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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.

Starknet, an Ethereum Layer 2, Plans to Copy 'Parallel Execution' Feature That Makes Solana Fast

Starknet's 2024 roadmap calls for the addition of parallel transactions starting in the second quarter. Developers behind the project also released plans for measures to cut fees. Starknet is the biggest in a category of layer-2 networks known as ZK rollups. The developers behind Starknet, the Ethereum layer-2 network whose $2.3 billion STRK token airdrop last month captivated crypto markets, plan to add a design feature known as "parallelization" – one of the factors that reportedly makes rival blockchain Solana popular as a venue for fast, cheap transactions. The feature will go live as part of an upgrade set for…

Altcoins

Sci-Fi NFT card game Parallel raises $35m from VanEck, Solana Ventures

Paradigm-backed NFT card game Parallel has secured $35 million from a group of investors to expand the universe across new platforms. Parallel, a sci-fi NFT card game, that supports the Ethereum blockchain and the Base layer-2 chain, has completed another financing round, bagging in $35 million from a pool of investors. In an X post on Mar. 28, the game developers said the funding was supported by Distributed Global, The Operating Group, VanEck, Solana Ventures, Base Ecosystem Fund, and Amber among others. $𝟯𝟱𝗠 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗥𝗼𝘂𝗻𝗱 𝗶𝗻 𝗣𝗮𝗿𝗮𝗹𝗹𝗲𝗹 𝗦𝘁𝘂𝗱𝗶𝗼𝘀 We are excited to announce our latest funding round! Our team is…

GameFi

Robinhood ventures further beyond trading with new credit card

March 26 (Reuters) - Online trading app Robinhood Markets (HOOD.O), launched a new credit card on Tuesday, in an effort to expand its foothold in the personal finance market and boost subscriptions to its premium tier. The credit card, available exclusively to Robinhood Gold customers, comes two years after its launch of a debit card to allow spare change investing, with the Menlo Park, California-based company looking to broaden its product offerings. Robinhood bought Max Levchin-backed fintech startup X1 Inc for about $95 million last year, riding on the popularity of fintech firms due to the growth of digital banking,…

Exchanges

Velodrome Collaborates with Mode Ecosystem to Boost Liquidity

A MetaDEX “Velodrome Finance” is collaborating with Mode (a DeFi layer 2 platform). According to the reports, Velodrome intends to increase its liquidity throughout its ecosystem with its latest endeavor and is currently executing the integration. Velodrome operates as a liquidity hub facilitating the Optimism ecosystem. Another DeFi Giant Joins Mode Ecosystem 🟡@VelodromeFi, the leading MetaDEX in the Optimism ecosystem with $140M+ TVL, is set to launch on Mode. This integration will boost liquidity & strengthen Mode's DeFi ecosystem. Read all about it 👇https://t.co/QLIAgSGjvC pic.twitter.com/IiMTeQxgJf — Mode 🟡 (@modenetwork) March 27, 2024 Velodrome and Mode Begin an Exclusive Partnership to…

DeFi

'Build on Bitcoin' Startup Secures $10M in Seed Funding to Advance Hybrid L2

The layer-two (L2) initiative BOB, an acronym for ‘Build on Bitcoin,’ successfully secured $10 million during its seed funding round, led by Castle Island Ventures. The financial boost is set to advance the deployment of a Bitcoin L2 that is compatible with the Ethereum Virtual Machine (EVM), aiming to spur creativity across the network and establish an ecosystem of Bitcoin decentralized applications (dapps). BOB Aims to Bridge Bitcoin and Ethereum The L2 project BOB, short for ‘Build on Bitcoin,’ has announced it raised $10 million in a funding round led by Castle Island Ventures. Mechanism Capital, CMS Holdings, Bankless, Viabtc…

Markets

STX price jumps amid market downturn following Nakamoto upgrade approval

Bitcoin layer 2 network Stacks (STX) was trending on Google after the network’s Nakamoto upgrade received widespread approval. According to the Stacks Foundation, the upgrade was approved by every voter who had Stacked STX, and 99.98% of the votes cast by those who were not stackers supported the proposal as well. As a result of this community endorsement, the Nakamoto Testnet is slated to go live on March 25, 2024. The next two phases are already scheduled for April 15–29 for the Nakamoto Mainnet (Instantiated) and May 15–29 for the Nakamoto Mainnet (Activated). The project’s white paper states that the…

Altcoins

KuCoin Sees Over $1 Billion Outflows After Money Laundering Charges in US

Crypto exchange KuCoin saw over $1 billion in outflows in the last 24 hours after the US prosecutors announced charges against the exchange and two of its founders, Chun Gan and Ke Tang, for violating anti-money laundering laws. The US Department of Justice revealed in its indictment that the crypto exchange did not register with any of the US government entities despite operating as a money-transmitting business and providing services to over 30 million customers. The exchange also did not have any KYC (know-your-customer) or AML (anti-money laundering) program in place until 2023. For the last 24 hours, #KuCoin has…

Exchanges

Ethena, a $1.3B Yield-Earning Protocol, to Debut Governance Token Next Week

Decentralized finance (DeFi) protocol Ethena, which offers the $1.3 billion USDe token, unveiled plans Wednesday to debut its governance token by airdropping tokens to users on April 2, according to a blog post. The protocol is set to airdrop 750 million ENA tokens, or 5% of the total supply. The campaign to earn "shards," which qualify users for the token airdrop, will end on April 1. Those who unstake, unlock or sell all their USDe before this date will not be eligible for the airdrop. Users will be able to claim tokens starting the next day, and ENA will be…

DeFi

Hague Legal Body Launches Digital Asset Tokenization Project to Tackle Cross-Border Challenges

The Hague Conference on Private International Law (HCCH) has initiated a project on digital asset tokenization. It aims to bring legal clarity to cross-border businesses engaging with digital assets. This project will encompass various digital token types. It will also explore preliminary legal questions surrounding digital securities and blockchain-based digital asset management. The intergovernmental organization aims to clarify which laws apply to cross-border businesses and how legal rulings are enforced internationally. Proposal Urges CGAP Study on Private International Law Challenges of Digital Tokens A recent proposal recommends that the Council on General Affairs and Policy (CGAP) commission a study on…

Markets

Stablecoin Market Surpasses $150B, a First in 18 Months, After $980M Growth in 5 Days

The stablecoin sector achieved a significant milestone on March 20, 2024, hitting the $150 billion mark as the dollar-anchored market continues its expansion. In the last five days, the stablecoin sphere expanded by $980 million, breaking past the latest threshold. Stablecoin Market Value Tops $150 Billion The total value of all stablecoins now stands at $150.01 billion, a level last observed at the close of September 2022. In the past 24 hours, stablecoins have led the charge in global trade volume, accounting for $117 billion of the $188 billion total seen across the entire cryptocurrency market. At the forefront in…

Altcoins