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.

What’s Causing The Current Sudden Drop In Bitcoin Price? Here’s The Biggest Suspect

The price of Bitcoin, the world's largest cryptocurrency, experienced a sudden decline today and the price fell below $ 68,000. The BTC price, which was above $ 71,000 during the day, lost more than 5% of its value at its bottom with this decrease and is trading at $ 68,044 at the time of writing this article. The main reason for the decline in Bitcoin price is the tension between Israel and Iran. It is known that Iran wants to retaliate against some groups affiliated with Iran that were killed by Israel weeks ago. Recently, it has been rumored that…

BitcoinMay 29

Lido Finance Collaborates with SSV Network to Showcase DVT Power

SSV Network, a business that specializes in distributed validator technology (DVT), recently achieved a significant milestone for blockchain security with the successful completion of its Simple DVT Holesky Testnet. The project was carried out together with Lido Finance (a DeFi protocol) and its staking community to demonstrate how powerful DVTs can be for securing the blockchain. Lido Finance Sees Promise in SSV Network’s DVT Technology DVT technology is a new way of securing validators by distributing key management and signing duties among many different parties. This creative model guarantees resilience in the network by dividing the private keys of a…

DeFiMay 29

Meme Coins Prices Dropdown Continues, Data Says

It looks like the euphoria around meme coins might be finally gone. Out of the 10 worst performing categories on CoinGecko, five are associated with meme cryptocurrencies. At the same time, the most painful losses are associated with small-caps. Base, Solana meme coin ecosystems bleeding: Double-digit losses registered in 24 hours In the last 24 hours, amid the general crypto market apathy, meme-associated coins are yet again suffering the most. Two ecosystems demonstrated the worst performance metrics. Meme coins on Base, a Coinbase L2 for Ethereum (ETH), lost over 18% of value overnight. The aggregated capitalization of 38 largest Base…

AltcoinsMay 29

Russian Traffic to Global Crypto Exchanges Surges; Central Bank Warns of Western Sanctions Risk

The surge in Russian traffic to global cryptocurrency exchange platforms in the last two quarters has prompted officials to issue a warning about the risk of Western sanctions. According to a central bank study, Russian traffic to some of the largest crypto exchanges increased by 16.4%, reaching 104.6 million visits. Russian Share of Global Traffic Still Below 2023 Peak According to a recent study conducted by the Russian Central Bank, crypto trades by Russians on global exchange platforms surged during the last two quarters, prompting officials to issue warnings about increased risks for users. As detailed in a local report,…

ExchangesMay 29

Analysts say Bitcoin’s hashrate surge will ‘smack miners’

Crypto mining analytics firm Hashrate Index says public Bitcoin miners are energizing their ASIC orders on schedule. Bitcoin miners are about to face a “hefty upward difficulty adjustment” in eight days as public mining giants accelerate their operations. According to analysts at Hashrate Index, top public miners have 76.6 EH/s of equipment on order for 2024, with 12.9 EH/s scheduled for delivery in Q1 and nearly 36 EH/s expected in Q2. “[…] the current surge in hashrate is going to smack miners with a hefty upward difficulty adjustment in about 8 days. It’s too early to say how large the…

MiningMay 29

This Is How Bitcoin (BTC) Could Reach $80,000 Before May

Bitcoin’s (BTC) price is likely in the middle of a bull run, and it could continue the rally following the halving event. This is further substantiated by the investors holding on to their BTC, which is a testament to their conviction, stronger than in 2021. Bitcoin Investors Show Confidence After posting a new all-time high this month, Bitcoin’s price halted the rally as the market cooled down. While many considered this to indicate a market top, this may be its mid-point. The reason behind this is the conviction shown by investors. This is evident from the Relative Realized Profits. Comparing…

BitcoinMay 29

One Reason Making It Magnet for Retail Revealed by Investor

Besides the obvious paramount importance for institutions, the approval of spot ETFs on major cryptocurrencies might bring a new cohort of retail investors to Web3, the top investor says. He draws parallels to the 2017 crypto run that introduced blockchain assets to the majority of modern cryptocurrency enthusiasts. Crypto retail holders will be excited by Ether spot ETF, veteran investor Arthur Cheong says Arthur Cheong, the CIO and co-founder of Asian VC firm DeFiance Capital, cannot imagine a situation when the retail community will not be excited by the approval of exchange-traded products on spot Ethereum (ETH). He shared the…

EthereumMay 29

74 Million XRP Mysteriously Shifted to Wallets as Whales Make Insane Moves

XRP, the seventh largest cryptocurrency by market capitalization, saw a flurry of activity as a staggering 74 million tokens were mysteriously transferred to various wallets in a series of transactions. The significant transfers of XRP tokens, which might suggest whale buying, have sparked speculation and intrigue within the XRP community and the broader cryptocurrency market. XRP has seen volatility in the last 24 hours, with its price falling amid a broader market downturn. At the time of writing, XRP was down 1.14% in the last 24 hours to $0.516, after dipping to intraday lows of $0.5077. In what might coincide…

AltcoinsMay 29

Binance Sees Enormous Volume Drop: What's Happening?

According to a CoinGlass report, Binance sees a substantial drop in trading volume, which is currently tied to trading bots that are used for stabilizing the market and liquidity. As for now, major assets are losing from 70% up to 95% of their volume, but it is not yet clear what the reason is behind the drop. The report goes further to indicate that Binance currently experiences huge declines in trading volumes related to inter-trading bots that are used for market stabilization and providing the necessary liquidity. At the moment, the main assets are losing from 70% up to 95%…

ExchangesMay 29

Riot Platforms Is Best Suited to Consolidate Bitcoin Mining Sector: Bernstein

Riot has the financial capacity to consolidate the bitcoin mining space, the report said. The broker said it expects the U.S. bitcoin mining space to consolidate to around five large players. Bernstein said the larger miners should ramp up their M&A game to maintain strategic relevance. Riot Platforms (RIOT) is the most ambitious bitcoin (BTC) miner to attempt to consolidate the sector, and the company has a desire to build the world’s largest publicly listed mining company, broker Bernstein said in a research report on Tuesday. The Colorado-based company has the financial capacity to consolidate the mining space as it…

MiningMay 29