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.

Pyth Price Feeds Revolutionize Data Access on Xion Blockchain

In a groundbreaking move towards mainstream adoption of blockchain technology, Pyth Price Feeds have been officially launched on Xion, heralding a new era of decentralized consumer applications. Xion, known for its commitment to simplifying user interactions and abstracting the complexities of blockchain technology, has joined forces with Pyth, the leading provider of real-time market data, to empower developers with access to over 500 high-quality price feeds. The integration of Pyth’s oracle onto the Xion blockchain represents a significant milestone in the evolution of decentralized finance (DeFi) and consumer applications. With Pyth’s extensive network of price feeds covering traditional and digital…

BlockchainMay 17

Ancient Bitcoin Whales Register 223% Profit One Day Prior Halving

In a recent report by Ki Young Ju, CEO of CryptoQuant, it has been revealed that longstanding Bitcoin holders, often referred to as "ancient whales", have witnessed a remarkable surge in profits, amounting to an impressive 223%. This significant uptick in profitability comes at a crucial moment, with Bitcoin poised to undergo its scheduled halving event in less than 24 hours. On the one hand, it might seem that ancient whales holding a large amount of Bitcoin with such profits poses the risk that they will want to go to cache sooner. However, it's likely that it's the short-term holders…

BitcoinMay 17

A Trump Victory Will Trigger a Bitcoin 'Space Race'

David Bailey, CEO of Bitcoin Magazine and crypto aide for the Trump campaign, believes that Trump’s victory in the upcoming election could trigger a bitcoin ‘space race,’ as countries rush to accommodate their policies to align with the U.S. Bailey also stated that they have secured several 7-figure commitments for Trump’s pro-crypto $100 million war chest. Bitcoin Magazine CEO Heralds New Bitcoin ‘Space Race’ Age With Hypothetical Trump’s Victory Bitcoin has become a relevant factor in the U.S. elections. David Bailey, the CEO of Bitcoin Magazine and aide of the crypto policies for the Trump campaign, believes that a hypothetical…

RegulationMay 17

Leading Institution Nexo Affirms Shiba Inu Listing with Educational Notes

Nexo, a prominent institution for regulated digital assets, has reaffirmed its inclusion of Shiba Inu on its platform with an exploratory analysis of SHIB. In an update on X earlier today, Nexo reiterated its support of Shiba Inu and provided users with an in-depth analysis of the project. Shiba Inu Now a Powerful Symbol of Strength The firm pointed out that Shiba Inu debuted in August 2020 as a joke meme coin. However, Nexo observed that over its almost four-year trajectory, SHIB has transformed into a powerful symbol of communal strength. .@Shibtoken's $SHIB is live on Nexo! Let's explore. ⬇️…

AltcoinsMay 17

MMO Combat Game MetalCore Joins $2.4 Billion Universal Gaming Ecosystem Portal

MetalCore, a free-to-play massive multiplayer online (MMO) combat game led by former developers from Activision, Disney, Lucasfilm, and Midway, has announced a partnership with the universal gaming ecosystem Portal. Studio369, the game development company behind the blockchain-powered PvP shooter, said that Portal is a cross-chain gaming access point that enables users “to consolidate all of their Web3 games, digital assets, and user accounts into a single, easily accessible location.” MetalCore and Portal Focus on Eliminating Onboarding Barriers The Web3 game industry is gaining popularity. However, Studio369 argues, the blockchain onboarding experience still has two major pain points: it’s complex and…

GameFiMay 17

Miner Hut 8’s Bitcoin Stack Gives it Capital to Pursue Upcoming Projects, Upgrade to Buy: Craig-Hallum

Hut 8 owns more than 9,100 bitcoin giving it a large amount of capital for future projects, the report said. Craig-Hallum upgraded the stock to buy from hold with an unchanged $12 price target. The broker said the company’s pipeline includes bitcoin mining as well as HPC and AI opportunities. Bitcoin miner Hut 8’s (HUT) stack of more than 9,100 coins gives it substantial capital to pursue upcoming projects, broker Craig-Hallum said in a research report upgrading the stock to buy. The company’s bitcoin stash is worth about 75% of its current market cap and “represents both a protective feature…

MiningMay 17

Mastercard and Standard Chartered Bank Hong Kong tests tokenised deposits

Mastercard (NYSE: MA) and Standard Chartered Bank Hong Kong (SCBHK) have successfully completed the first live test of tokenised deposits using blockchain technology within Hong Kong’s fintech sandbox. This initiative marks a significant step forward in exploring the potential of blockchain in revolutionising banking transactions and asset management. Tokenised deposits using Mastercard’s Multi-Token Network The successful execution of tokenized deposits highlights the growing synergy between traditional banking institutions and cutting-edge fintech solutions. Through the Mastercard Multi-Token Network (MTN), the live test transaction involved a Mox Bank client purchasing a carbon credit, which was then tokenized by SCBHK using Libeara, its…

BlockchainMay 16

Bitcoin ETF segment sees record-tying fifth straight day of outflows

Demand for spot bitcoin ETFs has slowed down in the days ahead of the BTC halving. The fund category collectively tallied net outflows for a fifth straight day on Thursday — albeit only slightly at about $4 million, according to Farside Investors data. The five-day net outflow total beginning on April 12 amounts to $319 million, reflecting an average of $64 million over the span. That peaked on Wednesday, when $165 million left the 11-fund sector. Such an outflow streak has happened just once before, with US spot bitcoin ETFs bleeding assets each day from March 18 to March 22.…

BitcoinMay 16

How Are Ordinals Changing How We View NFTs?

Launched in January 2023, the Ordinals Protocol opened the Bitcoin ecosystem up to the craziness of NFTs, enabling users to inscribe data – images, art, videos, and more – to individual Bitcoin denominations known as satoshis. The idea of bringing NFTs to the Bitcoin network might have seemed frivolous to some. Others, though, recognized the significance and heralded Ordinals as a shot in the arm for the Proof-of-Work blockchain. Strong as it was, the digital gold narrative would now be supported by another compelling use-case as bitcoin became more than a deflationary digital currency: now it could double as a…

NFTMay 16

Solana (SOL) Might Reclaim $160, But This Needs to Happen First

Solana (SOL) is fighting for survival in a visibly tense market. The drawdown in the market has suppressed SOL from breaking away from its psychologically important level of $160. At the time of writing, data from CoinMarketCap pegs the price of Solana at $155.53. Solana whale FUD not going away Solana has long been associated with whales moving large amounts of SOL in and out of exchanges. Notably, investors and retail traders do not know when the next major dumping will take place. This has generally kept Solana on the edge as HODLers do not want to get caught up…

AltcoinsMay 16