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.

Cardano’s Active Wallet Addresses Skyrocket as DeFi Sector Booms

The smart contract blockchain Cardano ($ADA) has seen a significant rise in user activity over the last 30 days, with the number of active wallet addresses reaching a one-year peak of over 600,000 after surging nearly 40% over that same period. According to data from Cardano-based decentralized exchange Danogo, the number of active wallet addresses on the network hit a lot of 297,000 back in September 2023, when the price of ADA was trading at $0.24 before a wider cryptocurrency market rally kicked off earlier this year with the approval of spot Bitcoin exchange-traded fund (ETFs) in the United States.…

AltcoinsApr 5

What can the past Bitcoin halving cycles tell us about its future?

Bitcoin’s current behavior mirrors its path in a previous halving cycle. What can we expect from the next halving? Following the U.S. SEC’s approval of spot ETFs on Jan. 11, Bitcoin (BTC)began a bullish streak, soaring to impressive heights. Bitcoin hit a new all-time high of $73,750 on Mar. 14. However, this peak was short-lived as Bitcoin experienced a correction, dropping to levels around $60,000 to $61,000 on Mar. 20. Amid bullish sentiments, Bitcoin recovered from this dip. As of Mar. 22, it trades at around $63,000. According to a report by Coinbase, Bitcoin’s current path mirrors its behavior in…

BitcoinApr 5

What is the anticipated post-halving Bitcoin hash rate correction?

Quick Take As the Bitcoin halving nears, now just under 4,300 blocks away and slated for April 20, the network has experienced a notable surge in hash rate, registering a 15% increase in 2024. The 14-day moving average hash rate is approaching record levels, currently peaking at approximately 598 eh/s. This upswing in hash rate suggests that miners are ramping up their operations to optimize earnings before the halving event, a sentiment echoed by Mike Alfred, a board member at IREN Energy. Alfred predicts a notable post-halving correction in the global hash rate, attributing this to the widespread use of…

BitcoinApr 5

3 Major UK Banks Bet On Blockchain Property Network With $12M Backing

Lloyds Bank, Nationwide Building Society, NatWest Group, and property portal Rightmove collectively invested £10m (about $12.6m) in Coadjute, a blockchain firm focused on property transactions, according to a press release Tuesday. Leveraging the R3 Corda enterprise blockchain platform, Coadjute facilitates a real-time network dedicated to the property market. This infrastructure connects various stakeholders, including buyers, sellers, and property professionals. It offers a comprehensive suite of functionalities, enabling the consolidation of property data, progress tracking, secure exchange of digital identities and documents, facilitated messaging, and electronic form signing. Coadjute’s implementation of blockchain ensures a secure environment for property transactions. By employing…

MarketsApr 5

A Leap Towards Crypto Vending Solutions

Dash announces a strategic partnership with ivendPay, a leader in cryptocurrency merchant services. This collaboration introduces an innovative solution for vending machines that accept cryptocurrency payments, highlighting Dash’s instant transaction capabilities. “Accept payments settled in a flash,” emphasizes the commitment to seamless, instant crypto transactions. Discover the future of vending machines with Dash and ivendPay’s partnership, enabling instant crypto transactions for merchants globally. Revolutionizing Retail with Crypto Payments The partnership between Dash and ivendPay marks a significant milestone in the adoption of cryptocurrencies in the retail sector. By integrating Dash’s instant payment feature, ivendPay’s vending solutions offer an unprecedented level…

AltcoinsApr 5

MicroStrategy's Michael Saylor Breaks Silence on BTC Price Drop

Michael Saylor, Bitcoin bull and chairman of MicroStrategy, has once again captured the attention of the cryptocurrency community with his recent comment on X. Bitcoin, the largest cryptocurrency by market capitalization, has experienced significant volatility after reaching an all-time high of $73,797.68 last week. The lead crypto has since fallen nearly 13% from its all-time high as the appetite for fledgling spot Bitcoin exchange-traded funds cools off. JPMorgan Chase and Co. strategists have warned that the retreat has room to run. Against this backdrop, Saylor made a comment on X regarding volatility. "Volatility is vitality," Saylor wrote on X in…

BitcoinApr 5

CEX Tokens and Solana-Based Tokens Exhibit Impressive Hikes

The latest updates from CoinGecko unveiled the significant growth of centralized exchange (CEX) tokens and Solana-based tokens. As per the data, the CEX tokens’ market cap currently stands at $118 billion, up by more than 12% in the past 24 hours. In addition, the Solana project tokens boast a total market cap of $217 billion, marking a modest 24-hour hike of 4.4%. Colin Wu, a Chinese reporter, shared insights on the astounding performance of CEX tokens and Solana tokens via his Wu Blockchain page. CEX platform tokens and Solana project tokens saw general gains. BNB once exceeded $630, with a…

AltcoinsApr 5

Analysts Rise Bitcoin Price Target Amid Technological Innovations

Analysts have notably increased their price target for Bitcoin (BTC), citing a surge in technological innovations as a pivotal catalyst. As Bitcoin establishes new benchmarks, the financial ecosystem attentively observes the transformative impact of Layer 2 (L2) solutions on the cryptocurrency’s scalability, security, and decentralization. Tech Advancements Will Push Bitcoin Price Muneeb Ali, the CEO of Trust Machines, has played a crucial role in advocating for Bitcoin’s L2 technologies. He is confident that Bitcoin’s scalability challenges are on the cusp of a revolutionary breakthrough thanks to these L2 solutions. This development aims to enhance Bitcoin’s transactional efficiency. It also represents…

BitcoinApr 5

Data Ownership Protocol Raises $162M in Token Sale

Data Ownership Protocol said it has raised $162 million in a recent token sale ahead of its upcoming mainnet launch later this month. The protocol is focused on blockchain privacy and clims to bring “selective transparency to Ethereum” has a community with over 2.67 million users taking part in its testnet. Data Ownership Protocol aims to give users full control over their data. In an announcement the protocol founders said, the now-completed token sale represents the ninth-largest of all time, supporting the protocol’s objective of promoting on-chain data transparency by expanding its overall operations and forging meaningful partnerships as the…

MarketsApr 5

Wintermute Loads Up on $36M in ARB Before Major Token Unlock

In the past eight hours, cryptocurrency trading firm Wintermute Trading has accumulated a net amount of 17.08 million Arbitrum (ARB) tokens, according to data from blockchain analysis firm Spot On Chain. This represents a total value of $36.3 million. In the past 8 hours, Wintermute Trading (@wintermute_t) accumulated a net amount of 17.08M $ARB ($36.3M) from CEX, expanding their $ARB position vastly before the upcoming massive unlock on Mar 16! Current holding: 29.48M $ARB ($61.9M). Follow @spotonchain and check out the… pic.twitter.com/mM64jxM14Z — Spot On Chain (@spotonchain) March 14, 2024 The increase in Wintermute’s ARB holdings comes just two days…

AltcoinsApr 5