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.

Shiba Inu (SHIB) Skyrockets 3,220% as Whales Make Intriguing Moves

Dog-themed cryptocurrency Shiba Inu (SHIB) has experienced a staggering surge of 3,220% in large holder netflows. This unprecedented spike in netflows demonstrates intriguing moves by whales that are either accumulating or selling. Large holder netflows, which track the movement of SHIB tokens among wallets holding significant amounts of the cryptocurrency, provide valuable insights into the behavior of whales and institutional investors. A spike in large holders' inflow demonstrates accumulation by large holders, or whales, while drops in this metric might indicate selling. The surge in large-holder netflows might reflect a significant increase in institutional interest in Shiba Inu, suggesting growing…

AltcoinsApr 4

Here’s the Latest on 8 Crypto Cases and What to Know

In a recent statement, Blockchain Association lawyer Marisa Tashman Coppel provided information about the latest developments in crypto litigation. Here is a summary of important cases affecting the cryptocurrency world and their current status. SEC vs. coinbase Last week, the court partially granted Coinbase's motion for judgment on the allegations, rejecting the SEC's argument that Coinbase Wallet functions as an unregistered intermediary. According to the lawyer, this is a significant achievement for developers working on DeFi and peer-to-peer technology. The court denied Coinbase's request for the remainder of the SEC's claims; This means they can proceed to the discovery process,…

RegulationApr 4

Top Bitcoin Dev Mulls Comeback

Wladimir van der Laan is considering returning to Bitcoin development in response to the COPA court win against CSW, according to his recent blog post. He was seemingly astonished by the judge's declaration that Craig Wright (CSW) is not the author of the Bitcoin White Paper, did not operate under the pseudonym Satoshi Nakamoto, did not create the Bitcoin System, and is not the author of the initial versions of the Bitcoin software. Van der Laan pointed to the fact that after years of gaslighting and harassment, the legal system's decision was unexpected but welcomed. He labeled Wright as a…

BitcoinApr 4

Avalanche Hits $329M in Daily Large Transaction Volume as AVAX Reaches May 2022 Levels: ITB

The volume of daily large transactions on decentralized, open-source Proof-of-Stake blockchain Avalanche has surged to its highest since December 2023, as the network’s native token, AVAX, reached levels not seen since May 2022. According to a tweet from crypto market intelligence platform IntoTheBlock, Avalanche’s daily large transaction volume hit $329 million on Monday, March 11, indicating increased activity of large holders of AVAX. The total volume of large transactions on Avalanche hit $329 million on Monday, the highest daily amount since December. This indicates increased activity of large holders. 🔗https://t.co/uEam7LI5qY pic.twitter.com/6VAxo4V1j9 — IntoTheBlock (@intotheblock) March 13, 2024 Avalanche Large Transactions…

AltcoinsApr 4

Here’s All You Need to Know About the LUNA Case

Nearly two years after the $40 billion collapse of Terra (LUNA), the first hearing in a series of lawsuits against the once-popular cryptocurrency company is entering its final chapter. The fraud case filed by the U.S. Securities and Exchange Commission (SEC) against Terraform Labs and its founder Do Kwon is wrapping up in a Manhattan federal courtroom with just days to go before it ends, as the defense began presenting its case on Tuesday. Defense attorneys representing Terra and Kwon said they planned to call only a few witnesses before closing arguments began Thursday afternoon. They will have an uphill…

RegulationApr 4

As Halving Approaches, Miners Turn Record Profits into New Strategies

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. With Bitcoin’s next halving set to take place this month, miners are using record profits to adapt their business models for chaotic opportunities. The halving is almost upon us. As the whole world of Bitcoin waits with bated breath for mining rewards to be cut in half, the potential for new revenue streams has left us wondering how the space will…

MiningApr 4

Bitcoin (BTC) in a Position To Witness Bullish Momentum Reversal, According to Analyst – Here’s His Forecast

A closely followed analyst says he sees Bitcoin (BTC) ending its current correction and witnessing another leg up soon. In a new video update, crypto strategist Kevin Svenson tells his 74,100 YouTube subscribers that Bitcoin may undergo a momentum shift after printing a bullish technical pattern on the low time frame. “Bitcoin is in a position to potentially, on the four-hour chart, put in a higher low [at $64,800], which would be an inverse head and shoulders, which would be an indication of a momentum reversal, an increase in demand, a trend reversal in the short term.” Traders sometimes watch…

BitcoinApr 4

Arbitrum Seeks DAO Approval for $400 Million Gaming Ecosystem Fund

The Arbitrum Foundation has unveiled a proposal for a $400 million Gaming Catalyst Fund, targeting the expansion and enhancement of its blockchain gaming sector. In a detailed proposal published on the community forum, the Arbitrum Foundation outlined its vision for the fund. The initiative, designed to enrich Arbitrum’s gaming landscape, is currently seeking endorsement from the Decentralized Autonomous Organization (DAO) to roll out over a span of two years. Arbitrum’s Proposed Gaming Fund Arbitrum’s endeavors in decentralized finance contrast with its emerging presence in gaming, trailing behind competitors in terms of games and player engagement. The Gaming Catalyst Program (GCP)…

AltcoinsApr 4

British Columbia Authorities Seize Assets from QuadrigaCX Co-Founder in Crackdown on Cryptocurrency Fraud

In British Columbia, Canada, authorities have targeted assets linked to QuadrigaCX, a defunct cryptocurrency exchange, through an unexplained wealth order. This legal maneuver aims to seize cash, 45 gold bars, and luxury items from a safe deposit box associated with Michael Patryn, a founder of QuadrigaCX. An unexplained wealth order requires individuals to justify their asset’s origins, underlining the government’s stance against illicit financial gains. Mike Farnworth, British Columbia’s public safety minister, emphasized the province’s commitment to combating financial crime, stating, “Through this action, we are demonstrating again that criminals will have to prove that their assets are the proceeds…

RegulationApr 4

Nobody Wants to Sell BTC, Analyst Says as Bitcoin's On-Chain Activity Limps

The dollar value of the mean onchain transfers on the Bitcoin blockchain remain well below the 2021 peak, data tracked by Glassnode show. That's a sign of investors holding on to their coin stash in anticipation of higher prices, analysts at Blockware Solutions said. Bitcoin's (BTC) price recently rose to new record highs above $70,000. Still, the real economic activity on the Bitcoin blockchain is limping along, not sprinting. The divergence partly represents strong holding sentiment in the market, according to one research firm. "Average on-chain transfer volume (USD Denominated) is well below the 2021 bull market peak. Hardly any…

BitcoinApr 4