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.

Bitcoin

The utility of Bitcoin where your wallet can be used for payments

By NBTC03/10/2023

In recent years, Bitcoin has established itself as a revolutionary financial technology that has drastically altered people’s understanding of currency and commerce. First designed as a decentralized digital form of money, Bitcoin has advanced considerably beyond its initial purpose. Nowadays, it is not only seen as an investment option but also a credible tool to make payments in a wide assortment of daily contexts. The integration of Bitcoin wallets, which serve as electronic repositories for this cryptocurrency, has enabled it to be employed in various facets of our lives. This article will discuss the extending utility of Bitcoin wallets and…

Ethereum

Grayscale and NYSE Arca apply to convert Ethereum trust into ETF

By NBTC03/10/2023

Grayscale is furthering its commitment to bringing a transparent ecosystem to the community. It is doing so by partnering with NYSE Arca. Both have submitted an application to the SEC, that is, the US Securities and Exchange Commission, requesting a conversion of Grayscale Ethereum Trust (OTCQX: ETHE) into a spot Ethereum ETF. Form 19b-4 will now be reviewed by the SEC for consent. Grayscale has said that this step marks their commitment to converting the crypto investment portfolio into an ETF. It has called this a major milestone and a natural next step in the evolution of the product line-up.…

Blockchain

Moondance Labs releases ContainerChains

By NBTC03/10/2023

Moondance Labs, a business involved in developing the Tanssi appchain framework protocol, releases ContainerChains. This is an effective solution and makes it easier for developers to establish application-oriented blockchains. The increase in appchains is welcome for their specific blockspace, customization, and being in tune with blockchain’s prime factors related to safety, governance potential, and decentralization. However, at times, their complex positioning requirements are responsible for bringing various difficulties to projects and forcing greater costs and time periods. More options are required for developers at this time. In the case of smart contracts, quicker delivery is achieved at the expense of…

Bitcoin

MicroStrategy gets 5,445 Bitcoins, reaching 158,245

By NBTC03/10/2023

MicroStrategy recently reported acquiring an additional 5445 Bitcoins. The software company revealed the transaction on Monday while filing with the SEC. The transaction amounted to a whopping $147.3 million. MicroStrategy now holds 158,245 Bitcoins, which accounts for 0.754% of the available BTC supply. The holding is roughly worth $4.1 billion, making MicroStrategy the biggest corporate BTC holder. Even with the massive holding, the company still has $500 million in unrealized losses due to BTC’s current price. The biggest crypto is currently trading near $26k, while MicroStrategy bought it for an average price of $29,582. Michael Saylor, the co-founder of MicroStrategy,…

Ethereum

Learn how Bitcoin Spark takes the best from Ethereum

By NBTC03/10/2023

Bitcoin Spark (BTCS) has been gaining momentum lately, leaving many wondering what led to its sudden growth. To understand the evolution of Bitcoin Spark, we must first explore what sets Bitcoin Spark apart from other cryptocurrencies and how it leverages the strengths of Ethereum, including smart contracts and more. What are Ethereum and smart contracts? Ethereum, known for its versatility, introduced the idea of Smart contracts, which are self-executing agreements with predetermined conditions. Smart contracts automate and enforce agreement conditions, making them highly secure. This breakthrough led to a broad ecosystem of decentralized applications (DApps) and gave rise to the…

Blockchain

Mixin Network suffers a $200 million hack attack

By NBTC03/10/2023

Mixin Network has suffered a hack attack, draining funds worth $200 million. The community has received confirmation of the news from Mixin Network on X, formerly Twitter, informing them that the decentralized wallet service has temporarily suspended deposit and withdrawal services. They can, however, continue to execute transfer orders on the platform. Mixin Network will open up the services once the team has identified and fixed vulnerabilities. Hackers attacked the database of the cloud service provider, said Mixin Network, adding that it has collaborated with Google and SlowMist to conduct investigations. The hack attack has stolen funds in the form…

Bitcoin

Can Bitcoin’s Spot ETF approval influence the BTC price?

By NBTC03/10/2023

Bitcoin is a digital currency that exists only in the digital realm; it is like internet money. In the financial world, Bitcoin is a game-changer. It offers a new way to store and transfer value. Unlike traditional money, Bitcoin is not tied to any country, making it a global currency. However, a Bitcoin ETF is something different; it is an Exchange-Traded Fund or a basket that holds Bitcoin. It allows regular folks, like your parents, to invest in Bitcoin without actually buying and storing it themselves. It makes investing in Bitcoin easier and safer for many people who might find…

Ethereum

Bitcoin Spark takes on Ethereum and Dogecoin

By NBTC03/10/2023

Bitcoin Spark sets its sights on the cryptocurrency niche, facing giants like Ethereum and Dogecoin. Bitcoin Spark strives to remove its niche from the meme coins while improving ETH’s smart contract capabilities. Bitcoin Spark (BTCS) Bitcoin Spark revolutionizes the cryptocurrency landscape with its innovative Proof-Of-Process (PoP) protocol. The BTCS token, currently in ICO phase six at $2.75, offers a multitude of use cases within the BTCS ecosystem. These applications include staking for passive income, facilitating transactions, storing value against inflation, and more. Access to the BTCS ecosystem is seamless through a robust Bitcoin Spark application, compatible with iOS, Android, and…

Blockchain

Zilliqa and GMEX ZERO13 unite for Carbon Offset Platform

By NBTC03/10/2023

Zilliqa, a blockchain system known for its speed, security, and affordability, has partnered with GMEX Group in a thrilling collaboration. The two parties will focus on GMEX’s innovative mission, ZERO13, which aims to revamp how retail buyers interact with corporate responsibility initiatives. They plan to create a groundbreaking carbon offset program to change environmental efforts. The Zilliqa Group-GMEX ZERO13 partnership aims to create a blockchain-powered platform. The platform will use EVP, a new digital currency representing carbon offsets. When clients interact with Zilliqa-affiliated businesses, they will receive EVP tokens that are securely held on the Zilliqa blockchain. These tokens allow…

Bitcoin

Charting Bitcoin's future ETF approval and the BTC Halving 2024

By NBTC03/10/2023

Over the weekend, Bitcoin’s price maintained its resilience, staying below the $27,000 threshold despite market uncertainties. In this post, we will dissect the current state of Bitcoin and two upcoming major events: Bitcoin ETF and halving. Amidst shifting market dynamics and diverse expert opinions, we aim to provide insights into Bitcoin’s potential path, shedding light on how recent events may influence its price trajectory. Looking to the Bitcoin Future: Countdown of Two Major Events As we look ahead to the future of Bitcoin, there are two major events on the horizon that have the crypto world buzzing: the potential approval…