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.

62 Crypto Projects Raise $474M in 20 Days, Led by Sophon and Securitize

According to the latest data, 62 blockchain or cryptocurrency projects have collectively raised $474 million over the past 20 days of May. Leading the charge, the entertainment-focused blockchain project Sophon garnered $60 million in a node sale, with Securitize following closely, raising $47 million. May Sees $474M Invested in Blockchain Startups Since the start of May, $474.08 million has been invested in blockchain and crypto startups and projects. Among these, 62 projects secured funding, including four Bitcoin ecosystem projects, which collectively raised nearly $20 million. Botanix Labs led this group with $8.5 million, followed by Arch Network with $7 million,…

RegulationMay 22

Dogs and cats coins lead gains in today’s market rebound

After a shaky Wednesday marked by the Fed announcement about no more interest rate cuts before inflation shows strong signs of staying at 2%, Bitcoin is up 2.2%. Despite being just a slight recovery, the movement was enough to boost two-digit gains on assets such as POPCAT, WZRD, and OMNOM. TRB, the native token of Tellor Tributes oracle protocol, leads the top gainers with a 62% growth, according to data aggregator CoinGecko. However, the profile crypto4light shared on CoinMarketCap’s community that this might be a manipulated move caused by whales. The recently launched KMNO, from Solana’s money market Kamino, came…

AltcoinsMay 22

Coinbase inaugurates the trading of futures on gold and oil

Coinbase has announced the opening of trading on futures contracts on gold and oil. This new feature will be available starting from June 3, according to what was communicated by Coinbase Derivatives. A market in evolution Coinbase: Trading opportunities for gold and oil futures A strategic step A market in evolution Coinbase, known for being one of the main cryptocurrency exchanges in the United States, has stated that, while keeping crypto derivatives as the core of its business, the introduction of oil and gold futures certainly represents an important step to diversify the trading opportunities offered to its users. These…

ExchangesMay 22

Key Indicators Signal Bearish Outlook

As bitcoin’s price action shows signs of continued bearishness, the digital currency’s trading volume and market capitalization suggest a volatile but keenly watched market. Bitcoin Bitcoin’s (BTC) current trading price of $62,891 to $63,075 per unit underscores a market grappling with uncertainty, reflected in an intraday trading range between $61,773 and $64,414 over the last 24 hours. The substantial volume of $36.08 billion, coupled with a market capitalization reaching $1.23 trillion, indicates active trading sessions but with a bearish bias as suggested by the prevalent selling actions across several key moving averages and oscillators. The overall market sentiment leans toward…

BitcoinMay 22

Justin Bieber, Jimmy Fallon, Donald Trump Crypto Portfolio Exposed

Arkham Intelligence data has exposed the crypto portfolios of some of the world’s most well-known figures: Justin Bieber, Jimmy Fallon, and Donald Trump. The surprising findings offer a glimpse into these celebrities’ digital investments, revealing substantial holdings and intriguing transactions. Crypto Portfolios of Bieber, Fallon, and Trump: What’s Inside? According to Arkham Intelligence data, pop icon Justin Bieber has a crypto net worth of $556,890. His top holding is Ethereum (ETH), worth approximately $536,080. Other notable Bieber holdings include ApeCoin (APE) and Dione (DIONE). He owns 12,136 APE and 301,027 DIONE. His DIONE holding is particularly interesting, given it is…

RegulationMay 22

OKX Secures In-Principle Approval for Singapore Payments LicenseByDean Fankhauser

Cryptocurrency exchange OKX has received a significant boost in its expansion plans as its Singapore subsidiary, OKX SG, has been granted in-principle approval for a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). This approval paves the way for OKX to provide digital payment token services and cross-border money transfer services in Singapore, further solidifying the city-state's position as a leading crypto hub in Asia. Singapore has emerged as an attractive destination for crypto firms due to its robust regulatory framework, which aims to strike a balance between fostering innovation and ensuring consumer protection. The MAS…

ExchangesMay 22

OG Bitcoin holders or 'King' Fish retain $15k cost basis after buying the dip

Glassnode data shows that OG Bitcoin holders, or Fish (yellow), those holding between 1 – 10 BTC, still have the lowest realized price by quite some margin at just $15,630. Compared to Whales, whose realized price is currently $35,290, this indicates Fish have the lowest average cost per Bitcoin out of all holders. Further, any time the Bitcoin price has touched the Fish realized price, it has marked the bottom of the market, as seen in 2011, 2014, and 2018. The realized price above chart shows the average cost at which Bitcoin holders have acquired their coins, broken down by…

BitcoinMay 22

Taurus expands to Vancouver amid North American digital asset boom

Digital asset services provider Taurus has announced the opening of its first North American office based in Vancouver, Canada. According to the announcement, this strategic move is part of Taurus’ ongoing international growth and efforts to cement its status as a key technology provider in the digital asset realm, now with a presence across three continents. Former Procore Technologies Andrew Maledy will lead the new Vancouver office, applying his background in infrastructure management, business technology, and cloud to Taurus’ new foray. “North America presents a significant opportunity for digital asset innovation, and we are excited to establish our presence in…

RegulationMay 22

Bitcoin and Ethereum Hit London Stock Exchange

As cryptocurrency enthusiasts eagerly await the approval of a physically-backed Ethereum (ETH) exchange-traded fund (ETF) in the US, London has also seen a groundbreaking development. The UK’s Financial Conduct Authority (FCA) has approved two crypto exchange-traded products (ETPs) by WisdomTree, which are soon to debut on the London Stock Exchange (LSE). WisdomTree, a global issuer of exchange-traded products and funds with nearly $112 billion under management, announced on Wednesday that it received FCA approval to launch two new instruments on the LSE: WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW). These physically backed ETPs are expected to launch next…

ExchangesMay 22

Is China’s Bitcoin mining ban the worst decision this century?

Though the process has been ongoing for a relatively long time – and even the most outspoken opponents of the crypto market have been getting involved, including during the ‘crypto winter’ – 2024 has been the year of institutional cryptocurrency adoption. The trend has been most evident and extensive with regard to Bitcoin (BTC), particularly since the approval of the U.S.’ first-ever spot BTC exchange-traded funds (ETFs). Indeed, these financial instruments have seen significant institutional interest in recent months, with investors of all stripes joining the action. One country that has excluded itself from both the trend and its fruits…

MiningMay 22