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.

Creator of rabbit AI assistant has hidden NFT past

Founders of rabbit r1, a supposed competitor to the smartphone, are also behind the launch of a failed NFT project that they’re reportedly hiding from the web. The $200 rabbit r1 was created by CEO Jesse Lyu and billed as the ‘future of human-machine interface.’ However, its sleek design and funky scrolling weren’t enough to woo techies and the device was roundly criticized on release. Now rabbit r1’s negative reception has brought attention to Lyu’s prior work on a failed NFT project called Gama. Lyu was CEO of Gama’s parent company, Cyber Manufacture Co., before it rebranded to rabbit Inc.…

NFTMay 2

Ripples Moves 130,000,000 XRP Amid Price Struggles

On-chain data shows a significant movement of XRP by Ripple as the cryptocurrency’s price grapples with $0.61. In the past few months, the price of XRP has underperformed against the rest of the market. The recent revelation of a potential $2 billion for Ripple in its lawsuit with the U.S. Securities and Exchange Commission (SEC) also did not help XRP’s course in the past week. Amid the turmoil, on-chain evidence also shows Ripple moving large sums of XRP. On Thursday, a blockchain address associated with the company transferred 130 million XRP ($79 million) to another wallet. The dynamics surrounding the…

AltcoinsMay 2

Bitcoin retraces back to critical monthly all-time high support level from 2021

Bitcoin will close April down this evening following a drawdown of roughly 15% since the start of the month. The close of the monthly candle will mark the end of seven successive green candles and the end of a record-making streak. Bitcoin opened the month with a new all-time high for a monthly candle close at around $71,200. The previous high was around $60,500, set in 2021 when Bitcoin traded again as of press time. The psychological support of $60,000 is expected to be an essential marker for Bitcoin in the coming week. Sentiment is waning with the reduction of…

BitcoinMay 2

Hong Kong's Prominent Web3 Jeweler

Payal Shah, renowned jeweler to the stars and a prominent figure in Hong Kong's art and tech spheres, is on a mission to democratize the digital space, particularly for women. As the founder of L'Dezen, a pioneering jewelry brand that seamlessly merges physical luxury with digital innovation, Shah has been at the forefront of incorporating non-fungible tokens (NFTs) into her creations, allowing customers to own both physical pieces and their digital counterparts. — With over 115,000 followers on Instagram, Shah's influence extends beyond the realm of jewelry into the world of technology. In a recent interview with South China Morning…

NFTMay 2

Ripple EVM Sidechain Hits Epic Milestone, What It Concerns

The XRP Ledger EVM sidechain developed by Peersyst in collaboration with Ripple has marked an exciting milestone with the release of a new bridge version. One of the standout features of this milestone is the introduction of a scalable interface designed to accommodate future XRP Ledger interoperability. The new bridge version would bring significant benefits to XRP Ledger by enhancing interoperability as it is adapted for multiple networks, wallets (for each network) and tokens (for each pair of networks). 📢 Exciting milestone reached on the #EVMSidechain! We are very excited to release the new version of the bridge ↕️ with…

AltcoinsMay 2

Bitcoin (BTC) Billboard Takes Center Stage in Times Square, Advocating for its Expansive Potential

In a bold move that has captured the attention of passersby and digital enthusiasts alike, a striking Bitcoin (BTC) billboard has emerged in the heart of Times Square, New York. Brought to the viewers by the team behind Stacks, a prominent Bitcoin Layer-2 protocol, the billboard proudly declares, “Bitcoin is more than you think,” urging viewers to reconsider the expansive possibilities inherent in the world’s leading cryptocurrency. The eye-catching billboard serves as a beacon for curious onlookers, directing them to delve deeper into the potential of Bitcoin through a provided website link. Upon visiting the website, visitors are greeted with…

BitcoinMay 2

Major Reminder of “SHIB Breaking Binance” Sent by Dev Team to Shiba Inu Army

The official Shiba Inu account on the X social media network (known as Twitter in the not so distant past) has issued a post to celebrate an important victory of SHIB on the Binance exchange in the time when it was still run by its founder Changpeng Zhao (CZ). The post referred to it as “SHIB army broke Binance”. SHIB "breaking" Binance during listing The SHIB account quoted CZ’s tweet dated by May 10, 2021, where the Binance CEO at that moment spoke about “certain concerns about SHIB listing.” CZ shared that a large number of users demanded the platform…

AltcoinsMay 2

Hedera's Diamond Tokenization unlocks a new era of investment

Investors can now buy diamonds, which have always been popular and desirable due to the available technology. Despite the long-standing recognition of diamonds as a symbol of wealth and security, the demand for these valuable gems typically necessitates specific skills and funding. The winding road toward investment in diamond trading was expensive. Although standardized diamonds are increasingly considered a viable investment option worth approximately $1.2 trillion globally, they only constitute nearly 1% of the diamond market due to some specific barriers and complexities. Once the company sees the depth of the opportunity here, Diamond Standard becomes the game changer, making…

BlockchainMay 2

AI predicts Bitcoin price for May 31, 2024

With Bitcoin (BTC) descending back to the area around $60,000 following the underwhelming results of the first Hong Kong spot Bitcoin exchange-traded funds (ETFs), artificial intelligence (AI) algorithms are pessimistic in terms of its future price for the next month. Indeed, the six Hong Kong ETFs that offer exposure to Bitcoin and Ethereum (ETH) have significantly missed their targets by a wide margin, reaching a combined trading volume of $11 million, a minuscule fraction of the anticipated $125 million, sending the cryptocurrency market tumbling. BTC price prediction As for its future performance, the advanced AI algorithms do not see Bitcoin’s…

BitcoinMay 2

Vitalik Buterin Finally Speaks Out About Meme Coins

Vitalik Buterin has finally revealed his thoughts on the ongoing hype around meme coins in the cryptocurrency space. Meme coins, like Dogecoin, which started in 2015, have had their moments of fame, particularly during 2020-2021. They are back in the spotlight, but not for reasons that everyone likes. Some recent meme coins on the Solana network have been criticized for having offensive content. Besides, many of these coins do not seem to bring anything valuable or new; they just rise and fall in price. In even more cases, meme coins drain liquidity, causing massive losses to their investors. Buterin suggests…

AltcoinsMay 2