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.

Bitcoin open interest outshines 2021 peak, hits $34b

Bitcoin open interest signaled higher price expectations from investors, but one analytics firm opined a possible market correction amid historic spot ETF net inflows. According to SoSo Value, Bitcoin (BTC) futures open interest reached a new all-time high (ATH) of $33.9 billion on March 13 as the cryptocurrency set another ATH. The landmark moment for BTC contract holdings came as the $1.4 trillion asset hit a $73,637 price tag, per CoinMarketCap. BTC futures open interest | Source: SoSo Value BTC contract positions leapfrogged the previous peak of $23 billion recorded during the bull cycle top in November 2021. SoSo Value…

BitcoinApr 21

Abra Introduces new platform for private and institutional clients

Introduction to New Specialized Platforms Likewise, the transition from traditional media platforms to emerging specialized platforms has become a critical challenge since they often complement each other through cross-promotion. Abruptly entering the cryptocurrency landscape, Abra – one of the leading crypto services companies – has generated two novel solutions specifically designed for the different types of customers namely individual and institutional investors. Abra’s mentioned platforms are Abra Private and Abra Prime. They are created based on the correspondence to the separate categories to private clients including family offices and trusts, as well as institutional customers such as hedge funds, venture…

MarketsApr 21

6 Promising BASE Chain Memecoins to Watch

Whale Insider, a leading crypto media resource, has identified six promising meme coins on the Base network with less than $1 billion market capitalization. America’s largest exchange Coinbase introduced Base, its proprietary blockchain network built atop Ethereum, to the public last August. Base has since attracted significant attention, with its total value locked (TVL) soaring to the current $1.27 billion amid the market uptrend. While Solana has taken the spotlight with respect to meme coins during the current cycle, other networks such as Base have also welcomed some promising projects. For instance, Degen (Base), a meme coin on Base with…

AltcoinsApr 21

Russia and African Countries Advocate for Cryptocurrency Utilization as Crypto Adoption Continues Globally

The Bank of Russia has endorsed the expedited integration of cryptocurrency for global transactions. Elvira Nabiullina, the bank’s governor, emphasized the necessity for these digital currency transactions to be initiated within a controlled, experimental framework, akin to a sandbox environment. Meanwhile, transactions involving sovereign digital currencies, also referred to as central bank digital currencies (CBDCs), are set to proceed without such experimental stipulations. Russia advocates for a broader array of currencies and payment mechanisms in international dealings. Last week, Nabiullina announced the bank’s support for swift legislative progress to facilitate cryptocurrency transactions for global payments. Nevertheless, she insisted that these…

RegulationApr 21

Ramp Network to Enable USDt on TON Purchases and Withdrawals

Ramp Network, the financial technology company building payment rails connecting crypto to the global financial system, has announced it is enabling the purchase and withdrawal of the USDt on TON stablecoin launched by Tether. With native USDt on TON, the network enhances Tether’s use case by enabling a simple, borderless experience for peer-to-peer payments in the Telegram Messenger ecosystem, which has grown to more than 900 million users globally. USDt is already the world's most widely-used stablecoin with a market cap of more than 107 billion dollars, supported on dozens of leading blockchains, and its launch on TON network, which…

ExchangesApr 21

11 Bitcoin Halving Cycle Protips From Crypto X (Twitter)

The future is not assured until it has passed, but successful cryptocurrency investors have relied on how powerful the recurring patterns are in these historical trends. Here are 12 Bitcoin halving cycle protips from crypto influencers on X, the social media website formerly known as Twitter. 1. It’s Still Early On This Halving Cycle Like clockwork 😄 #Bitcoin pic.twitter.com/BrZRDsgsLN — Thomas | heyapollo.com (@thomas_fahrer) March 2, 2024 It may feel strange to traders to step out into new waters and make long entries in BTC right after a new all-time high. But as seasoned traders know, and as you can…

BitcoinApr 21

Nibiru Chain reveals $15 million grant for developers

Nibiru Chain invests over $15M in developer grants to support its smart contract platform's growth and ecosystem expansion. The post Nibiru Chain reveals $15 million grant for developers appeared first on Crypto Briefing. Nibiru dedicates $5 million to Asian developers, enhancing global Web3 growth. Nibiru Chain reveals $15 million grant for developers. Nibiru Chain has launched the Nibiru Builder Grants, committing over $15 million to support its developer ecosystem. According to the announcement, this grant represents approximately 2.5% of Nibiru’s native token supply, and aims to enhance decentralization, security, and scalability on the platform. Developers in the Asia region have…

MarketsApr 21

Expert Identifies 3 Persistent FUDs Surrounding XRP

Pro-XRP attorney Bill Morgan has highlighted three enduring FUD narratives within the XRP community despite numerous efforts to debunk them. Recently, Morgan weighed in on the continuous trend of negative narratives about XRP circulating in the crypto community. Pointing out three of the top negative narratives, he noted that it appears the XRP Army cannot move on from the prevalent misconceptions. There are three species of FUD that it seems the XRP community cannot move on from and continue to entertain no matter how many reasons are put forward to dismantle these incorrect narratives: the three incorrect narratives including no.3…

AltcoinsApr 21

Crypto Payments Firm Triple-A Includes PayPal’s Stablecoin in Payment Options for Customers

Singapore-based payments company Triple-A has announced plans to integrate PayPal’s stablecoin into its list of supported tokens for customer payments. As the first licensed crypto payments firm in Singapore, Triple-A aims to introduce support for PayPal’s stablecoin, PYUSD, by the end of June, according to a report from Bloomberg. Currently, the company offers payment services primarily in Bitcoin, Ether, and stablecoins issued by Tether and Circle. PayPal’s PYUSD Continues to Gather Momentum This expansion marks another significant step for PayPal’s PYUSD, an effort by the fintech giant to challenge its crypto rivals. Tether’s USDT remains the dominant stablecoin in the…

ExchangesApr 21

Train Has Left the Station

Anthony Scaramucci, a notable figure in the investment world, recently poured cold water on Grayscale Investments' plan to launch a "mini bitcoin trust". Scaramucci predicts that the initiative will face delays and will transfer a significantly smaller portion of the Grayscale Bitcoin Trust (GBTC) assets than anticipated. "The train has left the station," he added, expressing strong skepticism about the timeliness and scale of the transition from GBTC to the newly proposed Grayscale Bitcoin Mini Trust. Grayscale's strategic pivot In a bold move to stay competitive, Grayscale Investments filed for a new spot Bitcoin ETF, the Grayscale Bitcoin Mini Trust.…

BitcoinApr 21