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.

XRP Reaction to Bullish News Sparks Debate

Two pundits recently discussed the correlation between XRP price actions and bullish news, which sheds light on the coin’s growth rate relative to its peers. The debate was sparked by on-chain sleuth Mr Huber (@Leerzeit), who called the XRP community’s attention to the fall in the price of Stellar (XLM) following the implementation of the AMM feature. Notably, the Stellar network witnessed the implementation of Protocol 18 in November 2021, which ushered in an AMM feature. However, XLM collapsed 83% over a year after the feature went live. Mr. Huber noted that he expects the price of XRP to follow…

AltcoinsApr 1

All Bitcoin Is Getting Bought Up, Says CryptoQuant

Bitcoin faces a severe liquidity crisis as demand for the digital currency soars to unprecedented levels. According to analysts at CryptoQuant, monthly demand has rocketed from 40,000 BTC at the outset of the year to a staggering 213,000 BTC presently. This surge is attributed to the growing total balance of accumulation addresses, indicating heightened investor interest in securing Bitcoin. Bitcoin Liquidity Crisis Strikes Crypto Market Bitcoin exchange-traded funds (ETFs) in the US significantly contribute to the surge in demand for BTC. These ETFs, excluding GBTC, have seen their BTC balances swell dramatically. Indeed, from February 25 to March 17, their…

BitcoinApr 1

Shiba Inu Hints at SHIB Soaring Higher This Bull Run

The Shiba Inu team has issued a cryptic tweet hinting at SHIB soaring higher in this bull season amid the recent market pullback. Shiba Inu has registered a 14% gain within the last 24 hours, and it is looking to recover the losses from its 20% drop in the past week. Amid this recovery, Shiba Inu’s official X handle posted a clip depicting Shiba Inu as a replacement for the lit bat sigil from the DC movie Batman. Accompanying the post was a caption suggesting its aspiration to be a hero, not necessarily the one it deserves. “Not the hero…

AltcoinsMar 31

Bitcoin Stolen From 'Call of Duty' Cheaters, 'Notcoin' Airdrop Nears

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re debuting This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase a few…

GameFiMar 31

Everything You Need to Know About the NFT Games and Airdrop

Illuvium is a sci-fi fantasy NFT gaming IP with four games in development: Illuvium Arena, Overworld, Zero, and Beyond. While each of these titles are separate games, they do offer some interoperability and cross-game rewards. The Illuvium team has also released its own Ethereum ERC-20 token, ILV, and its own marketplace, the Illuvidex. There’s also a community-based voting system in place with the Illuvium DAO, which suggests new initiatives for the Illuvium ecosystem. After years of development, Illuvium appears to be nearing a proper launch—with some kind of airdrop coming too. Here’s what you need to know about the wide…

GameFiMar 31

Bitcoin Price Consolidates Above $70K As Bulls Prepare For More Gains

Bitcoin price is consolidating gains above the $70,000 resistance zone. BTC could rally again if there is a move above the $71,500 resistance in the near term. Bitcoin price moved in a positive zone above the $66,500 level. The price is trading above $70,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $68,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $71,500 resistance zone. Bitcoin Price Regains Strength Bitcoin price started a decent increase above the…

BitcoinMar 31

Binance dives into investigation of BOME insider trading claims

Binance, a leading cryptocurrency exchange, has initiated a comprehensive investigation. This follows allegations of insider trading related to the Solana-based meme coin, Book of Meme (BOME). The probe was triggered by the “BOME rat warehouse” incident, which raised questions within the crypto community. Binance aims to maintain transparency and fairness in the crypto market. The exchange has stated, “We take this information very seriously and immediately launched an internal investigation based on relevant leads.” This action underscores Binance’s commitment to upholding the integrity of its trading practices. The internal investigation has thus far revealed that the individual implicated in the…

AltcoinsMar 31

Bitcoin market absorbs mining output and more, sparking price spike

Quick Take Examining the relative forces between Bitcoin cohort accumulation and monthly issuance offers intriguing insights into the current market situation. The ongoing epoch witnesses daily mining of approximately 900 BTC, translating to nearly 27,000 BTC per month, represented as the blue line in our analysis graph. The distinct cohorts are classified from shrimps (holding less than one Bitcoin) to super whales (10,000+ BTC), in addition to tracking miners and exchanges. The analysis becomes particularly interesting when the orange bar chart, representing the cohorts’ aggregate accumulation, surpasses the blue line of monthly issuance. However, when the orange bar chart falls…

BitcoinMar 31

Pyth Network’s total staked value surpasses $1.3 billion

The Pyth Network staking value has jumped above $1.3 billion. The oracle platform, which counts more than 100 data providers, offers over 450 price feeds and is integrated across 300+ decentralized applications, has seen remarkable growth in this sector since early January. PYTH staked value surpasses $1.3 billion Data shows the number of PYTH stakers has hit 178,000. Wallets taking part in Pyth governance have spiked from just over 11,000 in December 2023. Meanwhile, total staked tokes have jumped to over 1.27 billion, worth more than $1.3 billion. According to data from Dune, interest in PYTH staking has taken the…

AltcoinsMar 31

MicroStrategy surpasses eBay among US companies

MicroStrategy, the company owned by Michael Saylor that currently holds 214,000 BTC, is riding the Bitcoin wave, surpassing eBay in the ranking of the largest companies in the USA. Currently, MicroStrategy is in 278th place. Bitcoin Effect: MicroStrategy surpasses eBay and becomes the 278th largest company in the USA MicroStrategy, the well-known business intelligence company of bitcoiner Michael Saylor, is fully experiencing the Bitcoin effect, which has led it to surpass eBay in the ranking of the largest companies in the USA. And indeed, at the time of writing, MicroStrategy is the 278th largest company in the USA, while the…

BitcoinMar 31