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.

BTC, ETH Rise as Hong Kong Bitcoin ETF Applicants Say They've Been Approved

Bitcoin (BTC) has risen 2.8% over 24 hours, trading above $66,500, and ether (ETH) has advanced to $3,240, according to CoinDesk Indices data, as multiple issuers in Hong Kong said they'd been approved for spot crypto exchange-traded funds (ETFs). China Asset Management, Bosera Capital and other applicants posted to social-media platform WeChat (Weixin) that they had been approved to list spot bitcoin and ether ETFs in Hong Kong. However, these announcements seem to have front-run an official statement from the Securities and Futures Commission (SFC), which has not posted a list of approved issuers. Some of the posts have since…

BitcoinMay 27

Transforming DeFi with Reliable On-Chain Data Feeds

The ability of decentralized finance (DeFi) to provide financial services directly to customers has revolutionary potential. The success of DeFi in the meantime relies on accurate and consistent data transfers. By providing dependable, low-latency pricing feeds on-chain, a protocol known as Pyth Network aims to become a key platform for DeFi, hence enhancing the functionality and reliability of DeFi applications. Understanding the Role of Oracles in DeFi Oracles are necessary for DeFi (Decentralized Finance) as trustworthy data sources as they allow blockchain smart contracts to operate with up-to-date market data. In the lack of oracles, DeFi apps would be limited…

DeFiMay 27

Satoshi-Era Whale Awakens with Millions in Bitcoin After 14 Years of Anabiosis

Popular cryptocurrency tracker Whale Alert spreads the word about yet another whale, which stayed dormant since the times of Satoshi Nakamoto, awakening containing Bitcoin worth millions of US dollars. This dormant wallet was reactivated after Bitcoin’s massive plunge on Saturday and its partial recovery since then. Satoshi-time wallet awakens The above-mentioned source revealed that a blockchain address that contains 50 BTC worth $3,314,211 at the time of the tweet publication has been awakened after staying untouched for 14 years. Last time it saw any Bitcoin movements on it was 2010 – the year when the mysterious BTC creator Satoshi Nakamoto…

BitcoinMay 27

Ripple Expands Its Presence in Japan with Latest Partnership

San Francisco-based company Ripple has announced a tie-up with HashKey DX, a Tokyo-based specialized consulting company in blockchain technology. HashKey DX, which is part of the HashKey Group, provides support for foreign companies that aim to speed up their growth in the Japanese market. The main purpose of the partnership is to roll out enterprise solutions for Japanese customers with the help of the XRP Ledger. They will be launched in collaboration with SBI Ripple Asia, a joint venture between Japanese financial giant SBI and Ripple that went live back in 2018. Notably, SBI Group is going to pioneer this…

AltcoinsMay 27

Bitcoin’s Market Tenacity: Outperforming Short-Term Holder Expectations

In the digital currency realm,pricing trends are often a bellwether for market sentiment, and recent analyses show an intriguing pattern. Despite a shake-up from various market news, Bitcoin’s trading price resiliently remains above the key threshold set by short-term holder (STH) whales. Bitcoin Stays Bullish Above STH Whale Benchmarks As we navigate through the intricate world of cryptocurrency investments, it’s notable that Bitcoin is maintaining a price point well above the Realized Price of whales holding sizeable amounts—over 1,000 bitcoins. The data shows that STH whales have a Realized Price of $60.7K, and yet, Bitcoin steadfastly hovers above this level,…

BitcoinMay 27

TON takes off on Telegram tie-up

April 30 (Reuters) - A coin called TON has leapt in value in recent months, with investors betting its integration with messenger service Telegram could bring the cryptocurrency to the app's estimated 900 million users. Telegram endorsed TON in September last year, saying the blockchain and associated token would be its "official Web3 infrastructure". Earlier this month, TON said that Tether tokens could also be issued on its blockchain, allowing Telegram users to send the stablecoin to each other within the app. The TON token has surged, reaching as high as $7.63 on April 11, compared with around $2.21 a…

AltcoinsMay 27

Peter Schiff Reveals Key Support Level for Bitcoin (BTC)

Outspoken gold supporter and Bitcoin skeptic Peter Schiff has made yet another bold prediction regarding Bitcoin's future price trajectory, highlighting $60,000 as a crucial support level. He asserts that a decisive break below this threshold could establish a 'triple top' pattern, paving the way for a decline to $20,000. This figure would signify significant losses for companies like MicroStrategy, which holds substantial Bitcoin investments. However, Schiff's dire prognosis of a plummet to $20,000 is not only strange but somewhat disconnected from current market trends and the institutional support Bitcoin has gained after the approval of the first Bitcoin ETF. Since…

BitcoinMay 27

ShibaSwap as a Center for Innovation

Shytoshi Kusama, the Shiba Inu lead developer, sees the recently transitioned ShibaSwap DEX as a central hub for “innovators and Shibizens.” In a recent post on X, Lucie, Shiba Inu’s content marketer, raised awareness of Kusama’s reaction to the migration of the ShibaSwap DEX platform to Shibarium. Lead Developer @ShytoshiKusama – “The new #ShibaSwap is a hub for innovators and Shibizens alike. It’s where community tokens thrive, creating a dynamic marketplace filled with unique projects, causes, and #SHIBARMY members.” Are you ready to #BridgeToShibarium? Soon? Post a… pic.twitter.com/Zswg3hZaqq — 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) April 29, 2024 As reported by The…

AltcoinsMay 27

Bitcoin Price Recovery Lacks Whale Participation, Onchain Data Show

Large holders or wallets owning at least 0.1% of bitcoin's circulating supply are yet to resume accumulation, according to IntoTheBlock. Traders should closely watch the ETF flows on Monday. Bitcoin (BTC) has recovered 3% since hitting lows near $61,000 over the weekend. Whales, however, are yet to buy the positive turnaround aggressively. Blockchain analytics firm IntoTheBlock's "large holder netflow" indicator shows that addresses owning at least 0.1% of BTC's circulating supply have added just over 3,000 BTC ($198 million) today. That's significantly less than the net inflow of nearly 80,000 BTC ($5.3 billion) seen a day after March 20's dip…

BitcoinMay 27

What Crypto Whales Are Buying for Profits in May 2024

Bitcoin’s (BTC) price has been making mild moves despite the halving that occurred towards the end of April. Thus, institutional investors have moved to accumulate altcoins in the meanwhile to capitalize on the potential bull run that the crypto market could witness once BTC rises. BeInCrypto has analyzed three tokens that have been noted to be of the most interest to these large wallet holders. Cardano (ADA) Whales Add More ADA to Their Holdings Cardano has been noting increasing accumulation at the hands of the whales since November 2023. This buying streak noted a sudden uptick in the last few…

AltcoinsMay 27