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.

NEAR Will Hire AI Engineers As Part Of Its AI Roadmap

NEAR Protocol, a leading layer 1 blockchain platform, is taking a bold step towards creating user-owned artificial intelligence (AI). As part of its impressive 3-6 month roadmap, NEAR has announced plans to hire AI engineers. This strategic move aims to position NEAR at the forefront of the intersection of AI and blockchain. Company co-founder Illia POLOSUKHIN spoke about this during a virtual meeting with key NEAR employees. Polosukhin has extensive experience as an AI researcher and software engineer. The NEAR protocol’s dedication to user-owned AI sets a new standard in the blockchain industry. By hiring AI engineers and leveraging new…

AltcoinsApr 15

Sushi deletes discussion of law firm amid long restructuring

Recently, the SushiSwap community voted on a proposal that signaled support for transferring nearly the entirety of the treasury from the DAO to a ‘Labs’ entity. Sushigov.eth, the operational multisig for SushiSwap, voted for the first time in a governance proposal, voting ‘Yay’ with 5.5 million SUSHIPOWER, the largest individual voter, and approximately 30% of the votes in favor. Recently, sushigov.eth received significant quantities of Sushi, including approximately 1.9 million on April 4, from 0x4bb4c1B0745ef7B4642fEECcd0740deC417ca0a0, an address that resolves to *🍣👨‍🍳.eth. It also received an additional 1.78 million Sushi on April 3, as well as two additional deposits of 1.9…

DeFiApr 15

Huawei Cloud joins Cardano ecosystem to scale Web3 solution in Asia and Africa

Cardano’s blockchain partner EMURGO has formed an alliance with Huawei Cloud to promote Web3 solutions through Cardano. EMURGO announced this new collaboration with Huawei in an official press statement today, April 11th. According to the report, the alliance aims to promote the adoption of Cardano-based Web3 solutions throughout Asia and Africa. As part of this alliance, EMURGO will establish a Cardano validator node on the Huawei cloud, effectively integrating Huawei’s cloud infrastructure into the public Cardano blockchain ecosystem. Additionally, this collaboration will allow Cardano developers to leverage Huawei Cloud’s extensive computing resources to build Web3 solutions. Cardano will gain access…

AltcoinsApr 15

El Salvador President Nayib Bukele Revealed When They Would End Buying “1 Bitcoin Every Day”

El Salvador President Nayib Bukele shared a strong message that his country continues to embrace Bitcoin. The Central American country, which came to the fore last year by being the first country to accept Bitcoin as legal tender, has been purchasing 1 Bitcoin every day since November 17, 2022. “We decided to transfer the bulk of our Bitcoin to a cold wallet and store this cold wallet in a physical vault on our national territory,” Bukele said in a recent statement. He called this strategy “the first Bitcoin piggy bank.” Bukele also shared another message after this cold wallet application…

BitcoinApr 15

Crucial XRP Ledger (XRPL) AMM Amendment Goes Live on Mainnet: Details

The newly launched Automated Market Maker (AMM) engine on XRP Ledger (XRPL) has received a major new update. Dubbed the "fixAMMOverflowOffer," the update was launched on the mainnet after a stress test voting period that saw it reach a 100% consensus. XRPL AMM amendment The fixAMMOverflowOffer was released in v2.1.1, and it hopes to fix the improper handling of large synthetic AMM offers in the payment engine. The XRP Ledger in itself is evolving at a very fast pace, a trend that has necessitated the launch of related engines that can help it match up with other competing layer-1 blockchain…

AltcoinsApr 15

Navigating Through $67K to a Potential $100K Milestone

Bitcoin’s recent price dip to $67,000 marks a pivotal moment for investors and traders alike. Despite a 3.5% decrease, technical analysis suggests a possible test of the $59,000 support level, indicating a volatile yet upward trajectory. “The journey to $100K is fraught with volatility, but the underlying support at $47,200 remains a beacon of hope,” experts claim. This analysis delves into Bitcoin’s current market dynamics, exploring potential movements and the critical support levels that could dictate its path to $100,000. Deciphering Bitcoin’s Current Dip BTCUSDT Daily Chart on Bitstamp Bitcoin’s recent downturn to $67,000 reflects a broader market sentiment influenced…

BitcoinApr 15

Challenges Facing Bitcoin Mining Stocks

In a recent LinkedIn post, David Duong, Head of Institutional Research at Coinbase, offers a window into the performance of various Bitcoin investment strategies following the launch of ten spot Bitcoin ETFs in the United States on Janaury 11. According to Duong, investing directly in Bitcoin, with reference to the CME Bitcoin Reference Rate NY, has yielded a significant return of 57% for investors. This observation points to a robust period for Bitcoin’s market valuation and investor confidence. Similarly, the introduction of US-based spot Bitcoin ETFs has closely aligned with this positive trend, achieving an AUM weighted return of 59%.…

BitcoinApr 15

Analyst Warned, “Soon Bitcoin’s Volatility May Run Out”, Explained Why

Bitcoin, the world's largest cryptocurrency, may soon lose its status as a volatile asset, according to Bitwise Asset Management Chief Investment Officer Matt Hougan. Hougan attributes this change to the significant decline in Bitcoin's price fluctuations over the past decade. Hougan explained that the current Bitcoin market is fundamentally fueled by a simple supply-demand imbalance. “We have a huge new source of demand coming from these ETFs, and we have an inelastic supply,” Hougan told CNBC's “ETF Edge” on Monday. The first Bitcoin exchange-traded funds (ETFs) began trading on January 11. Since then, the BTC price has increased by more…

BitcoinApr 15

Making Strides Towards eIDAS 2.0 Compliance with the EU Identity Wallet

UniMe’s recent update introduces a History feature and enhances credential management, making strides towards eIDAS 2.0 compliance. Integration of IOTA support in the upcoming update highlights a significant move towards interoperable European Identity Wallets. Impierce Technologies has recently upgraded their UniMe – Identity Wallet app, emphasizing the addition of a new History feature and the enhancement of user experience in credential management. Developed by Impierce Technologies with inputs from Digital Zen’s Andrew Brough (renowned for Firefly, Selv, and other IOTA projects) and Filancore, UniMe is set to incorporate IOTA support in its upcoming update, aiming to augment interoperability with diverse…

AltcoinsApr 15

Coinbase Executive Made a Comment

Coinbase UK CEO Daniel Seifert described the launch of Bitcoin ETFs in the US as a 'tremendous turning point' for the global cryptocurrency industry in a recent interview. He also described the upcoming launch of cryptocurrency Exchange-Traded Notes (ETNs) in the UK as a 'positive step' forward. Seifert had previously discussed the potential of crypto ETNs with UK Treasury Economic Secretary Bim Afolami at a Coinbase event. He expressed his belief that these financial instruments will be beneficial for the crypto industry and can help the UK become a major hub for cryptocurrency. The UK's market regulator, the Financial Conduct…

BitcoinApr 15