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.

Anthony Scaramucci Issues Important 'Buy Bitcoin' Message

Billionaire investor and SkyBridge Capital founder Anthony Scaramucci founder Anthony Scaramucci has once again spotlighted Bitcoin (BTC) in his recent post about the coin. Taking to his official X page, Scaramucci noted that the United States dollar is far from losing its appeal. He showcased how the value of a dollar from 2020 is now worth just about 75 cents. The reduction in the value of the U.S. dollar, and technically, most fiat currencies prove that these Central Bank notes are not worth relying on as a store of value. The 25.14% compounded inflation rate recorded by Bitcoin is deemed…

BitcoinMay 5

Ethereum Name Service Challenges Unstoppable Domains' Patent

Ethereum Name Service (ENS) has petitioned the United States Patent and Trademark Office (USPTO) to challenge the validity of a patent obtained by Unstoppable Domains (UD) in 2023. ENS claims that UD’s patent utilizes technology that ENS had developed and open-sourced. In a statement on social media platform X, ENS explained that UD obtained a patent for technology that ENS Labs developed with the intent of being open-source.. Both ENS and UD provide domain name and wallet services with top-level domains (TLDs) such as .crypto, .eth, and similarly branded names that form an affinity with the crypto space. ENS alleges…

EthereumMay 5

Sui and Revolut Launch Global Partnership

Layer 1 blockchain Sui announced a partnership and collaboration with the banking service provider Revolut. According to the press release shared with Cryptonews, the partnership aims to bolster awareness and adoption of blockchain technology among Revolut’s user base of 40 million customers globally. It also wants to open “new avenues for Sui’s growth, particularly across Europe.” Sui To Enter Revolut Learn As part of the partnership, Sui will use Revolut’s Learn program and its educational content to educate “a relatively untapped” global audience of potential future crypto users at scale. The participants will learn about SUI’s underlying technology and growing…

AltcoinsMay 5

Solana Cofounder Reacts to Ethereum FUD

Solana cofounder Anatoly Yakovenko recently weighed in on the ongoing discourse surrounding Ethereum (ETH), providing a measured perspective amid concerns raised by the community. Following a flurry of debate and uncertainty, Yakovenko defended Ethereum, asserting that while progress may be slow and challenging, the platform will ultimately sustain itself. The discussion emerged against a backdrop of criticism directed toward Ethereum's research quality and talent retention. Some voices within the ecosystem expressed worries about the decline in research standards and the departure of experienced developers and researchers. Concerns were also raised regarding the significance of Miner Extractable Value (MEV) research and…

EthereumMay 5

Crypto Community Excited Anticipating Payments Launch on X This Year

X platform user calling himself DogeDesigner (@cb_doge) and one of the X team members has published a post, stating that “2024 will be the year of 𝕏 Payments.” 2024 will be the year of 𝕏 Payments pic.twitter.com/CkHlelfJUN — DogeDesigner (@cb_doge) March 26, 2024 This triggered an enthusiastic response from the crypto community based on this popular social media platform and average X users. Hope for DOGE payments on X arise from ashes This announcement follows the news of X owner tech centibillionaire Elon Musk securing licenses for payment processing and money transmitter operations in three new US states. The authorities…

AltcoinsMay 5

MicroStrategy's Unrealized Profit Hits $6.2 Billion

MicroStrategy's involvement with Bitcoin is a foundation of institutional crypto exposure. Recently an unrealized profit of the company, it has hit the $6.2 billion mark. MicroStrategy's purchase strategy may seem random and somewhat archaic, but there is logic behind it. The company has systematically increased its Bitcoin holdings through calculated purchases. These buying strategies are marked by timing the market to optimize entry points and significantly investing during price drops. MicroStrategy’s purchases often coincide with price dips, exemplified by the accumulation spots highlighted on their portfolio's performance chart. These strategic buys are somewhat similar to a popular dollar-cost averaging strategy,…

BitcoinMay 5

Eyes Set on $3,340 Resistance!

Ethereum experienced a significant upward reversal from a crucial support zone. ETH is anticipated to rise toward the next resistance level of $3,340. Market sentiment for Ethereum remains largely positive, supported by its recent rebound. Ethereum (ETH) enthusiasts are buzzing with anticipation as the cryptocurrency recently bounced back from a crucial support zone. This zone, characterized by the convergence of various technical indicators including a key support level, a support trendline, the lower Bollinger band, and a Fibonacci correction level, served as a springboard for ETH’s upward momentum. This reversal not only halted the previous correction phase but also injected…

EthereumMay 5

SafeDAO may finally vote to make SAFE tokens transferable

SafeDAO, the organization governing the smart wallet platform Safe, may soon vote on the possibility of making its SAFE token transferable. SAFE tokens, introduced in 2022, are a form of digital assets designed for governance within the SafeDAO ecosystem. Over the past two years, recipients of these tokens have been able to use their allocations to vote on proposals that affect the development and operational decisions of the SafeDAO platform. Initially, these tokens were non-transferable; they couldn’t be bought, sold or traded on any platform. This design choice was likely aimed at ensuring that only stakeholders with a long-term interest…

AltcoinsMay 5

Bitcoin core developer says Runes 'exploit design flaws'

Bitcoin core developer Luke Dashjr has criticized the Runes protocol, suggesting it exploits a fundamental design flaw within the blockchain network. In an April 26 post on X (formerly Twitter), Dashjr delineated the disparity between Ordinal Inscriptions and the Runes protocol in how they interact with the network. He clarified that while Ordinals capitalize on vulnerabilities within the blockchain, the Runes protocol operates within the framework of the network’s design flaws. He explained further: “Ordinals are a 9-vector attack that exploit vulnerabilities in Bitcoin Core, Runes are “only” a 5-vector attack that actually technically follow the “rules”. Ordinals are a…

BitcoinMay 5

Is the Ethereum Bull Market Back or is Another Dip Below $3K Imminent? (ETH Price Analysis)

Ethereum’s price is yet to continue its uptrend following a rejection from the $4,000 resistance level. But the bulls are now showing signs of strength, perhaps staging a more considerable recovery. Technical Analysis By TradingRage The Daily Chart As the daily chart depicts, Ethereum’s price has been making lower highs and lows inside a descending channel since failing to break above the $4,000 resistance level. Yet, the cryptocurrency is climbing back above the $3,000 level and the midline of the channel. If the market successfully recovers back to these levels, a breakout above the channel and a continuation toward $4,000…

EthereumMay 5