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.

Telegram Embraces Crypto for In-App Ad Purchases

Messaging app Telegram announced Sunday that in-app advertisements can be purchased using Toncoin, the TON blockchain’s native crypto. The update is part of Telegram’s user monetization strategy. Under this, the app will begin allocating 50% of ad revenue generated within public channels directly to their owners. Telegram chosen TON for its features including minimal transaction fees, processing speeds, and a record capacity for transactions per second. The TON (The Open Network) blockchain is a community-driven solution for facilitating high-speed transactions and fostering decentralized applications (dApps). It uses a Proof-of-Stake (PoS) consensus mechanism, enabling millions of transactions per second through a…

AltcoinsApr 29

'Clash of Clans' Maker Supercell Invests in Crypto Gaming Startup

Mobile giant Supercell, the company behind the smash mobile games Clash of Clans and Clash Royale, has invested in crypto gaming startup Games for a Living as part of a wider $3.2 million seed funding round. Games for a Living (GFAL) was co-founded by Trip Hawkins, the original founder and CEO of video game titan Electronic Arts (EA). Acting as chief strategy officer, the startup company is developing games based around NFTs and crypto tokens. With the fresh injection of capital, the startup plans to expand its core team and accelerate its production plans. This comes after the launch of…

GameFiApr 29

Bitcoin ETF Slowdown Is a Short-Term Pause Not the Beginning of a Negative Trend: Bernstein

Bitcoin ETF slowdown is a short-term pause not the beginning of a negative trend, the report said. Broker’s expectation of a bitcoin high of $150,000 by 2025 remains the same. The bitcoin mining cycle remains healthy after the halving, Bernstein said. The slowdown in bitcoin (BTC) exchange-traded fund (ETF) inflows is a short-term pause before ETFs become more integrated with private bank platforms, wealth advisors and more brokerage platforms, and not the beginning of a worrying trend, broker Bernstein said in a research report on Monday. The broker notes that the world’s largest cryptocurrency has been range-bound in terms of…

BitcoinApr 29

Buy signal for Ethereum as gas fees drop to 6-month low

Ethereum (ETH) gas fees dropped to $1.12 per transaction on April 27, a level previously visited on October 18. This could hint at a historical buy signal as cryptocurrency analysts point out gas fees as bottom and top indicators. In particular, the leading Santiment analyst Brian Q shared an insight on the platform, studying gas fees’ correlation to price. ETH was trading at $3,300 per token by press time. “Traders historically move between sentimental cycles of feeling that crypto is going “To the Moon” or feeling that “It Is Dead”, which can be observed through transaction fees. These fees will…

EthereumApr 29

Key Reason Behind Dogecoin's Massive Price Surge

Dogecoin, the chief meme coin, has stolen the spotlight with a 10% price jump over the past 24 hours. After surpassing Cardano by market cap, the meme coin has now built a massive lead over the Ethereum competitor, holding the 9th spot on CoinMarketCap. According to data provided by Santiment, dormant whales moving DOGE back into circulation are behind the significant price move. Notably, $5.5 million worth of Dogecoin shorts has been liquidated over the past 24 hours alone. According to data provided by IntotheBlock, 88% of Dogecoin holders are in the money at current prices. Last week, it was…

AltcoinsApr 29

Top Analyst Says Bitcoin Looks Incredibly Strong Even if BTC Witnesses Correction to $52,000 – Here’s Why

An analyst who rode the 2023 crypto breakout believes that Bitcoin’s bull market will remain “incredibly strong” even if BTC plummets to $52,000. In a new strategy session, pseudonymous analyst DonAlt tells his 59,100 YouTube subscribers that a 30% correction from BTC’s all-time high should not be surprising considering that Bitcoin rose by almost 170% from October to March. According to the top analyst, a drop to $52,000 will not negatively impact the high time frame strength of BTC. “I think even if this pulls back to $52,000, it would look incredibly strong. That’s a tiny pullback in the grand…

BitcoinApr 29

Four Reasons Why Ethereum Is Not a Security: Consensys

Ethereum has come under scrutiny from the Securities and Exchange Commission (SEC), which has hinted at classifying it as a security. This move by the SEC has sparked controversy, especially after a clear stance in 2018 that Ethereum did not meet the criteria of a security. Blockchain software company Consensys has firmly positioned itself against the SEC‘s reconsideration in light of these events. Here are four compelling reasons supporting why Ethereum should not be deemed a security. 1. Historical SEC Stance on Ethereum In 2018, William Hinman, then Director of the Division of Corporation Finance at the SEC, made a…

EthereumApr 29

Buy Shiba Inu, Early Bitcoin Adopter Reaffirms Recommendation

Davinci Jeremie, a Bitcoin advocate since 2011, has urged crypto market participants to consider Shiba Inu in their investment portfolio. Jeremie issued this call in a recent post on X, where a crypto enthusiast sought his view about investing in Shiba Inu for potentially long-term gains. Jeremie responded affirmatively. Yes. https://t.co/C3Wj5De5Xa — Davinci Jeremie (@Davincij15) March 31, 2024 Notably, the context of the conversation revolves around his 2013 advocacy for investment in Bitcoin. Bitcoin Magazine initiated the conversation by unearthing a 2013 video in which Jeremie urged the investing public to buy Bitcoin. In the video, Jeremie implored investors to…

AltcoinsApr 29

Will Bitcoin Price Crash Again After May 1?

During the past weekend, the overall cryptocurrency market experienced sustained downward pressure. Bitcoin's price underwent a further 2.34% decline, dropping to $62,311. Similarly, the altcoin sector encountered intensified selling activity, with the top ten altcoins correcting by 4-10%. Will BTC price crash further aftre May1? Let's take a look at this in more detail. How has the Bitcoin price moved recently? Currently, the price of Bitcoin stands at $62,300, with a 24-hour trading volume of $128.17 billion, a market capitalization of $1.23 trillion, and a market dominance of 52.60%. Over the past 24 hours, the price of BTC has decreased…

BitcoinApr 29

Liquid Staking Platforms See 60,000 ETH Outflow in 2 Weeks; Lido Dominates Reductions

In the last two weeks, liquid staking derivative (LSD) protocols have experienced a decline of 60,000 ether valued at over $198 million, with Lido accounting for 40,000 of the ETH withdrawn. LSD Sector Snapshot: $198 Million Ether Withdrawn in 2 Weeks Liquid staking has been witnessing a decrease; on April 15, 2024, the 27 distinct LSD platforms had 13.15 million ether, which has now dropped to 13.09 million ETH, currently valued at $43.01 billion. The LSD protocol Lido remains the largest holder of ETH among the LSDs, possessing 9.35 million ether, which represents 71.41% of the total market share. Two…

EthereumApr 29