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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.

Shiba Inu Achieves New Milestone as Total Addresses Hit 4M

Shiba Inu continues to attract the interest of crypto investors, leading to a spike in its total addresses. Recent data from crypto analytics platform IntoTheBlock (ITB) shows a massive surge in Shiba Inu’s total addresses. According to resource, Shiba Inu’s total addresses have surpassed the 4 million mark, representing a significant milestone for the doggy-themed cryptocurrency. The current figure suggests that Shiba Inu has added over 200,000 addresses since March 1. As of March 1, Shiba Inu’s total addresses stood at 3.8 million. While Shiba Inu’s total addresses are currently above 4 million, the number of addresses holding a portion…

Altcoins

Blockchains still aren’t great at communication

One of the prerequisites for the mass adoption of blockchain technology is interoperability — the ability to pass data between distinct blockchain and blockchain-like systems. Numerous interoperability projects have established themselves today, and many are growing at an incredible rate. Indeed, it’s only a matter of time before the number of cross-chain messages is measured in trillions. Blockchain interoperability has never been more ubiquitous. In January 2024, more than $23 billion worth of assets were locked in cross-chain bridges on Ethereum alone. Clearly, our industry’s early adopters — affectionately called Web3 enthusiasts — are keen to explore new ecosystems as…

Blockchain

$314 Million BTC Transferred From Coinbase to Unknown Wallet

In a surprising turn of events, the tranquility of Sunday afternoon was shattered as a substantial amount of Bitcoin was swiftly withdrawn from Coinbase, one of the United States' largest cryptocurrency exchanges. According to Whale Alert, a whopping 4,799 BTC, valued at approximately $314.13 million, made its way from Coinbase to an undisclosed wallet, sparking curiosity and speculation within the crypto community. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 4,799 #BTC (314,132,844 USD) transferred from #Coinbase to unknown wallethttps://t.co/CGp1plzM87 — Whale Alert (@whale_alert) March 17, 2024 Delving into the on-chain data, it was revealed that this hefty…

Bitcoin

Vitalik Buterin Reveals Technology That Will Help Ethereum's Main Network

Vitalik Buterin recently discussed a technology that could significantly enhance Ethereum's main network. This technology involves switching Ethereum's current system to "Verkle trees," making the network more "zk-friendly" — in other words, more compatible with zero-knowledge proofs, which are methods of proving knowledge of some information without revealing that information itself. Buterin points out the current limitations with "keccak Merkle Patricia trees," part of Ethereum's underlying structure. The main issue is the enormous "witness sizes" — the amount of data needed to prove a transaction — which can be up to 300 MB. Such sizes are impractical for processes that…

Ethereum

Avail, Blockchain Data Availability Project, Sketches Out Eligibility for Token Airdrop

Avail, a closely watched blockchain data-availability project currently running on a test network, is sketching out the eligibility criteria for a token airdrop – a move that would follow in the footsteps of the rival data project Celestia, whose own token has gained a market capitalization of more than $1 billion. A screenshot of a document describing the eligibility criteria for the airdrop was posted on the social-media platform X by the user @Bitcoineo, and Avail’s public-relations team flagged the tweet to CoinDesk, describing it as a "leak." A project spokesperson said that the Avail team was not available to…

Blockchain

Cryptocurrency Exchange CEO Speaks About The Recent Decline In Bitcoin: “Looks Healthy”

Kris Marzsalek, CEO of cryptocurrency exchange Crypto.com, recently shared his views on the current state of the Bitcoin market. In an interview with CNBC's Squawk Box, Marzsalek said he believes Bitcoin's recent price correction is a 'healthy' part of the market cycle. Since last year, Bitcoin price has increased by more than 150%. Marzsalek attributes this rise mainly to inflows into Bitcoin ETFs: “This is a very successful product. “There is a supply problem, so this needs to be reflected in the price.” The price of Bitcoin recently fell from its all-time high of around $73,000 to around $65,000. Marzsalek…

Bitcoin

‘ SHIBARMY Is on FIRE’ After ‘6 Months of UNBELIEVABLE Growth’

Shiba Inu (SHIB), recognized for its expansive initial token issuance, is on a mission to mitigate the abundance of circulating tokens via a method known as “burning.” This deliberate action effectively renders SHIB tokens unusable, permanently eradicating them from the supply with the aspiration of enhancing the value of the remaining tokens through induced scarcity. To accomplish this, Shiba Inu has adopted two primary approaches for token burning: Manual Burns: In this method, both the Shiba Inu community and its developers have the liberty to send SHIB tokens to a designated “burn wallet.” This wallet, while publicly accessible, lacks a…

Altcoins

Whales Dive In as $3,000 Support Falters

As Ethereum, the second largest cryptocurrency by market capitalization, experienced a rapid price decrease, a fascinating development emerged: Ethereum whales began to accumulate massive amounts of ETH, showcasing a strategic play in the face of uncertainty. The term "whale" is used to describe individuals or entities that hold a significant amount of a cryptocurrency, and their recent action in the wake of a broader market downturn has prompted attention and speculation across the crypto community. As the Ethereum price sharply fell to lows of $2,850 on April 13, on-chain data captured a strategic accumulation made by an ETH whale or…

Ethereum

“The Fabled” Joins Immutable for a Groundbreaking Gaming Launch

Octavian Studios, known for its veteran team drawn from top industry giants like EA, Ubisoft, and Bandai Namco, is gearing up to redefine gaming with its latest venture, “The Fabled”. This promising title is designed to blend the deep, engaging combat of Dark Souls with the rich storytelling akin to Skyrim, all powered by the cutting-edge web3 technology provided by Immutable. Revolutionizing Gaming with The Fabled “The Fabled” is not just another addition to the gaming universe. It is a culmination of intense gameplay, meticulous world-building, and gripping narratives. Set for a Q4 release this year, the game has been…

GameFi

AI Colliding with Blockchain? Mike Novogratz Supports Reddit Founder's Stunning Prediction

In a recent post on the X social media network, Galaxy Digital CEO Mike Novogratz called attention to a recent post by Reddit co-founder Alexis Ohanian, in which the former describes the potential convergence of artificial intelligence (AI) and blockchain. According to Ohanian, one technology is creating "an indisputable need" for the other. He explains that the internet is currently inundated with images that are generated with the help of AI. In fact, a 2023 study shows that 150 years worth of images were created in the span of just a single year with the help of such text-to-image generators…

Blockchain