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.

Bitcoin Runes Are Coming—And Xverse Wallet Is Getting Ready

BRC-20 tokens have been the talk of the Bitcoin space over the last year, as the Ordinals protocol that let users inscribe NFT-like assets on the chain could also be used to launch fungible tokens. But a new Bitcoin fungible token standard called Runes is on the horizon, and leading wallet Xverse is gearing up to support it. The Runes protocol, developed by Ordinals protocol creator Casey Rodarmor, is designed to provide a more efficient way to mint and transact fungible tokens deployed on Bitcoin. The protocol is set to debut on mainnet alongside the Bitcoin halving in April. On…

BitcoinApr 20

Crypto Trading Game Banksters Concludes Airdropped NFT Contest With Its Mainnet Launch

The educational NFT-based crypto trading game Banksters has celebrated the upcoming launch of its Mainnet with a new airdrop that rewards its most active and best performing players. In the first-of-its-kind contest, Banksters pitted its users against each other to compete for one of 1,000 exclusive NFTs that were awarded based on their activity level throughout the duration of the competition. The event ran from April 3 to April 17, and ended up with the 1,000 highest-rated Banksters’ players receiving an airdropped NFT showcasing various traits and levels of rarity. The NFTs were valued at a combined 100,000 USDT. ‘…

NFTApr 20

Consensys’ Bill Hughes Talks Crypto Law

Last month, news broke that the U.S. Securities and Exchange Commission (SEC) had subpoenaed the Ethereum Foundation in a seeming first move in preparing a potential lawsuit. At this point, all the world knows, really, is that some “state authority” had made contact, the organizing force behind the creation of second-largest cryptocurrency ether (ETH), according to the missing “canary” on the for-profit foundation. Consensys, the Brooklyn-based incubator that has developed a number of core tools for the Ethereum ecosystem, including the largest non-custodial wallet MetaMask, node infrastructure service Infura as well as clients like Besu and Teku. To a large…

EthereumApr 20

91% of Coinbase’s Base Meme Coins at Risk: Vulnerabilities Exposed

A staggering 91% of meme coins on Coinbase’s Base platform have been found to have security vulnerabilities, putting users at risk of significant losses. This comes after the Dencun upgrade, which has seen a surge in user numbers, transactions, and total value locked on Base. It resembles the activity fueled by degenerate gambling on Solana’s L1 blockchain. Coinbase’s Base Meme Coins Suspected of Scam A new study analyzed 1,000 new Base tokens, primarily meme coins, launched between March 19 and March 25. The analysis revealed that 908 projects failed to meet one or more fundamental security measures. These include locked…

AltcoinsApr 20

This Bitcoin halving could lead to greater mining power centralization: Bitfinex analyst

Upcoming Bitcoin halving may lead to mining power centralization and innovation as miners adapt to new profitability challenges. The post This Bitcoin halving could lead to greater mining power centralization: Bitfinex analyst appeared first on Crypto Briefing. Halving pressures Bitcoin miners to seek efficiency and innovation. This Bitcoin halving could lead to greater mining power centralization: Bitfinex analyst The Bitcoin (BTC) halving is poised to reshape the mining landscape, potentially leading to greater centralization of power. Jag Kooner, Head of Derivatives at Bitfinex, estimates the anticipated squeeze on miners’ profit margins could force smaller operations to exit, leaving the field…

MiningApr 20

Net $680 million flows into Bitcoin ETFs as Grayscale outflows tick back up to $276 million

Bitcoin ETFs continued their strong performance on March 13, with a net inflow of $683.7 million, according to data from Bitmex Research. This marks another positive day for Bitcoin ETFs, following the surge in inflows seen on March 12. Per Bitmex Research ETF flow data, BlackRock’s iShares Bitcoin ETF (IBIT) again led the way, attracting $586.5 million in new investments. Fidelity’s FBTC fund also maintained its momentum, with inflows of $281.5 million. Other Newborn Nine ETFs that experienced significant inflows include Bitwise’s BITB fund ($5.6 million) and ARK Invest’s ARKB fund ($44.6 million). Franklin Templeton EZBC fund saw a strong…

BitcoinApr 20

Mike Tyson joins boxing blockchain project

Boxing legend Mike Tyson has partnered with the blockchain project for boxers Ready To Fight. According to a press release, the strategic alliance comes as Ready To Fight (RTF) prepares to list its own RTF token on four cryptocurrency exchanges. Tyson has joined the platform as a brand ambassador to “revolutionize the boxing ecosystem.” “In a significant endorsement of RTF’s mission to revolutionize the sport, boxing legend Mike Tyson has joined the platform as a brand ambassador. Tyson’s legendary status and global appeal are expected to significantly extend RTF’s reach, captivating and inspiring an international audience of boxing enthusiasts.” Ready…

NFTApr 20

Ethereum (ETH) Outranks S&P 500 Giants in This Key Metric

Ethereum (ETH) is leaping beyond its primary role as the second-largest digital currency by market cap as it is outpacing some S&P 500 firms in a unique metric. According to an update from crypto analytics platform Token Terminal, Ethereum is currently ranked 16th in terms of buyback yield. According to the list shared by the platform, Ethereum outshines some big names on the list, including Elon Musk’s electric car manufacturing giant Tesla Inc and multinational banking giant JPMorgan Chase. This feat shows Ethereum goes beyond just its role as a smart contracts enabler; it also has what it takes to…

EthereumApr 20

Shiba Inu Whale Sparks Frenzy with Massive SHIB Accumulation

Shiba Inu backers, as reported by Shiba Inu on their social media X page, the golden moment has arrived when the meme currency is set to soar to new heights. Recently, a SHIB whale stunned the crypto community by acquiring the same asset and injecting a new wave of positive sentiment into the entire ecosystem. 🌕🌕🌕 Time to fly high 🚀 $SHIB 🐕#shibaArmy — Shiba Inu (@ShibainuCoin) April 8, 2024 Whale Alert, the blockchain tracker, reported a jaw-dropping accumulation of 692.40 billion SHIB tokens, valued at a whopping $19.26 million, from Crypto.com. This massive acquisition by the whale couldn’t have…

AltcoinsApr 20

Bitcoin Has No Top Because Fiat Has No Bottom: Understanding Monetary Debasement

MONETARY DEBASEMENT Debasement refers to the action or process of reducing the quality or value of something. When talking about fiat currencies, debasement traditionally refers to the practice of reducing the precious metal content in coins while keeping their nominal value the same, thereby diluting the coin’s intrinsic worth. In a modern context, debasement has evolved to mean the reduction in the value or purchasing power of a currency — such as when central banks increase the supply of money, in the process lowering the nominal value of each unit. UNDERSTANDING DEBASEMENT Before paper money and coins made of cheap…

BitcoinApr 19