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 traders shrug off 'halving' to focus on broader market risks

LONDON, April 22 (Reuters) - Bitcoin's so-called halving event has had little impact on its price so far, with industry insiders on Monday saying the cryptocurrency's fortunes were more closely tied to broader financial market sentiment and geopolitics. Bitcoin enthusiasts had eagerly waited for the "halving" - a change to the cryptocurrency's underlying technology that happened around 0014 GMT on Saturday and is designed to cut the rate at which new bitcoins are created. The change takes place every four years and some crypto fans pointed to price gains in the aftermath of previous halvings as a sign that bitcoin…

BitcoinMay 12

Ethereum Holds Above $2,900, Indicating A Likely Trend Reversal

The price of Ethereum (ETH) has fallen to the current range of $2,908 to $3,122, which is the 21-day moving average line or resistance. Long-term analysis of the Ethereum price: bearish The bulls made an effort to break the 21-day SMA but were rejected. Ether is falling and approaching the current support level of $2,908. If the current support is broken, the largest altcoin will fall below its previous low of $2,848. This would widen the current price range. Nonetheless, the current price range will remain if the support levels hold. Ether is currently valued at $3,032. Analysis of the…

EthereumMay 12

Former Digitex Futures Exchange CEO Pleads Guilty to Violating Bank Secrecy Act

Founder and former CEO of Digitex Futures Exchange, Adam Todd, has pleaded guilty to willingly leading the firm to fail to establish an Anti-Money Laundering (AML) program. Notably, the former CEO’s plea was issued in a federal court in the Southern District of Florida on May 7. Former Digitex CEO Pleads Guilty The U.S. Attorney’s Office stated that Todd pleaded guilty to “willfully causing” Digitex to violate the Bank Secrecy Act. Indicted earlier this year, Todd was accused of overseeing an unregistered futures platform targeting U.S. customers from 2018 to 2022, allegedly neglecting vital Anti-Money Laundering (AML) and Know Your…

LegalMay 12

When is the next Bitcoin halving?

On April 20, Bitcoin (BTC) completed its fourth halving, reducing the rewards given to miners for processing transactions and securing the network by half. Now that the event is over, attention is on the next halving date in four years and its possible impact on the general crypto market. As a recap, the first halvings occurred on November 28, 2012, followed by the second on July 9, 2016, the third on May 11, 2020, and the fourth on April 20, 2024. Each halving reduced the block reward from 50 BTC to 25 BTC, then to 12.5 BTC, to 6.25 BTC,…

BitcoinMay 12

ETH Consolidates at $3K as Bulls Look to Make a Move Soon (Ethereum Price Analysis)

Ethereum’s price has been encountering resistance in breaking below the critical $3K support region, leading to slight fluctuations within a narrow and pivotal range. However, there is anticipation of a renewed bullish surge in the mid-term, driven by emerging demand. By Shayan The Daily Chart Upon analysis of the daily chart, Ethereum has been struggling to breach the crucial $3K support region, with the price confined within a tight range. This significant range is delineated by the 0.5 ($3133) and 0.618 ($2906) Fibonacci levels, coinciding closely with the critical 100-day moving average. This alignment suggests substantial demand around this pivotal…

EthereumMay 12

Nano Reinvents Itself as Web3 Gaming Platform

The Nano project is once again trying to regain the spotlight by adding Web3 features and trying to stand out as a gaming platform. Nano was one of the projects to appear during the bull market of 2017 and 2018, promising to become the digital money of the future. The token went through several booms and busts, finally rebranding itself with a new ticker, XNO. During the 2024 market expansion, XNO closely tracked Bitcoin’s growth, but so far, XNO has remained unchanged in Satoshi’s terms. XNO established a new price range in 2024, trading up to a yearly peak of…

AltcoinsMay 12

US Treasury Accused of Spying on Americans’ Private Bank Transactions in Secret Surveillance Program As Secretary Yellen Confirms ‘Communications Took Place’

US Treasury Secretary Janet Yellen is responding to accusations that the US government and more than a dozen financial institutions have teamed up to spy on Americans’ private bank transactions. The House Judiciary Committee recently published a memo accusing the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) of urging banks to surveil their customers’ transactions and flag a list of keywords “without legal process” as part of the investigation into January 6th, 2021 riot on Capitol Hill. Now, in new testimony to the House Ways and Means Committee, Secretary Yellen has answered a direct question on whether FinCEN emailed search…

LegalMay 12

Bitcoin MVRV Ratio Crashes Below 90-Day Average, Signaling Imminent 67% Price Surge

The Bitcoin (BTC) MVRV ratio has dropped below its 90-day average, signaling an upcoming price rally, with the possibility of an impressive 67% increase. Market Veteran Ali Martinez called attention to this bullish turn of events in a recent post on X. Notably, market data from Glassnode confirms that the 90-day average of the Bitcoin MVRV ratio has continued to increase. Interestingly, while the 90-day average has seen a steady uptick, the actual MVRV ratio has recorded occasional declines and upswings, as it mirrors Bitcoin’s market performance in real-time. The MVRV (market value to realized value) ratio compares Bitcoin’s market…

BitcoinMay 12

Ethereum (ETH) Gas Fees at Multi-Month Lows, Data Says

Thanks to the introduction of blobs in post-Dencun Ethereum (ETH), network usage becomes more cost-optimized than ever before. Developers are wondering whether the gas price will surge once market activity recovers. Ethereum (ETH) average gas price plunges to 6 Gwei Today, according to automated tracking services, the average gas fee on the Ethereum (ETH) network reached 6 Gwei. This is the lowest level since January 2020, Etherscan data says. As a result, all on-chain operations in Ethereum (ETH) became extremely cheap for accounts. Ethereum base fee is at record lows. The blob fee still has not even entered price discovery…

EthereumMay 12

Core integrates a revolutionary airdrop tool by Ava Labs

Core is Avalanche’s premium native ecosystem wallet and portfolio, and its airdrop tool guarantees seamless token distribution. Core empowers any builder to strategically reward its loyal community members. To celebrate the powerful features of Core, they have rewarded all participants from their Core Memecoin Month. Participants will receive a distributed reward in the same meme coin they used during the splendid event. If a participant qualifies for COQ’s memecoin week, he or she will be airdropped COQ coins. The remarkable feature of Ava Labs’ new airdrop tool is that it effectively addresses challenging problems with airdrops. Cost-effective promotional airdrop tools…

AltcoinsMay 12