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.

Vitalik Buterin's Vision for a Streamlined and Decentralized Future

Vitalik Buterin, the pioneering co-founder of Ethereum, has unveiled the next phase in the blockchain’s evolution, known as the Purge. This initiative aims to streamline the network’s architecture, enhancing usability while reducing the burden on nodes. A pivotal element of this phase is the enhancement of EIP-6780, introduced in the recent Dencun hard fork. This improvement, by refining the SELFDESTRUCT opcode, promises to bolster security and simplify protocol application. Buterin highlights the significance of such updates in making Ethereum more accessible and secure by eliminating redundancies and reinforcing security protocols. Snap | Source: X (Formerly Twitter) Further advancements include the…

EthereumApr 5

Central Bank Group Starts Tokenization Project to Enhance Monetary System

Project Agorá will investigate how tokenized commercial bank deposits can be integrated with tokenized wholesale central bank money and seek to build a usable solution. The project, announced by the Bank for International Settlements, brings together seven central banks from the U.K., Japan, Korea, Mexico, Switzerland, New York and Europe. A global group of central banks is exploring how tokenization can be used to improve existing financial systems with a new project, the Bank for International Settlements (BIS) announced Wednesday. The BIS represents 63 of the world’s central banks and is running an array of projects on the issuance of…

MarketsApr 5

XRP Drop Accelerated With Mysterious 140M XRP Move by Ripple

The price of XRP dropped even lower as market participants spotted a potential move from Ripple to sell millions worth of the crypto asset. After reaching a new high around $0.74 on March 12, XRP’s price met strong resistance, pushing it lower to the $0.67 level. However, buyers gained the upper hand, helping prices recover as high as $0.7 in the space of a few hours. Nonetheless, market participants appeared to have been spooked into another sale following a large transaction associated with Ripple. 🚨 🚨 🚨 🚨 140,000,000 #XRP (95,001,964 USD) transferred from #Ripple to unknown wallethttps://t.co/FoN72t2vUE — Whale…

AltcoinsApr 5

Bitcoin Mining Ban Proposed in Paraguay Over Power Problems

The sizzling summer heat is just the tip of the melting iceberg when it comes to Paraguay's crypto conundrum. As temperatures soar and air conditioners run at full throttle, the country's power grid is on the ropes, struggling to keep the lights on amidst a surge in electricity demand. The hot weather isn't the only thing that's straining the system, however. The government says illegal crypto mining farms have been guzzling gigawatts like there's no mañana. To tackle this, a group of Paraguayan lawmakers have introduced a bill to temporarily slow down the power-hungry crypto mining industry by pausing all…

MiningApr 5

Will Qatar Really Buy Bitcoin (BTC)? Analyst Explained His Opinion

Bitcoin is notable for its volatile price movements and growing acceptance among mainstream investors. But convincing the world's sovereign wealth funds of the advantages of investing in Bitcoin remains a challenge, according to one analyst. In early March, rumors spread that Qatar's sovereign wealth fund, the Qatar Investment Authority (QIA), could potentially invest in the BTC market. This speculation emerged when it was reported that one of the private jets of the Emir of Qatar landed on the island of Madeira for the Bitcoin Atlantis conference. But Fadi Aboualfa, director of research at Copper, questioned the likelihood of any sovereign…

BitcoinApr 5

Is Ethereum (ETH) Price Volatility Subsiding Before Bitcoin Halving?

Ethereum (ETH) price dipped to its 2-week low at $3.2K within the last 24-hour window. ETH’s 30-day realized volatility experiences a drop from 79% to 76%. This largest altcoin records a fear and greed index of 56, emphasizing greed. Ethereum (ETH), the world’s second dominantly valued cryptocurrency, fumbles down to its lowest point of $3,202 in a fortnight. At the moment, the question, “Will ETH slide further to $3K?” still hangs in the air. ETH 4H Price Chart (Source: TradingView) As per the price chart, ETH/USDT is trapped in a downtrend with a bearish MA (moving average) cross-over — the…

EthereumApr 5

FED Chair Powell Speaks Live! Here Are All The Headlines – Is A Rate Cut Coming?

Federal Reserve Chairman Jerome Powell gave an update on the economic outlook in his speech now at the Stanford Graduate School of Business and emphasized a cautious and balanced approach. Powell stated that the FED does not foresee any interest rate cuts until there is more confidence in inflation. He noted that it was too early to tell whether the latest inflation data was more than a temporary increase. The Fed continues to believe its policy rate is likely at its peak for this cycle. According to Powell, the US economy remains solid with strong growth. However, the labor market…

MarketsApr 5

Shiba Inu Leads Doge, Pepe, Floki as Meme Coins See Record $80B Volume

Shiba Inu saw a massive 39% dominance in the meme coin market volume last week, outperforming Dogecoin amid a cumulative $80 billion volume. The meme coin market recorded an impressive uptrend from late February to early this month, with most assets in this category witnessing massive price surges. This led to a rapid spike in the cumulative market cap of the meme coin market and an increase in volume as investors moved to ride on the upsurge. Meme Coin Market Records $80B Volume Market intelligence platform Kaiko recently disclosed that this rise in cumulative volume spilled into last week. Notably,…

AltcoinsApr 5

AltLayer Partners with Xterio Games to Launch Gaming-Focused Restaked Rollup

AltLayer, a prominent player in the blockchain space, has announced an exciting partnership with Xterio Games, Through this partnership, they will introduce an innovative gaming-focused restaked rollup. This groundbreaking initiative will tap into Eigen Layer’s shared security model, marking a significant milestone in the intersection of gaming and artificial intelligence (AI). Pumped to partner with @XterioGames to launch the first-ever gaming & AI-centric #RestakedRollup that taps into @eigenlayer's shared security model. The chain operates as an L2 settling on @ethereum, using @Optimism's OP stack & @eigen_da for its DA needs.… pic.twitter.com/2MWgDwHzTL — AltLayer (@alt_layer) April 4, 2024 AltLayer and Xterio…

GameFiApr 5

Bitcoin Long-Term Holders & Price Top: Glassnode Reveals Pattern

The on-chain analytics firm Glassnode has explained that Bitcoin tends to reach a potential top when the long-term holders show this pattern. Bitcoin Long-Term Holders Have Been Ramping Up Distribution In a new report, Glassnode discussed the influence that the BTC long-term holders have on the cryptocurrency’s supply dynamics. The “long-term holders” (LTHs) here refer to the Bitcoin investors who have been holding onto their coins for more than 155 days. The LTHs comprise one of the two main divisions of the BTC user base based on holding time, with the other cohort known as the “short-term holders” (STHs). Historically,…

BitcoinApr 5