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.

Ethereum Is On Its Way To The $3,000 High And Is On A Steady Upward Trajectory

EthereumFeb 20

The price of the Ethereum coin is fluctuating below the resistance level of $2,800. Price analysis by Coinidol.com. Long-term analysis of the Ethereum price: bullish The price of Ethereum (ETH) has surpassed the previous high of $2,715 and reached a high of $2,858 on February 15, 2024. In the last 48 hours, the largest altcoin has experienced a slight decline. The bears are rejecting the digital asset's continued upward trend. The value of the altcoin currently stands at $2,784. Ether is expected to continue its positive trend as long as it remains above the current support level. Buyers are hoping…

Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

BitcoinFeb 20

Bitcoin price is attempting a fresh increase above the $52,000 resistance. BTC must clear the $52,800 resistance to continue higher in the near term. Bitcoin price is gaining pace above the $52,800 resistance zone. The price is trading above $52,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $51,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $52,800 resistance zone. Bitcoin Price Eyes More Gains Bitcoin price started a downside correction from the…

Latest Project Expands Burn Scheme Beyond SHIB to Boost Value

AltcoinsFeb 20

The Shiba Inu ecosystem team has revealed plans to allocate a portion of proceeds on its new NFT project to burn ecosystem tokens. Recently, the Shiba Inu team unveiled an upcoming NFT project called Sheboshis. The new collection uses the trend ERC-404 standard, which blends ERC-721 and ERC-20 to introduce fractionalized NFTs. While news of the Sheboshis launch generally focused on the collection’s unique features, the ecosystem team has now revealed additional information about the project. Top of the latest reveals involves plans from the team to burn a portion of the proceeds that it will receive from selling some…

DeFi Protocol Tranchess Launches New Staking Products With Lido Finance

DeFiFeb 20

Tranchess, a decentralized protocol specializing in risk-adjusted yield solutions for digital assets, announced the launch of two new staking products in collaboration with Lido Finance, a leading liquid staking platform. These products, dubbed “staYETH” and “turYETH,” aim to provide investors with diversified options for earning yield on their staked Ether (ETH). Stable and Leveraged Options: staYETH: Inspired by traditional “risk-free” investments, staYETH offers a steady, predictable return on staked ETH. This aims to attract investors seeking lower volatility and familiarity with conventional financial instruments. turYETH: Designed for those seeking aggressive growth, turYETH utilizes leverage on yield differentials to potentially amplify…

Empire State Building launches Avalanche NFT utilizing Uptop

NFTFeb 20

Uptop, an established Web3 loyalty and reward platform, devised an exceptional idea to enhance the Empire State Building, the iconic landmark of New York, earlier this year. The inexperienced portmanteau scheme, which is founded on NFTs and managed by ESRT, an industry-leading responsible managing company, has once more earned the structure Tripadvisor’s designation as the number one attraction in the United States over the past two years. Utilizing Avalanche blockchain technology to ensure a seamless experience for an estimated four million annual visitors has revolutionized this historic site into a cutting-edge destination. The partnership between Uptop and the Empire State…

$128 Million Pledged in ICO Contributions

EthereumFeb 20

In a notable development, Ethereum ICO participants have collectively pledged 46,464 ETH to the Ethereum beacon chain over the past week. This translates to a substantial investment totaling $128 million, underscoring the confidence and support in Ethereum’s ecosystem. A closer examination of the contributions reveals a particularly significant address. Originating from the Genesis Block in 2015, this address still retains a considerable amount of ETH, currently valued at $139 million. This reinforces the long-term commitment and belief in Ethereum’s potential among early stakeholders. These pledges demonstrate a strong endorsement of Ethereum’s vision and technological advancements, further solidifying its position as…

Top US Banks Fighting to Get a Piece of the Pie

RegulationFeb 20

Several major banks in the United States are exerting pressure on the Securities and Exchange Commission (SEC) to facilitate their participation in the recently approved spot Bitcoin ETFs market. Current Challenges and Banks’ Demand In a joint letter addressed to U.S. SEC Chair Gary Gensler, several leading banking associations, including the Bank Policy Institute (BPI), the American Bankers Association (ABA), the Financial Services Forum, and the Securities Industry and Financial Markets Association (SIFMA), have requested targeted modifications to Staff Accounting Bulletin No. 121 (SAB 121). According to an analysis from Coin Bureau, a prominent cryptocurrency analyst and commentator on X,…

Bitcoin Network Faces Downturn in Transactions and Fees as Halving Approaches

BitcoinFeb 20

The volume of daily transactions on the Bitcoin network has seen a significant decline since Jan. 28, 2024, with numbers falling from peaks above 600,000 to below 300,000 transactions per day. This downturn is in sync with a decrease in the daily creation of Ordinal inscriptions, overall easing congestion and reducing onchain fees. Network Activity Slows on Bitcoin as Ordinal Inscriptions Dip Data from Feb. 17, 2024, indicates that bitcoin miners processed 327,713 transactions over a 24-hour timeframe. The month of February has experienced a noticeable dip in daily transaction activity, a stark contrast to the 636,523 transfers recorded on…

Insights on Generating Passive Income with XRP Amid AMM Delay: Pundit’s Perspective

AltcoinsFeb 20

Prominent XRP community figure Zach Rector recently elaborated on the growing discourse around XRP holders benefitting from a passive income stream with their XRP portfolio. Passive Income With XRP!https://t.co/gMunVlJGBj — Zach Rector (@ZachRector7) February 12, 2024 XRP Welcoming DeFi Capability Rector highlighted that crypto market participants lock up millions of dollars worth of XRP as collateral or for providing liquidity on other chains amid XRPL’s lack of AMMs. However, he emphasized that this scenario is poised to change in the upcoming months. Rector first highlighted the delayed implementation of the XLS-30 automated market maker (AMM) amendment. Notably, this amendment aims…

5 Best DeFi Yield Aggregators in 2024

DeFiFeb 20

In recent years, decentralized finance (DeFi) has emerged as an exciting new frontier that is challenging traditional finance (TradFi) in innovative ways. While TradFi requires centralized intermediaries like banks, DeFi enables peer-to-peer transactions without such middlemen through programmable smart contracts on blockchain networks. One popular use case for DeFi is yield farming - earning returns by supplying crypto assets as liquidity to decentralized applications (dApps). However, manually managing exposures across multiple dApps can take time and effort. This is where DeFi yield aggregators come in handy. By automating the yield farming process, aggregators make it easy to take advantage of…