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.

Coinbase's Top Lawyer Urges Congress to Pass Stablecoin Bill

In a recent post on the X social media network, Paul Grewal, chief legal officer at Coinbase, has urged Congress to pass stablecoin legislation if the US wants to be serious about a negligible percentage of illicit finance that is conducted with the help of cryptocurrencies. Grewal's comment came in response to the testimony published by Wally Adeyemo, the US deputy secretary of the Treasury, that focuses on countering illegal use cases of crypto. In his testimony, Adeyemo has noted that bad actors have increasingly started using cryptocurrencies as a tool for hiding their identities. In such a way, it…

RegulationApr 11

A Gateway to Onchain Wizardry

Chainlink, a leading blockchain platform, has announced the launch of the Chainlink Block Magic Hackathon: “Become an Onchain Wizard”. Aimed at first-time developers venturing into blockchain development, this hackathon offers a unique opportunity to immerse oneself in the world of coding for blockchain applications. Unlocking Opportunities for Aspiring Developers The Chainlink Block Magic Hackathon presents a plethora of opportunities for participants. Firstly, winners of the hackathon stand a chance to join the exclusive Chainlink BUILD program, gaining access to invaluable startup support and mentorship. Additionally, standout projects have the potential to be promoted across Chainlink’s extensive network, providing exposure to…

BlockchainApr 11

Is the Fall in Bitcoin the Last Buying Opportunity? Bernstein Analysts Commented on the Fall Before Halving!

As Bitcoin's correction continues, investors are wondering if BTC has bottomed out and when it will rise again. At this point, Bernstein analysts, evaluating the correction in BTC, said that this decline was a buying opportunity. According to The Block, Bernstein analysts said that the more than 10% price correction in Bitcoin presented a temporary “dip buying opportunity.” Saying that every decline is an opportunity, analysts said that the rise in Bitcoin will continue, but there will be more consolidation before the halving in April. Bernstein analysts Gautam Chhugani and Mahika Sapra stated that BTC will continue its bull rally…

BitcoinApr 11

An Introduction to EigenLayer and Ether.fi

Key Takeaways Ether.fi and EigenLayer enable ETH holders to maximize their staking returns by combining restaking and DeFi yield opportunities. Because these protocols are new, they are higher risk. Investors can start exploring Ether.fi and EigenLayer with modest deposits (never stake more than you are willing to lose). Think of Ethereum like a high-interest savings account, with a twist. By depositing your Ether (ETH), it gets locked up for a certain period (similar to a money market or CD). This locking, or “staking,” helps secure the Ethereum network. In return for staking your ETH, you earn staking rewards (similar to…

DeFiApr 11

Shiba Inu Burns 13,400,000,000 SHIB, 19.5K BONE, and 28.7 LEASH

The Shiba Inu ecosystem team has initiated another hefty burn, incinerating over 13,400,000,000 (13.4 billion) SHIB tokens, 19,561 (19.5K) BONE, and 28.75 LEASH tokens in four transactions. Members of the SHIB community were stunned in the early hours of today after the Shiba Inu ecosystem team incinerated huge amounts of its ecosystem tokens. 13.4B SHIB Burned In a startling development, the Shiba Inu ecosystem team incinerated over 13.4 billion SHIB tokens worth $485,000 at the time of writing this line. The tokens were burned in two transactions, each consisting of 9.64 billion and 3.81 billion SHIB tokens, respectively. Interestingly, the…

AltcoinsApr 11

Financial Stability Study Calls for Consistent Regulatory Response to Stablecoins

Countries around the world must ensure consistency in their approaches to regulating stablecoins, a new report by the Financial Stability Institute says. Differing approaches could pose challenges to an integrated financial system, the FSI added in its report. Countries need to make their regulatory frameworks for stablecoins consistent with one another, the Financial Stability Institute (FSI) warned in a report published Tuesday. The FSI, jointly created by the Bank for International Settlements and the Basel Committee on Banking Supervision, is tasked with assisting regulators worldwide in strengthening their financial systems. The institute's report on policy implementation insights for stablecoins –…

RegulationApr 11

The Battle for Supremacy in a Trillion-Dollar Market

The cross-border payment industry is expected to reach $250 trillion by 2027 as Ripple, Stellar, Swift, etc race for dominance. It is reported that this industry grew by $25 trillion to reach $150 trillion between 2018 to 2022. The battle for supremacy in the cross-border payment industry hits a new level as Stellar, Ripple, Cardano, Hedera, Swift and FedNow double down efforts with innovations. According to a report, the industry grew by $25 trillion to reach over $150 trillion between 2018 to 2022. This is almost the entire size of the global technology industry in 2023. As disclosed in a…

BlockchainApr 11

Llama 3 Is Coming in May—Should OpenAI Be Worried?

At a high-profile AI event in London, Meta executives on Tuesday provided the first official confirmation and details about the imminent release of Llama 3, the highly-anticipated next iteration of the company's open-source large language model. "Within the next month, actually less, hopefully in a very short period of time, we hope to start rolling out our new suite of next-generation foundation models, Llama 3," Nick Clegg, Meta’s president of global affairs, announced at Meta AI Day London, reported TechCrunch. Clegg said Llama 3 consists of "a number of different models with different capabilities, different versatilities" that will begin rolling…

MetaverseApr 11

Here are Three Main Reasons Why Bitcoin Is Falling

The Bitcoin slump to the $63,000 region may be largely fueled by macroeconomic uncertainties and increased outflows from Grayscale’s GBTC. The price of Bitcoin has dropped by 7% in the past 24 hours, raising concerns among participants that the market has reached its short-term top. While that thesis remains up for speculation, some factors contributing to the downtrend have come to limelight. Three Reasons Why Bitcoin Is Falling The downturn in Bitcoin’s price is largely attributable to an overdue market correction, given that the leading cryptocurrency has almost gone from $39,000 to $73,000 without any widely significant retracement. Beyond that…

BitcoinApr 11

Wormhole's Solana Token Plunges 50% After Massive Airdrop

We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Decrypt’s Art, Fashion, and Entertainment Hub. Barely a week after its massive debut airdrop, cross-chain protocol Wormhole’s native W token has tumbled off a cliff—plummeting over 50% in value. At writing, the price of W has fallen to $0.82. That’s down a stark 50.6% since the token launched last week at $1.66. Most of that value has been shed steadily over the last week. W is down only 4.5% in…

DeFiApr 11