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.

GameStop Stock Plummets as Shareholder Meeting Avoids Roaring Kitty Hype

RegulationJun 17

GameStop’s stock price plunged 13% early Monday afternoon to a price just above $25 as hype cooled following a delayed shareholder meeting, where the firm’s most prominent investor went unnamed. The price of GME shares has been turbulent since the online return of Keith Gill, better known as Roaring Kitty. The meme stock influencer reignited interest in the video game retailer last month, posting for the first time in years after emerging as the de facto face of GameStop fans in 2021. Gill’s online return has been viewed among GameStop’s believers as a significant event, to the point where people…

Solana token BEER crashes 85% following insider sell-off

AltcoinsJun 17

After rising 5,200% over two-and-a-half weeks, the Solana meme coin BEER crashed 85% in a few days following massive sell-offs by insider traders, as reported on X by a user identified as Wazz. The dump of 13 different wallets amounted to over $15 million during this period. The Solana shitcoin $BEER went down 80% a few days after listing on @Bybit_Official with insiders/team cashing out $15M+ The team/insiders controlled 50%+ of supply One of the biggest and more ellaborate meme scams I've seen so far here are the wallets that caused the dump🧵 pic.twitter.com/ngdtVs7T0F — Wazz (@WazzCrypto) June 13, 2024…

BlackRock and Jiritsu Network Partner to Advance RWA Tokenization

BlockchainJun 17

In 2024, the financial industry is witnessing a transformative trend where traditional finance (TradFi) converges with blockchain technology, notably through Real-World Asset (RWA) tokenization. — Leading asset management giant BlackRock has emerged as a pivotal player in this arena, spearheading significant advancements in RWA following its successful launch of a Bitcoin ETF earlier this year, which now manages an impressive $21 billion in BTC volume. The Rise of Real-World Asset Tokenization RWA tokenization marks a paradigm shift, democratizing access to diverse assets such as bonds, stocks, real estate, and cultural assets. These assets are being digitized into tokens, promising enhanced…

This Bitcoin Metric Is “One Of Crypto’s Top Leading Indicators”: Santiment

BitcoinJun 17

The on-chain analytics firm Santiment has explained how this Bitcoin indicator has been one of the top leading indicators in the cryptocurrency market. Holdings Of Bitcoin Investors With At Least 10 BTC May Correlate To Price In a new post on X, Santiment has discussed about a metric that has historically been one of the top leading indicators in the sector. The metric in question is the total amount of supply held by the Bitcoin investors carrying at least 10 BTC in their wallets. At the current exchange rate of the cryptocurrency, this cutoff is equivalent to around $683,000. As…

The NFT artist Andrea Crespi together with others at the Rebirth Rebuilt 1/100 in Milan

NFTJun 17

On June 18, 2024, the new event Rebirth Rebuilt 1/100 will take place in Milan, presenting the new format that features the dialogue between art and the real estate market: among the artists, Andrea Crespi, famous in the NFT Art sector, will also be present. The NFT artist Andrea Crespi at the premiere of Rebirth Rebuilt 1/100: art and the real estate market The NFT artist Andrea Crespi and the artful living of the Rebirth Rebuilt 1/100 in Milan The conquest of Asia by Crespi The NFT artist Andrea Crespi at the premiere of Rebirth Rebuilt 1/100: art and the…

Ethereum Primed To Explode by up to 470% Amid Incoming ‘Mega Pump,’ Says Crypto Analyst – Here’s the Timeline

EthereumJun 17

A widely followed cryptocurrency analyst and trader believes that Ethereum (ETH) could go up by triple-digit percentage points from the current price. The analyst pseudonymously known as Credible tells his 396,700 followers on the social media platform X that Ethereum could rise to a five-figure price during the current cycle. “ETH to $10,000 minimum by end of cycle. Realistically, significantly higher than that. I like $20,000 because it matches Bitcoin’s 2017 top and it’s a nice, round number to target after $10,000 is breached.” Ethereum, which is trading at $3,510 at time of writing, would need to appreciate by between…

Ripple’s $500 Million XRP Fund Fuels Jasmy Collaboration Rumors

AltcoinsJun 17

Speculation is rife within the cryptocurrency community about a potential partnership between Ripple, the U.S.-based crypto payments firm, and Jasmy, a Japanese blockchain platform. This speculation arose after Ripple announced the creation of a fund in Japan and Korea to foster innovation on the XRP Ledger (XRPL), signaling further expansion in the Asia-Pacific region. Ripple noted in a Tuesday statement that the funds will support corporate partnerships, developer grants, startup investments, and community growth. This new fund will be financed by Ripple’s 1 billion XRP committed in March 2022 to provide financial, technical, and business support for developers. Given Ripple’s…

Companies in Two Capital Markets Reportedly in Negotiations to Implement Microstrategy's Bitcoin Business Model

BitcoinJun 17

Companies in two capital markets are looking to implement the business model that Microstrategy, led by entrepreneur Michael Saylor, pioneered in the U.S. According to David Bailey, CEO of Bitcoin Magazine, who denied one of these markets to be Korea, these operations are currently in the negotiation stage. More Companies Looking to Adopt Microstrategy’s Bitcoin Purchasing Strategy As cryptocurrency gets institutionalized, more companies seek to add bitcoin to their reserves and make it a key tool in their operational plans. David Bailey, CEO of Bitcoin Magazine and crypto aide of the Trump campaign, has confirmed companies in two foreign countries…

Why John Gerrard Is Generating Hourly Ethereum NFT Art for a Full Year

NFTJun 17

On Tuesday, digital art purveyor Feral File will debut “Crystalline Work,” a new generative, on-chain series from the Irish contemporary artist John Gerrard that will algorithmically produce new pieces every hour for the next year. The series, set to become the longest-running on-chain performance art project ever attempted, returns Gerrard to familiar territory: environmental activism. In “Crystalline Work,” a robot stationed at a digital, barren version of the North Pole performs an algorithm inspired by ice formations to create intricate designs made of crystal bar lattices. The series also utilizes another Gerrard favorite, the WebGL browser API, to bring the…

Volatility Ahead amid Surge in ETH Sell Pressure

EthereumJun 17

Ethereum price rapidly tumbled to a 25-day low of $3,428 on June 13, 2024, amid intense volatility in the wake of the US Fed rate pause announcement; on-chain data trends suggest more downside ahead. Ethereum Price Falls Below $3,500 First Time Since ETF Approvals The crypto market has been in a consolidation phase for the better part of the past month. During that period, ETH managed to outperform the market average thanks to bullish tailwinds from the ETF approval from the US SEC in late May. However, three weeks after the official approval verdict, the fund sponsors are still stuck,…