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.

OKX Announces New Jumpstart Event for Ultiverse (ULTI)!

Cryptocurrency exchange OKX has announced a new Jumpstart event for the Ultiverse (ULTI) project. Here are the details! OKX has shared the details of the new Jumpstart event for Ultiverse (ULTI). The event will begin on June 3, 2024, at 06:00 UTC. Investors holding BTC/ETH will need to stake their assets to earn ULTI tokens. To participate in the OKX Jumpstart event, you must first have an account on the OKX exchange. If you don’t have an OKX account yet, you can click here to register with a discounted commission link. To earn ULTI tokens, you need to stake BTC/ETH.…

ExchangesMay 31

Buterin Deconstructs Crypto’s Evolving Lexicon

Ethereum co-founder Vitalik Buterin has taken to the social media platform Warpcast to highlight how the crypto community is reshaping the use of certain English words and acronyms. In a recent post, Buterin noted that in the crypto space, “DAO” often means “project,” and “official” can sometimes mean “scam.” Buterin framed changing the meaning of these words as part of a broader cultural phenomenon. According to him, it is a key part of the process where different cultural spheres can use the same word in unrelated ways, citing examples from most European languages where “actual” means “current,” and “concurrency” means…

BlockchainMay 31

SpotOnChain Unveils Impact of Bitcoin Halving on Price and Sentiment

The Bitcoin halving is a critical event in the cryptocurrency market, where the rate of new BTC supply issuance is halved. This reduction is expected to increase scarcity and potentially drive up the price, particularly if demand remains constant or increases. The upcoming Bitcoin halving has sparked significant interest and speculation, with many experts predicting substantial price increases. How the Next Bitcoin Halving Will Impact Prices Historically, Bitcoin has experienced significant price hikes following halving events, though not immediately. Hannah Phung, Lead Data Analyst at SpotOnChain, told BeInCrypto that price increases tend to occur around 6 to 12 months post-halving.…

BitcoinMay 31

Top Analyst Predicts Ethereum (ETH) Price to Skyrocket 92% in 16 Days, Here’s Why

Top Analyst predicts Ethereum price to surge 92% in the next 16 days. Ethereum drops 4.45% to $3,632 post-ETF approval, similar to Bitcoin's past pattern. If $3,700 support fails, next key zone: $3,580 to $3,462, with 3.13 million addresses. The U.S. Securities and Exchange Commission (SEC) has approved eight spot Ethereum ETFs, sparking speculation and excitement within the crypto community. Drawing parallels to Bitcoin’s past performance, a prominent crypto analyst predicts a 92% surge in Ethereum’s price over the next 16 days from its current level of $3,632. ETH Price To Surge By 92% Following the approval, Ethereum’s price has…

EthereumMay 31

Russia’s top metal producers reportedly turn to Tether for trades with China

Russia’s two largest unsanctioned metal producers have reportedly begun using Tether’s USDT stablecoin for cross-border transactions with Chinese clients and suppliers. Russian commodities giants have reportedly started using stablecoins to settle cross-border transactions with China as the U.S. Treasury Department previously made it clear it would impose secondary sanctions on lenders facilitating sanctions evasion. As Bloomberg reports, citing top executives at two Russian metal companies, the metal producers have turned to the USDT stablecoin and in some cases settle their trades through Hong Kong. While the volume of these trades remains unclear, the sources close to the companies claim the…

RegulationMay 31

Cardano Nearing Critical Milestone of P2P Evolution, Here's How

Cardano stands at the precipice of a significant breakthrough with the impending Ouroboros Genesis upgrade. This marks a pivotal moment in Cardano's journey toward achieving full peer-to-peer (P2P) node operations, a goal that has been meticulously pursued by its dedicated community and developers. Peer-to-peer (P2P) networking is critical to blockchain's long-term decentralization, security and resilience, allowing participants to communicate, synchronize data and reach consensus. The move from the existing hybrid model to full P2P networking for Cardano has been gradual; however, the transition is already underway. In March 2023, Dynamic P2P automated the peer selection procedure. The node v.1.35.6 update…

AltcoinsMay 31

Ramp Network Introduces SEPA Instant Transfers in Europe and Adds 35 New Local Currencies

Ramp Network, a financial technology firm that is developing payment rails to link cryptocurrency to the global financial system, has announced that it is adding support for SEPA Instant bank transfers in Europe to its crypto-to-fiat off-ramp. Ramp is also expanding the number of local currencies it accepts for Visa and Mastercard payouts, to over 35 currencies. This will let users to sell cryptocurrency and have the proceeds deposited straight to their credit and debit cards in countries that accept it. In the realm of cryptocurrency-to-fiat off-ramps, Ramp Network has been a pioneer, offering over 40 tokens and a wide…

ExchangesMay 31

Orbs unveils Perpetual Hub, a new solution for onchain futures trading

Orbs, a pioneer in Layer-3 liquidity protocols, has introduced Perpetual Hub, a new solution for on-chain perpetual futures trading, as per the latest info shared with Finbold on May 30. Unlike previous solutions that relied on order books and virtual liquidity mechanisms, Perpetual Hub aims to maximize capital efficiency and trading value through an intent-based model. Centralized finance execution in DeFi Developed in collaboration with SYMMIO and IntentX, Perpetual Hub leverages Orbs’ advanced L3 technology to bring centralized finance-level (CeFi) execution to the decentralized finance (DeFi) space, providing a comprehensive suite of tools to help traders optimize their on-chain perpetual…

BlockchainMay 31

Bitcoin Price Eyes Upside Break, Can Bulls Send BTC To $75K?

Bitcoin price is holding gains above the $69,200 zone. BTC could gain bullish momentum if it clears the $70,800 and $71,250 resistance levels. Bitcoin is attempting another increase above the $70,000 zone. The price is trading above $70,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $70,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $71,250 resistance zone. Bitcoin Price Eyes Another Increase Bitcoin price attempted more gains above the $70,500 level. However, BTC struggled to…

BitcoinMay 31

Ethereum Classic (ETC) Rallies Against Market After Launching Native Stablecoin

Ethereum Classic (ETC) expanded to $33.13, growing by nearly 22% in a week. Since it is considered undervalued, ETC has a pattern of following Ethereum (ETH) rallies. The ETC price hike also arrived after the network launched a new native stablecoin. ETC accelerated its gains in the past few days, gaining momentum after months of limited price hikes. The coming days may bring additional attention to this token as its network prepares to halve its block reward. Ethereum Classic halving countdown. pic.twitter.com/iVL0paew45 — Ahmet Alırsatar | JW3 (@AhmetAlirsatar) May 23, 2024 The current block reward for ETC is 2.65 coins,…

EthereumMay 31