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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.

SHIB Burn Rate Skyrockets 1,344% Amid Significant Price Shift

In an intriguing development within the Shiba Inu (SHIB) ecosystem, the SHIB burn rate has surged dramatically by a staggering 1,344%. This remarkable increase in token-burning activity comes at a key moment for SHIB investors, as the price of the dog-themed cryptocurrency appears to be on the verge of a significant shift. According to the Shibburn X handle, 135,451,536 SHIB tokens were burned in 12 transactions in the past 24 hours. This amounted to $3,868.50 in monetary terms, with the SHIB burn rate soaring by a whopping 1,344.14%. In the past 24 hours, there have been a total of 135,451,536…

Altcoins

This Is Why Bitcoin Might See a Correction Before the Halving

Bitcoin has once again captured the spotlight, registering a staggering 72% price increase year-to-date. Opening the year at $42,560 and breaking all-time highs to now trade at $73,000, BTC finds itself in price discovery mode. With no historical price resistance or support, the market is tasked with establishing new benchmarks before the halving. Despite this impressive rally, there are indicators suggesting that Bitcoin may be on the verge of a price correction. Bitcoin Whales Are Booking Profits A notable metric, the Short-Term Holder Realized Price and Profit/Loss Margin indicator, reveals that short-term holders are currently sitting on 70% profits in…

Bitcoin

Worldcoin Faces Over $1 Million in Fines in Buenos Aires for Legal Violations

Worldcoin, the biometric iris scanning digital ID organization, is being accused by the government of Buenos Aires of several transgressions, including contradictions regarding the treatment of users’ digital information. Buenos Aires considers that the company exposes users to several unfair clauses, including those describing the possible interruption of the service. Worldcoin Faces Over $1 Million in Fines in Buenos Aires Worldcoin, the biometric identification project, is facing legal action due to its operations in the province of Buenos Aires. The company was accused of including unfair clauses in its binding contracts, violating the rights guaranteed by the National Consumer Defense…

Regulation

Bitcoin Falls Below $69,000 as Grayscale Moves Over $400 Million in BTC to Coinbase

Bitcoin today took a hit—falling well below its fresh all-time high to under $69,000 per coin. The biggest digital coin by market cap has since recovered and is back above $70,000 at time of writing. But it's significantly below the $73,700 level it hit yesterday, CoinGecko shows. Bitcoin has been on a roll thanks to the massive success of new spot Bitcoin exchange-traded funds (ETFs). But then data dropped on Thursday from the Labor Department's Bureau of Labor Statistics showing that the producer price index jumped 0.6% last month. The important inflation indicator showed that prices were higher than expected…

Bitcoin

Mike Novogratz Issues Crucial Warning on Impending 'Debt Death Spiral'

Mike Novogratz, the cofounder and CEO of Galaxy Digital, has issued a stark warning about the current United States debt situation, urging the government to immediately cut spending. According to Novogratz, the U.S. is grappling with a debt-to-GDP ratio of approximately 125%. This, he says, is a level that historically precedes significant economic challenges. Novogratz proposed solutions and role of Bitcoin Drawing on historical precedence, Novogratz points out that of the last 34 countries to reach such levels of indebtedness, 33 were forced to restructure their debt. He maintains that the U.S is no different and emphasizes the urgency of…

Markets

Major Market Maker DWF Labs Announced a Partnership with a New Altcoin, There was a Sudden Rise in Price!

DWF Labs, one of the important market makers in the cryptocurrency market and attracting attention with its investments, continues its altcoin purchases and investments. At this point, DWF Labs recently announced that it has established a partnership with DeXe Network (DEXE). Sharing from the X account, DWF Labs said: “We are excited to announce that our newest ecosystem partner is DeXeNetwork! I'm pleased to share that we've built our DAO in DeXe and published several offerings for collaboration within the DeXe DAO. Today our liquidity partnership proposal was approved by the community. I believe DAO tools on DeXe will be…

Altcoins

Stablecoin regulation more likely this year following key discussions among lawmakers

Recent discussions between House leaders and Senate Majority Leader Chuck Schumer may lead to action on stablecoin legislation during this summer’s session or in the year-end lame-duck session, according to investment bank TD Cowen. House Financial Services Chair Patrick McHenry and ranking member Maxine Waters met with Schumer last week to deliberate on stablecoin legislation, a key area of financial technology that needs regulatory clarity. According to reports from Punchbowl News and Politico, the discussions also explored the possibility of tying the stablecoin bill to critical legislative items such as the Federal Aviation Administration (FAA) reauthorization and a proposed cannabis…

Regulation

El Salvador Has Thousands More Bitcoins Than Previously Known

El Salvador moved more than 5,000 BTC into a cold wallet this week. The disclosure by President Nayib Bukele nearly doubles the country's known stash of the digital asset. Bitcoin-forward Central American nation El Salvador this week moved $400 million worth of bitcoin (BTC) – "a big chunk" – into a cold wallet, according to its President, Nayib Bukele. In a post on X (formerly Twitter), Bukele referred to the new setup as "our first #Bitcoin piggy bank." El Salvador stored the cold wallet "in a physical vault within our national territory," he said, including a photo of a wallet…

Bitcoin

Max Boonen's PV01 Tokenizes $5M Treasury Bill, Plans to Look at Corporate Bonds

PV01 completed its proof-of-concept issuance of a tokenized bond, a U.S. treasury bill, with market makers B2C2, BlockTower Capital and Keyrock investing. Tokenization of real-world assets like bonds have become a booming sector in blockchain industry. The company "hopes" to facilitate a tokenized corporate bond sale of a crypto firm "in the next few months," Boonen said. Tokenization company PV01, helmed by founders of crypto market maker B2C2, has completed its first tokenized bond sale under English law, the team said Tuesday, marking a crucial step towards a goal of creating a bond market on blockchain rails – including corporate…

Markets

Toncoin (TON) Dethrones Cardano in Top 10 on Major Telegram Expansion

In a dramatic turn of events, the crypto space witnessed the rise of Toncoin (TON) as it surpassed Cardano (ADA) in market capitalization, securing a spot in the coveted top 10. Over the past 24 hours, Cardano slipped from ninth place to tenth, with a market capitalization of $21.65 billion. The spotlight now shines on TON, a blockchain project associated with Telegram, the renowned messenger platform. Fueled by ambitious announcements from Pavel Durov, the billionaire behind Telegram, Toncoin's recent surge has been nothing short of meteoric. With plans to integrate Toncoin into the messenger platform and initiate its acceptance as…

Altcoins