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.

RSI Signals Potential Surge To $3K

EthereumFeb 19

Ethereum price is gaining pace above the $2,800 support. ETH eyes more gains and might surge toward the $3,000 resistance zone. Ethereum is consolidating gains above the $2,820 support zone. The price is trading above $2,850 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,850 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up toward the $3,000 resistance zone. Ethereum Price Eyes Upside Break Ethereum price remained stable and slowly moved higher above the $2,800 pivot level. ETH even outperformed Bitcoin and climbed…

Avalanche Foundation Unveils $180M Avalanche Rush for DeFi Growth

DeFiFeb 19

The Avalanche Foundation has introduced Avalanche Rush, a pioneering $180 million mining liquidity program. It will boost the growth of the DeFi ecosystem. This initiative seeks to attract more applications and assets to the Avalanche blockchain. Therefore, it will empower accessibility and efficiency within decentralized finance for users worldwide. Avalanche Rush Phase 2 to Bring More Incentives The Rush initiative will deploy Aave and Curve, two high-TVL DeFi protocols, on Avalanche in the first step. In this part, Aave and Curve users will receive AVAX, Avalanche’s native token. Rewards will be delivered over three months. The Avalanche Foundation gave Aave…

Lugano settles second digital bond using wholesale CBDCs

RegulationFeb 19

The Swiss City of Lugano has announced the issuance of a native digital bond, building on the successes of its first offering back in early 2023. Valued at CHF 100 million ($114 million), Lugano’s native digital bond will rely on Switzerland’s experimental central bank digital currency (CBDC) for settlements. Swiss authorities have been experimenting with new CBDC use cases as part of Project Helvetia III, a limited CBDC pilot project. The bond issuance mirrors 2023’s offering, with the city relying on blockchain technology based on SIX Digital Exchange. For custody, Lugano’s new digital bond will turn to the SDX’s Central…

Bitcoin Steady Over $52K;Traders Target $55K in Short-Term

BitcoinFeb 19

Bitcoin remained steady, while ether gained over 5% as investors bet on an ETH ETF in the coming months. AI-related tokens zoomed in as the launch of OpenAI’s Sora sparked renewed hopes for the sector’s growth. Bitcoin (BTC) prices remained little changed over the weekend, hovering around the $52,000 level on relatively lower trading volumes compared to the weekdays. The price action was in line with a recent trend of low volatility over the weekends following the issuance of spot bitcoin exchange-traded funds (ETFs) in the U.S. in January, which seemingly changed the market structure for bitcoin trading. However, other…

Trader made 1280x profit on SORA token

AltcoinsFeb 19

An unknown trader made $176,000 on the new SORA token, which is not affiliated with the new text to video AI, by investing only 0.049 ETH ($137). As Lookonchain analysts pointed out, the trader spent 0.049 ETH ($137) to purchase 16 million SORA, after which trader sold 12.36 million SORA for 36.57 ETH ($102,492). The SORA token was created shortly after the launch of the generative artificial intelligence model of the same name from OpenAI. However, the coin is not affiliated with the development team. In total, the same trader is in the green about 1280x of their initial investment,…

Coinbase Tokenizes Financial Earnings Record as NFT

NFTFeb 19

In a new innovative development, American cryptocurrency exchange Coinbase has created the released Q4 earnings report in the form of a Non-fungible token (NFT). Coinbase Sets NFT Reporting Precedence Coinbase earnings reports are now on-chain, per the published statement on the website. The reports are now available as NFTs which can be minted by interested individuals. Usually, these earnings reports are released at the end of every quarter, therefore, potential holders can mint digital collectibles every quarter to commemorate each milestone. According to Coinbase, these milestones are an effort geared towards bringing economic freedom to the world. It is worth…

Ethereum Co-Founder Awaits Verkle Trees for Staking Benefits

EthereumFeb 19

Vitalik Buterin, the co-founder of Ethereum (ETH), has expressed his anticipation for the arrival of “Verkle trees” on the blockchain network. The integration of the data structure would see a significant improvement in the disk space used by staking nodes. In a post on social media platform X, Buterin said that he is “looking forward” to Verkle trees, which will reportedly bring multiple benefits to the Ethereum blockchain. The Ethereum founder said, I’m really looking forward to Verkle trees. They will enable stateless validator clients, which can allow staking nodes to run with near-zero hard disk space and sync nearly…

The Mumbai Metaverse: Bridging Technology and Urban Development

MetaverseFeb 19

Think about a digital metropolis the place the bustling cityscape and complicated infrastructure come to life earlier than your eyes. This futuristic imaginative and prescient is now a actuality because of the Mumbai Megapolis Metaverse challenge appearing as a digital twin for the town. Throughout Mumbai Tech Week on February 18, the Maharashtra Division of Tourism, in collaboration with the Tech Entrepreneurs Affiliation of Mumbai (TEAM), launched the Mumbai Megapolis Metaverse. The challenge goals to revolutionize city governance by providing a digital duplicate of Mumbai, incorporating superior know-how to teach and interact residents. Digital Infrastructure Showcase The metaverse offers an…

Ondo Finance and BitGo Forge Strategic Custody Partnership for USDY and OUSG Tokens

DeFiFeb 19

In a significant development for the cryptocurrency sector, Ondo Finance has announced a strategic alliance with BitGo, signaling a new era in the custody of digital assets. This partnership will see BitGo extend its custody services to two pivotal Ondo tokens, the Ondo US Dollar Yield (USDY) and the Ondo US Short-Term Government Bond Fund (OUSG), marking a milestone in the secure management of tokenized assets. Revolutionizing Asset Custody with Institutional-Grade Solutions The concept of asset custody is paramount in the cryptocurrency ecosystem, providing a foundational layer of security for institutional and individual investors alike. Ondo Finance, recognizing the critical…

Cathie Wood’s ARK Offloads $90M Coinbase Shares Amid Slew of Analyst Upgrades

RegulationFeb 19

ARK sold 499,149 shares of Coinbase from its three funds. The sale came after Coinbase beat its fourth-quarter earnings expectations, leading to a string of analyst upgrades. ARK Invest sold nearly half a million shares of Coinbase Global (COIN), worth around $90 million, on Friday as the Nasdaq-listing cryptocurrency exchange witnessed a slew of analyst upgrades after its fourth-quarter results beat Wall Street expectations. ARK is one of the largest institutional backers of Coinbase. The Cathie Wood-led investment firm sold 397,924 COIN shares from ARK Innovation ETF (ARKK), 45,433 shares from ARK Next Generation Internet ETF (ARKW), and 55,792 shares…