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.

Is Ethereum (ETH) in Danger of Price Drop?

EthereumJun 6

Ethereum might drop below a crucial price level, especially if the historical support level does not hold. For now, Ethereum is moving at the $3,760 price level, with support at $3,720. In case of a drop below the aforementioned support, the 26 EMA is the next level for a bounce. Potential volatility is indicated by Ethereum's current price action. Since the $3,720 support level has already been put to the test multiple times, bulls must protect it. The 26 EMA, which is currently at $3,568, is the next major support if this level is broken. It will be carefully observed…

Epoch Times CFO Charged With $67M Fraud Scheme Involving Crypto Platform

LegalJun 6

Epoch Times CFO Bill Guan was charged with participating in a scheme to launder $67 million in illicit funds to benefit himself and the company. The scheme involved using cryptocurrency to purchase crime proceeds at a discount and funneling them into the company's accounts, leading to a significant increase in Epoch Times' reported annual revenue. Epoch Times chief financial officer Bill Guan was indicted by the U.S. Department of Justice (DoJ) early Tuesday. The DoJ accused him of being involved in a scheme to launder $67 million using crypto. Epoch is a popular political conservative media outlet known for its…

CU, together with MiL.k, unveils their metaverse game Play CU X MiL.k

MetaverseJun 6

CU and MiL.k deliver their metaverse game Play CU X MiL.k within The Sandbox, connecting the space between Web2 and Web3. For the uninitiated, CU is a top-of-the-line departmental store based in South Korea, whereas MiL.k is basically a blockchain-oriented loyalty incorporation platform. Through their released game, Play CU X MiL.k, players can connect with their favored department store via extremely engaging gaming content. They will also have the option of interacting with the CU’s mascots, such as K-ROO, SHYROO, and HAROO. The Play CU X MiL.k event will commence on June 5th and run until the 25th of the…

Net inflows slow, but continue prior to BTC price rise

BitcoinJun 6

Net inflows into spot bitcoin ETFs slowed last week, but remained positive before bitcoin’s price shot up above $72,000 Monday morning. Bankrupt lender Genesis finished selling its shares of the Grayscale Bitcoin Trust ETF (GBTC) — a process that appeared to periodically weigh down the segment from a flows perspective. The 11-fund US BTC fund segment reeled in $485 million of positive net flows from April 1 to April 5, according to Farside Investors data. Read more: ETFs helped ‘legitimize’ bitcoin ahead of halving: Q&A The total — reflecting an average daily net inflow of $97 million — was a…

Ether Price Poised for Supply 'Shock' as ETFs May Attract $4B Inflows in Five Months, K33 Research Says

EthereumJun 6

U.S. spot ETFs could accumulate around 1 million ETH in five months based on the size of similar ETH products globally and CME futures open interest relative to bitcoin, K33 Research said The omission of staking will not negatively impact the inflows to the ETFs, the report said. Ethereum-based exchange-traded funds (ETF) that can directly hold ether (ETH) are soon arriving in the U.S. and could attract $4 billion of inflows in the first five months, crypto analytics firm K33 Research said in a report. The company based its forecast by comparing the assets under management in existing ETH-based exchange-traded…

Tax Statement for Cryptocurrencies from Minister Mehmet Şimşek!

LegalJun 6

The draft regarding the “Proposal Law on Amendments to the Capital Markets Law”, which includes Turkey's cryptocurrency regulations, was announced by AK Party Group Chairman Abdullah Güler at the press conference he held in the Turkish Grand National Assembly in recent weeks. This crypto bill was passed by the Commission in the Turkish Grand National Assembly last week. While it is expected that the bill will be discussed in the General Assembly of the Turkish Grand National Assembly in the coming days, new statements came from the Minister of Treasury and Finance Mehmet Şimşek. According to the news of Türkiye…

The Basics and Benefits of Running a Bitcoin Node

BitcoinJun 6

Bitcoin is a decentralized and finite digital currency, it’s verifiable by anyone anywhere in the world. This is the chief reason people have any interest in holding it at all. No one can dilute the supply, no one can counterfeit Bitcoin, it just works as an autonomous system that cannot be interfered with. So how do you participate in this system fully to verify everything? If you think that simply using a Bitcoin wallet is enough to do so, I’m sorry to tell you that in reality that does not make you a full participant in the Bitcoin network. A…

Aave tops $20 billion in deposits amid record revenue and fee switch discussions

DeFiJun 5

Aave community members are pushing for a fee switch proposal after the DeFi protocol’s annualized revenue reached new highs this week. On June 2, Matthew Graham, a member of the Aave liquidity committee, reported that the protocol was “averaging just over $80 million in annual revenue from seven Aave v3 & v2 deployments” across various blockchain networks, including Ethereum. Stani Kulechov, the founder of Aave, corroborated this milestone, stating: “Aave DAO is now earning $115 million annualized. Let that sink in.” This high revenue is not unexpected, considering CryptoSlate recently reported that Aave was one of the few decentralized applications…

Did A Single NFT Purchase Change Washington's Mind on Crypto?

NFTJun 5

Valentin Pletnev is far from the best-known name in cryptocurrencies, but a scheduling snafu that kept him away from Donald Trump's recent Mar-a-Lago NFT gala might've dramatically rerouted U.S. cryptocurrency policy. Only select holders of Trump's NFT collection were allowed into the exclusive May event. Pletnev purchased one of those tickets as soon as he learned of the gathering – earning it by purchasing 100 Trump "Mugshot Edition" digital trading cards. "I thought it was hilarious because I'm not American," Pletnev, the German co-founder of Quasar Labs, which builds a decentralized finance protocol on the Cosmos blockchain, said in an…

Ethereum Set to Outperform Bitcoin in the Next Bull Market, Eyes For $10k

EthereumJun 5

ETH ETF approval could attract $4 billion inflows in five months, says K33 Research. Ethereum (ETH) might outperform Bitcoin (BTC) in the second half of this market cycle. ETH price may rally to $10,000 if it surpasses the $4,000 mark, analysts predict. After the approval of the Ethereum ETF which directly holds ether (ETH) is soon going live in the U.S. Meanwhile, crypto analytics firm K33 Research report suggests that ETH ETF could attract $4 billion in inflows within the first five months. K33 Research made their prediction by looking at how much money is managed in existing ETH-based exchange-traded…