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.

Sell-off incoming? Ripple to unlock 1 billion XRP on May 1

Ripple, the company behind the XRP Ledger (XRP) development, will unlock 1 billion tokens on May 1, worth $503.6 million. This is part of Ripple’s monthly sell-offs, which could negatively impact the XRP price in the following weeks. Historically, Ripple has been unlocking 1 billion tokens through escrows, finalized on the first day of every month since 2017. So far, the company has been using ‘Ripple (22)’ and ‘Ripple (23),’ according to XRPScan, as reported in April’s unlock. However, these accounts show empty escrows on April 30, similar to what happened in March, a few days before April’s unlock. Finbold…

AltcoinsMay 27

Could Bitcoin Ordinals give rise to rare sats futures market?

A senior employee at one of the world’s biggest bitcoin mining firms says he’s “fascinated” that there’s no futures market based around rare and incredibly valuable satoshis, and has speculated that ultra-rare sats could be worth “millions” to collectors. Adam Swick, chief growth officer at Marathon Digital Holdings was speaking to CoinDesk about the race to mine the first satoshi after bitcoin’s next halving, due to happen later this month. Following the launch of Bitcoin Ordinals early last year, individual satoshis, far from being unremarkable and largely anonymous slivers of bitcoin, can now be numbered and traded as if they…

BitcoinMay 27

ETHBTC Ratio Skyrockets From Three-Year Low As Open Interest Records $14.68 Billion! What’s Next For ETH Price?

Yesterday, Ether’s price soared by over 20% following comments from Eric Balchunas, a senior analyst at Bloomberg, who significantly raised the likelihood of an Ethereum exchange-traded fund (ETF) approval from 25% to 75%. Consequently, the ETHBTC ratio, which gauges Ethereum’s value relative to Bitcoin, rebounded from a three-year low. Simultaneously, open interest in Ethereum futures climbed to an impressive $14.68 billion, hinting at potential further increases shortly. Ethereum’s Open Interest Touches New High Ether (ETH) futures have hit new levels of popularity, driven by a renewed hope regarding the possible approval of spot ETH exchange-traded funds (ETFs) in the U.S.…

EthereumMay 27

The Project Operating in the Celestia Ecosystem Raised $5 Million in Funding Round Supported by Binance Labs!

MilkyWay, a liquid staking protocol operating in the Celestia ecosystem, has raised $5 million in a seed funding round led by Binance Labs and Polychain Capital, according to a statement made by MilkyWay co-founder and CEO JayB Kim. Celestia's MilkyWay Raises $5 Million Ahead of Token Launch and Airdrop Important investors such as Hack VC, Crypto.com Capital and LongHash Ventures participated in the financing round, which was completed about a month ago. Binance Labs expressed its commitment to support MilkyWay as it becomes the leading liquid staking protocol in Celestia's modular blockchain ecosystem. Launched last December, MilkyWay stands as the…

AltcoinsMay 27

Bitcoin Price Correction of 15-25% Post-Halving Predicted by Delta Blockchain Founder

Kavita Gupta is the Founder and General Partner at Delta Blockchain Fund, boasting over 18 years of investment experience garnered through positions at The World Bank, IFC, and the Eric Schmidt Family office. She pioneered one of the first blockchain early-stage funds, ConsenSys Ventures, and an accelerator named Tachyon. Kavita has made initial investments in influential companies such as Polygon, Starkware, Quantstamp, and Sorare, contributing to a portfolio of over 100 companies. Additionally, she is a visiting scholar at Stanford University, where she teaches the “Beyond Bitcoin” class. Kavita also serves as an advisor to several organizations, including the Hus…

BitcoinMay 27

Web3 Watch: CryptoPunked

A CryptoPunks-inspired digital avatar collection created by New York-based painter Nina Chanel Abney went on display in recent days. The blue chip NFT collection touted its use of 3D to “reimagine the viewing experience for Abney’s art through the Punk lens.” When videos of the collection caused a stir online, Greg Solano, CEO of CryptoPunks intellectual property owner Yuga Labs, backtracked on the broader “Punk in Residence” initiative that made the Abney-CryptoPunks collaboration happen. “Yuga will no longer touch punks,” Solano vowed on X, formerly Twitter. Yuga’s attempt to use the CryptoPunks intellectual property outside of its PFP collection comports…

NFTMay 27

Spot Ethereum ETF approval possible tomorrow keeping BlackRock 10 year approval streak alive

The SEC could approve a spot Ethereum ETF as early as this week, marking a significant shift in regulatory stance. Bloomberg analysts Eric Balchunas and James Seyffart have increased their odds of approval to 75%, up from 25%, citing recent chatter and the SEC’s request for revised 19b-4 filings by 10 am Tuesday. This rapid development has led to a scramble among applicants, including major players like BlackRock, Grayscale, and Fidelity. BlackRock, the world’s largest asset manager, has a strong track record with the SEC, having only one ETF application denied in 2014. That ETF, the BlackRock Total Return ETF,…

EthereumMay 27

VeChain CEO Sunny Lu Says Choosing Sustainability Should Be Rewarded, VeBetterDAO Delivers

VeChain CEO explains how important it is to make sustainability an inclusive activity. He recognizes that many see becoming sustainably as an expensive feat. Thus, VeChain is working to reward sustainable measures and motivate people to do good. VeChain has made many incredible strides since the epic reveal of its VeBetterDAO and two new token initiatives. Since then, the VeChain ecosystem has welcomes many new partnerships with like-minded leadership that wish to take a more sustainable approach with innovation. Choosing a sustainable lifestyle can be expensive for the average person. In most cases, choosing sustainable options often incurs additional costs.…

AltcoinsMay 27

Indicators Suggest a Potential Shift in Market Momentum

As of April 15, 2024, bitcoin presents a mixed landscape of consolidation and subtle recovery hints, reflecting a crucial moment for potential bullish or bearish trends. Bitcoin Despite the current market indecisiveness indicated by the 1-hour chart, the 4-hour and daily charts suggest underlying movements that could influence future price actions. The 1-hour chart displays a consolidation phase with BTC prices oscillating between $62,773 and $66,797, creating a zone of uncertainty for traders. The appearance of a recent significant upswing hints at potential bullish momentum, yet the subsequent mixed patterns signal a cautious market sentiment. Bitcoin’s 4-hour chart captures more…

BitcoinMay 26

Prom Integrates Fandom to Revolutionize Digital Culture with NFTs and Web3

Prom is excited to integrate with Fandom, the first Fan-Fi project in its ecosystem. Fandom, on the other hand, is merging communities and artists in one place through NFTs and fan tokens to wither interact like never before. This integration adds another layer to Prom’s ecosystem because they are integrating new and interesting fan experiences. Prom Integrates Fandom Into the Ecosystem Meet @fandomstudio_, the first Fan-Fi project in our ecosystem connecting communities with artists through NFTs and fan tokens. Fandom Studio enhances the entertainment content industry, powering it with NFTs and other Web3 tools.… pic.twitter.com/62C4iVxuOb — Prom (@prom_io) May 26,…

NFTMay 26