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.

Can you exchange cryptocurrency for cash?

ExchangesDec 1

Your digital fortune can transform into real money, and you can enjoy a nice outing with your friends. Turning your crypto coins into cash might seem hard, but it’s a straightforward process. At this time, many cryptocurrency users are interested in knowing the methods of bringing their digital crypto assets to the real world. This article will discuss how you can turn crypto into cash, methods to exchange cryptocurrency for cash, and some considerations before initiating this exchange process. Table of Contents Why convert cryptocurrency to cash Can cryptocurrency be converted into cash? Methods to Exchange Cryptocurrency for Cash Steps…

Speculations Swirl Around Sophgo’s Huawei Ties

MiningDec 1

The US Customs and Border Protection (CBP) is holding specific imports of Antminer ASIC miners at various ports across the country. Seven US-based bitcoin mining companies, who spoke anonymously, claimed that the Federal Communications Commission (FCC) had directed the CBP to hold certain deliveries of Bitmain ASIC miners. Interestingly, other Chinese producers of ASIC mining equipment, like MicroBT and Canaan, have not been subjected to the same treatment. Miners Face Months-Long Delay According to Blockspace’s latest report, some shipments have been delayed for up to two months. The hold-ups occurred at ports across the country, including those in San Francisco…

Curve Finance Launches L2 Dex Leveraging Taiko’s Based Rollup Tech

DeFiDec 1

Curve Finance has launched Curve-Lite, a decentralized exchange (dex) powered by the Ethereum layer two (L2) scaling solution Taiko, emphasizing scalability and cost-effectiveness for decentralized finance (defi) users. Curve-Lite: A Scalable Defi Solution Debuts on Taiko Curve Finance has introduced Curve-Lite, a decentralized exchange (dex) instance utilizing the L2 Ethereum scaling solution Taiko. According to the announcement, the launch aims to improve defi accessibility by reducing transaction costs and enhancing security. Built on Taiko’s zero-knowledge rollup technology, Curve-Lite offers lower gas fees compared to Ethereum’s main network. This cost reduction is expected to encourage participation from a wider user base,…

Ethereum Eyes $3,900 – Key Resistance Break Could Spark A Surge

EthereumDec 1

Ethereum has been making waves in the crypto market, reaching its highest levels since June after hitting a local high of $3,688 just hours ago. This impressive price action has sparked excitement among investors and analysts, with many anticipating further surges in the coming hours. Ethereum is now eyeing a breakout above its yearly highs, which could set the stage for an even more aggressive rally. Crypto analyst Carl Runefelt shared a technical analysis on X, highlighting the significance of Ethereum’s current resistance. According to Runefelt, ETH is at a critical juncture, facing a major resistance level that could determine…

Fed Hints at Gradual Rate Cuts: Crypto Market Responds

RegulationDec 1

A summary of the Fed's November meeting minutes was published on Tuesday, with Fed officials expressing confidence that inflation is falling and that future interest rate decreases might be gradual. The Fed minutes stated that future interest rate cuts were likely, but they would occur "gradually." The minutes were connected to the Federal Reserve's most recent policy meeting earlier this month, when it cut its benchmark lending rate by a quarter point to 4.50% to 4.75%. "In discussing the outlook for monetary policy, participants anticipated that if the data came in about as expected, with inflation continuing to move down…

Printemps Becomes First European Luxury Store to Accept Crypto Payments

ExchangesDec 1

The adoption of cryptocurrency payments by Printemps marks a milestone in the European luxury goods industry. Customers Can Now Buy High-End Fashion Products With Crypto Printemps, a leading French luxury department store has become the first major retailer in Europe to accept cryptocurrency payments. This bold move reflects the growing adoption of digital currencies in mainstream commerce and highlights Printemps’ commitment to innovation in customer experience. With 20 stores in France, Printemps’ customers can now purchase high-end fashion, accessories, and other luxury goods using crypto. According to a blogpost, the deployment of crypto payments for its customers was done through…

Bitcoin Consolidates Near $67,000 as Global Markets Show Mixed Performance

BitcoinDec 1

Bitcoin consolidates around $67,000, with $68,000 identified as the next key resistance level. The Crypto Fear & Greed Index at 71 signals bullish market sentiment for Bitcoin. European markets rise, while Asia-Pacific markets face losses led by a 1% drop in HSI. The digital currency remains within a tightly bunched range above $67,000 signifying stability in the highly unpredictable cryptocurrency space. The next significant level which analysts feel should be breached now is $68,000 and market participants are watching movements closely. On the other hand, the Crypto Fear & Greed Index, which measures the market sentiment, is currently 71, which…

Ethereum Price Eyes $3,911 Amid Increased Whale Deposits and Institutional Demand

EthereumDec 1

After an impressive performance on Wednesday, Ethereum (ETH) price has been forming a bullish pennant in the hourly time frame. The large-cap altcoin, with a fully diluted valuation of about $432 billion, rebounded from a crucial support level above $3,542 in the past 24 hours to trade about $3,595 on Friday during the early Asian session. With Bitcoin bulls having resumed the initial rally towards $100k, Ether’s price has been preparing to print a multi-year high. Furthermore, the altseason has been revving up as Bitcoin dominance signals an imminent reversal from the rising trend. Ethereum’s Whales on the Move The…

Rarimo secures $2.5m for ZK identity protocol with backing from Vitalik Buterin

RegulationDec 1

Rarimo, a zero-knowledge identity protocol, has secured $2.5 million in funding, with backing from Ethereum co-founder Vitalik Buterin. With $2.5 million in new funding, interoperability protocol for decentralizing social identity Rarimo now wants to accelerate its pursuit of a decentralized digital identity model as web3 moves toward more user-owned systems. Announcing Rarimo’s Vision Round!! This founder-only raise has united leaders around Rarimo's identity model Investors include @VitalikButerin @keoneHD @nickwh8te @BrianRetford @StefanDGeorge @dlubarov @apruden08 @Zac_Aztec @_ArnaudS_ & @rel_zeta_tech https://t.co/zfHGl3VyYs — Rarimo (@Rarimo_protocol) November 27, 2024 In an X thread on Nov. 27, Rarimo highlighted its focus on zk-wrapping proof-of-personhood methods, enabling…

Polygon Now Supports ERC-7683 to Boost Cross-Chain Interoperability

AltcoinsDec 1

Polygon’s integration of ERC-7683 across PoS, zkEVM, and AggLayer simplifies cross-chain asset transfers and boosts interoperability. The AggLayer enhances liquidity by allowing seamless asset movement between blockchains without using external bridges or wrapped tokens. In a tweet, Polygon announced they have integrated ERC-7683 across its core platforms—Polygon PoS, zkEVM, and the AggLayer. This evolution is meant to improve the user experience for developers and end users by simplifying asset transfer and so strengthening the interactions among several chains. By removing the need for bridges and wrapped assets, Polygon hopes to simplify cross-chain transactions with ERC-7683, hence ensuring more effective and…