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.

Trillions of SHIB Shifted in Epic 100% Shiba Inu Whale Activity Spike

AltcoinsFeb 20

Dog-themed cryptocurrency Shiba Inu (SHIB) has witnessed a spike in whale activity as billions of SHIB tokens were shifted in a single day. According to data from IntoTheBlock, the volume of large transactions involving SHIB, which are defined as those exceeding $100,000 in value, soared 102.03% in the past 24 hours. Large transaction volumes are often indicative of whale activity. These transactions amounted to 1.02 trillion SHIB, worth about $9.97 million. Large transaction volumes provide an idea of the total amount transacted by whales and institutional players on a given day. Large transaction volumes saw a significant increase from 513.97…

ETH Price Will Reach $10,000

EthereumFeb 20

Global asset management firm, Bernstein has expressed confidence, foreseeing a fairly strong chance of the United States Securities and Exchange Commission (SEC) approving an Ethereum Spot ETF. SEC Ethereum Spot ETF Approval Imminent In a February 19 research report, Bernstein analysts Gautam Chhugani and Mahika Sapra disclosed that Ethereum, the world’s second-largest cryptocurrency, may be the only digital asset after Bitcoin, to win an ETF approval from the US SEC. Following the approval of Spot Bitcoin ETF, many crypto enthusiasts anticipated Ethereum as the next in line for an ETF. However, given the SEC’s current stance on cryptocurrencies and its…

OKX Integrates Finceptor for Multi-Chain Liquidity Solutions

DeFiFeb 20

OKX, a popular Web3 tech company, released its latest features on February 13, 2024. One of the biggest changes is that OKX Wallet now supports Finceptor, a multi-chain liquidity and community growth protocol. This integration simplifies OKX Wallet access to Finceptor’s liquidity vaults and DeFi bonds. These give pre-launched and publicly traded tokens on different blockchains new liquidity and growth opportunities. OKX and Finceptor Collaboration Expands DeFi Opportunities Finceptor offers liquidity farming, risk-protected lending, and automated payback schedules on token projects its analysts have reviewed. OKX Wallet users can join Finceptor programs with popular layer 1 and layer 2 cryptocurrencies.…

Berachain early supporters mint over 1.7m NFTs

NFTFeb 20

Berachain airdrop hunters have minted over 1.7 million NFTs as the yet-to-launch project engaged speculators in tasks that may yield free tokens. Berachain is a layer-1 network powered by proof-of-liquidity and built on the Cosmos SDK, a framework for creating decentralized applications or dapps written in the Go programming language. The protocol also considers itself an Ethereum Virtual Machine-equivalent L1. The blockchain claims to fully implement the EVM code enshrined in Ethereum’s yellow paper, a technical document explaining Ethereum blockchain design and architecture. An EVM-equivalent protocol is also completely compliant with Ethereum, enabling support for any dapp running atop Ethereum’s…

Major Whale Is Betting Big on Ethereum (ETH)

EthereumFeb 20

One significant whale has made a substantial move that signals confidence in Ethereum (ETH) over Bitcoin (BTC). According to Lookonchain, a notable cryptocurrency analytics platform, the investor has recently borrowed 280 Wrapped Bitcoin (WBTC) worth $14.6 million from decentralized finance protocol Aave and converted it into 5,150 ETH. This action suggests a bullish stance on Ethereum and a bearish view on Bitcoin, potentially indicating a strategic shift among crypto whales. Ethereum's new yearly peak The price of Ethereum has surged to $2,800, marking its highest point since May 2022 and highlighting a significant rebound in the cryptocurrency market. The leap…

Tether’s newest investment, led by former Israeli special forces

RegulationFeb 20

Tether, the self-described “largest company in the cryptocurrency industry,” recently led a $25 million Series A investment round in Oobit. Tether was joined in this investment by Anatoly Yakovenko, the co-founder of Solana, as well as CMCC and 468 Capital. Oobit is a Lithuania-registered firm that lists a contact address in Singapore, and is led by chief executive Amram Adar. Adar’s LinkedIn reveals that before his role at Oobit, he served in the Israeli navy special forces, and appears to still be based out of Tel Aviv. Adar also worked with Oobit chief operating officer Aharon Miller at WaveTech, which…

Bitcoin VM Enables Quick Transfer of Ethereum dApps to Bitcoin Network

BitcoinFeb 20

A groundbreaking advancement in cross-blockchain technology has emerged, marking a significant milestone in the integration of Ethereum decentralized applications (dApps) onto the Bitcoin network. The Bitcoin Virtual Machine (BVM) stands as a game-changer, functioning as the counterpart to Ethereum’s Virtual Machine (EVM) but tailored for the Bitcoin network. BVM facilitates the seamless migration of Solidity smart contracts and dApps from Ethereum to Bitcoin with minimal modifications required. What sets BVM apart is its remarkable efficiency, drastically reducing deployment times. Unlike traditional methods taking months or even years, BVM enables the swift deployment of Ethereum dApps onto the Bitcoin network within…

Terra Classic (LUNC) Set to Raise Minimum Initial Deposit to Curb Spam Proposals

AltcoinsFeb 20

The Terra Luna Classic community votes on another proposal related to changing the minimum deposit as spam proposals continue despite increasing minimum deposit amount from 1 million LUNC to 5 million LUNC in September last year. Terra Luna Classic Setting Minimum Initial Deposit to 1M LUNC Proposal 12071 “Set the Minimum Initial Deposit to 1M LUNC” is up for voting in the Station wallet. Spam proposals or poorly written proposals are rising deposit voting section. This proposal aims to provide an entry barrier into the deposit section to prevent these proposals from even appearing in the deposit phase. A parameter…

Sui price triples in 3 months, signals changing of the guard in DeFi

DeFiFeb 20

Challenger blockchains Sui, Sei and Ronin are having a moment. Their native cryptocurrencies have tripled in price over the past three months, outperforming all other layer-1 assets in the top-100 by market cap. Market leaders bitcoin (BTC), ether (ETH) and binance coin (BNB) meanwhile gained about 30% in that time. Solana (SOL) and avalanche (AVAX) nearly doubled. SUI, SEI and RON are far smaller cryptocurrencies with less liquid markets (all three combined are not even one-third of AVAX’s market cap), so increased volatility is to be expected. Still, the data suggests those networks have garnered increased usage over the past…

Pudgy Penguins approach Bored Ape floor prices, buoyed by CEO’s expansive approach

NFTFeb 20

It looks like apes are out, and penguins are in. Bored Apes Yacht Club, the collection of 10,000 cartoon ape NFTs that became wildly popular in the months after their April 2021 creation, has seen its trading interest languish in recent months. Pudgy Penguins, which were first minted around the same time as Bored Apes, continue to roll. This trend shows itself in the convergence of the two projects’ floor prices. A collection’s floor price is the lowest price for which a collector could acquire a piece in the collection on secondary markets. As of Monday morning, Bored Ape’s floor…