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 Whales Taking Profits? BTC Price Tumbles Toward $70K

Bitcoin (BTC) whales have been busy this week taking profits, or at least it appears so. According to on-chain tracker Lookonchain, one wealthy trader made a profit of $217 million on BTC after selling a large amount of BTC on Binance. The whale in question had accumulated and held BTC for several months, specifically since August 2023. As BTC’s price exploded above $40K in January, he sold 4,300 BTC on Binance at an average price of $43K —netting approximately $183M in profits. That same whale sold 100 BTC on Wednesday, leaving 4.3K BTC ($313M) at his disposal. Users on Crypto…

BitcoinApr 19

XRP Tokens on Coreum Network Surge 2703% to 1.6M

The volume of XRP bridged by market participants to the Coreum network has surged by 2,703%, reaching 1.6 million tokens within a span of two weeks. Since the launch of the Coreum blockchain last March, the team behind the project has continued to make efforts toward interoperability with other chains. The latest effort involved the introduction of a two-way bridge between Coreum and the XRP Ledger (XRPL). Data indicates that the bridge, which facilitates seamless movement of XRP and other assets between the XRPL and Coreum, has continued to garner attention from network participants. This has resulted in the Coreum…

AltcoinsApr 19

5 More New Altcoin Trading Pairs Listed!

While Binance, the world's largest cryptocurrency exchange, continues its altcoin announcements, it announced that it has listed new altcoin trading pairs on the spot platform. Announcing that 5 trading pairs are listed at this point, most of them USDC, Binance stated that these are “APT/USDC, GALA/USDC, NEO/USDC, OMNI/BRL and STX/USDC”. “Dear Binance members, To expand the list of trading options offered on Binance Spot and improve users' trading experience, Binance will open APT/USDC, GALA/USDC, NEO/USDC, OMNI/BRL and STX/USDC trading on 04/19/2024 at 14:00 UTC. will initiate trading for the pairs. Additionally, Binance will enable Trading Bots services for APT/USDC, GALA/USDC,…

ExchangesApr 19

Cetera Financial Group rolls out Bitcoin ETF policy for financial advisors

Cetera Financial Group, a leading wealth management firm in the US, has unveiled a new policy for Bitcoin exchange-traded funds (ETFs) in brokerage accounts, according to a press release published today. The policy aims to provide Cetera’s financial professionals with the necessary education and resources to incorporate Bitcoin ETFs effectively into their clients’ investment portfolios. As noted, Cetera has approved the use of four spot bitcoin ETFs, including Invesco Galaxy Bitcoin ETF (BTCO), Franklin Bitcoin ETF (EZBC), Fidelity Wise Origin Bitcoin Fund (FBTC), and Blackrock iShares Bitcoin Trust (IBIT). These funds are backed by established ETF providers known for their…

BitcoinApr 19

Chinese police investigate developers of Filecoin’s second-largest defi protocol STFIL

Liquid staking protocol STFIL is allegedly under investigation by Chinese police amid concerning fund transfers and protocol upgrades. The STFIL team revealed in an X post on Apr. 9 that the core team members of the protocol are under investigation by local Chinese police. Although specific details surrounding the investigation were not disclosed, STFIL noted that legal representation has been engaged to manage the situation and support the individuals implicated. We believe that the STFIL core technical team is under investigation by local Chinese police, and we understand lawyers have been hired to understand the current situation and provide legal…

AltcoinsApr 19

Binance Achieves Milestone with Full Crypto License in Dubai

In a significant move for the cryptocurrency sector, Binance Holdings Ltd has successfully obtained a full crypto license in Dubai, marking a pivotal advancement in its operational capacity. Richard Teng, the CEO of Binance, confirmed this development during an interview with Bloomberg, emphasizing the strategic importance of this achievement for the company’s future. Expansion and Compliance: Binance’s Strategic Leap in Dubai Since mid-2023, Binance FZE, the Dubai-based arm of the global cryptocurrency exchange, has been operating under interim Operational MVP licenses. This transitional phase was crucial as it allowed Binance to maintain its services while striving for full regulatory compliance.…

ExchangesApr 19

Bitcoin volatility becoming more focused at start of Wall Street trading week

Bitcoin prices appear to have exhibited an intriguing pattern of higher volatility on Tuesdays and Wednesdays since the launch of Bitcoin ETFs on January 11, 2024, per CryptoSlate analysis. While prices have tended to rise on Mondays, Tuesdays, and Wednesdays, there have been wilder intraday swings, with several V-shaped recoveries. Over the past three weeks, Mondays saw price increases of 10%, 9%, and 6.5% respectively. However, the following Tuesdays had significant price movements in both directions – a 5% gain followed by a 7% loss on March 5 (a 14% intraday swing) and a more modest 6% swing this past…

BitcoinApr 19

SingularityNet and Minswap Labs Partner to Revolutionize DeFi on Cardano with AI Integration

TL;DR SingularityNET and Minswap, a decentralized AI platform, and the first multi-pool decentralized exchange (DEX) on Cardano, respectively, have partnered to revolutionize DeFi on Cardano by integrating AI and DeFi. The partnership aims to enhance the Minswap platform using SingularityNET’s AI technology, improve user interfaces, streamline transaction processes, and optimize liquidity provision. It also plans to increase the accessibility and usage of SingularityNET’s cryptocurrency, AGIX, within the Cardano network. The collaboration is expected to contribute to the growth of the cryptocurrency industry as a whole, with benefits to Cardano including increased liquidity. The price of ADA and AGIX, and their…

DeFiApr 19

Shiba Inu Enhances Shiba Eternity Performance with Major Update

The Shiba Inu ecosystem team has released the first internal build for the cryptocurrency’s collectible card game (CCG), Shiba Eternity. Notably, the highly anticipated internal build introduced a wide array of improvements to the game, ranging from performance enhancements to bug fixes, among others. Mazrael, a Shiba Inu ecosystem team member, provided insights into the latest update in an X post yesterday, noting that the internal build focused on two major areas: performance improvements and fixing issues regarding card interactions. #ShibaEternity First internal build is out! Performance improvements a plenty and fixed multiple card interactions such as princess andromeda not…

AltcoinsApr 19

KuCoin Records 121% Growth in Spot Trading Volume Led by MENA with 263.91% Surge

Prominent global cryptocurrency exchange KuCoin recorded substantial advancements in various aspects of its operations in the first quarter of 2024. KuCoin witnessed an explosive 121.85% growth in spot trading volume in the first half of 2024 compared to the figures from Q4 2023. The exchange announced this milestone in its latest review report for the first quarter of the year. The report noted that the surge in spot volume was particularly noteworthy in the Middle East and North Africa (MENA) region. In particular, the MENA region lead in volume increase with an impressive surge of 263.91%. Meanwhile, KuCoin remarked that…

ExchangesApr 19