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.

MoonPay joins Base ecosystem, Enhancing NFT marketplaces!

MoonPay is delighted to announce a new strategic cooperation agreement with Base, a layer two solution, and a project incubated by Coinbase. Its mission is to improve the digital payments ecosystem on Base. Users and developers should enjoy a seamless, safe, and dependable purchasing experience as a result of this coordination, which is expected to transform the way traditional markets—like OpenSea, the top peer-to-peer NFT marketplace in the world—handle transactions. A plethora of benefits targeted at lessening the stress of obtaining digital artifacts are brought about by the integration of MoonPay Checkout into the Base ecosystem, which significantly improved user…

BlockchainApr 13

VeChain's NFC-Chip Gloves Elevating UFC Experience to 900 Million Global Viewers

The buzz around tokenizing real-world assets (RWA) is reaching new heights, especially with the recent entry of Blackrock into the arena. VeChainThor, a stalwart in the blockchain space, stands out as a beacon of success in this realm. Partnering with giants like Walmart, BMW, and PwC, VeChain has been at the forefront of delivering tangible blockchain solutions. Now, they're taking their expertise to the octagon. — VeChain's collaboration with the UFC goes beyond marketing. What started as a visibility boost in 2022 has blossomed into a full-blown technological integration. Enter UFC300: the stage for unveiling fighter gloves embedded with VeChain-powered…

AltcoinsApr 13

Ripple Top Lawyer Highlights Continuing Defeats

In a significant development for Ripple and the broader cryptocurrency industry, the Second Circuit Court of Appeals has refused to reconsider its decision in the case of the SEC v. Govil, marking a continued series of losses for the U.S. Securities and Exchange Commission (SEC). Stuart Alderoty, Ripple's Chief Legal Officer, highlights the SEC's run of defeats following the recent blow. Alderoty underlines the significance of the most recent court ruling, which held that if a buyer suffers no financial loss, the SEC is not entitled to disgorgement from the seller. This viewpoint might be particularly relevant to Ripple's lawsuit,…

RegulationApr 13

Ethereum’s L2 boost in scalability surpassed 1.000% since Dencun update

The “Blobs” introduced in Ethereum’s recent Dencun update made layer-2 (L2) blockchains boost the network scalability by over 11 times, according to a report by Brazilian digital bank Inter. Blobs are spaces within Ethereum blocks dedicated to receiving data from L2 chains, such as Arbitrum, Optimism, and Base. Ethereum's L2 boost in scalability surpassed 1.000% since Dencun update Transactions per second (TPS) evolution over time. Image: Inter The report mentions a significant growth in Base’s transactions per second (TPS) count, which reached 300 to 400 TPS since Dencun. On average, L2 networks registered an average of 156.12 TPS since March…

EthereumApr 13

Crypto trading volumes surpass $5.3 trillion in 2024 Q1

Crypto trading volume surpassed $5.3 trillion in 2024’s first quarter, according to data from DefiLlama and The Block. Centralized exchanges (CEX) saw $4.8 trillion in volume in the period, while decentralized exchanges (DEX) amassed $523 billion. The CEX sector grew by 96% between quarters, while decentralized platforms captured 76.5% more volume. March was the best month in the quarter for centralized and decentralized exchanges, with $2.5 trillion and $264.3 billion in trading volumes respectively. When compared to the same period in 2023, DEX volumes are 82.5% up in trading volume, with CEX right behind with an 81% rise. Binance’s dominance…

ExchangesApr 13

Concerns Raised Over China’s Influence on US Bitcoin Mining Infrastructure

Amidst growing concerns about national security and infrastructure vulnerabilities, China’s role in the cryptocurrency sphere has become a focal point of discussion. Historically, the U.S. has taken firm actions against perceived threats from Chinese technology companies such as Huawei and TikTok. The stakes are higher with cryptocurrencies, as Bitcoin mining operations could potentially serve as a hardware layer that’s deeply integrated into critical U.S. systems, including energy and telecommunications infrastructures. Chinese Firms Control ASIC Markets Bitcoin mining, the process of introducing new coins into circulation and securing the network, relies heavily on sophisticated computing systems. These systems require high-performance semiconductors…

MiningApr 13

Boosting crypto data & user base

As layer 1 chains become more meticulous, it’s clear that layer 1 protocols form the bedrock of blockchain technology. These blockchains are essential worldwide, ensuring fundamental security and agreement. The upcoming upgrades in Layer 1 also pave the way for developments in Layer 2 and Layer 3 protocols. Birdeye recently included Sui in their chain offerings alongside SOL and key EVM chains, showcasing their expansion into cutting-edge technologies with Sui transaction speeds and scalability. This move allows Birdeye to tap into newer horizons and expand its user base within an evolving network. Sui operates as a Layer 1 (L1) blockchain…

BlockchainApr 13

Bitcoin Correction May Continue if ETF Inflows Disappoint in Next Few Days: 10x Research

U.S.-listed spot bitcoin ETFs attracted record inflows last week, but the trend is slowing. BTC may drop to as low as $59,000 if ETF inflows fell short of expectations, 10x Research said. Spot bitcoin (BTC) exchange-traded funds (ETF) in the U.S. notched record inflows last week, but weaker demand in the next day or so could trigger the next leg down for bitcoin's price, according to crypto analytics firm 10X Research. The 10 ETFs combined pulled in $2.6 billion in fresh funds in the five days ended March 15, per data from Farside Investors, but most of the net inflows…

BitcoinApr 13

5,300 new tokens are launched daily in 2024: CoinGecko

Over 540,000 tokens were created as of early April, averaging 5,300 new tokens daily in 2024, according to a CoinGecko report. This rapid pace has already surpassed half of the 830,000 new tokens from the previous year, indicating a potential record-setting year for token launches. The proliferation of crypto, now exceeding 2.5 million, represents a 5.7-fold increase from the 440,000 at 2021’s close. The milestone of one million crypto was first reached in September 2022, ending the year at 1.15 million and registering a 159% year-on-year growth. The trend continued with a 72.3% increase to 1.98 million by the end…

AltcoinsApr 13

StanChart-Backed Zodia Markets’ Co-Founder Applauds Abu Dhabi’s Crypto Regulators, Calls Out UK’s Lag

Zodia Markets’ co-founder, Nick Philpott, praised Abu Dhabi’s crypto regulations, emphasizing the “remarkable” degree of interaction with regulatory authorities in the region. Philpott contrasted his experience in Abu Dhabi with the UK’s regulatory environment, noting the latter’s process is significantly slower with more complex requirements. “There were long delays in terms of entities getting their registrations with the Financial Conduct Authority under the anti-money laundering laws,” he told Cryptonews in an interview Thursday. Similarly, he noted that Ireland’s central bank had just as much of a cautious approach. While the number of approved entities may have reached the low double…

RegulationApr 13