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.

Tom Brady NFT sold for $40,000, but marketplaces are victims of scams

NFTFeb 20

Before the Super Bowl, an NFT video of Tom Brady was sold for $40,712. This leads many Non-Fungible Token users to want to ride the wave with celebrities, but there is a need to be very careful about the vulnerabilities of the blockchain. And indeed, NFT marketplaces have lost over 38 million dollars due to crypto scams in the last year. Tom Brady NFT at $40,000, but marketplaces lose over $38 million due to scams Before Super Bowl LVIII, a Tom Brady NFT video was sold for $40,712. Also, the Joe Montana NFT, who has previously played for both the…

Ethereum Eyes $3,000 Mark: Investors on High Alert!

EthereumFeb 20

Ethereum’s price trajectory signals proximity to the $3,000 milestone, bolstered by sustained investor confidence. Technical indicators suggest a bullish sentiment with a predicted rise of 6.32% to $2,968.39 by February 22, 2024. Despite potential resistance at $3,000, Ethereum’s upward trend indicates resilience against significant retracement. Ethereum’s (ETH) ascent toward the $3,000 mark has garnered significant attention, reflecting a growing investor confidence in its long-term potential. The digital asset’s recent price action has been notably bullish, maintaining levels above key moving averages. This includes the 50-day Exponential Moving Average (EMA), currently around $2,500, which has acted as a strong support level…

Wealth concentration hits a new peak as major economies slip into recession

RegulationFeb 20

Quick Take Despite the seeming prosperity indicated by stock market highs in major economies, including the S&P 500 in the US, DAX in Germany, CAC40 in France, and Nikkei 225 in Japan, a contrasting narrative of technical recessions and growing inequality is emerging. Notably, the United Kingdom and Japan have entered technical recessions – defined by two consecutive quarters of negative growth – with the latter losing its position as the third-largest economy, according to Bloomberg. The dichotomy between flourishing markets and struggling economies can be partly attributed to the concentration of wealth. As reported by Geiger Capital, the top…

Ethereum Breaks $2,900, But Watch Out For Futures Overheating

EthereumFeb 20

Ethereum has broken beyond the $2,900 level during the past day, but data shows the futures market may be starting to become overheated. Ethereum Has Now Broken Through The $2,900 Level While Bitcoin has slumped to an overall sideways trajectory recently, Ethereum appears to have decided to pick a path of its own, as the second largest asset in the sector has surged almost 4% over the past 24 hours. During this latest jump, Ethereum has touched the $2,900 mark for the first time since the start of May 2022. The below chart shows how the coin has performed over…

Bitcoin’s Pre-Halving Jitters — Historical Trends Spotlight Potential Price Dip Ahead of 2024 Event

BitcoinFeb 20

As the Bitcoin network nears its fourth halving event, numerous market watchers and cryptocurrency enthusiasts are curious about whether the price will experience a temporary decline before the halving occurs. Historically, bitcoin’s value has surged six to seven months ahead of halvings, yet there has consistently been a significant decrease before the subsequent increase that follows the reward halving event. Historical Declines Preceding Bitcoin Halvings Raise Eyebrows for 2024 Throughout history, the increase in bitcoin’s value has typically unfolded within the same year as a halving event, with the uptick being a combination of pre-and post-event movements. On the social…

Shiba Inu Adoption Rate Surges, Attracting New Investors

AltcoinsFeb 20

On-chain data from IntoTheBlock shows an uptick in the Shiba Inu adoption rate, suggesting a growth in the number of new investors joining the SHIB ecosystem. Shiba Inu’s low price has continued to present opportunities for new crypto investors to acquire the token at discounted rates. This is reflected in the surge of new users joining the Shiba Inu ecosystem in recent times. Shiba Inu Adoption Rate Spikes Interestingly, Shiba Inu’s adoption rate increased by 39.27% on February 17, according to data from IntoTheBlock. For context, IntoTheBlock determines a token’s adoption rate by calculating the percentage of newly created addresses…

Equalizer Finance Partners with LI.FI to Enhance DeFi Experience

DeFiFeb 20

Equalizer Finance is excited to announce a strategic partnership with LI.FI. It aims at integrating LI.FI’s innovative cross-chain solutions into the decentralized finance (DeFi) platform. This collaboration represents a significant step forward for Equalizer Finance. Moreover, it reinforces the commitment to providing users with a seamless and efficient DeFi experience. 🫡 We're happy to announce our strategic partnership with @lifiprotocol Their cutting edge technology is powering our Meta Aggregator 🦾 Read more about it here:https://t.co/X3ll6khUFV — Equalizer Finance (@EqualizerFlash) February 15, 2024 Equalizer Finance Elevates DeFi Experience with LI.FI’s Technology Integration Its ability to connect blockchain networks makes it a…

CyberCrew's C5 Collection Drops Today on Opensea

NFTFeb 20

Step into the CyberVerse, a vibrant world pulsating with neon lights and teeming with diverse lifeforms, sentient A.I., and rival gangs. In this ever-evolving landscape, survival hinges on the quality of your gear, and CyberCrew's latest offering, the C5 Collection on Opensea. — For those uninitiated, CyberCrew is synonymous with redefining ownership in the digital realm. With an easy access token-gated file download system on their website and a commitment to cross-platform interoperability, CyberCrew sets the stage for a new era of gaming. Their flagship game, CyberCrew: Deathmatch, is already generating buzz on platforms like Twitter. Building on the success…

Ethereum ETF in March? Bloomberg Expert Thinks Not

EthereumFeb 20

Speculations are rife within the crypto community regarding the potential launch of an Ethereum ETF as early as March. Amid the buzz, James Seyffart, a renowned research analyst at Bloomberg Intelligence specializing in ETFs, has cast doubts on the feasibility of such a development. Taking to social media, Seyffart dismissed the rumors, asserting a firm stance that there is a negligible likelihood of an Ethereum ETF materializing in the speculated time frame. Despite the fervent speculation surrounding the matter, Seyffart confidently expressed skepticism, even placing a wager of 4 ETH against the purported likelihood of an imminent Ethereum ETF launch.…

Cathie Wood Makes Remarks on Bitcoin and Coinbase

RegulationFeb 20

In a recent interview with Yahoo Finance, Cathie Wood, CEO and CIO of Ark Invest, shared her views on cryptocurrency markets, Coinbase's performance, and the launch of Ark Invest's Bitcoin ETF. Wood, a prominent BTC proponent, expressed his positive views on Coinbase's performance, stating that the trading platform is “functioning perfectly.” Coinbase, a leading cryptocurrency exchange, had witnessed a surge in its shares after it announced that its fourth-quarter revenue beat estimates. Wood, who owns approximately 5 million Coinbase shares in Ark Invest's largest fund, ARK Innovation ETF, evaluated the factors that contributed to Coinbase's success. Wood attributed Coinbase's success…