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.

Grayscale GBTC Outflows Surge as Investors Eye Other ETF Opportunities

Grayscale Investments lost $8.4 billion from the Grayscale Bitcoin Trust (GBTC) since converting it to an exchange-traded fund (ETF) on January 11, 2024. The outflows come as investors eye new products from banks and other financial institutions. Yesterday’s outflows from the GBTC fund totaled almost $600 million, making February 29 the second largest day of outflows since the US Securities and Exchange Commission approved the ETF. Net outflows from the Grayscale fund now total approximately $8.4 billion. Grayscale GBTC Records Outflows as Competition Heats Up The outflows from Grayscale coincide with increased demand for exchange-traded products from other providers. While…

BitcoinMar 25

Japanese Crypto Influencer Calls Ethereum Improvement Proposal 4844 a ‘Layer 1 Middle Ground’

According to Mai Fujimoto, a Japanese crypto influencer and co-founder of Intmax, the Ethereum Improvement Proposal (EIP) 4844 – also known as proto-danksharding – have emerged as a solid solution for addressing the Ethereum network’s scalability challenges. The EIP 4844 is also significant for scaling solutions such as zero-knowledge rollups (zkrollups) and Layer 2 chains like Optimistic because it reduces the storage task of nodes and lowers the fees. ‘Layer 1 Middle Ground’ In her responses to Bitcoin.com News, Fujimoto said she also views proto-danksharding as a “Layer 1 middle ground.” From being a large block in the short term,…

EthereumMar 25

XRPL to Launch AMM Feature Tomorrow, XRP Bull Run Imminent?

XRPL launches AMM feature, boosting liquidity and passive income opportunities. Ripple anticipates XRP adoption surge and enhanced ecosystem functionality. XRP community expects parabolic price increase following AMM activation. The XRP Ledger (XRPL) is gearing up for a significant milestone as it prepares to activate its Automated Market Maker (AMM) feature on March 21st, 2024. This development holds several implications for the XRP ecosystem. $XRP The XRPL is expected to activate its Automated Market Maker (AMM) feature tomorrow, March 21st, 2024. This is significant for a few reasons: Increased Liquidity: AMMs allow for decentralized trading of XRP and other assets on…

AltcoinsMar 25

First Option Data of March Announced! While Bitcoin Now Gives a Serious Sell Signal, Interest May Shift to Ethereum!

The leading cryptocurrency, Bitcoin, failed to stay here while it pinned above $64,000 with the tremendous rise it experienced during the week. While it remains a matter of curiosity whether the rise in BTC will continue or not, all eyes are on Bitcoin and Ethereum options that will expire today. According to the news of Singapore-based crypto options data platform Greeks.live, 19,000 BTC and 110,000 ETH options will expire on March 1. Accordingly, while the Put/Call Ratio of BTC options is 1.49, the maximum loss point is $55,000 and the notional value is $2 billion. Looking at Ethereum, ETH options…

BitcoinMar 25

Ancient Ethereum ICO Participant Suddenly Wakes Up

An Ethereum initial coin offering (ICO) participant who has been dormant for nearly nine years has transferred a whopping 2,000 ETH out of their wallet. This sum is currently valued at approximately $6.7 million, according to blockchain sleuth Lookonchain. At press time, the price of the second-largest cryptocurrency is sitting at $3,354 on major spot exchanges. Similar transfers This event is not isolated. Several other Ethereum ICO participants have reemerged after years of dormancy to move their ETH holdings. For instance, on Feb. 20, another participant deposited 1,732 ETH to Kraken following Ethereum's price surge past $3,000. Earlier, on Nov.…

EthereumMar 25

XRP Holders on Coreum Spike 2,287% Hours After XRPL-Coreum Bridge Launch

The number of XRP holders on the Coreum network has skyrocketed by 2,287% less than two days after the two-way bridge between the XRP Ledger (XRPL) and Coreum launched. Blockchain interoperability remains one of the most prevalent issues in the broader crypto ecosystem. Amid the concerns and risks associated with transferring value between two chains, the Coreum team has come up with a way to bolster interoperability with the XRPL. XRPL-Coreum Bridge Now Open to the Public They disclosed in a recent post on X that the XRPL-Coreum bridge is finally operational on the native Sologenic decentralized exchange (DEX), with…

AltcoinsMar 25

$621 Million Bitcoin Transfer Leaves Major Exchange for Unknown Hands

In a seismic shift that reverberated through the crypto sphere today, a colossal transfer of 10,000 BTC, equivalent to a staggering $621 million, shook the foundations of major exchange Coincheck. The mammoth transaction, detected by Whale Alert, saw the massive volume move to the address "bc1q4j," a familiar destination with a history of 52 previous transactions. Such substantial withdrawals from exchanges often signify strategic accumulation or the transfer of assets to separate wallets, hinting at bullish sentiments among investors. Conversely, movements of tokens toward exchanges typically suggest a readiness to sell. 🍕 🍕 🍕 🍕 🍕 🍕 🍕 🍕 🍕…

BitcoinMar 25

What to Expect and Why It Is Crucial to Crypto Market

What is happening The SEC is intensifying efforts to classify Ethereum as a security, issuing subpoenas to companies involved with the Ethereum Foundation. This move casts doubt on the approval of Ethereum ETFs, following the SEC's recent approval of Bitcoin ETFs. If Ethereum is classified as a security, it could face stringent trading regulations. This might entail increased paperwork and restrictions on buying and selling Ethereum for retail traders in the U.S. Additionally, companies involved with Ethereum may need to adhere to regulations similar to those governing stocks and bonds, potentially introducing complexity into their operations. Ethereum's transition to a…

EthereumMar 25

Shiba Inu Highlights How Binance Empowers SHIB Holders

In an exciting development, the team behind the Shiba Inu ecosystem has highlighted how Binance empowers SHIB holders through its payments platform, dubbed Binance Pay. The team made this known in the 17th edition of Shib Magazine, released on March 20, 2024. Although the publication was issued recently, it is imperative to note that Binance Pay added support for Shiba Inu in November 2022. By utilizing Binance Pay, you can take advantage of contactless, borderless, and secure cryptocurrency payments, furthering the adoption of digital currencies in daily transactions. Learn everything you need to know about Binance Pay x Shib here…

AltcoinsMar 25

Bitcoin (BTC) Price Shows Resilience With Strong Accumulation Indicators

In the latest developments on the cryptocurrency market, Bitcoin (BTC) has showcased significant resilience amid volatile market conditions. According to recent data shared by Ali Martinez, a well-known crypto analyst, there is a notable accumulation of Bitcoin, indicating strong investor confidence in the digital currency. The analyst highlighted that over one million addresses have purchased more than 671,000 BTC within the price range of $60,334 to $62,155. This substantial accumulation zone underscores the strong belief investors have in Bitcoin's value and its future potential. The price range mentioned has acted as a massive support wall, suggesting that it could serve…

BitcoinMar 25