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.

Top 5 Crypto Payment APIs for Developers

As cryptocurrency continues to permeate mainstream markets, the demand for crypto payments is stronger than ever. Businesses that integrate cryptocurrency exchange APIs stand to attract a wealthier customer base and significantly increase their revenue. This is not just a trend, but a shift in the financial landscape. In 2023 alone, the global cryptocurrency market size was valued at USD 1.49 billion, and it’s expected to expand at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2030. The integration of cryptocurrency exchange APIs is not just about staying current. It’s about capitalizing on a growing market of tech-savvy…

ExchangesApr 17

Bitcoin retreats from record high amid analyst warnings of 20% market correction

IntoTheBlock’s head of research cautions that the market is showing signs of ‘being overheated,’ citing escalating leverage in both centralized and decentralized finance sectors. With Bitcoin’s (BTC) price retracing from its peak and dipping below $69,000, analysts at IntoTheBlock warn of the market showing signs of “being overheated,” sparking worries of a potential correction. The crypto market is showing signs of being overheated. An increasing amount of leverage in DeFi and CeFi markets suggests we may soon experience a correction. Let's dive in – based on @intotheblock's weekly newsletter 👇🚨 Not only are meme tokens rocketing left to right,… pic.twitter.com/4AvlCiv8gM…

BitcoinApr 17

DeFi Firm Usual Labs Raises $7M Round Led by Kraken Ventures and IOSG

Usual Labs has raised $7 million from investors, including IOSG and Kraken Ventures. The French company plans to launch its USD0 stablecoin in the second quarter. USD0 is a permissionless stablecoin backed by real-world assets and will pay holders a yield. Usual Labs, the firm behind the decentralized finance (DeFi) protocol Usual, has raised $7 million and received $75 million commitment in total value locked (TVL) for the launch of its stablecoin USD0, the company said in a statement on Wednesday. The French company raised money from more than a hundred firms, including two leading co-investors, IOSG and Kraken Ventures.…

DeFiApr 17

WOO X Introduces Meme Coin, Layer 2 Index Perpetuals in Partnership With Wintermute, GMCI

WOO X has introduced meme coin, layer 2 and the top 30 token Index perpetuals. The new products are backed by market maker Wintermute and indexing specialist GMCI. The new indices products would soon be complemented by a copy trading option, WOO X chief operating officer Willy Chuang said. Crypto exchange WOO X has introduced a set of index perpetual contracts linked to meme coins, the top 30 cryptocurrencies and layer 2 tokens, in partnership with market maker Wintermute and indices provider GMCI. WOO X closed a $9 million round in January of this year with participation from Wintermute and…

AltcoinsApr 17

Crypto Traders Now Prefer South Korean Won Over Dollar

According to a recent report by Bloomberg, the South Korean won has emerged as the new darling of cryptocurrency traders, surpassing the U.S. dollar. In the first quarter of 2024, the Korean won managed to generate $11 billion more in volume compared to the greenback. The growing popularity of altcoins in South Korea is one of the key reasons behind this phenomenon. Smaller tokens account for the vast majority of the aforementioned volume. Moreover, there is growing competition among local cryptocurrency exchanges. Bithumb and smaller exchanges are trying to eat away at the market share of Upbit, the current crypto…

ExchangesApr 17

OSL Exec Reveals How Hong Kong Is Preparing for Their Launch and Their Advantages Over US Counterparts

On March 14, with Bitcoin trading at around $73,115, Gary Tiu, Executive Director & Head of Regulatory Affairs at OSL Group, provided an in-depth analysis of the evolving landscape of spot Bitcoin ETFs in Hong Kong during his appearance on Bloomberg TV’s “The China Show.” His discussion with Yvonne Man and Annabelle Droulers shed light on the anticipation surrounding the introduction of these ETFs, the intricacies of the supporting infrastructure, and the broader implications for the digital asset market in Hong Kong. OSL Group, previously known as BC Technology Group, has established its presence in the digital asset market, providing…

BitcoinApr 17

Ripple CTO Clears Controversy Around XRP and Ripple Naming

Ripple CTO David Schwartz has recently addressed the persistent confusion surrounding the naming of XRP and Ripple, shedding light on the longstanding debate within the XRP community. Despite originating from common roots, the two entities are often erroneously conflated as one, a misconception that has endured over the years. The discussion was ignited by community enthusiast and lawyer Bill Morgan, who highlighted an instance in which XRP was incorrectly labeled as Ripple on the Australian Crypto Convention's website. This sparked a broader conversation within the community, with participants delving into the historical context of the naming confusion. David Schwartz, a…

AltcoinsApr 17

Is OKX the New Binance? Top Executives Quit

In the ever-turbulent crypto exchange ecosystem, the recent departure of key executives from OKX has sparked speculation and concern. This pattern resembles the earlier situation at Binance, one of the world’s largest crypto exchanges. Why OKX Employees Are Quitting? Tim Byun, former CEO of Okcoin and later Global Government Relations Officer at OK Group, and Wei Lan, Head of Product at OKX, have reportedly left their positions. As OKX merges its operations into a single global brand, the employees’ departures raise serious questions about the company’s stability and future. Tim Byun is a well-known figure in the crypto community. After…

ExchangesApr 17

Bitcoin Plunges 12% Today, What Triggered the Correction?

Bitcoin saw a sharp pullback from its all-time high of $73,750, falling to $65,630, reflecting a 12.3% decline. Over $810 million in crypto assets were liquidated from the global market. After soaring to new heights, Bitcoin’s (BTC) bullish momentum has hit a snag as the cryptocurrency experiences a significant pullback. Following its record-breaking peak of $73,750 on March 14, Bitcoin displayed a sharp decline, plunging to $65,630, marking a 12.3% drop. The sudden decline in Bitcoin’s price has resulted in over $278.77 million worth of BTC being liquidated in the last 24 hours. Also, a Binance deposit wallet moved 4,637…

BitcoinApr 17

Dogecoin Founder’s New DOGE, BTC, ETH Tweet Stirs Crypto Community

Billy Markus, who developed and launched the original meme cryptocurrency Dogecoin in collaboration with Jackson Palmer in 2013, has taken to the social media platform X (formerly known as Twitter) to share his take on the bloodbath on the crypto and stock markets that was observed just recently. Sharing a screenshot of possibly the list of the assets he is invested in, Markus (known on X as “Shibetoshi Nakamoto”) made a comment on what is happening, triggering a wide response from his army of followers. DOGE founder's crypto and S&P 500 tweet Billy Markus has shared a screenshot of an…

AltcoinsApr 17