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.

LSEG’s LCH Secures Regulatory Nod for Bitcoin Index Derivatives Clearing

The London Stock Exchange Group’s (LSEG) Parisian clearinghouse affiliate LCH SA announced Monday that it received regulatory approval to provide clearing services for Bitcoin derivatives. LCH SA will leverage its newly established service, LCH DigitalAssetClear, to provide clearing functions for relevant contracts. These contracts are traded on UK FCA-regulated digital asset derivatives trading venue GFO-X. This collaborative approach ensures that the clearing service prioritizes security and adheres to stringent regulatory frameworks. It will cater specifically to the digital asset derivatives market. LCH DigitalAssetClear has three key features to ensure stability. These include fund separation to protect users in case of…

ExchangesApr 10

Bitcoin Price Turns Red Below $64K But Long-Term Uptrend Intact

Bitcoin price extended its decline below the $65,000 support. BTC is now struggling to stay above the $62,000 support zone and might test $60,000. Bitcoin price is moving lower below the $64,000 support zone. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $63,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent upward move if it clears the $65,200 resistance zone in the near term. Bitcoin Price Grinds Lower Bitcoin price remained in a short-term…

BitcoinApr 10

ETH Price Skyrockets as Ethereum Foundation Initiates Sell-off

The onset of the new trading week witnessed a notable surge on the cryptocurrency market, with Ethereum (ETH) emerging as a prominent beneficiary. Displaying robust performance, ETH experienced a commendable uptick in value, surpassing the $3,600 threshold, signaling potential bullish momentum. Amid this market exuberance, attention turned to the Ethereum Foundation, a cornerstone institution within the Ethereum ecosystem. Reports from Peckshield Alert unveiled a strategic move by the foundation, whereby a portion of its ETH holdings was converted into stablecoins, translating to a substantial sum of 354,000 DAI from 100 ETH. Further insights from Arkham Intelligence corroborated this action, highlighting…

EthereumApr 10

Why MicroStrategy Could Flood The Market With 1.6 Million Shares Of MSTR

Bitcoin (BTC) development company MicroStrategy may be planning to dilute shareholder value after the price of its stock and convertible bonds skyrocketed in recent months. MicroStrategy’s Convertible Bonds Since January 1, MSTR has surged 110% to $1440 per share. Meanwhile, its convertible bonds – issued in late 2020 to raise $650 million – now trade for over three times their par value, which is based on their conversion price of $397.99. A “convertible bond” is a debt instrument that acts like a regular bond with a fixed interest rate, but can also be paid back by the issuer in new…

MarketsApr 10

Shiba Inu Official Says SHIB Will Hit $0.01

Lucie, the Shiba Inu ecosystem content marketing specialist, has shared her longstanding perspective on SHIB’s future, suggesting a potential value of $0.01. Lucie Believes Shiba Inu Will Reach $0.01 In a recent post on X, Lucie revealed her history as a Shiba Inu holder since 2021. She expressed her conviction that although the asset trades for less than a penny, it could eventually eliminate two decimal places to reach $0.01. Lucie stressed that her projection of Shiba Inu reaching $0.01 is not immediate. Instead, she adopts a long-term approach to the SHIB potential, highlighting that “Everything takes time.” I won't…

AltcoinsApr 10

Crypto.com Wins Full License in Dubai, Expands Reach to Institutions

Crypto.com announced Tuesday that its Dubai-based entity achieved full operational approval from the Virtual Assets Regulatory Authority (VARA). It will commence operational services by catering to institutional investors. It follows Crypto.com satisfying VARA’s pre-operational requirements in Nov. 2023. Notably, it represents the first instance of a global crypto exchange being authorized to operate with fiat currency within the United Arab Emirates. Crypto.com’s Dubai-based branch, CRO DAX Middle East, facilitates spot trading activities and brokerage services for staking. It also provides additional over-the-counter (OTC) offerings related to settlements within designated markets. Additionally, Crypto.com has planned further product launch initiatives including the…

ExchangesApr 10

'Wolf of All Streets' Warns Bitcoin Market Could 'Cool off Massively'

Scott Melker, also known as the “Wolf of All Streets,” has shared some concerns regarding the bitcoin market. Pointing to his “top signals,” he cautioned that the market could “cool off massively for a few months before hopefully ramping up again in the fall.” This Market Could ‘Cool off Massively’ Scott Melker, also known as the “Wolf of All Streets,” shared his concerns regarding the current bitcoin market in a post on social media platform X on Monday. Melker is a well-known trader, investor, writer, and host of the Wolf of All Streets podcast. In 2020, he won the Binance…

BitcoinApr 10

ETH Rides a Bullish Surge Amidst Cautionary Signals

In a demonstration of resilience and bullish momentum, ethereum’s price spiked over the $3,600 threshold, marking a significant increase within a 24-hour range that saw lows of $3,372 and highs of $3,644. This uptrend is underpinned by a strong trade volume of $13.40 billion and a market capitalization of $434 billion, indicating sustained interest in ether. Ethereum The 1-hour chart analysis reveals a vivid portrayal of ethereum’s (ETH) strong buying pressure, characterized by large upswings and minimal retracement from recent highs. This pattern indicates a sustained interest in ether, potentially signaling the continuation of its upward trajectory. Traders might find…

EthereumApr 10

Mysterious XRP Shift From Binance Continues in 18 Million XRP Stashes

XRP, the sixth largest cryptocurrency by market capitalization, recently saw transfers from the Binance crypto exchange in various stashes in the amount of over 18 million XRP each. Whale Alert, a crypto data tracker, records four such transactions in the last 24 hours, all of which involved the transfer of XRP from Binance to an unknown wallet: 18,766,680 XRP worth $11,726,748 and another 18,355,225 XRP worth $11,456,033. In another two transactions,18,433,282 XRP valued at $11,511,574 and 18,460,720 XRP worth $11,452,880 were transferred. 🚨 18,766,680 #XRP (11,726,748 USD) transferred from #Binance to unknown wallethttps://t.co/50ANxSPtBM — Whale Alert (@whale_alert) March 10, 2024…

AltcoinsApr 10

KuCoin Lists Truflation (TRUF), a Rising Star in Real-World Asset Tokenization

Prominent global exchange KuCoin has declared support for Truflation (TRUF), a fast-growing crypto project focused on real-world asset (RWA) tokenization. KuCoin announced the move to list TRUF among tradable assets on its spot platform via its official website and X handle on April 8. 💥World Premiere💥 📢 New Listing@truflation $TRUF Gets Listed on #KuCoin! 💎Pair: TRUF/USDT 💎Deposit: now open (network: ETH-ERC20, ARB-ERC20) 💎Trading: 9:00 on April 9, 2024 (UTC) — KuCoin (@kucoincom) April 8, 2024 Furthermore, in the report, KuCoin expressed satisfaction in adding Truflation’s token to its spot trading platform and recognized it as an excellent project. Accordingly, KuCoin…

ExchangesApr 10