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.

Institutional Investors Abandoned Bitcoin and Flocked to These Two Altcoins!

RegulationDec 3

Bitcoin started the new week weakly and the price fell to $ 95,000. Despite the decline in price, investors' expectations of an increase continued, and CoinShares released its weekly cryptocurrency report and said that there was an inflow of $ 270 million last week. “While $270 million was inflowed into cryptocurrency investment products last week, total inflows so far this year have reached a new record of $37.3 billion.” Ethereum (ETH) and XRP Go On The Attack! When looking at individual crypto funds, there were outflows in response to profit sales in Bitcoin. While BTC experienced an outflow of $457…

Hamster Kombat Telegram Subscribers Dropped Sharply in October

AltcoinsDec 3

The most popular tap-to-earn game of 2024, Hamster Kombat, is showing signs of cooling down in October. The number of subscribers to the game’s official Telegram channel dropped significantly this month. Alongside this, the price of HMSTR also hit a new low. Users Unsubscribe From The Hamster Kombat Telegram Channel According to Tgstat data, the subscriber count on Hamster Kombat’s announcement Telegram channel fell from 60.7 million to 55 million in October. On average, the channel loses more than 200,000 subscribers every day. Despite this, the Hamster Kombat Announcement remains the most subscribed channel on Telegram. Read more: What Is…

The Silent Catalyst Redefining Web3

BlockchainDec 3

In the buzzing heart of Bangkok, as Bitcoin shattered to $100,000 and memecoin chatter flooded social media, a quieter yet transformative force was at work. Amid the chaos of Devcon and packed streets, BNB Chain’s Bangkok Hackathon showcased what real Web3 innovation looks like. — Within the venue, the hum of determination competed with frantic keyboard clatters and the occasional debugging lament. Snacks disappeared as fast as ideas emerged. After 24 hours of intense creativity, 38 projects materialized, eight earned stage time, and three secured funding—proof of a vision transcending competition. BNB Chain’s quiet momentum belies the narrative that it's…

Bitcoin Whales Keep Accumulating Amid Market Volatility

BitcoinDec 3

Bitcoin whales are leveraging the recent stagnation in the crypto market to accumulate tokens from minor traders. As per the data from the on-chain analytics platform CryptoQuant, wallets possessed by institutional investors are pushing cumulative holdings above 3.9M $BTC. Whales continue to accumulate coins from impatient investors “Last week, institutional wallets that exclude miners and exchanges accumulated more than 67,000 coins in the 30-day window, surpassing more than 3.9 million $BTC.” – By @caueconomy Link 👇https://t.co/8ljlA5ViLP pic.twitter.com/56OhcO10Mp — CryptoQuant.com (@cryptoquant_com) October 15, 2024 $BTC Whales Continue Accumulation Despite the Current Market Volatility A CryptoQuant analyst “caueconomy” discussed the endeavors of…

Yuga Labs acquires tokenproof to drive NFT innovation

NFTDec 3

Yuga Labs has acquired web3 tokenization provider tokenproof. Through the integration, the blockchain hopes to drive crypto and NFT adoption. In a recent X post on Dec. 3, tokenproof founder and CEO, Fonz O, announced the web3 tokenization service’s integration into Yuga Labs. He stated that part of the tokenproof team will join Yuga Labs’ research and development division, The Workshop. “Thanks to our years of partnership, this transition will be seamless. I’m confident this is a fantastic outcome for everyone, and I’m excited to see our team succeed at Yuga Labs,” said Fonz O in his post. The tokenproof…

Sora Ventures launches $150 million fund to emulate MicroStrategy's Bitcoin strategy across Asia

RegulationDec 3

Sora Ventures has launched a $150 million fund aimed at advancing Bitcoin-focused treasury strategies among listed companies across Asia. The fund seeks to replicate the MicroStrategy model, leveraging Bitcoin as a primary reserve asset to optimize financial strategies and enhance stakeholder value. The fund will target companies listed on major stock exchanges in Japan, Hong Kong, Thailand, Taiwan, and South Korea, per the announcement. The first success of this strategy is evident in Metaplanet, a Tokyo Stock Exchange-listed firm, which partnered with Sora Ventures to implement the MicroStrategy model. The results were pronounced as Metaplanet’s stock surged over 1,000% in…

Pundit Notes Why XRP Could Outshine Bitcoin in the Future

AltcoinsDec 3

Market pundit Mickle cited comments from developer Matt Hamilton as arguments for why XRP could outshine Bitcoin in the future. In an interview on the Mr. M Podcast, Matt Hamilton, Senior Developer Advocate at Arbitrum and former Ripple developer, discussed why XRP may have a competitive edge over Bitcoin. Mickle recently shared a clip from this interview on X. Why XRP Could Outshine Bitcoin in the Future! pic.twitter.com/C6bhELDaok — mickle (@xrpmickle) October 20, 2024 Bitcoin Limited Despite Being a Pioneer Hamilton discussed XRP’s superior features in comparison to Bitcoin, focusing on its scalability, energy efficiency, and practical application in financial…

Chromia Enhances Defi and AI Capabilities With Asgard Mainnet Upgrade

BlockchainDec 3

Key highlights: Chromia’s Asgard upgrade introduces Extensions to enhance blockchain capabilities, starting with real-time Oracle services. The Oracle Extension supports DeFi applications, including lending platforms and decentralized exchanges. Chromia plans to launch an AI Inference Extension in Q1 2025, enabling on-chain execution of AI models. Chromia unveils Oracle Extension and future AI capabilities Chromia, a Layer-1 relational blockchain platform, has announced the successful implementation of its Asgard mainnet upgrade. This milestone introduces Chromia Extensions, a modular framework that enhances the network’s ability to support decentralized finance (DeFi) and artificial intelligence (AI) applications. The first extension, a fully on-chain Oracle service,…

Open Interest on CME Bitcoin Futures Hits All-Time High, Signals Further Bullishness

BitcoinDec 3

Bitcoin futures open interest on the CME exchange has hit an all-time high of 172,430 BTC ($11.6 billion). Over the past five trading days, CME bitcoin futures have seen an increase of 25,125 BTC, marking one of the highest recorded changes in recent years. Bitcoin (BTC) futures open interest (OI) on the Chicago Mercantile Exchange (CME) has hit a new all-time high of 172,430 BTC ($11.6 billion). On Tuesday, CoinDesk reported that cash-margin open interest reached a new all-time high, with CME accounting for 40% of the total. Open interest refers to the number of open or active futures contracts…

Brazil's instant payment transactions more than doubled on Black Friday

RegulationDec 3

BRASILIA, Dec 2 (Reuters) - Brazil's popular instant payment system Pix saw a 120.7% jump in the value of transactions recorded on Black Friday compared to the previous year, central bank data showed on Monday. The figures underscore the widespread adoption of the payment method and its growing use for payments between people and businesses (P2B), as well as the strength of the promotional period in Latin America's largest economy. On Nov. 29, the central bank said, 130 billion reais ($21.60 billion) were transacted using Pix, up from 58.9 billion reais on Black Friday last year. Black Friday, the Friday…