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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.

21 Giant Banks Predicted When and How Much the Fed Will Cut Interest Rates

Following the Fed's decision to keep interest rates steady, many major US banks revised their interest rate forecasts. Here's a summary of his latest predictions: Bank of America predicts that the first reduction will be made in December 2024 and a total reduction of 25 basis points (BPS) will be made throughout the year. Barclays and BNpp share similar views and estimate that the first reduction will be made in September and December, respectively, and a 25 basis point reduction will be made in 2024. Citigroup expects an earlier and larger reduction, estimating that the first reduction will be made…

Regulation

CryptoQuant Announces Exclusive Collaboration with TON

CryptoQuant, a famous crypto data insights provider, has recently announced its latest partnership. As per the platform, it is now joining forces with the well-known blockchain platform TON (the open network) to facilitate its clients. On its official account on the social media platform X, the company revealed the details of the respective partnership. We're thrilled to announce our partnership with @ton_blockchain! 🤝 Now, you can access $TON data on CryptoQuant. Check our queries for target="_blank">https://t.co/sQecXZqYdU pic.twitter.com/DCvdMAVGhI — CryptoQuant.com (@cryptoquant_com) April 30, 2024 CryptoQuant and TON Join Forces to Improve User and Developer Experience The platform disclosed that, as included…

Altcoins

CFTC Commissioner Summer Mersinger on Overzealous Crypto Regulation and the Need for Legislative Action

Commissioner Summer Mersinger, of the Commodity Futures Trading Commission (CFTC), is one of the few U.S. regulators who is routinely willing to defend the crypto industry and call out what she sees as overzealous oversight. She will be speaking at Consensus 2024 in Austin, Texas, on May 30. CoinDesk caught up with Mersinger to discuss the Cain and Abel rivalry between the CFTC and U.S. Securities and Exchange Commission (SEC), how her agency decides which enforcement actions to pursue and her views on a variety of issues, including the CME possibly getting into the spot bitcoin market, the emerging world…

Legal

Peter Schiff Questions $100,000 Bitcoin Price Predictions

In a recent post on the X social media network, cryptocurrency critic Peter Schiff has questioned bullish Bitcoin (BTC) price predictions. The gold bug is not sure whether or not the cryptocurrency can surge to the $100,000 level given that major cryptocurrency-related stocks are now in a bear market. Even though the definition of a bear market is somehow murky, analysts typically agree that it occurs when a certain stock experiences a 20% decline. As noted by Schiff, the Coinbase (COIN) stock is down more than 21% from its recent high. Other major cryptocurrency-related stocks, such as Microstrategy (MSTR) and…

Bitcoin

Ethereum Dominates NFT Sales Despite Overall Market Drop

Over the past week, non-fungible token (NFT) sales declined by 8.99%, amounting to approximately $137 million. Ethereum topped the charts with $43 million in sales, marking a 20.26% increase from the previous week. NFT Market Shrinks by 8.99%, Ethereum and Bitcoin Lead in Sales NFT sales experienced a decline this week, falling by 8.99% compared to the previous week. Across all 21 blockchains, total sales reached $137.44 million, with Ethereum leading the way with $43 million. Bitcoin followed with $34.79 million in NFT sales, a decrease of 26.67% from the prior week. Other notable blockchains included Solana, Polygon, and Immutable…

NFT

Ether Has 1 in 5 Chance of Tapping $5K by End-June, DeFi Options Protocol Lyra Says

There is a 20% chance of ether rallying as high as $5,000 by the end of June, according to dominant DeFi options protocol Lyra. Traders have snapped up ether calls at the $5,000 strike and higher this week. The price of ether (ETH) has a 20% chance of rallying to $5,000 by the end of next month, data from the decentralized options marketplace Lyra indicates. The price peaked at $4,692 during the previous bull market, according to CoinDesk data. To hit the new record, ether would need to rise by about a third from the current level around $3,740. That…

Ethereum

Safe and Chainlink Forge Alliance to Revolutionize Blockchain Security and User Control

Safe has earlier today announced a strategic alliance with Chainlink Labs. This partnership is set to enhance the adoption of account abstraction and fortify the security within onchain ecosystems. Safe, a leader in smart account infrastructure, joins forces with Chainlink Labs, known for its comprehensive decentralized computing platform that has become a cornerstone in the development of reliable blockchain applications. The collaboration between these two tech giants is aimed at integrating Safe’s cutting-edge account solutions with Chainlink’s robust service offerings. By doing so, they plan to provide a more seamless and secure framework for developers and businesses venturing into digital…

Altcoins

Several U.S. House Democrats Petition Colleagues to Join Yes Side on Crypto Bill

The U.S. House of Representatives is on the verge of a vote on Wednesday that is widely expected to approve comprehensive cryptocurrency legislation with bipartisan support – a major milestone for the industry – and several Democrats there are pushing their colleagues to vote yes. At least eight House Democrats were vocally supporting the Financial Innovation and Technology for the 21st Century Act (FIT21) – and they may recruit more – according to a memo shared with CoinDesk by a congressional aide. At this point, the bill is scheduled for floor discussion and a vote later in the day on…

Legal

Vitalik Buterin Moves $300K in Ethereum (ETH): Details

Ethereum cofounder Vitalik Buterin has made a significant move in the crypto space today, transferring 80 ETH (approximately $300,000) to coin mixer Railgun. This transfer marks the latest in a series of monthly transfers Buterin has made to Railgun over the past six months. Railgun, known for its privacy-focused coin mixing services, has gained attention within the crypto community for its ability to prevent malicious behavior and protect user anonymity. Buterin has been a vocal advocate of Railgun's privacy pools protocol, which he believes significantly enhances user privacy by making it difficult for bad actors to compromise the anonymity of…

Ethereum

Significant Development in a Popular Altcoin: Launching Hard Fork

Chiliz (CHZ), a blockchain provider working in sports and entertainment, announced the activation of the “Dragon8” hard fork on the Chiliz Chain. According to the official announcement, this update brings a new tokenomic model and technological improvements. The hard fork in question will be launched on the mainnet on May 21, 2024. The hard fork envisages the full implementation of the previously announced Chiliz Chain Tokenomics 2.0. This new model has a structured annual inflation rate that starts at 8.80% and gradually decreases to stabilize at 1.88% after 14 years. In addition to the new tokenomics model, the hard fork…

Altcoins