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Author: 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.

Meme Coins Named After Countries See Explosive Growth As Olympic Games Approach

Recently, a new niche has emerged among memecoin traders: coins named after countries. In anticipation of the Olympic Games in Paris in July, investors are betting that the event will boost the prices of various country tokens. A dashboard created by the X user identified as The Nouner is tracking 47 different country coins, which registered a trading volume of almost $18 million in the last 24 hours, and have a shared total market cap of nearly $110 million. American Coin (USA) has a valuation close to $83 million, which is the largest market capitalization of all. According to DEX…

Altcoins

Founder Institute partners with Polkadot for Startup Acceleration

Founder Institute has announced its partnership with the Polkadot ecosystem. The strategic collaboration between the two companies will launch the first Web 3.0 Cohort in the Founder Institute’s Core Program. The partnership aims to improve Web 3.0 technology education and provide Web 3.0 startup founders with startup acceleration programs. 🚀Announcing a Strategic Collaboration between Founder Institute and @Polkadot!🚀 We are thrilled to announce a groundbreaking collaboration between the Founder Institute (FI) and the @Polkadot ecosystem. This collaboration marks the beginning of an exciting chapter as we launch… pic.twitter.com/BYJBgNtOn0 — Founder Institute (@founding) May 14, 2024 The partnership between the two…

Blockchain

How Are Whales Reacting to the Upcoming Event?

As the Bitcoin (BTC) community anticipates the upcoming halving event, cryptocurrency whale behavior – investors holding large amounts of Bitcoin – has been intensely scrutinized. Analysts and market observers are keen to understand how these major players are positioning themselves ahead of a milestone that historically impacts Bitcoin’s price and market dynamics. Despite Bearish Conditions, Whales are Buying Recent data from blockchain analytics platforms like CryptoQuant and Santiment reveals a notable shift in whale activity. According to a tweet from CryptoQuant, there has been an increase in Bitcoin accumulation by whales, suggesting a bullish outlook from those anticipating the supply…

Bitcoin

Coinbase Shares Sink 9% on Report CME to Consider Listing Spot Bitcoin

Shares of Coinbase fell nearly 8% on Thursday to a price of $202.49. The drop came after a report from the Financial Times that futures exchange CME was considering offering spot bitcoin trading to its clients. Shares of Coinbase dropped nearly 8% to $202.49 during U.S. morning hours on Thursday after a Financial Times report that the Chicago Mercantile Exchange (CME) might soon offer spot bitcoin trading amid strong interest from clients. Cryptocurrencies were up on the day. The CoinDesk 20 Index, which tracks 20 of the largest digital tokens by market capitalization, is 0.91% higher over the past 24…

Regulation

Over $53 Million in Chainlink (LINK) Shifts Hands: Details

Whale Alert, an X account known for tracking large transactions on the blockchain, has reported a significant movement of Chainlink (LINK) tokens. According to its tweet, a staggering 3.7 million LINK tokens, equivalent to over $53 million at current market prices, were transferred from an unknown wallet to another unknown wallet. While such large-scale transfers are not uncommon in the world of cryptocurrencies, they often spark curiosity and speculation among traders and enthusiasts alike. In this instance, the reasons behind this massive transfer remain shrouded in mystery, leaving analysts to speculate on potential implications for the LINK ecosystem. One potential…

Altcoins

Redefining the Gaming Frontier with Layer 3 Arbitrum Orbit Chain

The XR Foundation, in collaboration with Saltwater Games, unveils its latest milestone: the launch of XR One, a gaming-dedicated blockchain platform poised to revolutionize the gaming industry. Powered by its native $XR token and fueled by the innovative Layer 3 Orbit chain co-developed by the Saltwater.Labs team, XR One represents a monumental leap forward in gaming technology. — The genesis of XR One is marked by collaboration and innovation. With grant funding from the Arbitrum Foundation, Saltwater Games has spearheaded the development of the Layer 3 Orbit chain, harnessing the scalability and flexibility of emerging Web3 technologies. This strategic partnership…

Blockchain

Supply to Drop to 3.125 BTC Today

Today marks a significant event as Bitcoin experiences its fourth scheduled halving. This event, also known as the halving, occurs approximately every four years and has far-reaching implications for the Bitcoin ecosystem. As Bitcoin Magazine prepares for a halving livestream, powered by Kraken, to commemorate this event, it's crucial to understand what the halving is and why it's so important. What is the Bitcoin Halving? The Bitcoin halving refers to the process by which the reward for mining new blocks on the Bitcoin blockchain is reduced by half. This reduction occurs approximately every 210,000 blocks, or roughly every four years.…

Bitcoin

GameStop Bull Roaring Kitty Is the 'Nihilist’s Warren Buffett', Says Hedge Fund Founder

Roaring Kitty became a cult figure amid the 2021 GameStop short squeeze meme stock saga. Now, the position he holds in financial culture isn’t too dissimilar from that of iconic investor Warren Buffett, one hedge fund founding partner believes. The 93-year-old CEO of Berkshire Hathaway is leading a tribe of “older-generation boomers” who believe in reasonable price-to-earnings ratios, said Statos founding partner Rennick Palley. But the 37-year-old Keith Gill—known as RoaringKitty on Twitter, or DeepFuckingValue on Reddit—is leading a younger generation of millennials and zoomers with a distinctly different investing ethos, the hedge fund partner told Decrypt. “The only way…

Regulation

RD Technologies partners with Chainlink for secure HKD stablecoin transfers

RD Technologies, a leading blockchain solutions provider, has partnered strategically with Chainlink, the industry-standard decentralized oracle network, to facilitate secure and reliable cross-chain transfers of the Hong Kong Dollar (HKD) stablecoin. This integration marks a significant milestone in enhancing interoperability and accessibility within the cryptocurrency ecosystem, paving the way for seamless transactions across different blockchain networks. HKDR is a dependable and open stablecoin for payments and other uses, backed 1:1 by the Hong Kong dollar. To investigate the use of HKDR in B2B cross-border payments, virtual asset exchanges, and tokenized real-world asset settlement, RD Technologies has currently signed agreements with…

Altcoins

Bitcoin Miners Face Significantly Reduced Earnings in May Despite Bitcoin Price Rise

According to the seven-day simple moving average (SMA) statistics regarding Bitcoin’s hashrate, the network hashrate has stayed below the 600 exahash per second (EH/s) mark for approximately one week. The recent rise in bitcoin’s price has positively influenced the overall hashprice as the value of 1 petahash per second (PH/s) daily has climbed above the $50 mark. Bitcoin Hashrate and Miner Earnings Slide: Navigating May’s Challenges Bitcoin’s hashrate represents the computational power dedicated to securing BTC blocks on the network, rewarding bitcoin miners with 3.125 BTC and the fees tied to the particular block they uncover. The seven-day SMA from…

Mining