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.

Ethereum Could Face 'Hidden Risks' From Ballooning Restaking Market: Coinbase

EigenLayer is now the second largest DeFi protocol with $12.4 billion in TVL, the report said. Restaking and liquid restaking tokens could pose additional risks compared to existing staking products. Restaking champions the open innovation of Ethereum and will become a core part of the ecosystem’s infrastructure, Coinbase said. Restaking has grown into the second largest decentralized finance (DeFi) sector on the Ethereum blockchain and promises to be a core part of the ecosystem’s infrastructure, but it could bring hidden risks, Coinbase (COIN) said in a research report on Tuesday. “EigenLayer’s staking protocol is poised to become the bedrock for…

EthereumApr 3

Over 53m SOL were transferred to a wallet marking a new chapter in the ‘meme coin frenzy’

After BOME's impressive success, see why users are eagerly placing their SOL in a subsequent pre-sale, involving wallet transfers. A Solana (SOL) address received over 53 million SOL in four hours after its owner, who identifies itself as Kero on X (formerly Twitter), announced the pre-sale of a soon-to-be token named SNAP on Mar. 15. The amount is worth over $9.6 million. Asking for a minimum of 1 SOL, Kero shared his wallet address for X users to send SOL and be eligible to receive SNAP, capping the offer at 50 million SOL. However, the cap was surpassed, and Kero…

AltcoinsApr 3

Indian Media Leverages Blockchain Tech to Verify General Election News

A Taiwanese blockchain tech firm is teaming up with journalists to fact-check the upcoming election in India in a battle against digital deception. Numbers Protocol says it employed the same approach during the 2020 US presidential election and the Jan. 2024 Taiwan presidential elections. In the lead-up to the Indian general election starting April 19, a collaborative effort will see partnered news outlets and photojournalists capture content on location. This content will then be uploaded onto a blockchain platform using Numbers Protocol’s suite of tools, specifically Capture Cam and Capture Dashboard. These tools aim to enhance the credibility of captured…

BlockchainApr 3

Skywards Proposes Adding sUSDe Ethena To Aave V3 On Ethereum

Skywards, a prominent organization in the DeFi ecosystem, has put forward a proposal to integrate a staking version of Ethena’s synthetic dollar, sUSDe, into Aave V3 on Ethereum. This proposal follows the consensus reached during the TEMP CHECK phase and signals potential improvements to the Aave protocol. sUSDe offers a stable crypto solution with profitable income opportunities, making it an attractive asset for borrowers in the Aave ecosystem. Risk parameters for the integration will be provided by Chaos Labs, highlighting Aave’s commitment to robust risk management practices. Notably, Skywards is promoting this proposal by emphasizing community-driven decision-making and transparency in…

DeFiApr 3

Ethereum stakers exit Lido for Ether.fi, Renzo

While Ethereum prices fell over 4% in the last 30 days, ETH holders have pivoted away from Lido Finance into restaking protocols. According to a Dune Analytics dashboard tracking staking activity, Lido Finance had the highest Ethereum (ETH) outflow among similar protocols in the past month. The page created by researcher Hildobby indicated that stakers withdrew over 284,800 ETH from Lido’s platform. Nevertheless, Lido retained its dominance over the Ethereum staking sphere with a 29.7% market share. On-chain data revealed that ETH stakers are flocking to liquid restaking protocols. Lido recorded the largest monthly outflows, while Ether. fi and Renzo…

EthereumApr 3

Gomble Games Raises $10 Million to Build the Future of Web3 Gaming

In a bold move that marries the thrill of gaming with cutting-edge blockchain technology, Gomble Games, an offshoot of the illustrious game studio ‘111%’, has announced a whopping $10 million in funding. This significant financial injection, with contributions from high-profile investors like Spartan, Hashed, and Animoca Brands among others, propels Gomble Games into the forefront of the burgeoning Web3 gaming arena. Gomble Games’s origins trace back to ‘111%’, a studio that has left an indelible mark on the gaming landscape with viral sensations such as Random Dice and BBTAN. These games have not only captivated over 100 million players worldwide…

GameFiApr 3

Coinbase and Binance Shed 76,179 BTC in Less Than 2 Months

Recent figures show that over a span of 44 consecutive days, 76,179 bitcoins, worth $5.41 billion, have been moved out of Coinbase and Binance, the two leading cryptocurrency exchange and custodial firms by reserve size and total trade volume. Robinhood Bucks Trend With Bitcoin Inflows as Coinbase and Binance Face Outflows A significant volume of bitcoin (BTC) is currently in the possession of two prominent players in the cryptocurrency arena, as data shows that Coinbase and Binance collectively manage roughly 1,570,863 BTC, valued at $111 billion, as of Sunday, March 31, 2024. This stockpile represents 7.98% of the total circulating…

ExchangesApr 3

Ant Group’s ZAN Becomes Core Chain’s Validator to Fortify Blockchains’ Security in Asia-Pacific

Ant Group’s Web3 security solutions provider ZAN has become a validator on Core Chain – EVM-compatible blockchain secured on Bitcoin. The strategic partnership with validators reinforces blockchains’ security and decentralization, Core Foundation told Cryptonews via mail. Core Foundation that aims to create a secure and decentralized ecosystem for dApps, has become one of the first projects to leverage ZAN’s enterprise node service. Alibaba’s Ant Group revealed its blockchain development brand ZAN in September last year, with a focus on serving institutional and individual clients in overseas markets, particularly Hong Kong and Singapore. According to Core Initial contributor Brendon Sedo, the…

BlockchainApr 3

Analyst Forecasts Bitcoin To Hit $100,000 In High-Speed

Cryptocurrency expert and analyst Doctor Profit has identified regions that are vital for Bitcoin (BTC) presently, which could possibly propel the crypto asset’s price to unprecedented heights at a very fast pace. For the most part, the cryptocurrency community is concerned about the way that Bitcoin’s price has performed during the last week. Nonetheless, Doctor Profit’s latest weekly update on the crypto market and Bitcoin has provided optimism for investors within the crypto space. Bitcoin For A Massive Leg Up To $100,000 In his analysis, Doctor Profit explores the Life Cycle Assessment (LCA), psychological analysis, and technical analysis (TA) of…

BitcoinApr 3

Uniswap goes live on Blast network

Leading decentralized exchange Uniswap announced today it has expanded to the Blast network, a layer 2 solution offering native yield for ETH and the USDB stablecoin. The expansion enables Uniswap users to swap and provide liquidity with lower gas costs and faster transaction speeds compared to the Ethereum mainnet. Ready for takeoff Uniswap is now live on Blast💥 pic.twitter.com/uukRWHnY8K — Uniswap Labs 🦄 (@Uniswap) April 2, 2024 “This launch marks the first time Uniswap users can earn native yield on LP positions, due to Blast’s rebasing functionality,” said Uniswap in a Tuesday announcement. To access Uniswap on the Blast network,…

DeFiApr 3