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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.

STEPN launches $2.9m airdrop, GMT sinks by 6.5%

The move-to-earn project STEPN’s airdrop announcement caused a price drop to its native token, GMT. According to CoinMarketCap data, Green Metaverse Token (GMT) is trading at $0.29, down 6.5% over the past 24 hours. At the same time, traders increased GMT trading by 31% over the last 24 hours to $124.5 million. The sharp drop in GMT occurred shortly after STEPN announced the airdrop. Created based on the Solana and BNB Chain networks, the STEPN game gained popularity in the spring of 2022. It allows users to receive rewards in GST and GMT tokens for walking or running. To do…

Altcoins

Liquid Staking Derivatives Lose Ground With Over 380,000 ETH Withdrawn in April

Following a significant downturn in March, liquid staking derivatives (LSD) protocols experienced another withdrawal of 380,000 ether, valued at roughly $1.17 billion, from leading LSD platforms since April 1, 2024. Ethereum Exodus: $1.17 Billion Pulled From LSD Platforms In the initial two weeks of April, a notable reduction of 380,000 ether was observed in the top liquid staking derivatives (LSD) protocols. On April 1, 2024, these platforms collectively held 13.53 million ETH across 27 distinct decentralized finance (defi) platforms, as per archived data from defillama.com. Presently, after this decline, approximately 13.15 million ETH, valued at $41.5 billion based on current…

Ethereum

Zypher Games and B2 Network Partner Up to Explore On-Chain Games

Zypher Games, a Web3 on-chain game studio, has joined B2 Network. The collaboration reportedly focuses on delving into the on-chain games’ experience within the ecosystem of Bitcoin while both the partners will leverage take benefit from each other. Zypher Games took to its official X account to disclose the respective endeavor. Welcome onboard! Together with @Zypher_Games, @BSquaredNetwork will unleash the potential of on-chain games within the BTC ecosystem. https://t.co/vYloUNXS3O — B² Network | BTC Layer2 (@BSquaredNetwork) April 16, 2024 B2 Network Collaborates with Zypher Games to Revolutionize On-Chain Games As per the company, it utilizes the AI and ZKP of…

Blockchain

‘Don’t Be Afraid’ – Crypto Trader Says Bull Market Is Still On Despite Bitcoin’s Overnight Correction

A widely followed crypto analyst is cautioning traders against worrying about Bitcoin’s (BTC) nearly 5% dip in the last 24 hours. Crypto analyst Michaël van de Poppe tells his 702,300 followers on the social media platform X that market corrections can be seen as opportunities for traders. “Bitcoin down 7-8% overnight. Altcoins have followed in this correction and markets are taking a breather. I think we’re likely close to the pre-halving peak. The corrections remain here as opportunities, through which altcoins are likely to follow Bitcoin to an all-time high.” Van de Poppe goes on to say that, from the…

Bitcoin

Ripple vs. SEC Lawsuit Over? Is Settlement Expected on April 16th?

Ashley Prosper, a crypto enthusiast deeply engaged with XRP, sparked a conversation with a detailed Twitter post outlining various developments in the ongoing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC). She noted an important opinion from the 2nd Circuit Court stating that the SEC cannot force disgorgement without financial loss to investors. This principle could directly affect the SEC’s case against Ripple, where no clear financial harm to investors has been proven. Prosper highlighted an unexpectedly scheduled settlement conference following the SEC’s failure to outline investor losses in their remedies and judgment brief. This conference…

Regulation

Ankr and Brevis coChain partner to enhance web3 networks with ZK

Ankr and Brevis coChain join hands to revolutionize Web3 with zero-knowledge technology. Brevis enables smart contracts to utilize blockchain data securely for innovative applications. Ankr’s RaaS platform enhances scalability and interoperability for decentralized services. Ankr, a leading player in the blockchain space, has teamed up with Brevis coChain to revolutionize Web3 networks. The collaboration marks a significant milestone in the blockchain industry, as it aims to address key challenges such as scalability, security, and interoperability. Pioneering ZK technology coprocessing technology Brevis coChain, renowned for its zero-knowledge (ZK) coprocessing technology, brings a game-changing solution to the table. By leveraging ZK coprocessing,…

Blockchain

Theta partners with Aethir to launch largest hybrid GPU marketplace for AI and DePIN

Distributed cloud GPU network project Aethir and Theta EdgeCloud, the hybrid cloud computing platform powered by Theta Edge Network, are preparing to launch the largest hybrid GPU marketplace for developers and enterprises. The collaboration aims to provide unprecedented global GPU compute capabilities, with the potential to deliver 20-30 times greater power than any comparable network in the industry today, according to people familiar with the matter. Theta Network, originally focused on decentralized video delivery, has been gradually integrating AI and video processing capabilities into its platform. The pivot towards AI was notably highlighted with the announcement of the EdgeCloud platform,…

Altcoins

Expert Says It Looks Like Ripple and SEC Have Reached a Settlement

Popular XRP community member and expert Ashley Prosper highlights several factors suggesting that the multi-year legal tussle between the SEC and Ripple has ended in a settlement, but this remains speculative. Ashley Prosper made this known in a recent X post. “I can’t say that Ripple and the SEC have reached a settlement. But, I CAN say… it looks that way,” Prosper remarked. Factors Backing Prosper’s Assertions The prominent XRP community member further highlighted several factors he believes support his assertion. First, he mentioned the recent Second Circuit ruling in the SEC v. Govil lawsuit, where the court denied the…

Regulation

Blockchain for Good Alliance launched at Blockchain Life Dubai

The Blockchain for Good Alliance (BGA) announced its official launch on April 15 at the Blockchain Life Dubai event. Describing itself as a collaborative network of organizations, projects and individuals committed to using blockchain technology to solve global social, environmental and economic issues, BGA partners with blockchain-based organizations of virtually every stripe. These include Bybit Web3, Solana Foundation, Aptos, Moledao, Harvard Blockchain Club, ICP.Hub UAE, American University of Sharjah (AUS), Coineasy, Libera, Edu3Labs, Alchemy Pay, Bu Zhi DAO and XueDAO. According to the website, the newly created organization will act as an incubator for blockchain technology. This will provide networking…

Blockchain

Liquid Restaking Protocol Puffer Raises $18M, Led by Brevan Howard, Electric Capital

Liquid restaking protocol Puffer has raised $18 million in a Series A funding round, the company said Tuesday. The round was led by Brevan Howard Digital and Electric Capital, with investments from Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, Fidelity, Mechanism, Lightspeed Faction, Consensys, Animoca and GSR, the company said in a press release. The fresh round of capital will be used to help launch Puffer’s mainnet. Prior to this, Puffer raised $5.5 million in a funding round co-led by Lemniscap and Lightspeed Faction. Puffer is the second-largest liquid restaking protocol behind Ether.Fi, and is part of a class of…

DeFi