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.

The Sandbox partners with Bitkub to expand the network’s Metaverse

The Sandbox and Bitkub established an alliance to expand the network’s metaverse within The Sandbox. The establishment of a metaverse hub will provide users with the opportunity to interact with a variety of desirable entities in the Bitkub Metaverse. The Sandbox operates as a decentralized gaming enterprise with a foundation centered around blockchain technology. The alliance will pave the way for digital communication by combining blockchain-based Sandbox gaming technology with Bitkub’s technical expertise. With the interconnection of famous entities belonging to the Bitkub Metaverse, there will be improvements in factors related to interoperability and the introduction of all-inclusive exposure with…

MetaverseMay 22

Bitcoin on the cusp of confirming key breakdown; How low can BTC go?

Bitcoin (BTC) is presently grappling with maintaining its price above the $60,000 threshold amidst persistent sell-offs across the broader market. Indeed, some players within the market speculate that Bitcoin may face further devaluation leading up to the halving event. For instance, market strategist Gareth Solway suggested on April 16 that geopolitical tensions served as a catalyst for Bitcoin’s price to breach a significant support trend line, which had been pivotal in propelling the cryptocurrency’s upward trajectory since February. Soloway emphasized that the breakdown remains unconfirmed while the support trend line has been breached. He explained this concept using probability, indicating…

BitcoinMay 22

The Graph Launches Sunrise Upgrade Program, Offering Up to 4M GRT for Participants

San Francisco — The Graph Foundation, stewards of core developers of The Graph Network, launches the Sunrise Upgrade Program today, aiming to democratize data access through a range of on and off-chain activities rewarding participants with GRT tokens. — The Graph, renowned as the pioneer decentralized data marketplace, standardizes subgraphs as the method for indexing and accessing blockchain data across 50+ blockchains. The Sunrise Upgrade Program, fueled by community engagement, features missions encompassing both technical and non-technical tasks, from content creation to network contributions. CEO of Edge & Node, Tegan Kline, emphasized the program's inclusivity, stating: "The Graph seeks to…

AltcoinsMay 22

Probe finds Effective Ventures charity acted ‘diligently’ after FTX collapse

A UK government inquiry into an FTX-backed charity that received $26.8 million in donations, has concluded that its trustees acted ‘quickly’ and ‘diligently’ protecting the charity’s funds in the wake of the crypto exchange’s high-profile collapse. In 2022, Effective Ventures Foundation (EV) filed a Serious Incident Report with the Charity Commission, informing it that FTX, one of the charity’s major funders, had filed for bankruptcy amid reports of criminal activity. It also informed the commission that the CEO of FTX Foundation and an unpaid advisor to the FTX Future Fund made up two of EV’s trustees. The commission subsequently launched…

ExchangesMay 22

Bitcoin Faces Further Rejections At $63,000

Bitcoin (BTC) price remains below the moving average lines but above the support of $61,000. Cryptocurrency price analysis brought by Coinidol.com. Bitcoin price long-term forecast: bearish Since the price plunge on April 13, the price has been moving in a narrow range between the low of $60,000 and the resistance at $66,000. Bitcoin is currently worth $63,103. The 50-day SMA or resistance at $66,000 is holding back any further upward movement in the price. Buyers were rejected on April 14, 2024 when they tried to hold the price above the moving average lines or the $66,000 resistance level. Bitcoin is…

BitcoinMay 22

Meme supporter? Presidential candidate Kennedy Jr. buys $24,000 in GME stocks

Presidential candidate Robert F. Kennedy Jr. shared on X today that he invested $24,000 in GameStop’s GME stocks. In his post, Kennedy Jr. promises to “support the Ape retail rebellion and enact aggressive Wall Street reforms,” fulfilling alleged claims from retail investors for more transparency. The funds used to invest in GME, according to the presidential candidate, were earned from his lawsuit against Monsanto. “I love the idea of making Monsanto support GME and the Apes. We need a free and fair market. Let’s punish predatory short selling to the moon. By the way, I ride with you and I’m…

RegulationMay 22

Here’s When Holding 100M Shiba Inu Will become $1M

Shiba Inu investors holding 100 million tokens at the current price could witness their holdings skyrocket to $1 million if SHIB reaches a value of $0.01. The broader crypto market is currently witnessing a downward push, with prices collapsing to monthly lows in recent times. As a result, the global cryptocurrency market cap has dropped to $2.38 trillion at last check, down from the $2.76 trillion peak last month. Amid the ongoing collapse, Shiba Inu has faced market turbulence, down nearly 45% from the $0.000045 yearly high attained last month. Despite the ongoing bearish pressure, optimism prevails within the Shiba…

AltcoinsMay 22

US Bank State Street Eyes Blockchain Innovation With New Head of Digital Solutions

State Street Corporation, one of the oldest banks in the United States, is actively searching for a leader for its digital assets solutions team. This move signifies the bank’s serious commitment to expanding its presence in the cryptocurrency space. The new Head of Digital Solutions role, based in Boston or London, offers an annual salary of $225,000 to $337,500. State Street Continues Expanding Into Tokenization and Blockchain Sectors Despite its rich history dating back to 1792, State Street’s journey into the digital assets arena is a recent development. The bank has invested in and partnered with others to build its…

BlockchainMay 22

Is Bitcoin About to Crash Below $60K or Stage a Recovery?

Bitcoin’s price has been consolidating above the $60K mark, failing to continue its upward trajectory. Yet, soon, it will become evident whether the market will pull back further or make a new all-time high. Bitcoin Price Analysis: Technicals By TradingRage The Daily Chart On the daily chart, the price has been rejected from the $70K resistance level and is on its way to retesting the $60K support zone. If Bitcoin breaks below $60K, a massive drop toward the $52K area becomes much more likelier. Yet, if the price successfully reclaims the $68K level, creating a new all-time high would likely…

BitcoinMay 22

Milady Maker leads daily NFT sales, CryptoPunks records 5 transactions despite backlash

Milady Maker led CryptoSlam’s daily non-fungible token (NFT) sales chart on Tuesday with US$1.07 million, up from Monday’s US$267,554. Milady’s Tuesday surge follows backlash against Yuga Labs, the owner of the CryptoPunks IP. The company faced criticism for announcing on Monday a new NFT collection focusing on race and gender, tied to CryptoPunks, the day’s second-ranking collection. While disappointed CryptoPunks owners warned they might sell their NFTs, members of the Milady community predicted that the funds would flow into Milady. cryptopunk rotation into milady is going to give you whiplash — mischief – very special 🎖️🏆 (@y2k_mischief) May 21, 2024…

NFTMay 22