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.

Here is Expected Timeline for XRP to Reach $104

Changelly researchers argued for XRP’s potential to attain the $104 value before the next two decades. XRP experienced a slight price increase of 3% during the recent mini-bull trend, marking a recovery phase from the earlier downturn. As a result, the seventh-largest crypto is up by 13% in its one-year trajectory. In contrast, closest rivals like Bitcoin, Solana, and Dogecoin wield over 100% gains through the same period. Moreover, at a market value of $0.53, XRP trades at the price levels it sold for precisely six years ago in 2018. Regardless of XRP’s weakness in orchestrating a commendable price surge,…

AltcoinsMay 19

South Korean Tax Body Liquidates Crypto Worth Over $800,000

The South Korean tax body, the National Tax Service (NTS), has announced it has liquidated previously frozen crypto worth more than $800,000. In a press conference held at its Seoul headquarters on May 14, the NTS exhibited some of the items it had seized in raids on “high-value” and “habitual” tax delinquents. South Korean Tax Body Liquidates Crypto as Crackdown Continues The NTS and its regional affiliates have been cracking down on tax dodgers who use crypto investments to hide their income in recent years. These crackdowns have yielded great success for the NTS and local tax bodies. They have…

LegalMay 19

Bitcoin (BTC) Price at Risk of Dropping to $52,000, Warns Analyst

As the much-anticipated Bitcoin (BTC) halving approaches, analysts are sounding the alarm on potential price drops. CryptoQuant, a leading cryptocurrency analytics platform, has warned that Bitcoin's price could plummet to $52,000 if certain key levels are breached. CryptoQuant highlighted growing uncertainty on the Bitcoin derivatives market. The platform pointed out that derivative traders are showing far more caution than in previous halving cycles. This caution is particularly notable as the market sees an influx of new institutional players. The caution among derivatives traders is reflected in the declining open interest and funding rates, as illustrated in the BTC chart. Open…

BitcoinMay 19

Ethereum drops below $3,000 again, spot ETH ETF sparks debate in crypto community

Evan Van Ness says that Ethereum spot ETFs may see approval despite lingering security status investigation. X user shares unique opinion that SEC may neither approve nor deny spot ETH ETFs. Ethereum investors still show uncertainty as they await fresh market outlook after ETH ETF decision. Ethereum again went below the $3,000 key level on Thursday after posting signs of a rally. The recent price action follows several predictions from the crypto community regarding the Securities & Exchange Commission's (SEC) decision on spot ETH ETFs next week. Read more: Ethereum shows slight bullish signs, SEC faces several hurdles in attempts…

EthereumMay 19

VeChain Powers Sustainable Payments in Europe Whilst Tokenizing Solar Energy with Latest Grant to SolarWise

Crypto analyst Egrag Crypto predicts $200 trillion total market cap growth in a decade. He then highlights altcoin VRA’s potential surge, reaching $0.2 to $0.40. Community engages in VRA discussions, anticipating multi-millionaire opportunities. VeChain continues to build and grow as it onboards many more sustainable projects onto its green blockchain network. The latest of these partnerships includes the onboarding of VeChain’s latest grant recipient, SolarWise. Happy to welcome @TheSolarWise as our latest grant recipient – a project tokenizing solar energy! They're helping advance UN SDGs through clean energy, blockchain and #NFT tech.#BUIDL $VEThttps://t.co/hDgKmcCqCC — vechain (@vechainofficial) May 4, 2024 In…

AltcoinsMay 19

Top Lawyer Explains How SEC Wants to Make XRP Institutional Buyers Richer in Ripple Case

As Ripple and the SEC anticipate the court’s ruling on remedies, Attorney Murphy identifies the “crazy” part of the SEC’s demand for disgorgement in the lawsuit. Prominent legal expert James “MetaLawMan” Murphy has provided fresh insights into the SEC v. Ripple lawsuit, especially the regulator’s demand for disgorgement. In the context of securities regulations, disgorgement entails surrendering all ill-gotten gains obtained through unlawful activities. Recall that in the SEC’s opening remedies-related brief, the regulator asked the court to impose a nearly $2 billion penalty against Ripple following its violation of federal securities laws. The $2 billion fine the SEC seeks…

LegalMay 19

Transaction Fees Soar on Bitcoin Network as Network Braces for Halving

According to recent data, bitcoin transaction fees have significantly increased since the first week of April. Metrics show that the average fee has escalated to 133 satoshis per virtual byte or $19.48 per transaction. Bitcoin Fees Climb Steadily as Runes Protocol Launch Nears The cost of sending bitcoin (BTC) onchain is climbing, with the halving expected after another 229 blocks are mined. As of April 18, 2024, approximately 164,000 transactions or 220 blocks worth of transfers are pending confirmation. There has been an increase in transaction activity since April 4, and from April 7 onward, there have consistently been more…

BitcoinMay 19

Ethereum (ETH) Finally Breaks Crucial $3,000 Resistance, What Comes Next?

After one very long ride, Ethereum (ETH) has finally breached the psychologically important $3,000 price mark. While this calls for celebration, investors are advised to exercise caution as headwinds lie ahead. Ethereum market headwind not cleared Despite its strong correlation with Bitcoin, Ethereum’s price outlook in this current bull cycle has been somewhat disappointing. While Bitcoin soared to its all-time high (ATH) and set a new one above $73,000, Ethereum traded above 40% below its ATH. The $3,000 price level has been a major bane for Ethereum over the past month. From at least April 17, Ethereum has made at…

EthereumMay 19

Why MakerDAO Has Sold $31.20 Million in MKR in Two Months

MakerDAO has recently executed substantial sales of its governance token, MKR. According to the on-chain analytical platform Spot On Chain, MakerDAO’s Multisign 0xbba deposited a significant 750 MKR, valued at $2.19 million, to Binance. This transaction happened through a middle wallet – 0x1cc at a price of $2,920. This action is part of a broader trend that has garnered attention within the industry. Price Impact on MKR Spot On Chain observed that since its resurgence on March 18, 2024, the multisign has consistently deposited MKR tokens. The deposits total a staggering 11,993 MKR, valued at $31.18 million at an average…

AltcoinsMay 19

Stablecoin Issuer Circle Plans US Transition for Legal Operations, Leaving Ireland Base

Stablecoin issuer Circle plans to relocate its legal base from the Republic of Ireland to the US. Bloomberg reported on Wednesday that the company recently filed court paperwork to re-domicile. This follows Circle submitting plans for an initial public offering to the US securities regulator in January. “The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions,” Circle said at the time. Circle Heads for US Shores, Leaving Ireland’s Tax Perks Behind Choosing the US as its new home could mean Circle faces a higher tax burden, according…

LegalMay 19