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.

Bitcoin Spot Volume Rivaled 2021 Bull Market In March: Glassnode

This year’s massive crypto rally was driven by the Bitcoin spot market, with on-chain analysis offering a unique look into the current state of the market cycle, according to Glassnode. Bitcoin Spot Volume: Now Versus 2021 Examining Bitcoin trading activity, spot volumes peaked at $14.1 billion in March, similar to levels seen at “the height of the 2020-2021 bull market,” wrote the firm in a Tuesday report. Those volumes have since cooled to about $7 billion per day in April. Similarities to the 2021 bull run are also visible when applying a fast/slow momentum indicator to spot volume. As of…

BitcoinJun 2

Spain’s central bank launches third wholesale CBDC trial

The Spanish central bank has launched a third trial for its wholesale central bank digital currency (CBDC), focusing on a natively digital bond. Banco de España is partnering with Minsait, an IT and consulting firm owned by Indra Sistemas, one of Spain’s largest tech firms. The trial will explore how a wholesale CBDC can introduce efficiency and save costs in the bond market. The two will use a CBDC to settle the issuance of a natively digital bond and other secondary transactions. They will also explore the use of digital currency in other related events, such as bond redemption and…

RegulationJun 2

Baby DogeCoin Price Surges 15% With Zero-Fee Strategy

Baby DogeCoin (BABYDOGE), one of the top dog-themed meme coins that thrived from Elon Musk’s tweet, rallied over 15 percent in the past 24 hours despite the general crypto bearish sentiment. With a fully diluted valuation of about $882 million, the small-cap meme coin saw its daily average traded volume triple to around $17 million. What Influenced Baby Doge Coin Spike The sudden spike in Baby DogeCoin was largely influenced by the overwhelming support of the new DAO proposal for 0 percent fees to transfer, buy, and sell on the BNB Chain. Remarkably, the DAO proposal received over 98.89 percent…

AltcoinsJun 2

Coral Finance Announces Collaboration with UniPort Network

Coral Finance, a staking protocol dealing with Bitcoin L2, has commenced a unique collaboration. As per the platform, it has recently joined forces with UniPort Network, an interoperability protocol concerning the assets in the Bitcoin ecosystem. The company disclosed the respective partnership on its official account on the social media forum X. We are thrilled to partner with @Uniport_Network, an Omni-Chain Interoperability Protocol for #Bitcoin ecosystem assets.@Coral_Finance is a staking protocol that allows users to stake non-BTC assets and earn leveraged yield. Follow the updates on the partnership🤝.… pic.twitter.com/0MXr1kmHpO — Coral Finance | Coralantis🪸 (@Coral_Finance) June 1, 2024 Coral Finance…

BlockchainJun 2

Bitcoin’s Bullish Trend Persists as Halving Nears Despite Volatility

As the cryptocurrency industry anticipates the next halving, market analysts and investors keenly observe the potential impacts on Bitcoin’s price. The halving, a programmed reduction in the rewards miners receive, is expected to occur on April 20. It will cut the reward from 6.25 BTC to 3.125 BTC. Therefore, this event will effectively decrease Bitcoin’s inflation rate from 1.7% to 0.85% annually. Bitcoin Remains Bullish Before the Halving Historically, Bitcoin halvings have been associated with volatility in the short term but bullish trends in the long term. Vincent Maliepaard, Marketing Director at IntoTheBlock, told BeInCrypto that the 2016 and 2020…

BitcoinJun 2

FED Senior Member Makes Remarks Hinting at Interest Rate Cut

New York FED President John Williams expressed his views on the current economic situation in a recent statement. He acknowledged that inflation is still very high, but said he thinks it will start to slow down later this year. Williams noted that there is ample evidence that monetary policy is restrictive and there has been no recent progress in reducing inflation. However, he noted that the Fed will continue to monitor all data to make informed decisions regarding monetary policy. He noted that monetary policy remains restrictive on economic activity. Even so, he believes the risks to the Fed's ability…

RegulationJun 2

Top 5 Real World Crypto Assets Defining Market Cap Success

Ondo Finance integrates real assets and blockchain, offering inclusive financial solutions. MANTRA prioritizes security, compliance, and innovation, backed by significant funding. Pendle pioneers yield trading with impressive milestones, attracting DeFi enthusiasts. In the dynamic realm of digital finance, the landscape of crypto assets expands beyond the traditional giants like Bitcoin and Ethereum. Real world assets (RWA), tethered to tangible assets, emerge as a beacon of stability in the volatile crypto market. Here, we unveil the top 5 real world crypto assets based on their robust market capitalization. 1. Ondo (ONDO) – Market Cap: $1.2 Billion Ondo Finance pioneers the fusion…

AltcoinsJun 2

Bitcoin Price Gearing For Another Lift-Off to $72.5K: Dips Turn Attractive

Bitcoin price found support near $67,500. BTC started a fresh increase and might soon revisit the $72,500 resistance zone in the near term. Bitcoin retested the $67,500 support zone before it started a fresh increase. The price is trading above $70,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $69,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $71,400 resistance zone. Bitcoin Price Holds Support Bitcoin price saw another decline below the $70,000 zone.…

BitcoinJun 2

Franklin Templeton CEO warns US risks losing crypto leadership to other nations

Jenny Johnson, the President and CEO of Franklin Templeton, expressed concerns that the US risks losing its leadership position in the crypto space to other nations if it maintains a closed approach to regulation. “I do worry that if we’re too closed on this, we will cede leadership to other jurisdictions,” she said. In a conference presentation at Consensus on Thursday, Johnson praised the regulatory efforts of countries like Singapore, Hong Kong, and the United Arab Emirates, stating: “Singapore, Hong Kong, UAE, probably have been in even Europe to some extent, have led more in all taking different approaches in…

RegulationJun 1

Bitcoin Mining Gains Key Political Support From Oklahoma and Senator Ted Cruz

This week, the Bitcoin mining industry achieved significant milestones with critical political support. A prominent US senator joined the sector, and Oklahoma passed key legislation favoring its growth. The convergence of these events marks an important step for the industry, reflecting increasing mainstream acceptance. Bitcoin Mining Gains More Political Backing On May 31, Senator Ted Cruz announced the acquisition and operational start of three Bitcoin miners in Iraan, Texas. Marathon Digital CEO Fred Thiel praised Cruz’s initiative, welcoming him to the Bitcoin mining community and highlighting his role in securing the network. “Welcome to the ranks of Bitcoin miners! Thank…

MiningJun 1