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.

These 10 Altcoins Are Seeing Massive Whale Activity: What’s Next?

AltcoinsDec 5

Several altcoins have seen a dramatic increase in whale activity this past week, according to data from blockchain analytics platform Santiment. These crypto projects may be poised for short-term price rallies, and investors should keep a close eye on them. In an X post, Santiment identified ten digital asset projects with the biggest jump in whale activity: ApeCoin (APE), SushiSwap (SUSHI), Treasure DAO (MAGIC), HOLO (HOT), API3DAO (API3), Frax Finance (FRAX), Aragon Project (ANT), AIOZ Network (AIOZ), MetisL2 (METIS), and Chintai Network (CHEX). Santiment explained that any cryptocurrency with five times its normal whale transactions in a week “has a…

7th Bitcoin Miner from Wall Street Reports a Drop in BTC Production in November

MiningDec 5

Core Scientific (NASDAQ: CORZ), one of the publicly listed Bitcoin miners from Wall Street, reported a decline in BTC production for November, aligning with a broader industry trend. The company continues to pursue its strategic expansion plans in Texas, according to the monthly operational update released today (Thursday). The blockchain infrastructure company, one of the biggest Wall Street BTC companies based on the market cap, mined 314 Bitcoin in November, marking a 14.9% decrease from October's 369 Bitcoin. Daily production averaged 10.5 Bitcoin, compared to 11.9 in the previous month, while maintaining a self-mining fleet efficiency of 24.8 J/TH. Although…

Biconomy Partners with TelePath to Bridge Web3 and Internet

BlockchainDec 5

Biconomy, a leading global crypto exchange, has announced a new partnership with TelePath. This collaboration aims to bridge the gap between Web3 and traditional internet platforms. This was made known through Biconomy’s official X account. The idea is to bridge the gap between blockchain technology and daily usage of digital products. 🚀 Partnership Announcement 🚀 We’re thrilled to announce our collaboration with @TelePath_Ton! Together, we’re bridging the gap between Web3 and traditional internet platforms.🌐 The TelePath Quest Platform integrates on-chain & off-chain data to empower user engagement,… pic.twitter.com/AdcFj8qQDa — Biconomy (@BiconomyCom) December 2, 2024 Biconomy, TelePath Join Forces to Increase…

Bitcoin is an Asset Class, Like Gold

BitcoinDec 5

Larry Fink, CEO of BlackRock, the world’s largest asset manager, has affirmed Bitcoin’s status as a legitimate investment option, likening it to gold. During the Q3 2024 earnings call on Friday, Fink discussed Bitcoin’s potential market expansion despite regulatory hurdles. Fink expressed optimism about Bitcoin’s future growth, stating that the continued advancement in cryptocurrencies and blockchain technology will significantly impact global finance. Reiterating his belief in Bitcoin’s legitimacy as an investment, the BlackRock CEO said that asset utilization would increasingly become a global reality. He added: “We believe bitcoin is an asset class in itself. It is an alternative to…

Chainlink and 21X to Build Financial Market Infrastructure for Tokenized Securities in the EU

BlockchainDec 5

Chainlink and 21X, a Frankfurt-based fintech company, announced a partnership on December 2 to develop Europe’s first EU-regulated financial market infrastructure for tokenized securities. The platform is scheduled to launch in Q1 2025. The platform will be overseen by Germany’s Federal Financial Supervisory Authority (BaFin) and will use Chainlink’s technology to perform several key functions. These include providing secure and accurate price data feeds for listed products, enabling cross-chain interoperability via the Chainlink Cross-Chain Interoperability Protocol (CCIP), and facilitating access to assets and stablecoins across multiple blockchain protocols. The partnership aims to support institutional adoption of tokenized securities by enabling…

CME's Bitcoin Friday Futures Are Ideal for News Traders: CF Benchmarks

BitcoinDec 5

News-driven traders can set targeted strategies with CME's Bitcoin Friday futures (BFF) contracts. The weekly expiry limits basis and caps rollover costs, facilitating improved profitability. Chicago Mercantile Exchange's (CME) bitcoin (BTC) futures that expire on Friday are ideally suited for news traders looking to bet on key U.S. economic data releases, CF Benchmarks' CEO Sui Chung said, explaining the performance of the recently launched contracts. The CME debuted cash-settled Friday futures, sized at one-50th of one BTC with lower margin requirements, on Sept. 30 to make the futures product accessible to retail investors. The so-called BFF contract settles every Friday…

Botanix Labs' Mission to Bring Bitcoin to Defi Moves to Final Testnet Phase

DeFiDec 5

Botanix Labs, the developer of Bitcoin layer-2 network Spiderchain, which aims to advance the possibilities of decentralized finance (DeFi) on the world's original blockchain, has moved to its final testnet phase ahead of a 2025 mainnet debut. The testnet, known as Aragog, introduces tools that will form the basis for the mainnet's DeFi offering, such as bitcoin (BTC)-backed stablecoin Palladium, decentralized exchange Bitzy and lending and borrowing market Spindle. Botanix Labs, which aims to introduce the mainnet in the first quarter, is building Spiderchain to be compatible with the Ethereum Virtual Machine (EVM), the software that powers the Ethereum network.…

Neon EVM unveils Solana-native framework for Ethereum dApp integration

BlockchainDec 5

Neon EVM announced a transformative Solana-native framework, unveiling a suite of features aimed at integrating Ethereum-based decentralized applications (dApps) with Solana’s ecosystem. The new architecture, detailed in a comprehensive whitepaper published on Dec. 3, enables direct interaction between Solana wallets and Ethereum applications while leveraging Solana’s high-performance infrastructure. The release introduces key capabilities such as Solana wallet compatibility for Ethereum transactions, an on-chain mempool for scalable execution, and intent-based operations allowing conditional transactions like automated token swaps. With these innovations, users can sign Neon EVM transactions using Solana wallets, including Phantom, Backpack, and Solflare — eliminating the need for separate…

Here’s What Could Kick Off ‘Parabolic Phase’ of Bitcoin Bull Run, According to Crypto Trader

BitcoinDec 5

A closely followed analyst who correctly called Bitcoin’s pullback earlier this year says BTC may soon enter the explosive phase of the market cycle. In a video update, pseudonymous analyst Rekt Capital tells his 91,000 YouTube subscribers that Bitcoin may break through the upper bound of a trading range within weeks and print new all-time highs (ATHs). “We’re retesting this [$60,000 level] for a few weeks in a row and we’re trying to position for a move towards the highs [of around $71,000] here. And of course, we have a series of lower highs to contend with, but once we…

Squid greases cross-chain liquidity

DeFiDec 5

Squid has unwrapped a decentralized intent-based liquidity protocol that promises cheaper, faster, and more efficient cross-chain swaps. The Cross-Chain Order Routing and Auction Layer (CORAL), which went live today, uses a request-for-quote (RFQ) system, enabling users to execute swaps across chains with minimal costs and near-instant finality. CORAL’s intents handle swaps natively, unlocking market maker order book pricing similar to CoWSwap. This approach eliminates slippage and ensures optimal execution by directly engaging with liquidity providers during the transaction process. “With CORAL, we’ve removed the borders between chains [to] allow liquidity to flow with minimal friction,” said Fig, Squid’s co-founder. The…