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.

JOJO Exchange debuts zk-proofs to enhance on-chain derivatives

Decentralized exchange for perpetuals trading (perp DEX) JOJO implemented zero-knowledge proof (zk-proofs) technology for funding rates in their platform to keep perpetual contracts aligned with the spot market prices. According to Jotaro Kujo, JOJO’s co-founder, this is a fundamental development for on-chain derivatives trading. JOJO tapped into Brevis zk-proofs technology, which is a coprocessor able to read from and utilize the full historical on-chain data from any chain, and run customizable computations in a completely trust-free way. “With Brevis’ zk-proofs, we have the ability to do any calculation based on the transactions, the events, on any block time in any…

ExchangesJun 5

Bitcoin Price Resumes Upside, Why BTC Could Soon Hit New ATH

Bitcoin price is moving higher above the $71,200 resistance. BTC is showing positive signs and might soon extend gains above $72,500. Bitcoin climbed higher above $69,500 and $70,000 resistance levels. The price is trading above $70,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $70,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate higher if it clears the $72,500 resistance zone. Bitcoin Price Regains Momentum Bitcoin price started a decent increase above the $68,500 resistance zone. BTC cleared the $69,500 and $70,000…

BitcoinJun 5

Sotheby's 'Gold Fur' Bored Ape NFT Auction Will Retest Art World Demand

A curated batch of Bored Ape Yacht Club-centric Ethereum NFTs from Yuga Labs is set to be auctioned off at Sotheby’s on June 18, providing a white-gloved test of the staying power of Ape-themed assets in the fine art community. The lot of collectibles includes an NFT profile picture (PFP) from the Bored Ape Yacht Club, adorned in a leather work vest and “sushi chef headband.” Known as Ape #8552, one of the NFT’s main selling points is its former, now-bankrupt owner—aside from the Ape’s solid-gold fur, of course. Once an asset held by Three Arrows Capital (3AC), a crypto…

NFTJun 5

Rwanda Develops CBDC to Avoid Falling Behind, Central Bank Deputy Governor Says

Rwanda is contemplating launching a Central Bank Digital Currency (CBDC) because it does not want to be left behind and to prevent any hindrances to trade between the African country and its major trading partners. According to a deputy governor with the National Bank of Rwanda, the country should be prepared for digital currencies being developed by its respective trading partners. The Cost of Not Developing a CBDC Rwanda is actively working on launching its central bank digital currency (CBDC), partly to align with its major trading partners who are also exploring digital currencies. According to Soraya Hakuziyaremenye, the Deputy…

RegulationJun 5

Kraken Faces Major Bitcoin and Ethereum Withdrawals Amid Surging Demand

Kraken’s Bitcoin reserves are 122,300 BTC, which is the same as 2018 levels. Many exchanges are feeling the pinch from the soaring demand for Bitcoin and Ethereum. The biggest withdrawals of Bitcoin (BTC) and Ethereum (ETH) from the cryptocurrency exchange Kraken since 2021 have occurred recently. The current exchange supply crisis was described in depth in a post by Joao Wedson, founder and CEO of Dominando Cripto, which was cited by CryptoQuant, a blockchain analytics firm. Wedson reports that Kraken’s Bitcoin reserves are 122,300 BTC, which is the same as 2018 levels. Since early 2016, this marks the first occasion…

ExchangesJun 5

Bitcoin's latest rally driven by ‘huge accumulation’

Bitcoin’s (BTC) latest rally was driven by “huge accumulation” as investor appetite remains high despite five days of trading in the red over the past week, according to CryptoQuant research. Just three days ago, Bitcoin was trading at roughly $65,500 as markets closed on Friday. However, a sustained rally over the weekend took prices to $72,500 before US markets opened for trading on Monday. ‘Huge accumulation’ The analysis from CryptoQuant attributes the rally to a pronounced phase of accumulation, which indicates strong confidence among investors in Bitcoin’s long-term prospects, prompting them to increase their holdings significantly. One of the most…

BitcoinJun 5

Galaxy Digital Could Benefit From Improving Political Sentiment Towards Crypto in U.S.: Benchmark

Benchmark assumed coverage of Galaxy Digital with a buy rating and a C$19 price target. The digital assets platform is set to benefit from improving political sentiment towards cryptocurrencies, the broker said The approval of spot bitcoin ETFs in January was a boost for the company, the report said. Galaxy Digital (GLXY) is well positioned to benefit from resurgent crypto markets, U.S. political leaders’ improving sentiment towards digital assets, and the potential for increased adoption of bitcoin (BTC) and other cryptocurrencies, broker Benchmark said in a research report on Tuesday. Benchmark assumed coverage of the digital assets platform with a…

RegulationJun 5

Shiba Inu Reacts As Top Dubai Exchange Lists BAD

Dubai-based crypto exchange CoinW announces the listing of Shiba Inu’s artificial intelligence partner token, Bad Idea AI (BAD), on its trading platform. According to a recent announcement, CoinW will list the token in its innovation zone under the BAD/USDT trading pair. The exchange also took to X to announce the development. 🚨 #CoinW Listing Alert!$BAD (BAD IDEA AI) @badideaai will be Listed on 4th June 2024, 10:00 UTC. 🔥 Join the BAD bounty program and share a 10,000 USDT reward! 🔥 🔸 Deposit: 3rd June 2024, 10:00 UTC 🔸 Trading: 4th June 2024, 10:00 UTC 🔸 Withdraw: 4th June 2024,…

ExchangesJun 5

Crypto survey shows less consumer scepticism, but a third expect bitcoin price fall

LONDON, April 8 (Reuters) - Consumers are becoming slightly less sceptical about bitcoin, a Deutsche Bank survey published on Monday showed, although just under a third of those questioned still expect its price to drop sharply by the end of 2024. WHY IT'S IMPORTANT Although people have poured billions of dollars into bitcoin, hoping for returns if its price rises, top regulators have said it has no inherent value and presents risks. BY THE NUMBERS Deutsche Bank said it surveyed more than 3,600 consumers, with 52% of respondents saying cryptocurrencies will be an "important asset class and method of payment…

BitcoinJun 5

Polygon Spinoff Avail Raises $43M in Series A Funding

Avail, a blockchain project known for its data availability network, announced Tuesday that it has raised $43 million in a Series A funding round led by Founders Fund, Dragonfly and Cyber Fund. The news comes three months after Avail, which spun out of Polygon in March 2023, shared it had raised $27 million in seed funding. Data availability networks like Avail are used to help blockchains store information cheaply and in an easy-to-reference manner. The tech is particularly useful in the context of blockchain scaling, helping layer-2 "rollup" networks manage transaction data and other information without relying on the main…

RegulationJun 5