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.

Expert Says No Excuse to Hold or Trade XRP After Latest Event

AltcoinsDec 5

Prominent figures in the crypto community criticizing Ripple chairman’s monetary donations to Kamala Harris’s presidential campaign have urged market participants to boycott XRP. Chris Larsen, co-founder and chairman of Ripple, has deepened his financial commitment to Vice President Kamala Harris’s presidential campaign. In a notable development, Larsen recently added $10 million worth of XRP to Harris’s campaign fund. This latest contribution follows a $1 million donation made just two months prior. As a result, Larsen has now contributed over $11.8 million to Harris’s campaign efforts. No Excuse to Own XRP The reaction to Larsen’s donations has been mixed. Some view…

Buenos Aires Leads Urban Transit with Blockchain Payment Technologies

ExchangesDec 5

Payment system available in 81 subway stations, enabling contactless fare payments via NFC-enabled devices and cards. System supports cards from major crypto exchanges, allowing commuters to pay fares directly with cryptocurrencies. Buenos Aires has introduced a multipayment platform to its public transportation network, allowing commuters to use debit and credit cards, along with cryptocurrencies like Bitcoin and stablecoins such as USDT and USDC. This initiative, confirmed by Jorge Macri, the head of government for the Autonomous City of Buenos Aires, is now operational in 81 of the 90 subway stations across the city. The new system enables passengers to pay…

Zeus Network Launches ZeusNode to Boost Bitcoin Liquidity into Solana

BlockchainDec 5

Today, Zeus Network announced that ZeusNode, the core infrastructure based on the Solana Virtual Machine (SVM), is live. With its first epoch well under way, Zeus has also released its whole roadmap for ZeusNode’s cross-chain framework, which will easily integrate Bitcoin liquidity into Solana’s blockchain. As the cornerstone of Zeus Network’s cross-chain framework, ZeusNode presents its Guardian program, which establishes two separate categories of validators: Guardians and Institutional Guardians. While Institutional Guardians are designed for big organizations that can handle substantial amounts of $BTC, Guardians may assign $ZEUS to the network. ZeusNode Guardians use a Multi-Party Computation (MPC) model to…

Bitcoin Surges Past $65k, Liquidations Fuel Rally, $70k Next?

BitcoinDec 5

Bitcoin (BTC) surged to the $65,000 price level, reaching a daily high of $66,482. The cryptocurrency hit the resistance zone, and an uptrend will be confirmed if BTC maintains price action above $66,000. Santiment, a blockchain analysis platform, noted this is the first time since September 27th that Bitcoin has broken above the $66,000 price level. The liquidation of shorts in the past 24 hours is a major driving force behind this surge in BTC’s price. Santiment explained: “As traders with short positions were forced to close out (either voluntarily or through margin calls), it resulted in a rapid price…

Ethereum ETF Inflows Surge to $634 Million as Whale Activity and ETFs Boost Sentiment

EthereumDec 5

Ethereum inflows top $2.2B YTD, a new annual record. Ethereum ETFs see strong demand with $634M inflows last week. Ethereum dominates with 56% of total crypto inflows. Ethereum recorded $634 million in inflows in the past week. This increase raised Ethereum’s cumulative inflows in the year to $2.2 billion, which is higher than the total recorded in 2021. These inflows show that investors are now more confident with Ethereum, given the current rise in its usage and high demand and supply ratios. Moreover, according to the latest report from CoinShares, Ethereum remains a dominant digital asset. This positive sentiment is…

Liquidity Spikes as AMMDeposits Outpace AMMBids

AltcoinsDec 5

XRP has seen a significant change in its on-chain transactions, especially based on the AMM (Automated Market Maker), as reported by Wenry in CryptoQuant analysis. The analysis shows that other parameters are also rising, along with liquidity deposits in the AMM ecosystem, despite a decline in XRP ledger AMMbids in recent days. Such changes indicate enhanced confidence in the existing liquidity pools and, therefore, should elicit the participation of market players. XRP Ledger On-Chain Transaction Analysis “XRPL saw significant growth in AMM liquidity, with strong increases in AMMDeposit and AMMCreate. Despite a drop in AMMBid, the rise in liquidity deposits…

Bitcoin Exchange Binance Announces It Has Delisted Many Altcoin Trading Pairs from Margin Trading!

ExchangesDec 5

Binance has announced that it plans to remove some margin trading pairs from its platform on December 11, 2024, at 09:00. Binance to Delist Multiple Margin Trading Pairs in December This decision impacts both Cross Margin and Isolated Margin trading options and follows Binance's regular review of trading offers to align with market demand and operational efficiency. Margin Trading Pairs Affected Cross Margin Pairs BAND/BTC GTC/BTC Isolated Margin Pairs AVA/BTC BAND/BTC GTC/BTC HIGH / BTC PERP/BTC STPT/BTC Important Dates and Changes Users cannot transfer assets of listed pairs to their Isolated Collateral accounts via manual transfers or Automatic Transfer Mode.…

Ethiopia's Bitcoin mining surge now accounts for 2.5% of global hash rate

MiningDec 5

Ethiopia is emerging as a significant player in Bitcoin mining, with local operations now accounting for 2.5% of the global hash rate. On Dec. 4, local Bitcoin miner Kal Kassa stated: “Bitcoin miners in Ethiopia now command 2.5% of the global hash-rate. If trends continue, according to Ethiopian Electric Power (EEP), this will more than double within one year.” This aligns with statements made by Ethan Vera, co-founder and COO of Luxor Mining, who noted that the EEP reports local operations already consuming 600 MW of power. By year-end, that number could rise to 1 gigawatt, representing as much as…

Ethereum Transaction Revenue Has Surged Since Trump Election Victory: Steno Research

EthereumDec 5

The Ethereum blockchain's transactional revenue has increased substantially since Donald Trump's U.S. election victory, Steno Research said in a Monday report. "This outcome is crucial for all onchain activity," wrote analyst Mads Eberhardt. The surge has led to higher staking rewards and more ether (ETH) being burned via transaction fees, the report said. "This combination strengthen's Ethereum's tokenomics," Steno said, making ether a more appealing asset. Steno noted that the amount of USDT on the Ethereum network surpassed supply on the Tron blockchain for the first time in more than two years. This is a clear sign that on-chain activity…

Shiba Inu (SHIB) set for recovery as Shibarium activity surges after months-long stall

AltcoinsDec 5

Dog-themed crypto Shiba Inu (SHIB) has underperformed lately as investors focused on new and trending meme tokens such as POPCAT and PEPE. While the 5% price dip over the past week highlights weakness, recent trends suggest a potential comeback for SHIB. Shibarium’s daily transactions jump 1,300% Shiba Inu’s L2 network has seen a significant pause in progress within the last several months. Nevertheless, Shibarium has seen relief over the past few days, with some crucial indicators resurging to early 2024 highs. The platform saw daily transactions skyrocketing towards 1.8 million on 22 October, according to Shibariumscan. That represented a staggering…