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.

Forbes Establishes Presence in The Sandbox Metaverse

MetaverseFeb 20

Forbes has formally entered the metaverse by establishing a everlasting presence inside The Sandbox. This transfer displays Forbes’ recognition of the metaverse and Web3’s potential to reinforce digital interplay and group engagement. Establishing this digital land reveals the worldwide media firm’s intention to foster a group hub for its Web3 viewers. The Sandbox, identified for its interactive digital landscapes and truthful royalties for creators, now accommodates Forbes’ digital property. This digital property is envisioned as a central assembly level for a various group of thinkers, leaders, and innovators. Supply Forbes Forbes aspires to push the boundaries of typical engagement strategies…

BTC Bulls Show Strength After Recent Consolidation Period

BitcoinFeb 20

Bitcoin’s price has seen a period of consolidation after its recent high of around $52,884, according to price data from Feb. 19, 2024. Technical indicators suggest the leading crypto asset remains in an uptrend and may be poised for a further move higher after this sideways trading range. Shorter timeframe charts point to strengthening bullish sentiment that could propel bitcoin out of its recent tight trading range. Bitcoin Bitcoin (BTC) has been trading in a relatively narrow range between around $51,214 and $52,884 over the weekend, according to the 6-hour and 4-hour price charts. This consolidation just below the local…

DeFi needs more decentralization

DeFiFeb 20

Amid all the ETF news that’s dominated the headlines over the last few weeks, the extensive report into DeFi published by the US Commodity Futures Trading Commission in early January didn’t get enough attention. Most of the news coverage focused on the report’s recommendations about implementing identity and AML practices, but this was only part of the document’s broad scope. Developed by the Commission’s subcommittee on digital assets and blockchain technology, the 79-page report dives deep into the risks presented by the emerging decentralized financial system. Especially revealing is its assessment of how effectively these risks can be addressed within…

Yuga Botched Another NFT Mint—Will the Bored Ape Maker Ditch Ethereum?

NFTFeb 20

Yuga Labs, the multi-billion dollar company in charge of dominant crypto brands like the Bored Ape Yacht Club and CryptoPunks, found itself in hot water this week after implementing—and then reversing—remedies to fan dissatisfaction with a new NFT mint tied to its Ape-themed metaverse, Otherside. The saga began on Tuesday, when Yuga announced that players who had successfully completed a mission in the Otherside platform’s Legends of the Mara game could now claim on-chain collectibles, dubbed “Loot,” as rewards. Players quickly jumped to mint the NFTs on the Ethereum blockchain, only to discover that the gas fees incurred by those…

Jump in Ether's Relative Strength Index Warrants Your Attention. Here is Why

EthereumFeb 20

Ether’s 14-week RSI has topped 70, a threshold that marked previous parabolic bull runs. The bullish signal is consistent with excitement surrounding Ethereum’s impending Dencun upgrade and the potential debut of spot ETFs. Crypto traders may want to pull up ether’s (ETH) relative strength index (RSI) on their screens as the popular technical analysis tool is signaling uptrend acceleration ahead. RSI, developed by J. Welles Wilder, is a momentum indicator that measures the speed and change of price movements over a set period, usually 14 days or 14 weeks. The indicator oscillates between 0 and 100, with readings above 70,…

Here’s Warren Buffett's updated portfolio

RegulationFeb 20

Warren Buffett, the celebrated investor and Chairman of Berkshire Hathaway (NYSE: BRKA, BRKB), made substantial changes to his extensive portfolio last quarter. On February 14, it was revealed that Buffett’s portfolio underwent significant adjustments. These changes included substantial reductions and increases in shares of specific companies and complete divestment from others. Faltering confidence in AAPL? In the last quarter, Buffett initiated a reduction of his holdings in Apple (NASDAQ: AAPL) by selling 10 million shares. This move decreased his position by -1.09%, from 915 million to 905 million shares owned. What’s intriguing is that Apple is scheduled to distribute its…

Preparing for Its Most Important Update

AltcoinsFeb 20

Tomorrow will be an important day for the cryptocurrency world as smart contracts will be gradually launched on the mainnet of the Stellar (XLM) network. The Stellar Development Foundation (SDF) and the general Stellar community have been working hard for the last two years to bring smart contract functionality to the Stellar network. The Stellar Development Foundation and the developers of key Stellar SDKs have announced the release of a comprehensive software package that supports Protocol 20. This protocol will introduce Soroban smart contracts to Stellar. With the technical components now in place, Stellar network validators will vote on the…

Goldman Sachs Raises S&P 500 Target to 5,200, Will Bitcoin (BTC) Follow?

BitcoinFeb 20

In recent days, the Bitcoin (BTC) price has hovered around the $52,000 mark, keeping investors on their toes. Meanwhile, the U.S. equity markets have been surging, with the S&P 500 reaching record highs of 5,000. Year-to-date, the index has already gained 5.54% in 2024, signaling strong performance. S&P 500 Can Rally to 5,200 In a swift turnaround, Goldman Sachs Group Inc. strategists have revised their 2024 target for the S&P 500 Index after the index surged past the significant 5,000 milestone this month. In a recent note to clients, the team, led by David Kostin, highlighted increased profit estimates as…

DeFi Technologies Inc. Strikes Gold with Strategic Solana IP Acquisition, Eyes Industry Leadership

DeFiFeb 20

DeFi Technologies Inc, a company at the forefront of bridging traditional capital markets with decentralized finance (DeFi), has achieved a significant stride in its growth strategy. The company recently announced the successful acquisition of intellectual property (IP) from Stefan Jørgensen, a highly regarded developer in the Solana ecosystem. This move is a crucial part of DeFi Technologies’ broader plan to expand and enhance its services within the Solana network, a platform known for its high-performance capabilities. The acquired IP includes advanced features like sophisticated liquidity provisioning, innovative trading strategies, and tools for the distribution, management, and analytics of decentralized financial…

NFT Sales Surge 16.8% This Week, Ethereum Dominates With Top Volumes

NFTFeb 20

This week, sales of non-fungible tokens (NFTs) surged by 16.8% over last week, as per the most recent statistics on digital collectibles. The Ethereum blockchain led the charge among 21 blockchains, capturing the top spot with sales totaling $148.49 million, marking a substantial increase of 99.08%. Digital Collectibles on the Rise: Ethereum Tops $148M in NFT Sales This Week This week saw another uptick in NFT sales, building on the 3.74% increase observed last week. In the latest count, NFT transactions reached $277.79 million across 21 different blockchain platforms, marking a 16.8% rise. Conversely, the number of NFT buyers plummeted…