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.

‘We are About to Enter Very Tough Economy’

Robert Kiyosaki, author of a classic book on financial literacy “Rich Dad Poor Dad”, expects the worse to occur for the US economy, according to his fresh tweet. Kiysaki is also a well-known supporter of Bitcoin, which he holds along with silver and gold in his long-term investment portfolio. In the meantime, the world’s flagship cryptocurrency, Bitcoin, has established a new historic price peak, reaching the $73,637 level and adding fuel into the fire of the crypto community’s enthusiasm. Bitcoin has been soaring on the wave of stable ETF purchases and expectations about rate cuts this year. Kiyosaki issues gloomy…

BitcoinApr 22

Bank Withdrawal Access Denied To Thousands in Australia As Customers Forced To Move 500 Miles To Get Cash: Report

A group of banking customers in Australia are feeling the repercussions of a shift toward a cashless society, according to a new report. 4,500 Residents living in the town of Kununurra are now facing a 500 mile journey to the closest bank, reports Yahoo Finance. The town, located in Western Australia, used to have brick-and-mortar branches and ATMs for Commonwealth Bank (CBA), NAB and Westpac. But all three banks have now left, citing reasons like staffing and security, amid an industry-wide trend of reducing physical locations. Residents say they had been clinging to a cash withdrawal option at the local…

MarketsApr 22

Wormhole hacker is eligible to receive over $50,000 in W tokens

The hacker behind the $326 million exploit on Wormhole became eligible to claim over $50,000 in W tokens. According to X user Degen News, the transactions made by the hacker during the exploit in February 2022 in four wallets were used as eligibility criteria to amass over 31,000 W tokens. NEW: 4 WALLETS CONNECTED TO THE @wormhole EXPLOIT ARE ELIGIBLE FOR ~$52.7K WORTH OF $W CLAIM – PER @ZheSolworks AIRDROP CHECKER H/T: @Pland__ pic.twitter.com/P7SFfzJPxS — DEGEN NEWS 🗞️ (@DegenerateNews) April 4, 2024 The eligibility was found on April 3 by another X user identified as Pland, who highlighted that Wormhole…

AltcoinsApr 22

Bitcoin (BTC) Sees Massive 277K New Retail HODLers, Why Sentiment Shifted

Bitcoin's (BTC) rally has recently pushed the premier digital currency to a new all-time high (ATH) above $73,000, solidifying the thesis that the coin is in an active price discovery mode. An intriguing trend to this ongoing rally is the proliferation of retail HODLers, per a new data insight from crypto analytics platform Santiment. Bitcoin retail boom Per the Santiment data, over the past two weeks, small wallets with less than 0.1 BTC have continued increasing in number, with more than 277,000 added overall. Santiment shared data that shows that wallets with at least 1,000 BTC have dropped to 105…

BitcoinApr 22

World Economic Forum Study Reveals 98% of Central Banks Are Eyeing CBDCs

The World Economic Forum (WEF) recently released a report investigating wholesale central bank digital currencies (wCBDCs). The document explored ongoing initiatives, potential use cases in financial markets, and the potential of wCBDCs to alleviate significant industry challenges and address key pain points. It revealed that more than 98% of central banks worldwide are conducting research, pilot programs, or implementation of CBDCs to enhance the functionality of and broaden access to central bank money (CeBM). “CeBM is ideal for systemically important transactions despite the emergence of alternative payment instruments,” the report states. “Wholesale central bank digital currency (wCBDC) is a form…

MarketsApr 22

VeChainThor Revolutionizes Blockchain with Security and Community Governance

VeChainThor: Speedy, secure blockchain with community-driven governance. Environmentally friendly: Minimal energy usage compared to other blockchains. Focus on real-world applications, bridging tech and practicality. VeChainThor, the blockchain making waves in the crypto world, is garnering attention for its unique blend of speed, security, and community involvement. Launched in June 2018, it boasts zero downtime, ensuring uninterrupted operations. VeChainThor. Let’s talk about it. It’s our blockchain that is getting everyone on board, mixing up speed, security, and making sure everyone gets a say. Here's why it’s a big deal. 🧵 pic.twitter.com/V1VoRJE7VW — vechain (@vechainofficial) April 5, 2024 Speed is a standout…

AltcoinsApr 22

Bitcoin Eyes $74K as BTC ETFs See Record $1B in Net Inflows

Bitcoin reversed Tuesday's decline to climb above $73,000 early Wednesday. Spot BTC exchange-traded funds noted the highest inflows in both bitcoin and dollar terms since they started trading in January. Bitcoin's price behavior suggests institutional investors are leading the market activity, some observers said. Bitcoin (BTC) climbed above $73,00 early Wednesday, adding 2.5% in 24 hours to reverse Tuesday’s losses after a $360 million liquidation event sent prices tumbling. The gain followed a record day of exchange-traded fund (ETF) inflows in terms of both dollars and bitcoin. Data tracked and cited by BitMEX Research shows spot bitcoin ETFs took in…

BitcoinApr 22

Crypto Exchange Woo X Claims a First With Tokenized Treasury Bills for Retail Investors

Crypto exchange Woo X says this is the first time tokenized T-Bills will be available to retail customers. The exchange recently began offering index-linked meme-coin perpetuals with market maker Wintermute. Woo X is claiming bragging rights for being the first cryptocurrency exchange to offer retail customers exposure to tokenized U.S. Treasury bills. The yield-bearing product, unveiled on Monday, called RWA Earn Vaults (as in real-world assets) has been built in partnership with London-based institutional tokenization platform OpenTrade. The product's arrival was described as a “significant milestone” by Woo X Chief Operating Officer Willy Chuang. “For the first time, retail users…

MarketsApr 22

New Top Dog Meme Coin to Come?

What happened The meme coin category has experienced a significant 20% gain in late March. The surge began on early Thursday with meme tokens showing increased momentum, fueled by speculation surrounding the potential integration of Dogecoin (DOGE) into a forthcoming payments service of a social application known as X. Dogwifhat (WIF) (a meme token) managed to flip Pepecoin (PEPE) in market capitalization rankings, becoming the third-largest meme token in this category. WIF's price also rose above the $4 mark on March 28, showing the biggest price increase since its launch. Update. The WIF I sold for $800 is now worth…

AltcoinsApr 22

Bitcoin (BTC) Preparing for Next Parabolic Run, Say Analysts

In a series of recent market analyses, cryptocurrency specialists have spotlighted Bitcoin's burgeoning on-chain metrics and its potential readiness for another massive bull run. Notable voices in the crypto analysis world, including on-chain analyst Axel and CryptoQuant CEO Ki Young Ju, have contributed to a growing sentiment that Bitcoin may be on the cusp of its next major price surge. Axel, renowned for his insightful interpretations of Bitcoin’s on-chain data, highlighted the significance of the UTXO Profit/Loss (P/L) Supply Ratio Momentum, a sophisticated metric assessing short-term versus long-term profitability based on Bitcoin transactions. According to Axel, this metric is calculated…

BitcoinApr 22