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.

Bitcoin Price Tumbles Below $60,000 as ETF/Macro Headwinds Mount – Is the BTC Bull Market Over?

The Bitcoin (BTC) price has tumbled more than 5% on Tuesday to below $60,000 following a disappointing first day of spot Bitcoin ETF trade in Hong Kong, and following fresh US economic data that points to sticky inflation and strengthens the argument that the Fed should wait before cutting interest rates. Having pushed nearly as high as $65,000 in early Asia trade, Bitcoin was last changing hands in the $59,900s. And as macro/fundamental headwinds build, technical analysis suggests that BTC could be headed for a near-term correction into the $50,000s. Since mid-April, the Bitcoin price has consistently found resistance at…

BitcoinMay 2

Crash incoming? Ripple to unlock 1 billion XRP on April 1

Ripple, the company behind the XRP Ledger development, will unlock 1 billion XRP tokens on April 1, worth $628.5 million. This is part of Ripple’s monthly sell-offs, which could negatively impact the XRP price in the following weeks. Historically, Ripple has been unlocking 1 billion tokens through escrows, finalized on the first day of every month since 2017. April will mark the start of a new epoch for XRP’s inflation, using different accounts from the past few years. So far, the company has been using ‘Ripple (22)’ and ‘Ripple (23),’ according to XRPScan, as reported in March’s unlock. Now, ‘Ripple…

AltcoinsMay 2

STEPN and Illuvium launch an exclusive sneaker raffle event

In a bid to remain relevant to its customers, STEPN, the well-known workout app that rewards people for remaining active, has joined forces with Illuvium, a virtual game world. Through this partnership, an inexperienced combination of active parts and gaming content will be presented in a revolutionary manner. In this partnership, which STEPN and Illuvium are organizing, Raffle Mint is a special event where winners are rewarded with fun co-branded STEPN x Illuvium sneakers. These footwear designs combine the famous characters of the Illuvials to attract not only the video game world but also health enthusiasts and fitness-competitive individuals. This…

GameFiMay 2

What is and how does the crypto exchange Kraken work

Kraken is a famous American crypto exchange. It is one of the oldest, as the company was founded in 2011 in San Francisco, only two years after the creation of Bitcoin. Actually, if we only consider the crypto exchanges still in full operation, it is one of the very few still existing among those founded before the first Bitcoin halving in 2012. The history of the crypto exchange Kraken Legal issues The advantages of the Kraken crypto exchange The features The guide The history of the crypto exchange Kraken The real crypto exchange, however, was launched only in September 2013,…

ExchangesMay 2

Chainlink to Launch Financial Information eXchange (FIX) Blockchain Adapter

Rapid Addition and Chainlink have announced a collaboration to create a Financial Information eXchange (FIX) native blockchain adapter. The goal is to enhance the ability of financial institutions to communicate with a wide range of tokenized assets. Blockchain Adapter For Institutional Trading Rapid Addition and Chainlink aim to bridge traditional financial communication systems with blockchain technology. The integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) with Rapid Addition’s FIX solutions promises a seamless interaction with tokenized assets. This adapter will cater to emerging markets. These include carbon credits, renewable energy products, and real-world assets such as real estate and collectibles. The…

BlockchainMay 2

What could drive BTC price with halving complete, ETF demand stalled

While inflows into spot bitcoin ETFs and anticipation around the Bitcoin halving helped fuel BTC’s price rally in the first quarter, the asset may now need a new upward driver. Investor demand for the US bitcoin funds have stalled in recent weeks and “halving” headlines have slowed given the event came and went on April 19. Bitcoin’s price (BTC) was about $60,300 on Tuesday at 3 pm ET — down 13% from a month ago. The asset had seen a record seven consecutive months of price growth. That is set to end in April, a fate some segment observers had…

BitcoinMay 2

Shiba Inu Whales Send 1.4 Trillion SHIB Tokens to Major Exchange

A monumental movement of Shiba Inu (SHIB) tokens to the KuCoin exchange has jolted the crypto world awake. Whale Alert, the ever-watchful eye on blockchain transactions, flagged an astounding transfer of over 1.4 trillion SHIB, translating to a market value of approximately $43.5 million. Originating from an enigmatic source, this transfer is not just a numerical feat but a narrative-rich event that potentially foreshadows a significant shift in the Shiba Inu market landscape. 🚨 🚨 1,407,941,951,453 #SHIB (43,508,926 USD) transferred from unknown wallet to #Kucoinhttps://t.co/nY3a5Me9sO — Whale Alert (@whale_alert) March 29, 2024 The market movements by crypto whales are akin…

AltcoinsMay 2

First Cryptocurrency Statement After the Penalty from Binance Founder CZ!

The ongoing criminal case against CZ, the founder of Binance, the world's largest cryptocurrency exchange, was concluded yesterday and CZ was sentenced to four months in prison. While US prosecutors requested a 36-month prison sentence for CZ, the court did not accept this request and gave CZ a much lesser sentence. CZ made his first statement after this sentence and thanked everyone who supported him during this process. “I want to thank everyone for your care and support throughout this process, whether it's writing a letter, showing support at X, or any other way. They all mean so much to…

ExchangesMay 2

Bitcoin Miners Log Second Highest Monthly Revenue in April, Despite Falling Hash Value

In April, bitcoin miners amassed the second-highest monthly revenue of the past year, following the unprecedented earnings in March. In total, they collected $1.79 billion, which, although $220 million less than the previous month, still exceeded the revenues of December 2023, which totaled $1.56 billion. Bitcoin Miners Recorded Strong Revenue Last Month On May 1, 2024, Bitcoin’s hashprice significantly decreased to approximately $44.97 per petahash, a sharp decline from $50 just two days prior. The hashprice represents the expected daily earnings from 1 petahash per second (PH/s) of mining power. Despite the downturn in hashprice, April’s revenue remained strong, marking…

MiningMay 2

Advancing Distributed Ledger Technology With Quantum

In the evolving world of distributed ledger technology (DLT), the drive towards standardization has become a critical focus for enhancing system interoperability and security. The International Association for Trusted Blockchain Applications Standards Committee has recently highlighted the urgent need for standardized protocols through a comprehensive survey and ongoing research initiatives. The Role of Standardization in DLT The recent survey conducted by the association sheds light on the existing state of DLT frameworks and the disparate nature of current technologies. Standardization is defined as the process of developing and implementing technical standards to foster compatibility and efficiency across different systems and…

BlockchainMay 2