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.

OKX Wallet Integrates with Intract, Paving the Way for Enhanced Web3 Engagement

In a significant move towards fostering user engagement and accelerating the adoption of Web3 technologies, OKX, a prominent Web3 technology company, has announced the integration of Intract with the OKX Wallet. This collaboration aims to revolutionize the way users interact with the Web3 ecosystem, offering seamless access to a myriad of quests and projects within the crypto space. Intract, known as the premier Web3 questing platform, is designed to drive on-chain growth by connecting verified on-chain users with the Web3 communities and projects they are passionate about. By facilitating a perfect match between quality projects and engaged participants, Intract ensures…

ExchangesMay 12

Bitcoin Price Reclaims $66,000, Ethereum Sees Modest Gains After BTC Halving

Bitcoin and Ethereum, which experienced a spate of last-minute volatility ahead of the BTC halving on Friday, have since recovered from their roller coaster ride. At the time of writing, the Bitcoin price is up 1.6% in the past day, hovering around $66,000 after having reclaimed that milestone for the first time in a week. The cryptocurrency's block reward halving, which occurred on Friday, saw the reward paid to Bitcoin miners reduced from 6.25 to 3.125 BTC. Although it's usually the catalyst for bullish price action, the effect isn't always immediate. There's one thing that did change right after the…

BitcoinMay 12

Here’s When Holding 100K Cardano Will Yield $1M

In this bull season, Cardano investors with 100,000 tokens will become millionaires if ADA soars by 2,054%. Cardano has not lost its position among the most prominent cryptocurrencies despite revisiting a four-month low ten days ago. ADA sank to $0.4195 on May 1 as Bitcoin retreated to $56,555K. Although Cardano briefly recovered from the substantial collapse, its trajectory has remained underwhelming compared to the performance in the first quarter of the year. Nonetheless, ADA remains a favorite digital asset in the crypto market, with many investors eyeing it as their potential ticket to millionaire status. As such, understanding the price…

AltcoinsMay 12

Ripple v. SEC case update as of May 10, 2024

With the cryptocurrency community still at the edge of its seat, waiting for the closure of the protracted courtroom battle between Ripple and the United States Securities and Exchange Commission (SEC), the regulator has filed its remedies reply brief and supporting exhibits. Specifically, the SEC has recently filed its public, redacted version of the remedies reply brief and supporting exhibits shortly after filing them under seal, according to the court documents shared by a defense attorney and former federal prosecutor, James K. Filan, in an X post on May 8. #XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed its…

LegalMay 12

Is Gemini About to List Cardano?

The Cardano community is currently speculating about whether or not the Gemini exchange is preparing to list the ADA token. Frederik Gregaaard, the CEO of the Cardano Foundation, recently stated that he was working with major exchanges in order to list Cardano-based tokens: "We've also engaged with several exchanges because I want way more Cardano native assets listed on exchanges," he said. On Saturday, Gemini published a Cryptopedia post penned by Gregaaard that delves into the basics of Cardano, which include its structure, consensus algorithm, programming languages as well as Cardano's road map. Gemini launched the Cryptopedia education platform back…

ExchangesMay 12

Bitcoin Miner Price Soars to $244,000

Analyst and founder of the Capriole Investment fund Charles Edwards has published an X/Twitter post to share three possible scenarios he expects to happen to Bitcoin now that the much-anticipated halving event took place over the weekend. Bitcoin miner price spikes In his tweet, Edwards announced that the electrical cost of Bitcoin has increased to a massive $77,400 after that Saturday halving. He clarified that this is the cost of raw electricity to power the Bitcoin network per each new BTC coin produced by miners. However, he also proudly noticed that due to the halving, the overall Bitcoin miner price…

BitcoinMay 12

AI-powered Turbo memecoin sees 40% jump amid growing U.S. trend

Turbo (TURBO), an AI-generated memecoin, has surged 40% in the past 24 hours amid a trending status in the United States. At the time of writing, TURBO was trading at $0.001105, marking over 100% rise over the past week. The token’s market capitalization has crossed $70 million, reflecting a 40% rise, while its 24-hour trading volume hit $37 million, up 160%. TURBO 24-hour price chart | Source: CoinMarketCap Turbo Token, the brainchild of digital artist Rhett Mankind, emerged as an experiment in cryptocurrency development using artificial intelligence. Mankind used GPT-4 to generate the concept for a memecoin with just a…

AltcoinsMay 12

U.S. CFTC Proposes Ban on Political Event Contracts

The U.S. derivatives agency approved a proposal to ban popular prediction market trading, with three of the five commissioners approving the proposed rule. The public will have 60 days to weigh in with comments on the potential rule. The U.S. Commodity Futures Trading Commission (CFTC) proposed a formal rejection of event contracts that bet on the outcome of political activity in a vote on Friday, beginning an effort to wall off U.S. customers from platforms that allow the trading of predictive contracts. The agency has conducted a years-long legal fight with such firms, and the proposed rulemaking approved by the…

LegalMay 12

Is Bitcoin Ready to Rally Again or is Another Drop to $60K Coming? (BTC Price Analysis)

Bitcoin’s price has been consolidating over the last few weeks after a failure to break above the $75K mark. Yet, things might be about to change. Bitcoin Price Analysis: Technicals By TradingRage The Daily Chart On the daily chart, the price is still trapped between the $60K and $68K levels, failing to break out to either side. That said, during the past few days, the bulls have made considerable progress and have been able to push the BTC price closer to $68K. A breakout above the $68K level might likely induce a continuation. On the other hand, a breakdown of…

BitcoinMay 12

Massive Dogecoin (DOGE) Withdrawal Stuns Robinhood Amid SEC Drama

An anonymous whale has withdrawn a staggering 120 million Dogecoin (DOGE) from popular trading platform Robinhood. This massive withdrawal, valued at approximately $18.1 million based on the current DOGE price of $0.152, has raised eyebrows across the community. The recipient of this substantial transfer, identified only by the address "DDuXG," is no newcomer to the scene. DDuXG is a well-established Dogecoin whale known for orchestrating significant movements on the market. With this latest transaction, DDuXG's wallet now boasts a 1.92 billion DOGE portfolio, equating to an impressive $292.4 million. 🚨 120,000,000 #DOGE (18,097,831 USD) transferred from #Robinhood to unknown wallethttps://t.co/KNChEN3268…

AltcoinsMay 12