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Author: 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.

Ondo Finance marks an uptick in ONDO following the launch of Global Markets

Ondo Finance has launched Ondo Global Markets to expand tokenized asset offerings. This is a part of the mission to expand across multiple chains, having previously integrated with Solana, Sui, and Aptos blockchains. Members of the community have responded positively to this development, and so has its native token, ONDO. The native token of the DeFi protocol aims to democratize access to institutional-grade financial products. ONDO was initially marking an uptick of 25.84%. That has grown to 40.90% in the last 24 hours. ONDO is exchanging hands at $0.5757, which reflects a rise of 72.265 in the previous 30 days…

Altcoins

“The Last Defense That Will Determine Our Fate”

In one of the most important developments of the day, Terraform Labs, the developer company behind Terra (LUNA), began its hearing with the Securities and Exchange Commission (SEC). The case involving Terraform Labs and its founder Do Kwon is attracting a lot of attention from the cryptocurrency community. Chris Amani, the newly appointed CEO of Terraform Labs, broke his silence on the ongoing hearing: “SEC litigation has begun. “I have been quiet for the last month as I have been focusing on preparations, and you will not hear from me during the hearing.” Amani did not mince words about the…

Regulation

Crypto Miner Bitdeer Seeks $100M Financing from Private Credit Firms

Crypto miner Bitdeer is in discussions with private credit firms to secure $100m in financing to expand its Bitcoin mining capacity. Bloomberg reported Wednesday that talks are still ongoing, with details yet to be finalized. Bitdeer is among the largest bitcoin miners globally. It went public on Nasdaq in April last year through a special purpose acquisition company merger. Headquartered in Singapore, it is recognized for its cloud services expediting GPU instance deployment. The firm manages mining farms globally, with a total electricity capacity of 895MW. Jihan Wu, a prominent figure in the crypto space, serves as founder and CEO…

Mining

UK Govt-Backed Report Urges Firms to Execute Tokenization Strategies

A U.K.-government-backed technology working group wants firms to run tokenization projects in collaboration with their peers. The group's second report on the topic says funds should be able to hold tokenized assets as well as settle transfers on-chain. A technology working group backed by the U.K. government is urging firms to execute tokenization strategies in collaboration with their peers in a new report published Tuesday. Tokenization is the digitization of real-world assets mostly through the use of blockchain technology. Financial institutions around the world are experimenting with tokenization and related settlement systems to improve the efficiency of traditional markets. Based…

Blockchain

ETH Caught in a Tug of War Between Bulls and Bears

Ethereum presents a mixed bag of signals as of March 25, 2024. Amid fluctuating trading volumes and a contested market direction, ether’s price settled at $3,487 after experiencing an intraday range of $3,335 to $3,503. With a market capitalization of $415 billion and a 24-hour trading volume of $14.14 billion, traders alike are keenly observing the oscillators and moving averages for potential trends. Ethereum The current state of ethereum (ETH) oscillators largely signals neutrality, with the relative strength index (RSI) at 49.4, the Stochastic at 34.2, and the commodity channel index (CCI) at −62.4. Despite these predominantly neutral indicators, the…

Ethereum

This crypto will unlock $120 million in tokens

Space ID (ID) has a challenging week ahead with a potential sell-off of $123 million worth of tokens. Meanwhile, ID was recently mentioned in Finbold’s sell signal due to an overbought status. Space ID’s smart contracts will unlock 78.49 million ID worth $123.22 million on March 22, at noon (UTC). Finbold retrieved this data from TokenUnlocksApp on March 20. The project is a domain register and exchange protocol competing with Ethereum Name Service (ENS). Notably, Space ID dominates the platform’s total cliff unlocks of $226.95 million for the next seven days by over 54%. In particular, this massive unlock amounts…

Altcoins

SEC to Seek $2 Billion Fine from Ripple (XRP)

According to a last-minute development, the details of which are not yet clear, the SEC will demand a fine of $ 2 billion from Ripple (XRP) developer Ripple Labs. Ripple Chief Legal Officer Stuart Alderoty announced the development as follows: “As you will see when the SEC's summary is made public tomorrow, they are asking the judge for $2 billion in fines and sanctions. Our answer will be available next month, but as we have all seen time and time again, this is a regulator that operates on statements that are false, ill-defined and designed to mislead. They stayed true…

Regulation

Pennsylvania State, Crypto Miner Sued for Polluting Environment

Pennsylvania state has failed to protect its residents from a crypto mining rig’s carbon dioxide emission, a court filing read. On Tuesday, a Pennsylvania environmental NGO – Save Carbon County – filed a lawsuit in a state court, accusing Stronghold Digital Mining. The company has been reportedly burning waste coal and tiers to produce energy for its crypto mining operations. Per the complaint, the Stronghold mining located in northeastern Pennsylvania has caused enough environmental harm by performing energy-intensive Bitcoin proof-of-work.” The lawsuit also mentions Pennsylvania state as a defendant, a Reuters report noted. It marks the first time the state…

Mining

AI Bot 'Syntax' From Spectral Labs Could Help Non-Coders Write Ethereum Apps

Spectral Labs, a crypto development firm focused on artificial intelligence, wants to make it easier for non-programmers to build on blockchains. On Tuesday the company will launch Syntax, an AI app that can help anyone – coders and non-coders alike – spin up smart contracts for Ethereum and dozens of other blockchains. While Syntax represents an impressive technical achievement, Spectral still faces the hurdle of convincing users to entrust AI with their precious digital assets. Those familiar with Chat GPT and similar chatbots will be at home on Syntax interface, which is powered by a crypto-specific large language model (LLM)…

Blockchain

Are ETH Bulls Getting Ready For $4K Again?

Ethereum’s price has been correcting over the last couple of weeks following a decisive rejection from the $4,000 resistance level. Yet, things can potentially change for the better in the short term. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been rallying consistently in recent months before a definitive rejection from the $4,000 resistance level. The market is currently in a correction phase, with ETH consolidating below the $3,600 level. If the market is able to break back above the $3,600 level, the price will likely begin its bullish continuation, potentially making a new…

Ethereum