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.

Is Ethereum Back? Record 267,000 New Users Spark Speculation

The winds of change are swirling around Ethereum, the world’s second-largest cryptocurrency. Despite a recent price dip, the network has witnessed a surge in new user activity, sparking a wave of optimism. However, the outsized influence of large holders, known as whales, continues to cast a long shadow. New Wallets Open For Business Data from blockchain analytics firm Santiment reveals a surge in new Ethereum wallets, with a record-breaking 267,000 created on April 28th and 29th. This influx marks the highest two-day increase since October 2022 and suggests a potential resurgence of interest in the Ethereum network. 📈 #Ethereum saw…

EthereumMay 3

XRP Might Make You Poor, Says Fox Business Journalist

In a recent post on the X social media network, Charles Gasparino, a prominent reporter at the Fox Business channel, has warned XRP holders that they "might be getting poor" depending on how things turn out for Ripple. "In other words, you are probably not getting rich on XRP and might be getting poor depending on how this shakes out," he wrote on the X social media network. Gasparino's bearish prediction stems from the fact that Ripple, the controversial company associated with the token, is still not out of the woods when it comes to its years-long legal battle against…

AltcoinsMay 3

US Senators Urge President Joe Biden to Act on Crypto Regulation

Amidst growing concerns over the use of cryptocurrency to circumvent sanctions, Senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine) have called upon the Biden administration to tighten crypto regulations. Their concerns were highlighted in a recent letter to high-ranking officials, pointing out Iran’s gains from crypto mining. US Senators to Biden: Act Now on Crypto Regulation The senators highlighted the urgency of the matter, noting that Iran has managed to amass millions of dollars through cryptocurrency. This wealth purportedly supports domestic and international financial activities. It also contributes to the funding of organizations like Hamas. “Iran is using cryptocurrency to…

LegalMay 3

Ethereum to break out of bearish move, ETH ETFs unlikely in 2024

Ethereum would likely sustain trading inside key range despite recent sharp movements outside it. Hong Kong spot Bitcoin and Ethereum ETFs recorded a second day of very low trading volume on Thursday. Bloomberg analyst James Seyffart doesn't see spot Ethereum ETFs happening until 2025. Ethereum (ETH) is beginning to show signs of recovery on Thursday despite a second consecutive day of poor performance in Hong Kong's spot Ethereum ETFs. Bloomberg analyst James Seyffart has also shared that a spot Ethereum ETF may not happen in the US in 2024. Daily digest market movers: Spot Ethereum ETFs unlikely in 2024 Ethereum…

EthereumMay 3

This Solana-Based Mem Token Outperformed PEPE! Are DOGE and SHIB Next?

While the mem token craze has increased recently, Solana-based mem tokens have come to the fore. Among the Solana-based mem tokens, Dogwifhat (WIF) is undoubtedly the most notable project, while Binance, the world's largest cryptocurrency exchange, also listed WIF. At this point, while WIF has experienced an unstoppable price rise this year, the WIF price exceeded $ 4 today and left PEPE behind, becoming the third largest meme token after DOGE and SHIB, with a market value reaching $ 4 billion. WIF, which exceeded $ 4 with an increase of more than 230% in the last 24 hours, continues to…

AltcoinsMay 3

Ripple Ramps Up Effort to Strike SEC's Expert Materials

San Francisco-based company Ripple has filed a new letter to bolster its motion to strike the U.S. Securities and Exchange Commission's expert materials. As reported by U.Today, Ripple moved to strike the expert materials from Andrea Fox, an assistant chief accountant in the regulator's Division of Enforcement Its key argument against the SEC hinged on the untimely disclosure. The defendant said that the regulator was supposed to disclose its expert witness before the final stage of the discovery. Ripple took issue with the fact that Fox was not disclosed as an expert witness. Instead, she was described as a summary…

LegalMay 3

Bitcoin Price Nosedives, Can Bulls Save The Key Support at $60K?

Bitcoin price took a hit and even spiked below $60,000. BTC could gain bearish momentum if there is a daily close below the $60,000 support zone. Bitcoin started another decline and traded below the $61,200 zone. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $60,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate lower if it fails to recover above $60,400 and then $62,000 this week. Bitcoin Price Reaches Support Bitcoin price started another decline below…

BitcoinMay 3

Ethereum Price Could Rally If It’s Able To Reclaims The 100 SMA

Ethereum price started a recovery wave from the $2,820 zone. ETH is rising and now facing a major hurdle near the 100-hourly simple moving average. Ethereum found support at $2,820 and started a recovery wave. The price is trading below $3,050 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it fails to clear the $3,050 resistance. Ethereum Price Faces Key Hurdle Ethereum price extended losses below the $3,000 level, like…

EthereumMay 3

Tron Accounts for Nearly Half of Illicit Transactions: Report

According to analytics firm TRM Labs, the Tron blockchain is responsible for a whopping 45% of illegal cryptocurrency transactions in 2023, the South China Morning Post reports. The blockchain, which is associated with controversial entrepreneur Justin Sun, is becoming increasingly popular with drug traffickers, but Bitcoin still maintains the lead there. Tron has emerged as an increasingly attractive option for criminals due to its speed and low transaction fees. The report states that Tether, the top stablecoin, accounted for more than $19 billion of illegal transactions. Roughly 1.6% of the stablecoin's total volume was linked to criminal activities. The Tron-based…

AltcoinsMay 3

New Development in Terra (LUNA) Lawsuit in which SEC Demands $5 Billion

In Terra (LUNA) v. SEC, attorneys representing Terraform Labs are fighting the U.S. Securities and Exchange Commission (SEC) after the agency sought billions of dollars in fines. The firm's legal team argues that the token sales occurred “almost entirely outside the United States,” according to a brief filed Wednesday. The SEC disputed this claim, arguing that Terraform Labs “targeted US investors” and therefore should pay a hefty $5.3 billion penalty, mostly in damages. However, Terraform's lawyers disputed this, stating, “…the SEC has presented no evidence that Defendants' limited activities in the United States directly caused any losses, losses in the…

LegalMay 3