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.

Alchemy Pay Partners with Telos, Launches Fiat On-Ramp for $TLOS Procurement

Alchemy Pay, the leading fiat-crypto payment gateway, has entered a transformative partnership with Telos. It is Layer 0 network redefining the industry with its groundbreaking Zero Knowledge technology. They will launch a fiat on-ramp for the direct purchase of $TLOS. The collaboration will significantly simplify the direct procurement process for millions of users. .@HelloTelos token $TLOS is now available through #AlchemyPay's Fiat On-Ramp. This integration simplifies $TLOS purchase, offering various payment options for users worldwide across 173 countries with 50+ fiat currencies supported.https://t.co/QUJGEhMTGL$ACH pic.twitter.com/ioUpCYcFIx — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) May 10, 2024 Telos Expands Payment Options with Alchemy…

ExchangesMay 11

Dogecoin Founder: Bitcoin Not Going 10x Right After Halving

Billy Markus, who created the iconic meme-inspired cryptocurrency Dogecoin in collaboration with Jackson Palmer, is known for his sarcastic opinions on what is happening within the crypto space. Today, he took to Twitter/X social to share his take on the path the Bitcoin price has taken after the halving and gone contrary to the expectations of many investors and traders. DOGE creator trolls disappointed Bitcoin investors - "what scam" In his tweet published earlier today, Markus trolled those in the crypto space who expected the flagship cryptocurrency’s price to skyrocket “10x” within a few days after the Bitcoin halving was…

BitcoinMay 11

Here's How Much XRP, DOGE, SHIB Held in Top Exchange Bybit's Reserves

Prominent crypto derivatives exchange Bybit based in Dubai has released its 10th reserve certificate, issuing it for May 2024 (the time stamp on the wallets was for 4.00 a.m. UTC on that day). This information was shared by Chinese cryptocurrency journalist and blogger Colin Wu on his official X account. Bybit publishes proof-of-reserves report: SHIB, XRP, DOGE, etc. This reserve certificate was published as part of the “proof-of-reserves” initiative implemented by centralized crypto exchanges after the FTX platform crashed in November 2021, pushing the Bitcoin price way down, along with the rest of the cryptocurrency market. According to this report,…

ExchangesMay 11

Bybit Web3 Unveils Global Bitcoin Layer 2 Literacy Drive

Bybit, one of the world’s top three crypto exchanges by volume, today announced a global initiative designed to significantly strengthen the Bitcoin (BTC) Layer 2 ecosystem and cultivate a collaborative environment for its continued growth. This initiative underscores Bybit Web3's dedication to fostering crypto literacy, economic empowerment, and a thriving digital ecosystem. Building a Stronger Foundation: Enhancing Bitcoin Layer 2 Infrastructure Bybit Web3 is committed to bolstering Bitcoin (BTC) infrastructure globally to encourage further adoption and participation. This initiative will unlock unparalleled access to crypto knowledge and opportunities for diverse communities around the world. By strengthening the foundation of Bitcoin…

BitcoinMay 11

“We use what we understand”

Blockchain games dominated the first quarter, representing 30% of all on-chain activity in this period, according to the “State of the Dapp Industry Q1 2024” report by DappRadar. The report highlights that an average of 2.1 million wallets were active daily during Q1. This dominance in gaming activity on the blockchain could mean that analysts’ expectations about Web3 games focusing on entertainment this cycle are being fulfilled. MetalCore is a blockchain shooting game from this new batch of titles focused on entertaining gameplay, and it is finding success in its second closed beta testing. “[The number of players] It’s actually…

GameFiMay 11

Crypto Exchange Trading Volume Declines in April as Bitcoin Retreats from Record High

Trading volume on major cryptocurrency exchanges has experienced a significant decline in April, coinciding with Bitcoin’s retreat from its all-time high. Spot trading volume on centralized exchanges like Coinbase Global, Binance, and Kraken dropped by 32.6% to $2 trillion last month, as reported by research firm CCData. Additionally, derivatives trading volume saw its first decrease in seven months, falling by 26.1% to $4.57 trillion. Trading Volume Declines Due to Tightening Financial Conditions The surge in trading volume witnessed earlier in the year, following the introduction of US exchange-traded funds investing in Bitcoin, waned due to the tightening of financial conditions…

ExchangesMay 11

Bitcoin miners’ revenue drops amid declining transaction fees

The Bitcoin (BTC) miners’ revenue has been consistently declining after the halving event. The downtrend comes as the average transaction fee on the network plunges. According to data provided by YCharts, the average transaction fee on the Bitcoin network declined by 28% in the past 24 hours, hovering around $24.99 at the time of writing. Data shows that the average Bitcoin transaction fee surged from $19.76 to $128.45 between April 19 and 20. It’s important to note the transaction fee was sitting at $5 a month ago and dropped to as low as $2.8 on April 6. Moreover, the daily…

BitcoinMay 11

Stacks Nakamoto Upgrade Opens New Era For Bitcoin L2

Stacks has launched the long-awaited Nakamoto upgrade. Serving as a scaling solution for the Bitcoin network, Stacks gives developers the ability to build smart contracts and applications at the most valuable, decentralized and secure base level, bringing new use cases to the Bitcoin economy. Bitcoin is the safest, most reliable, ready-to-use crypto asset, and the market is now recognizing its potential as a foundational layer for DeFi. The emergence of second-layer solutions gives developers the opportunity to create a variety of new applications and solutions for borrowing and lending, asset exchange, trading Ordinals and NFTs, thereby effectively expanding the utility…

BitcoinMay 11

Luxor Q1 report predicts recovery in Bitcoin hashprice over next five months

Quick Take The Bitcoin mining sector has faced challenges with historically low hashprices in recent weeks following the halving event. However, hash prices surged to multi-year highs on the day of the halving, buoyed by increased fees attributed to Runes. According to Glassnode data, the hash price is $51,915 in USD terms and 0.84 BTC, nearing all-time lows. However, May 9 saw a recent uptick in hash price due to the biggest difficulty adjustment drop since November 2022. Glassnode defines the miner revenue per exahash metric as a tool for gauging daily miner earnings in relation to their proportional contribution…

MiningMay 11

Bitcoin's 200-Day Average Is Approaching a Record High; Here's Why It Matters

Bitcoin's 200-day average is on track to challenge its previous peak of $49,452 from February 2022. Past data show the most intense phase of the bull cycle unfolds after this average surpasses its previous peak. Bitcoin's (BTC) price moved into bullish territory above the 200-day simple moving average (SMA) in October, setting record highs above $73,000 last month. Now, the average, a crucial barometer of long-term trends, is also rising fast in a sign of strong bullish momentum and appears set to surpass its previous peak of $49,452 in February 2022. At press time, bitcoin traded at $66,200, with the…

BitcoinMay 11