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.

Despite Crypto Uptick, Paypal's PYUSD Stays Quiet in the Top Ten Stablecoin Race

In the last day, the global trading volume has hit $203 billion, with stablecoins accounting for an impressive $133 billion of that total. Among the array of stablecoin assets tied to the U.S. dollar, Paypal’s PYUSD has emerged as a top ten player. Yet, despite the ongoing cryptocurrency market upswing, PYUSD has shown minimal activity in this foray. PYUSD’s Modest Market Movement It’s been 217 days since Paypal unveiled its stablecoin, PYUSD, issued on the Ethereum blockchain platform. Since its introduction, PYUSD has climbed the ranks to become a leading stablecoin among those pegged to the U.S. dollar, currently sitting…

AltcoinsApr 8

HashKey Group Secures Bermuda License, Launches Global Platform

HashKey Group has officially launched its new global trading platform, offering over 20 cryptocurrencies and targeting international users not served by HashKey Hong Kong. According to the latest report by the Hong Kong Economic Journal, HashKey COO Livio Weng stated that the new platform has secured the digital asset business license in Bermuda to provide compliant trading services starting today. 🎉We're thrilled to announce that #HashKeyGlobal is officially launching! As a licensed digital asset exchange, we offer compliant trading services to cryptocurrency enthusiasts across the globe. 🔗Start your seamless trading experience: https://t.co/ARk5iX9aQl#HashKey pic.twitter.com/gg0P9kun1L — HashKey_Global (@HashKey_Global) April 8, 2024 HashKey…

ExchangesApr 8

hashrate reaches new highs pre-halving

In recent months, the hashrate metric of Bitcoin, which indicates the amount of computational power provided by mining activities, has grown significantly, exceeding the threshold of 700 EH/s shortly before the fourth halving. So far, despite some small adjustment shocks from miners, who reduce their hash rate waiting for the halving of the cryptographic protocol, the 7-day average hashrate is approaching new all-time highs. Let’s see everything in detail below. Bitcoin mining: hashrate chart continuously increasing shortly before the halving 11 days from the fourth Bitcoin halving Bitcoin mining: hashrate chart continuously increasing shortly before the halving The chart of…

MiningApr 8

MicroStrategy owns almost 2% of all circulating bitcoin — now what?

Bitcoin famously has a coded limit on how many of the asset can be mined going forward — an even 21,000,000 coins. At time of publication, more than 19.6 million of those 21 million bitcoins have been mined, meaning that 93% of all bitcoins that will ever be produced already have been. While it’s impossible to determine exactly how many bitcoins have been lost — estimates range from 20% to nearly 40% — these lost coins play a crucial role in determining how widespread and evenly distributed ownership of the currency is. In this sense, what’s good for Michael Saylor…

BitcoinApr 8

Lead Developer Shares Updates on Smart Traffic Sensor Project and Industrialization Roadmap

The IOTA Foundation collaborates with ETO GRUPPE on innovative projects integrating smart traffic sensors and gateway boxes. Acquisitions of Farmunited GmbH and Ecotech further enhance ETO GRUPPE’s Agtech and sensor technology offerings, with plans to transition to the IOTA mainnet in 2024. The IOTA Foundation has been at the forefront of key initiatives concerning traffic management and smart city solutions. The IOTA DLT finds its place in yet another such application and shall be working with the ETO GRUPPE on integrating smart traffic sensors. Benjamin Bonisch, the Senior Vice President of Digital Products & Services at ETO GRUPPE, revealed the…

AltcoinsApr 8

eToro Seeks Regulatory License in Singapore

eToro is seeking to be regulated in Singapore and has already submitted an application an application to obtain a license from the Monetary Authority of Singapore (MAS), Finance Magnates has learned. The Israeli broker confirmed that its application with the city-state regulator is “in process.” However, it did not provide any further details on the sought-after license. Although headquartered in Israel, eToro has a global presence. The broker is regulated and registered in some form or another in the United Kingdom, Cyprus, the Netherlands, France, Spain, Italy, Malta, the UAE, Australia, Seychelles, the United States, and Gibraltar. It also received…

ExchangesApr 8

Bitcoin Price Jumps 10% But Can Pump BTC Back To $70K?

Bitcoin price started a strong recovery wave from the $60,800 zone. BTC is up nearly 10% and now facing hurdles near the $68,800 resistance. Bitcoin price started a decent increase from the $60,800 support zone. The price is trading above $64,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $65,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $68,800 resistance zone to start a fresh uptrend. Bitcoin Price Recovers 10% Bitcoin price extended its decline below the $62,500 zone.…

BitcoinApr 8

Ripple CEO Says Real-World Utility is Essential as XRP Spikes 20% Above $0.74

Ripple CEO Brad Garlinghouse recently reiterated the importance of real-world utility in the crypto scene amid the euphoria triggered by XRP’s 20% spike above $0.74. Despite the market-wide uptrend, XRP has performed below expectations, trading underneath $0.70 while other assets record double-digit gains. Before now, the asset’s highest price was $0.6685 on March 5, the day Bitcoin (BTC) first breached the previous cycle’s ATH. Following the surge to $0.6685, XRP saw a massive 8% collapse below $0.60. However, amid the escalating concerns, the cryptocurrency witnessed a golden cross on the daily timeframe, with the 50-day EMA pushing above the 200-day…

AltcoinsApr 8

Bitcoin Rallies Post-Fed Rate Announcement, Shorts Worth $151.69M Liquidated

The valuation of bitcoin (BTC) tapped the $68,000 mark merely 17 hours following its dip to $60,760 per unit. Following the latest Federal Open Market Committee (FOMC) session, the entire crypto market has seen a 5.9% upturn, with bitcoin rising 6.8% versus the U.S. dollar. Crypto Market Liquidations Reach $444 Million as Long and Short Positions Face Shakeup Post a significant downturn on Tuesday and the FOMC convening, which concluded with the U.S. Federal Reserve upholding the existing benchmark interest rate, BTC experienced a notable increase from the $65,500 range to $68,058 per coin by 6:15 p.m. Eastern Time (ET)…

BitcoinApr 8

Top Crypto Investor Acknowledges Shiba Inu Utility Beyond Meme Status

Mario Nawfal, a crypto investor who hosts the largest show on X, has disclosed his changed perception regarding Shiba Inu. In a recent post on X, Nawfal revealed his long-held reservations for meme-inspired cryptocurrencies like Shiba Inu. Per the disclosure, he has opposed such aspects of cryptocurrencies for years. However, recent developments surrounding Shiba Inu have prompted Nawfal to reassess his stance on meme-inspired cryptocurrencies, leading to a change of heart. 🚨 @ShytoshiKusama speaks for the second time EVER! I've always been against meme coins for years, but my perception is changing as more projects create utility on what begins…

AltcoinsApr 8