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.

Cathie Wood Offloads $7 Million Robinhood Stock, Here’s Why

RegulationJun 14

ARK ETFs unload $7.18M Robinhood shares, triggering market speculation. ARK's active management shifts towards biotech, tech sectors, influencing market sentiment. Following ARK's sell-off, Robinhood stock dips 2.13% in pre-market trading. Cathie Wood’s ARK ETFs made significant moves in their daily trades on Monday, June 10th, 2024. With a noticeable sell-off of Robinhood Markets Inc. shares and strategic purchases across various biotech and tech companies, investors are left wondering about the motives behind these decisions. Meanwhile, HOOD stock saw a 2% dip following Ark Invest’s offloading of over $7.5 million worth of shares. Dumps $7.18M Robinhood Share ARK ETFs, under the…

TON-Based Economy Starting to Take Root in Telegram, TON Foundation Says

AltcoinsJun 14

Telegram's pivot to toncoin payments for advertisements and the Open League reward program are boosting the token's adoption. TON has gained 15% this month, outperforming the broader market. A toncoin (TON)-based economy is starting to take root in the messaging app Telegram, and that explains the token's recent outperformance of the broader crypto market, according to Justin Hyun, director of investments at TON Foundation. TON has gained 15% this month, clocking record highs above $7, while bitcoin (BTC), the leading cryptocurrency by market value, declined 11% and the CoinDesk 20 Index, a broader market gauge, dropped 16%, CoinDesk data show.…

200 Million Users! Take Part and Win With Our 200 BNB Online Giveaway

ExchangesJun 14

Main Takeaways Binance celebrates reaching 200 million users, marking a significant milestone in the journey towards financial freedom through crypto. Join us in celebrating this milestone with a 200 BNB online giveaway from June 10-15, and get active with our real-world events — in France, Morocco, Romania, South Africa, Taiwan — from June 14-16 with an additional 100 BNB of rewards! Thank you to our 200 million Binancians worldwide for shaping the future of money and contributing to a decentralized financial world. This is a general announcement. Products and services referred to here may not be available in your region.…

Tether Investment Plan Expanded With More Than $1 Billion

RegulationJun 14

Key Points: Tether investment plans expanded with over $1 billion in financial infrastructure, AI, and biotech in emerging markets within a year. The company earned $4.5 billion in Q1 by investing in US Treasury bills, benefiting from high interest rates. According to Bloomberg, Tether Holdings Ltd., the issuer of the world’s largest stablecoin, USDT, plans to invest more than $1 billion in the next 12 months. Tether Investment Plan Announced With $1B CEO Paolo Ardoino revealed the Tether investment plan, highlighting its focus on alternative financial infrastructure, artificial intelligence, and biotechnology in emerging markets. In a recent interview, Ardoino detailed…

WOO Sets Up Crypto-Focused Innovation Center

AltcoinsJun 14

WOO has initiated an innovation hub to strengthen its presence within the Bitcoin (BTC) ecosystem and branch out into high-growth sectors. The announcement was made during the Token2049 week in Dubai, where the company outlined plans to issue grants targeting the utilization of the WOO token within burgeoning crypto domains, such as Artificial Intelligence (AI) andLayer-2 technologies, thereby nurturing cutting-edge decentralized initiatives. This move positions WOO favourably within the anticipated upsurge of the forthcoming cryptocurrency bull market. WOO’s product ecosystem includes WOOFi protocol, a prominent DEX protocol boasting over $13 billion in total trading volume and more than 250,000 active…

Bitfinex takes crypto to hedge funds and trading desks through Hidden Road partnership

ExchangesJun 14

Crypto exchange Bitfinex has partnered with the global credit network Hidden Road to broaden institutional access to digital assets. Institutional investors connected with Hidden Road will now be able to access Bitfinex’s digital asset offerings. “I am thrilled to welcome Hidden Road and their customer base to the most resilient digital assets exchange platform on the market,” said Bill Brindise, Head of Business Development at Bitfinex. “We at Bitfinex are proud to offer customers cutting-edge trading features, deep liquidity, and a wide range of trading pairs, all supported by a robust infrastructure fortified with stringent security measures. I am certain…

Machine learning algorithm predicts Bitcoin price for June 30, 2024

BitcoinJun 14

Although Bitcoin (BTC) has been dragging its feet lately, the prospects of the flagship decentralized finance (DeFi) asset look promising, particularly as machine learning and artificial intelligence (AI) algorithms predict advances for the popular cryptocurrency in the near future. As it happens, Bitcoin last week bounced from the $70,000 level and has been trading beneath it for the majority of the time since, but its more recent movements demonstrate signs of recovery, as the largest crypto asset by market capitalization moves closer to retaking this critical psychological level. BTC price prediction In terms of its performance in the following weeks,…

Ava Protocol raises $10 million in Seed+ funding

RegulationJun 14

Ava Protocol, a pioneering Web3 automation platform, has successfully raised $10 million in Seed+ funding, according to the latest information shared with Finbold on June 11. With an initial $5.5 million round followed by an additional $4.5 million in Seed+ funding, the capital infusion will fuel the development of Ava Protocol’s intent-centric, event-driven Eigenlayer AVS set to revolutionize private autonomous transactions for Ethereum (ETH) and other blockchains. The growing number of Ava Protocol investors The recent Seed+ round saw notable contributions from leading investors such as Electric Capital, Taisu Ventures, Bloccelerate VC, BingX Exchange, and Shima Capital, who joined the…

Shiba Inu Burn Rate Skyrockets 489% Amid SHIB Critical Price Test

AltcoinsJun 14

Shiba Inu (SHIB), the dog-themed cryptocurrency, has seen a substantial increase in its burn rate, increasing 489%. According to the Shibburn X account, 19,345,086 SHIB tokens were burned in the last 24 hours, translating into a 489.87% surge in the SHIB burn rate. HOURLY SHIB UPDATE$SHIB Price: $0.00002174 (1hr 1.72% ▲ | 24hr -7.99% ▼ ) Market Cap: $12,841,479,416 (-7.36% ▼) Total Supply: 589,274,423,079,142 TOKENS BURNT Past 24Hrs: 19,345,086 (489.87% ▲) Past 7 Days: 774,134,559 (193.4% ▲) — Shibburn (@shibburn) April 16, 2024 The significant jump in the burn rate comes amid a period of price volatility for SHIB, with…

Modi Reappoints Nirmala Sitharaman as India's Finance Minister — Investors Remain Concerned Over High Crypto Taxes

LegalJun 14

Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister. She remains instrumental in shaping India’s economic policies, including cryptocurrency regulation and taxation. Nirmala Sitharaman Reappointed as Finance Minister Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister, extending her tenure that began in 2019. Sitharaman, who delivered her sixth budget earlier this year, has played a key role in shaping India’s economic policies and reforms. A major concern among Indian crypto investors is taxation. Since new rules were implemented in 2022, India has imposed a 30% flat tax on income from the sale or…