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.

Survey Reveals 45% of Indian Users with Retirement Plans Are Investing in Crypto

A recent survey conducted by Mudrex has unveiled that nearly half of individuals with retirement plans in India have entered the realm of crypto. The Mudrex survey, which focused on crypto investments, found that 45% of users with retirement plans have allocated funds to cryptocurrencies, according to a report from The Economic Times. The revelation showcases a growing inclination to incorporate digital assets into long-term financial goals, such as retirement investment strategies. 50% Believe Crypto Will Become Primary Asset Class The survey also sheds light on the evolving perception of cryptocurrencies as a mainstream asset class. 50% of respondents believe…

RegulationMay 2

Hotly Anticipated AI Crypto Token to Go Live on Cardano

The Cardano network will be one of the cross-chain venues for users to access ASI, a new cryptocurrency that binds three top players in the AI and crypto space. One of the biggest developments from the crypto space this week is a multi-billion token merger involving three projects: SingularityNET, Ocean Protocol, and Fetch AI. The new partners announced the impending launch of the Artificial Superintelligence Alliance (ASI) and the merging of the three coins into the ASI token. While the merger will bind together a combined $7.5 billion worth of value that the projects have amassed, one of the questions…

AltcoinsMay 2

Boom or bust? Experts reveal Bitcoin price that will determine its fate

The 2024 Bitcoin (BTC) halving had many investors highly optimistic about how high the world’s premier cryptocurrency could go, but trading since the event brought a decisive shift in sentiment. Indeed, with BTC consistently remaining closer to $60,000 than $70,000 for prolonged periods, experts turned toward analyzing when and if the coin will collapse. In this climate, two prominent analysts – most active on X – arrived at much the same conclusion in rapid succession: Bitcoin may yet rise once again but cannot afford to fall below a crucial price. Bitcoin needs to stay above this price to surge again…

BitcoinMay 2

Turning $6K into $8 Million in Just One Day

A lesser-known token called TIM has emerged, attracting attention due to insiders turning a small investment of $6,404 into a staggering $8.29 million within 24 hours through TIM. The TIM frenzy ignited when two new wallets swiftly sold off $6,404 worth of Solana tokens to acquire a significant portion of TIM, totaling 526.6 million tokens, over half of the total supply. The broader cryptocurrency market has remained volatile in recent times exerting downward pressure. The Bitcoin (BTC) price has hovered around $63,000 while altcoins have been reporting double-digit losses over the past week. Amidst this turbulence, TIM, a relatively lesser-known…

RegulationMay 2

XYO Expands Influence in Asia-Pacific with Membership in Digital Assets Association (DAA)

XYO, a prominent player in the blockchain technology realm, just secured a new spot on its global map with its recent membership in the Digital Assets Association (DAA) based in Singapore. This move is seen as a significant step for XYO in expanding its reach and influence. — The DAA isn't just any run-of-the-mill association; it's a non-profit organization dedicated to integrating blockchain technology into traditional finance structures. Its primary goal is to bridge the gap between traditional financial systems and the promising world of tokenized real-world assets (RWA). With heavyweights from both traditional finance and blockchain projects onboard, including…

AltcoinsMay 2

Professional trader warns of ‘catastrophic’ market crash and crypto lows

After the cryptocurrency market started to drop following the disappointing trading volumes of the new Hong Kong spot Bitcoin (BTC) exchange-traded fund (ETFs), things have been particularly bad for the related crypto asset, which has dipped to the area of $61,000 in a matter of minutes. As it happens, the six Hong Kong ETFs with exposure in Bitcoin and Ethereum (ETH) have drastically missed market expectations on the first day of trading, with a combined trading volume of only $11 million, a fraction of the expected $125 million, as crypto market analyst WhaleWire noted on April 30. JUST IN: CRYPTO…

BitcoinMay 2

Tokenized Asset Issuer Backed Raises $9.5M as Crypto's RWA Race Heats Up

Switzerland-based Backed closed a $9.5 million fundraising round led by Gnosis. Tokenized real-world assets could swell to a $10 trillion market by the end of the decade, one asset management company forecasted. Tokenized asset issuer Backed said Tuesday that it has raised $9.5 million in a funding round led by Gnosis. Exor Seeds, Cyber Fund, Mindset Ventures, Stake Capital Ventures, Blockchain Founders Fund, Blue Bay Capital, and Nonce Classic also participating. With the investment, the company aims to speed up its private tokenization offering and onboard asset managers to blockchain rails, according to the press release. The investment occurred as…

RegulationMay 2

Redstone Network Launches to Power Fully On-Chain Ethereum Games

Redstone, a new Ethereum scaling network designed for fully on-chain games and “autonomous worlds,” launched its mainnet today—with a number of early games already available for play. Developed by Ethereum startup Lattice, Redstone was built via Optimism’s OP Stack scaling tech. But it’s much more than a rebranded riff on the layer-2 tech that also powers networks like Base and Zora—Redstone has been significantly retooled for the needs and demands of video games, particularly those that use blockchain for much more than asset ownership. “We've had core developers come along and make really cool contributions to the OP Stack,” Optimism…

GameFiMay 2

Bitcoin Dropped Below 62 Thousand Dollars, Bear Analyst il Capo Talked About the Latest Drop! Will the decline in BTC continue?

Bitcoin, the leading cryptocurrency, spent April with declines. If the price cannot rise, BTC will have its worst close since November 2022 with a monthly close of over 12%. In addition, as Bitcoin prepares to close April with a decline, it will also break its 7-month winning streak. At this point, while BTC started the week with a decline, today it continued its downward trend and fell below $ 62,000. Il Capo of Crypto, who is known for his bearish views and is frequently criticized by investors with his bearish comments, made an evaluation after the recent decline in Bitcoin…

BitcoinMay 2

BlackRock's BUIDL Becomes Largest Tokenized Treasury Fund Hitting $375M, Toppling Franklin Templeton's

BlackRock's BUIDL fund grew $70 million last week to take the top spot from Franklin Templeton's BENJI offering, which saw minor outflows, blockchain data shows. Growth of Ondo Finance's OUSG token was responsible for large part of the inflows. Asset management company BlackRock's (BLK) tokenized asset fund BUIDL became the largest of its kind Tuesday, overtaking rival Franklin Templeton's similar offering just six weeks after its debut. The BlackRock USD Institutional Digital Liquidity Fund, represented by the BUIDL token on the Ethereum (ETH) network and backed by U.S. Treasury bills, repo agreements and cash, now boasts $375 million of deposits…

RegulationMay 2