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.

Dogecoin Founder Reacts to Insane BTC and ETH Price Predictions

Dogecoin (DOGE) founder Billy Markus, who goes by the name Shibetoshi Nakamoto on social media, has just reacted to some massive crypto price predictions. Markus, a renowned software engineer, took to X (formerly Twitter) to share his thoughts on the Bitcoin (BTC) and Ethereum (ETH) price forecasts. These price predictions were given by Standard Chartered Bank. The British banking giant is renowned for sharing its price forecasts for Bitcoin, mostly keeping a bullish overview of the flagship digital currency. Just recently, the bank issued a statement, noting that Bitcoin has the potential to reach $250,000 next year. Notably, Standard Chartered…

BitcoinApr 3

This Protocol Wants to Flood the DeFi Options Market With Billions Of Dollars In Liquidity

Decentralization brings untold benefits to the financial industry, introducing trustless protocols with self-custody of assets, helping to foster innovation and give users more control. But like all new technologies, it must overcome some tricky hurdles if it's to go mainstream, and few are bigger than the challenge of liquidity. The lack of liquidity in DeFi is a significant problem because decentralized protocols are entirely reliant on it, and if they don't have it, it can prevent them from functioning properly, resulting in uncontrollable asset price volatility, high slippage and inefficient market making. The issue stems from the fact that decentralized…

DeFiApr 3

Russians Transacted $51 Billion in Crypto During 2023

The Bank of Russia noted that Russian nationals transacted $51 billion (4.78 trillion rubles) in crypto during 2023. According to an annual report issued by the bank, its investigations found that volume flows equivalent to the number, especially in bitcoin and ether, were attributed to Russian nationals in large exchanges. Bank of Russia Reports High Involvement of Citizens in Crypto Operations The Bank of Russia pointed out the high involvement of Russian nationals in the cryptocurrency economy. The institution’s recently published yearly report found that flows attributed to Russian nationals in large exchanges amounted to $51 billion in 2023, with…

MarketsApr 3

Genesis Digital Assets Leverages Renewables to Increase Bitcoin Mining Capacity at New Texas Facility

Today, one of the largest bitcoin mining companies in the world in terms of hash rate, Genesis Digital Assets (GDA), announced that it will gain access to 36 MW of power from the Tarbush data center in West Texas, adding 1 EH/s to its total hash rate capacity. GDA, which was founded in 2013 and operates 19 mining facilities across North America, Europe and Central Asia, has entered into a strategic hosting arrangement with Lonestar Dream, developer of immersion cooling systems for bitcoin mining devices, to run the Tarbush operation. “This hosting agreement is an important milestone for us as…

MiningApr 3

Here are the Possible Reasons for the Rise

There was a rapid increase in Bitcoin (BTC) and Ethereum (ETH) prices as global markets embraced the beginning of the easing cycle of central banks. More than $100 million in short selling occurred in the last 24 hours, indicating a significant change in sentiment in the cryptocurrency world. As the Asian trading day began, both Bitcoin and Ethereum were in the green; BTC was trading at $67,300, up 4.9%, while Ethereum was trading above $3,400, up 4.7%. Analysts attribute this bullish trend to BlackRock's recent announcement of a fund targeting tokenized products on the Ethereum network called BUIDL. Bradley Park,…

BitcoinApr 3

Noble brings FRAX and sFRAX to Cosmos and IBC ecosystem

Native on-chain asset issuance blockchain, Noble, has partnered with Frax Finance to bring decentralized stablecoins FRAX and sFRAX into the Cosmos and IBC ecosystems. Other Frax Finance tokens, including the Frax Price Index (FPI) and FraxEther (frxETH), are expected to be available at a later date. FRAX itself is a USD pegged stablecoin, meaning that it is worth 1:1 to the US dollar. Each stablecoin has an 100% collateralization ratio and the stablecoin uses Algorithmic Market Operations (AMO) contracts and non-custodial subprotocols to maintain the peg to the dollar. Read more: Frax v3 offers ‘all-weather stablecoin,’ founder Kazemian says sFRAX…

DeFiApr 3

Vitalik Buterin Unveils Next Major Step in Ethereum Evolution

Vitalik Buterin has revealed the next significant phase in the evolution of the Ethereum (ETH) network, termed as "The Purge." In a recent communication, Buterin shared insights into the ongoing efforts to simplify the Ethereum protocol while enhancing its security measures. At the heart of this evolution is EIP-6780, a lesser-known but pivotal improvement introduced in the Dencun hard fork. This enhancement aims to streamline the protocol by reducing the functionality of the SELFDESTRUCT opcode, thereby enhancing implementation efficiency and bolstering security measures. This move, as elucidated by Buterin, is part of a broader mission to declutter Ethereum's infrastructure and…

EthereumApr 3

CoinList's spring 2024 batch shines a spotlight on next-gen crypto projects

CoinList, a leading Web3 launchpad platform, has selected ten promising crypto projects for its 2024 spring batch Seed projects, according to an April 2 statement shared with CryptoSlate. The projects were selected from over 350 applicants vying for inclusion in the Seed list with notable alumni like Injective Protocol, Biconomy, Mystiko, and Rabbithole. According to the firm: “Seed was originally designed as a private fundraising platform, [but] one common point of feedback we’ve heard from projects is that visibility, not capital, is the most scarce resource for crypto projects.” Consequently, CoinList Seed has undergone a significant transformation, partnering with Lattice,…

MarketsApr 3

Big Movement As 1,241,388,159,690 Shiba Inu Moves to Exchanges

A large Shiba Inu (SHIB) whale address has moved over 1.24 trillion tokens to crypto exchanges Gate.io and Binance, sparking selloff concerns. The latest market bloodbath has triggered a Shiba Inu collapse below the $0.00003 territory, causing the crypto asset to hit a low last witnessed at the time it recorded a crash on March 5. SHIB has now slumped by 13.15% over the past 24 hours. Whale Moves 1.24T Shiba Inu to Exchanges As the downtrend persists, on-chain data reveals a series of fund movements that have compounded the widespread market panic. Whale tracking resource Whale Alert recently called…

AltcoinsApr 3

BlackRock Flips OKX and Kraken in BTC Holdings

BlackRock, the world's largest asset manager, has been making significant inroads into the cryptocurrency market with its Bitcoin ETF, iShares Bitcoin Trust (IBIT). The ETF's rapid accumulation of BTC holdings is a clear indication of institutional investors' growing confidence in Bitcoin as a viable asset class. In a landmark development, BlackRock's Bitcoin ETF has surpassed the combined Bitcoin (BTC) holdings of prominent crypto exchanges OKX and Kraken. This move signals a shift in terms of BTC asset management. According to crypto analyst Ali, BlackRock’s Bitcoin ETF, which launched in mid-January 2024, now holds more BTC than crypto exchanges OKX and…

BitcoinApr 3