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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.

Vitalik Buterin pushes for anti-correlation incentives in Ethereum staking

Ethereum co-founder Vitalik Buterin has proposed a new framework to incentivize Ethereum decentralization by penalizing correlated failures among validators. According to the research proposal submitted by Buterin, large-scale staking groups, and organizations have an undue advantage over smaller players, creating an imbalance in the decentralized staking sector. “The theory is that if you are a single large actor, any mistakes that you make would be more likely to be replicated across all “identities” that you control, even if you split your coins up among many nominally-separate accounts,” the Ethereum co-founder said. Buterin suggests that validators controlled by the same entity…

Ethereum

Shibarium Loses 98.4% of Transactions Amid SHIB Price Dump

Shibarium, the layer-2 solution developed within the Shiba Inu ecosystem, has witnessed a staggering decline in transaction volume, plummeting by a remarkable 98.4% in less than three days. Data from Shibariumscan reveals a stark drop from over one million transactions to a mere 9,330 in the past 24 hours, marking a concerning trend for the network. This downturn comes on the heels of a significant downturn in the price of the Shiba Inu token (SHIB). After experiencing a meteoric 375% surge in the first half of March, SHIB's value nosedived over the subsequent two weeks, erasing nearly a third of…

Altcoins

The bitcoin halving is just weeks away — here’s how miners have prepared

Mining companies are bracing themselves for the bitcoin halving — a time expected to weed out the segment’s less efficient operators, and those with trouble accessing capital. Per-block mining rewards are set to drop from 6.25 bitcoin (BTC) to 3.125 BTC on or around April 20. Such an event occurs roughly every four years. Read more: The next bitcoin halving is coming. Here’s what you need to know While some industry players are expected to struggle, other firms have made it clear they intend to take advantage of buying opportunities and set themselves up for future growth. Such vision takes…

Mining

Bitwise files for a spot ether ETF

Bitwise filed for a spot ethereum ETF on Thursday. The company, which launched a spot bitcoin ETF back in January, also has an ethereum futures ETF, known as the Bitwise Ethereum Strategy ETF (AETH). The potential issuer dropped its 19b-4 and S-1 documents side-by-side Thursday, following Fidelity, which filed its S-1 for its proposed fund earlier this week. Unlike some of its potential competitors, the Bitwise S-1 lacks any language around staking. Ark 21Shares, Fidelity and a few others included such language in earlier filings. Read more: Ark 21Shares amends spot ether ETF proposal to include staking language Bitwise would…

Ethereum

Telegram trading bots force crypto traders to sacrifice self-custody for UX

Trading bots managed via the crypto-friendly messaging app Telegram often require users to input their private keys so they can make trades on their behalf. The increasing numbers of these bots suggest that meme coin traders are happy to forgo one of crypto’s core tenets, self-custody, to smooth the process of buying into the latest hot token. After all, when betting on the next crypto moonshot, it’s best to be early. The likes of Maestro, BonkBot, and Banana Gun significantly reduce friction when ape-ing into the next WIF, and some are specifically designed to ‘snipe’ freshly launched tokens. Rather than…

Markets

Dogecoin Founder Reveals ‘Secret’ of Meme Coin Making

Billy Markus, who made the iconic meme cryptocurrency Dogecoin in collaboration with Jackson Palmer, has published a tweet, sharing the “technology” used by those who are launching various small-cap meme coins these days. He also explained why he is not planning to buy any of these meme cryptocurrencies. In another tweet, Markus shared his wallet address, jokingly offering people to send him SOL meme coins. On the Twitter/X network, Markus is known as “Shibetoshi Nakamoto.” DOGE founder not going to buy any meme coins Billy Markus published an ironic tweet, offering the crypto community to send him SOL meme coins…

Altcoins

Hut 8 reports 32% revenue increase amid Bitcoin rally

Cryptocurrency miner Hut 8 Corp has published a report on its results over the past six months. According to the company’s press release, Hut 8 increased revenue to $60.6 million for the six months ending Dec. 31, 2023. Financial reporting highlights for Hut 8 include a 32% increase in revenue and a significant increase in net income to $6.2 million, compared to the previous net loss. The Bitcoin (BTC) mining cost was $18,815, and the company mined 1,244 Bitcoins during this period. Hut 8’s energy cost per MWh was $44.52, reflecting its efficiency in managing energy costs. “With this in…

Mining

Franklin Templeton debuts new crypto SMA amid bitcoin ETF hype 

After debuting a bitcoin ETF and eyeing the launch of an ether-focused counterpart, Franklin Templeton also continues to build out another segment of crypto products. The fund giant, with more than $1 trillion in assets under management, has launched the Franklin Templeton Digital Asset Dynamic BTC/ETH separately managed account (SMA), the company said Tuesday. SMAs offer a nuanced approach to investing, allowing investors greater customization in terms of asset diversification and tax optimization strategies. In the crypto realm, SMAs offer investors exposure to a range of exposures that go beyond bitcoin — currently the only crypto asset that US ETFs…

Markets

Golem Network and Gamerhash AI Unite to Boost AI Industry Computing Resources

In an exciting development for the artificial intelligence and blockchain communities, Golem Network, a trailblazing decentralized computing platform, has announced a groundbreaking partnership with Gamerhash AI. This strategic alliance is poised to revolutionize the supply of GPU resources, catering to the burgeoning needs of the AI sector. Golem Network, renowned for its pioneering role in the Web3 and DePIN (Decentralized Peer-to-Peer Information Networks) domains, is expanding its horizons. By joining forces with Gamerhash, a platform celebrated for its unique model that allows gamers to earn by sharing GPU computing power, Golem is set to redefine the landscape of computational resources.…

Altcoins

Insurance Broker Marsh Introduces $825M Crypto Custody Coverage

Insurance broker Marsh has introduced a digital asset custody insurance product providing capacity up to $825 million, the largest facility of its kind, the firm said in a press release on Tuesday. Marsh, which has over 45,000 staff and is part of professional services giant Marsh McLennan, said the new insurance product will support organizations with digital assets held offline in cold storage, as well other custody solutions such as Multi-Party Computation (MPC), where cryptographic keys are split into shards, Marsh said. Crypto insurance has traditionally been thin on the ground, with many exchanges and large trading firms simply holding…

Markets