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 Entering a Zone of Head-Spinning Volatility, According to Analyst Kevin Svenson – Here Are His Targets

Cryptocurrency analyst Kevin Svenson is offering his forecast on Bitcoin (BTC) amid a correction in the market. Svenson tells his 73,200 YouTube subscribers that Bitcoin is in the early stages of the fourth level of a parabolic curve pattern that started around November of 2022. A parabolic curve pattern is a staircase-like formation with four levels where the price generally pauses and whipsaws around for a while at each of the levels before continuing the bullish trend. According to Svenson, as Bitcoin embarks on the fourth stage of the current parabolic curve pattern, the volatility levels will shoot up. “Bitcoin…

BitcoinApr 16

Andrew Tate says this crypto blockchain ‘will be huge’

Although some of his previous statements could suggest a highly negative view of cryptocurrencies and individuals in that industry, social media personality and former professional kickboxer Andrew Tate has recently endorsed a blockchain he believes will be “huge.” Specifically, the controversial influencer announced that Venom, the recently launched Layer-0 blockchain by the Venom Foundation on the mainnet, “will be huge regardless” of whether or not his followers on social media buy it on his recommendation, according to his X post on April 14. Blockchain Venom. Dont buy it, I dont care. It will be huge regardless. Im only tweeting this…

MarketsApr 16

Santiment Reveals Top 10 Most Focused Tokens by Developers in the Forgotten Altcoin Group

Cryptocurrency analysis company Santiment announced in its statement the NFT-Game-themed altcoins that developers have focused on the most in the last 30 days. Although NFT-themed altcoins were one of the most trending parts of the last bull, they have gradually disappeared from the list of top altcoins as the NFT sector began to decline. However, recently, the NFT field has come to the fore again after Tensor (TNSR), one of the largest NFT platforms of the Solana ecosystem, distributed tokens to users via airdrop. However, this popularity of the TNSR altcoin may have occurred due to the popularity of airdrop-derived…

AltcoinsApr 16

Japan’s Ruling Party Urges ‘Immediate’ Crypto Tax Reform

Japan’s ruling party, the Liberal Democratic Party, wants the government to carry out “immediate” crypto tax reforms. Per an official Liberal Democratic Party release and a report from the Japanese-language media outlet CoinPost, the party’s web3 project team unveiled a “White Paper” on April 12. In February, the government unveiled plans to allow venture capital firms to invest in domestic crypto companies. Japan’s Ruling Party Wants Crypto Policy Changes The team said that “profits and losses” from “cryptoasset transactions” should “be subject to separate taxation by self-assessment.” And the team said the above issue “should be addressed immediately.” The report…

RegulationApr 16

Bitcoin Exchange OKX Announces Listing of Two New Memecoins! Here are the Details

OKX, a leading cryptocurrency exchange, announced the listing of WIF and MEW tokens on its spot trading market. OKX Adds WIF and MEW to Spot Trading Market Investors can expect the following schedule for deposits, trades and withdrawals: WIF and MEW deposits opened at 10:00 am on April 15, 2024. MEW/USDT spot trading will begin at 11:00 AM on April 15, 2024. WIF/USDT spot trading will begin at 12:00 on April 15, 2024. Withdrawals for WIF and MEW will open at 13:00 on April 16, 2024. WIF, represented by the symbol WIF, is a meme coin known as “dogwifhat” on…

ExchangesApr 16

Is the Bitcoin Bull Run Nearing Its End? Unveiling the current cycle

In the recent bull run landscape of cryptocurrency, the recent surge to new all-time highs of Bitcoin has captivated the investment community. This extraordinary milestone not only showcases Bitcoin’s increasing dominance and acceptance but also marks a pivotal shift in market dynamics and investor behavior. As we delve into the intricacies of this financial phenomenon, we aim to explore the underlying factors driving Bitcoin’s unprecedented rally, the changing patterns of wealth distribution among investors, and the strategic implications for those looking to navigate the next phases of the bull run. In doing so, we provide insights into the mechanics of…

BitcoinApr 16

HTX Ventures invests in COREx for BTCFi and next-gen DEX experience

HTX Ventures, the global investment division of cryptocurrency exchange HTX, has strategically invested in COREx, a decentralized exchange (DEX) that utilizes CoreDAO. COREx, a prominent product within the Core Ecosystem, is anticipated to revolutionize the domain in the era of decentralized finance (De-Fi) by integrating social networking and AI-driven tools. Built on the Geth codebase, CoreDAO, originally referred to as BTCFi is an Ethereum Virtual Machine (EVM)-compatible Layer 1 public blockchain. Its main goal is to boost throughput while lowering costs via a stringent hard-fork approach. This unique method seamlessly combines the strengths of Proof-of-Work (PoW) with Delegated Proof of…

MarketsApr 16

A Giant Whale Took Profit from These Four Altcoins During the Overall Market Decline: Gained $5.4 Million

A cryptocurrency whale reportedly deposited 182.4 billion PEPE ($1.24 million), 351,520 CAKE ($1.31 million), 1.88 million MANA ($1.11 million) and 1.83 million SAND ($1.09 million) on Binance just an hour ago. This impressive whale managed to profit from 8 different tokens, earning a total net profit of $5.4 million. Ethereum wallet address of the first whale: 0x37dfFd32Ea5b23813A263F725759632C120e0AC7 Meanwhile, another whale is causing serious tremors in the Ethereum market. This trader bought 10,309 ETH ($35.82 million) just two hours ago, right at the bottom of the market decline. This isn't the first time the whale has made a big leap. On…

AltcoinsApr 16

South African Regulator Grants Approval to 59 Crypto Platforms for Resident Services

South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA), has granted approval to 59 license applications from cryptocurrency platforms seeking to offer services to residents. During a financial conference, Felicity Mabaso, the FSCA divisional executive, revealed that the regulator received a total of 355 license applications, with 262 still pending, according to a report from News24. In response to this influx, the FSCA set a deadline of November 30 for exchanges and cryptocurrency platforms to submit license applications or face enforcement measures. FSCA Commissioner Unathi Kamlana explained that the application processing is ongoing and being carried out gradually due…

RegulationApr 16

Selected as First Exchange for China AMC’s Bitcoin And Ethereum ETF Launch

In a groundbreaking move set to redefine Hong Kong’s financial landscape, OSL Digital Securities has been appointed as the inaugural virtual asset trading and sub-custodian partner by China Asset Management (Hong Kong) (“ChinaAMC (HK)”). This strategic collaboration paves the way for the approval and launch of ChinaAMC’s first-ever spot Exchange-Traded Funds (ETFs) in Hong Kong. Representing a significant milestone, this partnership signals a pivotal shift towards embracing digital asset investments in the region. With the introduction of Spot BTC/ETH ETFs, Hong Kong joins the ranks of leading financial hubs such as Canada, Germany, and Switzerland. The move mirrors the success…

ExchangesApr 16