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.

Ethereum (ETH) Slump Shows Troubling Path to $2,850

Ethereum (ETH) is troubled as its metrics keep plummeting amid a broader market drawdown. At the time of writing, Ethereum is down by 5.90% in 24 hours to $3,338.93, a drop that has extended its decline over the past week to 8.65%. Ethereum's uncertain growth path Commenting on the current outlook for Ethereum, top market analyst Ali Martinez shared data from crypto analytics platform IntoTheBlock (ITB) showing how Ethereum has no major support on its sliding path. Martinez noted that Ethereum losing its grip on the $3,460 support zone marks a major strain that puts the coin’s bulls in an…

EthereumApr 3

R3 Leads $9M Funding Round in TEN’s Encrypted Ethereum Layer 2 Solution

In a significant move for the blockchain industry, TEN, an encrypted Ethereum Layer 2 network, has successfully completed a funding round, raising $9 million. This round was prominently led by R3, a powerful consortium consisting of 42 of the world’s most influential banks, known for their collaborative efforts in exploring blockchain technologies for real-world asset (RWA) tokenization and central bank digital currencies (CBDCs). TEN is engineered by Obscuro Labs and stands out as a roll-up platform specifically designed to tackle the prevalent challenges of encryption and scalability within blockchain applications. The platform’s connection with R3 is notable, with more than…

AltcoinsApr 3

CoinTracker announces Solana support with streamlined taxation

CoinTracker has announced support for Solana transactions. This will enable its users to calculate taxes once they have synced their wallets accurately. The process is seamless, beginning with syncing wallets before moving on to tax calculation. Finally, users get a report on several aspects, including, but not limited to, capital gain or loss. CoinTracker, with this partnership, aims to cover as many crypto transactions as possible and make its services accessible to the majority of users. Tax calculation on cryptocurrencies has often been defined as a nightmare. The reason is that there are various segments to consider. When it comes…

BlockchainApr 3

Liminal CEO Amir Tabch says Bitcoin at $100,000 is ‘a likely eventuality’

Bitcoin hitting $100,000 is “not just a possibility but a likely eventuality”, says Amir Tabch – chief executive of Liminal Custody Solutions. Tabch expects BTC to hit $100,000 in 2024 His analysis based on “sophisticated wave theories” suggests the recent pullback in BTC from its all-time high of over $73,000 may be an opportunity to buy. Tabch is convinced the recently approved ETFs that are rapidly bringing institutional capital into the crypto market alone is a strong enough catalyst for Bitcoin to hit $100,000 by the end of 2024. The financial technology expert is bullish on the exchange-traded funds as…

BitcoinApr 3

DeFi Protocol Cega's New Options Product Marries Gold, Ether to Offer Up to 83% Yield

The decentralized derivatives protocol unveiled a high-yield structured product called Gold Rush last week. The basket options strategy involves Tether's gold-backed token, XAUT, and ether as underlying assets and a safety component that protects users from a 30% drop in the tokens' prices. Decentralized finance (DeFi) projects are continuing to develop structured products, which offer decent returns, market exposure and protection from losses and were previously available only to institutional investors in traditional markets. Last week, derivatives protocol Cega unveiled Gold Rush, a basket options strategy involving the Ethereum blockchain's ether (ETH) token and Tether's gold-backed {{XAUT}} as underlying assets…

DeFiApr 3

Ethereum Issuance Reduction Proposal Prompts Fierce Crypto Community Criticism

Discussions about adjusting Ethereum’s issuance curve due to staking concentration and other factors are taking place on social media, with some developers in favor and some against this change. A recent article by Mike Neuder, an Ethereum Foundation researcher, highlights that Ethereum issuance should “preserve the viability and proportion of solo stakers.” Ethereum Issuance Curve Reduction Discussion Rips Community Apart The Ethereum issuance curve is being scrutinized by different groups considering the latest trends and structures in the Ethereum protocol. A recent document titled “Issuance Issues,” authored by Ethereum Foundation researcher Michael Neuder supported solving several issues in today’s Ethereum…

EthereumApr 3

Solana Market Cap Hits New All-Time High as SOL Price Tops $185

The market cap of Solana hit an all-time high late Friday, with CoinGecko data showing that it reached a peak of over $82 billion. It has since dropped slightly to about $80.5 billion, though still remains above 2021 peak levels. But the price of Solana (SOL) is still well below its all-time November 2021 high of $259.96. That’s because more coins are in the market now compared to 2021, boosting the total market cap to new highs. SOL is currently trading for $181, up nearly 9% in 24 hours and 21% over the past seven days. Of the top 20…

AltcoinsApr 3

BridgeM partners with Dmail Network’s SubHub New dimension of cross-chain connectivity between Manta and Bitcoin

Dmail Network has entered into a partnership with BridgeM, the very best cross chain bridge to connect the Bitcoin and Inscription ecosystems with Manta. It offers direct communication links between projects and subscribers through secure wallets and DIDs linked to the Dmail app. BridgeM joins the big league of Dmail Subscription Hub with this strategic partnership, and it is a breakthrough in enhancing cross chain liquidity. Dmail Network has set a unique standard for blockchain communication with approximately nine million users and 160 million message transactions. The Subscription Hub, shortened as SubHub, is vital in enhancing user engagement within the…

BlockchainApr 3

Michael Saylor Makes Big Bitcoin Statement as Market Uncertainty Looms

MicroStrategy Chairman Michael Saylor has made a profound statement that resonates with the core of the digital asset community: "Bitcoin is the signal." This declaration comes during a period of market uncertainty, with Bitcoin entering uncharted territory after reaching all-time highs of $73,750 and investors wondering what follows. According to the most recent CoinShares report, digital asset investment products saw weekly outflows, the first since a record seven-week run of inflows totaling $12.3 billion. The recent price drop prompted investor hesitancy, resulting in record net outflows of $942 million. Bitcoin accounted for 96% of the flows, with $904 million in…

BitcoinApr 3

Clearpool Expands to Avalanche, Launches First Credit Vaults Backed by Listed Fintech Firm

Clearpool, a pioneering on-chain credit marketplace, has announced its expansion to Avalanche with the debut of its new real-world asset (RWA)-backed product, Credit Vaults. This strategic move aims to further revolutionize the decentralized finance (DeFi) space by providing stable rates and more stable liquidity for on-chain borrowers, particularly targeting fintech and payment companies. While Clearpool‘s permissionless pools have already made significant strides in bringing private credit yield to DeFi for trading firms and market makers, Credit Vaults offer a fresh approach. They allow borrowers to set personalized terms, including interest rates and repayment frequencies, thereby providing them with greater flexibility.…

DeFiApr 3