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.

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…

NFT sales drop 16%, hover just below $122m

NFTJun 17

This week marked a significant downturn for the non-fungible token (NFT) market, which saw sales drop by almost 16% off the back of a 17% surge in the previous week. Per CryptoSlam, total sales hit $121.7 million, with more than 519,000 buyers and sellers actively trading. Blockchain NFT sales breakdown The Ethereum (ETH) network led the charge with $39.28 million in sales, a notable 14.48% increase from the previous week. This surge was accompanied by a marked increase in the number of active buyers on Ethereum’s NFT space, with the number going up nearly 48% to reach 23,586. The network…

These Altcoin Projects Have Raised the Most Capital in 2024

AltcoinsJun 17

In 2024, several altcoin projects have secured substantial funding, showcasing growing investor confidence in the cryptocurrency market. These initiatives are also attracting attention for their financial backing and for their potential to drive innovation and efficiency in the industry. Largest Altcoin Fundraises Leading the charge is Monad, which has raised $225 million. This new Layer-1 blockchain is designed for speed and interconnectivity, boasting capabilities like 10,000 transactions per second, one-second block times, and single-slot finality. Monad’s EVM compatibility further improves its appeal, positioning it as a significant player in enhancing blockchain efficiency and scalability. Berachain has also made a notable…

South Korea to Reevaluate 600 Crypto Listings on Local Exchanges

ExchangesJun 17

South Korea’s financial authorities plan to reassess the listing of approximately 600 cryptocurrencies traded on domestic exchanges. This strict review aims to ensure compliance with new regulations under the Virtual Asset User Protection Act, effective July 19. Delisting Concerns Rise as South Korea Tightens Crypto Regulations Local media recently reported that the South Korean government has finalized a best practice plan for virtual asset transaction support. This plan outlines strict new requirements for listing cryptocurrencies on domestic exchanges. The current system, where exchanges conduct their own internal reviews, will be supplemented by a stricter review process established by the authorities.…

Vitalik Buterin Issues Crucial Bitcoin (BTC) Statement

BitcoinJun 17

In a recent blog post, Ethereum cofounder Vitalik Buterin provided an in-depth analysis of one of Bitcoin’s most contentious historical debates. Buterin's reflections are based on his readings of two prominent books on the subject: Jonathan Bier's "The Blocksize War," which offers a pro-small-block perspective, and Roger Ver and Steve Patterson's "Hijacking Bitcoin," which advocates for the big-block viewpoint. The Bitcoin block size war of the 2010s was a fundamental dispute over the direction and nature of Bitcoin’s scalability and utility. The central issue was whether Bitcoin should increase its block size limit from 1 MB to accommodate more transactions,…

WadzPay vs Ripple Stablecoin Race Has Begun, WTK President Shares Deep Market Insights

AltcoinsJun 17

WadzPay’s President Jason Sarria-Solis shares stablecoin insight for the project in an AMA. He reveals WadzPay’s future plans for launching its stablecoin to seamlessly move value. This reveal is in direct competition to Ripple’s similar mission with its stablecoin RLUSD. WadzPay’s President Jason Sarria-Solis recently addressed burning questions on the minds of the crypto community in an exclusive AMA. In detail, he talks about WadzPay’s venture into the stablecoin narrative. 🔍 AMA Highlights: WadzPay's Venture into Stablecoins🔍 In our recent AMA, WadzPay shared its bold vision for transforming digital payments through blockchain and stablecoins. With @Jsonsarriasolis at the helm of…

New Intelligence Act may grant US president power to block digital asset access

LegalJun 17

The anti-terrorist financing provisions of proposed United States legislation would grant the president authority to block access to digital assets, raising industry concerns about its potential broader implications and impact. The Intelligence Authorization Act for Fiscal Year 2025, grants the U.S. president powers to block transactions—digital asset-related or otherwise—between U.S. persons and foreign entities identified as supporting terrorist organizations, including imposing strict conditions on foreign financial institutions maintaining accounts in the U.S., if they are found facilitating such transactions. Specifically, the law prohibits: “any transactions between any person subject to the jurisdiction of the United States and a foreign digital…

Bitcoin's Short Term Momentum Flips Bearish; Support Under $65K

BitcoinJun 17

Technical indicators suggest that bitcoin’s short-term momentum has flipped bearish. The 50-day simple moving average marks major support at $64,870. Technical indicators that gauge bitcoin's (BTC) price movement over the short term have flipped bearish, with crucial support positioned under $65,000. The cryptocurrency’s 10-day momentum, which compares the going market price with the price from 10 days ago, has declined below zero, indicating renewed negative momentum. Traders use the momentum indicator to confirm market trends and spot trend exhaustion. Similarly, the moving average convergence divergence (MACD) histogram, which employs the 26-day and 12-day exponential moving averages, has turned negative. The…

OKX Wallet Revolutionizes DeFi Access with Latest SOFA.org Integration

DeFiJun 17

In one of the remarkable steps towards improving digital asset management, OKX Wallet has developed a partnership with SOFA.org, a revolutionary non-profit decentralized autonomous organization (DAO) that is dedicated to leading the concepts of fully integrated asset payment systems on the blockchain networks. This partnership would open up a new era for OKX users who can now directly access SOFA quickly and easily. SOFA has since been creating and introducing innovative DeFi offerings, the most notable of which are its Earn and Surge programs. This integration extends the services available to OKX Wallet users and strengthens the bridge between traditional…

TON Price Pumps as Tapswap Network Announces its Imminent Launch on The Open Network

AltcoinsJun 17

Toncoin continues to gain global attention as more projects launch on its blockchain. The Open Network (TON) has claimed a top 10 crypto in the world rank. Amid all the on-chain bullish momentum, the price of TON is pumping steadily. Toncoin (TON) continues to move unshaken as the crypto market swings steadily into a recovery phase. After consecutive rounds of market dips Toncoin was one of few that did not dip as much alongside NOT and JASMY. TapSwap will launch on #TON blockchain 🤝 Are you guys excited for the launch 🚀 Yes or No Comment Below 👇🏻 Follow |…