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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.

Nervos Leads With a 47.1% Jump, Bitget Token and Bittensor Follow

In the recent week, bitcoin and ethereum have regained their pace, with a specific set of nine cryptocurrencies posting significant gains in the double digits. During this period, CKB enjoyed a 47.1% uptick, BGB ascended by 21.6%, and TAO increased by 19.3%. Highlighting the Week’s Crypto Victors and Losers On Monday, April 8, 2024, the cryptocurrency market experienced a 4.56% expansion to $2.7 trillion in the last 24 hours. The global trading volume saw a 44% rise from the previous day, now standing at $84.22 billion. Excluding BTC, ETH, and stablecoins, the highest volumes this week were captured by SOL,…

Altcoins

IRS Unveils Form Your Broker May Send Next Year to Report Your Crypto Moves

The U.S. Internal Revenue Service (IRS) has previewed what crypto investors' future tax form might look like when it finishes its much-debated rule on how cryptocurrency transactions should be reported to the federal government. The IRS offered a draft of the 1099-DA form that would be meant to figure out the taxable gains or losses when brokered digital assets change hands. The form reveals the agency will likely have an array of individual token codes that can be filled in, and it includes spaces for wallet addresses and where to find transactions on the relevant blockchain. "Brokers must report proceeds…

Regulation

TRON’s Justin Sun sees blockchain as a key to solve global challenges

Blockchain technology has held one flag flying high, that is of cryptocurrency, and it has done that for a long time. Now, the world is exploring other use cases of blockchain technology, and Tyron is one of the leaders in that aspect. Justin Sun, the founder of TRON, highlighted the same in the Global Blockchain Show, shedding light on the fact that they are essentially banking on the unbanked population across the world. For starters, Justin Sun said that the ideal target is to create convenience for users through the use of blockchain technology. When it comes to obtaining access…

Blockchain

Beware of Bitcoin's 'Rising Wedge,' Chart Analyst Says

Bitcoin’s rising wedge pattern suggests potential for price pullback, according to crypto analyst Josh Olszewicz. The cryptocurrency’s 10-day rate of change has decoupled from rising prices. A key price pattern has emerged on bitcoin’s (BTC) price chart, hinting at a potential pullback ahead. The cryptocurrency has rallied from $60,000 to new record highs above $70,000 in less than two weeks. The ascent has taken the shape of a “rising wedge,” which is a bearish pattern, according to technical analysis theory. “Normally rising wedges resolve bearish,” crypto analyst and trader Josh Olszewicz told CoinDesk, explaining a possibility of a typical bull…

Bitcoin

Two years after blowing up his own fund, Zhu Su offers advice to $2B Ethena

Almost two years after its spectacular blow-up, Three Arrows Capital (3AC) co-founder Zhu Su has helpfully offered advice to Ethena on how to manage risk. Su’s fund blew up spectacularly in 2022 after aggressively pursuing his ‘supercycle’ thesis. 3AC ghosted creditors and was uncooperative with liquidators, leading to Su’s imprisonment in September after attempting to flee Singapore. Su’s partner in crime Kyle Davies remains unrepentant and intends to avoid jail. Boldly presuming Ethena’s risk managers would want his advice in the first place, Su suggests leveraging up the long side of the trade to keep the ETH ‘funding rate’ high.…

Markets

Ripple launches new stablecoin. What is behind the move?

What does the launch of the new digital currency mean for the future of XRP and the crypto market? Ripple (XRP) announced on Apr. 4 that it is diving into the stablecoin market, launching a digital currency tied to the U.S. dollar. The company aims to bring more stability and ease of use to its XRP Ledger. Ripple plans to back its new stablecoin with U.S. dollar deposits, short-term U.S. government treasuries, and similar assets along with third-party audits and monthly reports on its reserve assets. This move puts Ripple in competition with giants like Tether’s USDT and Circle’s USDC…

Altcoins

Anti-Bitcoin SEC Commissioner Caroline Crenshaw May Soon Lose Her Seat

A member of the Securities and Exchange Commission (SEC) who is emphatically critical of Bitcoin and crypto may lose her spot at the agency’s high table on June 5, government records would suggest. Per the SEC’s website, Commissioner Caroline A. Crenshaw was sworn into her position alongside Commissioner Hester M. Peirce (aka “Crypto Mom”) on August 17, 2020. Both have terms that are due to expire on June 5 – less than 50 days from today. SEC Commissioner Approaches End Of Term According to Fox Business journalist Eleanor Terret, recent White House statements and nominations show no signs that Crenshaw…

Regulation

Chainlink Labs and Cyfrin Forge Strategic Alliance for Enhanced Smart Contract Security

Chainlink has announced a new partnership with Cyfrin, a smart contracts audit and research firm, to offer users of its BUILD and SCALE programs private smart contract and protocol audits. Cyfrin will offer market-leading products, including competitive audits platform CodeHawks, developer education platform Updraft, and Solodit, an aggregator with over 8,000 security findings. Chainlink’s mission to offer its ecosystem the best products and services took a massive stride this week, with the oracle network announcing a new partnership with Cyfrin, a smart contracts audit and research company. Chainlink announced the partnership on Wednesday, describing it as a strategic alliance that…

Blockchain

$100K Is Overdue, Adam Back Says

Adam Back, a figure revered within the cryptocurrency community and cited by Satoshi Nakamoto in the Bitcoin whitepaper, has recently pointed out that Bitcoin's ascent to $73,737—an all-time high—has been met with muted enthusiasm. According to Back's observations shared on social media, the lack of "bull market euphoria" is because a price of $100,000 for Bitcoin seems "way overdue." With Bitcoin having spent much of a Wednesday above $73,000, the conversation has shifted from if to when Bitcoin will hit the six-figure threshold. A prediction from February As reported by U.Today, Back also predicted that the Bitcoin price could surpass…

Bitcoin

Token launchpad Fjord Foundry raises over $15 million in its token pre-sale

The FJO registered the largest investment in 2024 through an LBP, just one month after securing investments from notorious names. The post Token launchpad Fjord Foundry raises over $15 million in its token pre-sale appeared first on Crypto Briefing. Token launchpad Fjord Foundry finished its token FJO pre-sale this Friday with over $15 million raised. The pre-sale was based on the Liquidity Bootstrapping Pool (LBP) model in Fjord Foundry’s own launch platform, with the FJO starting at $5.36 on April 16 and closing at $2.32. We are excited to announce that the $FJO LBP has officially ended in an echoing…

Markets