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.

Why Degens Rush to Create Meme Coins When Celebrities Die

On Thursday morning, OJ Simpson’s family announced that the controversial former football star had died after a years-long battle with cancer. It was only a matter of minutes, then, before the inevitable: a flurry of themed, highly speculative meme coins capitalizing on the former NFL star and actor's passing. Coins named “OJ Simpson,” “RIP OJ Simpson,” “Gently used leather gloves,” and even, yes, “Expired OJ,” shot off within minutes of the news breaking. The OJ-themed tokens quickly acquired millions of dollars worth of trading volume, with some skyrocketing in price—and most, of course, collapsing spectacularly within hours of launch. It’s…

AltcoinsApr 14

Bitcoin Price Hits Support But Fresh Rally Faces Many Hurdles

Bitcoin price tested the $65,000 support zone. BTC is now rising and attempting a fresh increase above the $70,000 resistance zone in the near term. Bitcoin price is showing a few positive signs from the $65,000 zone. The price is trading below $70,000 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance at $67,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $70,000 resistance zone in the near term. Bitcoin Price Holds Support Bitcoin price started…

BitcoinApr 14

Investors must protect themselves from hidden defi costs in 2024

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Defi offers exciting possibilities for investors, but beyond upfront gas fees, there are hidden costs that can significantly reduce potential returns. You might also like: Decentralized AI will create the next wave of Silicon Valley unicorns | Opinion While traditional payment processing firms like Visa and Mastercard offer fixed fees for merchants and consumers alike, blockchains powered by smart contracts operate differently. Across networks such as Ethereum and Solana—as well as other EVM-compatible platforms—transaction costs are dynamic.…

DeFiApr 14

TON airdrops $2.2m to meme coin traders amid Toncoin’s new all-time high

TON Foundation distributed 300,000 Toncoin to active meme coin traders. The Open Network project airdropped Toncoins (TON) worth around $2.19 million to the most active meme coin traders on DeDust and Ston.fi platforms. Meme coin traders who made transactions on DeDust and Ston.fi between March 4 and April 10 were eligible for the airdrop. Users also had to trade whitelisted meme coins on the network to amass points, a fast-rising reward system. 4/ Trading volume points breakdown: – <$2,700: 0 points – $2,700-$4,999: 1 point – $5,000-$9,999: 2 points – $10,000-$24,999: 3 points – >$24,999: 4 points — TON 💎…

AltcoinsApr 14

Will Bitcoin Enter The Danger Zone as Fed Rate Decision Looms ?

“It’s officially Fed week, the week we’ve all been waiting for,” exclaimed macroeconomics outlet The Kobeissi Letter on March 17. The US Central Bank will make its highly anticipated announcement on March 20, which will set the tone for the US’s economic outlook going forward. Key Events This Week: 1. Housing Starts data – Tuesday 2. Fed Interest Rate Decision – Wednesday 3. Fed Press Conference – Wednesday 4. Philly Fed Manufacturing Index – Thursday 5. Existing Home Sales data – Thursday 6. Fed Chair Powell Speaks – Friday It’s officially Fed… — The Kobeissi Letter (@KobeissiLetter) March 17, 2024…

BitcoinApr 14

Bitwise President Explains Why He’s Curious About Ethena

The latest stablecoin hype train is underway in the form of Ethena (USDe), and Bitwise President Teddy Fusaro is taking an interest. In an April 10 Twitter thread reviewing the protocol’s mechanics, Fusaro noted that USDe “may be the fastest-growing USD-denominated asset in the history of crypto.” Bitwise Examines Ethena (USDe) “USDe operates v similarly to an ETF,” he wrote. Bitwise itself owns many crypto funds, including a new and popular Bitcoin spot ETF, though it has no investments in Ethena. On Amtrak to Boston. Had a min to look at Ethena & USDe which may be the fastest-growing USD-denominated…

AltcoinsApr 14

Bitcoin Sees Significant Profit-Taking by Short-Term Holders

Bitcoin (BTC) is witnessing substantial profit-taking activities, particularly from its short-term holders. The digital currency, which is currently trading at $68,740.53, has shown remarkable resilience and growth over the past months. However, on-chain data and market analysis indicate a notable trend of profit-taking among investors who have held BTC for less than five months, according to CryptoQuant data. The Spent Output Profit Ratio (SOPR) has indicated a significant movement that parallels profit-taking trends observed during the peaks of past bull markets. Short-term investors capitalize on gains The analysis of the SOPR metric reveals that short-term BTC holders have been actively…

BitcoinApr 14

Ondo Token (ONDO) Surges on Instant USDC Conversion Feature for BlackRock Fund

Ondo Finance unveils seamless conversion between BlackRock’s BUIDL token and Circle’s USDC stablecoin. The innovation marks a significant step towards increased liquidity for tokenized traditional assets. “We are using it to power instant 24/7/365 redemptions of OUSG into USDC,” says Ondo Finance CEO Nathan Allman. Ondo Finance (ONDO) jumps after successful test of BlackRock’s tokenized fund to USDC conversion. This feature boosts liquidity and offers potential for exciting developments in crypto-powered traditional finance. Ondo Finance Leverages Circle’s Innovation for Instant Conversions Innovations in the crypto space are pushing boundaries, demonstrated by Ondo Finance’s use of Circle’s new smart contract function.…

AltcoinsApr 14

Queensland’s CCC Aims to Modernize Confiscation Laws to Facilitate “Effective” Seizure of Crypto Assets

Queensland’s Crime and Corruption Commission (CCC) has identified gaps in state laws that inadvertently encourage criminal use of digital assets, prompting the agency to propose a modernization of Queensland’s asset confiscation laws. In a 54-page report, the CCC expressed concerns about the effectiveness of Queensland’s Criminal Proceeds Confiscation Act 2002 (CPCA) in seizing cryptocurrencies linked to organized crimes, such as money laundering. In response, the commission called for significant reforms to the act, with a focus on achieving seven priority outcomes, three of which directly address the need for the effective seizure of digital assets. The CCC highlighted the increasing…

RegulationApr 14

Will Bitcoin Surge Above $70K Again Anytime Soon?

Bitcoin’s volatility persists amid mixed signals, leaving investors cautious. Daily transaction volume hits the highest point since 2022, signaling blockchain activity surge. Bitcoin’s recent tumultuous journey has left investors and market enthusiasts on edge as the cryptocurrency experiences unprecedented highs and worrying dips. After reaching an all-time high of over $73,500 earlier this month, Bitcoin’s rapid ascent was matched by an equally swift descent, plunging below the $65,000 mark. Presently, it hovers around $68,517, showing a modest uptick of 3%. However, the trading volume paints a less optimistic picture, witnessing an 8.7% decline to $44 billion. Despite this, Bitcoin’s daily…

BitcoinApr 14