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.

Ripple CEO Says It is Strange Market Has Not Rewarded XRP

AltcoinsJun 15

Ripple CEO Brad Garlinghouse laments that the crypto market has not rewarded XRP for its unique position. Garlinghouse voiced this sentiment during an interview at the recently concluded XRP Ledger Apex conference. He highlighted that XRP stands out in the U.S. market as the only cryptocurrency with regulatory clarity. Strange Market Has Not Rewarded XRP Garlinghouse contrasted XRP’s position with that of Ethereum (ETH), the largest altcoin. He noted that XRP is one of the few cryptocurrencies in the U.S. that can definitively be said not to be a security. In contrast, ETH’s status is uncertain, with the U.S. SEC…

Cryptocurrency Statement from Hong Kong Authorities

LegalJun 15

Paul Hui, Director of Hong Kong Financial Services and Treasury Bureau, highlighted Hong Kong's unique position at a conversation event titled “Hong Kong Opportunities” held on June 14. “Hong Kong is the only city with both global and Chinese advantages,” Hui said. Hui said in his statement that Hong Kong, a city with both global and Chinese advantages, strategically focuses on many areas such as environmental finance, family offices and crypto assets. This strategy aims to help investors around the world understand Hong Kong's key areas of development. Hong Kong plays an “indispensable role” as global uncertainty grows, according to…

LBank Exchange Warning Issued By Japan’s Financial Watchdog With Illegal Allegations

ExchangesJun 15

Key Points: LBank Exchange warning was issued by the Japanese Financial Services Agency for allegedly unregistered cryptocurrency trading. This follows previous warnings to other exchanges last year, signalling ongoing regulatory scrutiny in Japan. The FSA aims to enhance security measures on exchanges after past incidents to protect investors. The Japanese Financial Services Agency (FSA) has issued a stern warning to the overseas cryptocurrency exchange LBank Exchange, cautioning that it is operating without proper registration to offer cryptocurrency trading services in Japan. Japan’s FSA Issues LBank Exchange Warning According to a CoinPost report, the LBank Exchange warning comes from the fact…

ChatGPT-4o predicts Bitcoin’s price if NYSE approves BTC trading

BitcoinJun 15

The New York Stock Exchange (NYSE) is considering implementing cryptocurrency trading, although the current regulatory framework prevents moving forward. As the world’s largest exchange in volume, such development could positively impact the demand for cryptocurrencies—Bitcoin (BTC) included. Looking for insights on the possible effects of an NYSE Bitcoin listing, Finbold asked OpenAI‘s most advanced artificial intelligence (AI) model, ChatGPT-4o, what the BTC price could be following this approval. ChatGPT-4o Bitcoin price prediction in hypothetical NYSE listing Notably, ChatGPT-4o has provided three price predictions for the short, mid, and long terms after receiving the proper context. At first, the AI model…

Can the Crypto Social App Deliver?

RegulationJun 15

Crypto-based social media platform Farcaster has experienced rapid growth, reaching 50,000 daily active users and a $1 billion valuation. This success has sparked discussions within the Web3 community about the drivers behind its popularity and the role of venture capital in its ascent. Data from Dune Analytics, the on-chain data aggregation platform, revealed that Farcaster reached over 50,000 active users last Tuesday. The users generated just under 30,000 engagements on the platform for the day. However, the number of interactions represented an 83% decline from the platform’s peak about two months ago. Farcaster’s high valuation has piqued interest among blockchain…

Shiba Inu Mentions Altcoin That Could Reshape SHIB Universe

AltcoinsJun 15

Shiba Inu’s ecosystem team sheds light on Kendu Inu (KENDU), an altcoin poised to reshape the SHIB universe. The team revealed this in the 27th edition of its weekly magazine, published on June 5. Kendu Inu: The Wild Card Reshaping SHIB Universe According to the magazine, Kendu Inu is a memecoin themed after the Japanese dog breed Kai Ken. The team behind the token seeks to defy convention by prioritizing identity and community over typical tokenomics. Although Kendu embodies the relentless spirit of Shiba Inu, it does not follow the pattern of other tokens within the ecosystem, which aim to…

15 Projects Battle for Exchange Listing

ExchangesJun 15

HTX launched the 12th edition of its Primevote event, where 15 projects are set to compete for a coveted listing on the HTX platform. Primevote empowers HTX users to vote for their favorite projects using “Rockets,” which are based on their average asset balance. The project with the most votes wins a listing on HTX. How Primevote Works Primevote enables users to vote using “Rockets.” Each Rocket represents a vote and is equivalent to a 30-day average balance in USDT. For example, a 30-day average balance of 100 USDT grants a user 100 Rockets to vote. Users' Rocket values are…

Bitcoin (BTC) Welcomes $100 Billion Wave From New Mega Whales

BitcoinJun 15

In a recent X post, the head of research at CryptoQuant, Julio Moreno, revealed that new Bitcoin whales have injected approximately $100 billion into the market in 2024. This substantial influx from high-net-worth individuals and institutional investors marks a significant development in cryptocurrency, reflecting growing confidence in Bitcoin's long-term potential. New whales have brought ~$100B into Bitcoin this year. https://t.co/lF1ehqwWoH — Julio Moreno (@jjcmoreno) May 31, 2024 Bitcoin whales are typically defined as individuals or entities holding large amounts of BTC with an addition in this category of addresses this year. Notably, this new inclusion of whales has collectively brought…

Ethereum’s Price Surge Faces Resistance at $3,660: Will Bulls Prevail?

EthereumJun 15

Ethereum is trading at $3,624, targeting $3,740 if momentum holds, with $3,430 as potential support. US CPI data decreased to 3.3%, boosting the crypto market, with Bitcoin nearing $70,000 and Ethereum rising. Ethereum’s daily active addresses dropped from 622,963 in March to 458,400 in June, despite increased large transactions. Ethereum (ETH) is currently on a strong upward trend, encountering resistance at around $3,660, suggesting short-term traders might be taking profits. Buyers have driven the price above immediate Fibonacci channels, targeting a further rise above EMA trend lines. ETH is trading at $3,624, reflecting a 3.3% increase in the past 24…

$1T-volume trading firm buys the dip; $20M of two cryptocurrencies

RegulationJun 15

As the week ended on Friday, June 14, the cryptocurrency market crashed, with altcoins reaching multi-month lows. Meanwhile, a firm has shown a bullish bias and bought this recent dip, allocating nearly $20 million to two cryptocurrencies. The cryptocurrency trading firm Amber Group has disclosed over $1 trillion in trading volume since 2017, with thousands of clients. In 2022, Amber Group had an estimated $5 billion in assets under management (AUM) exclusively dedicated to cryptocurrency. According to a Blockworks report, the company was valuated at $3 billion during a private funding round, disclosing some numbers. Now, Lookonchain spotted and reported…