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.

A First Happens in Bitcoin (BTC) After Seven Months: Red Alert for Altcoins!

Bitcoin, the leading cryptocurrency, has closed every month in green, that is, with an increase, since last August. However, BTC appears to be on track to end its seven-month winning streak, which started in September. Because Bitcoin is preparing to close April in red after 7 months. While many analysts have made different assessments on this issue, the reason why Bitcoin closed April with a decline is a number of factors such as the reduced likelihood of the FED to cut interest rates in 2024, the decrease in demand for US-based spot Bitcoin ETFs and broad-based risk aversion in financial…

BitcoinMay 2

NFT Sales Dip Over 31% in April; Ethereum, Solana Experience Sharp Declines

Sales of non-fungible tokens (NFTs) experienced a 31.26% decline in April from the revenues recorded in March. Last month, statistics show that NFT transactions across several markets totaled approximately $1.15 billion in sales. NFT Revenues Shrink in April, Certain Bitcoin Collections Buck the Trend As April concluded and May commenced, data reveals that NFT sales for the previous month reached about $1.15 billion, reflecting a 31.26% decrease from March. The number of NFT purchasers also fell by 51.88%, while sellers saw a 45.72% reduction in the same period. Among the 24 blockchains that mint NFTs, Bitcoin emerged as the leader…

NFTMay 2

Brazil Is at the Top of Digital Money Initiatives in Latam

A recent report by Citi, a global financial institution, has put Brazil at the top of the nations leading the digital money initiatives in Latin America. The report states that Brazil features a combination of factors that ease the adoption of digital money such as government support and digital payment solutions. Citi: Brazil Leads Advancements In Digital Money In Latin America According to Citi, a global financial institution, Brazil is Latam’s most advanced country regarding money digitalization processes. A recent report issued by the bank found that the country features a combination of different factors that support this fact including…

RegulationMay 2

A Game-Changer for Lower Latency and Faster Finality

TL;DR Speed and Efficiency: Paris A and B protocols propose reducing Tezos block times to 10 seconds, aiming for lower latency and faster transaction finality, enhancing network speed and efficiency. Data Availability Layer: The introduction of the Data Availability Layer (DAL) on the Mainnet is expected to significantly increase scalability and throughput, especially for Smart Rollups like Etherlink. Proof-of-Stake Enhancements: Updates to the Proof-of-Stake mechanism include Adaptive Issuance and Slashing, and a new role called ‘Staker’, to improve security and incentivize participation in the network’s staking process. The Tezos blockchain community is abuzz with the latest advancements proposed by the…

AltcoinsMay 2

Disappointing Launch Day for Hong Kong’s Bitcoin, Ethereum ETFs as BTC Slumps Below $61K

Hong Kong’s debut of six new spot Bitcoin and Ethereum exchange-traded funds (ETFs) marked a trading volume of HK$87.5 million ($11.2 million). This volume was significantly below the inaugural trading of 11 spot Bitcoin ETFs in the U.S., which achieved a staggering $4.6 billion. Meanwhile, bitcoin’s price dumped below $61,000, having experienced a 2.3% decline within the last 24 hours and an 8% decrease over the past week. Hong Kong’s ETFs Record Low Volumes The Hong Kong Stock Exchange (HKEX) data indicates that the performance and interest in the six Bitcoin and Ethereum ETFs managed by China Asset Management, Harvest…

BitcoinMay 2

Solana and Bitcoin NFT trading hits record numbers

Bitcoin and Solana non-fungible token (NFT) market registered records in daily active traders (DAT) last week, according to the research blog OurNetwork. While Solana reached its all-time high of 59,300 DAT, Bitcoin registered a peak of 25,600 DAT. Solana’s rising DAT number represents a fourfold increase from the approximately 15,000 daily traders earlier last week. The publication attributes this growth to the influx of wallets engaging in sub-$10 transactions on platforms like Magic Eden and Tensor. Over the past week, Magic Eden has captured a significant 74% of Solana’s trading volume market share and 38% of its trader market share,…

NFTMay 2

Binance’s CZ in talks with Sam Altman to explore AI investments

Binance founder Changpeng Zhao appears to be eyeing investments in data centers focused on AI as part of his exploration into new investment opportunities. Ex-Binance boss Changpeng Zhao (CZ) reportedly engaged in multiple discussions with OpenAI CEO Sam Altman as he explores new ventures, despite the potential of facing three years in prison for allegedly permitting various money-laundering schemes on his exchange, the New York Times has learned, citing people familiar with the matter. The details of Zhao’s talks with Altman remain slim, with the sources only saying that the former Binance head is particularly interested in artificial intelligence. According…

RegulationMay 2

Massive 210 Million XRP Move Sparks Intrigue

XRP, the sixth largest cryptocurrency, is commanding attention owing to its latest on-chain activity. A staggering 210 million XRP tokens were transferred between unknown whale wallets, sparking intrigue and speculation within the crypto community. Crypto data tracker Whale Alert reports, "210,020,140 XRP worth $128,921,343 was transferred from unknown wallet to unknown wallet." 🚨 🚨 🚨 🚨 🚨 🚨 210,020,140 #XRP (128,921,343 USD) transferred from unknown wallet to unknown wallethttps://t.co/r6YU6t0pqn — Whale Alert (@whale_alert) March 29, 2024 In this case, the wallets remain unidentified, with no registered usernames on XRPL explorer Bithomp, adding to the mystery. In what might shed a…

AltcoinsMay 2

Gap Between Grayscale, BlackRock Bitcoin ETFs Narrows to $1.5 Billion

As the battle to be the top Bitcoin exchange-traded fund (ETF) provider in the U.S. rages on, the gap at the top has shrunk to $1.5 billion. The Grayscale Bitcoin Trust (GBTC) is currently top of the table with $18.7 billion assets under management (AUM), which includes approximately 297,000 Bitcoin. However due to months of outflows from GBTC, the BlackRock iShares Bitcoin Trust (IBIT) is putting pressure on the table leaders. Now with $17.2 billion AUM, BlackRock’s fund is only $1.5 billion away from flipping GBTC. To put this in perspective, the third placed fund on the Bitcoin ETF table…

BitcoinMay 2

Casio Launches NFT Collection Celebrating 50th Anniversary

Casio has signed strategic partnerships with creators that will design the collection. An iconic Casio watch model would be depicted in each work of art. In a partnership with Astar’s zero-knowledge Ethereum Virtual Machine (zkEVM), world-renowned watchmaker Casio has launched the NFT collection. The release states that this new breakthrough is intended to celebrate Casio’s 50th anniversary. The major partnership with Casio was also announced by Astar Network on X. It is vital that Casio and Astar zkEVM, a formidable alliance formed by Astar and Polygon, work together to improve scalability. Yoki Origins is a gamified user onboarding experience that…

NFTMay 2