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.

Top Trader Reveals ‘Obvious’ Altcoin Play Amid Potential Spot Ethereum ETF Approval

A top crypto trader thinks one Ethereum (ETH)-based decentralized finance (DeFi) token is an “obvious play” amid recent ETH developments. The pseudonymous analyst known as the Flow Horse tells his 216,500 followers on the social media platform X that the governance token of Ethena (ENA) looks promising. “Looking to go for round 2 of a shift in the pace downward and possible turnaround.” The Ethena Labs project includes the yield-earning “synthetic dollar” token USDe. The project aims to create a stable and scalable form of money in the crypto space without relying on traditional banking systems. ENA is trading at…

EthereumMay 31

$10.6 Million in XRP Transferred From Major Exchange: Details

Whale Alert, a popular blockchain tracker, has reported a significant transfer of 20.28 million XRP tokens, valued at approximately $10.6 million at the time of transfer, from prominent exchange Binance to an unknown wallet. The transfer, while catching the attention of many in the crypto community, coincides with unfolding legal proceedings between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). 🚨 20,285,592 #XRP (10,654,792 USD) transferred from #Binance to unknown wallethttps://t.co/N0DE2iTK9b — Whale Alert (@whale_alert) April 26, 2024 Such large transfers often garner attention due to their potential implications for market dynamics and investor sentiment. While the precise…

AltcoinsMay 31

will votes decide crypto’s fate?

How do the election outcomes in India and the U.S. affect global crypto policies, with India’s crypto adoption growing and the U.S. maintaining its dominance? Table of Contents Changing stance of political leaders in the U.S. about crypto India’s influence on the crypto world How U.S. election results could influence crypto regulations The ongoing elections in India and upcoming elections in the U.S. could have profound implications for the crypto market, given the distinct roles both countries play in the world economy. India, with its massive population of over 1.4 billion people, has emerged as the largest crypto hub. As…

LegalMay 31

Robinhood Europe's PEPE Giveaway Goes Live

Robinhood Crypto Europe, a subsidiary of Robinhood in the EU, has announced an exciting giveaway campaign for its users, involving PEPE tokens. In December 2023, Robinhood launched its crypto service in the European Union, allowing users to buy and sell a range of digital currencies. In a tweet, Robinhood Crypto Europe stated that it was launching a PEPE airdrop. Users must sign up for an authorized application to qualify for an airdrop of 500,000 PEPE. The promotion begins today, May 29, and runs until June 2. You loved PEPE learn so we’re launching a $PEPE airdrop. Sign up for an…

ExchangesMay 31

Differences in token standards across top 10 blockchains and what they do

Token standards are rules and protocols that dictate how tokens function on a blockchain. Different blockchains have their own token standards to ensure interoperability, security, and efficiency. Here are some of the key token standards across the top 10 blockchains with Turing complete environments Ethereum, Solana, BNB, and XRP: Ethereum Token Standards Ethereum has developed many token standards to facilitate the creation and management of digital assets. These standards ensure that tokens are interoperable with various decentralized applications and services within the Ethereum ecosystem. ERC-20: The ERC-20 standard is the most widely used for creating fungible tokens on the Ethereum…

BlockchainMay 31

Bitcoin “Looks Healthy” After 2 Months, Backs BTC To Rally Above $74,000

Bitcoin, one analyst notes on X, is looking healthy for the first time since the coin soared to over $70,000, printing all-time highs back in March 2024. The assessment is due to funding rates dropping to within ordinary levels, an indicator that volatility is also falling and moments of fear of missing out (FOMO) are fading. Funding Rates At “Normal Levels” As FOMO Dissipates In crypto perpetual trading, the funding rate is the fee exchanged between market participants. These fees are market-determined and are adjusted every eight hours or so. Depending on market conditions, they can be positive or negative.…

BitcoinMay 31

Animoca Brands Japan launches its NFT launchpad ‘SORAH’

The NFT launchpad, called SORAH by Animoca Brands Japan, is slated to launch in the summer of 2024, according to Animoca Brands Japan, a strategic subsidiary of Animoca Brands. SORAH by Animoca Brands Japan will serve as an NFT launchpad platform that facilitates the sale of NFTs to support projects and creators. A selection of selected NFT projects will be included, which will receive full support for marketing initiatives and sales options. Animoca Brands Japan plans to implement loyalty programs, such as NFTs, that will allow users to take advantage of a variety of benefits associated with the use of…

NFTMay 31

BlackRock’s Ethereum spot ETF listed on DTCC under ticker $ETHA

BlackRock’s spot Ethereum ETF has been listed on the Depository Trust and Clearing Corporation (DTCC) with the ticker symbol $ETHA. The listing follows the US Securities and Exchange Commission’s (SEC) approval of eight spot Ethereum exchange-traded funds (ETFs). BlackRock’s spot Ethereum ETF on DTCC The SEC filings list eight Ethereum ETFs from VanEck, Fidelity, Franklin, Grayscale, Bitwise, ARK Invest & 21Shares, Invesco & Galaxy, and BlackRock’s iShares Ethereum Trust, proposed for listing on Nasdaq, NYSE Arca, and the Cboe BZX Exchange, as reported by Crypto Briefing. Although the SEC has approved the 19b-4 forms associated with these ETFs, trading will…

EthereumMay 31

Shiba Inu (SHIB) Whales Disappear

An alarming trend began to emerge behind the scenes of the Shiba Inu token (SHIB), with key metrics showing the activity of the big players, or whales as they are known in the crypto space, saw a dramatic drop in their values. As on-chain data from IntoTheBlock indicates, the volume of large transactions of the popular meme cryptocurrency fell 42.86% to 3.56 trillion SHIB over the past 24 hours. In monetary terms, this decline was reflected in a drop in transactions with a minimum size of $100,000 from $162.45 million to $91.87 million. In total, there were 201 such transactions…

AltcoinsMay 31

US Regulator Says Bank Will Pay $1,500,000 Settlement for Allegedly Overcharging and Deceiving Hundreds of Customers in Veterans’ Loan Scandal

A US regulator says it’s reached a $1.5 million settlement with a bank that caused “significant harm” to its customers. The Federal Deposit Insurance Corporation (FDIC) says Bank of England, based in England, Arkansas, deceived veterans into overpaying for services while not delivering the products they were entitled to. The regulator says one of the bank’s loan production offices (LPOs) falsely told veterans that they could skip multiple loan payments when refinancing a Department of Veterans Affairs (VA) mortgage loan, violating Section 5 of the Federal Trade Commission Act. The FDIC also says that the employees misrepresented the firm’s relationship…

LegalMay 31