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Author: 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.

What’s Ahead in Phase 2?

Bitcoin Runes token DOG•GO•TO•THE•MOON (DOG) ascends as the 9th largest memecoin by market cap. According to the latest data, 72.5K holders hold DOG tokens. Bitcoin Runes-based memecoin DOG•GO•TO•THE•MOON (DOG) hits $500 million market cap following announcements of its listings on four notable centralized exchanges (CEXs) within the last 24 hours. This surge has catalyzed DOG to join the top 10 memecoins by market cap. Notably, DOG stands on the ninth spot, with two hyped Solana-based memecoins — Book of Meme (BOME) and Cat in a dogs world (MEW) — ahead in the rankings. According to data on MagicEden, at press…

Altcoins

Paraguayan Authorities Shut Down 2,700 Miners in Largest Anti-Illegal Bitcoin Mining Intervention to Date

Paraguayan authorities detected and shut down an illegal bitcoin mining farm that had over 2,700 miners connected directly to the country’s power grid. The operation, carried out in the city of Saltos de Guaira and situated near a national power facility, was deemed by authorities as the largest operation of its kind. Paraguayan Authorities Bust Illegal Bitcoin Mining Farm, Pull the Plug on Over 2,700 Miners Paraguay continues to crack down on illegal mining activities that siphon power from the country’s electric grid. In an operation executed in Saltos de Guaira on May 28, the Paraguayan National Power Administration (ANDE)…

Mining

This Bullish BTC Indicator Suggests Upside Above $70K: Bitcoin Price Analysis

Bitcoin’s price is yet to break above its recent high and create a new ATH. However, looking at the technical and fundamental signs, it might only be a matter of time. Bitcoin Price Analysis: Technicals By TradingRage The Daily BTC Chart Over the last month, the Bitcoin price has been trapped inside a large symmetrical triangle pattern on the daily timeframe. Yet, it is currently testing the higher boundary of the pattern, trying to push above the $70K level. If a bullish breakout from the triangle occurs, a positive continuation and, subsequently, a new all-time high would be highly probable.…

Bitcoin

Ripple (XRP) Whales move 180M tokens amid new updates in the SEC lawsuit

Ripple’s (XRP) latest whale actions have attracted the attention of crypto players. The entities have shifted more than 180 million coins in various transactions. The massive token transfers triggered speculations as they corresponded with crucial developments in the legal fight between the Securities & Exchange Commission and Ripple Labs. Judge Netburn issued a new order on the crypto firm’s bid to drop the regulator’s latest expert submissions. Ripple Whales on the move While XRP sees a momentum resurgence, dip-pocketed players have executed four transfers involving more than 180 million assets. The transactions included an accumulation of 26.67 million tokens from…

Altcoins

Tether Buys $100M Worth of Bitdeer Shares With Option to Purchase $50M More

Bitdeer generated $100 million in proceeds from the private placement, which could grow to $150 million if fully exercised. Tether now has a unit specifically focused on investments in bitcoin mining. Stablecoin company Tether has agreed to purchase up to $150 million worth of shares in bitcoin (BTC) miner Bitdeer (BTDR). Bitdeer entered into a subscription agreement for the private placement of 18,587,360 Class A ordinary shares, generating $100 million in proceeds, according to an announcement on Friday. The agreement also includes a warrant to purchase an additional 5 million shares at $10 apiece, which will provide an additional $50…

Mining

Bitcoin (BTC) Becomes Even More Secure Just Days Ahead of 2024 Halving

Bitcoin is all set to undergo halving later this month. With less than 10 days away, the network has reached yet another crucial milestone. The latest stats compiled by CoinWarz revealed a record-breaking mining difficulty for Bitcoin, peaking at 86.39 trillion. Over the last week, it climbed by 3.92%, and within the last month, it surged by 8.87%. This indicates a 3.4% upswing from the prior high of 83 trillion, established on March 28. Bitcoin network hash rate, on the other hand, was found to be 626.56 EH/s, hovering relatively close to its all-time high of 762 EH/s. CoinWarz data…

Bitcoin

What is Renzo Protocol? The Liquid Restaking Primitive Explained

Ethereum’s network has been the home of many narratives throughout the years, and liquid restaking is undoubtedly one to look into. You might be confused by the term liquid restaking, and that’s completely understandable. After all, another popular narrative is centered around liquid staking. Before we dive into the intricacies of the Renzo Protocol, which is the ultimate purpose of this guide, it’s essential to understand a few fundamental principles first. Quick Navigation What’s the difference between Liquid Staking and Liquid Restaking? Liquid Staking Tokens (LST) Liquid Restaking Tokens (LRT) What is EigenLayer? Understanding Actively Validated Services (AVS) What is…

Altcoins

‘Bitcoin Game Boy’ Gets a Runes Makeover—Here’s How to Win One

The BitBoy One, an upcoming handheld console built around a Bitcoin gaming ecosystem, looks like an old-school Nintendo Game Boy—albeit in neon orange. But a new version themed around Bitcoin’s Runes token protocol will arrive with a new black sheen, and it’s being given away for free, too. The BitBoy One x Buoyant Capital Runes Black Limited Edition console casts the portable device in a new color scheme, complete with the Runes protocol logo on the front. Aside from the shift in color scheme and the added branding, it's otherwise identical. The limited edition console is limited to 69 units,…

GameFi

Russia’s Tatarstan eyes building $100m Bitcoin mining center

Fintech company Innopolis Tech controlled by a former minister of communications of Russia is set to build the largest Bitcoin mining center in Russia worth around $100 million. The Republic of Tatarstan is gearing up to build Russia‘s largest Bitcoin mining infrastructure valued at around $100 million investments, according to local news reports, citing Roman Shaykhutdinov, a deputy prime minister of Tatarstan. Speaking at a crypto forum in Kazan, Shaykhutdinov said the project will be undertaken by Innopolis Tech, a fintech company controlled by Nikolai Nikiforov, Russia’s ex-communications and press minister. Although specific details about the construction timeline and the…

Mining

Binance Makes Bold Move into Mexican Crypto Market

Binance, the world’s leading cryptocurrency exchange, is significantly expanding its trading services. Binance Spot, the platform’s core trading hub, will introduce new trading pairs for major cryptocurrencies, including Bitcoin (BTC), XRP, Ethereum Name Service (ENS), and Lido DAO (LDO). In an official announcement on May 28, 2024, Binance detailed that trading for the BTC/MXN, XRP/MXN, ENS/USDC, and LDO/USDC pairs will begin on May 29. This expansion also includes the availability of trading bots services for these tokens, effective May 29, 15:00 (UTC). Binance’s strategic decision aims to “expand the list of trading choices offered on Binance Spot and improve users’…

Exchanges