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.

Over 300 Million Users Depend on Tether’s USDT, Says Paolo Ardoino

RegulationJun 18

Tether CEO Paolo Ardoino recently emphasized USDT’s significant role in driving demand for the US dollar in emerging markets. Ardoino’s comments were in response to an article suggesting that dollar-backed stablecoins contribute to the demand for US public debt. Over 300 Million People Use USDT Ardoino revealed that over 300 million people globally use USDT as a digital dollar, offering essential financial services to communities in developing countries. This stablecoin enhances the efficiency of money transfers and storage, bypassing traditional financial systems that often exclude the underbanked. “USDT is being used by more than 300 million people across the world…

MetalCore launches Barony guild system to enhance PvP experience

GameFiJun 18

Blockchain-based game MetalCore introduces its guild program called Barony system, according to an announcement from Studio 369, the team behind the title. This system allows players to establish self-governed factions, known as Baronies, enhancing their gameplay experience through accelerated progression, resource sharing, and recruitment opportunities. Players within these Baronies can unite to dominate large-scale PvP faction wars. Each Barony features a full hierarchy of roles, starting from the supreme Baron leader to Ministers, Knights, Initiates, and more. Higher-tier “Premium Baronies” enjoy additional privileges like exclusive in-game events. “With Baronies, we’re enabling gamers to create their own powerful in-game nations and…

Charles Hoskinson Advocates Blockchain Technology for Transparent Elections

BlockchainJun 18

Cardano’s Hoskinson advocates for a blockchain-paper dual system to enhance election security and transparency. RFK Jr. and Hoskinson support a dual voting system to mitigate electoral irregularities in the US. Political candidates like RFK Jr. and Trump are integrating cryptocurrency issues into their campaigns. Blockchain technology is being commended as a potential solution to electoral irregularities, with notable voices like Cardano Founder Charles Hoskinson advocating for its integration. The recent debate on X has brought this to the forefront, highlighting the limitations of relying solely on digital voting systems. Blackchain with paper for a dual system where the analog and…

Mt. Gox Could Benefit Ethereum Upon Spot ETF Launch, Insider Claims, Here's How

BitcoinJun 18

Chinese cryptocurrency journalist and blogger Colin Wu has tweeted that the current situation with the bankrupt Mt. Gox crypto exchange and the funds in Bitcoin and Bitcoin Cash it owes to creditors may be beneficial for spot Ethereum exchange-traded funds recently approved by the U.S. Securities and Exchange Commission (SEC). Ethereum may potentially benefit from Mt. Gox uncertainty Wu quoted a post from the QCP Capital’s Telegram channel. The message says that the uncertainty about the Bitcoin payouts, which are to be made by Mt. Gox to its creditors in October, has the potential to benefit Ethereum when spot ETH…

Maduro critics say Venezuelan president will use crypto to evade sanctions

RegulationJun 18

Venezuelan political critics and activists have alleged that President Nicolás Maduro and his government are seeking ways to circumnavigate international sanctions, with crypto transactions being one of the methods they plan to use. Maduro failed to honor a free and fair election agreement scheduled for July. The disagreement led to the U.S. reinstating gold and oil sanctions imposed on some members of the Venezuelan government in late May. Chainalysis’ head of national security Andrew Fierman told Bloomberg that some regimes subject to sanctions try to evade them with crypto. Members of U.S. Congress expressed similar concerns in 2022 over whether…

Almost 10 Billion Dogecoin (DOGE) in 24 Hours: What's Happening?

AltcoinsJun 18

Dogecoin continues to capture significant attention on the cryptocurrency market. This time, it is thanks to the growth of such on-chain value as whale-tier transactions and others, as 10 billion DOGE being transacted in a 24-hour period suggests. Let's break down data from current indicators. A total of 1.5 thousand transactions were made with Dogecoin in the last 24 hours. While on June 7, 2024, there were 1.89 thousand transactions, and on June 9, 2024, there were only 1.18 thousand transactions. Dogecoin transactions are gaining interest and participation, as evidenced by this high level of activity. The market as a…

analyst reiterates Buy rating and $4 price target

MiningJun 18

HC Wainwright has reiterated a buy rating with a target price of $4 for the Bitfarms (NASDAQ:BITF) stock. According to HC Wainwright analyst Mike Colonnese, Bitfarms is currently one of the “most attractively valued stocks in BTC mining.” The company’s indication that it’s open to a sale if that maximizes shareholder value suggests that any successful bid could come at a hefty premium compared to where BITF currently trades. Colonnese, who initiated coverage for the Bitcoin mining firm’s stock early this month, issued the bullish forecast for BITF in a research note published on Monday, June 17. Analysts reiterate buy…

IQ.wiki Announces the Integration of Its IQ GPT Chat Bot with Openmesh Network

BlockchainJun 18

IQ.wiki, a well-known blockchain encyclopedia, has recently announced an exclusive integration with an open-source project. As per the platform, it is integrating with Openmesh, an open-source project that targets developing data infrastructure to safely keep worldwide data. The company disclosed this development on its official social media account on X. We're pleased to announce that @OpenmeshNetwork, an open-source project aimed at transforming data and infrastructure management has integrated the leading #AI assistant, IQ GPT Chatbot. pic.twitter.com/29SJD4TIjV — IQ (@IQWIKI) June 16, 2024 IQ.wiki Announces Integration between Its Chat Bot IQ GPT and Openmesh In its announcement, IQ.wiki expressed its enthusiasm…

Bitcoin Investment Products Saw Over $600M in Outflows Last Week: CoinShares

RegulationJun 18

The outflows offset minor inflows for a broad selection of altcoins, including ETH, LIDO and XRP. Crypto markets have been laid low by a hawkish stance on interest rate cuts by the FOMC. Bitcoin investment products saw a total of $621 million in outflows last week following mixed economic signals from the U.S, according to asset manager CoinShares. Across the broader digital asset ecosystem, investment products saw net $600 outflows of $600 million, entirely driven by BTC's losses. This was the largest figure since March 22. Grayscale's GBTC was the worst affected, as it often is, experiencing $273 million of…

Massive Shiba Inu Burn Coming Soon: Details

AltcoinsJun 18

A massive Shiba Inu burn could occur today as popular community member “1c Dream” prepares to incinerate 100 million SHIB tokens. According to a series of X posts, the hefty SHIB burn is slated to occur today, June 13, at 18:00 EST (22:00 UTC). Famous Shiba Inu enthusiast Casey Stubbs confirmed the development, claiming the burn will be a live event. The day has come 🔥 100M $SHIB burn is today 🔥 Join this beautiful moment ❤ Born for $SHIB and #SHIBARMY #Shibarium #ShibaSwap $SHIB $CENT https://t.co/IYGd70pKFW — 1cDREAM (@1cDream) June 13, 2024 Burns to Occur Live At the event,…