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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.

Vitalik Buterin Shares Take on Verkle Trees Coming to Ethereum

The conversations around Ethereum (ETH) and its data storage for optimal functionality have made it to crypto X with Polygon co-founder Mihailo Bjelic and Vitalik Buterin debating the possibilities. The conversation started with Bjelic posting a question in which he sought to know if developers are sure it is right to switch Ethereum to Verkle trees, given that its zk-fication is quite likely. Wading into the conversation, Vitalik Buterin said, "ZK-ifying keccak merkle patricia trees with worst case 300 MB witness sizes is a non-starter." Notably, the Merkle Patricia trees form the current or primary data structure that is being…

Ethereum

Binance Announces the Altcoin It Chose for the 52nd Launchpool Project! BNB Mobilized After the Announcement!

Binance, one of the world's leading cryptocurrency exchanges, announced that the latest project added to Binance Launchpool is Omni Network (OMNI). Binance Launches Omni Network (OMNI) on Launchpool OMNI is a layer 1 blockchain that aims to seamlessly integrate Ethereum's rollup ecosystem into a unified system. During the four-day farming period, users will have the opportunity to stake Binance Coin (BNB) and stablecoin FDUSD in separate pools to obtain OMNI tokens. Farming activity will start at 03:00 on April 13, 2024. After the farming phase, Binance will officially list OMNI tokens on April 17, 2024 at 15:00. Trading pairs for…

Exchanges

Bitcoin to $5 Million? S2F Creator Gives Epic BTC Price Prediction

Bitcoin has been projected to reach an extraordinary $5 million in value given the current trajectory of upcoming halving events and other market sentiments. Renowned analyst PlanB recently took to X to unveil his striking price predictions for Bitcoin, based on his widely-followed Stock-to-Flow (S2F) model. According to PlanB's projections, the upcoming halving cycles are poised to usher in unprecedented price surges for Bitcoin. In the 2020-2024 halving cycle, PlanB anticipates Bitcoin's price to hover around $50,000. Looking ahead to the 2024-2028 halving cycle, he foresees Bitcoin soaring to an astonishing $500,000. Meanwhile, in the subsequent 2028-2032 halving cycle, PlanB…

Bitcoin

Ripple X Dev Unveils Native Lending Protocol Proposal for XRPL

Ripple X Dev recently announced on X that the long-awaited proposal for Native Lending Protocol on the XRP Ledger is finally up for review and feedback from the general public. Ripple’s Chief Technology Officer, Joel Katz, has also expressed enthusiasm for the proposal, highlighting its potential to revolutionize the XRPL’s utility. Expanding DeFi Capabilities The XRPL proposal introduced by developers Aanchal Malhotre and Vito Tumas aims to enhance the platform’s De-Fi capabilities and promises to expand financial inclusivity and transparency within the Ripple ecosystem. The proposed XRP Ledger Native Lending Protocol allows users to borrow and lend digital assets directly…

Altcoins

Aussie court drops billionaire’s Meta crypto scam case

Australian prosecutors have dropped mining billionaire Andrew Forrest’s criminal case against Meta in which he was seeking reparations over a series of crypto scam advertisements that used his face. According to a spokesperson for the Commonwealth Director of Public Prosecutions (CDPP), there was insufficient evidence to continue Forrest’s prosecution against the tech giant. The CDPP, representing Forrest’s case, reportedly made a submission to the chief judge to discontinue the case after receiving the brief. In response to the case’s termination, Forrest said it was “a tragedy for innocent parents and grandparents who have lost their life savings.” Read more: Google…

Regulation

Nexo Lists Pendle (PENDLE) as It Sees 90% TVL Surge

Nexo, a leading regulated digital assets institution, has announced the listing of Pendle’s native token, PENDLE, on its platform. This strategic move comes as Pendle experiences a remarkable surge in Total Value Locked (TVL), which has increased by nearly 90% over the past month. PENDLE is an inflationary utility token specifically designed to enhance liquidity within the Pendle decentralized exchange. .@pendle_fi's $PENDLE is available on Nexo! Let's explore. ⬇️$PENDLE serves as an inflationary utility token aimed at enhancing liquidity in the @pendle_fi decentralized exchange, designed to extract yield from productive assets, enabling yield trading and hedging activities.… pic.twitter.com/v9OvG1bbFS — Nexo…

Exchanges

Chainlink Functions Launches on Base, Propelling Smart Contract Innovation to New Heights

In a groundbreaking move today, Chainlink Functions, a revolutionary product developed by Chainlink, has officially launched on Base—a rapidly scalable layer-2 blockchain fostered by Coinbase and anchored by Ethereum. This integration heralds a new era for smart contract developers on Base, providing them with unparalleled access to trust-minimized computing infrastructure. With Chainlink Functions, developers can effortlessly interface their smart contracts with external APIs and execute customized co]mputations, all within the secure confines of Base’s ecosystem. Empowering Developers with Decentralized Compute Solutions Chainlink Functions introduces a serverless, developer-friendly platform tailored to the needs of the blockchain community. This innovative tool empowers…

Blockchain

Bitcoin ETFs' Hot Start Seems Largely Driven by Retail Investors

Data suggests that most of the demand for spot bitcoin ETFs has so far come from retail investors. The average trade size of BlackRock's iShares Bitcoin Fund (IBIT), according to one source, is 326 shares, or around $13,000, suggesting that those trades were made by nonprofessional investors. Billions of dollars have flowed into spot bitcoin (BTC) exchange-traded funds since they were launched in January and sentiment around the cryptocurrency has simultaneously improved – a case where reality appears to have matched the hype. This number wouldn’t be so shocking if that money was coming from big institutions, but, according to…

Bitcoin

Donald Trump's First Edition NFT Collection Sees 99% Trading Volume Drop

According to statistics from OpenSea, there have been zero transactions in the last seven days. The second edition of Trump’s digital trading has done better than the first. Even though Donald Trump seems to have warmed up to cryptocurrencies and bitcoin after releasing his initial set of digital trading card NFTs in late 2022, demand for the NFTs has undoubtedly waned. Trading volumes for NFTs have been rather steady in recent months, according to The Block Data Dashboard, while they are still low compared to the 2021 bull run. Disastrous Performance According to statistics from OpenSea, there has been zero…

NFT

These Two Altcoins Will Be Hardest Hit by Monday’s Hong Kong Bitcoin Earthquake

Analysts have observed that China-linked tokens such as VeChain and Neo are being used as proxy tokens for Hong Kong's ambition to become a leading Asian crypto hub. This comes amid speculation that Hong Kong regulators may soon greenlight spot ETFs for Bitcoin and ETH. In line with expectations, both tokens achieved significant weekly gains. However, both altcoins lost some of their weekly gains due to the decline in the market. Wintermute analysts evaluated the situation of these altcoins as follows: “VeChain and Neo are seen as representatives of demand in Asia, especially in the retail and fast money circles.…

Altcoins