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.

Garanti BBVA Expands Crypto Trading Capabilities with New Altcoin Support

Garanti BBVA’s subsidiary, Garanti BBVA Digital Assets, is preparing to improve the crypto wallet and trading experience by supporting the Avalanche c-chain and AVAX coin for investors in Turkey. Garanti BBVA Digital Assets offers its clients reliable crypto solutions through the Garanti BBVA mobile crypto platform. Initially providing services for Bitcoin (BTC), Ethereum (ETH) and USD Coin (USDC), the platform facilitated the transfer, storage, exchange and trading of these assets in a simple and secure manner. In response to the dynamic crypto environment and growing demand from Garanti users, BBVA is preparing to diversify its offerings. As part of its…

AltcoinsJun 1

Cryptocurrency Ownership Hits 562 Million, 34% Annual Growth

The global adoption of cryptocurrencies has reached a new milestone in 2024, with a report by Triple-A revealing a surge to 562 million owners — a 34% increase from 2023. This impressive growth signifies the expanding reach of digital currencies, now owned by approximately 6.8% of the global population. Global Trends in Cryptocurrency Adoption Asia leads the surge with a 21.8% increase in ownership, rising from 268.2 million to 326.8 million. North America follows with a 38.6% rise, from 52.1 million to 72.2 million. South America experienced the most dramatic growth, with ownership soaring by 116.5%, from 25.5 million to…

RegulationJun 1

Chainlink’s Cross-Chain Interoperability Protocol Now Supports 9 Blockchains

Chainlink marked a major milestone in blockchain interoperability with the release of the Cross-Chain Interoperability Protocol (CCIP), which now supports a wider range of blockchains. According to a press release, Chainlink has expanded the scope of CCIP to include nine prominent blockchains. These are Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Kroma, Optimism, Polygon and WEMIX. The general availability of the protocol allows developers to transfer tokens and send messages to smart contracts on different blockchains. It also allows developers to perform programmable token transfers. Consequently, these capabilities facilitate the seamless exchange of data and value. This enhancement significantly improves the…

AltcoinsJun 1

Bitcoin price surges amid declining whale activity

The Bitcoin (BTC) price gained bullish momentum again, surpassing the $70,000 mark, while whale activity around the asset declined. BTC is up by 2.2% and is trading at around $71,000 at the time of writing. The flagship asset’s market cap is getting close to the $1.4 trillion mark — currently sitting at $1.398 trillion. BTC price, whale activity, RSI and active addresses – April 11 | Source: Santiment Moreover, Bitcoin’s daily trading volume increased by 5% and is hovering around $37.5 billion at the reporting time. You might also like: US senators to unveil bipartisan stablecoin legislation The upward momentum…

BitcoinJun 1

Russian companies using USDT to evade UK and US sanctions, report

Two major Russian companies are using tether (USDT) and other cryptocurrencies to settle cross-border transactions in China as sanctions tighten, Bloomberg reports. Executives from two top commodities trading firms producing metal in Russia told Bloomberg, on the condition of anonymity, that USDT is used in some of these transactions when dealing with mostly Chinese clients and suppliers. Sanctions imposed on Russia following the Ukraine war have made it harder for commodities firms, such as those trading steel and timber, to receive payments. In April 2024 the London Metal Exchange and Chicago Mercantile Exchange were banned from accepting metal exports from…

RegulationJun 1

Avail Data Availability Integrated by Arbitrum, Optimism, Polygon, StarkWare, ZkSync

Avail, a blockchain project known for data availability (DA), shared Thursday that five major layer-2 networks in the Ethereum ecosystem will integrate with its Avail DA solution. Those chains include Arbitrum, Optimism, Polygon, StarkWare and zkSync. Users will be able to opt in or out to use Avail for data availability – a service needed by these "rollup networks" to stash the reams of data produced on all the transactions taking place. A key driver for DA solutions is that they can provide a cheaper and faster way of storing data than on the main Ethereum blockchain. Avail came into…

AltcoinsJun 1

Will Bitcoin (BTC) Price Increase After Halving? What Will Be the Impact of Halving? Analysis Company Commented

As the Bitcoin (BTC) halving event approaches, speculators are likely to position themselves in advance, anticipating potential changes in the market. However, K33 CEO Torbjørn Bull Jenssen tells long-term investors that they should focus on the demand side of the market rather than the halving itself. Jenssen said in his statement: “We expect speculators to act in advance in this event, as in all halving events in the past. “On average, Bitcoin gained 14% in the month leading up to the halving, and we wouldn't be surprised if 2024 follows suit.” According to analysts, Bitcoin's current inflation rate is around…

BitcoinJun 1

GameStop rallies again, this time without RoaringKitty

GameStop stock has jumped nearly 30% and is currently trading at just under $22 — and this time without any help from RoaringKitty. Its price has been on a rollercoaster in recent weeks, rising from $10 to nearly $65 and back down to $17 in a month. Its current price puts it almost 30% off its recent lows. So, what is the reason for the boost? On Friday the video game retailer announced that it had earned nearly $1 billion dollars from its at-the-market equity offering program, which should help the company pursue growth options, complete acquisitions, or even do…

RegulationJun 1

What Is DYDX? Everything You Have to Know About dYdX Chain Utility Token

The DYDX token is an integral part of the dYdX Chain, focusing on decentralized financial (DeFi) instruments and derivatives. It has undergone significant changes after transitioning from Ethereum to the dYdX Chain, bringing new functionalities and an expanded utility. Here’s what you need to know. From Ethereum to Cosmos On October 26, 2023, at 17:00 UTC, the dYdX Chain was born, launching its very first block. DYdX transitioned to operate its own chain within the Cosmos ecosystem, moving beyond its initial deployment on Ethereum. This evolution signified a major step in its development, aiming to leverage the interconnectivity and efficiency…

AltcoinsJun 1

BTC in stalemate as strong bearish signal looms

Bitcoin (BTC) has once again surpassed the $70,000 mark, rebounding from volatility triggered by higher-than-expected inflation data in the United States. Despite trading above this psychological threshold, the maiden cryptocurrency has predominantly consolidated below its previous all-time high, leaving the market on edge regarding its next direction. In examining the potential price movements, crypto trading expert Alan Santana pointed out that recent movements show that Bitcoin is in a stalemate as it struggles to break through resistance, with a strong bearish signal potentially on the horizon. In a TradingView post on April 11, the strategist’s analysis was based on Bitcoin’s…

BitcoinJun 1