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.

Scroll Announces 1st Airdrop to Celebrate Community Contributions

AltcoinsDec 8

Scroll (SCR), the decentralized scaling solution for Ethereum, is excited to announce its first Airdrop, recognizing the significant contributions that have driven its growth. As Scroll expands globally, this initial airdrop will distribute 7% of the total SCR token supply to contributors across various categories. The wait is finally over. Today, we’re excited to introduce Scroll’s First Airdrop 🪂 This airdrop is a celebration of the collective efforts and contributions that have driven Scroll’s success so far. Read the full announcement to dive into the details! 🔗:… pic.twitter.com/xGD6x8zWDD — Scroll (@Scroll_ZKP) October 21, 2024 With a presence in over 30…

Renewed Speculation on Satoshi Nakamoto’s True Self Sparks Debate

BitcoinDec 8

Satoshi Nakamoto’s true identity remains a puzzle that intrigues many. David Schwartz opposed the idea that people must follow Satoshi’s vision. The show encourages fresh discussions about Bitcoin’s origins and its impact. The persona of the coin’s creator, Satoshi Nakamoto, has sparked renewed conversations in the cryptocurrency community. The recent HBO documentary “Money Electric: The Bitcoin Mystery” suggests Canadian developer Peter Todd might be Satoshi. This speculation has led to significant reactions, especially from Ripple’s Chief Technology Officer, David Schwartz. He called current assumptions about Nakamoto’s intentions “delusional nonsense” and reignited discussions on Nakamoto’s impact on Bitcoin. Schwartz Questions Allegiance…

Chainlink Partners With Major Financial Players to Improve Corporate Actions Data Reporting Using AI and Blockchain

AltcoinsDec 8

A new Chainlink (LINK) initiative aims to standardize the process of collecting and distributing information about key actions taken by corporations such as mergers, dividends and stock splits – vital data that is currently fragmented across countries. Key participants included Euroclear (a major clearing and settlement firm in traditional finance), Swift (the messaging platform that connects banks around the world) and Franklin Templeton (the asset manager), while crypto projects Avalanche (AVAX), ZKsync (ZK) and Hyperledger Besu also contribute. The process can "dramatically reduce the manual processes required, enabling significant potential operational efficiency and cost reduction," Wellington Management's digital asset and…

A $653 Million Liquidation Could Be Triggered If Bitcoin Price Falls Below This Level

BitcoinDec 8

According to the latest data from Coinglass, Bitcoin’s price action could trigger significant liquidation events on mainstream centralized exchanges (CEXs). If Bitcoin’s value drops below $61,000, the cumulative liquidation intensity of long orders could reach a staggering $653 million. On the other hand, if Bitcoin breaks the $64,000 threshold, short orders could face an even larger liquidation concentration of $848 million. Chart showing total liquidation data for Bitcoin across exchanges. The liquidation chart provided by Coinglass highlights the relative importance of these clusters, but does not specify the exact number or value of contracts that will be liquidated. Instead, the…

TON blockchain sees significant drop in daily active users

AltcoinsDec 8

The Open Network blockchain has recorded a significant decline in daily active users, according to on-chain data from IntoTheBlock. According to a chart shared on X by the on-chain metrics and analytics provider, the TON network has seen its daily active users drop sharply in recent weeks. Meanwhile, Toncoin, the native token of the Telegram-supported decentralized layer-1 blockchain, has struggled for upward momentum during this period. You might also like: Robinhood unveils Solana crypto transfers for EU users TON’s daily active users drops A report DappRadar showed that TON’s active daily users surged in early September as the crypto gaming…

Traders Prepare for Bitcoin’s Next Move After Consolidation

BitcoinDec 8

Bitcoin is expected to consolidate between $57K and $62K before potentially breaking out above $64K. A 1-2 day consolidation period is anticipated as traders evaluate market trends and strength. The $64K level is seen as a critical resistance point that could determine Bitcoin’s next major price movement. Market experts believe that BTC is likely to range between $57K and $62K after reaching the $62K level. As this continues to gather pace, traders are looking forward to a breakout above $64,000 as its price in Bitcoin. Many people expect such a higher level of resistance will force many market participants to…

Cardano Forges Alliances with Major Blockchain Networks

AltcoinsDec 8

Cardano has forged alliances with several leading blockchain networks, including Polkadot, Algorand, and Avalanche, to boost interoperability and drive innovation in the blockchain space. The project has also formed strategic alliances with Hedera and Ripple. These collaborations are a major step for Cardano in its efforts to improve blockchain technology. The teams’ plan to share resources and expertise, with the goal of fostering innovation across the networks. This should help streamline transactions and improve efficiency. 🚨BREAKING: #Cardano has been working with #Polkadot, #Algorand, #Avalanche and have an alliance with #Hedera and #Ripple 🤯@avax $AVAX @AlgoFoundation @Polkadot $DOT $ALGO @hedera #HBAR…

Is Bitcoin Entering a Long Consolidation Phase?

BitcoinDec 8

Ki Young Ju, the CEO of CryptoQuant, has recently highlighted that Bitcoin is nearing what could be its most extended consolidation phase, particularly as the halving event approaches. This halving occurs approximately every four years, effectively cutting mining rewards in half, a historical precursor to substantial price surges. Understanding Bitcoin’s Consolidation In his remarks shared via platform X, Ju warned that without an upward movement in the next fortnight, Bitcoin risks entering this prolonged horizontal phase. As the year approaches the 285th day, the market still harbors optimistic sentiments. What Factors Influence Bitcoin’s Current Dynamics? Ju pointed out the importance…

Solana tries to establish a pipeline of new graduates

AltcoinsDec 8

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. A block north of the Charles River and on the sixth floor of MIT’s media lab, Solana investors, founders, and community members were handed Red Sox-themed t-shirts and sipped Dunkin’ coffee during “Solana Boston,” the latest in crypto’s never-ending conference cycle. This particular conference was much less ambitious than its predecessor in Solana Breakpoint. The venue consisted of two rooms for talks connected by a networking space. The most talked-about speaker seemed to be John Deaton, the crypto-friendly lawyer…

Bitcoin Futures Market Sees Rising Activity

BitcoinDec 8

The cryptocurrency market is witnessing a surge in activity, particularly in Bitcoin futures. Data from Coinglass, dated October 13, reveals that the total open interest in Bitcoin futures has reached 55,213 BTC, equating to around $34.63 billion. This trend is closely observed by analysts as major exchanges like CME and Binance contribute significantly to the market’s dynamics, underscoring sustained investor interest in Bitcoin. Which Exchange Dominates Bitcoin Futures? CME is at the forefront of the Bitcoin futures market, boasting an open interest of 15,663 BTC, or approximately $9.81 billion. This prominent position indicates strong participation from institutional investors, reflecting their…