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.

Six $ETH Whales Dump 44K Tokens Following the Market Downturn

The price of the 2nd-biggest crypto asset $ETH has recently plunged by more than four percent. Lookonchain, a well-known on-chain analytics provider, has disclosed that 6 whales have immediately responded to this dip by dumping their ETH tokens. The majority of the respective tokens reportedly went to the popular crypto exchange Binance. 6 whales dumped more than 44K $ETH($140M) after the market dropped! 0x4353 deposited 10,431 $ETH($32.66M) to #Binance.https://t.co/3hqVXQvHlu 0x4446 deposited 11,892 $ETH($38M) to #Binance.https://t.co/HvLu7N4DnM 0x488b sold 3,543 stETH($11.23M) at $3,170 and 3,000… pic.twitter.com/93ISSkJWfW — Lookonchain (@lookonchain) April 29, 2024 6 Whales Respond to $ETH Dip by Dumping 44K Tokens…

EthereumMay 1

New memecoins begin to land on Neo N3

Several memecoins have recently launched on the Neo blockchain and can be swapped on the Forthewin Network DeFi platform. The increased activity surrounding memecoins on Neo mirrors current trends on other networks like Solana, Ethereum, and other EVM L2s. As of March 2024, the four most popular new memecoins on Neo include Schrute Bucks (SCHRUTE), Frank Coin (FRANK), Ape Coin (APE), and The Hongfei (HD). Each memecoin is paired only against GAS, except for HD, which is also paired against bNEO. At the time of press, each of the LPs contains 296.684, 696.471, 1,770.801, and 4,312.083 GAS, respectively, totaling roughly…

AltcoinsMay 1

Bitcoin testnet griefing attack draws ire from developers

Jameson Lopp, co-founder and Chief Security Officer of the crypto self-custody platform Casa, has claimed responsibility for a griefing attack on the Bitcoin testnet network that disrupted its normal functioning. A griefing attack involves intentionally spamming transactions on a network, increasing its workload and disrupting its usual operations, often frustrating other network users without necessarily providing financial benefit to the attacker. In a post on the decentralized social media platform Nostr, Lopp stated: “My griefing attack on Bitcoin testnet has resulted in over 165,000 blocks (3 years worth) generated in the past week. 😏” Hashrate and block difficulty data on…

BitcoinMay 1

Will the SEC Prevail Against Ethereum? When Will ETH ETFs Be Approved? Giant Bank Comments

Recently, Ethereum developer Consensys sued the US Securities and Exchange Commission (SEC) in a landmark case that could redefine the future of cryptocurrencies. The developer is seeking a declaration that ETH is not a security. The legal battle, which started last week, is expected to last a long time, according to investment bank TD Cowen. The bank reiterated its view that spot Ethereum ETFs are unlikely to gain approval before 2025. “We believe litigation will take years, and our view remains that the SEC is unlikely to approve Ethereum ETFs before 2025,” TD Cowen Washington Research Group, led by Jaret…

EthereumMay 1

The Advantages of XRP Ledger

What is XRPL? XRPL is a decentralized public Blockchain enabling quick transfers of XRP, fiat currencies, and digital assets, open to all for development. Jed McCaleb, along with Arthur Britto and David Schwartz, established Ripple Labs in 2012 with the vision of creating the XRP Ledger (XRPL). This initiative aimed to develop a robust ledger technology capable of supporting not only the native digital asset, XRP, but also serving as a global payment infrastructure. Ripple Labs aimed to tackle the inefficiencies and delays inherent in traditional financial systems by introducing a decentralized ledger capable of settling transactions in seconds. This…

AltcoinsMay 1

7 Tips to Earn More Bitcoin on iOS and Android

If you're looking to bank a little bit of Bitcoin while playing fun mobile games, there are loads of free play-to-earn iOS and Android games that pay satoshis (1/100,000,000 BTC) while you play and view ads. Not all of them are worth the hassle, but we’ve recommended some that we like. One of them is SpaceY, an amusing asteroid-mining game from Fumb Games that pays out Bitcoin as you skip across the galaxy to harvest resources. It’s simple and straightforward, but there’s a bit of strategy in the mix—ways to boost your earnings by taking advantage of every opportunity that…

GameFiMay 1

Bitcoin Wavers Around $63K, Awaiting Hong Kong Spot Crypto ETF Debut

Cryptocurrencies gave up their weekend gains, with the broad-market CoinDesk Market Index declining 3% over the past 24 hours. The first batch of Hong Kong-listed spot bitcoin and ether ETFs will start trading on Tuesday morning. ChinaAMC's head of digital asset management said the offerings will be beneficial for crypto prices improving liquidity and expand participation. Crypto markets were lower across the board, with bitcoin (BTC) wavering near $63,000 as the upcoming Hong Kong crypto spot exchange-traded fund (ETF) debut has failed to spark excitement among investors. BTC drifted lower during the day from $64,000 over the weekend, slipping briefly…

BitcoinMay 1

Ethereum Flashes Bullish Signals, Can It Rally 50% From Here?

The second-largest crypto token by market cap, Ethereum (ETH), finally showed some form of life as it rose to $3,300 over the weekend. This move is believed to be the beginning of a trend reversal for the crypto token, which has several bullish signals on its chart. Ethereum Has A Bullish Chart Crypto analyst Derek revealed in an X (formerly Twitter) post that the signals on Ethereum’s Moving Average Convergence/Divergence (MACD) indicator “seem to have ended the decline and changed upward direction.” He also highlighted the Ethereum Dominance chart, which has confirmed three bottoms and gave a strong rebound. Related…

EthereumMay 1

Billionaire Michael Novogratz Regrets Not Jumping on Dogwifhat (WIF)

American billionaire crypto investor Michael Novogratz has wittily expressed regrets for not holding the fastest-growing Solana meme coin, Dogwifhat (WIF). Novogratz made the remark at a recent conference in Manhattan as captured in a recent report by Bloomberg. The conference was about Bitcoin’s surge into mainstream investing. However, during the summit, attendees were captivated not by the behemoth cryptocurrency but by the newcomer WIF, distinguished by its logo of a dog donning a cozy knit hat. Amid discussions led by industry luminaries and top executives from financial giants like BlackRock, Novogratz, the CEO of Galaxy Digital, playfully expressed remorse over…

AltcoinsMay 1

Riot Platforms’ Q1 earnings ‘further solidify our growth path’

Riot Platforms Inc is in the green at writing after reporting a surprise profit for its first financial quarter. Revenue printed at $79.3 million in Q1 – versus $95.5 million that experts had forecast, as per the press release the bitcoin miner posted on Wednesday. On the plus side, however, analysts had called for a 21 cents loss on a per-share basis while Riot Platforms came in at a record 82 cents per share of earnings. According to Jason Les – its chief executive: [Riot] achieved a number of significant milestones [in Q1] which further solidify our growth path. Riot…

MiningMay 1