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Author: 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.

Hong Kong’s SFC chief praises Bitcoin

Bitcoin

Hong Kong’s Securities and Futures Commission chief Julia Leung says Bitcoin is clearly showing its power to stay as an “alternative asset.” Bitcoin, the largest crypto by market capitalization, is here to stay as it succeeded over the past 15 years to survive multiple cycles of “boom and bust,” Hong Kong’s Securities and Futures Commission (SFC) chief Julia Leung says. Speaking at the Greenwich Economic Forum, the SFC boss Leung acknowledged the prevailing skepticism among central bankers and economists regarding the intrinsic value of cryptocurrencies. Yet, Leung underscored the fact that over the past 15 years, Bitcoin “has survived multiple…

Hoskinson Applauds Cardano for Processing 8 Txns to 1,600 Recipients for a Mere $2.38 Fee

Altcoins

Cardano founder Charles Hoskinson recently expressed admiration for a block transaction to 1,600 recipients costing $2.38. Hoskinson’s reaction came after Dedium, a GPU computing network on Cardano, raised awareness about the blockchain’s beauty in terms of the transaction volume it handles. Dedium pointed out that just one block on the Cardano network processed eight transactions to 1,600 unique recipients. Notably, this block occurred precisely two months ago. The highlight of the block was its magnitude, processing speed, and meager commission. In particular, the eight transactions that made up the block cost 0.64 ADA each, for a total of 5.16 ADA…

Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice

Mining

Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in onchain fees. However, by the following day, bitcoin fees had substantially decreased, causing the hashprice to return to its previous levels. Bitcoin Miners See Hashprice Surge to $95, Followed by Sharp Decline Bitcoin miners experienced a brief period of significantly higher values for the computational power they contribute to the Bitcoin network. The hashprice, indicating the daily expected value of 1…

Coinbase Sees $500 Million Bitcoin Outflows as Spot ETFs Surge

Bitcoin

Coinbase, one of the largest cryptocurrency exchanges globally, has witnessed significant Bitcoin (BTC) outflows totaling nearly $500 million over the past 48 hours. This development comes from the spot Bitcoin exchange-traded funds (ETFs) experiencing a surge in activity and dominance, particularly on the United States market. According to data from CryptoQuant, recent movements of BTC on Coinbase are notable in volume and timing. On June 4, around 3:00 a.m., Coinbase saw a net outflow of 3,067 BTC, and just 14 hours later, at 5:00 p.m., another 3,734 BTC flowed out of the exchange. These outflows, combined, equate to approximately $500…

Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining

Mining

David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part of its new cryptocurrency-friendly policy. He revealed that big miners from the U.S. would be present at the event without disclosing the list of assistants. Trump Reportedly to Participate in Presidential Roundtable on Bitcoin Mining Bitcoin is becoming an active part of the U.S. campaign of all candidates in the presidential dispute. David Bailey, CEO of Bitcoin Magazine and cryptocurrency aide of the Trump campaign, recently announced that Trump would…

How to Stake Shiba Inu in 2024?

Altcoins

If you have some SHIB tokens sitting idle in your wallet, you can stake them to earn some extra rewards. In this article, we’ll show you how to stake Shiba Inu and highlight the different platforms you can use to stake SHIB tokens. Before we continue, it’s important to understand that staking SHIB is not the same as staking the native coins of Proof-of-Stake blockchains (for example ETH on Ethereum). SHIB is a token issued on the Ethereum network, and doesn’t play a role in the network’s consensus process. The term “Shiba Inu staking” is a catch-all term referring to…

Expecting 150 Thousand Dollars in Bitcoin, Standard Chartered Has Given Dates for 80 Thousand and 100 Thousand Dollars!

Bitcoin

While bullish and $100,000 calls for Bitcoin continue to increase, a new prediction came from the giant bank Standard Chartered. Accordingly, Standard Chartered, which expects $ 150,000 in Bitcoin, announced that it expects BTC to reach $ 100,000 before the US presidential elections this year. Speaking to The Block, Geoffrey Kendrick, head of digital assets research at Standard Chartered, said that if Friday's US Nonfarm Payrolls data comes back positive, the Bitcoin price could reach an all-time high over the weekend. “As the US approaches the presidential election in November, I expect Bitcoin to reach $100,000 before the election and…

Value DEX Welcomes HashKing in New Partnership

DeFi

Today, Value DEX announced on X (formerly known as Twitter) that HashKing is now part of their platform. HashKing is a decentralized staking protocol focused on Ethereum (ETH) and Filecoin (FIL). It helps users discover the best staking strategies through its transparent, trusted, and secure services. 🟦 WELCOME ONBOARD !!!@HashKingGlobal is a decentralized digital asset staking protocol that offers transparent, trusted and secure staking services. Together, we're shaping the future of these industries. 🟦 More Partnerships TBA pic.twitter.com/AGWqzZU6OA — Value DEX – Valu.so (@valu_so) June 9, 2024 Value DEX Expands with HashKing’s Advanced Staking Features HashKing Aggregator is a smart…

TON’s total value locked triples in month, crossing $148m mark

Altcoins

The TON network’s total value locked crossed the $148 million mark. TON’s $148 million mark became a new all-time high. According to DefiLlama, the figure increased almost threefold in a month and more than tenfold in a year. At the time of writing, TON’s TVL is $146.4 million. Source: DefiLlama Among TON-based projects, the leaders in TVL are the Tonstakers liquid staking protocol and the STON.fi decentralized exchange. At the time of writing, the total value of the assets blocked in them is $200 million and $83.4 million, respectively. Along with the network’s TVL, the price of the Toncoin (TON)…

Telegram launches in-app digital payments system called ‘Stars’

Blockchain

Telegram launched a new payment system for digital goods and services on the social media platform. Dubbed ‘Telegram Stars,’ the system allows people to pay for digital products like e-books and online courses via in-app purchases on Apple and Android. Telegram CEO Durov said that Telegram Stars offers users “a way to pay for digital services in mini-apps.” App developers can withdraw stars earned by their bots in TON, the native token of The Open Network, through the crypto exchange Fragment. They can also use stars to promote their apps on Telegram. Telegram CEO: ‘Stars’ is Apple, Google-compliant Telegram uses…