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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 (BTC) Suddenly Reclaims $65K, Shorts Getting Clobbered

The price of Bitcoin, the flagship cryptocurrency, has suddenly managed to reclaim the coveted $65,000 level. It surged to $65,460 earlier today before paring some recent gains. Despite the recent dip, the price of the leading cryptocurrency is up roughly 25% over the past 30 days. Massive liquidations According to data provided by CoinGlass, more than $46 million worth of short positions have been liquidated over the past four hours. Roughly $12 million worth of short positions have been wiped out in the span of a single hour. However, the bulls still suffered a much bigger blow compared to the…

Bitcoin

Swiss central bank believes retail CBDCs could destabilize financial system

Swiss National Bank (SNB) Chairman Thomas Jordan said the central bank “sees no need” to issue a central bank digital currency (CBDC) for public use despite the benefits of a wholesale version. Jordan argued that the current financial market offers a wide selection of efficient and innovative payment methods through the private sector, rendering a retail CBDC unnecessary. Retail risks The central bank chairman said that retail CBDCs could significantly disrupt the established monetary system and the symbiotic relationship between central banks and commercial banks, leading to extensive and unpredictable impacts on the overall financial framework. Jordan added that the…

Markets

Dogecoin Surpasses Entire AI Crypto Market Sector, Here's How

In a recently published tweet, cryptocurrency analyst Miles Deutscher touched on the AI topic, sharing his predictions as to how artificial intelligence will continue to expand particularly within the crypto space. He also named an important metric by which DOGE meme coin beats the entire AI crypto sector. DOGE has left all AI cryptos behind, "big secret" about AI coins unveiled The analyst made a point of stressing that he expects artificial intelligence and products that will be powered by it in the future to become one of the biggest bubbles in the history of financial markets. So far, it…

Altcoins

A Community-Powered Early Warning System

Building bridges in the blockchain world, particularly in bridging different networks or chains, presents an intriguing paradox. While there is a strong focus on enhancing the internal security measures of these technologies through rigorous audits and layered security protocols, external threats often remain underestimated. A recent incident involving the Harmony Bridge, known as the Harmony Bridge Attack, serves as a stark reminder of these external vulnerabilities. Harmony’s Horizon Bridge, a canonical bridge for the Harmony blockchain, was designed to facilitate the movement of assets between Ethereum and Harmony. The bridge maintained a 1:1 ratio of tokens on both chains by…

Blockchain

El Salvador leans on Bitfinex for daily bitcoin buy

Nayib Bukele, the self-described dictator of El Salvador, recently revealed the address where the country is storing the lion’s share of its Bitcoin holdings, 32ixEdVJWo3kmvJGMTZq5jAQVZZeuwnqzo. This address reveals that El Salvador has more bitcoin than they had previously stated, and provides further insight into the relationship between the nation of El Salvador and the crypto exchange Bitfinex. A detailed review of the approximately 5,693 bitcoins in the cold wallet showed that 4,560 of these were received from an address believed to be Bitfinex. Nayib Bukele reveals El Salvador received 4,560 bitcoins from Bitfinex The address has also continued to receive…

Bitcoin

Crypto Whales Buy $35 Million in Ethereum: Price Impact

On-chain analytical platform Spot On Chain reveals that crypto whales have channeled $35.11 million in stablecoins into Ethereum (ETH), propelling its price past $3,400. These crypto whales’ activities will potentially carve the path for Ethereum’s forthcoming price action. How Crypto Whales’ Activities Established a Strong Support For ETH Price A closer look at the transactions reveals a strategic play. Eight crypto wallets, likely under a single entity’s control, deployed $20.86 million in USDT to purchase 6,144 ETH, averaging a price of $3,395. “Notably, five wallets labeled “Address Group 1” were funded with USDT by wallet 0x065 while those from “Address…

Ethereum

BCB Group Moves Custody of Digital Asset Operations to Metaco’s Platform

BCB has moved its custody operations to Ripple-owned Metaco’s platform. The move will allow the payments firm to consolidate its custody technology. BCB provides crypto payments and trading services for clients, including Galaxy Digital and Gemini. Metaco, a Swiss crypto custody firm owned by Ripple, said BCB Group, a crypto payments firm, consolidated governance of its digital asset custody operations onto its flagship platform. London-based BCB Group, having migrated its operations from a third-party digital asset technology provider, is now using Metaco’s custody orchestration platform, the companies said in a statement. The move allows the payments firm to consolidate its…

Markets

How Circle Will Fuel Stablecoin Liquidity on Solana

Stablecoin issuer Circle is enhancing liquidity on Solana through the forthcoming launch of its Cross-Chain Transfer Protocol (CCTP) on the network. This protocol enables users to seamlessly transfer USDC across supported blockchain networks by burning and minting the stablecoin. CCTP operates on seven networks: Ethereum, Avalanche, Base, Noble, Arbitrum, OP Mainnet, and Polygon PoS. CCTP to Boost Solana Stablecoin Liquidity Circle has unveiled a pre-mint address allowing CCTP to mint USDC on Solana before the March 26 launch. This strategic move empowers Circle to establish and maintain a USDC balance on Solana. However, the pre-minted tokens await inclusion in the…

Altcoins

South Korea eyes blockchain tech to streamline job application process

In line with the pursuit to improve its digital economy, South Korea has announced plans to equip its citizens with artificial intelligence (AI), quantum computing, and blockchain technology skills. The Ministry of Science and ICT (MSIT) said the plan to introduce digital skills will span five years and is geared toward deepening the talent pool. The “Comprehensive Plan to Nurture Digital Talent” is South Korea’s ace to catch up with other competing jurisdictions for emerging technologies. Presently, South Korea has around 99,000 individuals with digital skills, but several researchers predict a spike in the demand for digital talent. The demand…

Blockchain

Bitcoin Rebounds to $65K as Investors Weigh Looming Fed Decision Risk

Bitcoin slightly rebounded after dipping over 15% from last week's record as investors trimmed risks. Wednesday's Fed decision poses a risk for crypto asset prices, with concerns over a less investor-friendly stance due to strong U.S. economic data and sticky inflation, LMAX Group market strategist said. Bitcoin (BTC) price rebounded to near $65,000 from its overnight lows on Tuesday, but the upcoming Federal Reserve meeting concluding on Wednesday is looming large over the crypto market to decide whether the correction is over. After notching a series of fresh all-time highs over the past weeks, the largest crypto by market capitalization…

Bitcoin