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.

Long-Term Bitcoin Holders Are Finished Dumping Their Coins: Analyst

Bitcoin HODLers appear to have finished taking profits from their long-dormant coins after an early-year rally pushed them far into the green, according to a popular crypto market analyst. In a Monday X post, TXMCtrades said that the market has “likely absorbed the majority of the Long-Term Holder supply we will see activated in this run.” Behavior Of Long Term Bitcoin Holders “As in every cycle, old supply came to life at the highs to pay itself for years of enduring risk,” he explained. As in every cycle, old supply came to life at the highs to pay itself for…

BitcoinMay 3

Ethena’s Prelaunch Futures Surge 22% as ENA Token Is Set To Go Live Next Week

Decentralized finance protocol Ethena will airdrop 750 million ENA tokens to USDe holders on April 2. Aevo's prelaunch futures tied to ENA surged over 20% early Friday. Prelaunch futures tied to decentralized finance protocol Ethena’s impending governance token ENA surged on Friday, implying a market capitalization of over $500 million at inception. The ENA/USD pre-debut futures listed on the decentralized exchange Aevo changed hands at 73 cents during the Asian trading hours, representing a 22.29% gain on a 24-hour basis. Ethena, home to the $1.3 billion USDe token, will airdrop 750 million ENA, equating to 5% of the total supply,…

AltcoinsMay 3

Bitcoin Market Sees Sell-Off Before FOMC Meeting

The Bitcoin market experienced a wave of selling pressure yesterday, with Bitcoin ETF outflows reaching a weekly high of $162 million. This comes just a day before the highly anticipated FOMC meeting, where the Federal Open Market Committee will discuss potential interest rate hikes. The outflows mark the fifth consecutive day of decline for Bitcoin investment funds, reflecting growing uncertainty in the market. According to SoSoValue, total net outflows from Bitcoin spot ETFs yesterday, April 30, were as high as $162 million. GrayscaleETF GBTC had a single-day net outflow of US$93.2277 million, and the current historical net outflow of GBTC…

BitcoinMay 3

Litecoin Dominates Crypto Payments, Gearing Up for Major Network Upgrade with MWEB

Litecoin now leads the crypto payment sector, with a significant share of transactions. Anticipated MWEB upgrade aims to enhance Litecoin’s scalability and fungibility. “Enjoy using one of the most scalable, fungible cryptocurrencies ever.” – Litecoin Foundation. As Litecoin ascends to the pinnacle of crypto payments, its imminent MWEB upgrade promises to redefine scalability and privacy in digital currencies. Litecoin Takes the Lead in Crypto Payments Litecoin has officially surpassed Bitcoin, Ethereum, and Dogecoin combined in terms of payment transactions, making it the preferred cryptocurrency for payments globally. According to Bitpay, Litecoin accounted for 41.76% of its total transaction count in…

AltcoinsMay 3

Bitcoin Posts Worst Month Since FTX Collapse Amid Ebbing ETF Euphoria

Bitcoin has experienced its most challenging month since the collapse of Sam Bankman-Fried’s FTX empire, as the excitement surrounding US spot Bitcoin ETFs continues to wane. The cryptocurrency’s value plummeted by nearly 16% in April, only slightly better than the decline witnessed in November 2022, according to data accumulated by Bloomberg. The surge in demand fueled by the anticipation of ETFs propelled bitcoin to an all-time high of almost $74,000 in March. However, as optimism for Federal Reserve interest-rate cuts waned and risky investments lost their allure, inflows to these products significantly decreased. Spot Bitcoin ETFs See $182 Million in…

BitcoinMay 3

Vitalik Buterin Says Worldcoin Doing Good Job at Taking Privacy Criticism Seriously

Ethereum co-founder Vitalik Buterin has recently commented on Worldcoin’s attempt to ensure user data’s privacy, acknowledging their effort. Replying to a user’s post on social media Buterin addressed to the project co-founded by OpenAI’s Sam Altman, saying that Worldcoin has done “quite a good job” when it comes to protecting personal information with cryptography. “IMO [In my opinion] they actually have been doing quite a good job of taking the privacy critiques seriously and designing their system to be more and more> IMO they actually have been doing quite a good job of taking the privacy critiques seriously and designing…

AltcoinsMay 3

Bitcoin Falls to $57,000 Amidst Decreasing Demand: When Can Price Reverse?

The recent downturn in Bitcoin prices has captured the attention of cryptocurrency investors, with the digital currency currently hovering around $57,000. The low is fueled by a sharp reduction in demand, signaling potential shifts in the market sentiments. Bitcoin Whales Decrease Accumulation Traditionally driven by robust demand from permanent holders and large investors, Bitcoin has seen a stark reversal in this trend. According to a CrytoQuant report shared with BeInCrypto, there has been a dramatic 50% drop in monthly growth from permanent holders. The demand decreased from over 200,000 Bitcoins in late March to 96,000 currently. Permanent holders are investors…

BitcoinMay 3

RWA protocol Untangled Finance debuts private credit pool on Celo

Real-world asset (RWA) protocol Untangled Finance has announced its first on-chain securitization pool on the Celo blockchain. The pool is structured under Luxembourg’s securitization laws, collateralized by a diverse set of French working capital assets from fintech Karmen, and has a debt ceiling set at $6 million. The Credit Collective, supported by Fasanara Capital as the senior lender, has shown early support for this initiative, which is part of a larger €100 million senior facility agreement with Karmen. The pool offers access to credit analytics for verified investors who pass a comprehensive know-your-customer (KYC) process, ensuring asset protection against originator…

DeFiMay 3

The Impact of VeChain’s Revolutionary Marketplace-as-a-Service Platform

VeChain introduces groundbreaking Marketplace-as-a-Service platform for asset tokenization. Partnership with Gresini Racing signifies enterprise adoption of VeChain’s innovative technology. VeChain’s NFC-enabled “phygitals” revolutionize real-world asset management and trading. In a groundbreaking move, VeChain has unveiled its much-anticipated Marketplace-as-a-Service (MaaS) platform, heralding a new era in digital asset management. This innovative platform offers a no-code solution, empowering both businesses and individuals to create NFT marketplaces for digital and physical products. 8/ That's a wrap for today's Alpha-packed thread! 🚀 If you like this thread: – Give us ❤️ – Retweet to share the knowledge – and follow us @CryptoBusy for more!…

AltcoinsMay 3

Riot Platforms Reports $211.8M Q1 2024 Net Income, Falls Short of Revenue Expectations

Bitcoin mining firm Riot Platforms has announced a remarkable net income of $211.8 million for the first quarter of 2024, a staggering 1,000% increase compared to the same period last year. However, despite this impressive performance, Riot Platforms fell short of analyst revenue estimates. Riot Platforms released Q1 results on May 1, revealing that mining revenue experienced a significant 55.4% year-on-year surge, reaching $74.6 million. This growth was primarily attributed to a remarkable 131% increase in the price of Bitcoin. While the total revenue of the company amounted to $79.3 million, it fell approximately 14% short of the expectations set…

MiningMay 3