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.

Ethereum Price Prediction Amidst Heavy Whale Purchases – Will ETH Break Past $3,000 Soon?

The Ethereum (ETH) price is swinging either side of the $3,000 level as traders monitor a spike in whale purchases and ask whether the cryptocurrency could soon be set for a rebound. On-chain-focused analytics X account @lookonchain reported on Wednesday that a whale recently accumulated $32.14 million in ETH. A whale who is long $ETH withdrew 6,030 $ETH($18.09M) from #Binance again 20 minutes ago. This whale has accumulated 10,758 $ETH($32.14M) from #Binance since May 2. He swapped $ETH to $stETH and deposited it into #Aave, then borrowed $28.5M stablecoins from #Aave to buy more… pic.twitter.com/tbtXLDbvua — Lookonchain (@lookonchain) May 9,…

EthereumMay 12

Whales Move 705,917,885,653 Shiba Inu Out of Exchanges in 24 Hours

Whale addresses move 705.9 billion Shiba Inu worth over $16.5 million out of cryptocurrency exchange platforms in a 24-hour timeframe. On-chain analytics resource Arkham Intelligence indexed these massive fund flows, which come up at a time when Shiba Inu is displaying signs of an imminent price rebound. This rebound emerges on the back of a mild resurgence that has enveloped the broader market. Notably, on-chain data sourced by Arkham Intelligence reveals that whale addresses have shifted more than 1.3 trillion Shiba Inu tokens over the last 24 hours. Of these transactions, some involved movements across unknown wallets and others witnessed…

AltcoinsMay 12

Undisclosed report reveals SEC cybersecurity flaws before fake Bitcoin ETF approval hack

A previously undisclosed report detailed deficiencies in the SEC’s cybersecurity program. The report, first shared publicly by Fox Business journalist Eleanor Terrett on X, was dated December 20, 2023, less than a month before a false announcement of a spot Bitcoin ETF approval that led to market upheaval and $90 million in Bitcoin liquidations. “Remember the SEC’s X account hack from January 9th? The last update from the agency on January 22 stated that it was working with the Office of the Inspector General and several outside agencies, including the FBI, about the incident,” Terrett said. “But apparently in 2023,…

LegalMay 12

BlackRock's Bitcoin ETF About to Break Major Milestone After 69 Day Inflow Streak

BlackRock's Bitcoin ETF, IBIT, is on the verge of a significant milestone, with its inflow streak reaching an impressive 69 days. This achievement places IBIT on the cusp of entering the prestigious top 10 list for the Longest Daily Inflows Streak among ETFs, currently tied with JETS, the U.S. Global Jets ETF. Eric Balchunas, a renowned ETF expert at Bloomberg, has been closely monitoring IBIT's ascent, noting the remarkable nature of this streak. On a market landscape where consistency is key, IBIT's performance stands out. Unlike other contenders in the top ranks of the Longest Daily Inflows Streak, IBIT is…

BitcoinMay 12

K9 Becomes Shibarium Validator, Launches 420M KNINE Giveaway

Shiba Inu’s partner K9 Finance DAO has launched a giveaway campaign to celebrate its emergence as a node validator on famous L2 blockchain solution Shibarium. The giveaway contest features a prize pool of 420 million KNINE tokens worth $15,246 at the time of writing. K9 revealed in a recent X post that any pup can win a share of the 420M KNINE tokens following the completion of specific social media and trading tasks. According to K9, the contest, which commenced on May 8, will be ending on May 22nd at 3 PM (EST). 🚀 $KNINE BUY CONTEST IS HERE! 🐕🐕‍🦺🦮…

AltcoinsMay 12

The Crypto Industry Will Win The SEC in the Long Run – Ripple CEO

Ripple CEO Brad Garlinghouse believes the crypto industry will win the fight against the U.S. Securities and Exchange Commission (SEC). In a recently uploaded video, Garlinghouse noted that the best technologies always win in the long run. 🚨BREAKING: Brad Garlinghouse says that he is very confident that the SEC is about to lose the case against @Ripple! #XRP pic.twitter.com/7er2mtfJh5 — JackTheRippler ©️ (@RippleXrpie) May 11, 2024 According to the Ripple CEO, the SEC’s efforts to curtail crypto activities will fail in the long run. He noted that what the SEC is doing in its fight against crypto is nothing compared…

LegalMay 12

“Embrace Bitcoin” Michael Saylor’s Tweet Raises Heated Discussion, Here’s Why

Founder and former chief executive at MicroStrategy Michael Saylor has stirred the Bitcoin community with a tweet he published earlier today. There was a nuance to his tweet that triggered a heated discussion among Bitcoin holders. Saylor's Bitcoin-robot tweet Michael Saylor, who remains on the managing board of MicroStrategy and is in charge of the company’s Bitcoin-oriented strategy now, regularly posts AI-generated images with various messages, endorsing the world’s leading cryptocurrency. This time, Saylor tweeted “embrace Bitcoin” and added a picture, in which a young girl is standing close to a human-like robot, which looks like robots from sci-fi movies,…

BitcoinMay 12

Ethereum Price Signals Fresh Increase Unless Fails To Surpass $3,080

Ethereum price started a recovery wave from the $2,940 support. ETH could gain bullish momentum if it clears the $3,055 and $3,080 resistance levels. Ethereum found support near $2,940 and started a steady increase. The price is trading near $3,030 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance at $2,990 on the hourly chart of ETH/USD (data feed via Kraken). The pair must surpass the $3,080 resistance to continue higher in the near term. Ethereum Price Holds Support Ethereum price extended losses below the $3,000 level, like Bitcoin. Finally, the…

EthereumMay 12

XRP of Southeast Asia Skyrockets 358%

VELO token, recognized as the XRP of Southeast Asia, has now emerged at the forefront of the market narrative, growing by 358% in the past few weeks. Market intelligence platform Santiment confirmed this development in its latest update about VELO. Santiment emphasized that VELO has been garnering notable attention among crypto traders lately while being likened to the “XRP of Southeast Asia.“ The surge in interest is reflected in the 30% increase in the trading volume for VELO over the past day. Notably, after dipping to a 24-hour low of $0.02458, VELO has witnessed a significant uptick of 16.88%. At…

AltcoinsMay 12

Bill for Cryptocurrency Regulation in Turkey to be Submitted to Parliament this Week – Here are the Details

With the regulation on crypto assets that it will submit to the Parliament this week, the AK Party aims to include the platforms where crypto assets are traded within the scope of the Capital Markets Board (CMB) regulation and supervision. With the work carried out under the chairmanship of AK Party Group Chairman Abdullah Güler, the preparations on the bill containing regulations regarding crypto assets were completed. The proposal is planned to be submitted to the Speaker of the Turkish Grand National Assembly within the week. The new proposal aims to reduce the risks of parties transacting with crypto assets…

LegalMay 12