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.

Bitcoin Is Back—How Long Will This Bull Run Last?

Bitcoin continues to soar, and has flitted just 11% away from touching its all-time high of $69,044. It certainly feels like a bull run—but how long will that feeling last? To be sure, crypto Twitter has opinions. This cycle will be shorter than previously, the chattering class opines, but experts are torn. The biggest digital coin by market cap is now trading for $61,323, having risen by 43% over the past month, as it stood at $42,172 at the start of February, according to CoinGecko. It’s now hitting highs not reached since 2021. “I think most are surprised at how…

BitcoinMar 25

Monero (XMR), Radix (XRD) and AGIX: prices and news

How are Monero (XMR), Radix (XRD), and SingularityNET (AGIX) performing in the crypto market? Below is an overview of their prices and the latest news involving them. Monero (XMR) shows resilience after being delisted from Binance Radix Network presents Project Ignition to strengthen DeFi liquidity AGIX: prices compared to Monero and Radix Monero (XMR) shows resilience after being delisted from Binance Monero (XMR) has shown resilience in prices and network despite its delisting from Binance on February 20th. The main privacy cryptocurrency has recovered the $150 zone and has set a new record with over 100,000 daily transactions. On March…

AltcoinsMar 25

Custodia Bank CEO and Bitcoin Bull Reveals What Caused the Latest BTC Rally

Caitlin Long, CEO of digital asset custody firm Custodia Bank, recently attributed the latest Bitcoin (BTC) uptrend to dried-up supply on OTC desks. Over-the-Counter (OTC) desks facilitate the trading of financial instruments between two parties without a centralized exchange. In crypto, OTC desks are commonly used for large trades, providing more privacy and tailored execution for institutional or high-net-worth investors. Due to their prominence among institutional traders, trading activity on OTC desks is capable of influencing an asset’s price movements a great deal. Caitlin Long revealed that Bitcoin’s recent price uptick could have been triggered by increased demand amid a…

BitcoinMar 25

Tether's $5.25 Billion Surge Sparks Speculation, Is This Good for Bitcoin (BTC)?

Tether (USDT), the crypto ecosystem’s dominant stablecoin, has added over $5.25 billion to its market capitalization since the start of March. This boom in stablecoin funding is a good omen for overall market liquidity as it generally provides a baseline that can help meet Bitcoin (BTC) and other altcoins' demands. For proper reference, the combined spot Bitcoin Exchange Traded Fund (ETF) market, despite its massive growth thus far this month, has only managed to add less than $4 billion in netflow. That USDT liquidity is higher than the ETF's asset under management (AUM) growth means there is enough stablecoin to…

AltcoinsMar 25

BITPACS: Emulating DAOs on Bitcoin

I wanted to share some thoughts on a seemingly overlooked innovation that has come to Bitcoin within the last year, called Bitpacs. Bitpac stands for a Bitcoin Based Publicly Auditable Cooperative. Bitpacs are essentially normal bitcoin multisig wallets with the additional introduction of public auditability. Traditionally in a multisig setup, participants of the multisig are not disclosed. In a Bitpac multisig, participants are intentionally made public, which allows for transparent auditability. With this transparency, unique features, tooling, rules, and transaction crafting is possible. The goal of Bitpacs is to emulate the familiar DAO experience on other chains. DAO’s are marketed…

BitcoinMar 25

AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services

The two companies will establish a DePIN alliance in south-east Asia. AIOZ's native token is currently trading flat after the announcement, it is up by more than 200% in 30 days. AIOZ Network will use Alibaba Cloud to improve Web 3, AI, storage and streaming services. Decentralized infrastructure network (DePIN) AIOZ Network has become the leading blockchain partner in Alibaba Cloud’s Innovation Accelerator initiative, according to a blog post. AIOZ’s native token (AIOZ) is currently trading at 90 cents, having remained stable after the blog post was published. It is up by more than 200% in the past 30 days,…

AltcoinsMar 25

New CEO of FTX Sends Letter to Court to Denounce Sam Bankman-Fried

John J. Ray III, Acting CEO of cryptocurrency exchange FTX, has strongly disputed previous CEO Sam Bankman-Fried's claims that his customers suffered no harm and no funds were lost when the exchange crashed in November 2022. In the letter addressed to U.S. District Judge Lewis Kaplan, Ray called Bankman-Fried's allegations “absolutely disrespectful and patently false.” Bankman-Fried had previously argued that US prosecutors' attempts to imprison him for up to 50 years were a distortion of the truth and painted him as an “immoral supervillain”. Ray's response text primarily targeted the allegations made by Bankman-Fried's legal team in a sentencing application…

RegulationMar 25

2024 Will Be a Pivotal Year for Bitcoin’s Financial Dominance

There’s been no escaping Bitcoin this year. It’s on the news, it’s in your 401k, and it’s probably in your wallet. From Vietnamese rice farmers to Wall Street hedge funds, entities great and small have been stacking sats and holding on tightly to the best-performing asset of the last decade. Bitcoin’s meteoric rise — albeit with plenty of false starts and big dips along the way — has been enthralling to witness. Even those with no skin in the game, content to watch from the sidelines, have begrudgingly conceded that Bitcoin has surpassed all expectations. Renowned crypto skeptic Senator Elizabeth…

BitcoinMar 25

Avalanche Foundation Kickstarts $1M Memecoin Rush Program to Amplify DeFi Liquidity

The Avalanche Foundation delivers the initial stage of Memecoin Rush, a $1 million mining incentive program, to have multiple more stages. Like the Foundation’s previous incentive programs, Memecoin Rush has been developed to upgrade liquidity and create movement for the community coin ecosystem on Avalanche. This initial deliverance is associated with SteakHut and Trader Joe, with more in the offing. The Avalanche conventional projects will encourage trading and attach liquidity plans for selective community tokens. Memecoin Rush is a continued Avalanche Rush, the continuing liquidity program that has supported boosting Avalanche DeFi from 2021 onwards. The initial stage of the…

AltcoinsMar 25

U.S. Government's Legal Precedents Don't Support Lengthy Prison Term, Bankman-Fried's Defense Argues

Sam Bankman-Fried's defense team argued the U.S. Department of Justice was misapplying legal precedent in arguing for a lengthy prison term. The DOJ urged a sentence of 40 to 50 years, as opposed to the defense's request for roughly 6 years, for the former FTX CEO. Sam Bankman-Fried's lawyers have pushed back against some of the legal cases cited by the U.S. government in its sentencing memo, which makes the case for why the Department of Justice think the former FTX CEO should be handed a sentence in the range of 40-50 years, a court filing on Wednesday said. Bankman-Fried's…

RegulationMar 25