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.

Vitalik Buterin-backed developer of privacy protocol Nocturne shuts down

BlockchainJun 7

The company behind the privacy-focused protocol Nocturne has announced its closure just four months after discontinuing the protocol itself. Nocturne, which developed a privacy-oriented protocol for Ethereum, is shutting down less than a year after securing $6 million in funding from Bain Capital Crypto, Polychain Capital, and Vitalik Buterin. Hey all, some tough news. After shutting down the privacy protocol we built earlier last year, we’ve decided to wind down the company. The frontend https://t.co/bDN4zxs1fH will remain open for withdrawals until the end of this month. From there we will convert the withdrawal… — Nocturne (@nocturne_xyz) June 5, 2024 In…

What to Expect From Price?

BitcoinJun 7

With the Bitcoin halving event only 11 days away, there is a lot of talk around how it could affect Bitcoin's price. Historically, halving, which cuts the reward for mining new blocks in half and thus reduces the rate at which new Bitcoins are generated, has led to bullish movements on the Bitcoin market due to the perceived increase in scarcity. As we approach this fundamental event, it is worth noting that Bitcoin ETF volume remains strong weeks after Bitcoin's all-time high. This suggests sustained institutional interest, which could be crucial as we near the halving date on April 19.…

Nvidia Flips Apple As Stock Hits $3 Trillion Market Cap Amid AI Boom

RegulationJun 7

The stock price of AI and gaming chip manufacturer Nvidia (NVDA) surged past $1,235 on Wednesday, up 14.2% for the day, bringing the company's market capitalization to $3.01 trillion, according to Yahoo! Finance. If the trend holds, Nvidia will be the second most valuable publicly traded company, leapfrogging iPhone maker Apple (AAPL). Nvidia—which has seen its stock skyrocket more than 150% so far this year—began the week trading at $1,125 on Monday before rising 9.78% on Wednesday. Apple is trading at $195.87, up 0.78% for the day. The only other company in the $3 trillion club is Microsoft (MSFT), which…

SHIB Lead Shytoshi Kusama Sends Crucial New Message to Fudders and Community

AltcoinsJun 7

The mysterious lead of the Shiba Inu team known under the pseudonym Shytoshi Kusama has emerged on social media after quite a long absence to slam SHIB fudders and address the community with an important new message about the next iteration of the ShibaSwap dex. Shytoshi Kusama slams fudders, teases major update The screenshot of Kusama’s social media post was shared on the X platform (formerly known as Twitter) by the official marketing lead of the Shiba Inu team, Lucie. Kusama addressed a specific “Fudder”, capitalizing the word and deliberately not naming this person. Shytoshi stated that he had spent…

Biconomy Partners with AA for Enhanced Blockchain Scalability and User Experience

BlockchainJun 7

Biconomy revealed its strategic partnership with the pioneering team at AA, marking a significant step towards improving blockchain scalability and user experience. Biconomy, known for its Full Stack AA solutions, aims to simplify blockchain transactions. This partnership promises to combine Biconomy’s technological expertise with AA’s pioneering approaches to significantly enhance transaction efficiency and user interface, ultimately facilitating a more scalable blockchain framework. We're proud to be partnering with the pioneers of AA, @biconomy! 🌟 Biconomy offers Full Stack AA for seamless blockchain transactions, enhancing scalability with an effortless UX! 🚀 We have exciting things in the pipeline planned out! 👀…

China’s largest mainland equity funds quietly join spot Bitcoin ETF market, report says

BitcoinJun 7

Mainland Chinese fund companies are leveraging their Hong Kong subsidiaries to explore spot Bitcoin ETFs, signaling their keen interest in the new investment avenue. Chinese mainland-based equity funds have reportedly submitted their applications to launch spot Bitcoin exchange-traded funds (ETFs) via their Hong Kong subsidiaries, according to a report from China’s state-owned newspaper Securities Times, which cites multiple institutions as a source. While the full list of China’s companies interested in offering spot Bitcoin ETFs wasn’t disclosed, it has been confirmed that Harvest Fund Management’s Hong Kong branch is among those awaiting approval from the Securities & Futures Commission (SFC)…

European Central Bank Implements First Rate Cut in Five Years!

RegulationJun 7

Key Points: ECB slashes rates by 25 basis points, aiming to spur growth amidst rising inflation. Inflation expected at 2.5% in 2024, moderating to 1.9% by 2026, signaling cautious optimism. Modest growth anticipated, with GDP forecasted to increase by 0.9% in 2024, rising to 1.6% by 2026. European Central Bank (ECB) has announced its first rate cut in five years, reducing rates by 25 basis points. This decision reflects the ECB’s proactive approach to managing economic challenges amidst evolving global conditions. The rate cut comes amid concerns about rising inflation in the Eurozone. European Central Bank expects inflation to reach…

Shiba Inu Lead Finalizes Mysterious Deal

AltcoinsJun 7

The Shiba Inu ecosystem lead Shytoshi Kusama has closed a secretive deal of pivotal significance for the SHIB Army. Kusama subtly hinted at this significant development during his latest interaction with the community via the Shibarium Telegram group. Shiba Inu Lead Discloses New Deal During the weekend, Kusama revealed on Telegram that he was engaging with an individual of considerable significance regarding Shiba Inu affairs. Accordingly, he urged group members to warmly welcome this individual with the community’s signature “woof” excitement. “I’m sitting with someone VERY important. Can we give a warm woof and welcome,” Kusama appealed. Shiba Inu lead…

GaFin Announces Strategic Partnership with MagicCraft to Elevate Blockchain Gaming Experience

BlockchainJun 7

GaFin, a leading player in the Web3 gaming revolution, has announced a strategic partnership with MagicCraft. MagicCraft is a player-versus-player (PvP) multiplayer online battle arena (MOBA) game built on blockchain technology. This collaboration promises to enhance the gaming landscape by integrating GaFin’s advanced gaming platform with MagicCraft’s immersive fantasy universe. GaFin announced this partnership via its official X account today. GaFin 🤝 @MagicCraftGame 🌈 We’re thrilled to announce our strategic partnership with @MagicCraftGame – a PvP MOBA built on Blockchain – an ecosystem of games, and a fantasy universe 🤩 Through our partnership, we're preparing for: 📍 In-game quests 📍…

Bitcoin (BTC) Breaks Key Resistance: $85,000 Next

BitcoinJun 7

Bitcoin’s (BTC) price recently posted a new all-time high and has since been attempting to do it again. Looking at the chart, it seems that a long-term bullish outlook is the possible outcome. However, investor behavior suggests differently. Bitcoin Breaks Out Bitcoin price has been enjoying the bullishness emanating from the consistent accumulation noted by the investors. In the past week alone, the total supply of all exchanges has declined from 812,000 BTC to 799,000 BTC. This suggests that close to 13,000 BTC worth over $926 million has moved from exchanges to investors’ wallets. Bitcoin Supply on Exchanges. Source: Santiment…