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.

OKX Integrates Kusama’s KSM Token into On-Chain Earn Product

OKX, the premier cryptocurrency exchange and leading Web3 technology company, announces its latest updates on April 3, 2024. At this time, the company revealed that OKX has integrated Kusama’s KSM token into its On-Chain Earn product. On April 3, 2024, 11:00 a.m., OKX users get a simple means to earn their on-chain rewards. OKX Introduces Key Features to On-Chain Earn for Enhanced User Experience There are some key features of On-Chain Earn such as no subscription caps, simpler operational processes for a real user experience, and authentic on-chain annualized earnings. Users who want to stake KSM on On-Chain Earn must…

ExchangesApr 4

Linear Finance Partners with Chainlink for Secure Cross-Chain $LINA Transfers

Linear Finance, a leading cross-chain compatible asset protocol, has announced its integration of Chainlink CCIP (Cross-Chain Interoperability Protocol) to facilitate secure cross-chain transfers of $LINA tokens. This integration spans the BNB Chain and Ethereum mainnets, enabling users to stake $LINA from multiple chains seamlessly. .@LinearFinance is integrating #Chainlink CCIP across @BNBChain and @ethereum as its exclusive solution to secure cross-chain LINA transfers. Why Linear Finance is upgrading to the industry-standard CCIP ⬇️https://t.co/ZywRJXRQHj — Chainlink (@chainlink) April 3, 2024 Linear Selects Chainlink CCIP for Seamless and Secure Cross-Chain Integration Chainlink CCIP was chosen as the preferred interoperability solution due to its…

BlockchainApr 4

Top Analyst Issues Bitcoin Warning, Says Monthly Close Below This Level Would Be Catastrophic for BTC

A top trader who rode the 2023 crypto breakout warns that Bitcoin (BTC) bulls have about a week to avert a potentially catastrophic scenario. Pseudonymous analyst DonAlt tells his 532,100 followers on the social media platform X that Bitcoin’s monthly chart is very close to flashing a strong bearish signal. The trader shares a chart showing that BTC was rejected at the high time frame resistance of $70,000, suggesting that Bitcoin’s multi-month rally from around $20,000 may be coming to an end. “Monthly needs to close green otherwise that’s a strong sell signal on the most important high time frame…

BitcoinApr 4

the systemic risk of USDe

In recent days, the attention of the DeFi world has been monopolized around the emerging project Ethena Protocol and its flagship product USDe, both at the center of a dispute between the MakerDAO and Aave communities. The possibility of using USDe to generate high returns is contrasted with the fear of facing the next UST-style stablecoin, miserably depegged during the Terra/Luna ecosystem collapse. What’s happening? Let’s see everything in detail below. MakerDAO adds USDe, Ethena’s synthetic dollar: the Aave community is not happy about it Aave does not share MakerDAO’s vision and proposes to remove DAI from its lending platform…

DeFiApr 4

Mad Dog Jones' Drops Stellar New NFT Collection on Nifty Gateway

INVNT GROUP unveils an electrifying collaboration with renowned artist Michah Dowbak, popularly known as 'Mad Dog Jones,' presenting his latest NFT collection titled "Fallen Gravity." — Powered by INVNT.ATOM, INVNT GROUP's digital innovation and Web3 agency, this collection, available exclusively on Nifty Gateway, promises collectors an immersive experience inspired by space and the enigmatic cosmos. The artwork transcends conventional boundaries, offering animated artworks, prints, and NFTs, with one drop featuring embedded Star Songs curated by Artemis Music Entertainment and destined for space alongside personalized messages. Reflecting on his inspiration, Mad Dog Jones shares, "Fallen Gravity encapsulates the essence of venturing…

NFTApr 4

Solana-Based Crypto Exchange Drift Plans Pre-Launch Market for New Tokens

Drift Protocol is opening up a "pre-launch market" for trading tokens that have not yet started trading. The first token with a market will be Wormhole's upcoming W. There's soon to be a marketplace on Solana for trading tokens that don't yet exist. Drift Protocol – a crypto spot and futures exchange that operates on the Solana (SOL) blockchain – plans to expand into "pre-launch markets," too, with a service that lets traders bet on the price of tokens before they start officially trading. There's plenty of such assets to choose from these days. A coterie of crypto startups on…

AltcoinsApr 4

Lithuania’s Fintech Haven to Cull Crypto Firms Under New Licensing Rules

Lithuania intends to implement a rigorous licensing process for crypto companies currently operating within its jurisdiction. This initiative, scheduled to commence next year, is expected to result in the removal of many digital asset companies. Bloomberg reported Wednesday that about 580 cryptoasset firms are currently registered in Lithuania. However, Simonas Krepsta, a member of the central bank’s board, anticipates that a lower number will ultimately be successful in securing full operating licenses. According to Krepsta, the licensing process is scheduled to wrap up by June 2025. Applications that do not meet the established criteria will be excluded from Lithuania’s crypto…

RegulationApr 4

Largest US Crypto Exchange Coinbase To Integrate The Bitcoin Lightning Network

Lightspark, led by CEO David Marcus, former President of PayPal, has been selected by Coinbase, the largest US cryptocurrency exchange, to integrate the Bitcoin Lightning Network onto its platform. This integration is set to enable Coinbase customers to conduct instant and cost-effective bitcoin transactions. Thrilled to announce that @Coinbase has selected @Lightspark to enable the #Bitcoin Lightning Network across its platform and services. Yet another significant milestone for Lightning! ⚡to many millions of new people and 100+ countries coming soon! https://t.co/Dj5JDqdmOl — David Marcus (@davidmarcus) April 3, 2024 “Coinbase is committed to making the global financial system faster and more…

ExchangesApr 4

$1 Trillion Ethereum L2 Valuation Predicted by VanEck

New York-headquartered financial giant VanEck recently outlined its $1 trillion base case valuation case for Ethereum layer-2 (L2) solutions. L2s solve the scalability problem by handling most transactions off the main blockchain. The main types of L2s include zero-knowledge roll-ups (ZKUs) and optimistic roll-ups (ORUs). In its lengthy report, VanEck predicts that L2s will be able to surpass Ethereum in terms of revenue due to the former's limited transaction throughput. With that being said, the firm is bearish on the lion's share of L2 tokens since they are not the base money in the crypto ecosystem. VanEck believes that a…

BlockchainApr 4

Why Did Inflows to Bitcoin Spot ETFs Dry Up? Analysts Comment

Inflows into the 11 new Bitcoin ETFs that received regulatory approval in the US in January reversed this week. A significant $850 million has flowed out of ETFs, causing investors and market watchers to question whether this is a temporary glitch or a sign of a larger pullback for the world's largest cryptocurrency. Fund inflows into ETFs had previously increased the Bitcoin price to a record level of $73,000 this year. However, the recent decline in its price has dampened investors' interest in ETFs, and bitcoin fell as low as $60,760 at one point this week. “People looked at how…

BitcoinApr 4