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.

US Presidential Candidate Robert Kennedy Jr. Promises Honesty Backed By Blockchain Technology for US Citizens

US Presidential candidate Robert Kennedy Jr. showcases his faith in blockchain tech. He intends to put the US budget on the blockchain for true transparency. If he delivers, US taxpayers can track where their dollars are being funneled. The 2024 US Presidential elections have been critical to the betterment of crypto-related businesses and policies in the United States. All major candidates are making their stance on blockchain technology and Bitcoin (BTC) clear. The first to do so was Robert Kennedy Jr. Robert Kennedy Jr. is promising: • No taxes on #Bitcoin • Backing the US dollar with Bitcoin • Put…

BlockchainMay 26

Coinbase Unveils New Commercial Ahead of Bitcoin Halving

The advertisement underlines the key distinctions between Bitcoin and other currencies. The amount of pizza that can be bought with BTC at various times is highlighted in particular. The next Bitcoin (BTC) halving event is the subject of a new commercial that crypto exchange Coinbase has released. This event is set to take place on April 19, 2024. The advertisement underlines the key distinctions between Bitcoin and other currencies in an effort to educate the public about the potential for a Bitcoin price increase. Asking the strong question, “Is Bitcoin as effective as your money in time?” the ad starts…

BitcoinMay 26

Justin Sun’s empire crumbles as USDD depegs again

For the fifth time in its brief existence, Justin Sun’s decentralized stablecoin USDD has depegged. The coin, which is supposed to stay priced at a dollar via a series of algorithmic mechanisms, has deviated 3% from its $1 peg, currently trading for $0.97. The depegging comes on the back of news that another Justin Sun-based entity, Poloniex, is struggling to maintain a peg for its wrapped bitcoin (WBTC) product. Sun’s other stablecoin, TUSD, has also seen its peg break, though only slightly compared to the issues that the WBTC on Poloniex or USDD are having. It’s worth noting that all…

AltcoinsMay 26

Biton Partners with DeSui to Revolutionize SocialFi

Biton, a one-stop shop for chain ecology and multi-chain compatible seamless service applications, announced a new partnership with DeSui, a refreshing newcomer on the scene of SocialFi. Their joint intention is to streamline trading activities and eliminate cross-chain risk, for a complete user engagement experience in this rapidly developing world of blockchain technology. 🎉 Strategic Synergy Alert! 🤝 @Biton_ex is proud to partner with @DeSui_io – Pioneering the Future of SocialFi! 🌟 #Desui isn't just a SocialFi project; it's a game-changer, seamlessly blending social networking with DeFi to supercharge content creators. 👐 Its user-centric… pic.twitter.com/LQeiTSfVXV — Biton (@Biton_ex) May 25,…

BlockchainMay 26

Bitcoin Price Slips as Halving Nears: Analysts See Cyclical Pattern

Bitcoin (BTC) experienced a notable decline today, following a promising rally the day before. As of the time of writing, it’s trading at $63,118, marking a 3.9% decrease within the last 24 hours. This sudden decrease has taken many investors and traders by surprise. The crypto market is closely monitoring the situation’s development. Is Bitcoin’s Recent Dip a Pre-Halving Jitter? The volatility resulted in significant trader liquidations. Over the last day alone, market volatility has led to the liquidation of positions held by more than 96,000 traders, totaling a substantial $276.17 million. This total includes $202.35 million from long positions…

BitcoinMay 26

‘All Bets Are Off’ – Top Analyst Unveils Crypto Market Forecast Amid Increased Odds of Ethereum ETF Approval

A widely followed crypto strategist says that a certain altcoin group will massively benefit from the approval of a spot market Ethereum (ETH) exchange-traded fund (ETF). Pseudonymous analyst DonAlt tells his 554,400 followers on the social media platform X that while an Ethereum ETF might be a bit bearish for Bitcoin (BTC) inflows, it will be bullish for Ethereum and an altcoin cohort that has yet to see big rallies. “Think ETH ETF would take quite a bit of bid away from BTC. Think ETH ETF would lead to ETH going up which would lead to more stupidity in the…

EthereumMay 26

Shiba Inu (SHIB) Outshines DOGE and PEPE in This Key Metric

As the meme coin competition grows, Shiba Inu has extended its subtle lead over its core rivals Dogecoin (DOGE) and PEPE. Shiba Inu whales unleashed Besides the general slip-off in the price of the three meme coins, other performance metrics are beginning to see a revival. Per data from crypto analytics platform IntoTheBlock (ITB), the whale transaction volume of Shiba Inu has soared by a massive 268.26%. Per the data, these large transactions imply the valuation of trades or transfers worth more than $100,000, topping $98.12 million in 24 hours. By comparison, Dogecoin has seen its whale transactions jump by…

AltcoinsMay 26

Bitcoin Dips Below $62.5K as CoinDesk's BTC Trend Indicator Turns Neutral

Crypto prices continue to decline, with the Bitcoin Trend Indicator dropping into neutral. Trading volume for BTC remains resilient, however. Bitcoin (BTC) was down nearly 4%, trading below $62,500 in the early hours of the Asia business day, while Ether (ETH) is trading above $3000. The CoinDesk 20, a measure of the world's largest and most liquid digital assets, is trading at 2,139, down 4%. CoinDesk's Indices Bitcoin Trend Indicator (BTI) has flipped to neutral from bullish, signaling a weakening of upside momentum. The BTI is a daily signal communicating the direction and strength of bitcoin's price trends through a…

BitcoinMay 26

VanEck’s Ethereum spot ETF listed on DTCC under ticker $ETHV

VanEck’s proposed spot Ethereum ETF has appeared on the Depository Trust and Clearing Corporation’s (DTCC) new securities list with the ticker $ETHV. This development comes shortly after Cboe released amended 19b-4 forms. ETHV: VanEck’s Ethereum ETF Awaits SEC Approval, Listed on DTCC While the DTCC listing is a crucial step for the ETF, it does not guarantee the US Securities and Exchange Commission’s (SEC) approval, which is still pending. VanEck’s spot Ethereum ETF application will likely be the first to get a decision from the SEC. The SEC will decide whether to deny or approve the product. Van Eck filed…

EthereumMay 26

Nearly 40% of Institutional Investors Had Crypto Exposure in 2023, Survey Reveals

Nearly 40% of institutional investors had some exposure to crypto assets in 2023, a notable rise from the 31% recorded in 2021. A recent survey conducted by KPMG in Canada and the Canadian Association of Alternative Assets & Strategies has revealed a significant increase in institutional investors’ interest in cryptocurrencies. Per the survey, a third of respondents reported having at least 10% of their portfolio allocated to crypto assets, compared to only a fifth of respondents two years ago. Institutional Investors Enter Crypto Amid Maturing Market The survey also explored the reasons behind institutional investors’ growing interest in cryptocurrencies. A…

RegulationMay 25