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.

El Salvador Starting to Buy Bitcoin?

Recent transaction data indicates that El Salvador may be escalating its strategy to accumulate Bitcoin, the digital gold of the 21st century. A cold wallet, identified as associated with El Salvador, received a transfer of 1 BTC from cryptocurrency exchange Bitfinex. Bitfinex is recognized for serving large institutional buyers on the cryptocurrency market, which suggests that the nation is continuously reinforcing its Bitcoin reserves. El Salvador has been at the forefront of national Bitcoin adoption, consistently purchasing the cryptocurrency and integrating it into its economic framework. The latest transaction hints at a potential increase in the pace of acquisition. This…

BitcoinApr 14

Hong Kong Could Approve Spot Bitcoin, Ether ETFs as Early as Monday: Bloomberg

Hong Kong could approve spot bitcoin (BTC) and ether (ETH) exchange-traded funds early as Monday, Bloomberg reported, citing two people familiar with the matter. If listing details are worked out in time with Hong Kong Exchanges & Clearing, the products could be launched by the end of the month, the report said. Harvest Global Investments, a major asset-management company in China, which was reportedly the first to apply for a spot bitcoin exchange-traded fund (ETF), and a product by Bosera Asset Management (International) Co. and HashKey Capital, could be the first to get approvals. Hong Kong approval of the ETF…

MarketsApr 14

Bitcoin Meme Coin PUPS Fuelled by Hype Ahead of Runes Release

The hype surrounding the upcoming Runes protocol saw Bitcoin meme coin PUPS jump some 50% in the past 24 hours as traders look to bet on Bitcoin-adjacent tokens and networks ahead of the halving. The meme coin was trading over $66 as of Asian afternoon hours with a $516 million market capitalization, making it the third-largest Bitcoin-based token behind ordi (ORDI) and sats (SATS). The PUPS collection led global sales and volumes among all NFT collections, Cryptoslam data shows, with over $11 million in volumes. Uncategorized Bitcoin Ordinals collections and NodeMonkes were next with $7 million and $1 million in…

AltcoinsApr 14

Uniswap Labs Hit with Wells Notice by SEC: Vows to Fight Back

Uniswap Labs, the creator of the Uniswap decentralized exchange (DEX) protocol and the issuer of the UNI token, was hit on Wednesday with a Wells notice by the US Securities and Exchange Commission (SEC) and vowed to fight back. A Wells notice is a notification from regulators to an individual or company that an investigation on them has been completed, infractions have been discovered, and they are about to take legal action. Why Did Uniswap Receive a Wells Notice? News first broke that the SEC was investigating Uniswap last summer. Now that the Wells notice is here, Uniswap Labs is…

RegulationApr 14

Bitcoin inches closer to major ‘danger zone’ as halving nears

Although Bitcoin (BTC) has started the week on a positive note, recovering from the recent losses that followed its new all-time high (ATH), the maiden cryptocurrency is inching closer to a major ‘danger zone’ in which it has historically started to make its pre-halving retraces. Specifically, Bitcoin has traditionally performed pre-halving retraces in the period between 14 and 28 days before its halving event, with a 40% retrace in 2016 and a 20% one in 2016, according to the observations shared by crypto trading expert Rekt Capital in an X poston March 17. Highway to the danger zone In other…

BitcoinApr 14

Berachain secures $100 million in expanded funding round

Layer-1 blockchain Berachain has successfully secured $100 million in a Series B funding round co-led by Brevan Howard Digital’s Abu Dhabi branch and Framework Ventures, as reported by Bloomberg. Polychain Capital, Hack VC, and Tribe Capital also participated in the funding round, which is a SAFT, a simple agreement for future tokens, and had an amount approximately 45% larger than initial reports predicted. “We see this raise as a major validation of our approach to building a blockchain that’s built on feedback from real users and developers, and driving value to those groups who are actually contributing to the network’s…

MarketsApr 14

Half a Billion XRP Unexpectedly Leaves Unknown Escrow Accounts

In an unexpected turn of events, half a billion XRP tokens were unlocked from unknown escrow accounts earlier today, according to data from Whale Alert. This departure from the usual monthly unlocking of Ripple accounts has left the community buzzing with speculation. The unlocking occurred in two stages, with 200 million XRP initially released, equivalent to $122.64 million, followed by an additional 300 million XRP, valued at $183.89 million. Notably, both transactions originated from the "rDqGA" address, which has been linked to Ripple since 2017, though it had remained dormant since 2021, per Bithomp records. 🔓 🔓 🔓 🔓 🔓…

AltcoinsApr 14

Crypto Leaders Demand Regulatory Clarity

The crypto industry is rallying behind Uniswap, a leading decentralized exchange (DEX), after the US Securities and Exchange Commission (SEC) issued the platform a Wells notice. The notice signals a potential enforcement action, escalating regulatory tensions within the fast-growing decentralized finance (DeFi) sector. Industry Titans Stand United; Uniswap Shows Resilience Prominent figures, including Coinbase CEO Brian Armstrong and Haun Ventures CEO Kathryn Haun, have publicly backed Uniswap. They expressed criticisms of the SEC’s approach. Armstrong emphasizes the importance of unity in the crypto sector during the upcoming November election. He also promoted Stand With Crypto, an organization pushing for clear…

RegulationApr 14

A Guide to ETFs and Futures

Bitcoin, developed by Satoshi Nakamoto, symbolizes the cryptocurrency revolution. Its innovative blockchain technology promises open, safe, and decentralized financial transactions. This will revolutionize finance in the contemporary world. Despite its volatile nature, Bitcoin’s allure lies in its potential to reshape global finance. This article delves into the realm of Bitcoin ETFs and futures, exploring their significance in navigating the cryptocurrency landscape. From understanding the fundamentals to analyzing market impacts, explore a journey to uncover the evolving role of Bitcoin ETFs and futures in shaping the future of digital finance. Bitcoin: The Heart of Cryptocurrency Bitcoin is at the center of…

BitcoinApr 14

BlackRock CEO Larry Fink Predicts Fed Rate Cut

Larry Fink, CEO of BlackRock, the world's largest money manager, said today that the FED may reduce interest rates this year, but may not meet its inflation target. BlackRock also has a Bitcoin Spot ETF called IBIT. While markets are nervous about the direction of monetary policy, Fink said he was skeptical about the central bank reaching its 2% inflation target anytime soon. Fink's remarks come in light of the latest report showing inflation running at 3.5% annually. Despite the high inflation rate, Fink expects the Fed to make some interest rate cuts this year. However, he also predicts that…

MarketsApr 14