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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.

Bitcoin Tumbles to $67K As Asia Begins Trading Day

The price of Bitcoin {{{BTC}}} fell to as low as $67,000 Friday in Asia's morning, down 7%, before recovering to around $68,500. "It is very difficult for these short sell-offs to put a lasting dent on the uptrend as long as the daily BTC spot ETF demand remains strong," Singapore-based QCP Capital said in a note published on Telegram Friday morning, noting that some volatility is expected over the weekend as the market prepares for the release of Federal Open Market Committee minutes next week. "[QCP]'s desk has seen strong demand for year-end BTC 100-150k calls," it continued in the…

Bitcoin

Homium Raises $10M and Tokenizes Home Equity Loans on Avalanche

Homium, a real-estate equity mortgage lender and securitization platform, has gone live with its first home equity loans on Avalanche. The offering comes as real-world asset (RWA) tokenization continues to become more popular with some predicting the market will grow to as large as $10 trillion in this decade. Tokenization is a process whereby a digital representation of a real world asset – a home equity loan in this instance – is issued on a blockchain. The Homium loans are currently live in Colorado, with plans to expand to other states. As part of securing the loan, homeowners commit a…

Markets

South Korean ‘Crypto Tax Crackdown’ Moves to Another City

The South Korean “crypto tax crackdown” continues its nationwide tour, moving on to the city of Yeongcheon in North Gyeongsang Province. While crypto trading profits are not yet subject to taxation in South Korea, local authorities have been seizing and liquidating coins from so-called “tax delinquents” in a countrywide crackdown. South Korean ‘Crypto Tax Crackdown’ Puts Yeongcheon in Spotlight Per the newspaper Gyeongbok Shinmun, Yeongcheon city authorities announced on April 15 that it will “begin intensive collection activities” on unpaid tax bills. Local tax bodies have been given powerful new software tools that let them comb domestic crypto exchange data…

Regulation

Circle Of Games Secures $1 Million Investment to Expand Global Gaming Presence with Hedera Support

Circle Of Games (COG), an emerging leader in the web3 gaming sector, has announced a significant financial boost, securing $1 million in funding from Nazara Technologies FZ LLC and The Hashgraph Association. This investment marks a crucial phase in COG’s strategy to enhance its gaming offerings and expand its global footprint. Strategic Growth and Market Expansion In 2024, COG is set to accelerate its market penetration strategies and expand its presence across several key global markets including the US, EU, Middle East, Africa, and Asia. This ambitious expansion is not just about geographical spread but also aims to broaden the…

GameFi

Bitcoin Price Slides Within Range, Can Bulls Protect This Support?

Bitcoin price is moving lower from the $73,000 resistance. BTC must stay above the $67,000 support to start a fresh increase in the near term. Bitcoin price is correcting gains and moving lower from the $73,000 zone. The price is trading below $71,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $72,820 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could revisit the $67,000 support zone in the near term. Bitcoin Price Corrects Lower Bitcoin price made another attempt to gain strength…

Bitcoin

Core DAO Welcomes HTX Ventures to Core Venture Network, Boosting Developer Support and Innovation

Core DAO, the innovative Bitcoin-powered, EVM-compatible blockchain platform that merges delegated Proof-of-Work and delegated Proof-of-Stake, has announced a significant partnership with HTX Ventures. The alliance aims to amplify support for developers and innovators within the Core Chain ecosystem. In a recent tweet, Core DAO explained that the initiative seeks to offer strategic assistance to Core builders and projects, fostering an environment of innovation and growth within the network. This collaboration signifies a renewed commitment to bolstering the growth and innovation within the Core Chain network. HTX Ventures, renowned for its strategic investments in blockchain technology, brings invaluable experience to the…

Markets

Maison Margiela Takes ‘Huge Step’ Into Web3 With MetaTABI Experience

Parisian haute couture house Maison Margiela is bringing together the physical and digital realms with its new MetaTABI Collection, an NFT that combines token-gated product experiences with the brand’s iconic split-toe shoe. The launch, in collaboration with digital fashion house The Fabricant, is “metaphorically, a huge step,” Maison Margiela Chairman Stefano Rosso said during a livestream with Rug Radio creator Stephy Fung. Using the brand’s Tabi shoe for its first step into Web3 was, Rosso said, “just so special in so many different ways—the symbol of our Maison linked to a unique footprint into this amazing new environment that is…

NFT

Tether, Circle Diverge on How to Tackle Global Patchwork of Stablecoin Rules

The influx of traditional finance into crypto and the emergence of international variations in regulations is prompting contrasting responses from stablecoin issuers such as Tether and Circle. Circle admonishes what it sees as U.S. lawmakers’ inaction and wants greater alignment in crypto rules between nations. Tether, more focused on developing countries, says it is frustrated by the slow movement of law enforcement when it comes to crimes involving crypto. It’s an interesting question: How will Tether and Circle, the largest issuers of U.S. dollar-denominated stablecoins, evolve and expand as the rule-bound systems of traditional finance become increasingly enmeshed in the…

Regulation

Michael Saylor dumps quarter billion worth of MSTR while hyping bitcoin

Michael Saylor has been dumping his personal exposure to bitcoin while at the same time endorsing taking on debt — even suggesting people mortgage their homes — to buy more. The MicroStrategy founder also taught classes to executives on how to leverage corporate assets and equities to buy the crypto. This month alone, Saylor has sold over $70 million worth of MicroStrategy stock, while in March he sold $144 million. Although staggeringly generous figures in their own right, Saylor has not opted to decline these multi-hundred-million dollar options contract vestings, viewing them as compensation for one of the best bets…

Markets

Raindex Debuts on Flare Network, Pioneering Decentralized CEX-Style Trading

Flare, the blockchain for data, has introduced the Raindex desktop app, a new intents-like DEX and provides centralized exchange-level trading capabilities using the Flare Time Series Oracle (FTSO). Users may now mimic other traders’ methods in a trustless, fully-permissionless, decentralized manner on-chain by setting bid and offer prices, turning on stop loss and take profit mechanisms, and more. The Raindex app leverages Flare’s native decentralized price oracle, the FTSO, for dependable and safe asset price triggers. It does this by using the user-friendly Rainlang smart contract language, which enables anybody to create, develop, deploy, and manage bespoke token trading strategies.…

Altcoins