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.

What is Bitcoin? You don’t know and you can’t explain it!

BitcoinJun 11

Bitcoin is digital gold. Bitcoin is an inflation hedge. Bitcoin is money. Bitcoin is a technology. Bitcoin is software. Bitcoin is hope. Bitcoin is an electrical system. Bitcoin is a heating system. The reality is that all of them are wrong, in the sense that all of them are just a partial description of what Satoshi Nakamoto started. That second word, “is,” is where the problem is. Even though Bitcoin is all of them, if you say only one of them, you are limiting your understanding of it. The only true answer: Bitcoin is Bitcoin. We have to realize all…

Ethereum Price Battles Resistance: Faces Steep Climb Ahead

EthereumJun 11

Ethereum price declined heavily and tested the $3,580 support zone. ETH is now recovering and faces many hurdles near the $3,740 zone. Ethereum started a recovery wave and climbed above the $3,660 resistance. The price is trading below $3,750 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,740 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh upward move unless there is a close below the $3,640 support. Ethereum Price Faces Resistance Ethereum price extended its decline below the $3,660 support zone. ETH even…

The people of New Zealand prefer crypto to real estate

RegulationJun 11

Many New Zealanders want to build wealth with cryptocurrency instead of real estate. They are switching to crypto due to their disinterest in conventional financial systems. Crypto is more accessible than real estate investment, mainly due to the high costs involved with getting into the market. Cryptocurrency has gained cross-generational appeal among the citizens of New Zealand, and the New Zealand crypto market is witnessing a boom. Crypto is scaling new heights of excellence even among the traditional institutional investor community. Crystal-clear information and better education surrounding cryptocurrency are the need of the hour. The New Zealand government will soon…

Japanese Banking Giant Unveils Passive Income Service for Shiba Inu

AltcoinsJun 11

SBI VC Trade, the crypto division of SBI Japan, has opened an application window for a staking service that generates passive income for Shiba Inu and other select cryptocurrencies. The prominent Japanese trading platform announced this offering via its official X account, posting details of the program on its blog. In particular, the SBI VC Trade offering is the lending service dubbed “Rent Coin.” The recent disclosure spotlights holders of Shiba Inu (SHIB), Bitcoin (BTC), and Bitcoin Cash (BCH). ／#貸コイン本日20:00～募集開始📣 BTC/BCH/SHIB 対象3銘柄✨ ＼詳細はこちら🔻https://t.co/BlUfm32IAG スマホの方はアプリから📱#SBI #SBIVC #VCトレード #暗号資産(#仮想通貨) #レンディング pic.twitter.com/GPbzirqc0v — SBI VC Trade (SBI VCトレード） (@sbivc_official) April 18,…

Analytics Company Reveals the Most Powerful Cryptocurrency Exchanges – Here’s Who Has the Most Liquidity and Volume

ExchangesJun 11

A recent study by Kaiko found that Binance is still the leader in liquidity among 43 cryptocurrency exchanges surveyed in Q2 2024. Likiditeye göre en başarılı kripto para borsaları. (1 en iyi skor olacak şekilde) Interestingly, Binance is followed by the South Korean exchange Upbit, which ranks 10th in this ranking due to its low activity score despite its high volume. There is only one person in the management team of the exchange. The 10 largest cryptocurrency exchanges by average trading volume. The exchange appears to be both the most liquid exchange and the exchange that recorded the highest trading…

Bitcoin Price Rises After Bank of Canada Cuts Interest Rate Below 5%

BitcoinJun 11

Canada’s central bank just cut its benchmark interest rate for the first time in four years—a pivotal move that suggests other monetary authorities could soon start doing the same. That’s good news for risk assets like Bitcoin, which have historically performed well when borrowing money is cheap and when the fiat money supply is on the rise. After the news broke, Bitcoin shot up 1.5% to $71,600, its highest price since March. The price of BTC has settled to $70,930 as of writing, according to CoinGecko data. “We've come a long way in the fight against inflation,” said Bank governor…

Will Spot Ethereum ETFs Catch Up to Bitcoin? According to Analysts, SEC Could Change A Lot in ETH ETFs with a Decision!

EthereumJun 11

While the SEC also approved spot Ethereum ETFs after Bitcoin, ETH ETFs still have not started trading. At this point, analysts think spot Ethereum ETFs will not receive as much investment as Bitcoin ETFs. Speaking to The Block, Jag Kooner, head of derivatives at Bitfinex, had the same opinion about Ethereum ETFs, saying that if ETFs started trading now, they could capture one-fifth of spot Bitcoin ETF investment flows. Kooner stated that the SEC's decision on staking is very important for ETH ETFs and said: “ Estimates in the market suggest that spot Ethereum ETFs could capture 10-20% of flows…

Roaring Kitty Is Down Over $350 Million on GameStop Since Thursday

RegulationJun 11

We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! In the last four days alone, meme stock influencer Keith Gill, aka Roaring Kitty, has lost over $350 million on his GameStop (GME) position. You wouldn’t tell by his demeanor. As GME continued to shed value on Monday, Gill mocked his own fortunes, posting memes on Twitter belittling his financial status. And as the price fell in real time during his Friday livestream, his first in three years, he wore…

USDe Holders Should Monitor Ethena's Reserve Fund to Avoid Risk, CryptoQuant Warns

AltcoinsJun 11

In the event of negative funding rates, Ethena’s current reserve fund would only be sustainable if USDe’s market cap was below $4 billion. Ethena generates a yield through a tokenized "cash and carry trade." CryptoQuant says Ethena would need to maintain a keep rate above 32% in the event of a bear market. USDe holders should monitor the project’s reserve fund to avoid risks related to the potential of a negative funding rate, according to data provider CryptoQuant. Ethena Labs, the firm behind the USDe stablecoin, currently offers an annual yield of 17.2%, a rolling average over the past seven…

Robinhood’s Acquisition of Bitstamp Expands Its Global Reach: Architect Partners

ExchangesJun 11

The Bitstamp acquisition expands Robinhood’s global reach, the report said. The investment bank said the deal also increases the trading platform’s institutional exposure. Architect Partners said the price paid for the acquisition was reasonable. Crypto is becoming an increasingly important part of Robinhood’s (HOOD) business and, despite receiving a Wells Notice from the U.S. Securities and Exchange Commission (SEC) last month, the trading platform continues to expand its digital assets business, investment bank Architect Partners said in a Friday report. The expansion is evidenced by the recent agreement to buy crypto exchange Bitstamp, the bank said. Architect notes that crypto…