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.

Not Bitcoin Spot ETFs, But This Indicator Is the Real Bull, Analysts Say

Cryptocurrency market analysts have traditionally relied on demand for spot Bitcoin (BTC) ETFs to predict the direction of digital asset prices. But a new report by 10x Research suggests that stablecoin supply may be a more accurate indicator of crypto demand. Stablecoins, digital assets with a fixed price predominantly pegged to the US dollar, are a crucial infrastructure component that bridges the gap between traditional currencies and the digital asset world and provides liquidity for trading. According to Markus Thielen, founder of 10x Research, changes in their supply offer valuable information about the health of the crypto market. “We recommend…

BitcoinJun 5

Crypto Miner Core Scientific Inks $3.5 Billion Deal to Diversify Into AI

Core Scientific has announced a $3.5 billion, 12-year contract with the Nvidia-backed cloud service provider – CoreWeave. This significant partnership marks a strategic shift for Core Scientific as it ventures beyond Bitcoin mining into high-performance computing (HPC) and machine learning. CoreWeave will also enhance Core Scientific’s existing infrastructure, making it apt for complex artificial intelligence (AI) applications. Crypto Miners Diversify Into AI This deal expands upon a pre-existing collaboration between the two firms. It aims to retrofit Core Scientific’s facilities into cutting-edge, application-specific data centers. These enhancements are crucial for advanced computing tasks that modern AI technologies demand. Under the…

RegulationJun 5

Binance Announces the Altcoin It Chose for the 53rd Launchpool Project! BNB Mobilized After the Announcement!

Binance, the leading global cryptocurrency exchange, introduced Renzo (EZ) as the 53rd project in the Binance Launchpool, a liquid repurchase protocol aimed at increasing user participation in the crypto ecosystem. Binance Launches Renzo (EZ) on Launchpool The Launchpool web page for Renzo (EZ) is expected to go live in approximately 5 hours, just before Launchpool launches. Users will have the opportunity to deposit BNB and FDUSD tokens into separate pools to collect EZ tokens over a six-day period starting at 03:00 on April 24, 2024. Listing Details After the farming period, Binance will list EZ tokens for trading starting at…

AltcoinsJun 5

The Super-Fast Sei Blockchain’s Ecosystem Is Flourishing

The Sei blockchain stands out for its sensational speed, finalizing blocks in under 390 milliseconds, giving it the status of the fastest decentralized network in existence. It’s the industry’s first “parallelized EVM blockchain”, merging Ethereum’s pioneering development framework with the cutting-edge performance of Solana, prioritizing high-throughput, reliability and security. Sei is a part of the Cosmos ecosystem of blockchains and is designed to support an extensive array of dApps that need to cater to high-frequency trading at low costs and deliver a seamless user experience. Having launched its mainnet in August 2023, its advanced infrastructure has become a big hit…

BlockchainJun 5

Options market projects Bitcoin’s chances of reaching $100k

More than 600 Bitcoin $100,000 strike call options were traded in a significant block trade earlier today. According to Greeks.live, the traders had a notional value of up to $45 million and $8.5 million worth of premiums alone. Per the options market, traders are confident that Bitcoin’s price will reach or exceed $100,000. In simple terms, many traders are wagering that Bitcoin’s price will soar much higher, underlining a bullish sentiment in the cryptocurrency market. Bitcoin broke through the $70,000 zone without warning, one step away from a new all-time high. The rapid rise has driven all major term IVs…

BitcoinJun 5

South Korea’s Nonghyup and Woori advance tokenization projects

South Korean financial industry players are pushing on with tokenization efforts, with two of the country’s largest banks making major strides over the past week. According to a report by local outlet Maekyung, NH Nonghyup Bank received KRW 1 billion ($736,000) from the Korea Internet & Security Agency to advance its tokenization efforts. Nonghyup has channeled the funding to develop a tokenization platform that it hopes to launch before the end of the year. Clients will be able to tokenize any real-world asset on the bank’s platform, from real estate and stocks to art and intellectual property, according to local…

RegulationJun 5

Ethereum Validator Ranks XRP Investment Safer than ETH

A German-based Ethereum validator with X name Crypto EA has given a higher “safe” surge rate to an XRP investment than ETH. In a recent post on X, Crypto EA outlined the cryptocurrencies that comprise the most significant portion of his investment portfolio. The list included ten digital assets, with prominent ones like XRP, Ethereum (ETH), Fetch.ai (FET), and Vechain (VET). Meanwhile, the Ethereum validator specified a range for the expected surge of each asset, noting these ranges to be a “safe” zones for the respective tokens. Interestingly, he offered a higher safe range zone for XRP than Ethereum. My…

AltcoinsJun 5

Is BitVM the Holy Grail of Bitcoin? It’s Complicated, Developers Say

A once-vaunted scaling innovation for Bitcoin may be much more limited in practice than its early proponents once claimed, according to developers. Since its introduction in October, BitVM—described as a “computing paradigm” to express smart contracts on Bitcoin—has been pitched as a potential way to bridge BTC to other blockchains in a truly decentralized manner. If so, it could unlock a world of applications for BTC holders that are currently exclusive to other chains, including privacy, scalability, and dApps. However, such bridges will introduce a key limitation that critics claim the technology’s supporters have been elusive about. “BitVM bridges are…

BitcoinJun 5

Crypto Market Awaits Massive Value Flow Caused by $517 Billion in Unrealized Losses for US Banks

The US banking system is in a tough spot again with half a trillion of unrealized losses. $517 billion of unrealized losses have been recorded due to high mortgage rates. This has pushed 63 lenders to the brink of insolvency, Bitcoin pump ahead. The US banking system is one again under hot water as $517 billion is recognized as unrealized losses. The FDIC says 63 lenders are on the brink of insolvency. Will these US banks have to be bailed out again or will Bitcoin and cryptocurrency bring a solution? According to the Quarterly Banking Profile report, the US banking…

RegulationJun 5

Why Two DePIN Projects Are Dominating the Top 100 With Double-Digit Gains

While Bitcoin and Ethereum remain flat for the day, two tokens linked to decentralized physical infrastructure networks (DePIN) have been booming. The tokens for Akash Network and Zebec Network have posted monster gains, with AKT rising by 52.4% and ZBC by 38.5% in the past day. At the time of writing, AKT is trading for $6.29 and ZBC is trading for $0.03473, according to CoinGecko data. That's while the Bitcoin price has kept its footing above $66,000 and the Ethereum price has lost some ground to trade just below $3,200. DePIN has been an especially buzzy category in crypto lately.…

AltcoinsJun 5