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.

Can Ethereum (ETH) Break Its 4.7 Million Resistance?

EthereumFeb 20

Ethereum (ETH) is showcasing a major uptick in several aspects of its network, pushing a revival in its price action. Ethereum is changing hands for $2,825.07, up by 0.88% in 24 hours and by more than 14% in the past week. The Ethereum story is closely related to the Bitcoin resurgence, as both coins are seeing their best price levels since at least early 2022. Combating visible resistance With the resurgence, there is now a general assumption that the price of Ethereum may be on its way toward the $3,500 price mark. One problem lies in this massive projection, and…

European asset management firm’s team blocked crypto ETP investment

RegulationFeb 20

Jupiter Asset Management (JUN) is withdrawing its investment in one of its exchange-traded cryptocurrency products (ETPs). JUN, a London-listed firm with more than $65.8 billion in assets under management, has pulled out of the investment due to compliance issues, the Financial Times (FT) reported. Jupiter Gold & Silver fund invested $2.58 million in the Ripple (XRP) 21Shares ETP in the first half of 2023. However, the investment was flagged by the company’s regular oversight process and was later canceled at a loss of $834. You might also like: Galaxy Digital targets Europe for crypto expansion The FT cites differences in…

Historic Bitcoin Stashes Mobilize Amid Rising Market Valuations

BitcoinFeb 20

With bitcoin’s value rising past the $51,000 mark, numerous long-dormant bitcoin hoards have begun to mobilize unspent transaction outputs (UTXOs) that have remained untouched for an extended period. Although instances involving ‘sleeping bitcoins’ from the years 2009, 2010, and 2011 are considerably scarce, there’s been a noticeable resurgence of older coin batches from 2012, 2013, 2014, and 2016 making unexpected appearances. Old Stashes of Bitcoin Come Alive in 2024’s Thriving Market As bitcoin (BTC) floats at levels not observed since the tail end of 2021, the past three days have seen the movement of 452.25 BTC from the past, now…

Many Altcoins Will Experience Massive Token Unlocks in the New Week – Here is the Day by Day, Hour by Hour List

AltcoinsFeb 20

Following the significant rise of Bitcoin in the cryptocurrency market, but stopping at the $ 53,000 mark, large amounts of token lock openings will be held in many altcoins in the new week. Here is the weekly token lock opening calendar that we have prepared specially for you as Bitcoinsistemi.com. (All times are stated in UTC+3 Türkiye time) Aurora (AURORA) Market Value: $116.12 million Value of Unlocked Tokens: $4.65 million (4.00% of Market Cap) Date: 19 February 2024, 03:00 BENQI (QI) Market Value: $77.45 million Value of Unlocked Tokens: $1.97 million (2.55% of Market Cap) Date: 19 February 2024, 03:00…

PayPal’s PYUSD users to access yield powered by Backed’s RWAs on Morpho Blue

DeFiFeb 20

In a partnership with Morpho Blue and Backed, PYUSD, PayPal’s regulated USD stablecoin issued by Paxos, will offer users access to DeFi yield through Backed’s tokenized real-world assets (RWAs). This integration signifies a significant advancement in PYUSD’s utility within the DeFi space. Through the collaboration, PYUSD holders can now explore opportunities for yield generation in the decentralized finance ecosystem on Morpho Blue. PYUSD’s Backed integration PYUSD has quickly established itself as a contender among stablecoins since its launch a few months ago. Now, with its integration into Morpho Blue, a leading decentralized lending protocol, PYUSD holders can leverage their assets…

Glenlivet Distillery Mixes Ethereum NFTs and AI Into Whiskey Collection

NFTFeb 20

The Glenlivet, a celebrated distillery in Speyside in northeastern Scotland, has launched a 50-year-old whiskey collection to commemorate its 200th anniversary. Additives to this pristine liquor, however, include blockchain technology via NFTs and utilizes generative AI for label design—checking all the hype boxes from the last few years. The collection, titled "The Twelve Elements," pays homage to the twelve essential components that shape Glenlivet's renowned single-malt whiskey. Cask expert Kevin Balmforth explained that the whiskeys composing the collection are among the brand’s oldest official releases. Balmforth also pitches the release as innovative, highlighting the distillery's embrace of technology while honoring…

Ethereum Validator Queue Grows to Over 9,000 Amid Restaking Mania

EthereumFeb 20

There are currently almost 9,000 validators waiting in line on the Ethereum network as the crypto’s price touches $3,000. The number of validators could hit one million by April’s Bitcoin halving as restaking takes off. Ethereum Explorer beaconcha.in reveals 8,799 aspiring validators who could, when added to the network, take the number of validators closer to one million. No validators intend leaving the network. Validators Crowd For Restaking Potential In the past week, the amount of ETH staked on the network reached $1.24 billion. The network also onboarded 12,741 nodes over the same period. The total number of active validators…

Y Combinator lists stablecoins as perspective startup for funding

RegulationFeb 20

Startup accelerator Y Combinator has included stablecoins as a separate category for funding requests. According to a “Requests for Startups” page, Y Combinator (YC) included stablecoins in its “requests for funding” page, signaling the growing interest in stablecoins in the realm of digital finance. While acknowledging the still-evolving nature of the blockchain market, Y Combinator emphasized the potential of stablecoins as digital counterparts to traditional currencies. “There’s been much debate about the utility of blockchain technology, but it seems clear that stablecoins will be a big part of the future of money.” Brad Flora, group partner at YC You might…

Vanguard Leaving Bitcoin ETF Inflows in the Dust

BitcoinFeb 20

According to Eric Balchunas, a senior ETF analyst, Vanguard has absorbed approximately $30 billion in inflows since the launch of Bitcoin ETFs, a figure six times greater than what Bitcoin ETFs have achieved. This influx underscores Vanguard's dominance in traditional finance (TradFi), despite the crypto sector's rapid growth and the significant attention Bitcoin ETFs have garnered. #BoycottVanguard flops Vanguard's steadfast approach to investment, deeply rooted in the principles set forth by its late founder, Jack Bogle, has led to a pointed refusal to engage with the cryptocurrency market, including Bitcoin ETFs. This decision sparked considerable debate within the crypto community,…

VeChain Targets $20 Trillion Market with V3TR Trademark Filing

AltcoinsFeb 20

VeChain files for a V3TR trademark registration, and could position it to conform with the global financial communication standard. The global payments industry is estimated to reach $20 trillion by 2026 with an annual growth rate of 24%. In a bid to conform to the global financial communication standard, VeChain (VET) has filed for a V3TR trademark registration. The announcement was earlier disclosed by crypto commentator Collin Brown who claimed that the move is an obvious effort to merge the crypto industry to the traditional financial system. VeChain’s pending trademark is a game-changer! From digital currency transfers to crypto trading,…