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.

Coinbase proposes new blockchain adoption metric to combat airdrop-related distortions

BlockchainJun 9

Crypto exchange Coinbase has unveiled a new metric dubbed the h-index to address distortions in tracking onchain adoption caused by airdrop-related activities. Coinbase, a publicly traded U.S.-based cryptocurrency exchange, known for its development of Base, a layer-2 solution for Ethereum, has introduced a new metric to provide a more accurate measure of blockchain network adoption. This new metric aims to mitigate distortions caused by airdrop-related activities and Sybil attacks. In a research report on Friday, Coinbase noted that investments in blockchain infrastructure have led to an excess of blockspace, making onchain transactions cheaper and fueling networks with a new wave…

Industry Pundit Suggests Bitcoin Could Hit $1M if It Mirrors 2013-2017 Pattern

BitcoinJun 9

Chart data indicates Bitcoin (BTC) has the potential to spike to the $1 million price level if it mirrors the pattern it recorded between 2013 and 2017. Aurelion Ohayon, a former Mathematical Logic professor and the creator of the XOR trading machine, presented this chart data in one of his analyses of Bitcoin’s price movements. The analysis was further shared on X by Thomas Fahrer, co-founder of crypto review resource Apollo. Who needs to see this? #Bitcoin pic.twitter.com/qBByIdhLKe — Thomas | heyapollo.com (@thomas_fahrer) June 6, 2024 Ohayon leveraged the daily BTC/USD chart to make his ambitious projections amid sustained optimism.…

GameStop Dives 20% Ahead of Open After an Early Q1 Earnings Report

RegulationJun 9

For a while on Friday morning it looked as though the GameStop share price might rise high enough to make Keith Gill (better known as Roaring Kitty and DeepFuckingValue) into a billionaire before markets had even opened in the U.S. The meme stock trader and financial influencer has been sharing screenshots of his massive GME position in the Superstonk subreddit. And if GME had made it all the way to $65, the position that started with a $116 million investment would have ballooned to be worth $1 billion. But then the video game retailer, which has become the quintessential meme…

Uniswap v4 Enters Code Freeze, Render Network Proposes Blender Cycles Integration

AltcoinsJun 9

Uniswap v4 enters code freeze, preparing for deployment later this year. Render Network proposes Blender Cycles integration for enhanced 3D rendering. Uniswap invites early testers for the Extension Beta access program. Uniswap and Render Network have both unveiled significant updates to their ecosystems, signaling further advancements in the decentralized finance (DeFi) and 3D content creation spaces. 📣🦄 PSA: Uniswap v4-core (PoolManager) is entering a code-freeze soon™️ What does this mean? v4 features will be considered code complete. 🟣 No more features, additions, or refactors 🟣 No more breaking changes (i.e. the removal of hook permissions, how dynamic fees are… —…

Binance Active Users Reached 200 Million Mark

ExchangesJun 9

Key Points: Binance active users achieved growth of more than 30 million in early 2024 despite legal challenges. The exchange secured regulatory approvals and lifted a 10-month Mastercard restriction. Binance, the leading cryptocurrency exchange globally, has demonstrated substantial growth in 2024 despite facing significant legal challenges and government scrutiny. Binance Active Users Reached 200 Million Mark 2 Binance Active Users Achieve Major Growth in 2024 Binance active users increased by over 30 million in the first half of the year, highlighting the platform’s resilience and continued user trust amid ongoing turbulence in the cryptocurrency market. The increase in users from…

Neo added to the PoPP AI Chrome Box extension, users can now query the AI assistant about the ecosystem

BlockchainJun 9

Neo has been added to the PoPP AI Chrome Box Plugin, allowing users to access an AI-assistant tool and obtain information and answers to their Neo-specific inquiries. Alongside the AI assistant, the PoPP Chrome extension also offers a chat feature, allowing users to interact in real-time with others about projects within the PoP Planet ecosystem, such as Neo. PoP Planet is a social communication dApp that allows users to curate communities and deploy digital assets. The team seeks to incorporate blockchain to empower creators and key opinion leaders to monetize their influence and manage communities. Neo Global Development and PoP…

Bitcoin Just 3.5% Away from All-Time High, Analysts Weigh In

BitcoinJun 9

Bitcoin hit $71,031 on June 6, just 3.5% below its all-time high, spurring market excitement and indicating potential new peaks. Bitcoin’s price reached $71,031 on June 6, 2024, just 3.5% shy of its all-time high. This recent surge in Bitcoin’s value is drawing attention from the market, with historical data pointing to crucial resistance levels. Analysts argue that the current trend suggests a potential new peak, supported by technical analysis and market sentiment. Historical Resistance Levels Bitcoin’s price movements have shown key resistance points at several intervals. These include mid-March, early April, late April, mid-May, and early June. The most…

Bridging traditional finance and DeFi

DeFiJun 9

The following is a guest article from Vincent Maliepaard, Marketing Director at IntoTheBlock What is BlackRock’s BUIDL Fund? The BUIDL fund, formally known as the BlackRock USD Institutional Digital Liquidity Fund, represents BlackRock‘s venture into tokenized assets on a public blockchain. Utilizing the Ethereum network, BUIDL invests in cash, short-term debt securities, and U.S. Treasury bonds. The launch of BlackRock’s BUIDL fund excited many in the industry because it showcases how traditional financial instruments can integrate with the innovative capabilities of DeFi. However, BlackRock is not the first to explore this technology. Other notable firms have also made significant strides…

Customers Bank Said to Debank Some Digital Asset Hedge Funds

RegulationJun 9

Customers Bank has debanked a number of crypto hedge funds in recent weeks, three people said. One person said the move was mainly housekeeping and the offboarding of inactive accounts. To limit its exposure to digital assets the bank has capped deposits from crypto clients at 15% of total deposits. Customers Bank, which services some of the largest names in crypto including Galaxy Digital (GLXY), Coinbase (COIN) and Circle, has told some hedge-fund clients it can no longer provide them with banking services, according to three people familiar with the matter. Whilst the extent of the cull is unclear, one…

Brad Garlinghouse Highlights Ripple Stablecoin Key Benefits

AltcoinsJun 9

In a Fox Business interview, Ripple CEO Brad Garlinghouse discusses the company’s upcoming US dollar-backed stablecoin and reveals plans to capture a significant part of the market. Notably, the upcoming stablecoin, which is expected to launch on the XRP Ledger (XRPL) and Ethereum later this year, would serve as a bridge between crypto and traditional finance (TradFi). Plans to Gain Dominance in the Stablecoin Market During an interview with Fox Business’ Maria Bartiromo, Garlinghouse noted that the stablecoin market is currently valued at $150 billion, with projections from experts suggesting that the figure could soar to more than $2.8 trillion…