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.

Ripple CTO Joins XRP Burn Conversation, What Was Said

Ripple CTO David Schwartz has provided insight into the process of burning liquidity provider (LP) tokens in XRP Ledger (XRPL) automated market makers (AMM). Before delving further, it might be essential to understand the role of AMMs and LP tokens. Automated market makers (AMMs) are smart contracts that provide liquidity in XRP Ledger's decentralized exchange. Those who deposit assets into an AMM are known as liquidity providers (LPs) and receive "LP tokens" from the AMM. An AMM holds two different assets: at most one of these can be XRP and one or both can be tokens. Each AMM allows users…

AltcoinsApr 21

Bitcoin ETFs Poised for Success: Expert Forecasts Full Survival

According to renowned ETF analyst Eric Balchunas, the future of Bitcoin ETFs looks remarkably promising, with all 10 currently existing funds anticipated to maintain their presence on the market over the next year. Balchunas confidently asserted that the resilience of these ETFs is indisputable, backed by data that showcases their robust performance. Even the lowest-performing ETF, WisdomTree's BTCW, boasts a substantial $74 million in assets under management, securing its position among the top 15% of newly launched ETFs in 2024. The Bloomberg terminal data shared by Balchunas reveals that leading the pack are Grayscale's GBTC, BlackRock's IBIT and Fidelity's FBTC,…

BitcoinApr 21

Ancient Ethereum Whale Dormant for Nine Years Suddenly Awakens

According to the crypto data tracker Whale Alert, an ancient Ethereum wallet that had been inactive for nearly nine years has awakened, stirring intrigue and speculation in the crypto community. Whale Alert reports: "A dormant pre-mine address containing 197 ETH worth $622,685 has just been activated after 8.7 years." 💤 A dormant pre-mine address containing 197 #ETH (622,685 USD) has just been activated after 8.7 years!https://t.co/qNtUtWgGqK — Whale Alert (@whale_alert) April 21, 2024 This Ethereum holder's story begins in the early days of Ethereum, during the pre-mine phase before the network's official launch in 2015. At this point, ETH was…

EthereumApr 21

44 Altcoins Will See Massive Token Unlocks in the New Week – Here is the Day by Day, Hour by Hour List

After a week in which the Bitcoin price recovered after a slight decline but still remains below $70,000, there will be a number of token lock opening events in the new week that can deeply affect altcoins. Here is the altcoin token lock opening calendar that we have prepared specially for you as Bitcoinsistemi.com and which should be followed. (All times are indicated in Turkish time (UTC+3)) Sui (SUI) Market Value: $2.15 billion Amount of Tokens to Unlock: $72.88 million (2.86% of Market Cap) Date: April 8, 2024, 03:00 Ocean Protocol (OCEAN) Market Value: $663.30 million Amount of Tokens to…

AltcoinsApr 21

Saving Seeds in DNA: Bitcoin as Information

I recently converted a Bitcoin seed phrase into a DNA sequence, just because I can. Using only the first four letters of the BIP39 seed words, a 12-word seed phrase can be stored in a mere 48 nucleotides of DNA. (For comparison, the average gene is several thousand nucleotides long, and the complete human genome contains over 3 billion nucleotides). Any genetics graduate student could, in just a few days, turn my seed word sequence into an actual strand of DNA and insert that DNA into E. coli or some other suitable host for storage (and propagation) inside a living…

BitcoinApr 21

Analytics Company Reveals 8 Altcoins for Traders to Watch Out For This Week

Cryptocurrency analysis company Layergg has published the list of altcoins to watch next week. Ethena (ENA) Ethena, a new and serious project, has achieved the highest return among major dApps with $8 million in earnings in the last seven days. The project also accepts BTC collateral, significantly increasing its Total Addressable Market (TAM). However, it is said that the project carries risks similar to Terra (LUNA). Ordi (ORDI) According to the analytics firm, ORDI is seen as the primary memecoin broker showing the effects of the BTC Halving cycle. On April 4, Franklin Templeton wrote a report on ORDI. The…

AltcoinsApr 21

As Bitcoin ETFs Gain $1 Billion in One Day, Analyst Warns of Liquidity Crunch

Demand for U.S. Bitcoin spot ETFs smashed another record on Tuesday, exceeding $1 billion of daily net inflows for the first time ever. Outflows from the Grayscale Bitcoin Trust (GBTC) are still consistent, but have slowed to $79 million—down from $494 million a day prior. Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) hauled a record $849 million, with smaller rivals like VanEck gathering $82 million. [1/4] Bitcoin ETF Flow - 12 March 2024 All data in. Record day with over $1 billion of net inflow. Blackrock with a record $849 million of inflow pic.twitter.com/dKFmM3Qvaa — BitMEX Research (@BitMEXResearch) March 13, 2024…

BitcoinApr 21

Swole Doge (SWOLE) Poised for 3,500% Rally in April After Surging 200% in One Day – Will It Catch SHIB?

Swole Doge (SWOLE) currently has a market cap under $100,000, meaning it has immense upside potential and could turn thousands into millions of dollars if its market cap hits $10 million. Swole Doge (SWOLE) is gearing up for a 3,500% rally in the next 14 days, as this memecoin – which was launched in late 2021 – re-emerges and attracts a new wave of investors who are cashing in their SHIB and DOGE profits. SWOLE has rallied around 200% in the last day, but it has huge further potential to rise, as its current market cap is still under $100,000,…

AltcoinsApr 21

BTC and XRP could retrace to these levels

The cryptocurrency open interest volume has skyrocketed to record highs, bringing huge volatility to derivatives and spot markets. While traders bet on the outcome of cryptocurrencies like Bitcoin (BTC) and XRP, they leave positions behind, threatening liquidations. In particular, the current bullish momentum has fueled traders’ greed and encouraged the opening of long positions. This trend is gaining strength, and multiple indicators suggest a long squeeze could be incoming for top-traded assets. Finbold turned to different sources and found relevant long-squeeze alerts in the market, with special attention to the leading cryptocurrency, Bitcoin. Bitcoin (BTC) open interest and funding rates…

BitcoinApr 21

Evai CEO Says Massive XRP Explosion Would Surprise Market

Matthew Dixon, the CEO of AI-based crypto evaluation platform Evai, has stated that XRP could soon pull a surprising stunt based on recently observed on-chain data. In a recent update shared by Dixon, Evai’s platform detected a substantial surge in XRP’s trading volume. He interprets this data as indicative of significant underlying interest in XRP. Dixon speculates that this could lead to a typical surge in XRP’s value, advising market participants to brace themselves for a surprise. “We should get that typical XRP explosion higher at some point. Be ready to be surprised,” Dixon remarked. Massively increased trading volume on…

AltcoinsApr 21