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.

TeraWulf Stock Soars After May Bitcoin Output Report

RegulationJun 7

TeraWulf’s stock surged in Tuesday’s session after the mining firm released its monthly production update for May, the first full month since the latest Bitcoin halving event. The company mined 186 bitcoin in May, with an average production rate of approximately 6.0 bitcoin per day. TeraWulf said installed and operational self-mining capacity reached approximately 8.0 EH/s, representing an 82% year-over-year increase. The company averaged $31,239 per bitcoin self-mined in May, reflecting an approximate rate of $0.039/kWh. Bitcoin halvings are programmed to occur automatically roughly every four years. After a halving event, miners receive 50% fewer bitcoins as a subsidy reward…

$Gummy Trader Makes $10M from $9,770 Just in 24 Hours, Says Lookonchain

AltcoinsJun 7

The recent price rallies in the crypto market have come as opportunities for several investors. Lookonchain (a famous on-chain analytics provider) has disclosed a case where someone made $10M from $9,770 just in twenty-four hours, showing a 1,025x increase. The respective profit is huge in its amount and raises the eyebrows of the market onlookers. He invested in $Gummy. Some speculations say there might be some inside job behind this development. Sniper or insider? This guy turned $9,770 into $10M in just 1 day, a gain of 1,025x! 12 minutes before $GUMMY was deployed, this guy withdrew 65.23 $SOL from…

Stream and Azarus Collaborate to Combine Streaming and Gaming Communities

BlockchainJun 7

Stream has reportedly started a new collaboration. As per the reports, it has partnered with Azarus (a prominent Web3 layer that offers game streaming services) to combine the communities of streaming as well as gaming sectors. Azarus operates as an open platform providing interactive, live, and open digital experiences to expand content engagement. Stream Collaborates with Azarus, Joining the Streaming and Gaming Communities Azarus occupies an important place in the market by using the interactive overlay facility. Entities like Twitch utilize this feature for playable ads. With this technology, Azarus has distributed more than $2 million in rewards. In addition…

Bitcoin Price Hints At Potential Correction, Buy The Dip?

BitcoinJun 7

Bitcoin price is showing a few positive signs above the $68,500 resistance. BTC must settle above the $70,000 resistance to continue higher in the near term. Bitcoin is eyeing a steady increase above $69,500 and $70,000 levels. The price is trading above $68,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $68,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $68,000 support zone. Bitcoin Price Holds Support Bitcoin price started a decent increase above the…

M^0 Secures $35 Million Series A to Revolutionize Digital Money Issuance

RegulationJun 7

Switzerland – M^0, a decentralized infrastructure layer designed for the issuance of cryptodollar assets, has announced a successful Series A funding round, raising $35 million. — This funding coincides with the launch of the M^0 core protocol and its on-chain governance mechanism on the Ethereum Mainnet. Bain Capital Crypto, the cryptocurrency investment arm of Bain Capital, led the round, with participation from prominent investors and strategic partners including Galaxy Ventures, Wintermute Ventures, GSR, Caladan and SCB 10X M^0's team includes veterans from MakerDAO and Circle, bringing a wealth of experience to their institutional-grade DeFi infrastructure. Their platform enables institutions to…

FTX Readies to Sell More Solana (SOL): Price Impact

AltcoinsJun 7

FTX’s bankruptcy estate is preparing for a pivotal move by auctioning a significant batch of Solana (SOL) tokens. This strategy forms part of FTX’s liquidation process initiated after its collapse in November 2022. The upcoming auction, which diverges from previous fixed-price sales, is a strategic shift signaling potential changes in market dynamics. Will the Crypto Community Participate in the Solana Auction? Previously, between 25 million and 30 million SOL tokens were sold, netting nearly $1.9 billion. These were priced at $64 each, a sharp 60% discount from the market price then. However, the discount came with a trade-off, i.e., the…

Shibarium Faces Temporary Outage: Details

AltcoinsJun 7

Shibarium, Shiba Inu's layer-2 solution has suffered an outage, according to a recent post on the X social media network by Shiba Inu developer Kaal Dhairya. Dhairya explained that the outage was caused by networking issues amongst the validators. At press time, the network is back up and running. However, as noted by Dhairya, Shibariumscam, the popular website tracking the health of the Shibarium network, and external remote procedure calls (RPCs) can still remain down while the team is dealing with external issues. External teams working for Shibarium on the infrastructure level have been encouraged to reach out to Dhairya…

Ronin Network shatters records with over 20 million unique wallets

BlockchainJun 7

Sky Mavis’s prominent blockchain platform, Ronin Network, has achieved a remarkable milestone by surpassing 20 million unique wallets. This achievement underscores Ronin’s rapid growth and its increasing popularity, particularly in the blockchain gaming sector. Launched as a dedicated sidechain to support the Axie Infinity ecosystem, Ronin has gained substantial traction by offering lower transaction fees and faster processing times compared to the Ethereum mainnet. The booming popularity of Axie Infinity, one of the leading play-to-earn games in the blockchain space, is largely responsible for the surge in unique wallets on the Ronin Network. Axie Infinity’s innovative model, which allows players…

Bank of Canada Begins G-7 Rate Cut Cycle, Trimming Benchmark Rate 25 Basis Points

RegulationJun 7

As expected, the Bank of Canada Wednesday morning cut its benchmark overnight rate by 25 basis points to 4.75%. The move was anticipated by most economists as policymakers in Canada had previously signaled satisfaction with the direction of inflation alongside some concern about slowing economic growth. "[It is] reasonable to expect further cuts to our policy interest rate" if inflation continues lower, said BoC Governor Tiff Macklem in prepared remarks following the decision. At press time, bitcoin (BTC) was little-changed following the news, trading at $70,500. With its action today, the BoC becomes the first of the G-7 central banks…

Aave Labs’ Cross-Chain Strategy for GHO Stablecoin

AltcoinsJun 7

Aave Labs is steering the GHO stablecoin towards a promising future with its strategic rollout plan for cross-chain functionality. This initiative marks a significant step in enhancing GHO’s accessibility and utility across diverse blockchain networks. Advancing GHO’s Reach with Chainlink’s CCIP Following a successful community vote, Aave Labs adopted Chainlink’s Cross, establishing a secure foundation for GHO’s cross-chain activities. The adoption of CCIP is part of a broader strategy to facilitate secure and controlled implementations of GHO across various blockchain environments. The community is moving forward with the GHO Cross-Chain Rollout Plan, selecting the best network for launching GHO's cross-chain…