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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 on the cusp of hitting the danger zone; Here’s why

Bitcoin (BTC) is currently navigating volatile waters, hovering below the $70,000 mark, with analysts highlighting parallels between the current price movement and historical patterns observed before halving events. Notably, the market is anticipating the upcoming halving event, widely regarded as a bullish signal for Bitcoin’s long-term prospects. In terms of the anticipated price trajectory, crypto analyst Rekt Capital cautioned investors to brace for potential extended losses in the coming weeks, as indicated in a post on X (formerly Twitter) on March 17. According to the analyst, Bitcoin is on the verge of entering what he termed the “danger zone,” historically…

Bitcoin

Trader Nets Over 11x Profit on a Solana-Based Memecoin That’s Exploded Over 2,500% in a Month: On-Chain Data

A crypto trader made millions of dollars in profit on a Solana (SOL)-based memecoin in a matter of weeks, according to the digital asset tracker Lookonchain. Lookonchain notes that the trader spent 3,100 SOL worth $530,000 to buy 12.08 million Jeo Boden (BODEN) two days after BODEN went online last month. BODEN is a new memecoin built on Solana. On April 6th and 9th, the trader sold a total of 9.08 million BODEN for 23,758 SOL worth $4.06 million, realizing a profit of 20,659 SOL ($3.53 million). The crypto trader still holds 3 million BODEN. With the memecoin trading at…

Altcoins

New Ethereum Update Details and Date Announced – Here’s What You Need to Know

After a nearly four-year wait since the initial proposal, Ethereum (ETH) developers are gearing up to include EIP-3074 in Ethereum's update, codenamed Pectra, scheduled for release later this year. EIP-3074 promises numerous user experience improvements on traditional wallets by enabling the delegation of certain functions to smart contracts. In this way, according to the statements, it opens the way for capabilities such as mass approval of transactions, gas payment in various ERC20 altcoins, advanced security, account recovery and more. However, the upgrade removes full account abstraction as the authorized wallet cannot initiate transactions. “All things considered, the teams were in…

Ethereum

Enhancing Mina with Recursive zkRollups: A Deep Dive

In the realm of blockchain, Mina Protocol stands out since its blockchain is fixed in size, and it is based on the idea of a proving system employing recursive zk-SNARKs. With this method, L1 security is guaranteed, and the synchronization process is rapid as if there were a full node. However, the amount of data to handle will be less. It is not only a layer for smart contracts but also increasingly becomes a hub for zkApps, which are, in fact, many different apps that use unique zero-knowledge features such as modular proofs, extended off-chain computation, and no transaction costs.…

Blockchain

‘There and Back Again:’ Bitcoin’s Revival Explained for ‘The Lord of the Rings’ Fans (Op-ed)

2022-2023 was an excellent period for naysayers who crushed, denounced, lambasted, and even proclaimed Bitcoin (BTC) is “dead.” A “dark age” where there appeared to be little hope that the primary cryptocurrency would once again rise or even exceed its previous peaks. However, BTC always seems to have the final word (at least, it has been like that in its 15-year history). Its price launched a massive rally at the beginning of 2024 that led to an unprecedented height of over $72,000. The asset is back on the front pages; the hype surrounding it keeps rising each day, while critics…

Bitcoin

dYdX to distribute ’60 to 80 million’ to stakers this year: Marketing head says

dYdX to distribute '60 to 80 million' to stakers this year: Marketing head says dYdX Chain's trading volume hits $100 billion, stakers to benefit from robust rewards. The Foundation supporting decentralized crypto exchange dYdX is setting the stage to distribute “60 to 80 million” in USDC to its stakers this year, Tristan Dickinson, the head of marketing and communications, revealed in an exclusive interview with Crypto Briefing. “The adoption has been pretty staggering. We hit 100 billion in dYdX chain trading volume yesterday. So that’s in less than five months.” said Dickison in a interview at Paris Blockchain Week. “Maybe…

Altcoins

Ethereum Price Reclaims $3K But Can ETH Continue Higher?

Ethereum price dived over 10% before the bulls appeared near $2,550. ETH is back above $3,000 and now faces many hurdles near $3,200. Ethereum is attempting a recovery wave from the $2,550 support zone. The price is trading below $3,250 and the 100-hourly Simple Moving Average. There is a rising channel forming with resistance at $3,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it stays above the $3,000 support zone. Ethereum Price Eyes Recovery Wave Ethereum price started a major decline from the $3,550 resistance. ETH declined over 10% and…

Ethereum

Nimble Network Integrates with Data Storage Mechanism of BNB Chain

Nimble Network, a well-known AI protocol, has announced an exclusive integration to offer comprehensive decentralization. The company announced on its X account that Greenfield (the data storage mechanism of BNB Chain) will integrate with Nimble Network to increase the decentralization of the AI stack. Our newest integration with @BNBCHAIN's Greenfield brings us one step closer to fully decentralizing the AI stack. Nimble will use BNB’s Greenfield data storage system to store models used within our protocol, eliminating one more centralization point in traditional AI.… pic.twitter.com/E7bV3Q0HYS — Nimble Network (@Nimble_Network) April 12, 2024 Nimble Network Announces Integration with Greenfield of BNB…

Blockchain

DOGE Seen as One of Ultimate Playgrounds as Bitcoin Halving Approaches: Dogecoin Contributor

An influential Dogecoin contributor who goes by the name Mishaboar on X/Twitter has published a warning to the DOGE army. He stressed that his warning is particularly important in light of the approaching Bitcoin halving approximately one week from now. Mishaboar has warned that he expects extreme volatility to hit the cryptocurrency market, hence, the advice he offered to the DOGE army in his tweet. DOGE contributor's major warning The contributor has once again warned the Dogecoin community to stay away from using leverage or trading any crypto derivatives. Mishaboar stressed that this advice is good at any time, but…

Altcoins

Reddit Co-founder Foresees a Collision of AI and Blockchain Technologies

According to Ohanian, there is an “indisputable need” for both AI and blockchain. Blockchain technology, in his view, offers a way around the problem via inscriptions. Alexis Ohanian, co-founder of Reddit, has put forth a notion that blockchain technology and artificial intelligence (AI) might collide. The tech entrepreneur claims that artificial intelligence and blockchain are on the cusp of a “collide” that will lead to mutual reinforcement. He elaborated by saying that the connection between the two cutting-edge technologies was the inspiration for his hypothesis. According to Ohanian, there is an “indisputable need” for both AI and blockchain. Vision for…

Blockchain