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Author: 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.

Q1 Spot-Traded Volumes of Top 10 Exchanges Nearly Double to $4.29 Trillion

In the first quarter of 2024, spot trading volumes of the top ten centralized exchanges (cex) topped $4.29 trillion, a 95.3% increase from the previous quarter. Despite facing legal challenges Binance remained the largest cex platform with a market share of 50%. The top crypto asset manager Grayscale’s converted GBTC exchange-traded fund (ETF) was the largest spot bitcoin ETF in Q1 with $21.7 billion in assets under management. Highest Recorded Quarterly Volume Since December 2021 In the first quarter of 2024, the top 10 centralized exchanges (cexs) recorded $4.29 trillion in spot trading volume, according to the latest Coingecko crypto…

Exchanges

How many times Bitcoin declared dead in 2024

Throughout its history, Bitcoin (BTC) has many times been deemed a failure and declared dead by critics and skeptics. Interestingly, Bitcoin’s price has increased by $21,000 since the last time it happened in 2024. From traditional finance investors to business owners, government entities, and other high-influence figures, Bitcoin “has died” 476 times since 2010. This data is from 99Bitcoins’ obituaries. The leading cryptocurrency was declared dead once in 2024. In particular, through a blog article by the European Central Bank (ECB), which said, “Bitcoin has failed.” On this occasion, BTC was trading at $51,304, now up over 40% at $73,000…

Bitcoin

Blur Maintains Lead in NFT Marketplace, Clocks $1.5 Billion in Q1 Volume

Riding in the coattails of a broader market resurgence, the NFT trading space witnessed in 2024 Q1, with volumes across the top 10 marketplaces soaring to $4.7 billion. According to CoinGecko’s latest report, Blur maintained its stronghold as the leading NFT marketplace during this period. During the first quarter of 2024, Blur recorded $1.5 billion in volume while at the same time, capturing a 27.6% market share, up from the previous quarter. Closely following behind is Magic Eden, which has emerged as a major competitor, surpassing Blur in March. The growth is primarily driven by its Diamond reward program as…

NFT

TokenFi Developers Propose New Program to Boost Benefits for TOKEN Holders

The “TOKEN Supercharge Program” aims to offer early access to TokenFi platform issuances for TOKEN holders and stakers, potentially allowing them to acquire up to four times more tokens than the standard quota per wallet. A minimum holding or staking of $1,000 worth of TOKEN is required for priority access, with additional benefits for higher holdings. Developers say the move could address potential issues of token sale events being sold out quickly to the general public, where TOKEN holders should instead benefit. The developers behind the TokenFi launchpad are presenting a proposal to boost the benefits for TOKEN users by…

Altcoins

Binance CEO discusses stablecoin regulation and detained executive at Token2049

At Token2049, Binance CEO Richard Teng addressed key issues in the crypto space, focusing on the regulation of stablecoins and the complex situation of a detained Binance executive in Nigeria. Binance CEO Richard Teng headlined a panel on crypto regulation, moderated by Perianne Boring, CEO of The Chamber of Digital Commerce, at the Token2049 conference in Dubai on April 18. Perianne Boring (left), Matthew Roszak (middle), and Richard Teng (right) | Source: Photos taken by crypto.news at Token2049 event The conversation began with Boring highlighting the significant potential of cryptocurrencies amidst global economic challenges. “As innovators, having the opportunity to…

Regulation

HashKey Exchange Suspends Binance Deposits and Withdrawals Citing Policy Adjustments

HashKey Exchange, a licensed exchange based in Hong Kong, has announced the temporary suspension of digital asset deposits and withdrawals to and from Binance. In a Friday announcement, the company said that the decision comes as a result of policy adjustments implemented by HashKey Exchange. Per the announcement, HashKey Exchange will no longer accept any virtual asset deposits from Binance hosted wallet addresses effective from May 10, 2024. Furthermore, starting from May 17, 2024, the exchange will cease to allow any crypto withdrawals to Binance hosted wallet addresses. It’s important to note that deposits from and withdrawals to whitelisted unhosted…

Exchanges

Is Bitcoin About to Correct or is $75K Imminent? (BTC Price Analysis)

Bitcoin’s price has been climbing steadily since breaking its previous record. This has made market participants wonder how much further Bitcoin is likely to rally before experiencing a correction. Technical Analysis By TradingRage The Daily Chart On the daily chart, the BTC price has recently broken past the previous all-time high of $69K. Bitcoin is currently being traded above $70K for the first time since its creation. A likely short-term target for the crypto market leader is the psychological resistance level of $75K. Reaching this zone will probably result in a short-term pullback that could lead to a retest of…

Bitcoin

Hong Kong still weighing whether retail CBDC benefits outweigh the risks

A retail central bank digital currency (CBDC) could facilitate interoperability and interlinking between the various entities that make up Hong Kong’s digital economy. However, the city-state’s central bank is still weighing whether the benefits of issuing one outweigh the risks. Hong Kong Monetary Authority (HKMA) chief executive Eddie Yue delivered a speech recently on the city’s approach to innovations in digital payments, including CBDCs, stablecoins, and tokenized deposits. Yue reiterated the HKMA’s support for innovation, noting that the bank was among the first to explore CBDCs with Project LionRock in 2017. This effort has evolved over the years into Project…

Markets

$11M Seized from Top British-Indian Businessman in Multi-Million Dollar Bitcoin Scam

India’s law enforcement authorities confiscated properties worth $11m owned by businessman Raj Kundra as part of an investigation related to an alleged Bitcoin scam. Under the stipulations outlined in the Prevention of Money Laundering Act (PMLA), the Enforcement Directorate on Thursday declared its temporary seizure of both real estate and personal assets Kundra owns. The ED’s measures are part of its inquiry into alleged money laundering endeavors associated with Kundra. He is Bollywood actress Shilpa Shetty’s husband. In the statement, the authority said it launched an investigation based on numerous First Information Reports (FIRs). These reports targeted M/s Variable Tech…

Regulation

Solana-Based Meme Coins Bonk and Dogwifhat Listed by Major Exchange in UK

Kraken, one of the world's top exchanges, has announced that its United Kingdom-based users will now be able to trade viral Solana-based meme coins Bonk (BONK) and Dogwifhat (WIF). On top of that, Jito (JTO), Dymension (DYM), Jupiter (JUP), Polygon Ecosystem Token (POL) and Wormhole (W) have also appeared on the list of supported coins for U.K. residents. As reported by U.Today, Coinbase International also announced the listing of WIF on Thursday. Kraken's ambitious expansion On Thursday, the exchange confirmed that it had acquired cryptocurrency platform TradeStation Crypto in order to accelerate its U.S. presence. TradeStation has obtained multiple regulatory…

Exchanges