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's Rising Validator Count Is Causing Concerns, Fidelity Digital Assets Says

Ethereum’s active validator set has risen by 74%, Fidelity Digital Assets wrote. Too many validators is causing concerns about bandwidth risks and centralization. More validators is normally viewed as a good problem as it represents increased adoption, but it is impossible to accurately predict future staking demand, the report said. The rapidly rising validator count on the Ethereum blockchain following the Shapella upgrade in April last year is causing concerns about technical capacity and centralization, Fidelity Digital Assets wrote in a research report on Thursday. Fidelity noted that “with the lowered risk from increased liquidity, the active validator count has…

EthereumMar 29

Tether enters AI race with pledge to build open-source LMMs to combat Big Tech

Tether, the company behind the world’s largest stablecoin USDT, has announced a strategic expansion into artificial intelligence, as reported by the company on March 26. With a market cap of $104 billion, Tether aims to lead the development of open-source, multimodal AI models and integrate AI solutions into market-driven products. The move comes amid growing concerns over the monopolization of AI technologies by the likes of Microsoft, Facebook, and Google. Tether data, a new subsidiary of Tether, is positioning itself as a champion of transparency and privacy in AI model development. The company plans to focus on three key areas:…

MarketsMar 29

Here’s How Much 10K, 50K, 100K or 500K XRP Would be Worth If It Hits $4 or $9

XRP has set itself on a recovery path following the latest market collapse, as a resurgence of optimism leads to a sustenance of the HODL culture in anticipation of greater prices. Despite XRP’s failure to achieve a significant price surge, XRP has demonstrated resilience by maintaining its position comfortably above the crucial psychological threshold at $0.60. Although the recent market downturn posed a threat to breaching this level, XRP exhibited noteworthy stability. As the cryptocurrency strives to regain ground lost in recent days, investor confidence remains robust. Consequently, market stakeholders have maintained their positions in anticipation of ambitious price milestones,…

AltcoinsMar 29

Coppola-Backed Decentralized Pictures to Launch DCP+ Film Streaming Service

Blockchain-based film funding platform Decentralized Pictures is gearing up to launch its own in-app streaming service, DCP+, with a beta release "in the next month or so." "With the power that is in the hands of some of the distribution channels these days, it's very important to give folks a way to showcase their work to the world and monetize it in a fair and transparent way," Decentralized Pictures co-founder Leo Matchett told Decrypt. He explained that the 501(c)(3) non-profit's streaming offering would enable filmmakers to "distribute their content 100% free, on-chain and auditable and immutable." DCP+ will be integrated…

BlockchainMar 29

Pudgy Penguins ‘.pudgy’ domains become Web2

Web3 domain service Unstoppable Domains (UD) announced today that Pudgy Penguins’ ‘.pudgy’ domain is the next top-level domain (TLD) to become ‘Web2’, becoming equivalent to domains such as ‘.com.’ This move is made viable via a partnership between UD and the Internet Corporation for Assigned Names and Numbers (ICANN). After the Pudgy Penguins-related ‘.pudgy’ domain was successfully launched as Unstoppable’s 10th branded Web3 domain in February, the brand started strategizing alongside UD for the upcoming registration of .pudgy as an ICANN-registered generic top-level domain (gTLD), standing alongside such iconic legacy addresses as .com, .net, .org, .biz, .info, and others. “We…

NFTMar 29

What’s Holding the Price Back From $4,000?

Considering the Pi Cycle Top Indicator, the ETH price analysis suggests that Ethereum could see more corrections before attempting to reach the $4,000 mark again. Additionally, the Net Unrealized Profit/Loss (NUPL) indicates it’s still distant from the euphoria zone, hinting at a potential period of consolidation in the near future. Furthermore, the Exponential Moving Average (EMA) Lines reveal prices converging closely, suggesting that there is strong support at the current levels, which may stabilize ETH prices before any significant upward movement. Ethereum Pi Cycle Shows An Important Scenario ETH trajectory on the Pi Cycle Top Indicator suggests a brewing consolidation…

EthereumMar 29

OrdinalsBot secures $3 million seed funding to turbocharge Bitcoin inscriptions ecosystem

Ordinals infrastructure platform OrdinalsBot said it raised over $3 million in its seed funding round to enhance opportunities within the broader Bitcoin ecosystem, according to a March 26 statement shared with CryptoSlate. The funding round was led by DACM, with significant contributions from Eden Block and Nural Capital. Notable participants include WWVentures, Lightning Ventures, and Oak Grove Ventures. With this latest funding injection, OrdinalsBot’s total funding now amounts to $4.5 million, as it had raised more than $1 million for its pre-seed funding. OrdinalsBot launched last year after the Ordinals protocol became one of the primary narratives within the crypto…

MarketsMar 29

Shiba Inu Predicts Taking Over Doge with ‘Secret Wags’

Shiba Inu is steadfast in its pursuit of exceeding Dogecoin in valuation, with the development team asserting that Dogecoin’s reign as the leading meme coin is counting down. Dogecoin Days Are Numbered The Shiba Inu team reiterated their conviction about surpassing Dogecoin in a recent post on X. It comes amid trading platform CryptoCom spotlighting SHIB as the second most valuable meme-inspired project. Reacting to CryptoCom’s highlight, the Shiba Inu team noted that SHIB merely occupies position two today but is on track to be number one. In particular, the team remarked, “[Number] 2 today, but the Doge days are…

AltcoinsMar 29

Bitcoin mining difficulty drops following historical maximum

As a result of the next recalculation, the difficulty of Bitcoin mining decreased by 0.97%, with an indicator of 83.13 T. The average hashrate for the period since the previous value change was 599.71 EH/s. The range between blocks is 10 minutes and 7 seconds. Mining difficulty determines the required total hardware capacity for mining Bitcoin (BTC). An increase in this indicator brings the halving date of the first cryptocurrency closer. Under certain conditions, it may occur in April 2024. According to Glassnode, the seven-day moving average peaked at 614.9 EH/s on March 24. After that, it corrected to 586.1…

MiningMar 29

JIGO BRC-20 NFTs surge in daily sales

Bitcoin’s JIGO BRC-20 NFTs topped the non-fungible token market with a sales increase of 46.81% in the 24 hours to 1 p.m. ET to reach US$1.96 million. The collection witnessed substantial growth in market activity, with the number of transactions rising by 60.20% to 157 on Thursday, according to CryptoSlam data JIGO helped Bitcoin retake the top spot from Ethereum as the daily sales leader for NFTs. Other notable movements in the NFT market include Solana’s Mad Lads, which experienced a 54.94% increase in sales to US$1.92 million and a 65.85% jump in transactions to rake in the second-highest volume…

NFTMar 29