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.

Why It May Not Guarantee Price Surge

The Bitcoin halving, an important event written into the cryptocurrency's code, is two days away. This event, which occurs roughly every four years, reduces the rewards for Bitcoin miners by half. The cryptocurrency community is abuzz with anticipation ahead of the halving, especially given recent developments such as the approval of spot Bitcoin ETFs and improved crypto regulations. The 2024 halving is expected to have ripple effects throughout the entire financial system as retail investors gain exposure to Bitcoin through ETFs. This could result in increased crypto transactions, trading volume, investment, and speculation in the space, Finance Magnates reported. According…

BitcoinMay 21

Bullish Hopes Meet Rejection Fears

The fate of the much-anticipated Spot Ethereum (ETH) (ETF) hangs in the balance, with a decision by the SEC expected in three days. Cryptocurrency trader Crypto Rover, founder of CryptoSea, believes the market widely anticipates a rejection of the ETF. He suggests that this bearish sentiment may already be factored into current Ethereum prices. However, Crypto Rover argues that an approval could trigger a significant price increase for Ethereum. “In exactly 3 days we will have the Spot #Ethereum ETF decision. The consensus is that they will be denied, causing this bearish scenario to be already priced in. But in…

EthereumMay 21

LayerZero demands sybil airdrop farmers to self-report

LayerZero, a protocol enabling connections between incompatible blockchains, has given sybil airdrop farmers an opportunity to self-report their addresses by May 17 in exchange for a reduced token allocation. According to LayerZero, those who decide to come forward will receive 15% of their intended allocation, while those who do not are at risk of receiving “nothing” from the planned token airdrop. Sybil airdrop farming refers to an ostensibly deceptive practice where individuals engage in Sybil attacks by creating multiple fake identities or accounts to exploit airdrop programs. A Sybil attack is enacted when an individual creates numerous false accounts to…

AltcoinsMay 21

Bitcoin Exchange OKX Announced the Latest Project It Invested In!

Cryptocurrency exchange OKX announced the launch of Bitlayer, a pioneering Layer 2 solution that provides security equivalence for Bitcoin based on the innovative BitVM paradigm. Strategic Investment in Bitlayer from OKX Bitlayer aims to improve Bitcoin's transaction capabilities by championing cutting-edge technologies such as Taproot and BitVM. By leveraging the Discreet Log Contract (DLC) framework, Bitlayer enables it to manage a wide range of contingent financial applications with high security. This approach aims to pave the way for more efficient and secure transactions by addressing the scalability issues of the Bitcoin network. Over the past 15 years, Bitcoin has been…

ExchangesMay 21

Bitcoin’s most promising, least dramatic halving is almost here

We’re just days away from the next Bitcoin halving, and on-chain activity leading up to the event points to a cycle unlike any other. As public trust in Bitcoin surges, we’re seeing transaction volumes surpass previous cycles and more gradual but consistent price growth. This combination of record-high transactions and relative price stability suggests a milder halving event followed by a more sustained growth cycle in the coming months. Record-high transactions The industry has experienced a sustained increase in BTC transactions leading up to every consecutive halving, with 2024 seeing the highest daily transaction volume and more extreme spikes in…

BitcoinMay 21

Vitalik Buterin Shares Rare Ethereum (ETH) Roadmap Update

Vitalik Buterin, creator of Ethereum, recently provided an update on the ETH roadmap, detailing significant progress and upcoming developments for the blockchain network. This follows the recent Dencun upgrade, implemented on March 13, which aims to reduce costs for layer-2 transactions and improve data availability. The Dencun upgrade introduced proto-danksharding, also known as EIP-4844, which allows for the inclusion of data "blobs" in blocks. This upgrade marks a substantial improvement in network efficiency, building on the previous successes of the Merge and Shanghai upgrades. The next in line are The Verge and The Purge upgrades. The first will see the…

EthereumMay 21

Most Dogecoin Holders Didn't Buy the Elon Musk Top

Elon Musk’s favorite cryptocurrency is far, far away from an all-time high price of $0.73 set in 2021. But for a majority of Dogecoin holders, there’s little reason to tuck their tail in between their legs. Some 77% of Dogecoin (DOGE) holders are in the money—meaning the cryptocurrency’s price is above what it was relative to when people bought it—according to IntoTheBlock. With 21% of Dogecoin holders posting paper losses, that leaves a 2% sliver of holders at breakeven. The original meme coin with a market capitalization of $20 billion was created in 2013 as a joke, but it has…

AltcoinsMay 21

Solana DEXs Surge to 210 Million Transactions, Outperforming Rivals

Decentralized exchanges (DEXs) on the Solana blockchain have outperformed those on other networks, recording 210 million transactions over the past 30 days. This performance reflects Solana’s increasing role in the decentralized finance (DeFi) ecosystem and its capacity to efficiently handle a high volume of transactions. What Drives Solana’s Success in DEX Transactions? Data from the Dune dashboard shows that Solana’s DEXs have significantly outperformed 15 other layer-1 (L1) and layer-2 (L2) blockchains. These include Ethereum, BNB Chain, and Arbitrum. Solana’s 210 million transactions over the past 30 days place it far ahead of its nearest competitors. BNB Chain recorded 29…

ExchangesMay 21

Russian Crypto Mining Sector Could Grow ‘by 20-40%’ in 2024 – Report

The Russian crypto mining industry could grow “by between 20% and 40%” in 2024, a new report has claimed. Per the media outlet Overclockers, the claims came from industry insiders in a report from BitRiver. The latter is Russia’s biggest crypto mining player. The firm is one of the driving forces behind a recent legislative push that could result in the “legalization” of the sector. Russian Crypto Mining Industry ‘Continues to Grow’ In the report, analysts claimed that the “low cost of electricity” and “the absence of strict regulation by the authorities” were resulting in “good growth dynamics” for crypto…

MiningMay 21

How Will BTC Price React to Bitcoin Halving on Saturday? Here is the Comment

The upcoming Bitcoin halving could potentially be a “buy the rumor, sell the news” event, according to Rikke Staer, CEO of cryptocurrency payments solution provider Coinify. Staer suggested that more sophisticated market participants and institutional investors this market cycle could lead to a 'buy the rumor, sell the news' case for the upcoming Bitcoin halving. The halving event, which cuts mining rewards in half, could make less efficient mining operations unprofitable. “These miners may be forced to sell their existing Bitcoin holdings to cover electricity costs, equipment maintenance, and other operational expenses,” Staer said. The Coinify CEO also warned that…

BitcoinMay 21