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.

Bittensor (TAO) & Toncoin (TON) Make Waves

The narrative surrounding artificial intelligence (AI) within the crypto sector is experiencing a powerful resurgence. This renewed interest drives substantial gains for projects at the forefront of AI integration, with Bittensor (TAO) and Toncoin (TON) leading the charge. On April 11, 2024, Bittensor (TAO) and Toncoin (TON) experienced significant gains in the Asian market time. Renewed Hype Fuels Bittensor (TAO) and Toncoin (TON) Surge TAO, Bittensor’s native token, witnessed a sharp price increase following its listing announcement on the major crypto exchange Binance. The exchange will offer spot trading pairs for TAO/BTC, TAO/USDT, TAO/FDUSD, and TAO/TRY, starting April 11, 2024,…

AltcoinsApr 15

Top Trader Says Bitcoin Trend Showing Change in Character, Warns BTC Flashing Multiple Bearish Signals

A trader who rode the 2023 crypto breakout is warning that Bitcoin’s (BTC) strong uptrend is flashing signs of weakness for the first time since the spot market exchange-traded funds (ETFs) were approved in January. In a new strategy session, pseudonymous trader DonAlt tells his 58,000 YouTube subscribers that BTC’s strong uptrend this year is beginning to show signs of exhaustion. “Since the ETF candle, we just had consolidation [then] up, consolidation [then] up, consolidation [then] up, up, up. And this one’s the first time where that hasn’t happened, [and it] led to a dump… This is a little bit…

BitcoinApr 15

Shiba Inu's Shibarium Eyes 97% Decrease in Key On-Chain Metric: What Happened?

Shibarium, a prominent blockchain platform from Shiba Inu, witnessed a staggering 97.7% drop in transaction activity within just 24 hours. According to data provided by Shibariumscan, the number of transactions plummeted from 242,300 on April 9 to 5,630 on April 10. Remarkably, while Shibarium experienced this significant decline in transaction volume, other metrics within the Shiba Inu network remained relatively stable. For instance, the number of active accounts interacting within Shibarium has held steady at 72,000 over the past five days. Moreover, there has been a notable increase in the creation of new accounts, rising from 536 to 626. The…

AltcoinsApr 15

Crypto.com CEO Says Bitcoin Cycle Currently in December 2020 Phase, Sees Steady Ramp-Up of Capital Flowing to BTC

The CEO of the Singapore-based digital asset exchange Crypto.com is sharing his insights on Bitcoin (BTC) after its recent pullback from new record highs. In a new interview with CNBC, Kris Marszalek says Bitcoin is currently in the midst of a strong uptrend last witnessed in December 2020 and January 2021, when BTC started a parabolic rally from $20,000 to above $60,000 in just a few months. “We sit on a ton of proprietary data so we can look back at the 2021 cycle from a retail perspective and compare it to what’s happening now. Looking at the data and…

BitcoinApr 15

820K+ XRP Now Locked in XRPL AMMs as Trading Resumes Upon Recent Amendment Fix

The XRP Army has moved en masse to lock their tokens on various automated market maker pools as trading resumes following a recent amendment fix. In a recent post on X, community member Krippenreiter called attention to the uptick in XRP tokens locked on AMM pools. At the time of the update, about 604K XRP assets have been locked across 201 liquidity pools. Over 820K XRP Locked in AMMs Remarkably, in a space of three hours, the number has expanded by over 200,000 XRP. In particular, at the time of reporting, data from the XRP explorer XRPScan indicates that 820,657…

AltcoinsApr 15

Bitcoin Fog’s legacy becomes a faint memory

If you’ve been paying attention, you’ll know that Bitcoin has been basking in the limelight, smashing records with an all-time high of $73,803. Following closely, the U.S. warmly welcomed a shiny new fleet of spot Bitcoin exchange-traded funds, with the heavyweight BlackRock leading the charge. This extravaganza pulled in more than a cool $10 billion, making heads turn and eyebrows raise in the financial universe. Suddenly, Bitcoin isn’t just for the digital rebels and the under-the-radar operators; it’s sitting pretty in portfolios that matter, rubbing shoulders with the big guns of investment assets. The Undeniable Presence of Scandal But let’s…

BitcoinApr 15

Introduces CSPR Token to On-Chain Earn Product

OKX has so far continued to make strides in providing users with innovative opportunities to grow their assets. The latest update from OKX, announced today, marks a significant development in the integration of the Casper network’s CSPR token into its On-Chain Earn product. Beginning April 11, 2024, users will have the chance to subscribe to this new offering, opening doors to enhanced on-chain rewards with simplified operational procedures. Enhancing User Experience with On-Chain Earn OKX’s decision to add the CSPR token to its On-Chain Earn product is a testament to its commitment to providing users with seamless and rewarding experiences.…

AltcoinsApr 15

Investor Names Key Reason Behind Bitcoin (BTC) Crash

The cryptocurrency market experienced a significant downturn recently, with Bitcoin leading the plunge. Fred Krueger, a notable figure in the investment community, took to X to analyze the cause behind this sudden crash, putting forward a complicated theory. Did massive bet backfire? According to Krueger, a large fund was engaged in a risky trading strategy involving shorting MicroStrategy (MSTR) stock while simultaneously buying Bitcoin (BTC), with a staggering $1 billion allocated to each side of the trade. His strategy backfired last Friday when the fund was forced to stop out, leading to the sale of $1 billion worth of Bitcoin.…

BitcoinApr 15

Shiba Inu Joins CDSA to Battle AI-Driven Concerns Using Shibarium

Shiba Inu is partnering with the Content Distribution and Security Association (CDSA) to propose and develop blockchain technology for media and entertainment, with a focus on security and content distribution. The collaboration aims to use blockchain technology to address concerns in the AI sector, such as deepfakes and plagiarism. SHIB, an interconnected family of digital assets and solutions built on the Ethereum blockchain that includes the popular meme coin Shiba Inu, today said it is partnering with the Content Distribution and Security Association (CDSA) in a release to CoinDesk. Shiba Inu developers will propose and develop blockchain technology specific to…

AltcoinsApr 15

9 New Bitcoin ETFs Surpass GBTC by Accumulating 450,000 BTC Worth Over $30B

The latest statistics on bitcoin reserves from the nine new spot bitcoin exchange-traded funds (ETFs) reveal they currently possess 453,503.98 bitcoins, valued at approximately $30.29 billion based on the current exchange rates. The 9 New ETFs Hold Nearly a Half Million Bitcoin Since their inception on Jan. 11, 2024, these nine spot bitcoin ETFs have rapidly accumulated a significant amount of bitcoin (BTC), with projections indicating they will soon surpass the half-million mark. As of March 17, 2024, their collective holdings amount to 453,503.98 BTC, valued at $30.29 billion. Leading the pack is Blackrock’s IBIT, with a massive holding of…

BitcoinApr 15