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.

Bernstein Analysts Speak on Bitcoin Price Forecasts After Halving

As the Bitcoin price remains on track to reach $150,000, investing in BTC miners has emerged as the most effective stock proxy for BTC, according to analysts at research and brokerage firm Bernstein. Analysts Gautam Chhugani and Mahika Sapra noted in a client note that investors typically only consider the daily correlation of Bitcoin miners on days when Bitcoin is rising. They argue that this selective view is incomplete and that investors should adopt a cyclical view: “Miners almost always outperform Bitcoin during bull markets and underperform during bear markets. “For us, we are still in the middle of the…

BitcoinApr 25

Depeg of $3B restaking token ezETH causes over $60M in DeFi liquidations

Renzo Protocol’s liquid restaking token (LRT), ezETH, suffered a sharp depeg overnight, in response to an unpopular and misleading tokenomics announcement. LRTs are popular with so-called ‘airdrop hunters’ in the decentralized finance (DeFi) sector. Many opt to take on highly leveraged exposure to the ETH-pegged assets to increase their chances of receiving a portion of the project’s own token upon launch. However, the announcement faced significant backlash as it revealed that just 5% of Renzo’s REZ token supply was set aside for the initial airdrop (despite the disingenuous use of a not-to-scale pie chart). The image has since been adjusted.…

DeFiApr 25

Discover the Top Collectibles for Sports Fans

Non-fungible tokens are revolutionizing the way we collect and trade digital assets. Diving into the sports world, NFTs are providing users with the chance to own a piece of their favorite teams, athletes, and moments in history. It is worth noting that the NFT market and the various platforms that support it are rapidly evolving, Hence, numerous platforms and offerings have emerged over the years to grace the space. Basically, the interest to earn insight into the current trends and preferences in the NFT market, calls for the need to understand NFT drops, and particularly learn about the best and…

NFTApr 25

DWF Liquid Markets Adds Five New Tokens Including $CELO and $METIS

In a significant development for the cryptocurrency market, Toncoin (TON), Celo (CELO), Hashflow (HFT), JasmyCoin (JASMY), and Metis (METIS) have been officially listed on DWF Liquid Markets. From now onwards, traders can easily access these coins. These tokens are available in the following pairs for users TON/USDT, CELO/USDT, HFT/USDT, JASMY/USDT, and METIS/USDT. Earlier, Liquid Markets added $JOE, $LADYS, and $FLOKI as well. DWF Markets Welcomes Revived TON, Inclusive Celo, and Liquid Hashflow Toncoin (TON) is an important a decentralized layer-1 blockchain. It was initially developed in 2018 by the encrypted messaging platform Telegram. Apart from the project’s initial neglect, it…

AltcoinsApr 25

Ripple CLO Speaks out Against $2 Billion Penalty in XRP Case

In the latest twist of the ongoing legal battle between Ripple and the SEC, the crypto company's Chief Legal Officer Stuart Alderoty has publicly addressed the company's opposition to the SEC's request for $2 billion in penalties. Alderoty emphasized that Ripple's stance remains firm in challenging the SEC's motion for remedies. Alderoty highlighted the absence of allegations or findings of recklessness or fraud against Ripple, stressing that the company had prevailed on significant issues during the legal proceedings. He condemned the SEC's request for exorbitant penalties as further evidence of the regulatory agency's intimidation tactics against the entire cryptocurrency industry…

RegulationApr 25

How bitcoin miners are leveraging AI post-halving

The 2024 halving is behind us, and for some, that means that the reality has set in. Block rewards were cut in half earlier this month, going to 3.125 BTC per block from 6.25. The topic of how bitcoin miners prepared for such a drastic change was extensively covered, with some miners opting to diversify their revenue streams. Hut 8, for example, is already bringing in some revenue from segments like AI. And with AI being such a big buzzword on Wall Street last year, could we see more publicly-traded miners devote resources to the new technology? Read more: As…

MiningApr 25

Pyth Network boosts Morph DeFi ecosystem with real-time price feeds

Over 500 Pyth price feeds now enhance Morph's DeFi ecosystem. Blockchain infrastructure provider Pyth Network announced the implementation of its price feed into Morph testnet. The collaboration introduces over 500 real-time price feeds from Pyth, spanning various asset classes, into Morph’s layer-2 platform. “The partnership between Pyth Network and Morph opens doors for developers to create cutting-edge DeFi applications that leverage reliable data and scalable infrastructure, driving innovation in the decentralized finance space,” stated Cecilia Hsueh, co-founder and CEO of Morph. Morph’s layer-2 solution is designed to enhance the Ethereum scaling experience by leveraging zero-knowledge (ZK) technology and optimistic rollups.…

DeFiApr 25

NFT lending volume surpass $2 billion in Q1 as holders search for liquidity

The lending market based on non-fungible tokens (NFT) as collateral surpassed $2 billion in volume during the first quarter, sustaining growth of 44% compared to Q4 2023, according to a CoinGecko report. “Crypto markets are all about market rotation […] There’s clearly a trend where OG NFT holders are leveraging these [lending] platforms to get liquidity and take advantage of the positive sentiment of the market with meme coins and other stuff,” explains NFT Price Floor analyst who is identified as Nico. He mentions as an example the move made by SquiggleDAO, which used some of its Chrome Squiggles holdings…

NFTApr 25

VeChain Launches Exciting Testnet dApp Ecosystem with Free Token Airdrops

VeChain’s VeBetterDAO, in its alpha testnet phase, offers B3TR tokens convertible to VOT3 upon mainnet launch. The launch of VeChain’s testnet dApp ecosystem offers free token airdrops, emphasizing sustainability and community engagement. VeChain’s VeBetterDAO marks a significant stride in blockchain technology, championing sustainability. Currently in its alpha testnet phase, and with a mainnet launch scheduled for June 30, 2024, the DAO presents an opportunity for participants to earn B3TR tokens, which will be convertible to VOT3 tokens upon the mainnet launch. Rooted in the VeChainThor platform, VeBetterDAO is committed to transparency and fairness. This commitment is demonstrated by eschewing pre-minting…

AltcoinsApr 25

Do Kwon can’t leave Montenegro, but owes the US millions

While Do Kwon languishes in a Montenegro detention facility, waiting to discover his fate, the US government has had its say on the long and drawn-out saga of his on-again, off-again extradition. Firstly, the Securities and Exchange Commission (SEC) pushed forward a motion for final judgement against Do and Terraform Labs. Secondly, the State Department published a report that suggests the government in Montenegro doesn’t effectively apply the law when it comes to “the criminal punishment of cases of corruption among officials.” This has been more than obvious in the trials and travails of Do. Corruption everywhere It’s likely that…

RegulationApr 25