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

Is Mt. Gox A Worry For Bitcoin? Crypto Analyst Weighs In

By NBTC19/06/2024

Bitcoin outflows from the Mt. Gox exchange have occurred in the past day, making some worry about potential bearish effects. Here’s what an analyst thinks. Mt. Gox Has Made Several Bitcoin Transactions In The Last 24 Hours During the past day, several movements from wallets associated with the bankrupt cryptocurrency exchange Mt. Gox have been spotted on the Bitcoin blockchain. The platform had announced plans to repay its creditors, so the transactions are likely related to them. Mt. Gox has moved out 137,890 BTC in total, worth almost $9.4 billion at the current cryptocurrency exchange rate. With these transfers, the…

Ethereum

Is ETH in Danger of Falling to $3K or Will the Bulls Wake Up? (Ethereum Price Analysis)

By NBTC19/06/2024

Ethereum’s price has landed on a decisive and substantial support region following a brief consolidation correction stage, with potential for a bullish reversal. However, if Ethereum sellers breach this pivot, a cascade in the market is likely. By Shayan The Daily Chart A closer look at the daily chart shows that Ethereum has reached a pivotal support region after a brief consolidation correction stage. This region encompasses the price range between the 0.5 ($3421) and 0.618 ($3289) Fibonacci levels, aligning with the substantial support of the 100-day moving average ($3412). T The alignment of these support indicators highlights the strength…

Regulation

U.S. Credit Card Holders Most Stressed Since 2012

By NBTC19/06/2024

The percentage of credit card loans in serious delinquency has risen to the highest in over a decade. That may indicate a challenging period ahead for the U.S. economy and speculative activities. Top meme coins have dropped 20% in four weeks. The U.S. consumer is increasingly struggling to keep up with credit-card loan payments, painting a challenging picture for the economy and speculative activity in non-serious assets like meme coins. The percentage of credit card loans in serious delinquency, with balances outstanding for more than 90 days, increased to 10.69% in the first quarter, the highest since second-quarter 2012, data…

Altcoins

SHIB and PEPE Print Triple-Digit Surge in Large Transactions

By NBTC19/06/2024

There is an ongoing revival in the broader digital currency ecosystem, and meme coins like Shiba Inu (SHIB) and PEPE are riding the waves. At the time of writing, the meme coin ecosystem is trading up by 4.47% in 24 hours to $58,026,790,606, and Shiba Inu and PEPE are up by 2.34% and 14.07% to $0.00002246 and $0.00001367, respectively. More correlated bullish metric Besides the uniformity in the price surge, these meme coins have seen a triple digit in large transaction count from whales in their respective ecosystems. Per data from crypto analytics platform IntoTheBlock, SHIB has seen a 170.84%…

Mining

This Wall Street Firm Says Best Bitcoin Mining Stock Isn't a US Company

By NBTC19/06/2024

Among a slew of publicly traded Bitcoin mining companies, Cantor Fitzgerald says one firm in particular is being vastly undervalued by the market. In an equity research report last week, the veteran Wall Street investment bank said that the stock of Singapore-based Bitdeer (BTDR) currently has the “lowest implied value of any miner we cover” when comparing the firm’s present price to its expectations for hash rate growth. “We believe BTDR can more than 4x its hash rate capacity,” wrote Cantor. As of May 2024, the company had a total hash rate of 22.5 exahashes per second (EH/s) across its…

Blockchain

BOB’s Hybrid Layer Two Solution

By NBTC19/06/2024

Bitcoin & Beyond is an educational series by the team at The Rollup focused on a new and emerging class of builders in the Bitcoin ecosystem. Through spaces, panels, and interactive presentations, the objective is to provide deep technical insights into innovative scaling projects. [embed]https://www.youtube.com/watch?v=Qn3_6P5OyJM[/embed] In our latest feature for Bitcoin & Beyond, we’re exploring BOB, a novel, hybrid, layer solution that aims to marry Bitcoin’s robust security with the agility of Ethereum. We caught up with Dom, co-founder of BOB, to understand BOB’s staged approach to development and their new merged-mining protocol, Optimine. Reigniting Innovation in Bitcoin Through Layer…

DeFi

SynFutures TVL Hits $62 Million Amid Base Expansion

By NBTC19/06/2024

Decentralized derivatives protocol SynFutures has announced plans to expand its market share and is considering a Coinbase Layer-2 network as its platform. The venture will enable its commitment to support emerging meme coin projects with incentives available for the best performers. SynFutures Joins the Meme Coin Craze In a recent X post, SynFutures announced plans to expand its market reach on the Coinbase L2 network, Base. The decentralized derivatives protocol will also launch a six-week campaign blitz christened “Memecoin Perp Summer.” This marketing strategy is toward expanding community asset listings. Based on the post, there are rewards or incentives for…

Ethereum

What Investors Need to Know

By NBTC19/06/2024

New data from the on-chain analysis resources Santiment shows that an intriguing trend has emerged across the Bitcoin (BTC) and Ethereum (ETH) ecosystems. So far, Bitcoin has experienced a drop in active wallets “the like of which we have not seen since the days before the price kicked off on its current run toward $20k,” According to Santiment, It was the largest three-day decrease in non-zero Bitcoin wallets since recent memory, reflecting how holders are becoming more wary. Meanwhile, this is very different with Ethereum network. Instead of being overtaken by carefulness, the network is a proof of something unexplored.…

Regulation

Standard Chartered-backed Zodia Custody gains funding from Australia’s largest bank

By NBTC19/06/2024

Crypto custodian Zodia Custody has secured funding from Australia’s largest bank, bolstering its position in the institutional digital asset custody sector. Zodia Custody, an institutional-grade crypto custodian backed by Standard Chartered, has secured funding from NAB Ventures, the venture capital arm of National Australia Bank (NAB), one of the largest financial institutions in Australia. In a press release seen by crypto.news, the latest funding means Zodia Custody is now backed by four major financial institutions worldwide, adding to previous investments from Standard Chartered, Northern Trust, and SBI Holdings. Managing Director of NAB Ventures, Amanda Angelini, emphasized that the decision to…

Altcoins

Tether teases new assets as old ones are forgotten

By NBTC19/06/2024

Tether chief exec Paolo Ardoino has taken to X (formerly Twitter) to tease that Tether is prepared to “unveil its new class of digital assets” next week. It’s not clear exactly what digital assets will be announced next week, but we do know that they will be the latest in a long line of digital assets launched by the stablecoin giant, many of which have now been largely forgotten. The most popular asset Tether has created is, of course, USDT, which is ‘tethered’ to the value of the US dollar. However, it also has assets tied to other currencies like…