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.

Why FTX is different from other crypto bankruptcies

FTX is nearing the end of its bankruptcy proceedings almost two years after initiating the process. This comes just a few months after its founder, Sam Bankman-Fried, was sentenced to 25 years in prison. The former crypto exchange is just one of a handful of crypto bankruptcies throughout 2022. With the creditor payback plan revealed last week, FTX looks like it’s getting close to the finish line, joining the likes of other crypto bankruptcies like Celsius. Celsius, which exited bankruptcy back in January, was able to return roughly $3 billion to creditors. The bankruptcy plan, approved by creditors, sought to…

ExchangesMay 16

Somnia Revolutionizes Web3 Exploration with the Launch of Metaverse Browser

In a significant stride towards mainstream adoption of the Metaverse, Somnia, a leading layer1 blockchain and Metaverse protocol, has unveiled its highly anticipated Metaverse Browser. The browser, a pioneering innovation in the realm of Web3 technology, aims to simplify onboarding processes and democratize access to the Metaverse for users worldwide, fostering an era of limitless exploration and creation. The Somnia Metaverse Browser serves as a pivotal gateway to the virtual universe, offering users an intuitive and user-friendly interface to seamlessly delve into the vast expanse of the Metaverse. From interactive gaming experiences to immersive applications, the browser provides a one-stop…

MetaverseMay 16

Single Bitcoin transaction just cost $17,468 as halving nears

Quick Take As the highly anticipated Bitcoin halving draws near with just over 70 blocks remaining, and with the launch of Runes expected to go live on block 840,000, the Bitcoin market is witnessing a significant shift in transaction fees. CryptoSlate has extensively covered the gradual increase in Bitcoin fees throughout April, and according to Glassnode, for four consecutive days, Bitcoin fees have surpassed those of Ethereum. This dominance of Bitcoin fees was last observed during the period from December 2023 to January 2024, which lasted roughly 20 consecutive days. With the halving set to commence at block 840,000, the…

BitcoinMay 16

Louis Vuitton-Affiliated Château d’Esclans And BlockBar To Sell $22,000 NFT Rosé Barrel

Louis-Vuitton (LVMH) owned wine producer Château d’Esclans and spirits-focused blockchain marketplace BlockBar launched an NFT edition of the wine maker’s famed Garrus rosé on Monday. “Château d’Esclans is making history with the first-ever sale of a barrel of Garrus using our new innovative leaderboard technology, exclusively on BlockBar,” the wine and spirits NFT platform’s announcement read. “As the first rosé on BlockBar, this single barrel is presented to wine collectors and aficionados who have the opportunity to purchase a quarter barrel (equivalent to 150 L = 200 x 750ML bottles) of Garrus, Château d’Esclans 2023.” Château d’Esclans Launches NFT Garrus…

NFTMay 16

Can Ethereum Price Repeat Pattern and Start Fresh Surge To $3,200?

Ethereum price is attempting a recovery wave from the $2,865 support. ETH might start a fresh surge if it clears the $2,960 resistance zone. Ethereum remained stable and attempted a recovery wave above $2,900. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance at $2,930 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a major increase if there is a close above the $2,990 and $3,000 resistance levels. Ethereum Price Holds Support Ethereum price traded as low as $2,864…

EthereumMay 15

They Are Buying and Selling Altcoins

Large cryptocurrency whales have made large amounts of buying and selling transactions in recent hours. Here are the activities of whales. A fresh wallet identified as 0xc2f recently made a significant move by withdrawing 316,400 LINK tokens, equivalent to $4.51 million, from the popular cryptocurrency exchange Kraken. This wallet currently holds a total of 632.91 thousand LINK worth $9.03 million. In another significant move, a whale wallet known by the short address 0x537 deposited 150k RNDR (worth $1.6 million) to GSR Markets' Binance deposit address. The wallet acquired these tokens from the Render Network multisig wallet approximately 18 hours ago…

AltcoinsMay 15

Crypto Exchange Listing and Delisting Announcements: May 13, 2024

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. _________________________________________ MEXC Listings: TheDonato Creator (DON) CrazyDog (CRAZYDOG) Pink Ninja (PINKNINJA) Versepool (VPL) Lisede (LIS) OBI Real Estate (OBICOIN) Shark Cat (SHARKCAT) Spectral (SPEC) Three Protocol (THREE) Time Pocket (TIMEPOCKET) FindMe (FINDME) memeBOSS (BOSS) BOMES (BOMES) Raini Studios Token (RST) Crypto Unicorns (CU) AEONswap (AEON) WESET.io (WECO) Patrick CoinPants (PCP) Gaming Kirby (GKB) Silense (AIS) TecUise (TUE) DED (DED)…

ExchangesMay 15

Craig Warmke, co-author of Resistance Money

Bitcoin’s price is on the move, thanks to new ETFs. And thanks to the ‘halving’ just around the corner, speculation about its future price is on the move, too. The halving makes for a good show. It also reveals bitcoin’s value proposition, and what sets it apart from both traditional money and other cryptocurrencies: it is a monetary system with rules but no rulers. I spoke to Craig Warmke, co-author of Resistance Money: A Philosophical Case for Bitcoin to understand in detail the madness around Bitcoin halving. Warmke is a Bitcoin Policy Institute Fellow and Associate Professor of Philosophy at…

BitcoinMay 15

Ethereum (ETH) Option Traders Are Expecting This Price for Ethereum at the End of June!

According to data from Deribit, the term structure of open interest in Ethereum options reveals a concentration in call contracts, consisting of more than 617,000 contracts expiring at the end of June with a face value exceeding $1.8 billion. Ethereum Options Traders Predict $3,600 for June Expiration This significant number of call contracts and their significant nominal value may reflect confidence in Ethereum's potential to gain value by the end of June. Intensifying interest could also support the price of the digital asset if derivative investors choose to exercise their options when the price begins to exceed certain strike prices…

EthereumMay 15

Here's Why BONE Was Made in First Place – Team Member Reveals Ryoshi's Initial Plan

The official Shiba Inu marketing lead, who refers to herself as Lucie, has shared with the SHIB community why the mysterious SHIB founder Ryoshi wanted to create BONE token in the first place. However, this initial plan was changed later on for the sake of a more practical goal. Here's why BONE was created Lucie tweeted that initially the goal of creating BONE token was to issue rewards to SHIB holders. However, later, the goal was changed to facilitate SHIB burns using the layer-2 solution Shibarium. Lucie did not share whether this decision was made before or after Ryoshi’s departure…

AltcoinsMay 15