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.

Ethereum Game's Promising Beta Plagued by Server Issues

Space Nation Online is now in closed beta, offering gamers a glimpse into what the future of the sci-fi blockchain MMORPG—with NFTs on Ethereum, and plans to expand via scaling network Immutable zkEVM—will look like. But due to server overload, it’s been hard to fully appreciate the best parts of the game thus far. Founded in 2019 by gaming industry veterans Jerome Wu and Tony Tang, Space Nation Online is backed by filmmaker Roland Emmerich, who’s known as the “master of disaster” for directing the films “Stargate,” “2012,” and “Independence Day.” The Los Angeles-based video game company explained that it…

GameFiApr 24

Grayscale Plans Low-Fee GBTC Spinoff: the Bitcoin Mini Trust

Grayscale is seeking approval from the SEC to introduce the Grayscale Bitcoin Mini Trust, seeded by a percentage of GBTC shares. The Grayscale Bitcoin Mini Trust (BTC) will have lower fees and moving over from GBTC will not trigger a capital gains tax event. The fees, which are not being disclosed at this time, will be competitive with some of the low-cost bitcoin ETFs in the market, a person close to Grayscale told CoinDesk. Grayscale, manager of the $28 billion GBTC spot bitcoin exchange-traded fund (ETF), plans to introduce a low-fee version of the ETF and is seeking permission from…

BitcoinApr 24

Ethereum Price Holds Support – Why ETH Could Soon Rally 5%

Ethereum price is holding gains above the $3,120 resistance zone. ETH could soon rally if it clears the $3,280 resistance zone. Ethereum extended its increase above the $3,220 resistance zone. The price is trading above $3,165 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,170 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $3,280 resistance zone. Ethereum Price Aims Higher Ethereum price remained in a positive zone above the $3,000 level, like Bitcoin. ETH extended its increase above…

EthereumApr 24

Stablecoin Market Hits $160 Billion, Reaching Heights Not Seen Since Terra’s Crash

This week, the value of the fiat-pegged cryptocurrency economy has climbed to $160 billion, a peak last observed in May 2022, shortly before Terra’s UST detached from its intended $1 parity on May 9, 2022. In the past month, various stablecoins have experienced an increase in supply, with Ethena’s USDE at the forefront, registering a supply rise of approximately 86.8%. Fiat-Pegged Cryptocurrencies Continue to Gain Momentum This year, the stablecoin economy has seen substantial growth, increasing by $28.63 billion since Dec. 30, 2023. It escalated from the $150 billion milestone to the $160.03 billion range in just over a month,…

MarketsApr 24

Users Prefer Using Cardano Over Solana Due to Transaction Delays

Crypto enthusiast Dan Gambardello, who is also the founder of Crypto Capital Venture, said that he has used both Solana (SOL) and Cardano (ADA) and prefers the latter in any case. Around 75% of Solana transactions failing. Let me start by saying to be 100% fair, I was trading a newly launched token the other day on Cardano, and the transactions took longer than I would have liked there as well. All these chains have a ton of progress to be made. While… pic.twitter.com/aSBSzfBqfe — Dan Gambardello (@cryptorecruitr) April 4, 2024 In a post on social media platform X (formerly…

AltcoinsApr 24

Bitcoin whales are ‘increasingly cashing out’

Bitcoin (BTC) has had an impressive performance in the past two weeks, breaking the previous all-time high of $69,000. This movement rewarded investors 40% gains in 15 days, and Bitcoin whales started realizing profits by “increasingly cashing out.” In particular, Ali Martinezspotted the profit-realization attitude through Glassnode data. The on-chain analyst posted the sell-off alert for Bitcoin on X on March 12. Notably, the number of Bitcoin whales holding 1,000 BTC or more dropped 4.83% in the last two weeks. According to Martinez, this scenario suggests these big investors have been “increasingly cashing out” during the nearly 40% price surge.…

BitcoinApr 24

BlackRock Predicts How Much The Fed Will Cut Interest Rates This Year

Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, predicted that the FED could cut interest rates twice this year as inflation moderates in the coming months. “It's getting harder and harder for them to do this, but I still think they can do it,” Rieder said in an interview with Bloomberg Television. Rieder's comments were made in the face of warmer-than-expected economic data in recent weeks, especially the March consumer prices report, pushing Treasury bond yields to the highest levels of 2024. Thereupon, market participants readjusted their expectations regarding the Fed's easing. Swap traders are now forecasting…

MarketsApr 24

Ripple CEO Lashes Out at Coindesk Over "Embarrassing" Article

On Thursday, Ripple CEO Brad Garlinghouse took aim at cryptocurrency media outlet Coindesk over its recent article, which portrayed the company's foray into the crowded stablecoin market as a desperate move. Garlinghouse argues that the negative article is "embarrassing" for the industry. "Childish antics masquerading under what should be a credible brand that leads coverage of the crypto industry," Garlinghouse added in his post on the X social media network. In the article, Daniel Kuhn, a deputy managing editor for Consensus Magazine, writes that Ripple declared the "death" of the controversial XRP token with its recent stablecoin announcement. Kuhn has…

AltcoinsApr 24

Thailand to Block Access to 'Unauthorized' Crypto Platforms

Thai authorities have decided to block “unauthorized” crypto platforms. The authorities have not named the entities they see as unauthorized, but have asked users to quickly withdraw their assets. Authorities in Thailand have decided to block “unauthorized” crypto platforms to increase the efficiency of law enforcement in solving the problem of online crime, according to an announcement on Friday. After a meeting of the Technology Crime Prevention and Suppression Committee, Thailand’s Securities and Exchange Commission or SEC was ordered to submit information on unauthorized digital asset service providers to the Ministry of Digital Economy and Society to block access to…

ExchangesApr 24

Snowden Roasts JP Morgan CEO Over Bitcoin Price and Purchases

Edward Snowden has taken aim at Jamie Dimon, the CEO of JPMorgan Chase, over his recent remarks regarding Bitcoin, sparking a heated debate in the financial world. Dimon's comparison of the leading cryptocurrency to cigarette smoking has drawn widespread attention and criticism. In a speech at the business summit, Dimon voiced his skepticism about Bitcoin's utility, citing concerns about its association with illicit activities. While he acknowledged the right of individuals to invest in Bitcoin, the executive emphasized that he personally would not put his money in it. Snowden, the infamous whistleblower and advocate for privacy rights, did not hold…

BitcoinApr 24