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.

Bitcoin Will Explode If Bulls Break The “Fuse” At $72,000

BitcoinJun 10

Bitcoin’s price has risen roughly 2% in the past 24 hours, trending above $70,000, a psychological level. As bulls prepare for more gains, Willy Woo, an on-chain analyst, believes the coin could soar even higher after breaking above the all-important resistance level at $72,000. Will Bitcoin Soar To $75,000 Due To A Short Squeeze? Even after the spike on May 20 lifted the coin above $66,000 after days of lower lows, taking Bitcoin to $56,500, bulls didn’t follow through. As things stand now, Bitcoin is within a broader range, capped at $72,000, the first local support, and $73,800, the all-time…

Bitcoin DeFi security concerns still lurk, says Fireblocks executive

BitcoinJun 10

A Bitcoin (BTC) decentralized ecosystem has been in rapid development in 2024, with its total value locked (TVL) jumping 263% so far and surpassing $1 billion, according to data aggregator DefiLlama. Nevertheless, as a nascent sector where builders try to create applications compatible with other blockchains, new security issues might surface while it grows. Shahar Madar, VP of Security and Trust at Fireblocks, shared with Crypto Briefing his insights on Bitcoin decentralized application risks and how mature the security of the decentralized finance (DeFi) ecosystem is. Crypto Briefing – Did you find any issues with the different applications built on…

NFTs Almost Dead on Google Trends

NFTJun 10

Global search interest for non-fungible tokens (NFTs) remains at abysmally low levels despite the ongoing cryptocurrency rally, according to data provided by Google Trends. The aforementioned term attracted few search queries compared to "crypto" this year. This indicates cooling demand for the sector that defined the 2021 bull run. In March, the term "crypto" reached a value of 100, which indicates peak popularity. The term "NFT" paled in comparison to "crypto" with a value of just 10. The same trend could be observed in May, with NFTs failing to attract any substantial interest despite growing crypto prices. This marks a…

Major BTC ETFs Add $862.79M in Bitcoin Holdings, Reports Lookonchain

BitcoinJun 10

The prominent nine BTC ETFs have recently included a significant amount of tokens. As per Lookonchain (a well-known platform for on-chain analytics), the respective exchange-traded funds have added worth of nearly $862.79 million with these tokens. Bitcoin inflows into spot ETFs have been positive for a long period now as 15 days have past with variable inflows. The analytics platform took to social media forum X to provide the details about the respective ETFs. Jun 5 Update: 9 ETFs added 12,165 $BTC($862.79M).#Blackrock added 3,894 $BTC(+$276.19M) and currently holds 295,457 $BTC($20.95B).#Fidelity added 5,378 $BTC(+$381.42M) and currently holds 170,611 $BTC($12.1B).https://t.co/CteFrs7Jck pic.twitter.com/aDr5Ijo83t —…

How DeFi Projects Are Changing Different Industries

DeFiJun 10

In recent years, the Defi revolution is full force. We are looking at new blockchain projects every day. Ranging from various industries. From finance, to gaming, everything is changing. These projects are doing so in various ways. By using blockchain technology to cut out the middlemen for example. And generally changing our entire perspective on everything money-related. This means more transparency, security, and efficiency across various industries. Let’s take a look at how DeFi is changing many industries, including online gambling. And why it’s important to make sure you’re playing legally when using crypto casinos. How DeFi Is Making an…

Bitfarms adopts ‘poison pill’ amid Riot Platforms’ takeover attempt

MiningJun 10

Bitfarms has adopted a shareholder rights plan to protect its strategic review process from Riot Platforms’ takeover attempts. Bitfarms, a Toronto-headquartered Bitcoin mining company, announced in a Jun. 10 press release that its board of directors unanimously approved the adoption of a shareholder rights plan to safeguard the integrity of its strategic alternatives review process. The Rights Plan (commonly referred to as a “poison pill”) aims to protect the interests of Bitfarms’ shareholders by preventing any potential hostile takeover attempts. The move comes in response to recent actions by Riot Platforms, a Colorado-based Bitcoin mining company. “The Rights Plan is…

Eigen Layer holds more than $20B in reported value: Riskier than meme tokens?

DeFiJun 10

Eigen Layer launched only two months ago on the Ethereum mainnet. Since then, the protocol reported constant inflows of collateral deposits, reaching $20B. Skeptics view the deposit frenzy as similar to meme tokens. Read: EigenLayer on the Edge of Potential Yield Crisis Eigen Layer still hinges on tokenless earnings, but those are based on provable reserves. The source of Eigen Layer value is staked ETH, which is then used for securing new projects. Eigen Layer does not consolidate deposits and distributes them among multiple Actively Validated Services, each with different rules. The competitive AVS already shows a set of leaders…

The Introduction of JAM Protocol

AltcoinsJun 10

In the ever-evolving world of blockchain technology, a groundbreaking proposal has been put forward by the Polkadot Fellows. This proposal introduces a new protocol, tentatively named JAM, which could potentially overhaul the core functionality of the existing Polkadot Relay-chain. This article delves into the intricacies of the JAM protocol, examining its purpose, implementation strategy, and the implications it holds for the Polkadot network. What is JAM Protocol? JAM stands for a revolutionary approach in blockchain technology, hinted at in the recently discussed “Gray Paper.” This protocol is designed as a decentralized, cryptoeconomic system that might one day serve as the…

Paraguayan Minister Unveils Future Economic Strategy Centered on Bitcoin Mining for Industrial Transition

MiningJun 10

Javier Gimenez, from the Paraguayan Ministry of Industry and Commerce, revealed that the government plans to take advantage of the energy sold to legal bitcoin mining operations. Gimenez stated that selling Paraguay’s energy to bitcoin mining companies is part of the government’s strategy, which seeks to rebuild its industry in three years as part of a transitional phase. Paraguayan Minister Reveals Government Will Keep Selling Energy to Bitcoin Miners Paraguay has revealed its strategy regarding bitcoin mining. Javier Gimenez, the Minister of Industry and Commerce, recently disclosed the new direction Santiago Pena’s government will follow, stating that the country will…

Polkadot treasury allocates $14.4 million to bolster DeFi project Hydration

DeFiJun 10

Polkadot Treasury has allocated 2 million DOT, valued at $14.4 million, to enhance the liquidity of the DeFi project Hydration, according to a June 10 statement shared with CryptoSlate. The project stated that the funds will boost the liquidity and efficiency of its single-sided liquidity provisioning platform, Omnipool. This latest funding aligns with Polkadot’s current efforts to improve and expand the network’s adoption worldwide. Over the past weeks, the blockchain’s Web 3 Foundation has funded several projects, including PolkaPort East and Accelerate Polkadot. Two-phase execution This allocation will be executed in two phases. The first phase will disburse 1 million…