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.

Top Trader Issues Warning, Says Crypto Rally May Be Overheated and Lacking New Capital for Next Leg Up

BitcoinJun 4

A closely followed crypto trader is warning that the digital asset market may be overheated and lacking new liquidity. Pseudonymous trader The Flow Horse tells his 209,800 followers on the social media platform X that the crypto market may decline while heading into the halving event when Bitcoin (BTC) miners’ rewards are cut in half. The halving event is expected around April 20th. “Quick thoughts: the closer we get to halving the more likely I am to reduce some risk for a short period of time. Almost everyone is staring at this structure waiting for the same move, which often…

PEPE surges 18.5% amid increased whale activity

AltcoinsJun 4

Pepe (PEPE) has recorded an impressive price surge over the past day amid inflated whale activity. PEPE is up by 18.5% in the past 24 hours and is trading at $0.0000080 at the time of writing. The meme coin’s market cap increased to $3.31 billion, making it the 37th-largest digital asset at the reporting time. PEPE price, RSI, whale activity and exchange activity – April 24 | Source: Santiment Moreover, the PEPE daily trading volume rallied by 62%, reaching $1.64 billion. Data shows that 46.8% of the meme coin’s trading activity, over $768 million, comes from the Binance crypto exchange.…

MultiversX CEO Talks Sharding, Security, and Scalability

BlockchainJun 4

In the rapidly evolving world of blockchain technology, MultiversX is a pioneering force driving innovation and scalability. At the helm of this groundbreaking project is Beniamin Mincu, CEO and Co-founder of MultiversX. A prominent figure in the Web3 space, Beniamin’s vision and leadership have positioned MultiversX as a top-tier Layer 1 blockchain solution, renowned for its state sharding technology, robust security features, and energy-efficient operations. With a mission to empower entrepreneurs, developers, enterprises, and government officials, MultiversX is focused on creating a transparent and collaborative framework that fosters radical innovation. The platform’s impressive capacity of handling 263,000 transactions per second…

They Point to the Fall of Critical Data

BitcoinJun 4

A recently published report by Glassnode, one of the most prestigious analysis companies in the cryptocurrency world, revealed that Bitcoin reaching an all-time high in March led to an increase in profit taking by long-term wallets. However, according to analysts, this activity has started to decrease in recent weeks. “Typically, profit taking by long-term wallets tends to increase at all-time highs, but this has been tapering off in recent weeks,” the Glassnode Insights report published today said. The report also analyzed the asset balance between long-term Bitcoin wallets and new demand. It has been suggested that the current market is…

Sizing up demand for the ‘sub-standard’ US spot ether ETFs

EthereumJun 4

The expected launches of spot ether ETFs wouldn’t be as successful as bitcoin funds, industry watchers say, as educating investors may be a taller task this time around. Plus, the proposed ETFs are set to leave out one of ETH’s more attractive attributes. On the latter point, issuers disclosed last week that the proposed funds would not stake their ETH holdings. While the Securities and Exchange Commission approved 19b-4 proposals from the exchanges on which these funds would list, it could be weeks or months before the ETFs are able to launch. Read more: Digesting the ETH ETF decision: What…

Bitcoin Exchange Binance Continues the Burning Process of Its Native Token! Here is the Latest Amount of Burned Tokens!

AltcoinsJun 4

The BNB Foundation officially announced the successful completion of the 27th quarterly BNB token burn by BNB Chain, marking another milestone in the ongoing efforts to reduce the circulating supply of the token. BNB Foundation Completes 27th Quarterly Token Burn Here are the important details from the final cremation: Automatic Burn (Total BNB burned): 1,944,452.51 BNB Approximate value in US dollars at the time of burning: US$1.17 billion Transaction ID (TXID) for BNB burning: (Link not provided for privacy and security reasons) BNB is the native cryptocurrency of the BNB Chain ecosystem and powers various functions on platforms such as…

TrendX and KOI Forge Strategic Partnership in Crypto Realm

BlockchainJun 4

Promising to revolutionize the experience of a user in the crypto world, TrendX and KOI have entered into a strategic partnership. It is quite interesting and promising to combine two active platforms with different offerings and strengths. We are thrilled to announce our partnership with@Koi_BTC🚀🚀 Koi is supported by Binance Lab 🚀 With this collaboration, they're guaranteeing their users credibility, security, and access to top-tier resources#Koi #Web3 #AI #TrendX pic.twitter.com/aKSQYHsJPX — TrendX (@TrendX_official) June 2, 2024 TrendX and KOI to Revolutionize Crypto Gaming with Strategic Alliance In particular, KOI, the Kingdom of Inscription, is an AI-driven gaming platform that uses…

Bitcoin ETF Issuers to Face Legal Nightmare, Peter Schiff Predicts

BitcoinJun 4

Cryptocurrency naysayer Peter Schiff recently predicted that the issuers of Bitcoin exchange-traded funds (ETFs) would be sued by their disgruntled customers. Schiff is convinced that these customers will be searching for ways to recover their money after facing huge losses. Moreover, the gold bug believes that risk disclosures will not necessarily shield these issuers from legal troubles due to contradictory public comments as well as private comments made by text. As reported by U.Today, Schiff previously labeled Bitcoin ETFs as "speculative casinos," predicting that their success would not last. card However, so far, these products have been extraordinarily successful. Earlier…

“Ethereum Will Outperform Bitcoin,” Says Famous Analyst, Explains Why

EthereumJun 4

One analyst predicts that Ethereum will continue to gain value compared to Bitcoin in the near term. This prediction comes from Arbelos Markets co-founder Joshua Lim, who attributes this trend to the prospect of spot ETF trading attracting increased investor interest. According to Lim, the ETH/BTC rate, currently at 0.056, is likely to continue its upward trend and reach 0.06. This forecast follows a steady climb from a multi-month low of 0.045 in mid-May. This increase in ETH's value coincides with the surprise approval of eight spot Ethereum ETFs by the US Securities and Exchange Commission (SEC) last week. Unlike…

Mysterious 3 Trillion Shiba Inu (SHIB) Transfer Raises Questions

AltcoinsJun 4

A significant transfer of three trillion Shiba Inu tokens (SHIB) has recently emerged on the crypto market, prompting scrutiny and speculation regarding its implications. The transaction, valued at approximately $79.497 million, was revealed through a report from Whale Alert, a platform specializing in tracking large-scale cryptocurrency movements. According to the report, the transfer occurred between undisclosed wallets, shrouding the identities of the parties involved in secrecy. However, amid the enigma, one entity has emerged from the shadows – Robinhood, the renowned American brokerage giant. Etherscan data revealed that one of the recipient addresses belonged to Robinhood, hinting at the company's…