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.

Could $4,000 Be The Next Move?

Ethereum, the second-largest cryptocurrency by market capitalization, is currently poised at a crucial juncture, with a prediction of a potential breakout. Prominent crypto analyst Jelle recently pointed out that Ethereum is nearing the end of a falling wedge pattern, a situation often interpreted as a bullish signal in technical analysis. This consolidation period, often called accumulation, may be largely due to market participants awaiting the upcoming decision from the US Securities and Exchange Commission (SEC) on the approval of the much-anticipated spot Ethereum ETF. With this critical announcement expected later in the week, buyers and sellers appear to be in…

EthereumMay 21

Hong Kong Launches First Crypto-Asset Tax Reporting Software

Hong Kong’s first crypto-asset tax reporting software, FinTax was launched today. The software will help in calculating crypto-asset salary tax and profits tax. Hong Kong has witnessed numerous advancements in the digital assets sector these past few weeks. Notably today, TaxDAO, a Web3 Finance and Tax organisation launched the first crypto-asset tax reporting software earlier today. The software formerly named Intax was upgraded to FinTax and began seed funding today. With the launch of e-CNY wallets last week, and the approval of BTC and ETH Spot ETFs, the capital has been leading China into the world of digital assets. The…

RegulationMay 21

Manta Pacific Unveils Comprehensive AI Suite with Industry Giants

Manta Network has joined forces with Celestia, ORA, and Hyperbolic to introduce a comprehensive suite of AI tools at Manta Pacific. This collaboration aims to encompass the entire AI development lifecycle, including training, deployment, and inference. The initiative is set to leverage Universal Circuits enhanced with Manta AI, backed by Hyperbolic’s DePIN infrastructure for decentralized GPU access, and ORA’s innovative AI oracle. 🚀 @OraProtocol's On-chain AI Oracle (OAO) is live on #MantaPacific, enabling scalable and verifiable AI inference on the network! Developers can now use OAO to build LLM-powered on-chain applications. Dive in 👇 https://t.co/nglVDfeGdS — Manta Network (🔱,🔱) #MantaRenewParadigm…

AltcoinsMay 21

Shiba Inu Trading Goes Live on This British Virgin Islands Exchange

Backpack, a British Virgin Islands-regulated crypto exchange and wallet provider, says Shiba Inu (SHIB) trading is now live on its platform. The exchange made the announcement in a tweet today, stating that trading for the canine-themed token has gone live. Trading is live for $SHIB — https://t.co/uqi9xnDDn0 Dog token fun pic.twitter.com/JJAmf0f1vC — Backpack 🎒 (@Backpack) May 20, 2024 Notably, Backpack paired Shiba Inu against Circle stablecoin (USDC), as trading commenced today at exactly 10:00 AM (UTC). Although Shiba Inu trading has commenced on Backpack, the exchange did not disclose whether it has enabled deposit and withdrawal services for SHIB. Backpack…

ExchangesMay 21

Here’s When You Should Buy The Dip, Analyst Maps Entry Points

Analyst Crypto Banter, in his latest analysis, discussed the recent market trend. He said that usually, after a period of decline, there’s a pre-halving dump, sometimes occurring shortly after the halving event within approximately two months or eight weeks. Choppy price movements and shakeouts characterize this phase. Analyzing the Pre-Halving Dump As for whether the dip has ended or is nearing its conclusion, he said that recent data regarding Tether minting another billion dollars worth of tokens suggests a potential turnaround. Historical data shows that such injections into the market often coincide with significant market bottoms. This pattern is especially…

BitcoinMay 21

Bloomberg analysts revise ETH ETF approval odds to 75% amid rumors of SEC flip

The SEC has asked spot Ethereum ETF applicants to update their 19-b4 filings, leading to greater optimism around potential approvals, according to sources. Bloomberg ETF analyst Eric Balchunas said on May 20 that the SEC could reverse its expected stance and choose not to deny the pending applications. He cited ETF Store President Nate Geraci, who claimed the SEC could approve 19-b4 exchange listing rules while postponing its decision on S-1 registration statements. James Seyffart added that he and Balchunas had heard from multiple sources and that several new filings should emerge in the coming days. FOX Business reporter Eleanor…

EthereumMay 21

LayerZero CEO Bryan Pellegrino's Investment Portfolio Revealed! Here are the Projects the CEO Invested in!

Bryan Pellegrino, CEO of LayerZero, attracted attention with his diverse investment portfolio, which includes many promising projects in the cryptocurrency and blockchain space. LayerZero CEO Bryan Pellegrino's Investment Portfolio Attracts Interest Its investments cover a range of innovative projects including Monad, SkyArk Chronicles, Pudgy Penguins, Shogun, Superform, Blockus, Crypto Rogue Games, Integral and Fantasy Top. The revelation of Pellegrino's investment interests created curiosity and controversy within the crypto community, particularly regarding LayerZero's anti-Sybil plans. Sybil attacks, where a single entity creates multiple identities to manipulate a network or gain unfair influence, are a significant concern in decentralized ecosystems. LayerZero's attempt…

RegulationMay 21

Sui (SUI) Pioneers the Web3 Revolution

As Sui celebrates its first anniversary, the blockchain network reflects on a year of unprecedented growth and technological innovation. The network’s achievements have positioned it at the forefront of the Web3 revolution. Sui’s novel programming language, Move, has introduced a new architecture centered around objects, enabling performance and functionality that was simply not available on existing blockchains. In its first year, Sui has not experienced a single minute of downtime or instance of degraded performance. The network has achieved lightning-fast transaction speeds, massive scale, record-setting Mainnet performance, and extremely low fees. Sui’s first year of operation has seen it rise…

AltcoinsMay 21

Bitget Announces Vechain Listing with $37,750 in Rewards

Bitget announces the listing of VeChain (VET) with $37,750 in promotions, available for trading on May 21, 2024. Bitget has confirmed the listing of VeChain (VET) on its platform, generating excitement among the community, particularly on social media platform X. This development presents new opportunities for traders and investors, accompanied by promotional activities amounting to $37,750 worth of VET. The new listing will be available for trading on May 21, 2024, at 11:00 AM (UTC), with deposits already open. New Listing – $VET @vechainofficial #Bitget will list VET/USDT with $37,750 worth of VET up for grabs! #VETlistBitget 🔹Deposit: opened 🔹Trading…

ExchangesMay 21

Top Reasons Why Bitcoin Price is Down Today

Bitcoin’s price has been dropping rapidly due to the increasing geopolitical conflict in the Middle East. At the same time, the U.S. economy has proven to be resilient, and this has caused an increase in bets on higher interest rates. This has reduced the market’s risk appetite, further hurting Bitcoin. The Bitcoin Halving 2024 is just two days away, and there is much speculation about whether the BTC price will crash once again or make a sharp rebound. Here are the top factors contributing to the current market sentiment Assessing the Reasons Behind the Dip The ongoing geopolitical tension is…

BitcoinMay 21