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Author: 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

Mt Gox distributions may not be all doom and gloom for bitcoin

By NBTC

Movement of bitcoin from the known Mt Gox wallet to a new address earlier this week caused a bit of panic as investors wondered what was happening. Former CEO Mark Karpelès assured people that the move was made to prepare for distributions. The estate then put out a statement echoing Karpelès. None of this is out of the norm, as the trustee has to prepare for the distributions which have a deadline of Oct. 21. Obviously, the distributions have the potential to apply a lot of pressure on the market. It’s also a hotly discussed topic, with research firms like…

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Altcoins

Shiba Inu Lead Arrives United States, Community Reacts

By NBTC

The enigmatic Shiba Inu lead developer stirs reactions among SHIB enthusiasts as his location mark on X changes to Colorado, United States. Kuro, a Japanese-based Shiba Inu community member, highlighted this change in a recent post. The community member shared a screenshot showing that Kusama has modified his X location mark to Vail, a municipality in Colorado, United States. Kuro added a ‘thinking face’ emoji to the tweet, indicating curiosity regarding Kusama’s mission in the city. Shytoshi Kusama's current location is… 👀 📍Vail, CO 🤔 pic.twitter.com/mfGJmPxfkl — KURO🐾SHIBARMY JPN🇯🇵 (@kuro_9696_9696) June 13, 2024 The Crypto Basic also confirmed that Kusama’s…

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Exchanges

How We’re Building the Industry’s Most User-Centric Technology

By NBTC

Reaching 200 million registered users is a monumental achievement for a global technology company operating around the clock in an ever-evolving industry. This milestone doesn’t just underscore the resilience, security and stability of our platform; it’s also a testament to the unwavering support of our community. We’re always listening to our users, whose feedback drives our pursuit of excellence and commitment to serving them better. Since we’ve passed the 200-million mark at the halfway point of 2024, it seemed like an appropriate time to reflect on how everything we’ve built and shipped so far this year has got us to…

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Bitcoin

Major Bitcoin Funds Adjust Holdings – Who’s Buying and Who’s Selling?

By NBTC

Concerning Bitcoin Exchange Traded Funds (ETFs), recent data reveals a notable shift in investor behavior and fund management strategies. The latest figures from May 29, analyzed by Lookonchain, highlight significant movements in Bitcoin holdings across several key ETFs, showcasing a broader trend of strategic asset reallocation within the crypto space. Strategic Movements Across Major ETFs The data shows that BlackRock’s iShares Bitcoin Trust (IBTC) led the inflow, adding 1,503 BTC, valued at approximately $102 million, bringing its total holdings to 288,671 BTC, worth around $19.59 billion. This move underscores BlackRock’s continued confidence in Bitcoin, reinforcing its position as a major…

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Altcoins

Stellar Ecosystem Rallies for Brazilian Flood Relief Through Crypto Fundraiser

By NBTC

Stellar is contributing to the relief efforts in Brazil through donations hosted by CheesecakeLabs. The choice of Stellar is to bolster transparency and proper fund management. The Stellar network, an open-source decentralized protocol, was recently utilized to raise funds for Brazilian food relief. This development is in response to heavy rains and winds that slammed the northern region of Rio Grande do Sul, Brazil in late April. Brazil Leverages Stellar Blockchain for Crypto Fundraiser Leveraging the Stellar blockchain, a crypto fundraising campaign was raised by CheesecakeLabs, a Brazilian engineering firm within the Stellar ecosystem. The fund aims to aid affected…

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Exchanges

Bybit Integrates Apple Pay to Enhance Cryptocurrency Purchases

By NBTC

The cryptocurrency exchange Bybit has integrated Apple Pay with its Bybit Card. This new feature promises a blend of security, convenience, and competitive pricing for users purchasing cryptocurrencies via the Bybit app or website. According to the press release, this latest offering enables Bybit's users to use over 20 fiat currencies to purchase cryptocurrencies with Apple Pay, reportedly with zero transaction fees until July 1, 2024, 10 AM UTC. This promotion aims to encourage users to easily buy cryptocurrencies with their preferred payment currency directly through Apple Pay. Apple Pay offers a payment method that is authenticated by Face ID,…

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Bitcoin

Bitcoin ‘Sharks’ Dive In: Santiment Shows Increased Accumulation

By NBTC

Bitcoin (BTC), the world’s leading digital asset by market capitalization, could be poised for a surge as large holders, often referred to as “sharks,” accumulate the cryptocurrency, signaling a potential end to the bear market. According to blockchain data platform Santiment, wallets holding 10 or more BTC have continued to purchase the cryptocurrency in recent months. Santiment noted, in a post, that these larger wallets tend to drive prices higher during bullish cycles and contribute to bear markets when they sell off. The blockchain analysis platform shared a chart illustrating the behavior of these Bitcoin holders during bullish and bearish…

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Altcoins

SyncSwap to Distribute 100% of ZKsync Airdrop to The Community!

By NBTC

Key Points: SyncSwap announces it will give back 100% of ZKsync airdrop to users on the X platform. Details on distribution methods and timelines are to be disclosed soon. SyncSwap has announced plans to distribute 100% of the ZKsync airdrop share back to its users. This very forward gesture is best materialized by giving away free assets that will make up the user base of a DeFi universe—its users. Thanks to @zksync and @TheZKNation for the airdrop – 100% going back to the community. Stay tuned for updates! — SyncSwap (∎, ∆) (@syncswap) June 13, 2024 However, the date of…

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Exchanges

Binance needs ‘new intern’ after misjudged Family Guy meme

By NBTC

Binance says it “clearly needs a new intern” who “understands global cultural taboos” after it came under fire for posting a racially-themed meme of Family Guy’s Peter Griffin on Saturday. The Binance account shared the meme in which the character Peter Griffin is stopped while driving into the US by a toll booth attendant who decides if he can enter based on the whiteness of his skin. Binance edited the meme to show Binance users in the ‘light-skinned’ category and users with 2-factor authentication in the ‘dark-skinned’ category. “You’re safeguarded; please proceed,” the caption read. One user’s screenshot of the…

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Bitcoin

Bitcoin ETFs Experience Positive Inflows for the 12th Consecutive Day! Which Company Leads? Here are the Details

By NBTC

Spot Bitcoin exchange-traded funds (ETFs) in the US recorded significant investment inflows on Wednesday, with daily net inflows totaling $28.32 million. This marks the 12th consecutive day of net inflows, the longest streak since late February. BlackRock's IBIT Leads Net Inflows in Spot Bitcoin ETFs BlackRock's iShares Bitcoin Trust (IBIT) led the way, attracting $24.5 million in new funding, according to SoSoValue data. This performance solidified IBIT's position as the largest Bitcoin ETF by net assets under management, a title it achieved just a day ago. In contrast, Grayscale's Bitcoin Trust (GBTC) experienced a net outflow of $31 million, widening…

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