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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.

ETH's Consolidation Phase Highlights Potential Downward Trajectory

As ethereum continues its price fluctuations, technical indicators on the 1-hour, 4-hour, and daily charts suggest a bearish outlook with mixed trading signals. Despite some bullish undercurrents, the predominant sentiment remains cautious. Ethereum Ethereum’s (ETH) price action has shown a downward trend on the 1-hour chart, marked by a series of lower highs and lower lows, signaling continued bearish momentum. This downtrend is mirrored in the 4-hour chart where a recent sharp decline was followed by a modest recovery, only to descend again, indicating strong selling pressure. The daily chart underscores this bearish narrative with a significant downward trend from…

Ethereum

Anchorage, Arca Labs link up in bid to advance tokenization adoption

Anchorage Digital is now custodying shares of a tokenized Treasury fund via a partnership with Arca Labs meant to advance institutional participation in the segment. The link-up comes as the tokenization of real-world assets is set to continue as a “defining trend” for institutional crypto in 2024, Anchorage CEO Nathan McCauley told Blockworks. The innovation unit of crypto investment firm Arca first issued shares of its US Treasury Fund as digital asset securities, known as ArCoin, in 2021. The company has argued that ArCoin can replace US Treasurys in enterprise workflows while reducing costs and improving transparency. The company has…

Regulation

A European Investment Company Managing $600 Million Invested Millions of Dollars in This Altcoin

Yolo Investments, a venture capital firm with strong interests in games, fintech, blockchain and emerging technologies, recently announced an $8 million investment in Toncoin and the overall TON ecosystem. Justin Hyun, Director of Growth at TON Foundation, said he is excited to have Yolo Investments join TON: “Yolo Investments has demonstrated its commitment to the ecosystem by investing in various projects. We believe that the theses of cryptocurrency mass adoption through Telegram, especially the gaming industry, are compatible with our go-to-market strategy. “We look forward to working with Yolo Investments to bring crypto to the masses through platforms like LearnCrypto.com…

Altcoins

What Is the Bitcoin Genesis Block? How It All Started

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE On Saturday, January 3, 2009, Bitcoin was born. With the creation of the very first Bitcoin block—known as the 'Genesis Block'—the first set of 50 BTC was mined into existence. This genesis block is considered the start of the Bitcoin blockchain—and the beginning of the cryptocurrency revolution. Many would argue that the day it was minted represents Bitcoin's birthday. Though others instead believe that Bitcoin's birthday is actually three months earlier—when the Bitcoin whitepaper was first released. As the first block ever created, the genesis block is the start of the immutable…

Bitcoin

Matera raises $3.6 million to boost creator economy by fusing DeFi with social media

Web3 startup Matera successfully raised $3.6 million to build a platform to solve the monetization challenge prevalent in the creator economy, according to a press release shared with CryptoSlate. The funding round included several notable names like Sidedoor Ventures, HighCass Crypto, Medusa Ventures, The Sandbox, and Saxon Partners. DeFi for creators Matera’s mission involves integrating DeFi with established social media platforms to reshape the creator economy landscape. This approach combines the expansive reach of web2 platforms with the innovative potential of web3, aiming to transform creator networks into vibrant economies. Essentially, Matera is not trying to replace existing platforms. Instead,…

DeFi

Ethereum faces a brick wall resistance at this price

Ethereum (ETH), a leading player in the cryptocurrency market, is currently facing a formidable resistance level at $3,200. This specific ETH price point has emerged as a significant barrier due in part to the substantial holdings of approximately 2.43 million addresses, which collectively possess 5.14 million ETH as detailed by crypto analyst Ali Martinez using IntoTheBlock data on X (formerly Twitter). #Ethereum faces a brick wall resistance at $3,200, where 2.43 million addresses hold 5.14 million $ETH. pic.twitter.com/44MEA0Xge3 — Ali (@ali_charts) April 29, 2024 As of the latest market data on April 29, Ethereum is priced at $3,172.98, marking a…

Ethereum

BlackRock doubles down on tokenization via investment in Securitize

The world’s largest asset manager appears poised to move deeper into the tokenization space after injecting capital into a tokenization firm it has worked with before. BlackRock led a $47 million funding round for Securitize, a company focused on bringing physical and traditional financial assets onto the blockchain, the firms said Wednesday. Fintech companies and traditional finance giants have increasingly been testing out tokenization, noting that blockchain rails can help reduce costs and improve transparency. BlackRock Larry Fink has called tokenized securities “the next generation for markets.” To that end, BlackRock and Securitize are not strangers. BlackRock launched its first…

Regulation

Whales Move Over $618,000,000 in Bitcoin, Ethereum, XRP and Chainlink – Here’s Where the Crypto’s Headed

Deep-pocketed crypto investors are abruptly shifting hundreds of millions of dollars worth of digital assets to and from unknown wallets. New data from whale-surveying platform Whale Alert reveals that over $350 million worth of Bitcoin (BTC), the top crypto asset by market cap, was moved in two separate transactions. The first transaction saw a crypto whale move 3,599 BTC ($252,067,077) from one unknown wallet to another while the second transaction saw 1,500 BTC ($105,528,550) shifted from an unknown wallet to another. Bitcoin is trading for $69,671 at time of writing, a 1.9% decrease during the last 24 hours but a…

Altcoins

Bitcoin Price Plunges to $60,000 as Crypto Liquidations Top $300 Million

The price of Bitcoin plunged to nearly $60,000 per coin on Tuesday afternoon, prompting liquidations for the positions of those betting on the price of the asset to go up. CoinGlass data shows that in the past 24 hours, over $261 million in long positions for all cryptocurrencies have been liquidated. Including short positions, total liquidations stand at over $324 million. In the past four hours alone, the figure stands at nearly $70 million—$24.4 million of which were positions in Bitcoin. Currently, the price of Bitcoin sits at $60,309 per data from CoinGecko, though crypto exchange Coinbase shows that it…

Bitcoin

Top Solana Decentralized Exchanges (DEXs) to Watch in 2024

The Solana blockchain is home to hundreds of decentralized applications (dApp) that leverage the blockchain’s high throughput, scalability, and composability. There’s a reason it’s one of the largest DeFi ecosystems, with billions in total value locked. Decentralized exchanges (DEXs) underpin this bustling community and account for the lion’s share of the TVL on Solana. They provide users with the necessary tools to trade on-chain, swap between different tokens, offer liquidity, and much more. In the following, we attempt to provide comprehensive information on the best Solana DEXs, including important information about their protocols, but also: Key features Trading fees: critical…

DeFi