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.

Manta Network Joins Cyberport’s Incubation Program to Drive Innovation in Digital Tech

Manta Network, a leading modular blockchain for zero-knowledge (ZK) applications, has announced its inclusion in Cyberport, Hong Kong’s premier digital technology flagship and entrepreneurship incubator. Managed by the Hong Kong Cyberport Management Company Limited, a wholly-owned entity of the Hong Kong SAR Government, Cyberport is a highly selective program that serves as a launchpad for innovative tech startups. 🇭🇰 @MantaNetwork joins Hong Kong's exclusive digital technology flagship and incubator, Cyberport. Manta continues its commitment to expansion in Asia through this program. With resources from HK's Cyberport, Manta will establish a strong local presence.https://t.co/OWVpj5MLxz — Manta Network (🔱,🔱) #MantaRenewParadigm (@MantaNetwork) April…

BlockchainApr 16

US government holds 210k Bitcoins with $14.4b unrealized profit

The U.S. government’s holdings of 210,392 BTC worth $14.4 billion make the country one of the largest holders of the coin. The head of CryptoQuant, Ki Young Ju, noted that the U.S. Department of Justice, the Internal Revenue Service, and other departments have not sold a single Bitcoin (BTC) since July 2023. The government’s unrealized profits increased 2.4 times. Fun Fact: US gov holds 210,392 $BTC, with a 2.4x unrealized profit, and hasn't sold any #Bitcoin since July 2023. pic.twitter.com/GIvQpL3j5Z — Ki Young Ju (@ki_young_ju) March 15, 2024 At the same time, Arkham platform analysts have different data. They reported…

BitcoinApr 16

Massive sell-off alert amid $300 million token unlock on Friday

The layer-1 cryptocurrency developed by former Meta (Facebook) engineers, Aptos (APT), may face a massive sell-off after April 12, Friday. That is due to a scheduled token unlock worth nearly $300 million, which may cause significant supply inflow to exchanges. Notably, vesting contracts will unlock 24.84 million APT by the end of the week, worth $298.11 million. This, according to TokenUnlocksApp data, represents 6.2% of Aptos’s market capitalization, which evidences its event’s relevancy for cryptocurrency traders. In particular, ‘Core Contributors’ and ‘Investors’ will receive 81.7% of the unlocked tokens, summing up to 20.3 million. These entities will receive 11.88 million…

AltcoinsApr 16

Ethereum’s EIP-3074 ‘upgrade’ could let wallet makers steal your money

With momentum carried over from the relatively smooth hard fork upgrades Shapella (Shanghai+Capella) and Dencun (Deneb+Cancun), Ethereum’s next hard fork was supposed to be a breeze. Nevertheless, several analysts are waving red flags about one of its code changes, EIP-3074. Through EIP-3074, Pectra will introduce codes that permit users to delegate all of their Ethereum assets to so-called Invokers — externally owned accounts (EOA) that users must trust to not steal their money. Following the naming convention of ‘star + city portmanteau,’ the upcoming hard fork Pectra (Electra+Prague) will introduce two new operation codes: AUTH and AUTHCALL. Together, these codes…

EthereumApr 16

Crypto Exchange OKX's Polygon-Powered Layer 2, 'X Layer,' Hits Public Mainnet

OKX, the fourth-largest crypto exchange, said its new layer-2 blockchain, called X Layer, has gone live on its public mainnet, a continuation in the era of major crypto companies starting their own distributed networks. X Layer, previously known as X1, makes use of Polygon's Chain Development Kit (CDK), a customizable toolkit that lets developers build their own chains by making use of zero-knowledge technology. The news comes as other major cryptocurrency exchanges have pursued their own layer-2 networks over the past year. In August, Coinbase launched its “Base” blockchain, which is built with Optimism’s OP Stack. Kraken is reportedly also…

BlockchainApr 16

Bitcoin SV Down 22% Since Court Ruled Craig Wright Isn’t Satoshi

Bitcoin SV (BSV) has plummeted 13% over the last day after a UK court ruled that Craig Wright is not pseudonymous Bitcoin creator Satoshi Nakamoto and did not write the leading cryptocurrency’s whitepaper. Coupled with a broader downturn in the cryptocurrency market, it's been a rough week for the Bitcoin variant. Also known as Bitcoin Satoshi’s Vision, BSV was trading for around $113 on Thursday as the court case between Wright and the Crypto Patent Alliance (COPA) concluded. BSV saw its largest drop in months after U.K. Judge James Mellor ruled that Wright is not the pseudonymous Bitcoin inventor Satoshi…

BitcoinApr 16

Important Update Shared With Community

As Solana continues to experience congestion on its network with a large portion of its transactions coming off as unsuccessful, the organization has urged members of the community to be patient as developers and core contributors are working tirelessly to address the underlying issues and strengthen the network's infrastructure. Root cause of Solana congestion According to Austin Federa, a strategist at the Solana Foundation, teams from Anza, Firedancer, Jito and other key contributors are devoting significant efforts to bolstering Solana's networking stack amid the current congestion. Although there have been several speculations on possible causes of the congestion, Federa says…

AltcoinsApr 16

Ethereum Price Recovery In Jeopardy? Decoding Key Hurdles To Fresh Increase

Ethereum price is facing many hurdles near $3,200. ETH could gain bearish momentum if the price stays below $3,200 and $3,280. Ethereum is struggling to recover above the $3,200 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if there is a close below the $3,000 support zone. Ethereum Price Faces Hurdles Ethereum price started a recovery wave above the $3,000 resistance zone. ETH was…

EthereumApr 16

new MoU to enhance crypto education in Turkey

Tether, the company behind USDT, has signed a Memorandum of Understanding (MoU) with Fuze, with the common goal of enhancing crypto education in Turkey and the Middle East. Tether and Fuze: new partnership to elevate crypto education in Turkey and the Middle East Tether and Fuze: initiatives, workshops, and crypto education in Turkey and the Middle East The Blockchain Education Initiative in the Philippines Tether and Fuze: new partnership to elevate crypto education in Turkey and the Middle East Tether has announced a new strategic partnership with Fuze, a leading provider of infrastructure for digital assets with offices in Abu…

BlockchainApr 16

Nayib Bukele reveals El Salvador received 4,560 bitcoins from Bitfinex

President Nayib Bukele of El Salvador announced yesterday that the country is storing over 5,689 bitcoins in a cold wallet in a vault, revealing in the process that 4,560 of these bitcoins were received from Bitfinex. Bukele shared the wallet address on X (formerly Twitter), claiming it was a “big chunk” of El Salvador’s bitcoin and suggesting that the country has more bitcoin stored elsewhere. The vault is dubbed ‘the piggy bank’ and Bukele claimed, “It’s not much, but it’s honest work 😂.” We've decided to transfer a big chunk of our #Bitcoin to a cold wallet, and store that…

BitcoinApr 16