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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.

$620 million liquidated as Bitcoin breaks below $64k

Update: A further $90 million was liquidated since press time, bringing the total liquidations to $623 million over the past 24 hours. $67 million longs and $23 shorts were liquidated in the past hour. The market has weathered $542 million in Bitcoin and crypto liquidations over the past 24 hours as Bitcoin fell below $64,000 for the first time in roughly two weeks. On March 6, Bitcoin wicked down below the mark before continuing upward to record new all-time highs repeatedly. Most liquidations were longs at $454 million, with just $87 million in short liquidations. Bitcoin made up $156 million…

Bitcoin

Bitcoin ETF catalyzing broader merge of TradFi, crypto: BlackRock exec

The US spot bitcoin ETFs have moved forward the broader coming-together of traditional finance and crypto, according to an executive at the world’s largest asset manager. Speaking at a panel during Blockworks’ Digital Asset Summit in London on Tuesday, BlackRock managing director Tony Ashraf noted the impact of having large financial players wrapping bitcoin into an ETF. Going the other way, crypto industry firms and innovations are starting to evolve traditional finance via asset tokenizations, a process that involves bringing physical and financial assets on-chain. Read more: TradFi, DeFi convergence continues through tokenizing real-world assets “We have a duality between…

Bitcoin

Staking Provider P2P Launches Staking-as-a-Business for Institutions

Staking provider P2P.org said it has gone live with its Staking-as-a-Business (SaaB) model for institutions. The offering aims to help platforms like exchanges, wallet providers and custodians add staking and decentralized finance (DeFi) services to their businesses to diversify avenues of growth. The company said it currently has more than 1 million staked ether (ETH) and recently surpassed $7.4 billion in total value locked, or TVL. Staking allows cryptocurrency investors to put their holdings to work by earning passive income without needing to sell them. Institutional staking operates in the same manner but en masse. There are non-custodial and custodial…

DeFi

Shiba Inu Leads BTC, ETH, DOGE, and BCH On Robinhood

Shiba Inu ranks first in Robinhood’s leaderboard for the top 10 cryptos with the most gains this week. Shiba Inu (SHIB) has continued to stir in the crypto market following its recent jaw-dropping performance. The canine-themed token’s price spiked to $0.00004500 on March 5 after embarking on a parabolic run. Despite losing a large percentage of its gain, Shiba Inu is sitting comfortably as the 10th biggest cryptocurrency, with a market cap of $20.91 billion. Shiba Inu Outperforms DOGE, ETH, and BTC Interestingly, Shiba Inu secured the first position among the top 10 crypto assets with the most weekly gains…

Altcoins

Vietnam Implements Regulations for Virtual Assistants and AI Applications

Vietnam’s Deputy Minister of Information and Communications (MIC), Nguyen Phu Tien, has said that the government is building and implementing rules and regulations covering artificial intelligence, specifically virtual assistants. According to the minister, the implementation of these regulations will be drastic. The announcement was made at a press conference on April 8 in Hanoi. Vietnam’s progress in regulating AI Back in January 2021, the Vietnamese prime minister issued a resolution on the “National Strategy for Research, Development, and Application of Artificial Intelligence until 2030.” Under this mandate, MIC is tasked to suggest and improve the laws and regulations that are…

Regulation

This Fortnite-Like Ethereum Game Is Adding a Doge World

Kabosu, the fluffy Shiba Inu behind the immortal “Doge” meme, has inspired a $28 billion meme coin, a holy pilgrimage, and a bronze statue erected in her Japanese hometown. Now, she’s being honored with perhaps the grandest gesture yet: a sizable chunk of a digital game world. Ethereum-based battle royale game OpenSeason has announced that it will soon feature a custom Doge-themed biome—a “realm where every nook and cranny barks the tale of Kabosu, the Doge, our beloved Shiba Inu," according to a blog post. The dog-dedicated digital environment for the Fortnite-like PC shooter was crafted in collaboration with Own…

GameFi

Circle Announces Exclusive Partnership with HEC Paris

Circle, a worldwide financial tech platform, has recently announced its latest collaboration with HEC Paris. The partnership reportedly focuses on the establishment of a research center called “HEC Paris Center on the Future of Money and Digital Assets.” The company took to its official account on X to announce the respective development. 1/ We are delighted to announce that we have partnered with the prestigious @HECParis to launch the 'HEC Paris Center on the Future of Money and Digital Assets.’ 👇https://t.co/x4uslBUFk6 pic.twitter.com/9vb3sH5Ebw — Circle (@circle) April 8, 2024 Circle and HEC Paris Collaborate to Establish a Research Center for Digital…

Blockchain

Human Rights Foundation Grants $500,000 To 14 Bitcoin Projects Worldwide

Today, the Human Rights Foundation (HRF) announced its most recent round of Bitcoin Development Fund grants, according to a press release sent to Bitcoin Magazine. $500,000 is being granted across 14 different projects around the world focusing on global education, Lightning Network development, decentralized communications, and providing nonprofits and human rights groups with an easier onramp to "financial freedom tools," per the release. The main areas of focus for these grants center around Latin America, Asia, and Africa. This announcement comes only a few months after their last round of grants in December, also donating $500,000 to worldwide Bitcoin projects.…

Bitcoin

What does Avraham Eisenberg’s ‘code is law’ defense mean for DeFi?

As the trial of Avraham Eisenberg gets underway in the US, the legal credibility of decentralized finance (DeFi) as an autonomous financial system is at stake. Eisenberg is accused of fraud after extracting around $112 million from the Mango Markets protocol in 2022. The implications of the case are very different from the trial of Sam Bankman-Fried, which didn’t set any new precedents; fraud and money laundering are always illegal. Yesterday, during opening statements, Eisenberg’s lawyer argued that Mango Markets worked as designed and that Eisenberg simply “executed a winning trading strategy.” This argument is often made in the wake…

DeFi

Jito Tip Revenue on Solana Reaches New High of 9.32K SOL: Report

According to a recent post shared by Colin Wu, a Chinese crypto journalist, the Jito tip revenue on Solana reached 9.32k SOL on March 6. The revenue amount valued at $1.2 million has reportedly marked a new high. In his Wu Blockchain page on X, Wu illuminated Jito’s fake tip vulnerability, which led to the MEV Bot using fake tips. Jito tip revenue on solana revenue reached 9.32k SOL (valued at $1.2m) on March 6, setting a new high. However, the recent Solana MEV Bot problem has been serious. Jito has a fake tip vulnerability, which resulted in the MEV…

Altcoins