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.

Bitcoin Price Restarts Decline, Can BTC Bulls Protect $60K?

Bitcoin price started another decline from the $67,000 zone. BTC is showing bearish signs and might soon revisit the $61,000 support zone. Bitcoin failed to clear the $67,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break below a rising channel with support at $64,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its decline unless it clears the $65,000 resistance zone. Bitcoin Price Recovery Stalls Bitcoin price attempted a recovery wave above the $65,000 resistance zone. BTC even climbed above $66,200,…

BitcoinMay 26

P2P Bitcoin Exchange Hodl Hodl Suspends Lending Services for US and UN Embargoed Countries' Residents

Hodl Hodl, a non-custodial Bitcoin exchange, has announced changes to its “Terms of Service” agreement affecting the availability of its lending services. The platform is now excluding residents of the U.S. as well as U.N. embargoed countries from its lending platform, citing “regulatory uncertainty” as the reason behind these changes. Hodl Hodl to Exclude US Residents From Accessing Its Lending Platform Hodl Hodl, a decentralized, non-custodial, and anonymous Bitcoin trading platform, has changed its service agreement to exclude residents of the U.S. and of United Nations-embargoed countries from accessing its lending platform. The change, part of a “stricter policy” of…

ExchangesMay 26

Fireblocks Integrates Injective to Speed up Institutional Adoption

Fireblocks, a well-known custodian for digital assets, has recently made a new integration. It has reportedly collaborated with Injective (a prominent blockchain company) while endeavoring to speed up its adoption among the leading institutions around the world. Injective revealed this integration on its official account on X. 1/ The worlds leading digital asset custodian, @FireblocksHQ, has integrated Injective to accelerate institutional adoption. Now some of the largest institutions can directly access $INJ and seamlessly onboard onto the Injective ecosystem. Keep reading 🧵 pic.twitter.com/myqUE0aeSg — Injective 🥷 (@injective) May 24, 2024 Fireblocks Onboards Injective to Expand Its Institutional Adoption As per…

BlockchainMay 26

$3 Billion Short Liquidation Looms At This Price Mark, Warns Analyst

The Bitcoin market is currently on edge as prominent analyst Crypto Rover warns of a potential liquidation event that could negatively affect the short holders. With Bitcoin trading within a significant consolidation phase, as revealed by Rover, analysis suggests that over $3 billion in short positions could face liquidation should Bitcoin climb back to a specific price mark. Bitcoin Bears Beware Of This Price Range According to Rover, the crucial price mark, which is the $71,600 region, is where the $3 billion short liquidation would occur if Bitcoin reclaims it. Rover’s assessment is based on data gathered from CoinGlass, a…

BitcoinMay 26

“Ethereum ETF Approvals Will Be Nothing Like Bitcoin ETFs”

According to Bloomberg ETF analyst Eric Balchunas, the U.S. Securities and Exchange Commission's (SEC) recent interaction with potential spot Ethereum ETF applicant companies represents a significant shift in the outlook for potential approvals. Next steps include approving forms 19b-4 and S-1 registration statements. Balchunas noted that due to the unique nature of the issue, this may take longer than usual. Once these are met, trading can begin. “Overcoming the possible approval issue is the most important thing. Now it's all about logistics and legal documents,” he said. Unlike spot Bitcoin ETF approvals, where the SEC meets with prospective issuers for…

EthereumMay 26

Blum Has Every Chance to Become the Most Significant Airdrop in 2024

Blum, a project of former Binance executives Gleb Kostarev and Vladimir Smerkis, is gaining increasing momentum due to the viral effect and farming mechanics. This marketing move has already attracted a colossal audience to the project — more than 3 million people have already joined Blum. How to farm Blum? The feature is available in the Telegram mini-app, it allows users to earn “points” that can later be converted into real tokens, adding an element of gamification. Launch the bot, complete tasks and get points! Use “invites” which are the referral links, send them to your friends to earn more…

ExchangesMay 26

Prom Announces the Integration of ARPA into Its Ecosystem

Prom, a popular modular ZkEVM L2 that offers interoperability across diverse chains, has recently announced an exclusive integration. The platform has reportedly integrated ARPA which is an Ethereum-based well-known permissionless network that intends to provide a privacy-preserving, secure, and fair blockchain forum. The company disclosed the news of this integration on its official X account. Prom Integrates ARPA Into the Ecosystem We’re thrilled to introduce another infrastructure partner in our ecosystem, meet @arpaofficial, a permissionless threshold BLS signature network. ARPA builds a verifiable on-chain randomness oracle, Randcast, which is now live on… pic.twitter.com/RMoapemuip — Prom (@prom_io) May 24, 2024 Prom…

BlockchainMay 26

Bitcoin Miners Battle the AI Boom Ahead of Halving: Bernstein

Bitcoin miners are increasingly facing off against a new foe to contend with ahead of this week’s halving: the AI boom. Analysts at investment firm AllianceBernstein, Gautam Chhugani and Mahika Sapra, said that miners are now competing with AI data centers in places like Texas. Bitcoin miners are largely centralized operations that mint new digital coins. To do so, a Monday report explains, they need to use a lot of computers and therefore energy. Meanwhile, the booming AI industry is also power-hungry. Both industries look to places like Texas, which has cheap energy and lots of land to build data…

BitcoinMay 26

Ethereum Futures Market Breaks Record as ETF Euphoria Ensnares Traders

Open interest for Ethereum futures contracts hit $15.5 billion on Tuesday following rumors that the Securities and Exchange Commission was closer to approving ETH exchange-traded funds this week. The sudden blast of optimism has fueled a rush of upward movement across markets, and CoinGlass data shows that open interest on all crypto exchanges was at a record of 4.13 million ETH—surging by 32% in 24 hours. Deribit CEO Luuk Strijers told Decrypt that the trading volume was “unprecedented.” “This surge [in futures trading] reflects the heightened market activity and interest as traders and investors position themselves to capitalize on the…

EthereumMay 26

Animoca Brands “comes to Bitcoin” with OPAL Protocol

Animoca Brands says Bitcoin is ready for Web3. The blockchain gaming giant will collaborate with Darewise and OPAL Protocol to launch a new era for gaming, DeFi and Web3 on BTC. BLIF, a new token of the OPAL Protocol, will power the ecosystem. Animoca Brands, a leading blockchain gaming company with a huge presence across the market, has announced its entry into the Bitcoin ecosystem. The Hong Kong-based company’s huge announcement came via a post on X on Tuesday. Among other details, Animoca Brands said it “is coming to Bitcoin” and that the pioneer blockchain network is “ready for Web3.”…

AltcoinsMay 26