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 Tumbles to $60K, Ether Under $3K; Correction Not Over, Says Strategist

Bitcoin (BTC) has given up the entirety of its bounce from Saturday's panicky selloff, plunging to under the $60,000 level in the morning hours of the U.S. trading session Wednesday. After earlier Wednesday recovering above $64,000, bitcoin slipped to as low as $59,900, down more than 3% over the past 24 hours and its weakest price since early March. At press time, it was trading at $60,200. Ether (ETH), the second-largest crypto asset by market capitalization, tumbled below $3,000 declining 2.5% over the same period. The weakness echoed through most crypto markets, with all CoinDesk Market Index (CMI) sectors being…

BitcoinMay 22

Crypto Whale Offloads $46 Million in Ethereum as Market Eyes ETF Decision

A massive crypto whale recently offloaded $46 million worth of Ethereum (ETH) amid a critical period for the crypto market. This transaction has stirred considerable attention as the market anticipates the US Securities and Exchange Commission’s (SEC) decision on the spot Ethereum exchange-traded funds (ETFs). Crypto Whales Cash Out on Ethereum According to the on-chain analysis platform Spot On Chain, the crypto whale, identified by the wallet address 0x7f1, deposited 15,000 ETH (~ $ $46 million) to Kraken at $3,065 each on May 20. This transaction marks the first time this whale has moved such a significant amount to Kraken.…

EthereumMay 22

Friend.tech Community in Uproar Amid Token and V2 Launch

Social crypto platform Friend.tech has launched its new native token alongside version two (V2) of the decentralized social media. But so far, it's not going very smoothly. FRIEND tokens were supposed to be airdropped to those captured in an April snapshot. Unfortunately, it appears that many users have struggled to claim their tokens. “Literally all my friend.tech points are gone and I have 0 FRIEND to claim?” one Twitter user panicked. “I'm NOT selling my FRIEND airdrop (Cause I can't even claim it),” another said. CT trying to claim the $FRIEND airdrop pic.twitter.com/QzBaSrw7bL — L (@0xLawliette) May 3, 2024 Friend.tech…

AltcoinsMay 22

'Dr. Wright lied to the court extensively and repeatedly' as final written judgment released

The full written judgment in Dr. Craig Wright vs. COPA was released this morning, May 20, including damning indictments of Dr. Wright’s actions during the trial. “Dr Wright lied to the Court extensively and repeatedly. Most of his lies related to the documents he had forged which purported to support his claim. All his lies and forged documents were in support of his biggest lie: his claim to be Satoshi Nakamoto” The judge identified numerous instances where Dr. Wright forged documents to support his claim of being Satoshi Nakamoto, the pseudonymous creator of Bitcoin. According to the judgment, Dr. Wright’s…

LegalMay 22

Range to transform IBC into becoming the safest DeFi ecosystem

Range intends to transform IBC and the interchain into becoming the safest DeFi ecosystem, for which forming connections with Osmosis and Stride are on the anvil. Together, they will develop risk tools like the IBC dashboard and enhance the forthcoming IBC rate limits v2 deliverance. The idea to hone in on this is because it is the greatest decentralized service for improving the safety factors related to the interchain. Bridges are the most vulnerable in crypto, responsible for over $3 billion in losses. Many bridges take care of big TVL and come with complicated codebases, attracting the interest of fraudsters.…

BlockchainMay 22

Potential impacts on crypto market dynamics

With just two days remaining until the fourth Bitcoin (BTC) halving, set to occur at block height 840,000 on April 19, the cryptocurrency community is on the edge of its seat. This upcoming event will halve the mining rewards from 6.25 to 3.125 BTC per block, marking a major milestone for the digital currency. This event is expected to significantly impact market dynamics, drawing parallels to previous events that have led to major price movements and further reinforced Bitcoin’s principles of scarcity and decentralized security. Anticipated market reactions Historically, each halving has led to a marked increase in Bitcoin’s price,…

BitcoinMay 22

Ethereum (ETH) Nears Key Breakout, Eyes $4,000 Target

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is on the verge of a significant breakout, according to prominent crypto analyst Jelle. In a recent tweet, Jelle highlighted a potentially bullish setup for Ethereum, noting that ETH was close to breaking out from a falling wedge. The analyst mentioned that after reclaiming the 100-day Exponential Moving Average (EMA), ETH only needed a little push to break out from the multi-month continuation pattern, with a target of over $4,000. The falling wedge pattern, a technical analysis tool, is typically seen as a bullish indicator, suggesting that a significant price movement could…

EthereumMay 22

MOCA Foundation Celebrates Successful Completion of $29.3 Million MOCA Token Launch

The MOCA Foundation has reported the successful completion of the MOCA Token Launch by officially staking the US$29.3 million pre-deposited. This number is an excellent result as it represents an oversubscription of 12 times the original target. The MOCA Token Launch took place on MocaList, which is Mocaverse’s inventive co-branded token launchpad and CoinList. .@MOCAFoundation, the community-owned cultural foundation and steward of $MOCA, announced today the conclusion of the MOCA Token Launch, with total pre-deposited funds of US$29.3 million, representing a 12x oversubscription. Details: https://t.co/dYYjkt0oA1. pic.twitter.com/Z1MVK17mDg — Animoca Brands (@animocabrands) May 3, 2024 MOCA Token Launch Exceeds $5 Million Goal…

AltcoinsMay 22

Zero1 Labs Joins Forces with Oasis to Enhance Web3 and AI Privacy

Zero1 Labs, renowned for fostering high-quality technical teams in the AI space, has announced a strategic partnership with Oasis, a leading Layer 1 blockchain specializing in scalability and confidential compute. This alliance aims to strengthen the foundations of Web3, Privacy, and AI by merging Zero1’s advanced Decentralized AI (DeAI) solutions with Oasis’s innovative privacy technologies. Zero1 Labs is a community-focused DeAI ecosystem that supports projects enrolled in the Zero Construct Program (ZCP), ensuring a successful market launch. The mission of Zero1 Labs is to empower developers and innovators by providing the tools, resources, and support needed for AI talent to…

BlockchainMay 22

Investor Nic Carter Sees Bitcoin ‘Undeniably’ Soaring to $100,000, Says Debt Crisis Will Drive People to BTC

Castle Island Ventures founding partner and Coin Metrics co-founder Nic Carter still predicts Bitcoin (BTC) hitting six figures this year amid a looming debt crisis. In a new Kitco News interview, Carter says that despite the recent market pullback, Bitcoin “undeniably” could reach $100,000 in 2024. “On the first of the year, I think Bitcoin was trading in the $30,000 range, maybe $40,000. I forecasted $80,000 at some point this year. We were very close to hitting that just recently. $100,000 would certainly not be out of the question this year.” Asked if $100,000 remains his price target in 2024,…

BitcoinMay 22