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.

Bored Ape Yacht Club’s (BAYC) Floor Prices Plunge Below 10 ETH: NFT Community in Shock

NFTJun 18

According to Blur, a non-fungible token (NFT) marketplace, the price of the Bored Ape Yacht Club (BAYC) has dropped sharply in the past 24 hours, falling below 10 Ethereum (ETH). This steep decline has surprised the NFT community, sparking discussions and concerns about the future of BAYC and the broader NFT market. NFT Community Stunned as BAYC Prices Dip Below 10 ETH At the time of writing, Blur lists BAYC’s floor price as 8.95 ETH. Meanwhile, OpenSea, another major NFT marketplace, shows a slightly higher floor price of 9.49 ETH. Converting the current prices into USD, with 1 ETH equaling…

IOTA Web3 ID Solution Chosen for European Blockchain Sandbox

AltcoinsJun 18

TL;DR: The Web3 Identification Solution built by the IOTA Foundation, walt.id, IDnow, Bloom Wallet, and HAVN, has been selected for this year’s European Blockchain Sandbox. The solution tokenizes all kinds of identification processes, enabling users to verify their identity in Web3 environments while maintaining control over their personal information. We are thrilled to announce that the Web3 Identification Solution built by the IOTA Foundation with walt.id, IDnow, Bloom Wallet, and HAVN, has been selected to take part in the European Blockchain Sandbox, initiated by the European Commission. This is a testament to the solution’s innovative potential for Know-Your-Customer (KYC) processes…

Base DEX Trading Users Hit New Highs With Meme Coins Growth

ExchangesJun 18

Key Points: Coinbase’s Base network hit a record 267,000 DEX trading users, surpassing BNB Chain and trailing only Solana. Uniswap leads Base DEX trading users, driven by a vibrant meme coin market. Base’s total asset value locked (TVL) surged from $520 million to $2 billion in 2024. According to Dune Analytics, Coinbase’s Ethereum layer-2 network, Base, has recently experienced significant growth, shattering its previous record for decentralized exchange (DEX) trading users. Base DEX Trading Users Achieves Record Growth As of June 17, the number of Base DEX trading users surged to 267,000, surpassing BNB Chain and ranking second only to…

Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures

MiningJun 18

In the last three days, bitcoin miners have experienced an 8.4% drop in profits, echoing a decrease in bitcoin prices. Since then, the network’s hashrate has fallen below the 600 exahash per second (EH/s) mark. Price Drop Squeezes Bitcoin Mining Profits Revenue for bitcoin miners has declined as the hashprice, the revenue from 1 petahash per second (PH/s) of hashing power per day, has diminished by 8.4% since June 14, 2024. Just three days prior, miners were earning $57.36 per petahash, but now, the hashprice stands at $52.53. On June 12, two days beforehand, bitcoin was trading just above $69,000.…

Feds, Chainalysis reveal $169m in Bitcoin controlled by 911 S5 botnet

BitcoinJun 18

Blockchain forensics firm Chainalysis has discovered $169 million in Bitcoin connected to the 911 S5 botnet, facilitating the arrest of Chinese national Yunhe Wang. Crypto analysis firm Chainalysis has traced $169 million in Bitcoin linked to the notorious 911 S5 botnet, a revelation that played a crucial role in the recent arrest of Yunhe Wang, a Chinese national allegedly involved in controlling the botnet. In a blog post, the New York-headquartered firm said the botnet’s illicit operations enabled it to generate substantial revenue through crypto subscriptions sold to cybercriminals engaging in activities like password spraying attacks, financial fraud, identity theft,…

Ripple CTO Puzzles XRP Army with Enigmatic X Post: Details

AltcoinsJun 18

David Schwartz, known as @JoelKatz on the X platform (formerly popular as Twitter), the chief technology officer (CTO) at Ripple has published an enigmatic tweet that prompted an enthusiastic reaction of the XRP community. The tweet contains just two words but it has got the XRP army buzzing. Ripple CTO excites the XRP army with his tweet Schwartz posted just two words – “You AREsterdam.” Many commentators were puzzled, publishing comments as to what prompted the CTO to post that tweet. However, those who joined the discussion later, began writing “I Amsterdam” in response to show it is clear to…

Binance faces backlash following announcement to delist FET

ExchangesJun 18

Binance released an announcement stating it will delist FET, stirring FUD among holders. FET experienced a heavy price drop following the announcement, with crypto community members criticizing Binance. FET is down 8% following the announcement. Fetch.ai (FET) suffered a sharp decline earlier on Monday after the crypto exchange Binance sparked FUD with a misinterpreted announcement that it would delist FET. FET's price dropped following the controversial announcement from Binance On Monday, FET was the subject of controversy after Binance announced it would delist the token on July 1. The timing and delivery of the message aroused fear, uncertainty, and doubt…

Bitcoin Miner Manufacturer Auradine Teams with CPower, Voltus to Boost Mining Efficiency

MiningJun 18

Today, Auradine, a Silicon Valley-based Bitcoin miner manufacturer, has strategically partnered with virtual power plant providers CPower and Voltus. The collaboration aims to enhance energy demand response and grid stability using Auradine’s EnergyTune technology. This technology allows Bitcoin miners to adjust their energy consumption in real-time. It could also reduce usage during peak demand periods and increase production during times of surplus. Auradine to Enhance Bitcoin Miners’ Efficiency with EnergyTune The initiative aims to support a more sustainable and flexible energy future by integrating demand response capabilities within the Bitcoin mining industry. Auradine’s EnergyTune technology and its collaborations with CPower…

Bitcoin flashes strongest signal for parabolic rally; Is $100k next?

BitcoinJun 18

With Bitcoin (BTC) hitting an all-time high of over $73,000 in March, much of the market consensus has focused on $100,000 as the next record price. This target could become a reality, according to an analysis by crypto trading expert TradingShot, who noted that Bitcoin may be on the brink of a major price surge. In a TradingView post on May 29, the analyst highlighted several insights suggesting that Bitcoin is entering the final and most aggressive phase of its current bull cycle, the parabolic rally. “Bitcoin (BTCUSD) is starting the final and most aggressive part of the current Bull…

NEAR Foundation Forms Nuffle Labs With $13M in Funding

AltcoinsJun 18

The fundraise included a grant from the Foundation and external investment by Electric Capital. Nuffle Labs will use NEAR to offer rollups via NEAR's Data Availability (NESR DA) and Fast Finally Layer (NFFL) products. NEAR Foundation, the non-profit steward of the blockchain ecosystem of the same name, has formed Nuffle Labs with $13 million in funding. The spinout is aimed at advancing NEAR's modularity and bringing more decentralized development to the ecosystem, according to an emailed announcement on Thursday. "As an independent entity, Nuffle Labs will now be able to make agile decisions, ensuring that NEAR Modular products remain competitive,"…