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.

TLIP Initiative Takes Flight in Kenya, UK, and Across Africa and Asia with Upcoming RWA dApps

AltcoinsDec 6

The Trade and Logistics Information Pipeline (TLIP) is one of IOTA’s crowning glories, and it is transforming global trade. IOTA founder says that TLIP has “some exciting new RWA dApps coming up soon” as it expands beyond East Africa to the rest of Africa and Asia. IOTA has become a multifaceted network that has extensive reach in several major sectors. One of these is in global trade, a sector that’s critical to the growth of the global economy, where the Trade and Logistics Information Pipeline (TLIP) is leveraging IOTA to change how goods and services move globally. TLIP is a…

Bitcoin poised for more upside after breaking $63,000 – Bitfinex

BitcoinDec 6

Bitcoin (BTC) could continue to rally as key on-chain metrics suggest that more upside is possible after clearing a critical resistance at $63,000, according to the latest edition of the “Bitfinex Alpha” report. Bitcoin hit a daily and local high of $66,288 on Oct. 14 following a blistering rally that reignited traders’ optimism about the “Uptober” thesis. As of press time, BTC was up 4.8% over the past 24 hours and trading at $65,854, based on CryptoSlate data, Key metrics are bullish The realized price of unspent transactions output (UTXO) age bands are an important market indicator and are commonly…

Crypto miner Mawson pushed into bankruptcy court by creditors

RegulationDec 6

Mawson Infrastructure Group, a company known for its role in building data centers for Bitcoin miners and artificial intelligence, is under attack from creditors. With its cash reserves falling below $6 million, creditors in Australia, including W Capital Advisors and Marshall Investments, have filed a Chapter 11 petition in Delaware. The creditors claim the mining firm owes over 13.5 million Australian dollars ($8.7 million). The filing, made on Wednesday, wants to legally push the company into bankruptcy. While Mawson fights for its survival, its stock surged 54% in after-hours trading following confusion over whether the company had already filed for…

Preaching the Goatse gospel: A timeline

AltcoinsDec 6

Today, enjoy the 0xResearch newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the 0xResearch newsletter. Something really weird has been going on at the intersection of crypto and AI involving the GOAT memecoin. Here’s a chronology of what’s played out: March 19, 2024: Andy Ayrey is the founder of the digital consultancy Constellate, and a self-described “trafficker of existential hope.” Ayrey launches the side project “Infinite Backrooms,” where he pits two Claude 3 Opus AI models conversing with one another about the nature of existence. Claude’s large language models by Anthropic are widely considered…

CryptoQuant CEO Analyzes Bitcoin Buying Trends

BitcoinDec 6

The CEO of CryptoQuant has highlighted significant changes in the buying pressure surrounding Bitcoin, suggesting a notable shift in market dynamics. He emphasized that the buy walls for Bitcoin across various exchanges are now robust enough to counter the previously prevailing sell walls, marking a critical development in market volatility and buying interest that fuels the current rally. Contents 1 What Factors Influence Bitcoin’s Price Stability? 2 How Do Macroeconomic Factors Impact Cryptocurrencies? What Factors Influence Bitcoin’s Price Stability? The CEO’s insights reveal that the balance between buy and sell walls has drastically evolved. An analysis of market data from…

Is OpenSea Hinting a Possible Token Launch in Its Cryptic Social Media Post?

NFTDec 6

OpenSea users are wondering about a possible token launch after a vague post on the company’s X account. Community opinion is divided on whether such a launch would help build interest or become a final rugpull. Trade volumes at the NFT marketplace have slowed to a crawl, and it might face an SEC legal battle. OpenSea Token Launch: Misguided or Fraudulent? Today, NFT marketplace OpenSea posted, “so… how long have you been using OpenSea?” on its official X account. Replies from the community immediately began speculating that this may lead to a token launch. The marketplace hit a 3-year low…

Coinbase 50 Index Expands With Altcoins, BTC & ETH Still Dominate

RegulationDec 6

The Coinbase 50 Index, a key measure of the largest digital assets, has expanded. While Bitcoin and Ethereum still dominate the index, new additions include altcoins Axie Infinity (AXS), Blur (BLUR), JasmyCoin (JASMY), Kusama (KSM), and MultiversX (EGLD), that have joined the rally. This expansion highlights the growing interest in a wider range of assets, providing investors with more exposure to diverse crypto projects. The updated index reflects current market trends. Bitcoin and Ethereum Still Dominate According to Colin Wu, a Chinese reporter, Bitcoin (BTC) remains the highest-weighted asset in the Coinbase 50 Index, holding a 47.50% weight. Ethereum (ETH)…

TON Network Experiences Dip in Daily Active Users from 5M Peak to 1.58M

AltcoinsDec 6

The TON blockchain, which was once a top decentralized ecosystem, has recently witnessed a substantial dip in the daily active consumers. As per the data provided by IntoTheBlock, the daily active consumers of The Open Network have reached 1.58M with a sheer slump from the peak of 5M users, indicating volatility, particularly due to the major events and hype. The analytics platform disclosed this development on its official X account. The TON network currently has 1.58 million daily active users, down from its peak of over 5 million The chart below shows a history of sharp increases, driven by major…

Can the Rally Push On?

BitcoinDec 6

Bitcoin price started a fresh rally above the $64,500 resistance zone. BTC is now consolidating and might struggle to surpass the $66,400 resistance. Bitcoin is up over 5% and now faces hurdles near the $66,400 zone. The price is trading above $64,500 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support at $65,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if there is a close above the $66,400 resistance zone. Bitcoin Price Surges Over 5% Bitcoin price formed a base and started…

Top NFT Brand Pudgy Penguins to Release PENGU Token

NFTDec 6

A heavyweight from the once-hot NFT era is now getting into the cryptocurrency issuance game. Pudgy Penguins launched three years ago as a set of 8,888 NFTs depicting colorful and comical birds. Now, the team behind the project tells CoinDesk that they will release a token called PENGU this year on the Solana blockchain. Nearly a quarter — 23.5% — of the 88 billion PENGU tokens will be reserved for owners of the project's NFT collections like Pudgy Penguins, Lil Pudgys, Pudgy Rods and more. A further 22.02% will be available to the Solana and Ethereum communities, while 12.32% are…