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.

Bitcoin

BlackRock adds $4.1 million of its IBIT spot Bitcoin ETF to two funds

By NBTC19/06/2024

Asset management giant BlackRock added $4.1 million worth of its spot Bitcoin ETF shares to two of its funds, according to May 28 SEC filings. The asset manager added $3.6 million of its iShares Bitcoin Trust (IBIT) shares to its BlackRock Strategic Income Opportunities Portfolio (BSIIX). It also added $486,000 worth of IBIT shares to its BlackRock Strategic Global Bond Fund (MAWIX). Each purchase covers additions in the first quarter of 2024. BlackRock previously disclosed plans to add IBIT to its other funds in its SEC filings on March 8. The company also reported owning $6.6 million of IBIT shares…

Ethereum

Crypto Whale Dumps $35.4 Million as ETH Price Tumbles

By NBTC19/06/2024

A prominent Ethereum whale with the wallet address 0xf07 has offloaded $35.4 million worth of Ethereum (ETH) over the last two days. This transaction comes at a critical time when Ethereum’s price has sharply declined, falling below the $3,500 mark. Meanwhile, many other long-term holders have started reducing their Ethereum exposure. Ethereum Whales Decrease Their Holdings Originally, the crypto whale acquired ETH during the Ethereum Initial Coin Offering (ICO) in 2015, purchasing 150,000 ETH at just $0.31 per token. Since that time, the value of Ethereum has dramatically increased, yielding substantial returns on the initial investment. In the past two…

Regulation

Bank of Thailand Boosts Gold Reserves to Push De-Dollarized Trading System Fueled by CBDC

By NBTC19/06/2024

The Bank of Thailand might be increasing its gold reserves to power a de-dollarized trading system, according to Jan Nieuwenhuijs, a gold market analyst. Nieuwenhuijs states that the Bank of Thailand’s constant gold purchases might indicate the nation is preparing to address the possible trade imbalances derived from using Mbridge, a CBDC cross-border settlement project. Thailand’s Gold Rush Explained by Future CBDC Trading Push Using Mbridge Thailand might be preparing to address the imbalances of a central bank digital currency (CBDC) led trading system using Mbridge, a CBDC-driven cross-border settlement project. Jan Nieuwenhuijs, a gold market analyst, believes that this…

Altcoins

XRP Ledger EVM Sidechain Receives Major Update From Ripple

By NBTC19/06/2024

Ripple has issued a new update on one of the developer community's top requests: bringing Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger. Ripple also revealed the official name of the highly awaited sidechain, which is "XRPL EVM Sidechain." The sidechain is expected to provide new opportunities for XRPL developers in decentralized finance (DeFi) and real-world asset (RWA) tokenization, hence encouraging innovation and expanding the network's value and reach. 1/ Introducing the XRPL EVM Sidechain: We're excited to bring Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger, enhancing interoperability and unlocking new opportunities in DeFi and RWA. https://t.co/lenc4Bl9TZ…

Blockchain

Chainlink-Powered Brickken Joins European Blockchain Sandbox for Tokenization

By NBTC19/06/2024

Brickken, a Chainlink-powered platform is joining the European Blockchain tokenization sandbox. Brickken is expanding it tokenization prowess to complement multiple partners and protocols it is linked with. Chainlink-powered Brickken has been admitted to participate in the European Blockchain Sandbox with a view to ramping up tokenization. This program, led by the European Commission, encourages collaboration between blockchain creators and regulators to navigate the legal space. Brickken to Leverage Digital Asset Suite for Tokenization Brickken’s participation presents a unique opportunity, as one of only 20 projects to directly influence the regulatory framework for tokenized assets in Europe. The company will leverage…

Bitcoin

Bitcoin Price Struggles to Reclaim $70K: Will the Bulls Prevail?

By NBTC19/06/2024

Bitcoin price struggled to stay above $70,000 and corrected gains. BTC is now trading below $69,000 and showing a few bearish signs. Bitcoin extended its downside correction below the $69,000 zone. The price is trading below $69,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $67,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there is a move below the $67,500 support. Bitcoin Price Revisits Support Bitcoin price started a downside correction after it failed to stay above the…

Ethereum

Spot Ether ETFs Poised for Trading

By NBTC19/06/2024

The U.S. Securities and Exchange Commission (SEC) has approved several spot Ether exchange-traded funds (ETFs), allowing them to be listed and traded. However, before these ETFs can be traded, their S-1 registration statements must still go through a separate review process by the SEC, which includes potential amendments based on SEC comments. This additional step means that trading may not begin immediately. These spot Ether ETFs will directly track the price of Ethereum, providing a simpler and more accessible investment vehicle compared to futures-based ETFs. This move is expected to attract substantial institutional investment and could significantly boost Ethereum's market…

Regulation

IMF Says CBDCs Could Boost Middle East's Financial Inclusion, Payment Efficiency

By NBTC19/06/2024

An IMF survey of the Middle East and Central Asian region has concluded that while CBDC's may not be essential they can advance financial inclusion and lower the cost of financial services. The uptake of CBDC's may only have marginal benefits in the Middle East and Central Asia if other barriers are not addressed, the IMF findings said. Central bank digital currencies (CBDCs) may not be essential to achieve intended policy goals, according to a survey of 19 central banks in the Middle East and Central Asia (ME&CA) region by the International Monetary Fund (IMF). The survey also said that…

Altcoins

300% Spike in Shiba Inu Token Transaction Fees Stuns Shibarium

By NBTC19/06/2024

Shibarium, the layer-2 blockchain solution for Shiba Inu, has seen a massive 300% increase in average transaction fees over the past 24 hours. According to the latest data, the average amount spent per transaction in BONE, the native token of the Shiba Inu ecosystem, increased from 0.00452 BONE to 0.012 BONE, as reported by Shibariumscan. Shibarium is designed to facilitate the transfer of Shiba Inu tokens, with BONE tokens covering transaction fees. A portion of each transaction fee in BONE is converted to SHIB and sent to a dead wallet, reducing the overall supply of tokens through burning. This increase…

Blockchain

BNB Chain BEP-336 Coming Soon Inspired by Ethereum’s EIP-4844

By NBTC19/06/2024

Key Points: BNB Chain BEP-336, inspired by Ethereum’s EIP-4844, scheduled to launch on June 20, will help cut transaction costs by up to 90%. BEP-336 introduces Blob-Carrying Transactions to simplify and optimize data storage and verification. The update will also enhance BNB Greenfield’s decentralized storage, improve network performance, and benefit users and developers. On June 18, BNB Chain unveiled BEP-336, a groundbreaking protocol inspired by Ethereum’s EIP-4844. This new update aims to revolutionize data storage and processing on the blockchain, promising to reduce transaction costs by up to 90%. BNB Chain BEP-336 Launched to Reduce Transaction Costs BNB Chain BEP-336…