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.

Tether again mints 1b USDT on Tron network

Tether mints another batch of USDT stablecoins, issuing two billion in two days. Lookonchain experts note that Tether, the issuer of the USDT stablecoin, has authorized the issuance of another billion coins on the Tron blockchain. Tether Treasury minted 1B $USDT again 22 hours ago and has minted a total of 2B $USDT in just 2 days. Will the price of $BTC rise as before?https://t.co/buOAbgA9Xc pic.twitter.com/ykHlMbD79r — Lookonchain (@lookonchain) April 4, 2024 The new release of 1 billion USDT occurred just two days after a similar release on April 2. Tether Treasury minted 1B $USDT again 2 hours ago.#TetherTreasury has…

AltcoinsApr 24

Grayscale outflows continue as Bitcoin Trust sees $494 million withdrawal

On March 11, Grayscale Bitcoin Trust (GBTC) saw a substantial withdrawal, with $494 million worth of Bitcoin, approximately 6,850 BTC, leaving the fund. BitMEX Research initially labeled this exodus a record outflow. However, they later clarified that it was a historic high in terms of the Bitcoin price. The assertion from BitMEX faced scrutiny as GBTC had previously seen outflows surpassing $500 million during five days in January and again on February 29. These figures are part of a broader trend of diminishing holdings for Grayscale, which have declined by 36% since the trust transitioned into a spot Exchange-Traded Fund…

BitcoinApr 24

Ethereum Purge Strategy for simplified protocols and reduced node loads

Among the cornerstones of blockchain ecosystems, Ethereum has redefined thoughts about decentralized technologies. As a leading blockchain platform, Ethereum allows for the creation of smart contracts and decentralized applications (DApps) that operate without third-party interference. This is important because it secures the environment in which code is executed, storing data among nodes. Nevertheless, with its growing popularity, scalability remains a major issue for Ethereum. An increase in the number of transactions and smart contracts being run on the network leads to congestion and an increased node load, affecting performance and the user experience. In response to these challenges, developers have…

EthereumApr 24

BlackRock Advisor Joins Real World Interactions (RWIs) Protocol Post $1.5 Million Funding

Paul Taylor, a venture partner at BlackRock, has joined the advisory board of PairedWorld. This move coincides with PairedWorld’s successful closure of a $1.5 million funding round. PairedWorld is renowned for its approach to enhancing real-world social interactions through blockchain technology. BlackRock Advisor Focuses on Real World Interactions Initiative PairedWorld has earned recognition for its model that rewards physical social engagement. This system aims to tackle digital addiction and loneliness, also providing new data avenues for consumer brands through Real World Interactions (RWIs). “We’ve created the most fun and rewarding tool for people to connect in the real world since…

MarketsApr 24

SushiSwap team wants to kill DAO to benefit themselves

A new governance proposal for SushiSwap proposes moving the assets from the ‘DAO’ controlled treasury to a new ‘Sushi Labs’ and will make sure that all future airdrops are directed to the ‘Labs’ instead of the ‘DAO.’ The funds the proposal would transfer to the new entities are effectively the entire treasury for the project. However, the proposal also seems to include assets that aren’t included in the ‘Treasury’ wallet listed on the governance page for SushiSwap. Indeed, the proposal lists both 168 ether and 1,228 ether, but the wallet in question only seems to contain 168. Additionally, it doesn’t…

AltcoinsApr 24

Analyst Predicts Bitcoin’s Potential Surge to $140K in 18 Days

In a recent YouTube video, analyst CryptosRUs hinted at Bitcoin’s bullish rally to $140,000 in just 18 days. The crypto researcher based his analysis on Michael Saylor’s recent purchase of Bitcoins and the temporary drop in VanEck’s Bitcoin ETF HODL. #Bitcoin To $140,000 in 18 Days? Why There is a Chance… https://t.co/ghH8XGxLqC — CryptosRus (@CryptosR_Us) March 12, 2024 Bitcoin has been riding on a positive track since the launch of Spot Bitcoin ETFs, despite significant fluctuations. The cryptocurrency, currently trading at $71,634, has hit new all-time highs, surging past the previous high of $69,044. Over the past week, Bitcoin has…

BitcoinApr 24

Ether ETFs Are Unlikely to Be Approved in May: Standard Chartered

ETFs that hold Ethereum's ether (ETH) are unlikely to be approved in May, Standard Chartered said in a report. Rising macro risks have led to a slowdown in spot bitcoin (BTC) ETF inflows. The bank reiterated its end-of-year bitcoin price target of $150,00 and its ether target of $8,000. U.S. regulators probably won't approve ETFs that give investors access to Ethereum's ether (ETH) in May, according to investment bank Standard Chartered, which had previously expected the Securities and Exchange Commission to give its blessing then. Approval of spot bitcoin (BTC) exchange-traded funds in January helped fuel a rally in the…

EthereumApr 24

she buys new Bitcoin and new Tesla stocks

A few days ago Cathie Wood, CEO of investment fund Ark Invest, increased her exposure to Bitcoin, Ethereum, and Tesla. Specifically, the billionaire investor has increased the share of BTC in her own Bitcoin ETF “ARKB”, as well as purchasing ETH from the ARKW fund and various Tesla stocks. This approach denotes Cathie Wood’s bullish position towards the cryptocurrency market and the electric vehicles sector. Let’s see everything in detail below. Cathie Wood adds new Bitcoin holdings to her ARKB ETF and buys Tesla shares Market analysis for Bitcoin: is the bull market starting again? Cathie Wood adds new Bitcoin…

MarketsApr 24

Polygon CDK Powers Arcana Network’s Shift Towards Decentralization

The Arcana network will tap on the Polygon Chain Development Kit (CDK) to further enhance the decentralization of its web3 products. The Polygon CDK is used by web3 developers to launch zero-knowledge layer two networks on the Ethereum network. The Ethereum (ETH) network has established itself as a solid cornerstone for web3 development due to its secure smart contracts. The Ethereum network has grown to a vibrant layer-two ecosystem, which consists of more than 40 networks – led by Polygon (MATIC), Optimism (OP), and Arbitrum (ARB), among others. Meanwhile, DeFi developers have been working on enhanced scalability through added consensus…

AltcoinsApr 24

the current bull run is generating fewer whales

The current Bitcoin bull run is generating fewer whales than previous bull runs have done. A recent analysis by Kaiko indeed shows how the daily number of new millionaire wallets per hour has remained below two thousand, while during the last bull run they were over four thousand. The return of whales during the Bitcoin bull run The ongoing bull run Bull run still in its early stages? The return of whales during the Bitcoin bull run The chart published by Kaiko shows that the number of wallets holding more than one million dollars in Bitcoin peaked at the end…

BitcoinApr 24