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.

deBridge launches points program for decentralization, community engagement

The deBridge protocol has launched a point system to empower its community by recognizing contributions across its ecosystem. Nearly three years into its mission, deBridge reports exponential growth in volumes, transactions, users, partners, and supported chains. “Everyone who has used a deBridge product has contributed to our mission and deserves recognition for our collective success,” the company said in a blog post. The points are structured to reward early supporters and active contributors alike without encouraging exploitative behavior. Points are awarded for using the deBridge protocol, including through its app and integrations, and all fees contribute to the treasury. 1/…

BlockchainApr 10

Bitcoin Halving Is a ‘Show Me the Money’ Moment for Miners

“Show me the money.” The notorious phrase from 1996’s “Jerry Maguire” movie is on the lips of investors watching the state of the Bitcoin mining market as it faces its next crunch point: April's Bitcoin Halving. Mining, an integral part of securing the bitcoin network, requires a lot of capital to operate profitably. And now, after a brutal crypto winter and with the upcoming halving next month, many investors have turned sour on what once was an outrageously profitable business, drying up capital for the miners. This feature is part of CoinDesk’s “Future of Bitcoin” package published to coincide with…

BitcoinApr 10

Nomic and Babylon Unveil stBTC for DeFi Advancement with Bitcoin Liquid Staking

Nomic, a well-known name in the cryptocurrency market, shakes up the industry with the recent launch of stBTC. It is a Bitcoin Liquid Staking Token created by Babylon, another Cosmos chain-based project focused on a Bitcoin staking protocol. The invention has a potential to change the decentralized finance game while also benefiting from the initial phases of the technology. Introducing $stBTC, a Bitcoin Liquid Staking Token powered by @babylon_chain.https://t.co/b7duK3MBVs — Nomic (@nomicbtc) April 10, 2024 Nomic and Babylon Advance Bitcoin in DeFi with stBTC Both Nomic and Babylon are currently participating in various Bitcoin and Cosmos ecosystem initiatives. This cooperation…

DeFiApr 10

Pioneering the Future of Modular Compute and ZK-RaaS Platforms

OKX Ventures has announced a strategic investment in Lumoz, an avant-garde modular compute layer and Zero-Knowledge Rollup as a Service (ZK-RaaS) platform. This move reflects the increasing maturation of Zero-Knowledge (ZK) scaling technology and a growing industry demand for zero-knowledge proof computation solutions. Lumoz has already made significant strides in the Layer 2 ZK-Rollup sector, boasting partnerships with prominent networks like ZKFair and BTC Layer 2 platform, Merlin Chain. As the industry anticipates a surge in new ZK-Rollups, Lumoz’s modular compute layer stands out for its ability to alleviate the high computational costs typically associated with zero-knowledge proof (ZKP) computation.…

MarketsApr 10

Render (RNDR) surges to new ATH ahead of biggest AI event of 2024

Render (RNDR), a top decentralized GPU-based rendering and AI processing solution, is one of the best performing AI related tokens today. The price of RNDR, the project’s native token, has spiked more than 17% in the past 24 hours and 54% in the past week. On March 9, 2024, Render’s price crossed the $10 level to hit a new all-time high above $11.97. Render CEO to speak at NVIDIA’s GTC 2024 Render, which also allows for decentralized applications across digital rights management (DRM) and non-fungible tokens (NFTs), is attracting growing attention amid a broader rally for AI crypto. These tokens…

AltcoinsApr 10

Blockchain dApps activity rose 77% in Q1: DappRadar

The number of average daily Unique Active Wallets (dUAW) in Web3 reached 7 million in 2024’s first quarter, according to the “State of the Dapp Industry Q1 2024” report by DappRadar. This represents a 77% increase when compared to the last quarter, with a notable shift being the 9% rise in the social sector, driven by social decentralized applications (dApps) that incentivize user participation through quests and potential airdrop rewards. The decentralized finance (DeFi) sector had an average of 1.3 million dUAW, fueled by activity in recently launched chains like Base and Blast. The report highlights that this interest in…

BlockchainApr 10

Bitcoin's Bull Run Continues as Peter Brandt Signals Healthy Correction

Since the beginning of the week, Bitcoin's price has experienced a notable decline of over 8%, marking a notable correction in its recent surge. This dip manifested itself in a fat red candle on the trading charts, with prices falling to $62,900, the lowest level witnessed in the past two weeks. The fall in the price of the main cryptocurrency by an almost double-digit percentage figure caused fear, uncertainty and doubt among market participants, when many began to consider whether the unrestrained growth of recent months was coming to an end. Veteran trader Peter Brandt weighed in on the current…

BitcoinApr 10

South Korean Youth Crypto Investment Driving Many to Debt – Report

South Korean youth debt is on the rise, with crypto investments leading many desperate young people to bankruptcy courts, new data shows. Per Hankyoreh, on April 5, the Seoul Rehabilitation Court released a report on debt-related cases for the Financial Year 2023. The report’s authors noted that there had been a 31% rise in “personal rehabilitation” applications in FY2023. The authors noted that “crypto investment” and “stock market purchases” were driving a rise in case numbers for people aged 20-29. South Korean Youth: Crypto Investments Going Wrong? The Seoul Bankruptcy Court compiles an annual Personal Rehabilitation and Bankruptcy Case Statistical…

MarketsApr 10

Expert Outlines Factors That Will Make XRP Succeed and Propel Its Price

Renowned crypto author Panos Mekras has outlined factors he believes will contribute to XRP’s success and influence its market value, diverging from the prevailing anticipation surrounding a potential lawsuit settlement and ETF listing. Mekras, Co-founder of Anodos Finance, expressed this sentiment amid the wave of pessimism directed towards XRP. Famous crypto investigator Mr. Huber called attention to this trend in a recent post on X. “XRP is Dead” Campaign Huber observed a chorus of “XRP is dead” reverberating within the XRP community due to its lagging performance compared to its counterparts. For instance, XRP has increased 19% over the past…

AltcoinsApr 10

The BitVM Liquidity Crunch Issue

BitVM has recently come under some scrutiny after the Taproot Wizards, Tyler and Rijndael, posted their criticism of the liquidity requirements imposed on the operator of a BitVM based two-way peg. In all the recent discussions around BitVM based layer two solutions, I had taken for granted that people discussing them and interested in the design space understood the collateralization/liquidity requirements imposed by the architecture on the operator(s). The recent discussion around the “liquidity crunch” issue shows me I was incorrect about this assumption, and that many people outside of those actively involved in BitVM development were not aware of…

BlockchainApr 10