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.

Meme coin market cap soared over 100% in one month: IntoTheBlock

The meme coin sector has seen renewed speculative interest amid the ongoing crypto bull market, with the total market cap recently exceeding $50 billion, according to IntoTheBlock’s latest newsletter. This is a new cycle peakNew tokens like Jeo Boden and Dogwifhat have quickly risen in popularity, while 2020 darlings like SHIB and DOGE see resurgent trading activity. Jeo Boden rise peaked at almost 1,500% since its inception on Mar. 9, fueled by the hype around meme coins titled with notorious figures names spelled wrong. A similar movement was registered by tokens following the same pattern, like Doland Tremp, as its…

AltcoinsMay 2

Bitcoin's Price History Points to Bull Run in 120 Days at Most

In a recent analysis, prominent crypto analyst Ali Martinez highlighted a compelling pattern in Bitcoin's price movements following its halving events. Martinez pointed out that around the last two halving events, Bitcoin experienced significant consolidation periods before resuming its bull run. Notably, Bitcoin consolidated for 189 days in 2016 and 87 days in 2020 before the upward momentum kicked in again. Currently, BTC has been consolidating for 60 days, suggesting a potential breakout brewing. Martinez's observation is supported by a chart depicting the start of previous bull runs, which typically commenced with a strong buying wave leaving a long tail…

BitcoinMay 2

Is Ethereum Foundation Selling Satoshi-Era Ethereum? Mythical $6 Million ETH Transfer

An address labeled as part of the Ethereum Foundation, inactive for nine years since receiving ETH directly from the official foundation address, has suddenly transferred approximately 2,000 ETH, valued at around $6.5 million, to a new address. It is important to understand that just because an address once received funds from the Ethereum Foundation, it does not definitively tie it to the foundation's current operations. The transactional pattern could indicate that the wallet is not directly connected to the foundation but merely a recipient from years ago. #PeckShieldAlert #Ethereum Foundation-labeled address has transferred ~2K $ETH (worth ~$6.5m) to a new…

EthereumMay 2

15% decline in MSTR share price amid non-adoption of new FASB Bitcoin standards

Quick Take MicroStrategy, the business intelligence firm, has further solidified its position as a Bitcoin corporate treasury, holding approximately 1% of the total Bitcoin supply. During the first quarter of 2024, MicroStrategy acquired an additional $1.65 billion worth of Bitcoin, bringing its total holdings to a staggering 214,400 BTC. While there was speculation that MicroStrategy would adopt the updated FASB (Financial Accounting Standards Board) rules, which streamline Bitcoin accounting, the company ultimately decided against it. According to PunterJeff, a risk and capital advisor and long-standing MicroStrategy bull, due to the absence of FASB adjustments, MSTR incurred a $191 million asset…

RegulationMay 2

Arbitrum Foundation opens phase three funding for dApps

The Arbitrum Foundation has officially opened applications for the third phase of its funding plan, which will run from April 15 to the end of June. The phase aims to support dApp projects across various domains, including games, NFTs, social platforms, DAOs, and defi applications. The foundation is adopting a more structured approach by introducing grant tracks, allowing for a fairer and more transparent distribution of funds based on each project’s stage, growth prospects, and type. Phase two is set to end on April 3. What’s new? Grant Tracks. – Phase 3 will continue to focus on dApps but introduce…

AltcoinsMay 2

Bitcoin price red alert as 7-month green streak ends; How bad is it?

After months of rallying and predominantly trading in the green zone, Bitcoin (BTC) faces a new sobering reality, with the maiden cryptocurrency poised to close April with losses. These losses come after the asset enjoyed a seven-month streak of bullish price movements, highlighted by key events such as the approval of the first US spot Bitcoin exchange-traded fund (ETF) and the halving. Reviewing the asset’s price, crypto trading expert TradingShot suggested in a TradingView post on April 30 that the one-month decline should not cause alarm. Notably, amid the price drop, Bitcoin has struggled to maintain its valuation above $60,000,…

BitcoinMay 2

What Does the SEC Chairman Think About Ethereum? Gensler Detail Attracted Attention in the ETH Case!

Fox Business reporter Eleanor Terrett said in her post that new court records show that SEC Chairman Gensler believes Ethereum is a security. According to the documents of the lawsuit that Ethereum development company Consensys recently filed with the SEC; The SEC and its chairman, Gary Gensler, believe ETH has been traded as an unregistered security for at least 1 year. Related News JUST IN: Ethereum (ETH) Case to SEC! According to new court documents, on March 28, 2023, Gurbir Grewal, head of the SEC's Division of Enforcement, approved a formal investigation order into the securities status of Ethereum and…

EthereumMay 2

OKX Ventures Partners with Stanford’s FDCI for Digital Currency Evolution

OKX Ventures, the venture arm of the popular crypto exchange and Web3 technology firm OKX, today announced a groundbreaking collaboration with Stanford’s Future of Digital Currency Initiative (FDCI) that will accelerate the growth and sustainability of blockchain technology while defining the digital currency revolution. We are excited to partner with @Stanford Future of Digital Currency Initiative to advance research and collaboration in promoting blockchain innovation!https://t.co/w2oeDPOASe — OKX Ventures (@OKX_Ventures) May 1, 2024 OKX Ventures and FDCI Collaborate to Redefine Blockchain Education The Future of Digital Currency Initiative at Stanford University is an industrial affiliates program situated in the Department of…

RegulationMay 2

Centrifuge brings tokenized treasuries to Celo

Centrifuge, a platform for on-chain finance that’s taking the lead in the tokenized real-world assets ecosystem, has announced the first RWA transaction on Celo. The platform revealed via a blog post on March 29 that the Celo ecosystem had allocated $1 million in US Treasuries on Centrifuge. According to the announcement, members from the Celo ecosystem allocated the investment into the Anemoy Liquid Treasury Fund. Anemoy, is a Web3-native asset manager whose LTF is a British Virgin Islands (BVI) licensed US Treasury fund. The fund has seen increased investor interest in recent months as investors eye low-risk yield. “The Celo…

AltcoinsMay 2

2,603 BTC Suddenly Moved from Coinbase by 4 Whales, Here’s Peculiar Nuance

As Bitcoin keeps plunging, some whales have been purchasing the world’s leading cryptocurrency on the dip. Analytics X account @OnchainDataNerd has reported that several hours ago, four anonymous cryptocurrency wallets purchased an impressive 2,603 BTC – that is the equivalent of approximately $166.2 million. The Bitcoin was purchased on the largest US crypto exchange Coinbase and withdrawn. The analytics account pointed out a curious, though inexplicable, nuance – after the withdrawal three of these wallets have the same balance of 762.8 BTC. That amount of Bitcoin is worth roughly $48.77 million. 10 hours ago, there were 4 wallets withdrew totally…

BitcoinMay 1