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.

237.8 Billion SHIB Grabbed by New Whale After Major Shiba Inu Development

According to data shared by Etherscan, over a day ago, a recently set up cryptocurrency wallet purchased several hundred billion SHIB meme coins. Whale grabs 237.8 billion SHIB The transaction was made from an anonymous wallet that may indicate an OTC purchase or a whale distributing his cryptocurrency stash between smaller blockchain addresses. A whopping 237,868,630,126 SHIB were transferred to the aforementioned wallet in total. This amount of meme cryptocurrency is evaluated at $6,290,435 at the time of this writing. The purchase took place after the SHIB team made a major announcement about securing $12 million in investments for developing…

AltcoinsJun 4

Jeremy DaVinci Teases Bitcoin (BTC) Rally on Bollinger Bands Nudging

Early Bitcoin (BTC) adopter Jeremy DaVinci has shared insights into the potential price trend for the digital currency. Taking to his official X handle, DaVinci highlighted the interesting times the crypto industry is in with sustained parabolic growth in the price of Bitcoin. Despite the retracement Bitcoin faced earlier this month, DaVinci said the price of the asset has closed above the upper Bollinger Bands indicator for two consecutive months. According to him, the last time this event happened, the price of the coin jumped as high as 2x in just two months after the setup was confirmed. As a…

BitcoinJun 4

Is FlokiFi the Future of Crypto Security? $18 Million Lock-in Sparks Industry Buzz

The digital asset landscape is witnessing a significant shift as blockchain technologies like FlokiFi Locker bring enhanced security to cryptocurrency transactions and holdings. In a recent major development, Alltoscan has adopted FlokiFi’s advanced decentralized finance (DeFi) locker protocol to secure a substantial $18 million worth of $ATS team tokens. This move not only underscores the growing trust in FlokiFi Locker’s technology but also exemplifies its role in shaping the future of secure digital transactions. Alltoscan, a prominent player in blockchain technology, is spearheading efforts to develop a comprehensive block explorer that supports all rollups, thereby enhancing transparency and usability in…

AltcoinsJun 4

7 Bitcoin Ordinals and Runes Projects You Should Know Ahead of the Halving

It’s a wild time for Bitcoin. The leading cryptocurrency’s price surged higher and higher in March to break its 2021 peak price, spot Bitcoin ETFs are spurring wider interest in the coin, and this month’s Bitcoin halving and Runes token protocol are driving significant excitement. Given all of that, it’s no surprise that Bitcoin Ordinals are white hot lately, with the NFT-like assets taking over the market and shaking up the battle between marketplaces as well. If you’ve been sitting on the sidelines, now’s the time to take a closer look at Ordinals and the growing buzz around the on-chain…

BitcoinJun 4

A New Dawn for Decentralized Data?

In a strategic move to bolster its ecosystem, Mina Protocol has partnered with Celestia to incorporate a first-of-its-kind modular decentralized data availability (DA) solution. This collaboration is spearheaded by Geometry Research and supported technically by o1Labs. It marks a significant advancement in the Mina ecosystem, introducing more robust data availability options that are crucial for the development of zkApps—applications that utilize zero-knowledge proofs to ensure privacy and security while maintaining the integrity of the underlying data. The integration is timely as blockchain technology faces increasing challenges around data availability, a critical aspect for ensuring transparency and security in decentralized networks.…

AltcoinsJun 4

Five Factors Fueling Its High Stance

Bitcoin showcases resilience, maintaining its position above $70,000 despite recent market fluctuations. Deutsche Bank analysts highlight five key reasons supporting Bitcoin’s enduring high prices. “Central banks’ shift towards a more accommodative stance could boost investor interest in cryptocurrencies,” say Marion Laboure and Cassidy Ainsworth-Grace. Amid a dynamic financial landscape, Bitcoin’s persistence above the $70,000 mark underpins investor confidence, backed by significant developments and economic shifts poised to sustain its high valuation. Pivotal Catalysts Propelling Bitcoin Bitcoin’s recent rebound, surpassing the $70,000 threshold, underscores its robustness in the volatile cryptocurrency market. Deutsche Bank’s Marion Laboure and Cassidy Ainsworth-Grace attribute this endurance…

BitcoinJun 4

372 Million SHIB Out of 411 Million Scorched by Awakened Dormant Whale: Details

Data provided by the Shibburn tracking platform shows that within the past week, the SHIB army’s relentless efforts have helped to dispose of over 400 million Shiba Inu meme coins. According to the same data source, almost all of those hundred millions of SHIB were destroyed in a single move by a mysterious meme cryptocurrency whale. SHIB army burns 411.8 million coins Shibburn has revealed that in total a staggering 411,867,374 SHIB were transferred to unspendable blockchain addresses. Still, despite the massive amount, the weekly burn rate was almost 50% down overall, according to the tweet published earlier today. The…

AltcoinsJun 4

Metis Launches Sequencer Mining with Artemis Finance and Enki Protocol

Metis, the pioneering rollup platform, has unveiled the second phase of its Decentralized Sequencer upgrade. This is a significant milestone in its journey towards enhanced decentralization and network efficiency. The Decentralized Sequencer upgrade’s Phase 2 has been activated via a hard fork on block 16500000. The upgrade introduces groundbreaking features including the ability to process multiple transactions within a block and the launch of Sequencer Mining. Phase 2 of the Decentralized Sequencer Upgrade is Now Live. The second phase of the historic upgrade activates Sequencer Mining, multiple transactions per block, and a transaction pool. Users can start mining now, through…

AltcoinsJun 4

Bitcoin Halving to Send BTC Price Ballistic, Top Analyst Predicts

The countdown to Bitcoin's (BTC) highly anticipated halving event has begun, and top crypto analyst Willy Woo has made a bold prediction. In a recent tweet, Woo highlighted the significant impact the halving could have on Bitcoin's price, suggesting that the leading coin could go "ballistic" once the event takes place. Bitcoin halving is a preprogrammed event that occurs approximately every four years, or after every 210,000 blocks are mined. During this event, the reward that miners receive for verifying transactions and adding them to the blockchain is halved. This reduction in mining rewards is designed to control inflation and…

BitcoinJun 4

BlackRock tokenizes Money Market Fund on Hedera, HBAR soars

Archax, Ownera and The HBAR Foundation have enabled the first tokenization of BlackRock’s money market fund (MMF) on Hedera. This is a major development in the real-world assets (RWAs) industry and comes after abrdn plc tokenized its MMFs on Hedera last year. The crypto world has witnessed a historic moment in the real-world assets (RWAs) industry after Archax, a London-based digital asset exchange, broker and custodian, tokenized the BlackRock ICS US Treasury money market fund (MMF) on the Hedera (HBAR) blockchain. Archax collaborated with the HBAR Foundation and the institutional-grade digital assets platform Ownera to bring the MMF to Hedera.…

AltcoinsJun 4