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Author: 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 Ventures Makes Strategic Investment in StakeStone

OKX Ventures, a prominent figure in the cryptocurrency investment sector, has recently announced its strategic investment in StakeStone. It is an emerging omnichain liquidity distribution network. This investment marks a significant milestone in the evolution of liquidity infrastructure within the cryptocurrency ecosystem. Earlier, OKX announced a partnership with Galaxe. We are happy to announce the strategic partnership with @Stake_Stone !#Stakestone focuses on establishing STONE as the standard for #omnichain liquidity assets and building a liquidity market for the application layer.https://t.co/5vAnKofwZr#Restaking pic.twitter.com/tVXA912isi — OKX Ventures (@OKX_Ventures) March 26, 2024 StakeStone Aims to Establish STONE as Standard for Omnichain Liquidity StakeStone’s primary…

Markets

Masa Network Unveils Integration with LayerZero, Boosting Cross-chain AI Data Interoperability

In a groundbreaking development for the blockchain and artificial intelligence industries, Masa Network, a pioneer in decentralized personal data management, has officially announced its integration with LayerZero, a leading interoperability protocol. This integration is poised to revolutionize the way blockchains communicate, enabling the seamless flow of information across different platforms and significantly enhancing the capabilities of the decentralized AI data economy. Masa Network, renowned for its innovative approach to data privacy and control, aims to redefine personal data ownership in the digital age. By integrating with LayerZero, Masa Network will facilitate cross-chain communication across a variety of blockchain networks, starting…

Blockchain

Blob base fee surges, Ethereum misses slots as ‘BlobScriptions’ go viral

On Wednesday morning, the website Ethscriptions created a way to mint inscriptions on EIP-4844 blobs, which are cost-saving packets of data introduced in Ethereum’s recent Dencun upgrade. As with other blockchains that have received the inscription treatment, so-called BlobScriptions have heavily driven up the price of blockspace — or in this case, blobspace. Since Dencun, the base fee for a blob, or the minimum gas price needed for a blob to be included in the next Ethereum block, has been one wei, an Ethereum-denominated price that is equivalent to a fraction of $0.01. Today, the blob base fee climbed above…

Ethereum

Soaring U.S. Debt Means Potential for Liz-Truss-Style Market Shock, CBO Warns

Unattended mounting U.S. debt concerns means potential for a Liz-Truss style market chaos, Phillip Swagel, director of the Congressional Budget Office told Financial Times. Debt concerns may have helped bitcoin and gold rally to record highs amid elevated interest rates worldwide, analysts said. In 2022, former U.K. Prime Minister Liz Truss announced radical economic measures, including deep tax cuts and billions of pounds of spending even as surging government debt called for fiscal prudence. The result was market chaos, with the British pound (GBP) crashing to record lows against the U.S. dollar (USD) and the collapse of Truss' government, the…

Markets

Banks like Citi adopt blockchain and tokenization in private markets

In collaboration with Wellington and WisdomTree, Citigroup Inc. conducted a simulation regarding the tokenization of private funds in blockchain wagering. This endeavor was designed to demonstrate how a blockchain network can tokenize a private equity fund. Wall Street may embrace distributed ledger technology on a broader scale if the A/B testing proves fruitful. Chainlink, a decentralized blockchain oracle network provider, formed a partnership with SWIFT, an interbank messaging service, in mid-2023, with the purpose of establishing a connection to Sepolia, a widely recognized Ethereum testnet. This collaboration supported the tokenization testnet. In less than two months after launching their new…

Blockchain

Seasoned Analyst Reveals Ethereum Spot ETF Approval Prediction for May: “Unlikely This Year”

Cryptocurrency market maker GSR revised its forecast for the approval of a spot Ethereum ETF in May, reducing the probability to just 20%. That's a significant drop from the firm's estimate in January, which put the chance at 75%. “We now believe there is a 20% chance that the SEC will approve a spot Ethereum ETF in May,” GSR analyst Brian Rudick explained the revised forecast in a note published today. According to GSR Research Analyst Matt Kunke, the previous optimistic outlook was attributed to Grayscale's Court of Appeals victory and the approval of Ethereum Futures ETFs in October. Rudick…

Ethereum

BlackRock’s New Tokenized Fund Brings TradFi, Crypto Closer: Bernstein

BlackRock last week unveiled its first tokenized fund on a public blockchain. The investment manager has involved key institutions from both the TradFi world and the crypto sector. On-chain funds could be a new category of growth for asset managers, Bernstein said. The launch of BlackRock’s (BLK) first tokenized fund on a public blockchain is significant because of the way in which the asset manager has brought in key ecosystem partners from both the TradFi world and the crypto sector, broker Bernstein wrote in a research report on Tuesday. As part of a growing trend of digitizing mutual funds and…

Markets

While Great Volatility Persists in Bitcoin, There Are Unusual Surges in the Trading Volumes of 5 Altcoins in South Korea

On a day of increased volatility in Bitcoin, Upbit, South Korea's largest cryptocurrency exchange, reported unusual increases in trading volumes of several altcoins. The 4-hour chart for The Graph (GRT) showed a significant increase in trading volume. On Upbit, average 50 4-hour volume increased from $30 million to $55 million, an increase of 81.86%. On the other hand, volume on Binance increased from an average of $26 million to $37 million, an increase of 42.28%. PlayDapp (PDA) saw a massive 340.04% increase in 1-hour trading volume on Upbit, jumping from an average of $19 million to $85 million. However, volume…

Altcoins

Copper.co has forged a collaboration with Aptos Foundation

Copper.co, one of the absolute prime players in the digital asset custodian vertical, has collaborated with Apotos Foundation to advance the growth of incorporated blockchains. The incorporation will bring custody and in-built staking backing for Aptos, a separate L1 blockchain base created for upgradability, security and dependability in a decentralized network and builder ecosystem. Aptos on its part, is a delegated proof of stake (DPoS) L1 that utilizes the AptosBFTv4 consensus protocol. As per the agreement, the positioning of Aptos on the Copper base will provide the option for the customers of Copper to take advantage of the easy availability…

Blockchain

NYCC to Revolutionize Fashion Industry with Enjin Blockchain at NFT.NYC 2024

In an exciting fusion of fashion and technology, the New York Culture Club (NYCC) is set to leave an indelible mark at the NFT.NYC 2024 event, showcasing its innovative blend of style and cutting-edge technology. As a digital pioneer within the fashion industry, NYCC is at the forefront of integrating various technological solutions such as RFID/NFC technologies, augmented reality (AR), and virtual reality (VR) experiences into the fabric of lifestyle branding. This integration not only celebrates personal expression but also heralds a new era of interconnectedness in our digital age. A testament to its innovative spirit, NYCC has recently become…

NFT