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.

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…

BitcoinApr 10

Bear Trap? Peter Brandt Answers

Renowned veteran trader Peter Brandt has once again shifted his focus to the Ethereum vs. Bitcoin chart, offering intriguing insights into recent developments. This move comes after Brandt's previous scathing remarks about ETH, labeling it a "junk coin" and its holders as "Etheridiots." However, amid Ethereum's recent plunge to its lowest point against Bitcoin in nearly three years, the trader's perspective appears to have taken a different turn. Examining the Ethereum-to-BTC chart, Brandt hinted at the possibility of a bear trap. He pointed out that whenever a price hits a new 35-month low, there is a potential for a bear…

EthereumApr 10

Stablecoins Are Seeing Adoption as a Cross-Border Settlement Mechanism: Bernstein

Stablecoins are being adopted for cross-border settlements, Bernstein said. There have been signs of early adoption by payment firms such as Paypal and Visa, the broker said. Stablecoin supply is growing, the report noted. The stablecoin market is growing and these cryptocurrencies are being adopted for cross-border settlements with payments firms, fintech companies and consumer platforms among the early users, broker Bernstein said in a research report on Tuesday. Bernstein notes that stablecoin supply currently stands at $150 billion, with tether (USDT) and USD Coin (USDC) dominating the market with shares of 75% and 22% respectively. A stablecoin is a…

MarketsApr 10

$90,000,000,000,000 Transfer of Wealth Will Be Worthless for Many Due To Single Overwhelming Expense: Report

A massive transfer of wealth from baby boomers to their brethren is underway, but a look at the numbers shows many people will not receive what they expect. The “overwhelming” cost of health care will drain the majority of boomers’ wealth before it can be handed over to Gen Xers and Millennials, according to an analysis from CNBC. Front and center is a report from Fidelity that estimates how much individuals need to have saved to pay for their medical costs. The report finds single people who turned 65 years-old in 2023 may need about $157,500 saved after taxes to…

AltcoinsApr 10

Here’s How Many Shiba Inu Binance Currently Holds

Binance has published its updated Proof-of-Reserve (PoR) report for March 2024, boasting a holding of 67.67 trillion Shiba Inu (SHIB) tokens. The report showed that the exchange held billions of dollars’ worth of crypto assets, including Shiba Inu (SHIB), at the time of the audit on April 1, 2024, at 00:00 (UTC). Binance’s Shiba Inu Holdings It is worth noting that the exchange’s Shiba Inu reserve exceeds users’ deposits by 3.59%. According to the data, while Binance customers’ net balance stood at 65,321,321,452,095.36 (65.32 trillion) tokens, the exchange boasts a reserve of 67,670,462,296,521 (67.67 trillion) SHIB. This indicates that Binance…

ExchangesApr 10

BitGo Enhances Its Wallet Services with Arbitrum (ARB) Support

BitGo, a leading digital asset custody service provider, has broadened its offerings by integrating support for Arbitrum’s native ERC-20 governance token, ARB. This update enables BitGo’s clients to manage ARB across a variety of wallet options, including Hot, Custodial, and Self-Managed Cold wallets, marking a significant step forward in the accessibility and management of ARB tokens. Arbitrum’s Role in Scaling Ethereum Arbitrum stands at the forefront of Layer 2 (L2) solutions, aimed at propelling the ecosystem forward by addressing some of its most pressing challenges: scalability, speed, and cost. As a Layer 2 technology, Arbitrum’s primary mission is to enhance…

BlockchainApr 10

The Bitcoin Halving Really Is Different This Time

It’s not often in crypto that you can say “this time is different” in good faith. But this time it really is different for Bitcoin’s halving, slated for next month. As Bitcoin historian Pete Rizzo noted recently, this is the first time bitcoin (BTC) has rallied before the programmatic slashing of block rewards — all three prior halvings (2020, 2016, 2012) preceded a major runup in crypto prices. This column is part of CoinDesk’s “Future of Bitcoin” package published to coincide with the fourth Bitcoin “halving” in April 2024. It also published in The Node newsletter, a daily rundown of…

BitcoinApr 10

Ethereum Surges Past $3,600 as Whales Make Massive Moves

The price of Ethereum ($ETH) has surged by approximately 7% in the past three hours, reaching beyond the $3,600 mark. Remarkably, the price growth is accompanied by substantial whale action on the blockchain. Over this timeframe, the systems spotted two significant whale transactions across addresses 0x666 and 0x435. Ethereum Whales Withdraw $40M from Binance In total, the two whales removed 11,657 $ETH, equal to about $40.28 million, from Binance at an average price of around $3,455. In general, such substantial withdrawals from exchanges signal that whales are buying directly on-chain, as shown by data from SpotOnChain. Furthermore, over the last…

EthereumApr 10

Bitcoin Layer 2 Mezo Emerges From Stealth With $21M Raise Led by Pantera

Venture studio Thesis is announcing Mezo, a bitcoin layer 2 network, out of stealth. Mezo closed a $21 million fundraising led by Pantera Capital. The blockchain allows bitcoin owners to hold their tokens while earning yield. Blockchain venture studio Thesis has unveiled Mezo, a Bitcoin layer-2 network, from stealth with a $21 million fundraising round led by Pantera Capital The fundraising also involved Multicoin, Hack VC, ParaFi Capital, Nascent, Draper Associates, Primitive Ventures, Asymmetric Ventures and Dan Held, and DCF God, Thesis said Tuesday. Mezo is a "permissionless Bitcoin economic layer that leverages a neutral smart contract infrastructure" to offer…

MarketsApr 10

Gaming tokens Gala, Ronin, MANA soar as Axie Infinity users rebound

Gaming cryptocurrencies were among the best performers during the weekend amid rising demand from day traders. Gala price surged by over 34% on Sunday as it surged to its highest point since August 2022. It has risen by over 400% from its lowest point in 2023, bringing its total market cap to over $1.8 billion. Axie Infinity, the pioneering gaming platform, rose by 20% while Ronin surged by 18%. Other top-performing gaming tokens were Decentraland (MANA), The Sandbox (SAND), and Beam. All these tokens rose by double-digits and moved to their highest level since 2022. As a result, the total…

AltcoinsApr 10