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.

Blockchain system for transport tickets developed by UK experts

BlockchainJun 4

Experts at the University of Birmingham (UOB) in the United Kingdom have developed a transport ticketing solution using blockchain and ontology. Proving yet again that blockchain technology has utility beyond payments, the UOB team developed the System for Ticketing Ubiquity within Blockchains (STUB) solution. STUB utilizes both blockchain and ontology, a way of modeling and managing complex information systems to create robust, transparent, and interconnected data structures. While the blockchain is used for selling and validating tokenized tickets, ontology allows providers to capture and share information about the transport network. This, in turn, will enable them to offer data about…

Q2 Correction Coming? Benjamin Cowen Warns Fed Rate Cuts Could Push Crypto Into Downswing

BitcoinJun 4

A widely followed crypto analyst is warning that the digital asset market could decline this quarter if the Fed starts cutting rates. In a new video update, crypto strategist Benjamin Cowen tells his 797,000 YouTube subscribers that if altcoins start breaking down against Bitcoin (BTC), it could indicate the start of a market correction due to recessionary pressures. “Will Bitcoin rally beyond April? Will it rally beyond the halving [event in April]? I think the answer to that question is going to be dependent on if alt/Bitcoin pairs break down. If alt/Bitcoin pairs break down in April, then I think…

Clear Path to Higher Resistance Levels in Sight

EthereumJun 4

Ethereum is approaching $4,000 amidst speculation of reaching $4,500 before ETF trading begins. Strong buying interest supports Ethereum’s bullish run, with significant support levels identified. Ethereum’s recent breakout from consolidation indicates potential for further upward movement, targeting higher resistance levels. Ethereum’s (ETH) recent price action has noted a definitive breakout from a period of consolidation, setting its sights on higher resistance levels. Currently, ETH is on the verge of a potential rally toward a new yearly peak as its price inches closer to $4,000. Analysts have previously speculated that Ethereum could reach $4,500 ahead of the commencement of ETF trading.…

Popular Mem Token Floki (FLOKI) Announced a Surprise Altcoin Partnership, Prices Mobilized!

AltcoinsJun 4

According to the announcement made by Alchemy Pay, Floki Inu, the public cryptocurrency and utility token of the Floki Ecosystem, has partnered with Alchemy Pay to integrate the On-Ramp Service into its website for the fiat-based purchase of FLOKI. “Floki, the public cryptocurrency and utility token of the Floki Ecosystem, has seamlessly integrated Alchemy Pay's Ramp Service into its website. With the inclusion of Alchemy Pay, Floki's global community can easily purchase its utility token, FLOKI, using fiat currencies in 173 regions and countries. This partnership with Alchemy Pay marks an important step towards a more accessible and user-friendly onboarding…

With ZK-Rollups, Blockchain Scalability Is No Longer a Problem

BlockchainJun 4

Many people believe blockchain can transform industries ranging from finance to supply chains to healthcare and more. Yet despite being around for more than a decade, challenges continue to hinder blockchain’s adoption, with one of the most pressing ones being the problem of how to scale to support millions of transactions. Looking to overcome this challenge once and for all, ZK-Rollups, or Zero-Knowledge Rollups, are an extremely promising concept that aims to dramatically increase the throughput of blockchains. ZK-Rollups are Layer-2 scaling solutions that take advantage of Zero-Knowledge Proofs to enable benefits that go beyond simply increasing throughput, giving users…

SEC Punts on New York Stock Exchange Bitcoin ETF Options

BitcoinJun 4

The U.S. Securities and Exchange Commission has delayed a decision on allowing spot Bitcoin ETFs options to trade on the New York Stock Exchange, the regulatory body announced on Monday. In its declaration, the SEC extended the initial review period for trading any Bitcoin ETF options—including digital asset manager firm Bitwise’s Bitwise Bitcoin ETF and Grayscale’s Grayscale Bitcoin Trust—another 45 days to the end of May. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change,” SEC Assistant…

Can Ethereum Price Maintain This Support and Spark a New Increase?

EthereumJun 4

Ethereum price started a downside correction below the $3,880 support. ETH is now testing the $3,760 support and might aim for a fresh increase. Ethereum started another downside correction below the $3,880 zone. The price is trading above $3,750 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,880 on the hourly chart of ETH/USD (data feed via Kraken). The pair could restart its increase unless there is a move below the $3,760 support. Ethereum Price Dips To Support Ethereum price failed to test the $4,000 resistance zone and started a downside…

Is Tether becoming Bitcoin’s most influential miner?

MiningJun 4

Ask a typical Bitcoiner to name the most influential mining company, and they would almost certainly name Bitmain. The company is by far the world’s dominant mining rig manufacturer and leads a near-majority of mining pools: Antpool and its many sockpuppets. Quietly, however, stablecoin giant Tether has been increasing its influence with a variety of bitcoin miners across the globe. The stablecoin giant recently invested $100 million in Bitdeer, a publicly traded company operated by a Bitmain co-founder, and it’s also the leading investor in Blockstream, Bitcoin’s leading development company. Funded partly by Tether, Blockstream has an operating mining division…

Chakra Partners with Starknet Foundation for Blockchain Advancements

BlockchainJun 4

Chakra, the first ZK-driven BTC settlement network with a universal restaking protocol, has revealed its partnership with the Starknet Foundation. This collaboration is intended to improve parallelization and decentralized or shared sequencing for the Madara Starknet Substrate stack. Announcing our technical team's strategic partnership with @Starknet @starknetfndn to push frontiers around parallelization & decentralized/shared sequencing technologies for the @MadaraStarknet Substrate stack. pic.twitter.com/PakW5B15SA — Chakra 🌊 Testnet is LIVE 🌊 (@ChakraChain) June 3, 2024 Chakra and Starknet to Release BlockSTM on Mainnet for TPS Enhancement One of the key initiatives is optimistic parallelization using BlockSTM. This technology is expected to be…

Bitcoin retreats from $72,000 ahead of US CPI report

BitcoinJun 4

Bitcoin's decline reflects market caution ahead of pivotal CPI data release. Bitcoin’s (BTC) price has shown volatility ahead of tomorrow’s US Consumer Price Index (CPI) report. According to CoinGecko’s data, after surging past $72,000 earlier this week, Bitcoin retraced below $68,500 on Tuesday. BTC is trading at around $68,800 at press time, down 4% in the last 24 hours. The CPI report, due Wednesday, is expected to considerably impact the Federal Reserve’s policy, especially regarding interest rates. Last month’s CPI inflation was reported at 3.2%, with core CPI at 3.8%. Projections for the upcoming data estimate a CPI of 3.5%…