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.

Shiba Inu Partner Shares New Update Regarding Its Liquid Staking dApp

Shiba Inu partner K9 Finance has shared the first sneak peek into the mobile version of its liquid staking app, dubbed Bone Crusher. K9 made the move via an X post yesterday, emphasizing that Bone Crusher will allow mobile users to access its staking platform on the go. In the tweet, K9 attached a video illustration showing potential users how to stake Bone ShibaSwap (BONE) and earn passive validator rewards, as well as its liquidity tokens, knBONE. ⚙️Development Update ⚙️ The mobile interface for our revolutionary product, BONE CRUSHER, is looking 🔥 The majority of internet usage is on mobile…

AltcoinsMay 27

Short-term holder realized price holds steady despite weekend Bitcoin drop, uptrend persists

Quick Take The short-term holder realized price (STH RP) is a crucial metric for short-term Bitcoin investors, reflecting the average price at which each coin last transacted on-chain within the past 155 days. This metric acts as the ‘on-chain cost basis’ for recent investors. In tandem, the short-term holder MVRV ratio (STH MVRV Ratio) compares the market value to the realized value, clearly visualizing this cohort’s unrealized profitability. A value of 2.0 indicates substantial profits, while 1.0 represents a break-even point, and 0.85 indicates a 15% loss. CryptoSlate’s analysis highlights the critical role of the STH RP metric as a…

BitcoinMay 27

Ethereum Founder Vitalik Buterin Received a Proposal for Layer 2 Transfers! Here are the Details

Ethereum co-founder Vitalik Buterin has called for the development of an open, decentralized protocol that will facilitate the rapid transfer of assets between Layer 2 (L2) solutions. Vitalik Buterin Advocates Decentralized Protocol to Improve Layer 2 Asset Transfers In a statement, Buterin emphasized the need for a protocol that works without operators or management, providing a seamless and efficient user experience. Buterin proposed that such a protocol be integrated into wallets' default sending interfaces and enable a variety of transactions, including token transfers, Ethereum Name Service (ENS) transactions, and key changes for both personal and enterprise smart contract wallets. This…

EthereumMay 27

Expert Says Peer-to-Peer Nature of Crypto Activity Renders China’s Ban Ineffective

Continuing raids in China on alleged underground gangs using cryptocurrency to facilitate foreign exchange transactions underscore the ineffectiveness of the Asian nation’s 2021 ban on crypto trading. Chengyi Ong, head of policy for the Asia-Pacific region at Chainalysis Inc., said the peer-to-peer nature of cryptocurrency activity renders the ban ineffective. China Remains a Significant Cryptocurrency Market Rising instances of Chinese raids on underground gangs and companies using digital assets to facilitate illegal foreign exchange transactions are exposing China’s seemingly faltering crypto prohibition, a Bloomberg report has said. It suggests that the alleged busts of gangs moving more than $140 million…

RegulationMay 27

Here’s When Altcoins Will Bottom Out and Enter Next ‘Hype Cycle,’ According to Crypto Analyst

A closely followed analyst is forecasting when altcoins can recover from their current downturn and enter into another “hype cycle.” The pseudonymous analyst known as Rekt Capital tells his 450,400 followers on the social media platform X that altcoin market cycles tend to happen in quarterly waves, with the last cycle recently peaking this month. According to Rekt, altcoins may bottom out in late May or early June before entering a new “hype cycle” in July. “Altcoins are following the plan… Altcoins bottomed in early February. Altcoins sold off around the BTC Halving. Altcoin to bottom early summer.” Looking at…

BitcoinMay 27

Dogecoin Creator Issues Epic Price Call

In an extraordinary surge driven by speculation over potential spot Ethereum ETF approval, the value of the main altcoin skyrocketed on May 20, marking its largest single-day increase in market value to date. The cryptocurrency's price surged by over $590 in just 24 hours, pushing its market cap up by more than $70 billion and elevating its price to $3,660, a peak not seen since early April. This meteoric rise has sent ripples through the crypto community. Notably, Billy Markus, co-creator of Dogecoin and known under the pseudonym Shibetoshi Nakamoto, remarked on the price surge, hinting at a long-term bullish…

EthereumMay 27

Brazilian CBDC Pilot Postponed to 2025 Due to Inefficiency of Privacy Solutions

The Central Bank of Brazil announced the postponement of the completion of the drex pilot, the Brazilian CBDC, due to the inefficiency of the privacy solutions presented for the project so far. The pilot will have a new phase, finalized in 2025, and will also feature the implementation of smart contracts to nurture use cases proposed by private parties. Brazilian CBDC Pilot Delayed to 2025; Privacy Implementations Insufficient for Tests Involving General Population The central bank recently reported about the postponement of the pilot of drex, the Brazilian central bank digital currency (CBDC), to 2025 due to the inefficiency of…

RegulationMay 27

Top 10 cryptocurrencies by development activity heading into May

Over the past 30 days in the cryptocurrency space three prominent contenders emerged as frontrunners on the blockchain technology development activity leaderboard. According to the behavior analysis platform, Santiment on April 29, Optimism (OP), Cardano (ADA), and Hedera (HBAR) have taken center stage, showcasing significant strides in advancement and community engagement. Optimism at the helm, boasts a Development Activity score of 467.07, with its focus on scaling Ethereum (ETH) through optimistic rollups, alleviating the network’s congestion issues and enhancing user experience as well as seamless low-cost transactions. Cardano, with its visionary approach to decentralized finance and smart contracts, stands tall…

AltcoinsMay 27

Analyst predicts imminent surge to $80,000

With less than five days left until the monumental fourth Bitcoin (BTC) halving event, during which the reward for mining the original cryptocurrency will reduce in half, many crypto analysts are optimistic that a price rally will follow, including one that sees Bitcoin soaring to $80,000 shortly afterward. Specifically, Bitcoin’s 3-day chart remains bullish despite this weekend’s consolidation below the critical psychological level at $70,000, and $80,000 could be in store soon, according to the observations shared by pseudonymous crypto industry expert CryptoJelleNL in an X post on April 15. Indeed, the estimated Bitcoin halving date currently stands at April…

BitcoinMay 27

How Ethereum Danksharding Will Impact Decentralized Finance

The Ethereum network has encountered significant challenges regarding scalability. The current mainnet can only handle 20 to 30 transactions per second (TPS), significantly lower than traditional payment systems. The high transaction fees on Ethereum have deterred users and restricted network accessibility. Initially, during the early stages of Ethereum 2.0, the leading scaling solution proposed was sharding, splitting the Ethereum network into “shards" for parallel transaction processing. However, due to concerns about complexity and security risks related to cross-shard communication, sharding became less favored over time. Before danksharding, other solutions, such as sharding and layer-2 scaling methods, such as rollups, were…

EthereumMay 27