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 Developers Investigate Incident That Triggered Missing Blocks on ETH Mainnet

The Ethereum mainnet recently experienced a disruption characterized by missing blocks, raising concerns regarding the network's stability and performance. This incident has prompted Ethereum developers to launch an investigation into its underlying causes. The X handle of beacon chain. eth, an open-source Ethereum explorer, drew attention to the situation, noting that Ethereum core developers are investigating it: "The Ethereum network has been struggling and missing blocks for the past few epochs. Core developers are investigating, but it's best to monitor your nodes closely," it noted in a tweet late Wednesday. The Ethereum network has been struggling and missing blocks for…

EthereumMar 31

Tokenization, CBDCs poised to increase Hong Kong’s GDP by $20.4 billion: study

Experts have projected that Hong Kong’s gross domestic product (GDP) may significantly grow in the coming years, buoyed by tokenization and a potential pivot to central bank digital currencies (CBDCs). The predictions come on the heels of a recently completed e-HKD pilot involving the trio of Boston Consulting Group (BCG), Hong Kong Telecom, and ZA Bank on tokenized real-world assets. The study, probing the feasibility of tokenizing real estate and other assets, demonstrated potential in improving the digital economy of the Special Administrative Region (SAR). In its submission, BCG surmised that the combination of digital assets would lead to a…

MarketsMar 31

Nigerian Binance Executive Escapes Custody, Deepening Ongoing Feud

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. In Nigeria, home of the largest digital asset economy in Africa, a feud has been developing between the government and Binance—a feud that has culminated with one of the company’s executives escaping house arrest and fleeing the country. Boasting the sixth-largest population in the entire world, the Federal Republic of Nigeria holds a large economic influence over the African continent and…

RegulationMar 31

U.S Has its Eleventh Spot Bitcoin ETF After Hashdex Fund Conversion

Asset manager Hashdex converts bitcoin futures fund into spot bitcoin ETF. The Hashdex Bitcoin ETF will trade under the ticker DEFI. More than two months after the launch of ten spot bitcoin ETFs, another one has joined the race. Trading under the ticker DEFI, asset manager Hashdex’s Bitcoin Futures ETF – which had been trading as a futures-based fund on the New York Stock Exchange since 2022 – was renamed and converted into the Hashdex Bitcoin ETF and now operates as a spot bitcoin fund. In a bit of twist versus the other spot bitcoin ETFs, Hashdex in a press…

BitcoinMar 31

How $30 Plushy Penguins Helped An NFT Company Survive Crypto Winter

Move over Bored Apes. Thanks to a contract with Walmart to sell stuffed toy versions of its cute aquatic birds,The Igloo Co is home to the world’s hottest NFT collection. By Maria Gracia Santillana Linares, Forbes Staff Aisle 17 of the Walmart Supercenter in North Bergen, New Jersey is one of a half dozen devoted to the children’s toys and games. Christmas season has long passed, but there’s one item still flying off the shelves despite the fact that the birds depicted by the cartoonish plushies and plastic figurines inside the boxes, are incapable of flight. Adorable plushies, known as…

NFTMar 31

Pre-Mine Ethereum Address with 1,000 ETH Awakens After 8+ Years of Dormancy

A dormant Ethereum address holding a substantial amount of ETH has reawakened after over eight years, looking to take advantage of the recent uptrend. According to Whale Alert, a dormant Ethereum address containing 1,000 ETH worth $3,566,935 has just been activated after 8.7 years. 💤 A dormant pre-mine address containing 1,000 #ETH (3,566,925 USD) has just been activated after 8.7 years!https://t.co/s1VlbFY9td — Whale Alert (@whale_alert) March 29, 2024 Details of the Activation On-chain data shows that the address is a pre-mine address, which was created before Ethereum officially made its debut in 2015. Notably, the unlabeled address received 1,000 ETH…

EthereumMar 31

What made Bitcoin mining major Hut 8 shares surge?

Hut 8 Corp (NASDAQ:HUT) shares surged about 20 percent on Thursday after the Bitcoin mining giant reported an uptick in revenue to $60.6 million for the six-month period ending December 31, 2023. This was accompanied by a net income of $6.2 million, contrasting sharply with the prior year’s net loss. Adjusted EBITDA witnessed a substantial rise, reaching an impressive $62.3 million. The reported revenue and net income serve as critical indicators of the company’s ability to generate profits and adeptly manage operations, especially within the volatile cryptocurrency mining domain. Hut 8 Corp earnings Key financial metrics from Hut 8’s reports…

MarketsMar 31

Solana meme coins move 24-hour DEX volumes above competitors

Solana meme coins like Slerf have bolstered on-chain activity on the altcoin network as pre-sale projects stack millions in SOL within hours. Solana (SOL) decentralized exchanges (DEX) outperformed Ethereum-native platforms, such as Uniswap, and Binance Smart chain-based solutions, like Pancakeswap, in trading volume over the last 24 hours amid a memecoin marathon. According to CoinGecko, Raydium, Jupiter, and Orca secured the top three spots for daily transaction activity across all indexed on-chain swapping venues. Raydium’s $2.2 billion, Jupiter’s $2.1 billion, and Orca’s $1.4 billion edged ahead of $1.2 billion and $682 million recorded by Uniswap and Pancakeswap, respectively. DEX 24-hour…

AltcoinsMar 31

A new DOJ lawsuit revives old tactic

Old tricks in DOJ’s new KuCoin fight The Department of Justice and Commodity Futures Trading Commission announced back-to-back lawsuits against Seychelles-based KuCoin Tuesday. In its criminal suit, the DOJ, among other things, alleges the crypto exchange violated anti-money laundering laws. The DOJ also hit KuCoin founders Chun Gan and Ke Tang with conspiracy charges. The CFTC, in its separate civil suit, says the exchange operated an unregistered futures and swaps operation. The DOJ brought the case under the Bank Secrecy Act (BSA), which requires financial institutions — even those not formally based in the US — to keep records and…

RegulationMar 31

Bitcoin (BTC) Price Might Be on Track to Hit $75,000, but There's Key Resistance

Popular cryptocurrency trader Jelle is "pretty sure" that the price of Bitcoin, the flagship cryptocurrency, could reach the much-coveted $75,000 level by the end of the week. Bitcoin has already experienced an 18% correction, plunging below the $61,000 level last week. Since then, the cryptocurrency managed to pare these losses and reclaim the peak of the previous bull run. Earlier today, the largest cryptocurrency surpassed the $71,500 level on major spot exchanges. However, it has since slipped below the $69,000 level. As reported by U.Today, Bitcoin lost some ground together with the broader cryptocurrency market after Coinbase, the largest US…

BitcoinMar 31