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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.

Arbitrum DAO and oSnap Integrate for an Incentives Project of 45 ARB Coins

The famous decentralized autonomous organization Arbitrum has recently collaborated with oSnap. As included in this endeavor, Arbitrum will integrate with oSnap and distribute nearly 45M ARB tokens to protocols in the Long-Term Incentives Pilot Program. The company disclosed this in its latest blog post. The @arbitrum DAO has integrated oSnap to distribute the Long-Term Incentives Pilot Program. They will use oSnap to distribute up to 45M $ARB, one of the biggest incentives programs in history. oSnap will be used alongside other governance tools @hedgeyfinance and @tallyxyz. pic.twitter.com/h2LxZPkxjK — UMA 🥚 (@UMAprotocol) April 9, 2024 Arbitrum DAO’s Integration with oSnap Fuels…

Altcoins

Jury Begins Deliberations in $110M Mango Markets Fraud Trial

NEW YORK — Crypto trader Avi Eisenberg’s fate now rests in the hands of 12 New York jurors, who have been tasked with deciding whether his October 2022 trades on Mango Markets – which netted him $110 million – were fair game or fraud. On Wednesday, the jury heard closing arguments in the government’s case against Eisenberg, who was arrested in Puerto Rico in December 2022 and charged with commodities fraud, commodities manipulation and wire fraud in connection with his Mango Markets exploit two months earlier. Eisenberg, 28, was clad in a dark gray suit. His mother and two other…

Regulation

‘Big Four’ accounting firm EY to use Polygon PoS for business contracts

Ernst & Young revealed an enterprise contract management service that would let clients put contracts on a public blockchain while keeping business information private through zero-knowledge circuits. The firm markets its OpsChain Contract Manager as running on Ethereum, although it currently runs on Polygon proof-of-stake (PoS). The accounting firm — one of the “big four” alongside Deloitte, KPMG, and PwC — has been toying with business implications for zk proofs since at least 2018. The announcement may show another concrete step toward the institutional use of public blockchains, a month after asset management giant BlackRock launched a tokenized fund on…

Blockchain

Bitcoin Ordinals Explorer Ord.io Raises $2 Million, Embraces Runes Tokens

With the Runes protocol launch set for this weekend alongside the Bitcoin halving, Ordinals explorer Ord.io is beefing up its treasury, announcing on Wednesday the raise of $2 million that the company says will be used to hire more developers. Bitcoin Frontier Fund and Sora Ventures led the pre-seed funding round. Other investors include Eden Block, Arca, Longhash Ventures, Daxos Capital, Portal Ventures, UTXO Management, Rubik Ventures, VitalTao Capital, Antalpha Ventures, Kommune Fund, Edessa Capital, PetRock Capital, PG Capital, Shake and Bake Productions, Re7 Capital, and Balaji Fund. Launched in March 2023 by software developer Zach Meyer and pseudonymous NFT…

Markets

Has the Correction Ended, or Is Further Decline Expected?

The Ethereum price is currently undergoing a notable corrective movement, having corrected to approximately $2,845 in recent days A month ago, BeInCrypto suggested that significant support levels were around $3,215 at the 50-day EMA and between $3,107 and $3,215 at key Fibonacci levels. This range presented a favorable opportunity for Ethereum to experience a bullish rebound. ETH Finds Support: Price Stabilizes at 0.382 Fib Level, Around $3,107 In the monthly chart, Ethereum’s price remains positioned near the 0.382 Fibonacci support level. A potential bullish scenario entails a monthly close above this level, signaling positive momentum for the cryptocurrency. However, failure…

Ethereum

Fantom's Native Token FTM Rises 8% On USDC.e Stablecoin Launch

The native token of Fantom, FTM, is up 8% today, making it the best performing crypto among the Top 100 coins by market cap today following the announcement of its USDC.e stablecoin launch and an upcoming network upgrade. Fantom is a directed acyclic graph (DAG) smart contract platform. FTM has been jockeying with Toncoin for preeminence, with TON leaping into the Top 10 earlier today. Fantom focuses on providing decentralized finance (DeFi) services to developers using its bespoke consensus algorithm. Recent developments have contributed to its bullish momentum. The Sonic upgrade, which will transition the network from testnet to mainnet…

Altcoins

Ukrainian Lawmaker to Face Trial Over Alleged Bitcoin Bribes

A Ukrainian lawmaker is set to stand trial after allegedly trying to bribe a government official with $10,000 worth of Bitcoin, anti-corruption officials said on April 16. The case centers around serving lawmaker Andriy Odarchenko. In a Telegram post from the National Anti-Corruption Bureau of Ukraine (NABU), the nation’s anti-corruption agency said it had sent the case to the High Anti-Corruption Court (VAKS). Ukrainian Lawmaker ‘Offered Official $50k’ in BTC Odarchenko is an MP for the Kharkiv Oblast constituency. He represents the ruling Servant of the People Party. In November last year, NABU initially charged him. VAKS then ordered that…

Regulation

Radiant Capital Upgrades BNB Chain Subgraphs to The Graph’s Decentralized Network

In a recent announcement, Radiant Capital, a leading decentralized finance (DeFi) platform, has successfully upgraded its BNB Chain subgraphs to The Graph’s Decentralized Network. This upgrade marks a significant step towards greater autonomy and rapid data access, enhancing the user experience on the Radiant platform while ensuring data security through The Graph Network. As the Sunrise of Decentralized Data approaches, Radiant has successfully upgraded @BNBCHAIN subgraphs to the @graphprotocol's Decentralized Network. This upgrade enables greater autonomy along with rapid access to data powering the Radiant experience, secured by The Graph… pic.twitter.com/cpWhUAVjNf — Radiant Capital (@RDNTCapital) April 17, 2024 Radiant Capital…

Blockchain

This Web3 investing giant owns $558 million in crypto

Animoca Brands, a top Web3 investor and the company behind subsidiaries such as The Sandbox, Eden Games and SPORTPASS, holds a staggering $558 million in cryptocurrency. The company revealed this in an unaudited financial statement published on Wednesday, April 17, 2024. Animoca Brands also holds $291 million cash and stablecoins Animoca Brands’ interim financial update shows assets as of March 31, 2024 as $558 million, an increase of $266 million in crypto from December 2023. As well as the digital assets on its balance sheet, the company also holds a cash and stablecoin balance of $291 million. “Having continued to…

Markets

Should You Hold or Sell Ethereum? Expert Insights Ahead of the SEC’s ETF Decision

As the deadline for the SEC’s decision on spot Ethereum ETFs approaches, investors are questioning whether to hold or sell their Ethereum holdings. Experts weigh in on the potential impact of the expected rejection and its implications for the broader cryptocurrency market. Experts and their Insights Analysts anticipate that the SEC will likely reject spot Ethereum ETF applications by the end of May. Bloomberg ETF analyst Eric Balchunas has revised his approval estimate from 70% to 25%, signaling a bearish sentiment. Similarly, decentralized prediction markets suggest bleak probabilities of approval, with figures as low as 18%. Lark Davis’s Perspective Renowned…

Ethereum