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.

AI-run flavia token test launch hijacked by fake pump.fun token

AltcoinsDec 3

A fake pump.fun token reached a peak of more than 2,000,000% before flooring hard after taking advantage of the hype surrounding the flavia meme coin, run by flavia an AI agent created by Trevor McFedries. The flavia-impersonator meme coin was flagged as a scam by market traders that were on the look-out for flavia trading activity. Bearing the same name as the original, “flavia is online“, some traders fell for the elaborate set-up and impossibly high gains. One trader admitted to losing all his funds in the tradeoff due to the account being suspended in just 24 hours after it…

Stellar and USDC Power Faster Remittances for U.S. Latinos

ExchangesDec 3

Félix and Bitso use the Stellar network to enable fast and affordable remittances for U.S.-based Latino immigrants sending money to Latin America. The partnership plans to expand financial services across Latin America, offering more accessible options. The collaboration between Félix, Bitso, and the Stellar network is transforming cross-border remittances for U.S.-based Latino immigrants, according to a recent report. By integrating blockchain technology and USDC stablecoin, the partnership delivers faster, cheaper, and safer ways to send money to Latin America. Conventional methods of remittances are still a tedious process. Senders can visit physical locations, pay expensive transaction charges, and expose themselves…

Bitcoin forms a golden cross, analysts predict parabolic moves ahead

BitcoinDec 3

Bitcoin price continued its strong rebound as it rose for three consecutive days, reaching its highest level since July 29. Bitcoin (BTC), the original cryptocurrency and largest crypto by market cap, retested the psychological level of $68,000, meaning it has jumped by almost 40% from its lowest level in August. There are rising odds that Bitcoin will continue climbing. For one, the crypto fear and greed index moved from the greed zone of 37 last week to 58. BTC and other cryptocurrencies often rally when there is a sense of greed in the market. Bitcoin price has also formed a…

A Strong Foundation for Blockchain Growth

EthereumDec 3

Ethereum’s Beacon Chain supports $125B in economic security, 10K participants, and offers recovery via slashing mechanisms. The Ethereum Foundation invests in zkVM projects to enhance scalability and security with cutting-edge blockchain technology. The launch of the Beacon Chain on December 1, 2020, was a watershed moment for Ethereum. The proof-of-stake (PoS) chain began slowly, with 0.5 million ETH invested on day one, and provided no immediate rewards to users. However, this experimental phase has recently transformed into a robust foundation unparalleled in blockchain history. Through both Layer 1 (L1) and Layer 0 (L0), Ethereum researcher Justin Drake claims the Beacon…

Uniswap Foundation Allocates $1.2M to Secure Innovative v4 Hooks

AltcoinsDec 3

The Uniswap Foundation is investing $1.2 million to boost security audits for developers working on Uniswap v4 hooks. The new fund will connect projects with top audit firms and subsidize costs, making high-quality security accessible. Audit service providers can apply from October 25 to November 8, aiming to strengthen Uniswap’s security landscape. The Uniswap Foundation is initiating security within its ecosystem allocating $1.2 million to Areta for the Uniswap Foundation Security Fund. This fund aims to support developers building Uniswap v4 hooks. As new functionalities emerge, such as dynamic fees and custom liquidity curves, security becomes increasingly vital. Consequently, this…

Coinbase Issues Statement for 6 Cryptocurrencies and Announces Restriction Date for These in Europe

ExchangesDec 3

Cryptocurrency exchange Coinbase has begun notifying its European customers about the upcoming restrictions on certain stablecoins due to the upcoming Markets in Cryptoassets (MiCA) regulatory framework. The restrictions affect users of Coinbase Europe Limited and Coinbase Germany GmbH and will come into effect on December 13, 2024 at 11:59 AM ET. Coinbase explained in an email to its users that certain stablecoins will face restrictions because they do not yet comply with MiCA requirements. Affected assets include USDT, PAX, PYUSD, GUSD, GYEN, and DAI, collectively referred to as “MiCA-restricted assets.” While services for restricted stablecoins have been suspended, Coinbase has…

Bitcoin Price Will 'Rise Stupendously' as Middle East Conflict Intensifies, Says Arthur Hayes

BitcoinDec 3

BitMEX co-founder Arthur Hayes on Wednesday predicted a sharp rise in Bitcoin (BTC) as geopolitical conflicts escalate, driving inflation and increased government spending. In a blog post, Hayes argued that the U.S. government’s financial response to conflicts in the Middle East would spur money printing and fuel the next bull run for the Bitcoin price. “We know that war is inflationary. We understand that the U.S. government must borrow money to sell bombs to Israel,” Hayes wrote. “We know that the Fed and the U.S. commercial banking system will buy this debt by printing money and growing their balance sheets.…

Orderly Network Paves the Way for Limitless DeFi Across Solana and EVM Chains

DeFiDec 3

Orderly Network has introduced its perps omnichain orderbook on Solana. By doing this, the network aims to bring a groundbreaking solution to decentralized finance (DeFi) trading. With this integration, Solana users can now seamlessly trade across more than 30 decentralized exchanges (DEXs). The users can also access 73 trading perpetuals without limitations. It marks a significant step in unifying EVM and non-EVM ecosystems. The Solana launch is a pioneering milestone in DeFi. It combines EVM and non-EVM orders into one unified perps orderbook. Orderly Network’s innovation allows users to trade directly across chains without requiring traditional bridging or wrapping. This…

Is a Dip to $3,392 Imminent Amid Momentum Loss?

EthereumDec 3

Will a supply surge within a rising channel push Ethereum’s price below $3,600 as the crypto market experiences a momentum drop? With a sudden shift in intraday sentiment, Ethereum is edging closer to the $3,600 support level. After a 2.41% decline in the past 24 hours, Ethereum’s market cap has fallen to $435 billion. As Bitcoin tests the $95,000 support, will the sudden loss of momentum in the crypto market drag Ethereum below $3,600? Let’s find out. Ethereum Warns Channel Breakdown On the 4-hour chart, Ethereum’s price action shows a rising channel pattern. Currently, the price trend reveals a bullish…

Tron Network Energy Doubles, Boosting Capacity for Meme Coins

AltcoinsDec 3

The Tron blockchain network has experienced a significant increase in energy availability over the last three months. This increase allows more smart contract transactions without congestion cost spikes. Energy on the Tron network is essential for executing these transactions. IntoTheBlock reports that the amount of energy has recently doubled. This rise suggests the network can handle more smart contract activities. More energy helps maintain transaction costs even during periods of high demand. Tron users need energy to perform actions like executing smart contracts and interacting with decentralized apps. The amount of Energy on the @trondao network has doubled in the…