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.

ApeCoin Nears All-Time Low as Bored Ape Ethereum NFT Prices Plummet

AltcoinsJun 12

ApeCoin, the Ethereum-based token tied to Yuga Labs’ namesake NFT collection, is firmly in the doldrums alongside its Ape-themed analogs following a tumultuous week for the broader crypto markets. The token has slipped 30% over the past seven days amid market turbulence sparked by growing geopolitical tensions in the Middle East. Extending losses over the past year, the price of ApeCoin has plummeted 74% since this time last April to a current price of $1.19, according to CoinGecko. ApeCoin’s brush towards its all-time low price of $1.01 (set last October) comes as the token’s official steward, the ApeCoin DAO, weighs…

Russian Bitcoin mining supplier to spend over $130m on AI data centers: report

MiningJun 12

Russia’s crypto mining equipment supplier Intelion is reportedly considering an investment of over $130 million to develop AI data centers. Moscow-headquartered crypto mining supplier Intelion is planning to spend up to 12 billion Russian rubles (over $130 million) on purchasing server equipment to build artificial intelligence (AI) data centers, Russian media RBC reports, citing Intelion Cloud head Maxim Vyaznikov. As per the report, Intelion, which also operates a branch in Dubai, already possesses servers equipped with Nvidia’s A100 chips, despite a 2022 U.S. Department of Commerce ban on the sale of these chips to China and Russia. Intelion’s new computing…

New Economic Data To Decide Bitcoin’s Next Direction, According to Analyst Benjamin Cowen

BitcoinJun 12

A top crypto analyst thinks this week will offer some critical hints about the future direction of Bitcoin (BTC). In a new YouTube video, Benjamin Cowen tells his 802,000 subscribers that the labor market data, which will become public this week, could suggest a possible trajectory for BTC. The U.S. Bureau of Labor Statistics publishes reports on the first Friday of every month that include metrics like average hourly earnings, non-farm employment change and the unemployment rate. The crypto analyst notes that Bitcoin price hesitation leading up to a new month is a “common thing.” “You get that labor market…

Shiba Inu’s Shibaswap Now Supported by DEXTools

DeFiJun 12

DexTools, a decentralized finance (DeFi) platform for cryptocurrency traders, has added support for Shiba Inu's ShibaSwap, according to a Wednesday announcement. The integration unlocks "advanced DeFi analytics" for Shiba Inu holders. DexTools is a popular website that provides its users with data about decentralized exchanges. It makes it possible to track DeFi portfolios as well as crypto prices. The platform, which boasts tens of millions of monthly users, tracks roughly 3.5 million tokens. DexTools can monitor market moves, offer real-time analysis of various cryptocurrencies, and search for tokens on any DEX. On top of that, it allows traders to swap…

Stader Joins Chainlink CCIP for Liquid Staking Across Chains

AltcoinsJun 12

Stader, a well-known liquid staking forum, has recently announced integrating Chainlink CCIP. The integration of the industry standard concerning the safe interoperability of Chainlink CCIP on Arbitrum and Ethereum mainnets emerges as a milestone for the platform. As a result of this integration, the company will leverage the capabilities of CCIP regarding simple token transactions. .@staderlabs_eth—a liquid staking protocol with $600M+ TVL—has integrated CCIP across @ethereum & @arbitrum to unlock cross-chain transfers of its liquid staking token ETHx. Stader is also sponsoring the ETHx/ETH #Chainlink Price Feed on Ethereum. — Chainlink (@chainlink) April 16, 2024 Stader Integrates Chainlink CCIP to…

Axie Infinity launches the Axie Bounty Aid

GameFiJun 12

Axie Infinity has announced the Axie Bounty Aid to help players who find it difficult to complete more than 3 tasks daily on the bounty board due to not having enough fortune slips. This weekly series offers players a chance to win a prayer delegation with 100 Fortune Slips. Also read: Axie Infinity Origins S8 Postseason Begins With the Elite 8 Tournament, Giveaways, and Updates The Daily Bounty Board in Axie Infinity allows players to earn AXS by completing various challenges and tasks. The Axie Bounty Aid program will pick 20 players every week and provide them with a Prayer…

You May Not Like It, but Casey Rodarmor Proves Bitcoin Is Permissionless

BitcoinJun 12

Casey Rodarmor says he has no regrets about the two controversial protocols, Ordinals and Runes, he launched on Bitcoin, which have made the original and most valuable blockchain a lot more like other, alternative chains. There are essentially two guiding principles that Rodarmor has followed since bursting on the scene as one of Bitcoin’s most influential coders: Bitcoin should remain secure and so should its applications. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here.Note: The views expressed in…

Binance integrates Curve (CRV) on Arbitrum One and Optimism

DeFiJun 12

The exciting news for the DeFi community is that Binance has easily integrated Curve Finance’s token, CRV, into Arbitrum One and Optimism. This strategic decision is expected to significantly enhance Curve Finance’s liquidity and transactional efficiency for those who employ these highly effective layer-two scaling solutions. Curve Finance, which is famous for its efficient stablecoins trading and earning low-risk fee revenue for its liquidity suppliers, could now benefit from the lower transaction costs and faster processing time offered by Arbitrum One and Optimism. These two layer-two solutions – Arbitrum One being a third-generation optimistic roll-up protocol and Optimism being another…

These 5 Altcoins See Unusually High Trading Volumes in South Korea as the Market Struggles to Recover

AltcoinsJun 12

Unusual transaction volumes were detected in several altcoins on Upbit, South Korea's largest cryptocurrency exchange. The altcoins in question include Bitcoin Gold (BTG), Aave (AAVE), Ontology Gas (ONG), Hifi Finance (HIFI) and Mask Network (MASK). The 4-hour chart for Bitcoin Gold (BTG) shows an average volume of $60,000. However, the last recorded volume was a staggering $98,000, an increase of 63.79%. In contrast, volume on Binance decreased by 31.93%, from an average of $29,000 to $19,000. Aave (AAVE) also experienced a significant volume increase on Upbit. Average 1-hour volume of $2,000 rose to nearly $5,000, a massive increase of 178.24%.…

Pixelverse Raises $5.5M for Global Web3 Gaming Expansion

GameFiJun 12

Seoul – Pixelverse, the emerging entertainment studio and game ecosystem, has successfully closed a funding round, raising $5.5M from tier-1 venture capital funds and prominent founders from the gaming and Web3 spaces. This capital injection is aimed at fueling the global growth of the Pixelverse gaming ecosystem, which has attracted over 15 million users in its first month of operation. — The funding round was led by notable investors, including Delphi Ventures, Merit Circle, and Mechanism Capital. Other participants included Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures. Angel investors such as Sébastien Borget, founder of The…