25 basis points rate cuts from six in early January. The probability that the U.S. Federal Reserve (Fed) will keep interest rates unchanged this year is rising. Betters on blockchain-based betting site Polymarket now see a 32% chance of the Fed keeping the benchmark interest rate steady between 5.2% and 5.5% by the end of the year. That’s a significant change from the 7% probability seen nearly a month ago.…

MarketsApr 20