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.

“The Event That Could Shift the Balance in Bitcoin (BTC) Mining is Near”

BitcoinJun 11

JPMorgan highlighted in a recent research report that Bitcoin (BTC) mining companies with attractive energy contracts could make interesting acquisition targets. This comes at a time when hyperscalers and artificial intelligence (AI) companies are exploring different alternatives to secure their energy needs. The mining industry is witnessing a surge in mergers and acquisitions, especially after the Bitcoin halving. Shares of Core Scientific (CORZ) rose on Tuesday after cloud computing firm CoreWeave signed a 200-megawatt (MW) AI deal with Bitcoin mining. CoreWeave has also reportedly made an all-cash offer to acquire the company. In another development, Riot Platforms (RIOT), another major…

ETH Faces Tight Trading Range Under Resistance

EthereumJun 11

Ethereum (ETH) continues to showcase its volatility and potential for strategic trading. As of June 10, 2024, ethereum’s price stands at $3,677, reflecting a daily range of $3,654 to $3,714. Ethereum Ethereum’s 1-hour chart reveals short-term volatility, with ether’s price testing lower levels around $3,642 and struggling to maintain above $3,700. Key support is identified at $3,642, while resistance is around $3,722. Increased volume on the drop to $3,642 suggests this level may hold as a potential support, indicating buyer interest. ETH/USD daily chart. On the 4-hour chart, ethereum exhibits a downtrend with a significant decline to $3,570, followed by…

EigenLayer’s biggest risk may be centralization, report suggests

AltcoinsJun 11

EigenLayer and its more than $12 billion in total value locked (TVL) went to mainnet last week, bringing the protocol’s vision for a restaking ecosystem on Ethereum a step closer to reality. Building an entire ecosystem atop Ethereum could be lucrative — a16z general partner Ali Yahya said EigenLayer has “the potential to change everything” — but it also could come with hard-to-predict risks. EigenLayer’s mainnet launch came with slashing and in-protocol payments disabled, and the protocol pledged to let the marketplace “develop and stabilize” before removing the training wheels. Read more: Restaking protocol EigenLayer heads to Ethereum mainnet In…

Crypto Custody Firm Fireblocks Partners With Coinbase International Exchange for More 'Reliable' Trading

ExchangesJun 11

Fireblocks is extending its MPC protection to customers of Coinbase International Exchange. The partnership protects the exchange’s operations, such as withdrawals and deposits, using Fireblocks’ governance and policy rules. Cryptocurrency custody firm Fireblocks is working with Coinbase International Exchange, the non-U.S. arm of the trading business providing perpetual futures and spot trading features for institutional and retail clients in eligible jurisdictions, the companies said on Monday. Fireblocks customers can now connect to their Coinbase International Exchange account and protect exchange operations, such as withdrawals and deposits, with Fireblocks’ governance and policy rules, according to a statement. Coinbase International Exchange received…

Bitcoin Options Traders Anticipate Imminent Breakout Above $74K to New Record Prices

BitcoinJun 11

Options trading desks saw heavy buying activity for BTC calls with June expiry. BTC "ready to squeeze higher" with some $1.5 billion worth of shorts concentrated around the $72,000 that can be liquidated, Matrixport noted. Bitcoin (BTC) options traders are increasingly positioning for the asset to hit fresh record prices this month, market data suggests. "Our desk saw strong bullish follow-through with significant call buying for June expiries, indicating positioning in the options market for a decisive break of 74,000 all-time-highs this month," digital asset hedge fund QCP said in a Wednesday market update. Options are derivative contracts that give…

Ethereum Records Highest Net Inflow in Three Months with 267,000 ETH

EthereumJun 11

Large Ethereum holders saw a net inflow of 267,000 ETH, the highest since March, reflecting sustained interest despite market fluctuations. Large holders of Ethereum (ETH) recorded a significant net inflow of 267,000 ETH on Thursday, marking the highest daily accumulation since March, according to data from the market intelligence platform IntoTheBlock. This inflow proves the sustained interest and activity among significant ETH investors despite the crypto market’s fluctuations. On Thursday, large ETH holders recorded a net inflow of 267k $ETH, marking the highest daily accumulation since March. pic.twitter.com/uBBhRpCxRz — IntoTheBlock (@intotheblock) June 10, 2024 Three-Month Netflow and Price Dynamics The…

Shiba Inu Lead Discusses Shibarium Role in CDSA Partnership

AltcoinsJun 11

Shiba Inu lead developer Shytoshi Kusama discusses the role of layer-2 network Shibarium in enhancing media content security with CDSA. Shiba Inu recently entered into a strategic partnership with the Content Delivery and Security Association (CDSA). This collaboration, announced on April 11, aligns Shiba Inu with leading industry giants such as Apple, Amazon, and Netflix, all dedicated members of CDSA. The primary aim of this alliance is to harness Shibarium, the Shiba Inu ecosystem layer-2 blockchain platform, to enhance the authenticity, security, and protection of content across the media and entertainment sectors. In-Depth Insights from Shiba Inu Lead Most recently,…

Can Upcoming Events Spark Price Surge to $1?

ExchangesJun 11

Binance Thailand is set to list Luna Classic (LUNC) on June 11th, 2024, at 2:00 PM Bangkok time (9:00 AM EST), according to crypto influencer Mr. Diamondhandz1. This listing coincides with a special event for the LUNC community. UPDATE: #Binance Thai will list $LUNC on June 11th, 2024 at 14:00 GMT+7 ( 9 AM EST), and announces a special event ONLY for the #LUNC community. This comes one day before the SEC, TFL settlement is announced on June 12th and also the FOMC meeting. 😉💎🤲🏻 #Crypto #LunaClassic pic.twitter.com/hNvd5L6lYa — Mr. Diamondhandz1💎 (@MrDiamondhandz1) June 9, 2024 The listing comes just a…

10 Steps to Self-Sovereignty with Bitcoin

BitcoinJun 11

Bitcoin Magazine's "10 Steps to Self-Sovereignty" series in partnership with Ledger is officially concluded. Over the last few months we have gone through many different topics, ranging from specific guides on how to manage and interact with your bitcoin securely and in a self-sovereign fashion, to explanations of fundamental properties that make Bitcoin a valuable and functioning asset and network. Now that the series has concluded, let’s look back at each article and the topic it covered. Step 1 | Understanding Your Bitcoin Keys: Bip39 Seed Words This first article takes a look at how to actually manage your seed…

Is ETH on the Verge of Dropping Below $3.5K? This Pattern Hints at It (Ethereum Price Analysis)

EthereumJun 11

After a brief consolidation near the critical $4K resistance level, Ethereum encountered increased selling pressure, leading to a decline. However, a significant support zone lies ahead, which may curb further downward movement. By Shayan The Daily Chart A closer look at the daily chart shows that after a short period of consolidation near the pivotal $4K resistance, Ethereum faced heightened selling activity, resulting in a notable rejection. This indicates strong selling interest around the previous major swing high of $4K, highlighting aggressive short positions near this key level. Nonetheless, there is a significant support zone ahead, including the 100-day moving…