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.

Blockchain

opBNB mainnet by BNB Chain goes live

By NBTC03/10/2023

BNB Chain has announced that its opBNB Mainnet is now live for public access. The layer-2 solution is an EVM-compatible project that brings the advantages of near-instant transactions and low fees. opBNB has been built on the Optimism OP Stack. The idea behind lowering the gas fees is to ensure blockchain technology gains access to everyone. BNB Chain’s launch of opBNB follows the kind of performance that the layer-2 solution delivered during its testing phase. To start with, opBNB’s testnet version was able to handle 100-150k transactions every day. Next, it reached a point where over 86,000 blocks were processed…

Bitcoin

Grayscale ETF victory proves bullish for Bitcoin and Bitcoin Spark

By NBTC03/10/2023

Grayscale recently scored a major victory against the U.S. Securities and Exchange Commission in its efforts to get a Bitcoin ETF. And while this has proven bullish for Bitcoin (BTC), other cryptocurrencies have also benefited, including Bitcoin Spark (BTCS). What is Grayscale? Grayscale is a renowned financial institution specializing in digital asset management. Its flagship product, the Grayscale Bitcoin Trust (GBTC), is the world’s biggest Bitcoin fund. Investors can buy and sell shares of the trust in their brokerage accounts, making it a convenient way to invest in Bitcoin. Grayscale’s reputation and success have made it a prominent player in…

Ethereum

Ethereum investors concerned as bearish trend dominates

By NBTC03/10/2023

Cryptocurrencies are extremely volatile by nature and design. The cryptocurrency market is extremely speculative and lacks a regulatory framework for trading. This renders cryptocurrency trading more volatile than bonds and equities. Ethereum is the second most prominent cryptocurrency after Bitcoin, and its value has steadily declined for an extended period. In August, Ethereum experienced a decline of approximately 12.25%, compared to a 9.66% decline in the past week. The current price of Ethereum is $1662, representing a loss of 1.05% over the past 24 hours. Even with the bearish trajectory, investors continue to HODL their Ethereum holdings. ETH bears are…

Blockchain

Babylon’s testnet incorporation with Router Protocol

By NBTC03/10/2023

In the past few years, the blockchain industry has been involved in a number of computation and decentralized finance-related innovations. Because of its widespread adoption, this has several upgradeable features. Out of this has mushroomed various Layer 1 and Layer 2 solutions, with their concentration on lessing gas prices and quicker transactions. Babylon has taken the initiative to incorporate Router Protocol into its testnet. This is basically a Layer 1 cross-chain and interoperable blockchain. It has been created with the utilization of Cosmos’ Tendermint consensus. This incorporation provides Router Protocol with Bitcoin’s unparalleled security layer. In addition, the Bitcoin security…

Bitcoin

Genesis Global Capital files a lawsuit against Digital Currency Group

By NBTC03/10/2023

Genesis Global Capital has filed a lawsuit against Digital Capital Group for defaulting on exorbitantly large amounts of loans. Genesis Global Capital has not received the agreed-upon funds back as of May 2023, per the terms and conditions stipulated by the two corporations. Genesis has hired attorneys to defend itself in this dispute, and they claim that in 2019, Genesis and DCG signed a master loan arrangement. In the case that was submitted to the US Bankruptcy Court for the Southern District of New York, this detail was included. The lawsuit also references the fact that the loan Genesis gave…

Ethereum

ARK Invest seeks SEC approval for the US Spot-Ether ETF

By NBTC03/10/2023

ARK Invest by Cathie Woods has filed an application with the US SEC and is now awaiting approval for implementing the US Spot Ether ETF. The US Securities and Exchange Commission has been rejecting applications left, right, and center when it comes to the Spot BTC ETF; however, the one with ether could be a different story, especially after the verdict went in favor of Grayscale Investment. Her investment firm, 21Shares, is in line to seek approval from the Commission. The filing was submitted this Wednesday to make their first attempt at gaining a license to have a fund directly…

Blockchain

Polygon Labs publishes 1st set of PIPs to implement Polygon 2.0

By NBTC03/10/2023

Polygon Labs has announced the publication of the first set of PIPs while setting its foot on the implementation of Polygon 2.0. It was first teased in June to tremendously upgrade the Polygon ecosystem. Considering the PIPs go well with the community, they would be lined up for the final stage by the end of the fourth quarter. The four upgrades that will eventually go live after approval pertain to POL, gas tokens, staking mechanisms, and staking hubs. Here are the specifics:- The upgrade from MATIC to POL will be initiated POL will become a native token for gas fees…

Bitcoin

BTC's limelight was taken by LINK, ROE, and STX after Grayscale win

By NBTC03/10/2023

In a crypto world overshadowed by Bitcoin’s recent woes, alternative cryptocurrencies like LINK, Borroe.Finance ($ROE), and STX are emerging as the new stars. This transformation comes in the wake of a groundbreaking victory for Grayscale Investments against the SEC, signaling a paradigm shift in the crypto landscape. A bearish September for Bitcoin? As Bitcoin’s price stumbles amidst a challenging September, the dominant cryptocurrency loses its luster. Despite boasting a remarkable year-to-date gain of over 55%, Bitcoin has shed over 11% of its value in the past 30 days. The bullish momentum that followed Grayscale’s legal triumph over the SEC has…

Ethereum

Bitcoin Spark set to eclipse Ethereum's dominance

By NBTC03/10/2023

The Blockchain ecosystem is set to take over the technological niche. This ecosystem has had immense growth during the last decade. Being the pioneer, Bitcoin led to an immense traction rate as a number of venture capitalists invested in the ecosystem. However, due to the lack of smart contracts and improved interoperability to facilitate communication with other networks, Ethereum was developed. The decentralized network established an immense development rate, allowing programmers to develop layer two scaling solutions. Bitcoin Spark is the new digital currency leading to increased participation in the cryptocurrency ecosystem. What is Ethereum? Ethereum is a layer-one scaling…

Blockchain

Consensys launches Tuum Technologies on MetaMask Snaps

By NBTC03/10/2023

HBAR Foundation has announced that Tuum Technologies is now live on MetaMask Snaps, making it one of the 34 public snaps to feature on the platform. Consensys has introduced a DID solution built on Hedera. There are 33 additional public snaps available on the platform. HBAR Foundation has called it a sophisticated plugin, adding that users can conveniently integrate the functionality into their applications. There are no restrictions about how many or what kinds of applications can integrate Snap. It is, however, a surety that Tuum Technologies will help users augment the native capabilities of MetaMask. Users on the Hedera…