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Author: 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.

Blum Has Already Attracted 5 Million Users!

The Blum project which erupted from the masterminds of the first persons of Binance Russia continues to surprise the crypto market with the pace of its development and attracting a huge audience. In just a few days, the number of users has grown incredibly and is now 5 million! No doubt, this is a significant milestone and Blum has already marked it with a separate post on its social media — it became known that already 5 million people are engaged in farming and inviting, and are also watching the development of the project with great interest. Let us remind…

Exchanges

RWA Inc. Begins Strategic Collaboration with Hybrid

RWA Inc., the pioneer platform using cutting-edge Web3 facilities to release fractional assets, has started a unique partnership. As per the company, it is joining forces with Hybrid, a prominent layer for on-chain intelligence that utilizes AI and Web3 experts. The platform took to its X account to disclose this development. 📢 Exciting Partnership News@RWA_inc_ and pioneering AI-focused L1 programmable blockchain, @BuildOnHybrid will work together to integrate AI services into the #tokenization market. RWA's community gains access to @BuildOnHybrid AI tools and features which will help to… pic.twitter.com/LfiJFDtHfX — RWA Inc. (@RWA_Inc_) May 24, 2024 RWA Inc. and Hybrid Start…

Blockchain

Economist Alex Krüger Says ‘Base Case’ Is Ethereum at New All-Time Highs, Bitcoin Much Higher by Year End

Closely followed trader and economist Alex Krüger believes Ethereum (ETH) is headed to new all-time highs (ATHs) due to one key catalyst. Krüger tells his 175,400 followers on the social media platform X that a possible approval of a spot ETH exchange-traded fund (ETF) as early as this week could send the top altcoin soaring. The odds for an ETH ETF approval by the U.S. Securities and Exchange Commission (SEC) suddenly increased this week, and ETH rallied by more than 20% in the past day. He also believes Bitcoin (BTC) will be “much higher” before the end of 2024. “My…

Ethereum

Monero hits eight-year low against Bitcoin as regulatory pressures mount

Monero’s XMR token has fallen to its lowest point against Bitcoin in the last eight years amid regulatory pressure on privacy-focused blockchain networks. According to CoinMarketCap data, the XMR-BTC chart reached as low as 0.001954 BTC today, down 50% on the year-to-date metric. Moreover, the digital asset’s US dollar value has also been struggling, falling by more than 20% in the past year to less than $120 as of press time. Nevertheless, Monero developers are intensifying efforts to enhance the network privacy features despite the regulatory challenges. FCMP A recent announcement on its website unveiled a novel privacy mechanism, “Full-Chain…

Altcoins

3AC Liquidator Teneo Deposits 2.18M $STRK into Binance within 3 Days

Teneo, the prominent crypto hedge fund Three Arrows Capital’s liquidator has recently made a significant development. As per SpotOnChain, a well-known on-chain analytics provider, Teneo reportedly deposited up to 2.18M $STRK tokens (equaling $2.63M) into Binance during the last 3 days. The analytics platform took to its official social media account on X to reveal this development. Earlier, Vitalik Buterin (Ethereum co-founder) also unlocked over $1M worth of $STRK tokens. Teneo, #3AC liquidator, deposited 2.18M $STRK ($2.63M) to #Binance in the past three days! Currently, @Teneo still holds 130M $STRK ($157M) of 3AC's assets in custody, making it the second-largest…

Exchanges

Ripple CTO Issues Important Tokenization Explanation

With the broader digital currency ecosystem tilting toward tokenization, Ripple CTO David Schwartz has hinted at some of the important benefits of this technological advancement. Benefits of tokenization The concept of tokenization has been flying around, however, only a few understand or know what it really means. Taking to the Ripple Labs’ new X series of explaining a blockchain concept in 60 seconds, the Ripple CTO used real estate to explain the tokenization concept. He said, with a lot of paperwork involved in buying an asset, it becomes fairly difficult to prove ownership of such properties. He believes tokenization eliminates…

Blockchain

Bitcoin Will Become the Best Savings Tool After the Upcoming Halving

Currently, traditional assets are continually debased due to overproduction and inflation. Bitcoin emerges as a beacon of stability with its immutable scarcity and superior monetary properties. As the next Bitcoin halving approaches, experts and market analysts spotlight BTC as the ultimate tool for long-term savings. Bitcoin: the Ultimate Savings Tool According to a new report, Bitcoin’s unique attributes position it ahead of traditional savings instruments. Joe Burnett, researcher at Unchained, explained that the upcoming Bitcoin halving, which will reduce the block reward from 6.25 BTC to 3.125 BTC, is set to cement Bitcoin’s role as a prime savings medium. Burnett…

Bitcoin

Ether Rally Prompts Over $300 Million ETH Inflow to Crypto Exchanges: Nansen

Ether (ETH) holders are sending assets to crypto exchanges at the fastest pace in almost four months following the crypto's rally on increasing anticipation of a U.S. spot exchange-traded fund approval. Blockchain data by Nansen Intelligence shows Tuesday net inflows to exchanges reached 81,840 ETH worth roughly $306 million at current prices, the highest amount in a day since January 23. Tuesday was also the third day in a row of inflows, marking a break from the general trend of decreasing ETH balance on exchanges, Nansen data shows. The last time ETH experienced consecutive days of inflows to exchanges was…

Ethereum

Ripple CTO Ends Speculation on XRP Holdings

David Schwartz, Ripple's Chief Technology Officer (CTO), has clarified his position on XRP in a recent remark on X (previously Twitter), putting an end to speculation over his cryptocurrency holdings. Schwartz made this clarification after an X user claimed he sold billions of XRP to acquire ETH and BTC, adding that the proof was in his SEC statements. In a move to dispel rumors and provide transparency in the cryptocurrency community, Schwartz disclosed the details of his XRP holdings and his investment history. Schwartz revealed that at the peak of his holdings, he possessed approximately 26 million XRP, and that,…

Altcoins

How Hydro-Cooling Tech is Leading the Charge Post-Halving

Now that the halving has occurred and fees are at a six-month low, the profitability of application-specific integrated circuit (ASIC) mining rigs has shifted significantly. It is now essential to ensure electricity is inexpensive and machines are efficient in terms of joules per terahash. The following is an examination of today’s top six ASIC miners in terms of profitability, just over a month after the fourth halving event. Hydro-Cooling ASICs Dominate the Top 10 Bitcoin Mining Machines As May draws to a close, Bitcoin’s network hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power, is…

Mining