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 Still Strong, but Macro Factors Pose Risk, Crypto Analyst Says

BitcoinJun 17

Rising bond yields pose a risk to bitcoin, crypto trader Chang told CoinDesk. The present level of bond yields could weigh on all assets, Goldman Sachs said. While bitcoin (BTC) continues to chop at elevated price levels just below record highs, suggesting a typical temporary bull-market pause, at least one observer is worried that recent macroeconomic developments could impede a move higher. "Bitcoin is still strong, but macro factors are threatening," crypto options trader and market analyst Chang told CoinDesk in an interview. "Bond yields are very unstable as the demand is weak compared to U.S. Treasuries issuance. If there…

Tech Entrepreneur Suggests Mainstream Companies May Have Adopted NFT Loyalty Programs Prematurely

NFTJun 17

According to Juan Otero, CEO of the crypto-native travel booking platform Travala, many mainstream companies that attempted to use non-fungible tokens (NFTs) for customer or user loyalty programs may have seized the opportunity prematurely. Otero argued that at the time, Web3 companies had not “even figured out the best ways to use NFTs in loyalty programs.” NFT-Based Loyalty Program Failures Tarnished Tech’s Reputation While their adoption of the technology signaled a positive development for the blockchain industry, the apparent failure of such loyalty programs has tarnished the reputation of NFTs, the Travala CEO argued. However, in his written answers to…

$550M+ Bitcoin, VET and ETH Balance Revealed

AltcoinsJun 17

VeChain reports a strong financial position with a total value of $550,972,484.57. The approval of the BTC ETF has significantly boosted the blockchain market. According to the latest update on VeChain Official, the VeChain Treasury Report for Q1 2024 reveals a robust financial standing with a total value of $550,972,484.57. This positive outlook is buoyed by the recent approval of the BTC ETF, signaling growing institutional interest in blockchain technology. This new report builds on the previous updates shared by CNF, highlighting VeChain’s substantial financial growth and stability in Q3 and Q4 of the previous year. Treasury holdings increased significantly…

OkayCoin launches crypto staking services in South Korea

ExchangesJun 17

OkayCoin, a cryptocurrency exchange, has officially launched in South Korea. According to a June 15 press release, the move aims to cater to the growing demand for crypto staking services across the region. The team also claims the move is in response to the increasing adoption of blockchain-based digital assets and investors’ desire for passive income. The global interest in crypto is on the rise. For the uninitiated, staking allows investors to earn rewards by participating in the network operations of certain cryptocurrencies, providing a source of passive income. This trend has seen a surge in demand for efficient staking…

Ethiopia’s Power Deals with Chinese Firms Fuel Bitcoin Mining Boom

MiningJun 17

Ethiopia, Africa’s second-largest country, is witnessing a Bitcoin (BTC) mining boom fueled by power agreements with Chinese firms. Colin Wu, a prominent Chinese cryptocurrency journalist, reported that Ethiopia, with a population of 115 million, now has more than 1.8 million cryptocurrency users. The Ethiopian Energy Authority has entered into power agreements with 21 Bitcoin mining companies, 19 of which are from China. Local mobile money platforms have already enabled users to buy and sell cryptocurrencies and stablecoins through Binance and Paxful. The Evolution of Ethiopia’s Stance on Crypto In June 2022, Ethiopia’s central bank, the National Bank of Ethiopia (NBE),…

Legendary Trader Peter Brandt Reveals Epic 344% Bitcoin Price Growth Prediction

BitcoinJun 17

Veteran trader Peter Brandt has made an epic new prediction about Bitcoin's future value relative to gold. According to analysis, Bitcoin (BTC) is set to keep on going up against precious metal over the next 12 to 18 months. He foresees that the number of gold ounces needed to buy one Bitcoin would eventually reach 100, which would mean a 344% rise in Bitcoin's current value compared to gold. Since its inception Bitcoin $BTC has gained against Gold. This chart shows the # oz. of $GC_F to buy one BTC. The ratio should chop for another 12 to 18 months…

An Introduction to Bitcoin Ordinals

NFTJun 17

Bitcoin Ordinals have emerged as a novel way to enhance the functionality and use of Bitcoin, the original cryptocurrency. By leveraging Bitcoin’s blockchain in a new and innovative manner, Ordinals bring unique value propositions and helps to revitalize Bitcoin’s developer community. What Are Bitcoin Ordinals? In simple terms, Bitcoin Ordinals are digital collectibles created by inscribing content like art or media onto individual satoshis on the Bitcoin blockchain. Each inscribed sat is one-of-a-kind and can be owned, collected, and traded like a non-fungible token (NFT). Ordinals allow for the assignment of a unique number to each individual satoshi (sat), which…

ZKsync Token Airdrop Will Be Launched on June 17 Despite Facing Bot Challenges

AltcoinsJun 17

Key Points: The 2024 ZKsync token airdrop faces issues due to bots mimicking real users. 3.675 billion ZK tokens will be distributed starting June 17, with claims open until January 3, 2025. ZK Nation announced that the 2024 ZKsync token airdrops will encounter significant challenges due to the presence of millions of bots operated by advanced industrial farms. ZKsync Token Airdrop Faces Bot Mimicry Challenges These bots exhibit behaviour patterns nearly identical to real users, rendering traditional activity-based airdrops ineffective for building sustainable communities. Despite acknowledging shortcomings in the ZKsync token airdrop design, ZK Nation believes the trade-offs made are…

Crypto Tokens Facing Delisting Nightmare in South Korea

ExchangesJun 17

According to a Sunday report by the Korea Times, South Korean cryptocurrency exchanges are set to reassess the listing status of roughly 600 cryptocurrencies. As part of the reevaluation process, the exchanges are supposed to task their in-house decision-making bodies with determining what digital assets could potentially face delistings. Potential delisting decisions will be made based on such factors as the state of the developer team behind the token, the level of security as well as regulatory compliance. Such reassessments will have to be conducted every six months, according to new requirements. Earlier this week, Regulation Asia reported that the…

While FED's Leading Inflation Data is Waited for Bitcoin, Analysts Announced the Rising Obstacles for BTC!

BitcoinJun 17

While Bitcoin continues to consolidate in the $67,000-68,000 range, analysts generally think that BTC is giving a bullish signal and will rise in the short term. At this point, while analysts argue that US inflation data is important for the course of BTC, crypto options trader and market analyst Chang explained the negative factors affecting BTC. Speaking to Coindesk, analyst Chang said that macroeconomic developments may prevent Bitcoin from rising to higher levels. Stating that increasing bond yields pose a risk for Bitcoin, Chang said: “Bitcoin remains strong, but macro factors threaten BTC's rise. Bond yields are highly unstable and…