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Author: 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.

BlobStream Solutions By Celestia gets Introduced to Arbitrum Orbital Chain

Celestia is making strides to the Arbitrum ecosystem. Celestia has introduced Blobstream. Now Blostream is set to change customizable chains, known as Orbit chains. These chains can be either Layer 2, settling directly to Ethereum, or Layer 3, settling to Arbitrum’s Layer 2, Arbitrum One. Simplified Data Availability Now what Blobstream does is uses Celestia’s technology and makes data easily available. A method is used in this process that is called data availability sampling or (DAS). It makes sure everyone in the network can access transaction and state change data easily. With Blobstream, Orbit Chains can now send data to…

Altcoins

MicroStrategy's wallet soars to $13.7 billion

Bitcoin news: MicroStrategy’s wallet has reached 13.7 billion dollars, with unrealized profits of 7.6 billion dollars on its BTC purchases. This represents a total gain of almost 125%, more than double. Bitcoin news: MicroStrategy’s wallet realizes almost +125% in gains Bitcoin surpasses $70,000 and sets a new all-time high Bitcoin news: MicroStrategy’s accumulation strategy and the gain of its wallet Bitcoin news: MicroStrategy’s wallet realizes almost +125% in gains Riding the wave of Bitcoin which has just surpassed $70,000, there are the big holders who are reaching their historical maximum earnings. MicroStrategy, the Business Intelligence company of bitcoiner Michael Saylor,…

Bitcoin

Biden proposes highest Capital Gains Tax in over 100 years for stocks and crypto

President Biden has formally suggested the highest top capital gains tax rate in over a century. According to the proposal, the top marginal rate on long-term capital gains and qualified dividends would rise to 44.6%. This could significantly impact the financial returns of investors in stocks and crypto. In many states, the combined federal-state capital gains tax under Biden’s plan would exceed 50%. Additionally, the capital gains tax is not adjusted for inflation, which adds another layer of complexity to the proposed tax increase. Capital gains taxes often result in double taxation, mainly from investments in stocks, stock mutual funds,…

Markets

Top 3 Cardano-based Altcoins that Could Deliver Massive Returns

Some Cardano ecosystem tokens, including Minswap (MIN), Indigo (INDY) and Liqwid (LQ), have the potential to deliver impressive returns for investors in 2024. While Cardano (ADA) as a token has not performed as impressively as anticipated, its ecosystem has continued to record significant growth. Notably, this bullish growth path began last year and has persisted into the current market phase. Last November, The Crypto Basic reported that the Cardano TVL had grown to 669 million ADA at the time, marking a new all-time high in terms of ADA. This figure would translate to over $2 billion at ADA’s all-time high…

Altcoins

Bitcoin soars past $71k to new all-time high, will it hit $100k in 2024?

Bitcoin has obliterated all previous benchmarks to set a new all-time high of $71,092 on the Bitstamp exchange. This unprecedented surge comes at a time when the cryptocurrency industry is witnessing increased mainstream adoption and a significant influx of investments from both retail and institutional players. Bitcoin ETFs shine The achievement follows the approval of several spot Bitcoin Exchange-Traded Funds (ETFs) in January, signaling a growing acceptance and confidence in digital currencies as a legitimate asset class. This regulatory milestone has undoubtedly played a pivotal role in bolstering investor sentiment and paving the way for Bitcoin’s recent rally. Prior to…

Bitcoin

iPhone Currently Not Compatible with Digital Euro: ECB Board Member

An ECB executive board member wants Apple to change how iPhone payments work to support a potential digital euro. He claims the tech giant’s current system may not support offline payments for any European Central Bank digital currency. The member, Piero Cipollone, outlined his concerns in a letter to EU antitrust chief Margrethe Vestager dated April 19. “Apple’s proposed commitments would not give third parties full access to the secure element (SE), but only allow for the usage of Host Card Emulation (HCE),” he said. For clarification, a secure element (SE) is a specialized chip engineered for enhanced security. It…

Markets

Here’s Shiba Inu Price After ETF Approval if SHIB Gets 10% of Spot BTC ETF Inflows

Shiba Inu can record substantial price growth if it secures a spot Shiba Inu ETF capable of attracting at least 10% of inflows witnessed by the spot BTC ETF products. The Bitcoin market has benefited massively from the public trading of the spot BTC ETF products approved by the U.S. SEC two months back. These investment vehicles have attracted inflows from traditional institutions, resulting in BTC reaching new heights before its halving. Amid the success of the spot Bitcoin ETFs, several crypto communities have clamored to see their native tokens secure a similar investment product. Ethereum (ETH) is on the…

Altcoins

The mining of Bitcoin consumes less energy than banks

A recent study has calculated that global Bitcoin mining is consuming less energy than banks consume. The research was conducted by Payless Power, a retail energy provider serving the state of Texas, and analyzed the energy consumption of both Bitcoin mining and the traditional banking system. According to Payless Power’s calculations, the Bitcoin network consumes about 167 TWh of energy per year, while the global banking system consumes more than 258 TWh. In other words, according to this research Bitcoin would consume 35% less than traditional banks. Bitcoin vs. banks: mining requires less energy The calculations The comparison and the…

Mining

Legendary Trader Raoul Pal Sets $250,000 Bitcoin Price Target

Legendary Trader Raoul Pal has set a $250,000 price target for Bitcoin (BTC) and an equally massive projection for Ethereum (ETH) and Solana (SOL). Raoul Pal, the founder of Real Vision, a financial investment firm, hosted SkyBridge Capital Founder Anthony Scaramucci on his show ‘The Journey Man’, discussing the latest crypto ecosystem trends. Known as one of the biggest advocates of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), Raoul Pal sets a massive target of $250,000 for the top coin as this cycle’s high. This projection is resounding, considering that Bitcoin just broke a new All-Time High (ATH) above $71,000.…

Bitcoin

Coin98 partners with Metis for more diversified DeFi experience

Coin98, a prominent decentralized finance (DeFi) platform, has announced a strategic integration with Metis Network, marking a significant milestone in the evolution of decentralized finance and blockchain interoperability. This revolutionary alliance between two preeminent platforms is anticipated to provide users with enhanced access to novel DeFi services and applications, as well as promote greater decentralized ecosystem collaboration and interoperability. The integration with Metis Network represents a strategic move for Coin98 to expand its reach and capabilities within the rapidly growing DeFi landscape. Metis Network, known for its innovative approach to blockchain scalability and layer 2 solutions, offers a robust infrastructure…

DeFi