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.

W-Coin Telegram community introduces W-coin burns for offline users

GameFiNov 29

W-Coin decided to make its community more active, introducing a token burn for accounts logging out for more than three days. W-Coin decided on a launch with a 70% community allocation and already offers a tap-to-earn mini app. The Telegram W-Coin project, a tap-to-earn tokenized game, will introduce a new mechanism for user engagement, per the announcement. The tap-to-earn game aims to allocate WCOIN tokens for activity. To counteract idle accounts, the game will introduce W-Burn. If users are offline for three days, 5% of their balance will be burned daily until the next login. This will ensure only active…

Will Bitcoin’s Rally Continue? Analytics Company Representatives Speak Out

BitcoinNov 29

Bitcoin continued its upward momentum, climbing for the fourth time in five days as speculators target $70,000 amid growing enthusiasm for the cryptocurrency. The largest cryptocurrency rose 2.9% to $68,898, surpassing the level reached on Wednesday and the highest since July 29. Bitcoin last traded at $70,000 on June 12. “Momentum is strong and the path of least resistance is to the upside given the macroeconomic backdrop,” commented Jaime Baeza, managing partner at crypto hedge fund AnB Investments. Investors have poured more than $1.8 billion into U.S. ETFs holding bitcoin this week, according to Bloomberg data. The investment products were…

Ethereum Price Maintains Strength at $3,250: Upside Ahead?

EthereumNov 29

Ethereum price remained supported above the $3,220 zone. ETH is consolidating and might aim for a move above the $3,400 resistance. Ethereum started a fresh increase from the $3,250 support zone. The price is trading above $3,350 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $3,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $3,400 resistance zone. Ethereum Price Remains Stable and Eyes More Upsides Ethereum price remained supported above $3,200 and started a fresh increase while…

He Bought These Two Altcoins, Became One of the Three Largest Owners!

AltcoinsNov 29

While 2024 will be the year of memecoins, especially Solana (SOL)-based memecoins attracted a lot of attention. While both institutional and retail investors have been buying heavily in SOL-based memecoins, one of them has been Wintermute, a leading market maker in the cryptocurrency industry. Wintermute, who has been buying many memecoins, most recently bought Solana-based memecoins MICHI and GOAT. According to Onchain data, Wintermute has acquired MICHI and has become the third largest holder. Accordingly, Wintermute began accumulating MICHI and purchased 5.56 million MICHI worth $1.4 million. With this purchase, it became the third largest owner of MICHI. MICHI, which…

Donald Trump to Grant SEC's Crypto Authority to CFTC

LegalNov 29

The incoming administration of President-elect Donald Trump is reportedly planning to enhance the authority of the Commodity Futures Trading Commission (CFTC). The administration seeks to grant CFTC the authority to oversee a large segment of the $3 trillion digital asset market. CFTC to Takeover SEC’s Responsibilities The initiative reflects a broader Republican strategy to reduce the regulatory scope held by the Securities and Exchange Commission (SEC) over the crypto sector, a hallmark of President Joe Biden’s administration and SEC Chairman Gary Gensler’s tenure. The CFTC, responsible for supervising the $20 trillion U.S. derivatives market, manages trading in futures, options, and…

Bitcoin Miners Approach $40B Market Cap as Difficulty Set for Fifth Straight Increase

MiningNov 29

Publicly traded bitcoin (BTC) miners are approaching the milestone of an aggregated $40 billion market cap, according to Farside data, doubling in seven months as bitcoin's price rocketed through multiple record highs to approach six figures for the first time. Miners' biggest challenge is revenue. The reward they receive for confirming blocks on the Bitcoin blockchain was cut 50% in April, when their combined market cap was about $20 billion. In this current epoch, only 450 bitcoin are mined a day and fees paid to miners remain at cycle lows, just 10 BTC ($946,000) on Nov. 27 according to Glassnode…

Think Ethereum’s ETH is Dead? Surging Metrics Show Otherwise

EthereumNov 29

The overwhelming chatter on social media, especially Crypto Twitter is that Ethereum’s ether (ETH) is dead, a narrowly moving token. Still, the market is betting on higher ETH prices as traders pile into derivatives tied to the cryptocurrency alongside a boom in Ethereum's blob usage. Cumulative open interest in perpetual and standard futures contracts has surged to a record 6.32 million ETH, worth over $27 billion, registering a 17% month-to-date gain, according to data source CoinGlass. An uptick in open interest alongside a price is said to validate an uptrend, and ether's price has surged 35% to $3,400 this month,…

Native Tether (USDT) launches on Aptos L1

AltcoinsNov 28

Tether (USDT) is live on the Aptos chain, after months of preparation. The launch comes as USDT’s supply continues to rise, going above 120B tokens. Aptos has also gained ground by itself. Aptos is the latest chain to support native Tether (USDT) after more than two months of waiting. Aptos is one of the few L1 chains to expand in 2024, while most of the traffic went to L2 platforms. Tether announced native USDT is live on the chain USD₮ is now live on @Aptos pic.twitter.com/Yhjx9j7PBc — Tether (@Tether_to) October 28, 2024 Tether (USDT) has selected a limited number of…

Ripple Chief Legal Officer Slams SEC for ‘Bragging’ About 2024 Enforcement Actions in New Press Release

LegalNov 28

The chief legal officer at Ripple Labs is coming down hard on the U.S. Securities and Exchange Commission (SEC) over what he perceives as the agency bragging. According to a new post on the social media platform X from Ripple CLO Stuart Alderoty, the SEC is looking at its year-in-review incorrectly. Says Alderoty, “The SEC bragging about record fines collected is like a professor boasting about their highest-ever class failure rate and the most cheating scandals. It’s not a measure of success – it’s an indictment of oversight gone terribly wrong, driven by perverse incentives.” The Ripple CLO was responding…

Rethinking energy storage with Bitcoin mining

MiningNov 28

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Energy generation is a great thing for humanity. The famous astrophysicist Nikolai Kardashev went as far as considering energy generation as the one factor to evaluate how advanced a civilization is. So, when we hear that the AI industry is projected to consume around 120 GW by 2030 or that Bitcoin (BTC) mining is estimated to be currently consuming around 17.6 GW globally, we may actually consider these as signs of advancement and progress. You might also…