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.

Tether (USDT) Announces Expansion into Artificial Intelligence (AI): Here’s the Details

Tether (USDT), the largest company in the cryptocurrency industry, announced that it will increase its focus on artificial intelligence. In the shared official blog post, Tether's breakthrough in the field of artificial intelligence was summarized as follows: “Expanding Tether Data's AI focus will focus on several key areas. First, Tether Data plans to pioneer the development of open-source, multi-modal AI models to set new industry standards, increasing innovation and accessibility in AI technology. It will also lead collaborations to seamlessly integrate AI solutions into market-focused products and leverage technology to address real-world challenges. Finally, by actively engaging with the overall…

AltcoinsMay 6

ADA Rallies by 12.20% Despite Social Media Critics on Performance

In a recent social media debate, MartyParty, a host of the crypto traders club space, criticized Cardano’s ($ADA) performance, juxtaposing its transaction speed with its market capitalization. According to the tweet, Cardano operates at 1.68 transactions per second despite boasting a $23.5 billion market cap. The host said: Cardano ($ADA) is currently doing 1.68 transaction per second yet has a $23.5 billion marketcap? MartyParty’s message urged the community to reconsider their investments in Cardano, advocating for a switch to more efficiently performing blockchains. This statement, made on March 26, has sparked varied reactions within the cryptocurrency community. Cardano ($ADA) is…

AltcoinsMay 5

This Catalyst Could See Bitcoin Explode by up to 1,486%, Says Strike CEO Jack Mallers

The CEO of Bitcoin’s Lightning Network wallet Strike Jack Mallers is predicting that the flagship crypto asset could reach a seven-figure price during the current cycle. Mallers says in an appearance on the David Lin YouTube channel that efforts to save the bond market could lead to a looser monetary policy, consequently triggering Bitcoin (BTC) to appreciate by between 297% and 1,486% from the current level. “The bond market is in trouble for really arguably the first time in modern financial history. Bondholders are getting absolutely demolished and crushed. Now who owns bonds? All of our banks. So our bank…

BitcoinMay 5

Supercell's Investment, Saga Airdrop, 'Parallel' Adds Expansion

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…

GameFiMay 5

Bitcoin Hashrate Decreases as Miners Prepare for Probable Difficulty Drop

Just over two weeks have passed since the fourth Bitcoin halving took place. During this period, the network’s hashprice dropped from over $100 per petahash to below $45 at the beginning of May. It has since increased to $50 per petahash. Despite the modest rebound, the network’s total hashrate has experienced a decrease, with a reduction of about 50 exahash since the halving event. Bitcoin Hashrate Wanes Post-Halving This weekend, Bitcoin’s total hashrate is maintaining levels around 600 exahash per second (EH/s), occasionally fluctuating slightly below and above this mark. This decline follows the all-time high in hashrate that occurred…

MiningMay 5

Bitcoin Stable Above $64K While ETF Outflows Hit $200M

BTC is trading above $64K even as outflows accelerate. The correlation between ETF outflows and BTC’s price is weakening. Bitcoin (BTC) is trading above $64K in the early afternoon of East Asia’s trading day, even as outflows from bitcoin exchange-traded funds (ETFs) pick up significantly. Market data shows that the U.S.-listed ETFs had a daily total net outflow of $217 million. This brings the total outflow so far this week to $244.49 million. In comparison, bitcoin is up around 3.7% in the last week. According to JPMorgan, the correlation between bitcoin ETF prices and inflows has weakened, dropping from a…

BitcoinMay 5

Shytoshi Kusama Responds to Vitalik Buterin’s SHIB Post

In a recent post published on the Twitter/X platform, Ethereum co-founder and frontman Vitalik Buterin mentioned the popular meme cryptocurrency Shiba Inu, which caused a stark wave of comments coming from the SHIB community and crypto influencers. SHIB lead, the mysterious Shytoshi Kusama, has quoted Vitalik’s tweet, posting a response to it as well. Kusama pleased by Buterin's tweet Vitalik Buterin shared what impression he got of the Shiba Inu meme coin when he disposed of the massive SHIB chunk, most likely he speaks about the 500 billion SHIB sent to him by the project’s pseudonymous founder Ryoshi in 2021…

AltcoinsMay 5

Onramp launches Onramp MENA the First Bitcoin-Only Asset Management Platform in the region

Onramp, a bitcoin asset management company, has announced that is has launched its sister company Onramp MENA as part of its expansion into the MENA region. Onramp MENA is backed by Early Riders, the first Bitcoin-denominated investment fund. The company which is based out of Dubai UAE, at DIFC ( Dubai International Financial Centre) will offer Bitcoin asset management services built on their multi-institution custody model. Ralph Gebran, Managing Partner of Onramp MENA, remarked, “The launch of Onramp MENA not only sets a new benchmark in Bitcoin asset management and custody within the region but also heralds the dawn of…

BitcoinMay 5

RIO token up more than 190% as the hype around RWAs takes center stage

RIO, the native token for the Realio network, is trending on Google and X, with its price up more than 16% over the past 24 hours. The project has been in the spotlight over the past week. The price of RIO tokens went from $0.8938 on March 20 to as high as $2.522 on March 27, marking a growth of 197%. The project, working with real-world asset tokenization, is cashing in on the hype surrounding this innovation. RIO price chart | Source: CoinMarketCap The Realio Network is a defi marketplace powered by RWAs. Founded in 2018 and headquartered in New…

AltcoinsMay 5

Ripple Team Shares Insights on Bitcoin ETF’s Impact on Self-Custody

A recent article shared by cryptocurrency giant Ripple highlights the critical role of custodians in managing ETFs. Custodians are responsible for the security, accessibility, and regulatory compliance of the Bitcoins held within the ETFs. Using an enterprise-grade digital asset custody provider is crucial for ensuring the safety, security, and accessibility of cryptocurrencies and tokenized assets. Learn about the key considerations for spot bitcoin ETFs and why secure custody matters. https://t.co/iqlEJXmrxH — Ripple (@Ripple) April 25, 2024 The article highlights some of the key areas for custodians to focus on. First and foremost, proper security measures are important. This means using…

BitcoinMay 5