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.

Will Bitcoin (BTC) Short-Term Holders Defend $55,000?

An accelerating bull market usually correlates with an increasing influx of new investors. Short-term holders of Bitcoin (STH) – as the on-chain analysis calls them – join the market during the booming bull market. Driven by the desire for a quick profit, they don’t hold assets for long. However, if Bitcoin price corrects, as in the case of last week’s price action, short-term holders quickly lose ground. Despite this, their behavior and presence in the market are crucial to maintaining a healthy bull market. What Is the Significance of Bitcoin Short-Term Holders? Observing the behavior of Bitcoin short-term holders is…

BitcoinApr 4

Early Dogwifhat investor sold coins for $142k, now worth $23.2m

An unknown trader spent about $1,170 in Solana to buy 8.18 million Dogwifhat tokens and then sold them for $142,000, which is now valued at $23.2 million. Lookonchain analysts say the investor purchased tokens five days after the trading began. When Dogwifhat (WIF) grew tenfold, the trader decided to sell the savings for 2,031 Solana (SOL) tokens, worth about $142,000, for a net profit of approximately $141,000. The 8.18M $WIF this trader sold for 2,031 $SOL($142K) at 10x profit now worth 23.25M USD! He spotted $WIF 5 days after it opened trading and spent 20 $SOL($1,173) to buy 8.18M $WIF.…

AltcoinsApr 4

SEC Commissioner Hester Peirce Calls Out SAB 121, Claims Agency is “Scaring People Off”

SEC Commissioner Hester Peirce criticized her own agency and its controversial staff accounting bulletin, SAB 121, during Tuesday remarks at the Practicing Law Institute’s 2024 SEC Speaks annual event, claiming the federal agency is “scaring people off.” A Weed In The SEC’s Secret Garden To kick off her speech, Peirce referred back to her 2019 SEC Speaks remarks where she compared the SEC to a secret garden where “the maze of staff guidance” may be “inconsistent with a plain reading of the rulebook.” “Nobody can challenge these diktats because they are not final agency action, but compliance is mandatory for…

RegulationApr 4

Binance Says Compliance Chief Detained in Nigeria Has No Decision-Making Power at Firm

Binance has said its Compliance Chief Tigran Gambaryan, who remains in the custody of Nigerian authorities, should not be held responsible as discussions with government officials continue. In February, Nigerian authorities detained Gambaryan and Nadeem Anjarwalla, the exchange's regional manager for Africa, has since charged Binance and the two executives with tax evasion. Binance's Head of Financial Crime Compliance Tigran Gambaryan, detained in Nigeria by local authorities, has no decision-making power at the company and should not be held responsible in ongoing discussions between the exchange and government officials, the crypto exchange said in a Wednesday statement. Nigerian authorities invited,…

ExchangesApr 4

Picasso connects Ethereum to Cosmos IBC

Interoperability and staking hub Picasso Network has successfully integrated the Inter-Blockchain Communication (IBC) Protocol with Ethereum. This means that Ethereum can now transfer assets and data natively with the Cosmos Hub, Polkadot and Kusama via IBC. According to Picasso, more chains will be connected in the near future, including Solana. Most bridging protocols today use the lock and mint or lock and burn method to transfer across blockchains, which can pose a security risk. Other blockchains introduce trust assumptions by introducing third parties who oversee these transactions. For this reason, native bridging is often considered the most secure way for…

BlockchainApr 4

“Demand Will Grow A Lot”

As part of Bitcoin Investor Day, billionaire Anthony Scaramucci, founder of SkyBridge Capital, shared his views on the future of demand for Bitcoin and predicted a significant increase in the next decade. Speaking to Yahoo Finance, Scaramucci cited several factors that contributed to this prediction. The event, which includes individual investors and important corporate participants, aims to make Bitcoin accessible to a wider audience. Scaramucci stated that the change in Bitcoin demand dynamics, especially with the approval of Bitcoin ETFs by the SEC and the halving event planned to be held at the end of April, has turned from an…

BitcoinApr 4

Avalanche (AVAX) Foundation Announces the Altcoins It Invests in!

Avalanche announced that it has invested in the altcoin called COQ and other tokens. Avalanche Foundation announced in its statement that they own altcoins named Coq Inu, Gecko, Kimbo, NoChill and Tech. “In late 2023, the Avalanche Foundation announced its intention to purchase community coins native to the Avalanche blockchain network. This ongoing effort falls within the Foundation's broader Culture Catalyst program, which aims to incentivize Web3 creators, inspire innovation at Avalanche, and help drive greater adoption of blockchain. Today the Avalanche Foundation announced its first five community coins. Additionally, the Foundation announces its intention to inform the public about…

AltcoinsApr 4

The SEC’s Shot Across the Bow on 'AI Washing'

The U.S. Securities and Exchange Commission (SEC) has trained its sights on “AI washing:” when companies lie about using artificial intelligence. Last week, SEC Chair Gary Gensler posted a video to X warning that investment advisors might falsely claim to use AI models to get their clients a better return, and that public companies might falsely tout their AI technology to boost stock prices. Daren Firestone is a lawyer who helps whistleblowers earn rewards for exposing fraud. He is a partner at Levy Firestone Muse and created cryptowhistleblower.com. “Well, here at the SEC,” Gensler warned, “we want to make sure…

RegulationApr 4

Binance’s Portfolio Margin now available to non-VIP users holding minimum 100,000 USDT in cross margin and futures

Binance, the world’s largest cryptocurrency exchange, has expanded access to its Portfolio Margin previously reserved for VIP users and now available to non-VIP traders with a minimum balance of 100,000 USDT in their cross margin and futures wallets, according to the information shared with Finbold on April 3. This move is set to bolster capital efficiency and give new opportunities to users with complex trading strategies who may not qualify for VIP status. In addition to the expansion, Binance has also introduced a new Portfolio Margin wallet, which streamlines management by consolidating USDⓈ-M Futures, COIN-M Futures, and Cross Margin wallets…

ExchangesApr 4

Leading Bitcoin miners witness dip in 2024 production, CryptoQuant says

Bitcoin mining giants, including RIOT Platforms and Marathon Digital, experience a production decline in 2024, while CleanSpark stands out with growth. As Bitcoin‘s fourth halving approaches, Bitcoin mining giants are grappling with a decline in production as the market faces intensified competition and lowering fees. Recent findings from CryptoQuant’s research report reveal that the largest crypto mining firms like RIOT Platforms, Core Scientific, Bitfarms, and Marathon Digital have all witnessed a slump in BTC production in 2024. This decline is attributed to a confluence of factors, including reduced transaction fees on the Bitcoin network, heightened network hashrate, and some operational…

MiningApr 4