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.

No Rate Cuts This Year Would Be ‘Very Surprising’

Goldman Sachs Chief Economist Jan Hatzius has revealed he remains confident in the Federal Reserve’s plan to implement three interest rate cuts this year, despite recent comments from other Fed officials suggesting a wait-and-see approach. In a Friday interview with CNBC, Hatzius expressed his optimism on the U.S. economy, forecasting growth to reach close to 3% in 2024. He believes this robust growth can occur alongside a slowdown in inflation, projecting the core personal consumption expenditures price index to fall to 2.4% by year’s end and 2% in 2025. Notably, Minneapolis Fed President Neel Kashkari recently raised the possibility of…

MarketsApr 7

#Shiba Inu Smart Money Bought 15T SHIB with $4K, Now Worth $504M

Renowned crypto surveillance platform Lookonchain has identified a savvy Shiba Inu investor who has transformed barely $4K into a million-dollar fortune. In a recent tweet, Lookonchain called attention to an influential Shiba Inu investor who has moved to take a profit after holding the asset for nearly four years. A $SHIB SmartMoney deposited 200B $SHIB($6.5M) to #Gemini and #Cryptocom to take profits. This SmartMoney spent only 10 $ETH($3,793) to buy 15.27T $SHIB($496M currently) in 2020. He currently holds 2.6T $SHIB($84.4M) and the total profit is ~$127M!https://t.co/BWxcnWuwFR pic.twitter.com/0n0J3M20aV — Lookonchain (@lookonchain) March 12, 2024 Smart Money Acquiring 15T Shiba Inu According…

AltcoinsApr 7

Legal expert accuses the SEC of ‘making sh*t up as they go’

Amid what seems to be a crusade waged by the United States Securities and Exchange Commission (SEC) against the cryptocurrency industry despite the lack of clear regulatory guidelines, legal expert Bill Morgan has accused the agency of “making sh*t up” as they go. As it happens, the chief legal officer (CLO) at Coinbase, a crypto exchange and the regulator’s current target, Paul Grewal, pointed out the inconsistencies in the SEC’s reasoning, to which Morgan mocked the agency as making arguments up as they went, in his X post on April 4. SEC answer: “we can’t answer that, we are just…

RegulationApr 7

SoonVerse and MOON Forge Game-Changing Partnership in Blockchain Gaming

SoonVerse, a fully integrated Web3 games and metaverse accelerator and incubator, announced a major partnership with MOON. It is an exciting AI-powered survival MMORPG games set against the backdrop of a captivating lunar environment. This remarkable collaboration appears to be a turning point for the blockchain gaming sector. It combines the innovative features of two different platforms to offer a never-before-seen level of immersion. 🔥 Exciting Partnership Announcement with MOON 🔥 🌙 @BuildMOON is a Metaverse on the Binance blockchain where players can explore, colonize, and build a civilization on the moon. 🎮 MOON, a play-to-earn AI-powered survival MMORPG inspired…

GameFiApr 7

OKX to allow spot trading for Zeus Network token

OKX is set to list the Zeus Network’s ZEUS token for spot trading today, enabling ZEUS/USDT trades. The integration aims to leverage Solana’s scalability with Bitcoin’s security, enhancing possibilities for decentralized applications (dApps) and secure financial services. The Zeus Network, which leverages the Solana blockchain for improved interoperability, has successfully raised $8 million in a seed funding round led by Mechanism Capital. The round saw participation from significant players like OKX Ventures and Animoca Ventures, and notable angel investors, including Solana’s Anatoly Yakovenko. The funding, aimed at developing a cross-chain infrastructure connecting Solana (SOL) with blockchains like Bitcoin (BTC) and…

ExchangesApr 7

JPMorgan Issues a Warning About Bitcoin Price

JPMorgan has issued a warning that Bitcoin (BTC) may face further declines. This warning comes after a recent correction and subsequent recovery in Bitcoin's value. In a note published today, a team of analysts led by Nikolaos Panigirtzoglou noted that Bitcoin remains in “overbought territory.” According to the report, this conclusion is based on two key metrics: JPMorgan's futures position proxies and the Bitcoin futures price premium over the spot price. Both indicators show that Bitcoin is still overbought and there has been only a minor unwinding of positions so far. The market is significantly optimistic that the Bitcoin price…

BitcoinApr 7

Avenged Sevenfold's Season Pass is Turning Heavy Metal Fans Into Blockchain 'Evangelists'

Heavy metal band Avenged Sevenfold have long been Web3 enthusiasts, launching their own line of Deathbats NFTs and building out token-gated ticket sales with Ticketmaster. Now, in what the band’s calling the “culmination” of its Web3 efforts, it’s launched Season Pass, a decentralized fan rewards platform that lets Avenged Sevenfold followers collect rewards for participating in activities linked to the band. It's like the battle pass in popular video game Fortnite, but focused on the band. Frontman Matt Sanders (aka M. Shadows) told Decrypt that by slowly introducing fans to the benefits of Web3, “they become evangelists for it, because…

NFTApr 7

Grayscale GBTC’s outflows linked to Genesis’ bankruptcy proceedings: Arkham Intelligence

Grayscale's total outflows have exceeded $15 billion. Grayscale’s Bitcoin Trust (GBTC) has faced a wave of sell-offs in recent weeks. According to Arkham Intelligence, this fire sale is likely connected to Genesis’ bankruptcy proceedings, undertaken to settle obligations with victims of the Gemini Earn program. Arkham Intelligence noted that over the past three weeks, Genesis redeemed over 32,000 Bitcoin (BTC), which is estimated at approximately $2.1 billion. The redeemed Bitcoin was sent to two specific Bitcoin wallets. Genesis GBTC Redemption Wallets are now on Arkham Genesis Trading have redeemed GBTC shares worth over 32,000 BTC ($2.1B) over the past 3…

MarketsApr 7

Cardano to Integrate Hyperledger Firefly for Scaling Solution

In a conversation on X, Cardano founder Charles Hoskinson and CEO of IOHK expressed plans to integrate Cardano with Hyperledger Firefly, a multi-party system for enterprise data flows. This revelation came as a response to a tweet by Chris O’Connor, co-founder of Cardano Ghost Fund DAO, who emphasised the significance of scaling solutions within the Cardano ecosystem. We are going to get a cardano integration done with firefly to test it out and then see if SPOs like it. Long term, it can run all infrastructure as containers and allow for lightweight consensus. It's a project we are working closely…

AltcoinsApr 7

Binance Decides to Remove a Popular Feature Despite Criticism

Binance, the world's largest cryptocurrency exchange, announced that it will stop supporting Bitcoin NFTs on its exchange. This decision comes less than a year after Bitcoin NFTs were introduced to the platform. As part of efforts to streamline its product line, Binance NFT will stop supporting Bitcoin NFT trades and deposits starting at 09:00 UTC on April 18, 2024. Users are advised to withdraw their Bitcoin NFTs from Binance NFT Marketplace via the Bitcoin network before 21:00 on May 17, 2024. For Runestone NFT users who met the Runestone airdrop conditions, Binance NFT distributed these NFTs to eligible users' Binance…

ExchangesApr 7