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.

Somnis Rumble Rush Goes Live on Immutable zkEVM

GameFiJun 9

Immutable, a prominent Ethereum-based forum for developing Web3 games, has recently announced an exclusive project. As the platform noted, it is unveiling a cutting-edge evolution in the sector of real-time casual strategy gaming with Somnis Rumble Rush. The company took to the social media platform X to disclose the respective initiative. Somnis Rumble Rush is launching on Immutable zkEVM, powered by @0xPolygon!@overtake_world, led by former @EA GM renowned for leading FIFA Online generating over $600M annually is bringing Somnis Rumble Rush for everyone to play on Immutable. Somnis Rumble Rush is the next… pic.twitter.com/fwzgQY8lUk — Immutable (@Immutable) June 7, 2024…

Key Reasons Why Bitcoin Not At $100,000 Yet from Capriole Investments Founder

BitcoinJun 9

Crypto analyst and founder of the Capriole Investments fund Charles Edwards has taken to the X social media platform to share his take on why the world’s leading cryptocurrency Bitcoin has not reached the $100,000 level so far. He named the key factors that he expects to propel the BTC price upwards within the coming few months. "Why aren't we at $100,000 yet?" Charles Edwards published a thread on X to share the reasons which he believes to stand between Bitcoin and the much-anticipated $100,000 price mark at the moment. This price surge has not yet taken place despite the…

Ethereum Whale Moves $33.55 Million in ETH to Coinbase: Details

EthereumJun 9

An Ethereum (ETH) whale has transferred 8,710 ETH, valued at approximately $33.55 million, to Coinbase, one of the leading cryptocurrency exchanges. The transaction was highlighted by Whale Alert, a service that tracks large crypto transactions. The transfer has sparked speculation that this whale might be preparing to sell a large portion of their holdings. Such moves are closely watched by the crypto community, as they can significantly impact market dynamics. Given the recent rally in Ethereum’s price, it is plausible that the whale intends to capitalize on the gains. Over the last 30 days, the ETH price has surged by…

SPCT token plunges 43% amid allegations of a rug pull

AltcoinsJun 9

Spectra Chain’s native token, SPCT, experienced a significant decline, plummeting 43% on Friday morning following emerging allegations of a potential rug pull by its team. At the time of writing, the token was trading at $0.0094, marking a 27% fall within the last 24 hours. SPCT 24-hour price chart | Source: CoinMarketCap Previously reaching an all-time high of $0.05065 on April 9, 2024, the current price of SPCT is now 81.66% lower than its peak. Spectra Chain, which recently launched its Layer 2 solutions on April 16, is known for its Proof of Stake consensus mechanism designed to improve scalability,…

Which Coins Are Regulated in the EU?

LegalJun 9

With Binance's recent announcement about the upcoming MiCA rules implementation that will impact customers from the European Economic Area (EEA), many crypto users are naturally wondering what this will mean for stablecoins like Tether, USDC, DAI, and others. According to EU legislators, the Markets in Crypto-Assets Regulation (MiCA) aims to ensure that legislative acts on financial services are fit for the digital age and support the use of innovative technologies, including distributed ledger technology (DLT) and blockchain. When it comes specifically to stablecoins, the rules introduce a set of regulations aimed at companies offering stablecoins in the EEA. These rules,…

Bitcoin Could Lift to $83K in the Coming Days, Analyst Says

BitcoinJun 9

10x Research projects a rally to $83,000 based on technical analysis. The bullish breakout is likely to happen on Friday or next week. Bitcoin (BTC) may be setting up for a rise to $83,000 as it completes a major bullish price pattern on the daily chart, according to technical analysis by 10x Research. A price move above $72,000 would confirm a breakout from an inverted head-and-shoulders pattern, characterized by three price troughs, with the middle one being the deepest. "It is only a matter of time until bitcoin makes a new all-time high. The head-and-shoulders formation suggests a rally towards…

Cathie Wood's Ether ETF Pullback Is Likely Due to Fee War

EthereumJun 9

Cathie Wood's Ark was the first company to seek permission to create a spot ether exchange-traded fund (ETF) in September, a pioneer who blazed the trail before a wave of other high-profile applicants. And then, within the past week, it bowed out without explaining why. Chalk it up to the intense battle to lure customers with low fees for crypto ETFs, according to experts. During a fireside chat at CoinDesk's Consensus conference in Austin, Texas, last week, Wood said ARK's spot bitcoin ETF, launched earlier this year, wasn’t making the firm any money because it charges investors such a low…

Shibarium UI Revamped With Expanded Support for MetaMask, Coinbase Wallet

AltcoinsJun 8

The Shiba Inu ecosystem development team has launched an updated user interface for Shibarium with support for prominent crypto wallet solutions MetaMask and Coinbase Wallet. The Shiba Inu layer-2 blockchain has undergone a major revamp, prioritizing speed and development efficiency. The Shibarium team announced the unveiling of the updated Shibarium platform via their official X account and SHIB website. They expressed excitement about the new milestone, noting the updated Shibarium user interface offers improved speed, seamless navigation, and enhanced accessibility. #SHIBARMY we're thrilled to launch the new Shibarium UI update—now faster, smoother, and more accessible than ever! 🎊 We expanded…

Global Frameworks vs. US SEC's Ambiguity

LegalJun 8

Gary Gensler once described the Securities and Exchange Commission’s (SEC) role in policing the “Wild West” crypto industry as a “cop on the beat”. Although anecdotal, what has since followed is a series of high-profile civil lawsuits against some of the sector’s largest players. Yet, a statement like this would only ring true if the SEC actually adhered to its very own rule-driven standard. It’s no secret that the SEC, which aims to bring crypto under tighter government scrutiny as its primary overseer, is continuing to drag its feet by refusing to tailor rules to clarify oversight of the multi-trillion…

Why Donald Trump Loves Bitcoin

BitcoinJun 8

President Donald Trump has made a calculated pivot to embrace Bitcoin and crypto, sensing a strategic advantage against incumbent Joe Biden in the 2024 election. While Biden has projected hostility toward Bitcoin, Trump directly appeals to the growing voter bloc of Bitcoin supporters. In recent months, Trump began accepting Bitcoin donations, became the first-ever U.S. president to accept Bitcoin lightning payments and promised pro-crypto policies if returned to the White House. This marks a notable shift for Trump, who was previously indifferent toward Bitcoin and crypto. BREAKING: 🇺🇸 Donald Trump becomes first American President to accept #Bitcoin Lightning payments for…