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.

Bitcoin price prediction post-halving; What's next for BTC?

Following the completion of the 2024 Bitcoin (BTC) halving, the focus has turned to the asset’s price trajectory, which has exhibited volatility in the short term. Before the halving event, Bitcoin aimed to maintain stability above the $65,000 mark. However, the leading cryptocurrency has faltered in retaining this position, with its price now facing the looming threat of dipping below. Amidst uncertainty, several crypto analysts have offered insights into what to anticipate regarding Bitcoin’s valuation post-halving. Particularly, in an X (formerly Twitter) post on April 20, analysis by Rekt Capital suggested a pattern identified as the ‘post-halving re-accumulation range’ which…

BitcoinMay 14

ETH Bulls Press Forward Hinting at Possible Reversal

As of May 13, 2024, ethereum presents a complex landscape for traders, characterized by fluctuating prices and diverse market signals. Despite a slight 1% uptick over the past day, the broader perspective shows a week marked by a 6.1% decline, setting a cautious tone for ether traders. Ethereum The ETH/USD daily chart indicates a prevailing downtrend, with ethereum’s price swinging from highs around $3,600 to lows near $2,800. Recent trading sessions have displayed bullish signs, hinting at a possible reversal or at least a short-term reprieve from the downtrend. Traders should watch for a breakout above $3,200 as a sign…

EthereumMay 14

Over 24 Million Shiba Inu (SHIB) Tokens Destroyed

In a startling turn of events for the Shiba Inu (SHIB) community, over 24 million SHIB tokens have been burned within the last 24 hours, marking a substantial surge in the burn rate of the popular meme-inspired cryptocurrency. The data, sourced from Shibburn, a platform dedicated to tracking token burn activity, indicates a staggering 241.86% increase in the burn rate during this short period. Token burning, a process in which a certain quantity of a coin is deliberately removed from circulation by sending it to an inaccessible wallet, is often viewed as a bullish indicator within the crypto space. The…

AltcoinsMay 14

No, Hong Kong's Crypto ETFs Aren't Available in Mainland China

The HKEX confirms that crypto ETFs aren't available to mainland China investors, despite persistent rumors otherwise Hong Kong's crypto ETFs, because of their unique in-kind redemption model, would offer a means to bypass mainland China's capital controls As the listing date for Hong Kong's crypto exchange-traded funds (ETFs) got closer, the rumors went into overdrive that they would be available to mainland Chinese traders via the Stock Connect, which allows mainland trading of Hong Kong equities. And then the ETFs launched, and they still aren't available. But the rumor won't cease. The reality is that, while crypto is still available…

ExchangesMay 14

Bitcoin Miners Smash Previous Revenue Records Post-Halving; Over $54M Collected in 60 Blocks

Since the halving, 63 blocks have been mined, and bitcoin miners have accumulated substantial fees following a dramatic increase in the fee rate. This surge took the cost per transaction from $18 to over $245, recorded at 9:00 p.m. EDT on Friday evening. Since then fees have dropped and by Saturday morning at 7:30 a.m. EDT, transfer fees are down to $34 per transaction. Massive Revenue Recorded as Fees Skyrocket on the Bitcoin Blockchain Following the halving event, bitcoin fees, or the cost to conduct transactions onchain, experienced a notable increase. This uptick was primarily driven by a marked increase…

BitcoinMay 14

DeFi Gigabrain Tarun Chitra on ETH Staking, Restaking and Why ‘Financial Nihilism' Is a Real Consumer Product

Crypto is a world built for autodidacts, a playground for polymaths. Tarun Chitra, the founder of the risk management, economic research and software optimization organization Gauntlet, is just one shining example. In a conversation with Chitra, this comes through. It seems there is no corner of crypto he hasn’t examined. Chitra, who often takes his time to pause before answering questions, will be speaking at Consensus 2024, May 29-31, in Austin, Texas. CoinDesk caught up with the bona fide DeFi celebrity known for his colorful style (hair, glasses and clothes) to talk about new financial primitives in crypto, artificial wombs…

DeFiMay 14

Ethereum (ETH) Investors Push for Recovery Amid Bearish Cues

Ethereum (ETH) price is presently reeling from the ongoing downtrend that brought the second-biggest cryptocurrency below $3,000. The investors, however, are still optimistic about recovery, which could occur if the broader market cues shift. Ethereum Investors Show Bullishness Ethereum price is expected to witness the impact of ETH holder’s actions, which are presently in favor of a rally. The investors are choosing to opt out of selling their holdings, which is evident from the decline in active deposits. Active deposits highlight the ETH deposit addresses that move their holdings from their wallet to exchanges. This usually indicates the sentiment of…

EthereumMay 14

IOTA Grants Program – Recap I

TL;DR: The IOTA Grants Program, kicked off in March 12th 2024, has supported a wide range of projects in its first two months, ranging from GameFi to decentralized exchanges. The updates will continue to provide insights into new developments and their impact on the ecosystem. The IOTA Ecosystem DLT Foundation’s Grants Program, operational for nearly two months, marks a significant milestone in the DLT Foundation’s efforts to support innovative builders and projects and to amplify the rapid growth of the IOTA ecosystem. As the program progresses, we aim to provide monthly updates to share insights and developments. This commitment ensures…

AltcoinsMay 14

Binance trading volumes spike 72% despite market decline

In April, derivatives trading volume on the largest exchanges decreased by 1.4% month-on-month. However, futures trading volumes on Binance, the largest centralized exchange (CEX), rose more than 72% in April compared to March. According to the Wu Blockchain team, the sharp increase in trading volume is due to Binance introducing a time-limited fee discount for USDC perpetual contracts, which led to a rise in trading volume for perpetual agreements. However, excluding this, the total trading volume in April decreased by 26.6% compared to the previous month. The three largest declines in futures trading volumes were the exchanges Bitget at 16.1%,…

ExchangesMay 14

Bitcoin Critic Peter Schiff Issues Warning to BTC Holders as Halving Completes

As the Bitcoin community celebrated the completion of another halving event, renowned Bitcoin critic Peter Schiff took to the stage with a warning for BTC holders. The highly anticipated Bitcoin software update called "halving" has been completed. The modification went into effect as of 8:10 p.m. Friday, New York time, according to data from analytics websites mempool.space and Blockchain.com. This event, which reduces the reward for mining new blocks by half, is seen by many as a bullish signal for the cryptocurrency's value. However, Schiff's perspective offers a sobering counterpoint to the prevailing optimism. Peter Schiff, a long-time skeptic of…

BitcoinMay 14