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 Could Surge to $120K on 'Doomsday Rally,' Trader Says

Geopolitical events and the search for an investment hedge led some traders to say bitcoin could surge in the coming months, despite a recent 10% weekly drop in its value. The correlation between bitcoin and traditional market assets remains high, but some investors see the cryptocurrency as a viable hedge and investment option, with expectations its price could reach $120,000 in the coming months. International politics and the search for an investment hedge could fuel a bitcoin (BTC) surge in the coming months, even after confidence in the largest cryptocurrency was dented by a 10% weekly drop, some traders say.…

BitcoinMay 25

Legendary Peter Brandt Predicted Ethereum (ETH) Rally: What's Next?

The legend of trading outside of the cryptocurrency industry, Peter Brandt, revealed that he has been building a bullish case for Ethereum since May 17 and even included an action plan for buying. Unfortunately, he did not reveal what is going to happen with ETH in the future, nor did he provide additional details on his buying plan. That is why we will have to address the price chart we have right now. Obviously, Ethereum is ripping and tearing the market right now, with the price of the second-biggest cryptocurrency slicing through the $3,600 resistance like a knife through butter.…

EthereumMay 25

South Korean Tech Giants Naver, Kakao Aim to Launch Token in June

The South Korean tech giants Naver and Kakao are set to finalize their blockchain merger plans with a token launch in June. According to Newsis, the token launch will take place in the UAE under the new brand name Kaia. Naver, Kakao Plan June Token Launch Kakao, the operator of the KakaoTalk chat app, is the driving force behind the Klaytn blockchain and its Klaytn (KLAY) token. KLAY prices over the past year. (Source: CoinMarketCap) Naver is South Korea’s answer to Google. It operates the Finschia (FNSA) token and blockchain protocol via its Line affiliate. Line is also a chat…

AltcoinsMay 25

SEC's Gensler Says House Bill Would 'Undermine' Regulator's Crypto, Capital Markets Oversight

The Financial Innovation and Technology for the 21st Century Act would hurt investors and hamper the U.S. Securities and Exchange Commission's work, SEC Chair Gary Gensler said Wednesday. "The Financial Innovation and Technology for the 21st Century Act ('FIT 21') would create new regulatory gaps and undermine decades of precedent regarding the oversight of investment contracts, putting investors and capital markets at immeasurable risk," he said. FIT21 is a joint bill produced by the House Agriculture Committee and the House Financial Services Committee, and is intended to clarify how the SEC and Commodity Futures Trading Commission (CFTC) oversee crypto. It…

LegalMay 25

Historical Trends Spell Trouble for BTC as Halving Looms

The Bitcoin halving, a technical event that occurs on the Bitcoin network every four years and reduces the cryptocurrency supply in half, is scheduled to occur in around three days. Oklink, a blockchain explorer, indicates that the countdown is 3 days and 15 hours as of press time, with an estimated date of April 20 and 526 remaining blocks. The halving cuts Bitcoin miners' earnings by half, as stipulated by the Bitcoin blockchain code, and is slated to occur every 210,000 blocks. This time, mining rewards will be halved from 6.25 BTC to 3.125 BTC. With only a few days…

BitcoinMay 25

Massive 142,000 Ethereum Shuffled in and out of Exchanges

Ethereum (ETH) has seen its price slip in the past few hours, compounding the marketwide losses it has recorded in the past 24 hours. Within this period, several batches of Ethereum were moved in and out of top trading platforms, which suggests that a major sell-off might be underway. Ethereum whales acting ahead of ETF decision According to data from crypto analytics provider Whale Alert, about 142,177 ETH have moved in and out of trading platforms, wallets and custody service engines in 24 hours. One of the smallest amounts recorded on-chain features 6,455 ETH worth $24,109,913 sent from an unknown…

EthereumMay 25

Largest U.S. Crypto ATM Firm Reports No Impact on Revenues Despite Bitcoin Price Volatility

Bitcoin Depot, the largest Bitcoin ATM operator in the United States, has reported robust revenues despite the highly volatile nature of cryptocurrency prices. In its recently filed 10-K annual report on April 15, the company revealed that its revenues in 2023 and 2022 amounted to $689 million and $647 million, respectively, showing no significant correlation with Bitcoin’s price fluctuations. Bitcoin Depot Reports Resilient Revenue Amid Bitcoin Price Volatility Despite cryptocurrency prices’ rollercoaster ride, Bitcoin Depot has weathered the storm with no significant impact on its revenues. Even during extreme volatility in Bitcoin prices, Bitcoin Depot’s revenues remained steady and unaffected.…

BitcoinMay 25

Proposed ether ETFs would not stake their ETH, new filings clarify

Issuers hoping to launch spot ether ETFs are making clear to the Securities and Exchange Commission that they would not stake ETH held by the funds. Staking ether involves depositing ETH to help secure the Ethereum blockchain — and earning yield in exchange. Tuesday filings by Cboe — the exchange that seeks to list spot ether ETFs by Fidelity, Franklin Templeton, Ark Invest, Invesco and VanEck — indicate that this possibility would be off the table for such funds, if approved. “Neither the trust, nor the sponsor, nor the custodian, nor any other person associated with the trust will, directly…

EthereumMay 25

Here is Shiba Inu Price After SHIB ETF Approval if it Gets 30% of Bitcoin ETF Inflows

Shiba Inu has the potential to soar to greater heights if a SHIB ETF product captures 30% of the spot Bitcoin ETF inflows following an approval. The cryptocurrency market is fast appealing to TradFi investors, evidenced by the massive adoption of the spot Bitcoin ETF products months after their launch. Amid the success of the Bitcoin ETFs, industry commentators have evaluated the likelihood of asset managers launching ETFs tracking other crypto assets. Leading asset management firms such as BlackRock and Fidelity Investments have turned their eyes on Ethereum, but the chances of approval of these Ethereum-based products grow slimmer by…

AltcoinsMay 25

U.S. President Biden Does Not Threaten Veto Against House Crypto Market Structure Bill, But 'Opposes Passage'

The White House is against the U.S. House of Representatives passing a crypto market structure bill, but the president isn't threatening to veto it. U.S President Joe Biden's White House published a statement of administrative policy Wednesday saying the administration opposed the passage of the Financial Innovation and Technology for the 21st Century Act, citing concerns over a lack of investor protections should it make its way through Congress. "The Administration is eager to work with Congress to ensure a comprehensive and balanced regulatory framework for digital assets, building on existing authorities, which will promote the responsible development of digital…

LegalMay 25