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.

Will This Help Push BTC Above $74,000?

While Bitcoin struggles to extend gains, on-chain data shared by Ki Young Ju, the founder of CryptoQuant, on X shows increased movement of old coins. As the Bitcoin Average Dormancy chart shows, this trend recently hit a 13-year high. More Old Whales Moving Coins The Bitcoin Average Dormancy shows the average number of days each BTC has been dormant. On-chain data indicates that coins held for 3 to 5 years have changed hands and moved to new owners. While there was movement, interestingly, data shows that they were not transferred to exchanges. Instead, it is highly likely that they were…

BitcoinMay 8

What's the Obstacle to the Bitcoin (BTC) Rally? Will Ethereum (ETH) Continue to Fall?

Bitcoin, which reached the bottom in November 2022 after the bankruptcy of FTX, has shown a tremendous performance since 2023. While BTC has gained nearly 270% since January 2023, the largest altcoin Ethereum (ETH) is performing weaker compared to Bitcoin. Because, ETH has increased by 160% since January 2023. Evaluating this weak performance of Ethereum, 10X Research founder Markus Thielen said, “ETH's weak fundamentals become an obstacle for Bitcoin as it blocks the large-scale flow of fiat money into the crypto ecosystem.” said. Arguing that ETH is the “basket case” of this bull cycle, that is, the dysfunctional and ineffective…

EthereumMay 8

Here are Your Shiba Inu Returns on $1,000 if You Bought on Jan 1 2024

The impressive start to 2024 recorded by Shiba Inu means anyone who invested earlier in the year would have made sizeable profits. Shiba Inu has been one of the best-performing cryptocurrencies on the top 20 list since the start of 2024. Earlier this month, the coin enjoyed a stint in the top 10 and came very close to overtaking Dogecoin. However, some investors may wonder how much money they would have now if they had invested in Shiba Inu at the start of the year. A closer look at the numbers reveals an interesting find. Shiba Inu 2024 Profit Calculation…

AltcoinsMay 8

Nigeria to remove Naira from P2P trading platforms to curb currency manipulation

The Nigerian government has revealed intentions to delist the national currency, the Naira, from all peer-to-peer (P2P) trading platforms. Emomotimi Agama, the Director General of the Nigerian Securities and Exchange Commission (SEC), reportedly revealed this plan during a virtual meeting with the country’s blockchain stakeholders today as part of a wider effort to combat the manipulation of the local currency in the foreign exchange market. Meanwhile, local stakeholders have blamed the rise of P2P crypto trading in the country on inadequate regulation. Nigeria is Africa’s most populous country. Its young population has propelled crypto adoption to record highs despite recent…

ExchangesMay 8

Bitcoin (BTC) Whale Triggers a $26.3M Sell-Off – How’ll Price React?

In a significant move that has caught the attention of the crypto community, a trader deposited 395 BTC, equivalent to $26.3 million, to Binance for sale. This transaction took place just hours before a 4% drop in Bitcoin’s price. The trader’s recent trading activities have been closely monitored, with Lookonchain providing detailed insights into their buying and selling patterns. According to a tweet by Lookonchain, the trader had accumulated 536 BTC, valued at $35.15 million, between April 5 and April 18. These coins were bought at an average price of $63,729. In a quick turnaround, the trader sold the accumulated…

BitcoinMay 8

Court decision could be only way US spot ether ETFs see light of day

The advent of bitcoin ETFs came only after a legal victory over the Securities and Exchange Commission. A similar action could be what it takes to get US spot ether ETFs over the finish line, law professionals told Blockworks. And let’s not forget Consensys’ lawsuit against the US securities regulator, which they added could play a role in helping sort out the ether ETF question. Bitcoin ETFs born from a legal victory In a world where the SEC and crypto companies constantly appear to be at odds, the courts have been able to offer some clarity. Judges in the DC…

EthereumMay 8

Ripple Recognized by Mastercard For XRP-based Remittances

Renowned payment processor Mastercard has recognized crypto-based payment giant Ripple among the leading entities shaping payment solutions in Latin America. This recognition of Ripple’s effort came in a recent publication by Mastercard. The report explored the future of remittances in Latin America from the angles of digitalization, diverse payment channels, and the importance of strategic partnerships. Pseudonymous XRP community figure WrathofKahneman called attention to this development in a recent post on X. #Ripple cited a few times in the new MasterCard report, "The future of remittances in Latin America: Digitalization, multiple rails, & the strategic role of partnerships" as an…

AltcoinsMay 8

Sandbox co-founder foresees AAA game studios embracing web3

Speaking to crypto.news in an interview, Sebastien Borget, co-founder & COO of The Sandbox, discussed the hurdles that web3 gaming faces on the path to mainstream adoption. Web3 is transforming the gaming sector. In what can be seen as a massive shift from traditional gaming platforms, web3 games let players engage deeper with the games in novel and decentralized ways. These games offer players more control & ownership over their in-game assets, such as items, characters, & currencies. Players can trade, sell, or even create their own assets. Major AAA game publishers have already been testing these new waters in…

GameFiMay 8

South Korea’s Bithumb May Re-appoint CEO as Exchange Edges Toward IPO

South Korea’s Bithumb crypto exchange may re-appoint its CEO Lee Jae-won, as the trading platform seeks to complete its planned IPO. Per Business Post, Lee’s two-year term as Bithumb boss expires later this month. But industry figures believe he will be reappointed as the firm tries to fast-track its public offering plans. Trading volumes on South Korea’s Bithumb crypto exchange over the past month. (Source: CoinGecko) South Korea’s Bithumb Aiming for National IPO First Bithumb wants to become the first crypto exchange to go public on the Korea Exchange. The firm has reportedly developed plans to spin off some of…

ExchangesMay 8

Critical Analysis Highlights Key Resistance Levels

The latest 8-hour chart analysis indicates that Bitcoin remains in a downward trajectory. Analysts from Coinotag suggest Bitcoin must surpass the resistance zone between $66,700 and $65,800 to reverse the trend. “If Bitcoin fails to hold the support at $62,300, it could drop further to $61,200,” experts warn. As Bitcoin struggles to break out of its downward momentum, technical indicators highlight critical levels that could determine the near-term trajectory of its price. Current Technical Outlook on Bitcoin The ongoing analysis of Bitcoin’s 8-hour chart shows a consistent bearish trend. The cryptocurrency has been unable to break above the indicated resistance…

BitcoinMay 8