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.

Bitfinex Analysts Referred to December 2020 in Bitcoin and Announced Current Upward Signals!

While Bitcoin and altcoins are trying to combat the declines experienced in recent days, the countdown has begun for the highly anticipated BTC halving. At this point, while investors were wondering whether there would be a new wave of decline in BTC and altcoins, a new report came from Bitfinex analysts. Analysts pointed out that long-term investors' Bitcoin supply on the exchanges fell to the lowest levels in 18 months, and stated that this showed that long-term owners either continued to reduce their assets or removed their assets from the stock market. “The basis for Bitcoin price dynamics is this…

BitcoinMay 25

The Untold Story Behind Beeple's Historic NFT Sale: 'Token Supremacy' Excerpt

Mike Winkelmann sank into the sofa as three cameras recorded his meltdown. The dueling identities that had once structured his life were coming into conflict as his fortunes increased by the second. Unseen crypto billionaires were bidding for his soul, or at least it felt that way. His entire artistic career was being auctioned as a compilation of five thousand digital artworks, packaged by the Christie’s auctioneers as a single non-fungible token (NFT). The winner would receive this NFT as an online certificate of ownership, a deed to 14 years inside Winkelmann’s mind. It was surreal watching his own coronation…

NFTMay 25

Ether Volatility Expected as Traders Flood Exchanges With $231M of ETH Amid ETF Hopes

Exchanges experienced a net inflow of 62,000 ETH ($231 million) this week, suggesting a period of volatility is coming. Daily spot buying from ETH permanent holders hit its highest level in 2024 this week. A significant price correction is expected if a spot ether ETF is delayed or denied due to high levels of open interest. Ether (ETH) is expected to experience a period of volatility this week due to exchange inflows spiking to the highest level since March, according to a report by data provider CryptoQuant. The daily net flow of ETH, which tracks inflows and outflows to exchanges,…

EthereumMay 25

Ripple Unlocks 500M XRP from Escrow as Price Retests $0.50

Ripple has witnessed the release of 500 million XRP from escrow to cater for May, with the latest escrow unlock coming amid a period of price volatility for XRP. Data from XRPL explorer Bithomp shows that the transaction occurred today at 02:15 AM (UTC), consistent with the standard procedures for escrow unlocks. The execution was initiated by OffEscrowerOfDai, an account commonly engaged in such processes and noted for its unusual memos. Notably, the recipient address also received 500 million XRP from last month’s escrow execution but has held onto the tokens until now. As a result, following the latest release,…

AltcoinsMay 25

Expert Says SEC’s Canceled Sunshine Meeting Has Nothing to Do with Ripple

Fagel says the recently canceled SEC’s Sunshine Act meeting is unrelated to Ripple, indicating that such cancellations typically occur for mundane reasons. Marc Fagel, a legal expert and former SEC official, has reacted to ongoing speculation within the XRP community regarding the regulatory agency’s decision to cancel a Sunshine Act meeting. XRP Community Reacts to Newly Passed Bill For context, Good Morning Crypto podcast host Abdullah “Abs” Nassif called the public’s attention to the significance of a pro-crypto bill, dubbed the Deploying American Blockchains Act of 2023, which the U.S. House of Representatives recently passed. According to Nassif, the bill…

LegalMay 25

US Stocks to Affect Bitcoin (BTC) and Crypto Heavily After Today

The S&P 500 has closed below its 50-day moving average for the first time in five months, marking one of the most bullish events for the U.S. stock market this year; it is a potential warning sign that heavily impacts Bitcoin and the cryptocurrency market in general. But why do stock market moves even affect Bitcoin ? The reason is quite straightforward: it is all about investor mood. When big stock indexes like the S&P 500 falter, it can make investors across all markets feel nervous. They might start thinking, "If stocks are risky right now, maybe I should be…

BitcoinMay 25

Controversial Artist Damien Hirst Accused Of Backdating 1,000 Paintings In NFT Project

English artist Damien Hirst is under increased scrutiny this week following claims he backdated more than 1,000 pieces of art from his NFT project “The Currency,” The Guardian reported Wednesday. Damian Hirst Under Fire For NFT Project Following Exposé The controversial artist, perhaps best known for works depicting animals preserved in formaldehyde, allegedly misrepresented the actual dates of an estimated 10% of the 10,000 physical paintings from “The Currency,” all of which corresponded to a matching NFT. Launched in 2021 and sold for $2000, Hirst claimed that all of the physical paintings part of the NFT project were made by…

NFTMay 25

Nasdaq refiles for BlackRock’s proposed Ethereum spot ETF

Nasdaq has submitted an updated 19b-4 form to the Securities and Exchange Commission (SEC) for BlackRock’s proposed spot Ethereum exchange-traded fund (ETF). BlackRock’s updated form, filed on Wednesday, follows the SEC’s request earlier this week for exchanges to revise their 19b-4s, which are critical in the approval process for rule changes necessary for the ETFs to go live. Yesterday, other ETF issuers, including Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares, and Franklin Templeton, submitted their amended filings via CBOE. These amendments mark a significant step in the regulatory process for the potential launch of spot Ethereum ETFs. BlackRock’s filing notably states that the…

EthereumMay 25

SHIB Team Explains Why Shiba Inu is Falling Today

Prominent Shiba Inu ecosystem team member Lucie has identified the possible reasons behind SHIB’s recent price dump. Investors expected the prices of various crypto assets, including Shiba Inu, to surge tremendously shortly after the highly anticipated Bitcoin halving event. However, the reverse has been the case, as the broader crypto market continues to witness massive declines. Shiba Inu Dips 18.9% in 7 Days To put it into perspective, the global crypto market cap has slumped 4.8% over the past 24 hours to $2.2 trillion. In particular, the leading canine-themed token, Shiba Inu, has plunged 7.53% in the past day and…

AltcoinsMay 25

UK Sets July 4 Date for Election Likely to Oust Conservative Party, Spelling Uncertainty for Crypto Hub Plans

Prime Minister Rishi Sunak set July 4 as the date for a U.K. general election that's likely to see his ruling Conservative Party lose power. Conservative policy was to promote the U.K. as a hub for the crypto industry, while the Labour Party has not made its stance to the industry clear. A U.K. general election, which could see the crypto-friendly Conservative Party lose its governing mandate, will take place on July 4, earlier than expected. The Conservative Party has said it wants the U.K. to be a crypto hub and has been instrumental in passing legislation recognizing digital assets…

LegalMay 25