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.

Blum Community in Telegram Becomes Fourth Largest in the World by Number of Subscribers

ExchangesJun 12

Blum, recognized as one of the most promising and discussed crypto projects, has reached another important milestone in social media development. Recently, it was announced that the Blum community on Telegram surpassed 9.8 million subscribers and is rapidly approaching 10 million. According to “blumies” themselves, this number has placed them in the 4th position by the number of subscribers on Telegram. It is also known that besides the main community, Blum supports 19 additional communities in various languages. The popularity of Blum is hard to overestimate: the project by former Binance executives in Russia and the CIS, Gleb Kostarev and…

Bitcoin ETFs Record $2.4 Billion Inflows in 3 Weeks

BitcoinJun 12

Bitcoin ETFs are gaining momentum, with reports indicating up to $105 million in positive flows on Monday. This brings the cumulative inflows to nearly $2.40 billion in the last three weeks. Experts ascribe the inflows to increased global liquidity, which can boost the Bitcoin price by improving market sentiment. Bitcoin ETFs Demand Returns with $105 Million Inflows on Monday Bitcoin ETFs market rebound continues to strengthen, with reports showing $105 million inflows on June 3. This marks 15 consecutive trading days (three weeks) of positive flows and brings the cumulative inflows to $2.40 billion, as the on-chain data platform SpotOnChain…

1inch DAO proposes $150k grant to create web3 crowd testing platform

DeFiJun 12

The governance DAO of finance protocol 1inch is voting on whether it should allocate $150,000 in USDC to develop a platform to “educate newbies into experts in web3.” A 1inch governance proposal suggests creating a new bug bounty platform that will allow the crowd to beta test web3 products releases, with 1inch itself to be the first product listed on it. According to the 1IP-56 proposal, the yet-to-be-named platform will be developed by xcrwd, which appears to be a semi-anonymous Russian team of coders. The proposal is seeking $150,000 to pay for the “development, the work of the community manager,…

Vechain Ventures into AI Territory with SingularityNET Partnership

AltcoinsJun 12

Vechain partners with SingularityNET, merging blockchain and AI technologies. Collaboration enhances product authenticity and drives research for technological advancement. This partnership aims to pioneer a trustless and intelligent future economy. Vechain, a pioneer in real-world blockchain adoption, announces a groundbreaking collaboration with SingularityNET, a decentralized AI platform renowned for its technical prowess. Vechain is now also working on AI✨ in a partnership with $AGIX aka SingularityNET. Vechain: "Blockchain + AI is the basis of tomorrow’s economy"$AGIX AI 🤝 Vechain#AI $VET #RWA @SingularityNET pic.twitter.com/YbVUsujfDm — Captainⓥ (@CaptainLeduc) April 16, 2024 This partnership signals a paradigm shift in technological integration, merging the…

Apple’s Tap to Cash Threatens the Future of Crypto Payments

ExchangesJun 12

Apple’s latest iOS 18 introduces Tap to Cash, a seamless way to transfer money using Apple Pay. This feature lets users send money instantly by simply bringing their phones close together. However, as Tap to Cash gains traction, it could potentially overshadow the utility of cryptocurrencies for payments. Does Apple Tap to Cash Endanger Crypto Payments? Crypto has been steadily gaining global acceptance, with 6.8% of the world’s population having cryptocurrencies. Despite its growth, widespread adoption faces significant hurdles. Key among them is the lack of regulation, which leaves crypto assets vulnerable to security risks and volatility. Unlike traditional financial…

Bitcoin metrics indicate return of speculative activity in crypto

BitcoinJun 12

Bitcoin’s market dynamics are showing early indications of renewed speculation in the crypto market, as reported by Glassnode. Long-Term Holders (LTH) are currently sitting on unrealized profits, with only a minuscule 0.03% in losses, signaling the onset of a potential bull market’s euphoric phase. Image: Glassnode Over the past two months, the Sell-Side Risk Ratio for both Long and Short-Term Holders has balanced out, suggesting that the market has absorbed the expected profit and loss within the current price range, setting the stage for possible significant volatility ahead. A notable shift has occurred with the spending of long-dormant coins, which…

Merlin Chain revolutionizes Bitcoin yields with DeFi opportunities

DeFiJun 12

Merlin Chain, a Layer-2 blockchain, has announced it’s working on bringing new yield opportunities for Bitcoin (BTC) traders, according to the information shared with Finbold on June 12. With its Proof-of-Stake (PoS) consensus mechanisms and a suite of innovative decentralized finance (DeFi) solutions, Merlin Chain aims to provide bitcoiners with the chance to earn staking yields and access a range of DeFi services. Enhanced yield for Bitcoin holders For years, Ethereum (ETH) investors have enjoyed various yield-generating avenues such as staking rewards, liquidity mining, and yield farming. In contrast, holding BTC has not offered similar benefits, apart from the asset’s…

SHIB Burns On Fire As Price Gets on Verge of Breakout

AltcoinsJun 12

The Shiba Inu community continues to relentlessly burn SHIB meme coins no matter what. This time, a substantial amount of SHIB has found its way into dead wallets despite the major decline in the key Shibarium metric. Meanwhile, the SHIB price continues its attempts to break out of the range. Millions of SHIB destroyed According to the recent update on the website of the popular burn tracker Shibburn, within the last 24 hours, the SHIB army has successfully transferred tens of millions of SHIB to unspendable blockchain addresses – 24,360,186 meme coins were locked permanently out of the circulating supply.…

Alameda Research Transfers $12M in Crypto Amid FTX Creditor Pushback

ExchangesJun 12

FTX’s Proposed reorganization plan offers repayment, and interest, but faces criticism. Alameda Research transfers 10 million WBTC valued at $5.2 million. Two wallets associated with Alameda Research, the sister trading firm of the now-bankrupt FTX exchange, recently transferred a total of $12 million worth of cryptocurrency. On June 11, PeckShield notably reported that an Alameda Research address transferred 5,000 vBTC, worth over $2 million, to the algorithmic trading firm Wintermute. Additionally, an Alameda-related wallet transferred 10 million WBTC, valued at over $5.2 million, to Binance. #PeckShieldAlert #FTX/#Alameda labeled addresses transferred ~$12m worth of cryptos out ~5 $vBTC (worth ~$7m) were…

El Salvador Bitcoin Holdings Now Exceeds $400 Million

BitcoinJun 12

Key Points: El Salvador Bitcoin holdings have now reached 5,770 BTC and are actively adding more. President Bukele’s pro-Bitcoin policies gained public support through his re-election win despite initial skepticism. El Salvador’s strategy is attracting attention, with Argentina potentially following suit in adopting Bitcoin. El Salvador’s status as the world’s first Bitcoin adopter is solidifying. The Central American nation, a true pioneer in cryptocurrency integration, boasts a growing Bitcoin treasure, according to Bitcoin Magazine. Source: Nayib Bukele Portfolio Tracker El Salvador Bitcoin Holdings Exceeds $400 Million Mark El Salvador Bitcoin holdings currently stand at a substantial 5,770 BTC, valued at…