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.

“Dream Whale” Turns $110K into $8.72 Million in Just 3 Hours by Buying This Memecoin

AltcoinsJun 6

According to information based on onchain data by the cryptocurrency analysis company Lookonchain, a crypto whale made a lucky transaction by taking a big risk. Considering the popularity of memecoins in the Solana ecosystem, many traders try to make a profit by being the first buyer of memecoins released here, but traders often fail because a large number of these tokens fail to deliver as expected and are reset. However, this trader seems to have gotten lucky. According to onchain data, the trader in question bought 110 thousand dollars from the memecoin named MANEKI and turned it into 8.72 million…

Former Binance CEO CZ Reports to Federal Prison

LegalJun 6

Former Binance CEO Changpeng Zhao has already reported to a federal prison in California to start his four-month prison sentence, according to Bloomberg. Zhao will serve his sentence at Lompoc II, a low-security correctional institution where inmates spend most of the day outside. Prison consultant Sam Mangel believes that CZ is going to be "perfectly fine." Farmlands are a big part of the Lompoc federal prison, with a lot of inmates working on farms that produce beef, field crops, and milk. This is where a lot of manual labor is done. Potential jobs range from dairy farming and riding horses…

What is the Next Target for BTC? The Analyst Who Was Successful in His Predictions Announced!

BitcoinJun 6

While the leading cryptocurrency Bitcoin exceeded $ 72,000 again today, investors' expectations for further rises continue. While many analysts are analyzing the BTC chart, a new analysis has come from 10x Reserach founder Markus Thielen, known for his accurate predictions. At this point, Thielen stated that the chart indicates an upward trend for Bitcoin and said, “The chart shows that Bitcoin's last triangle consolidation has resulted in an upward trend.” said. “Bitcoin surpassed $72,000 through a symmetrical triangle pattern defined by a resistance line connecting the highs of March 15 and March 27 and a support line connecting the lows…

ETH Bulls Target $5k Rally in June

EthereumJun 6

Ethereum price recorded a blistering 4% surge over the weekend, as it reached a daily timeframe peak of $3,839 on June 3, bears face more liquidation risk amid shrinking ETH supply. Ethereum starts June 2024 with a 4% Uptick Following the 30% price upswing that greeted the Ethereum ETF approvals, many ETH holders entered a profit-taking frenzy in the last week of May, cutting the monthly gains to 24%. However, as the sell-the-news wave cools off, ETH markets have begun to attract buying momentum in June. Ethereum Price Action ETHUSD June 2024 | TradingView As depicted in the yellow shaded…

Hey regulators, here’s how to get crypto right

LegalJun 6

In the United States, the understandable doom and gloom around the regulatory environment has put a pall on much of the enthusiasm in the crypto industry. The Gensler SEC seems to be lashing out at the biggest players in the market with Wells notices sent to Uniswap, Consensys and Robinhood. But, as the meme goes: Touch grass. For crypto regulatory lawyers, this means getting out of the United States. I had the good fortune a few weeks ago to be able to travel to Dubai and Bangkok for a series of crypto conferences. And the mood in those markets is…

BTC Nears Breakout, Relies On Dollar Index Pullback To Continue Rallying

BitcoinJun 6

Renowned crypto analyst Dan Gambardello thinks the crypto market is preparing for a significant development after some reasonable consolidation. In a recently uploaded video, Gambardello noted that the Dollar Index is in a critical moment and needs to pull back for the crypto market to rally. BITCOIN Apex ALERT! CARDANO Signals MAJOR Move! Intro 00:00 U.S. Dollar currency indext 00:35 Bitcoin halving month 1:30 The next Bitcoin price move 2:55 Is Cardano really underperforming 7:15 Very clear note on the next ADA move 8:00 This ADA dip has been normal 9:00 Bullish… pic.twitter.com/kpmxXrVr5d — Dan Gambardello (@cryptorecruitr) April 7, 2024…

Ethereum (ETH) Whales Make $32 Million Move

EthereumJun 6

In a significant development on the cryptocurrency market, a massive Ethereum (ETH) transfer has caught the attention of investors and analysts alike. Whale Alert, a prominent blockchain tracking service, tweeted that 8,759 ETH, worth around $32.96 million, have been transferred from an unknown wallet to Coinbase. This transfer signals a potential sell-off from an Ethereum whale. Whale movements often serve as significant indicators of market sentiment. Large transfers, especially those heading toward exchanges like Coinbase, typically suggest that the whale might be preparing to sell a portion of their holdings. Such actions can lead to increased volatility and potential price…

French Law Paves Way for Digitalization

AltcoinsJun 6

French Senate is set to debate a new law inspired by the Model Law on Electronic Transferable Records that would allow digital trade documents to optimise trade finance. The law could massively boost DLT adoption to underpin digital documentation and provide decentralised identity; IOTA is the leader in this field, with initiatives in Europe, Africa and the Middle East. France has taken the first step in digitalising trade finance. With a new law that could massively boost decentralised ledger technology (DLT) adoption in the country, it seeks to compete with Germany, the UK, and other leading investment destinations. As featured…

We don’t see a clear roadmap for getting our executive back from Nigeria

LegalJun 6

Noah Perlman, Binance’s Chief Compliance Officer, discussed the latest in the legal battle involving Nigeria and Binance executive Tigran Gambaryan. Perlman commented on the ongoing saga involving two Binance executives and the Nigerian government without giving much hope for a resolution anytime soon. “We don’t really see a clear roadmap to getting him back in the near term,” said Perlman during an interview with CNBC, in reference to Tigran Gambaryan. Perlman said that Binance is doing as much as possible to get Gambaryan back to the United States, but the U.S. government has most of the power in negotiations. Gambaryan…

Bitcoin Miners With Attractive Power Contracts Are Potential M&A Targets, JPMorgan Says

MiningJun 6

Power demand from hyperscalers and AI firms may make bitcoin mining companies potential takeover targets, the bank said. JPMorgan said CoreWeave’s deal with Core Scientific validates the mining sector’s pivot to HPC. The report said that bitcoin miners under financial pressure following the recent halving may be more susceptible to a deal. Hyperscalers and artificial intelligence (AI) firms are exploring different alternatives to securing their energy needs, and this may make bitcoin (BTC) mining companies with attractive power contracts appealing acquisition targets, JPMorgan (JPM) said in a research report on Wednesday. A hyperscaler is a large-scale data center specializing in…