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 crypto exchange returns to profitability from 2023

Bitpanda, European crypto exchange, has announced its financial results for 2023, marking a return to profitability after a year of significant investments. After heavily investing in the company in 2022, Bitpanda has seen impressive growth in 2023 and expects further growth in the first quarter of 2024. Revenue and profit growth for the crypto exchange Bitpanda Successful strategies and new products Bitpanda: A solid and scalable infrastructure for crypto exchange Market expansion and diversification Efficient management and future perspectives Conclusion Revenue and profit growth for the crypto exchange Bitpanda In 2023, Bitpanda recorded net revenues of €147.6 million, with pre-tax…

ExchangesMay 18

Miners signal evolving focus after the halving

Bitcoin miners have spoken after the halving. Many have said they are looking to wade deeper into the high-performance computing (HPC) space in a world of lower BTC rewards. HPC proved an oft-heard acronym out of the mouths of industry executives in recent weeks as the segment’s companies reported first-quarter results — and more importantly, detailed future growth strategies. Sure, miners continue looking to improve efficiency and reduce costs via upgrading hardware and mining algorithms, noted BlocksBridge Consulting founder Nishant Sharma. But the per-block rewards drop from 6.25 BTC to 3.125 BTC on April 19 has kept companies focused on…

MiningMay 18

SHIB Introduces Major Upgrade for Welly Friends NFTs: Details

The NFT drop that was originally announced in 2022 as a way to support the growing Welly restaurant franchise in Europe just received an amazing facelift. Welly Friends NFT collection upgraded by SHIB: What’s new? SHIB, a unique conglomerate of decentralized finance (DeFi) cryptocurrencies, announced today the refreshing of the Welly Friends NFT Collection, a series of innovative NFTs supporting a popular restaurant and catering business in Italy. 1/8 Get ready for an exciting transformation! The refreshed @WellyFriends collection is now live. We’re bringing you a fresh and vibrant update! pic.twitter.com/U6iVezGoQE — Shib (@Shibtoken) May 16, 2024 While preparing a…

NFTMay 18

PayPal Stablecoin PYUSD Joins BVNK Cryptocurrency Payments Ecosystem

BVNK, a payment infrastructure provider, announced the integration of the PayPal USD (PYUSD) stablecoin issued by Paxos Trust Company into its payment system. This move allows businesses to access PYUSD on the BVNK platform, which supports a variety of digital and fiat currencies. Additionally, as an approved member of the PYUSD ecosystem, BVNK can directly mint and burn PYUSD tokens for clients, the company said in a press release. Chris HARMSE, BVNK co-founder and VP of Commercial Strategy, stated: “We’re building modern payment infrastructure to enable more businesses to operate across banks and blockchains and maximize financial flexibility. Stablecoins make…

ExchangesMay 17

Miners Eye Middle East as Next Region for Growth

The Biden Administration's proposed 30% tax on electricity use for digital asset mining operations is raising concerns among crypto miners that they could be priced out of operating in the U.S. market communities. Crypto miners in the United States represent over 29% of the total nodes on the Bitcoin network. But that percentage may fall if costs increase and other locations become more attractive. One emerging option is the Middle East region, where taxes tend to be lower, energy is often bountiful, and environmental regulation is generally less onerous. The Oman government has invested more than $800 million in crypto-mining…

MiningMay 17

Shiba Inu Says Get Ready for an Exciting Transformation

The Shiba Inu ecosystem team teases an “exciting transformation” involving the NFT project from its long-term partner Welly Friends. The team disclosed this in a recent post on X, spotlighting the NFT update dubbed Horizon Expands. This update, which breathes new life into the Welly Friends NFT collection, will feature hand-drawn art that replaces the previous 3D renderings. In the announcement, the Shiba Inu ecosystem team called attention to revelations made by the team behind Welly Friends in an X Spaces session. Details suggest an artistic reimagining of every Welly Friend NFT. 1/8 Get ready for an exciting transformation! The…

NFTMay 17

Ethereum (ETH) Major Metric Signals Huge Rebound, Says Analyst

Ethereum (ETH) is on the brink of a substantial recovery, as indicated by prominent crypto analyst Ali Martinez. The analyst’s recent tweet has sent ripples across the digital asset sphere, highlighting a crucial technical indicator that suggests ETH's potential for a notable price upswing. Renowned for his keen observations within the crypto market, Martinez took to X to explain that the TD Sequential of ETH has revealed a buy signal on the daily chart. He noted that this crucial signal indicates the potential for the Ethereum price to experience a rebound spanning one to four candlesticks. The TD Sequential presents…

EthereumMay 17

Are Foreign Cryptocurrency Exchanges Banned in Turkey? Should Investors Withdraw Their Money?

After the AK Party announced the cryptocurrency bill, investors who kept their investments in global stock exchanges felt uneasy with the statement that “foreign stock exchanges are being banned.” So are foreign exchanges really banned? Should investors holding crypto assets on foreign exchanges withdraw their money? According to the proposal announced by AK Party Group Chairman Abdullah Güler, a licensing system is being introduced for crypto asset exchanges in our country, as in the USA and many European countries. Foreign exchanges that operate abroad and have not yet established a company in Turkey will be able to operate in our…

ExchangesMay 17

Bitcoin Primed To Skyrocket by up to 219%, Predicts Hedge Fund Veteran Anthony Scaramucci – Here’s the Timeline

SkyBridge Capital founder Anthony Scaramucci says Bitcoin (BTC) is on track to soar more than 200% within 12 months. In a new interview on CNBC Squawk Box, the hedge fund veteran says that the expected continual adoption of Bitcoin will keep driving the value higher and reduce price volatility. “I wish I could understand the price moves myself. Where I’m coming from is a little bit of longer-term as opposed to just the week-to-week or day-to-day price movements. I think the point I’m trying to make is that Bitcoin is on that adoption curve. If you go back to Web…

BitcoinMay 17

Velar and Bitlayer Partner to Launch World’s First Bitcoin-Based PerpDex

In a groundbreaking development for decentralized finance (DeFi) on the Bitcoin blockchain, Velar, a leading Bitcoin DeFi innovator, has announced a strategic partnership with Bitlayer. Together, they are launching Velar Artha, the world’s first Perpetual Decentralized Exchange (PerpDex) on Bitlayer’s EVM-compatible Bitcoin Layer 2. This pioneering PerpDex will enable the trading of a variety of assets through perpetual contracts directly on the Bitcoin blockchain, bringing unprecedented opportunities for traders. The new platform ensures the highest levels of security and full decentralization for all transactions, leveraging Bitcoin’s robust infrastructure. A New Era for Bitcoin DeFi The partnership marks Velar’s first venture…

DeFiMay 17