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.

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

Reboot and BattlePlan Forge Alliance with XAI Network

Reboot, the groundbreaking gaming protocol driving Pixel Vault's flagship game, BattlePlan, has announced a strategic partnership with The Xai Foundation, a core contributor to the gaming-centric blockchain network. This partnership signals a significant advancement in the landscape of on-chain gaming, with BattlePlan set to leverage Xai's cutting-edge technology to elevate the gaming experience for its rapidly expanding user base. — Expected to launch on Xai in Q2 2024, BattlePlan's integration represents a pivotal moment for both the game and the broader on-chain gaming ecosystem. By harnessing the capabilities of the Xai network, BattlePlan aims to revolutionize gameplay, opening up new…

BlockchainApr 4

Macro Expert Luke Gromen Says He’s ‘Super’ Bullish on Bitcoin for Next Six to 12 Months – Here’s Why

Veteran investor Luke Gromen says he sees Bitcoin (BTC) rising over the coming months on the back of a favorable macroeconomic backdrop. In a new interview with crypto journalist Natalie Brunell, Gromen highlights the US government’s nearly $35 trillion debt. With the national debt sitting at record-high levels, the macro expert says there’s nothing the Fed can do to stop the resurgence of inflation, which will ultimately drive investors to seek shelter in store-of-value assets like Bitcoin to preserve their wealth. “I’m super bullish Bitcoin for the next six to 12 months at least, tactically and strategically because whether the…

BitcoinApr 4

What a Judge Said About the SEC's Suit Against Coinbase

Coinbase and Custodia both lost early and preliminary court fights. The Coinbase loss was more or less expected – companies rarely win much on a motion for judgment at such an early stage – but still pretty enlightening. Why it matters At some point the cases involving the U.S. Securities and Exchange Commission are going to move to appeals courts and maybe even the U.S. Supreme Court, if they're not settled first. Until that point, these decisions in the district court are shedding light on how judges view the crypto industry. Breaking it down Judge Katherine Polk Failla ruled mostly…

RegulationApr 4

the crypto exchange raises funds for 4.35 billion

The crypto exchange Binance has revealed that between 2022 and 2023 it has recovered funds worth 4.35 billion dollars in crypto assets for users who have sent or lost coins. In particular, it was about cryptocurrencies deposited but not credited to users’ wallets, usually due to errors in the transfer. Altogether, in two years he successfully handled more than 381,000 appeals, while his security team worked on recovering and freezing 55 million dollars of users’ funds in 2023 alone. The crypto exchange Binance and the recovered funds Security The comment The crypto exchange Binance and the recovered funds Binance is…

ExchangesApr 4

Skate takes an app-centric approach to L2 fragmentation

The proliferation of blockchain networks, both layer-1 and layer-2 rollups, has cast a spotlight on user experience limitations. These challenges are evident for even seasoned crypto-natives who want to move and use assets across chains. Traditionally, developers deploy applications across multiple blockchain networks, each acting in isolation with its unique state and unable to directly interact with other deployments of the same application on different chains. Such a process is costly, time-consuming and contributes to what is known as “application fragmentation.” The problem, as identified by the founders of Skatechain, is rooted in “redundant development efforts, liquidity fragmentation and toxic…

BlockchainApr 4

Grayscale Will Exhaust in Bitcoin Holdings in 96 Days, Says Arkham

In a recent turn of events, Arkham Intelligence has unveiled asset manager Grayscale’s astounding Bitcoin transfers since the launch of Bitcoin ETFs on January 11. Reportedly, Grayscale has moved a total of 266,470 Bitcoins out of their wallets for GBTC redemptions. At the current rate of redemptions, GBTC runs out of Bitcoin to sell in 96 DAYS. Since GBTC started trading as an ETF on 11th January, Grayscale has transferred 266.47K BTC out of their wallets for GBTC redemptions. That’s a rate of 25.9K BTC per week. pic.twitter.com/tMT7T73ena — Arkham (@ArkhamIntel) March 23, 2024 According to the surprising estimations of…

BitcoinApr 4

Tensorians NFTs surge in 24-hour sales on Solana

The Tensorians non-fungible tokens (NFTs) on Solana came out on top of the sales charts on Wednesday, CryptoSlam data shows. Tensorians, a collection by Solana marketplace Tensor, recorded US$1.83 million in sales in the 24 hours to noon ET, following a 406.26% increase. This surge in sales is supported by a notable rise in transactions, which have grown by 379.59%, totaling 235 transactions. On Tuesday, Tensor announced the launch of its Season 4 event, which allows participants to earn rewards by bidding, listing, and market-making on its platform. Tensorians was the only collection to have at least US$1 million in…

NFTApr 4

AEVO to Release 827.6 Million Tokens After Successful Airdrop: Price Impact

Aevo is a decentralized options platform that utilizes an off-chain order book for matching orders while the actual trades are executed and settled on-chain through smart contracts. It received investments from big players like Paradigm, Dragonfly Capital, Coinbase Ventures, and more. Also, AEVO airdrop recently drove a lot of attention to its ecosystem. The AEVO token was recently listed on Binance, and a significant token unlock is planned for May 2024. How could these movements impact the AEVO price? On-Chain Data Shows AEVO Is Trying to Keep Its Momentum The Total Value Locked (TVL) within AEVO is currently positioned at…

AltcoinsApr 4

Will MiCA regulation end Tether’s dominance in the EU?

In a crypto.news exclusive, Merkle Science Policy Director Natalia Latka discusses how the MiCA regulation could impact USDT and other stablecoins in the EU. OKX, one of the largest global crypto exchanges, has recently delisted all USDT trading pairs to ensure compliance with the forthcoming Markets in Crypto-Assets Regulation (MiCA). This has led to significant speculation regarding how other major exchanges will react, as MiCA is set to take effect in June. MiCA introduces licensing for crypto-asset service providers (CASPs), issuers of asset-referenced tokens (ARTs), and issuers of electronic money tokens (EMTs), along with detailed regulatory obligations applicable to these…

RegulationApr 4