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.

DMM Bitcoin exchange shuts down after a $321 million fraud incident

ExchangesDec 3

DMM Bitcoin, a Japanese crypto exchange is shutting down its operations according to a recent report by Nikkei Asia. The exchange was unable to recover from a massive fraud incident that occurred earlier in May, 2024, resulting in the loss of 48.2 billion yen. The overall losses of this exchange are equivalent to $321 million. DMM Bitcoin has now confirmed its liquidation and transfer of customer assets to SBI VC Trade by March, 2025. SBI VC Trade is a subsidiary of the SBI group. With this acquisition, SBI is anticipating a trouble-free transition for the existing users of DMM Bitcoin.…

Bitcoin Tops $68K, With Dominance Over Crypto Market Hitting New Cycle High

BitcoinDec 3

Bitcoin dominance reaches a new cycle high of 58.91%, a level last seen in April 2021. A major factor in rising bitcoin dominance is ether's relative underperformance. The cryptocurrency market as a whole continued moving higher on Wednesday, led by bitcoin (BTC), which extended its week-over-week gain to more than 12%, rising above $68,000 for the first time since late July. The broad market gauge CoinDesk 20 Index was higher by just 9% over the same time frame. Bitcoin's "dominance," i.e. its share of the total cryptocurrency market capitalization, has now jumped to 58.91% from 57.13% at the start of…

Standard Chartered’s Libeara to launch tokenized money market fund on Ethereum

EthereumDec 3

Libeara, a tokenization platform developed by SC Ventures, Standard Chartered Bank’s fintech innovation and investment arm., plans to launch a US dollar tokenized money market fund in Singapore. The head of business development at Libeara, Alexandre Deschatres, reportedly disclosed this in an interview with Hong Kong newspaper Xin Bao. According to the reports, the tokenization platform will launch the fund on Ethereum in partnership with FundBridge Capital, a licensed fund manager in Singapore, and Wellington Asset Management in the US. Deschartres stated that the fund will launch on the Ethereum mainnet, and they will first evaluate the liquidity of US…

Shiba Inu Next in Line for Whale-Induced Rally, Here's Why

AltcoinsDec 3

Shiba Inu (SHIB) has many battles to fight to keep up its promising outlook. Shiba Inu whales have stepped up in the ongoing fight against sell-offs from some HODLers. The large transaction count on the network has skyrocketed, a show of renewed interest among the heavy lifters. Shiba Inu whales onto something big Per data from crypto data analytics platform IntoTheBlock, Shiba Inu's large transactions skyrocketed by more than 41% in 24 hours, with a total of $29.74 million shuffled. This whale transaction metric is pivotal to measuring the meme coin's health. Zooming into the trend, 91 related transactions were…

Bitcoin Exchange Binance Announces Airdrop Support for These Altcoin Owners! Here Are Those Altcoins

ExchangesDec 3

Binance has announced its support for the Wise Monkey (MONKY) airdrop, which will reward FLOKI (FLOKI) and ApeCoin (APE) holders with MONKY tokens. Binance to Support Wise Monkey (MONKY) Airdrop for FLOKI and APE Holders Airdrop Details and Eligibility Snapshot Dates: APE: November 29, 2024, 03:00 FLOKI: December 15, 2024, 03:00 Airdrop Rates: FLOKI Owners: 1 FLOKI = 0.35 MONKY APE Owners: 1 APE = 804,828 MONKY Eligibility Criteria: FLOKI and APE balances below 1 (including trade orders) will not be eligible for airdrop. Tokens that are waiting to be deposited or withdrawn at the time of the snapshot will…

BTC Can Chart New All-Time High if it Breaks Above This Obstacle: Bitcoin Price Analysis

BitcoinDec 3

Crypto investors are over the moon as Bitcoin’s price is seemingly going toward a new record high after months of consolidation. Yet, there’s still one last resistance level that should be broken. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been rallying aggressively after breaking above the 200-day moving, located around the $64K level. Currently, the market is testing the key $69K resistance level, the sellers’ last resort, as a breakout would lead to a new all-time high and a potentially long-term rally for Bitcoin. Yet, investors should be cautious, as the…

Uniswap and MetaMask Lead $174M Ethereum ($ETH) Burn in November 2024

EthereumDec 3

The latest data from Phoenix Group highlights the leading decentralized finance (DeFi) projects contributing to Ethereum’s token burn over the past 30 days. The findings underscore the consistent activity of top-tier platforms in driving network utility and value. TOP #ETHEREUM BURNER #DEFI PROJECTS IN THE LAST MONTH#Uniswap $UNI #Metamask #1Inch #0xProtocol $ZRX #GnosisChain #Paraswap #Aave $AAVE #KyberSwap #Pendle #Chainlink $LINK pic.twitter.com/s4xdEDziUc — PHOENIX – Crypto News & Analytics (@pnxgrp) December 1, 2024 Uniswap continues to dominate Ethereum burn metrics, recording a burn of 6,591.3 $ETH over the month. This activity corresponds to a substantial $24.3 million value, reflecting its strong…

GOAT is no longer Truth Terminal’s largest holding

AltcoinsDec 3

This is a segment from the Empire newsletter. To read full editions, subscribe. Truth Terminal, the edgelord AI chatbot armed with an X account and a Solana wallet, is turning into an augmented reality game for degens. As a refresher, the lore goes that Truth Terminal was initially trained on the unhinged ramblings of two Claude 3 Opus AI models. Those models themselves had been previously fed a steady diet of posts from the deepest recesses of the internet (4chan, Reddit and so on). In retrospect, it was inevitable that Truth Terminal soon sowed the seeds of a new religion…

CZ Moves On From Binance CEO Role, Looks to Trump for a Fresh Start

ExchangesDec 3

Changpeng Zhao, going by CZ in the crypto world, revealed on social media that he has no plans to reclaim his role as Binance CEO, the exchange he founded in 2017. Instead, the billionaire expressed a keen interest in securing a pardon from the pro-crypto president-elect, Donald Trump. In a post on X (formerly Twitter), John Lilic, founder of Telos, a Web3 studio venture, urged Trump to pardon CZ so he could reassume leadership at Binance. In response, Zhao clarified that while he does not wish to lead Binance again, he is open to being pardoned. No wish to be…

Bitcoin Mining Profitability Improved in November, JPMorgan Says

MiningDec 3

Bitcoin (BTC) daily mining revenue and gross profit rose in November as the world's largest cryptocurrency hit record highs, but it is still about 50% below pre-halving levels, JPMorgan (JPM) said in a research report Monday. "We estimate that bitcoin miners earned an average of $52,000 per EH/s in daily block reward revenue in November, up 24% from October," analysts Reginald Smith and Charles Pearce wrote. The bank noted that transaction fees on the network spiked following the U.S. Nov. 5 presidential election and this provided some "hashprice relief." The hashprice is a measure of mining profitability. The total market…