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.

Now Binance Breaks Bad News

ExchangesDec 10

Binance has announced that the inscription marketplace has been removed from the Binance wallet feature and users will no longer be able to buy or sell inscription assets on the platform. Launched in February 2023, the inscription marketplace initially supported BRC-20 tokens and other blockchain inscription assets, marking Binance’s entry into this rising trend. However, Binance’s decision will not affect the trading of inscription-themed altcoins such as ORDI and SATS on the platform, but it may negatively impact the inscription concept that these tokens are linked to. The rise of Bitcoin inscriptions in 2023 has garnered a lot of attention…

Bitcoin on track for longest flat market in halving year history

BitcoinDec 10

Bitcoin (BTC) is on track to experience its longest period of sideways trading during a halving year if it doesn’t show significant upward movement within the next 14 days. According to a dashboard shared by CryptoQuant CEO Ki Young Ju, the longest time BTC took to rise was 298 days. Bitcoin achieved its highest return index during a halving year in 2020, when it hit 4.05 points, while 2016 marked the worst halving year in terms of returns, with the index only reaching 2.26 points. Despite being the second-best performing year, 2012 registered the strongest start after 298 days, achieving…

Ethereum community debates raising gas limits amid stability and security concerns

EthereumDec 10

Toni Wahrstätter, a researcher at the Ethereum Foundation, has called for patience in addressing Ethereum’s block gas limit expansion, citing technical challenges in a Dec. 9 post. The discussion comes as the Ethereum community debates raising the gas limit, a change that could enhance network capacity but also pose risks to stability and security. Wahrstätter highlighted constraints tied to consensus layer (CL) client specifications, which make surpassing the current 36 million gas threshold infeasible without significant protocol upgrades. Beyond the 36 million threshold Ethereum’s CL specifications enforce a 10 mebibytes (MiB) maximum uncompressed block size for efficient gossip propagation across…

Terra Luna Classic Community Approves New Proposal

AltcoinsDec 10

The Terra Luna Classic (LUNC) community has shown strong support for a proposal aimed at granting access to control panels managed by Terraform Labs (TFL). This initiative appears to have positively influenced the pricing trends of LUNC and USTC, which have recently surpassed key resistance levels. Contents hide 1 What Does the Proposal Entail? 2 How Have Prices Responded? What Does the Proposal Entail? Proposal number 12141, named “Transactions Related to CoinMarketCap and Other Lists,” is on the verge of acceptance. Its primary objective is to facilitate TFL’s access to CoinMarketCap and other pertinent listing platforms associated with Terra Classic.…

Binance Pool Launches Luckycoin (LKY) Mining with Zero Fees

MiningDec 10

Binance Pool has officially launched Luckycoin (LKY) merged mining, which allows miners to mine Litecoin (LTC) while earning rewards in LTC, Dogecoin (DOGE), Bellscoin (BEL), and Luckycoin (LKY). Binance is offering zero pool fees for Luckycoin mining during a limited period from December 10, 2024, 00:00 UTC, to December 31, 2024, 23:59 UTC. Binance Pool Luckycoin(LKY) Mining : To begin with LKY mining, users must first ensure you have a verified Binance account and register for Binance Pool. Start mining Litecoin (LTC) from December 10, 2024. Use the step-by-step guide in Binance’s FAQ on how to mine LTC. Connect an…

Trader Issues Bitcoin Alert, Says BTC Will Nuke if Critical Support Zone Crumbles – Here Are His Targets

BitcoinDec 10

A closely followed crypto strategist is issuing a warning about Bitcoin (BTC) after the flagship digital asset dipped below the $60,000 range on Thursday. Pseudonymous analyst Credible Crypto tells his 424,500 followers on the social media platform X that Bitcoin needs to hold $58,000 as support to avoid plummeting much further. “All the people screaming at me for urging caution at the highs (again) you better pray $58,000-$59,000 holds or else it’s nuke city for Bitcoin baby.” The analyst is also turning short-term bearish on Bitcoin. He suggests the top digital asset by market cap may hold the high $50,000s…

Investors book over $2.5 billion in profits as ETH declines nearly 10%

EthereumDec 10

Ethereum price today: $2,680 Ethereum ETFs' weekly inflow surged to a new all-time high of $836.8 million, boosted by BlackRock's ETHA. Ethereum investors realized over $2.5 billion in profits, sparking a two-year high in ETH futures liquidations. Ethereum could bounce off the support level near $3,550 to retest its yearly high resistance of $4,093. Ethereum (ETH) declined 10% on Monday after investors increased their profit-taking with over $2.5 billion in realized profits. This sparked a two-year high in futures liquidations for the top altcoin. However, ETH exchange-traded funds (ETFs) provide a bullish picture amid the recent selling pressure hitting the…

LUMIA Leads Crypto Surge with 42.9% Gain on October 19

AltcoinsDec 10

The cryptocurrency market saw several tokens post impressive gains on October 19, with some experiencing double-digit increases. Leading the charge was LUMIA ($LUMIA), which surged by an outstanding 42.9%. According to Phoenix, a well-known crypto media outlet, the rise signals growing interest in the project. It seems to have a lot of potential which is why investors seem to be ok with its fast rising price. DAILY GAINERS$LUMIA +42.9% $MATH +21.0% $SLP +18.7% $HEART +16.4% $BNX +14.6% $YGG +13.9% $WLD +12.4% $AXS +11.8% $TAI +11.6% $XRD +11.6%#dailygainers pic.twitter.com/Y36jgIbI5S — PHOENIX – Crypto News & Analytics (@pnxgrp) October 19, 2024 MATH…

Ethereum Foundation Sells 100 ETH for Dai as Pectra Upgrade Looms

EthereumDec 10

Ethereum Foundation (EF), a major non-profit organization dedicated to the long-term development of the Ethereum network, has continued with its Eth selling strategy. As a major grant source on the Ethereum network, the EF often engages in Ether selling for stablecoins to pay employees and services approved by the core team. According to on-chain data, an Ether address associated with the Ethereum Foundation deposited 100 ETH into Cow Protocol and swapped for Dai (DAI) stablecoins earlier today. Notably, the EF received the funds from an Ethereum address named Gnosis Safe Proxy with a balance of over $10 million, mostly consisting…

5 Cryptocurrencies Showing Signs of Market Saturation

AltcoinsDec 10

NEM, Beam, Reef, and Sun are overbought, raising concerns about potential price corrections. Beam and Reef’s recent surges have outpaced their utility, suggesting market overextension. Gains Network and Sun have seen stellar growth but face resistance due to overbought conditions. Some bitcoins in the year 2024 have hit the overbought zone which therefore increases investors’ greed for a reversal. Some of the digital assets are as follows they have NEM (XEM), Beam (BEAM), Reef (REEF), Gains Network (GNS) and Sun (SUN). And to our surprise, those coins have skyrocketed in price primarily due to people’s emotions and hysteria. NEM (XEM):…