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.

XRPL AMM Pools Surpass 315, Locked XRP Now Above 2,200,000

AltcoinsJun 12

The latest on-chain data indicates a significant increase in XRP tokens locked within the XRPL AMMs, reaching a high of 2,272,919 XRP in the last 24 hours. Over the weekend, the XRPL experienced remarkable growth in its decentralized finance (DeFi) sector. AMM pools increased from 277 to 316, indicating rising user engagement. Concurrently, the volume of XRP locked within these pools witnessed a robust increase, going from 1.8 million to 2.15 million. Recent data from XRPScan shows a sharp increase this week. The ecosystem currently boasts 209 total assets, 203 unique tokens, and 184 XRP pairs available for trading. The…

OKX Hit by Major Outflows Amid Security Breach Rumors

ExchangesJun 12

OKX saw $204 million withdrawn in 24 hours and $633 million over the past week. The major outflows are believed to be driven by recent rumors of security breaches at OKX. OKX, one of the leading cryptocurrency exchanges, is currently facing capital outflows amid recent rumors of security breaches. Data from Defillama reveals that OKX has seen outflows of over $204 million in the past 24 hours and $633 million over the past week, surpassing the outflows of other exchanges. In contrast, Binance has enjoyed a net inflow of $1.364 billion in the past week. Centralized Exchanges (CEX) Transparency (Source:…

Fundstrat's Tom Lee Stands by $150,000 Bitcoin Price Target

BitcoinJun 12

Tom Lee, Fundstrat Global Advisors co-founder, has defended his highly ambitious $150,000 Bitcoin price target during a recent interview with CNBC. Lee says that there are tailwinds that are associated with the recent Bitcoin halving. He has also noted that Bitcoin exchange-traded funds have experienced tremendous inflows. As reported by U.Today, these products are currently experiencing significant momentum, reaching a 15-day streak of uninterrupted inflows. BlackRock's IBIT alone has surpassed $20 billion in total assets under management. Lee has added that institutional infrastructure around Bitcoin is only in its nascent stage. Widening ownership will be propelling the largest cryptocurrency to…

Ripple Partner Tranglo Uses XRP in All Real-time Transactions

AltcoinsJun 12

Prominent XRP community figure Chad Steingraber recently raised awareness of how the Ripple Payments (formerly ODL) partner Tranglo uses XRP for real-time transactions. Steingraber shared the update in line with Tranglo’s effort to facilitate real-time settlement systems across various countries using the Ripple Payments solution, which leverages XRP. Tranglo // #Ripple Payments Process Step 1 – Request From Tranglo to Ripple Payments Step 2 – Draws down request amount of #XRP ODL Step 3 – #XRP is sent to Tranglo's Exchange account Step 4 – Remittance Payout Step 5 – Ripple Invoices for Payment https://t.co/yFDusgy7Ec pic.twitter.com/H4KAN5deA3 — Chad Steingraber (@ChadSteingraber)…

Plus500 Enhances its Class-Leading OTC Platform with Addition of Spot BTC ETF CFDs

ExchangesJun 12

Plus500 (LSE: PLUS), a global multi-asset fintech group operating proprietary technology-based trading platforms, has expanded its diverse product offering by introducing a range of Spot Bitcoin (BTC) exchange-traded funds (ETFs) for customers. It follows the landmark approval of 11 Spot BTC ETFs by the US Securities and Exchange Commission (SEC) in January 2024, which gave the green light for Bitcoin ETFs to be listed in the US with major players in the financial industry such as Grayscale, BlackRock, Fidelity, Bitwise and others. The SEC approval represents a transformative development for the cryptocurrency industry as it seeks to enhance its legitimacy…

Bitcoin ETFs Resume Inflow Winning Streak; BlackRock's IBIT Crosses $20B in AUM

BitcoinJun 12

The U.S.-traded spot bitcoin ETFs added $2.4 billion worth of bitcoin over the past month. This streak follows a period of flat to negative after an initial phase of euphoria. BlackRock's iShares Bitcoin Fund (IBIT) crosses $20 billion in assets under management. The U.S.-based spot bitcoin ETFs yesterday made it 15-consecutive sessions of net inflows, with the latest rush of money combing with a rally in the price of (BTC) to send BlackRock's iShares Bitcoin Fund (IBIT) to more than $20 billion in assets under management for the first time. According to Bloomberg Intelligence senior ETF analyst Eric Balchunas, the…

Tron Founder Justin Sun Suddenly Unleashes $196 Million on Major Exchange

AltcoinsJun 12

Justin Sun, the renowned crypto entrepreneur and founder of Tron, recently made a significant move on the crypto market, prompting speculation and intrigue among the community. According to reports from Lookonchain, citing data from Arkham Intelligence, Sun withdrew a staggering $196 million worth of USDT from Huobi and deposited it into Binance. The suddenness and scale of this transfer have left many in the industry wondering about Sun's next strategic move. For those unfamiliar with Justin Sun, he is a notable figure in the cryptocurrency space, known for founding Tron, a blockchain-based platform seeking to decentralize the internet. Sun's influence…

Understanding Atomic Swaps

ExchangesJun 12

What Are Atomic Swaps? The Mechanics Behind Atomic Swaps Advantages of Atomic Swaps Security and Trustlessness Decentralization Cross-Chain Compatibility Privacy Challenges and Future Prospects Wrap Up In the rapidly evolving world of cryptocurrencies, new technologies and concepts are continuously emerging, transforming the landscape of digital finance. One such innovation that has garnered significant attention is atomic swaps. But what exactly are atomic swaps, and why are they considered revolutionary in the realm of cryptocurrency trading? This article aims to provide an in-depth understanding of atomic swaps, their workings, benefits, and potential impact on the future of digital asset exchange. What…

Ordinals and Runes are proof of Bitcoin’s permissionless nature — Casey Rodarmor

BitcoinJun 12

Casey Rodarmor, the creator of the controversial Ordinals and Runes protocols on Bitcoin, recently discussed his motivations and the impact of his work on the Bitcoin network at Consensus 2024 in Austin, Texas. Rodarmor claims that the objective of his work with Ordinals and Runes is to ensure that Bitcoin remains secure and that its applications are also secure, allowing individuals to transact and use the network as they see fit, outside of state authority and censorship. “I think the only thing that’s interesting about any sort of blockchain is the extent to which it can assist the government,” Rodarmor…

NFT Prices Tumble As Crypto Investors Place Big Bets On Bitcoin And Ethereum ETFs

NFTJun 12

In a market dominated by optimism surrounding the price spikes of Bitcoin (BTC) and Ethereum (ETH), the non-fungible token (NFT) market has seen a decline in popularity. NFTs, which include digital artwork and collectibles recorded on blockchains, have recently experienced a notable loss of appeal. According to a Bloomberg report, Google searches for NFTs have reached their lowest levels since 2021, when these tokens first gained mainstream attention. Popular NFT Collections Experience Steep Price Declines A significant drop in sales further highlights the NFT market’s struggles. Researcher DappRadar reveals that NFT sales have decreased by more than six percent to…