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Author: 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.

Trader That Called May 2021 Crypto Collapse Unveils Potential Max Target for Bitcoin Bull Market Top

Bitcoin

A veteran trader with a history of several accurate macro crypto calls is revealing what he thinks could be the maximum upside price target for Bitcoin (BTC) this market cycle. Pseudonymous trader Dave the Wave shares with his 146,000 followers on the social media platform X a chart using his version of the logarithmic growth channel (LGC) curve, which aims to predict Bitcoin’s longer-term cycle lows and highs while filtering out shorter-term volatility. According to the trader, his LGC model is suggesting that Bitcoin’s current market cycle could peak out somewhere around a maximum of 3x above current prices, or…

Composable Launches IBC on Solana as Restaking Hub of Picasso as an AVS

Altcoins

Composable Foundation, a base layer linking applications and chains across diverse ecosystems, has announced an exclusive move. The company has disclosed that it has launched the earliest link between the Inter-Blockchain Communication Protocol and Solana to offer exclusive cross-chain opportunities. The respective project permits the consumers to conduct cross-chain transfers. 💥 @solana goes interchain!@Picasso_Network is launching the first Solana IBC connection – unifying the Solana ecosystem with the interchain. IBC expanding to Solana enables one of the most innovative DeFi ecosystems to seamlessly interoperate with other IBC-enabled chains. pic.twitter.com/Iwv2zAn33P — Cosmos – The Interchain ⚛️ (@cosmos) April 15, 2024 Composable…

Cardano and MultiversX Join Web3 Innovation Initiative in Geneva with Launch of Lightningbox

Blockchain

Blockchain services provider STORM Partners made a major announcement during the Web3Fest, along with Cardano (ADA), MultiversX, and other major projects in the crypto space. During the event in Switzerland’s “Crypto Valley,” the company unveiled “Lightningbox,” a new Web3 Sandbox, and relocated its headquarters from Montreux to Geneva. The initiative aims to enable large enterprises in Europe to harness the potential of blockchain technology and lead their digital transformation efforts. STORM Partners Joins Cardano (ADA) To Accelerate Blockchain Adoption The Lightningbox initiative seeks to facilitate the widespread adoption of blockchain by establishing a trusted environment equipped with institutional-grade tools. This…

Bitcoin Runes Resurgence? Why Asia’s Institutional Investors Could Fuel Growth

Bitcoin

In crypto, where most histories are reduced to one-liners, the tale of the Runes protocol—an optimized framework for creating meme coins on Bitcoin—goes something like this: It started with a bang and faded out, just as fast, with a whimper. Barely a month has passed since Runes’ blockbuster debut alongside the Bitcoin halving in April; and yet, the protocol’s subsequent failure to meet lofty benchmarks has led many to write the whole endeavor off as a misfire. But could growing institutional excitement for Runes in East Asia signal a possible second act for the budding protocol? While mainstream chatter around…

Former Goldman Sachs Executive Says Two Altcoin Ecosystems Competing for ‘Layer-One Race’

Altcoins

Ex-Goldman Sachs executive Raoul Pal says two crypto ecosystems are in the race to be the next big layer-ones in the current digital asset market cycle. In a new interview on Bankless, Pal says he’s been looking for what’s going to be the “Solana (SOL)” of the next bull market, or which crypto asset is going to see the same parabolic run-up and adoption wave that Solana has been seeing in the last several years. Pal says he’s looking at two main ecosystems: Blockchains using the Move programming language, and ones using Cosmos (ATOM). As the Real Vision CEO notes,…

Delist Announcement from Bitcoin Exchange Binance! 5 Altcoin Trading Parities Delisted from Spot Transactions!

Exchanges

Binance, one of the world's leading cryptocurrency exchanges, announced the removal of several spot trading pairs as part of its ongoing efforts to maintain a high-quality trading environment. Binance Announces Removal of Select Spot Trading Pairs on June 14 The delisting will take effect at 06:00 on June 14, 2024. The following spot trading pairs will be removed: ALPACA/BTC MDX/BTC NFP/TUSD QUICK/BTC XAI/BNB This decision comes after Binance periodically reviews all listed spot trading pairs, taking into account factors such as liquidity and trading volume. Binance emphasized that the delisting of these trading pairs will not affect the availability of…

Mexican Billionaire Ricardo Salinas Urges Followers to Buy Bitcoin as Nigerian Naira Falls Under a Satoshi

Bitcoin

Ricardo Salinas Pliego, one of the wealthiest billionaires in Mexico, has urged his followers to purchase Bitcoin as a hedge against the devaluation of fiat currencies. Salinas Pliego recommended purchasing bitcoin in response to a social media post reporting on the fall of the value of the Nigerian naira under a satoshi. Mexican Billionaire Ricardo Salinas Pliego Advises to Buy Bitcoin to Shield From Fiat Devaluation The top 1% is starting to realize the opportunities that bitcoin, as a financial asset, can bring as a hedge for fiat currency devaluation. Ricardo Salinas Pliego, a Mexican entrepreneur with a fortune worth…

Relentless Whale Withdraws Another 7 Million Dollars From This Altcoin Despite Being at a Huge Loss – Here are the Whale’s Movements

Altcoins

The largest Ethena (ENA) staker wallet attracted a staggering $6.95 million, equivalent to $7.99 million, from Binance for staking purposes. This withdrawal was made at a price of approximately $1.15, although the staker suffered significant losses. Over the last four days, the same whale has withdrawn a total of 18.12 million ENA from Binance at a price of approximately $1.32, bringing its total assets to $23.9 million. However, there are some concerns in the cryptocurrency market regarding the risks of the ENA token, as it is similar to the mechanism of LUNA. In another significant move in the cryptocurrency market,…

This Level Needs to Fall for a New All-Time High (BTC Price Analysis)

Bitcoin

Following a bullish surge towards the $71K threshold, Bitcoin faced heightened selling pressure, leading to a slight bearish rejection. However, the cryptocurrency encounters a robust support region that may lead to a renewed bullish move in the short term. Technical Analysis By Shayan The Daily Chart A detailed analysis of the daily chart reveals that after a resurgence in demand and a bullish spike towards the $72K significant resistance region, Bitcoin encountered selling pressure, leading to a slight bearish retracement. The $72K-$74K price range holds significant importance, serving as a formidable resistance that has halted several upward attempts in recent…

World's largest bank ICBC praises the evolution of Bitcoin, Ethereum as innovative financial assets

Regulation

The world’s largest lender, Industrial and Commercial Bank of China (ICBC), recently published an in-depth analysis highlighting the rapid evolution and growing diversity in digital currencies, where it compared Bitcoin to gold and deemed Ethereum “digital oil.” The report emphasizes the human capacity for imaginative belief, as noted by historian Yuval Noah Harari, as a driving force behind the exponential growth in digital currency types and applications. VanEck head of digital assets research Matthew Sigel noted: “Chinese SOE banks keep writing love letters to Bitcoin and Ethereum.” The ICBC report outlines the divergent development paths of various digital currencies, each…