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.

2 Reasons Bitcoin Could Challenge Record High of $69K Before Halving

BitcoinFeb 19

Bitcoin tends to rally over 30% in eight weeks leading up to the reward halving, according to 10X Research. Bitcoin's fourth halving is due on April 19. Bitcoin's monthly RSI has crossed above 80, a threshold that has historically presaged 60-day gains of over 50%. Bitcoin (BTC) has had a stellar few months, with bulls ignoring a resurgent U.S. dollar and Treasury yields to push the leading cryptocurrency to the highest level since late 2021. While a price pullback looks plausible, the broader uptrend looks set to continue, with prices revisiting and potentially surpassing the record high of $69,000 before…

Polygon Reigns Supreme in Ethereum Layer Two Poll with 44.1% Preference

AltcoinsFeb 19

In a recent poll collecting community feedback on their top preferred Ethereum layer two scaling solutions, Polygon has emerged as the probable option among cryptocurrency enthusiasts. The poll was conducted by Crypto analyst “Coin Bureau” on X. Coin Bureau asked the crypto community to pick their favorite Ethereum layer two among a list of four options containing Arbitrum (ARB), Optimism (OP), Polygon (MATIC), and Immutable (IMX). Quick poll: What is your favourite Ethereum L2? — Coin Bureau (@coinbureau) February 18, 2024 The poll ended, attracting 9,306 respondents. Polygon triumphed with a close margin against the first runner-up, Arbitrum. Specifically, 44.1%…

Pudgy Penguins Outpace Bored Ape Yacht Club in NFT Market Shakeup

NFTFeb 19

In a surprising turn of events in the NFT marketplace, Pudgy Penguins has momentarily eclipsed the Bored Ape Yacht Club (BAYC) in terms of floor price, highlighting the ever-changing dynamics of digital collectibles. A Momentary Triumph in the NFT Arena The recent data from Parsec Finance revealed that the floor price of Pudgy Penguins soared to 22.2 ETH, surpassing BAYC’s floor price, which dipped to 22.1 ETH. Although the lead was brief, this shift is significant in the NFT community, marking a shift in collector interest and market trends. Daniel Meagaard, an influencer in the NFT space, celebrated this milestone…

Ether Could Be the Next 'Institutional Darling,' Bernstein Says

EthereumFeb 19

Ether may be the only digital asset other than bitcoin to get spot ETF approval in the U.S. There is a 50% chance of ETF approval by May. Dencun, the Ethereum blockchain's upgrade due in March, will slash transaction costs. Bitcoin's (BTC) recent rally has been driven by the spectacular introduction of exchange-traded funds (ETF). It may be time to now focus on ether (ETH), the second-largest cryptocurrency, broker Bernstein said in a research report on Monday. Ether is "probably the only other digital asset likely to get a spot ETF approval by the SEC," the report said. Bernstein says…

ZK Proofs Enable Defi Platforms to Meet Regulatory Requirements Without Compromising User Data, Says Ex-FCA Regulator

DeFiFeb 19

Diana Tlupova, Head of Compliance at Nexera ID, has argued players in the decentralized finance (defi) space can stay ahead of regulators who might want to impose stringent Know-Your-Customer (KYC) rules by using zero-knowledge (zk) proofs to authenticate user credentials. Tlupova contends that, in addition to allowing users to maintain control over their KYC data, the application of zk proofs enables defi platforms to meet regulatory requirements without compromising user data. Privacy Versus Compliance Although many regulators have yet to standardize their stance on regulating the defi space, Tlupova predicts it will not be long before they begin demanding user…

Prop Trading Firm Crypto Fund Trader Terminates MT5 Services for US Clients

RegulationFeb 19

Crypto Fund Trader, a prop trading firm offering services with cryptocurrencies, has become the latest to confirm the cessation of its services on MetaTrader 5 for US-based clients. However, the accounts of its US clients would still be active, and they would be “able to purchase evaluations on [the] CFT Platform.” “To protect our users and to anticipate possible circumstances due to the current news about prop firms and to keep our Full License of MetaQuotes, we will temporarily block purchases coming from the US on MetaTrader 5,” the company wrote in a notice published yesterday (Sunday). 📢Announcement To protect…

become one of the largest Bitcoin holders

BitcoinFeb 19

According to the latest news, it has been discovered that the United Kingdom (UK) has entered the top 3 of the largest Bitcoin holders. However, these are not public or state investments in Bitcoin, but seizures of BTC by law enforcement and the state judiciary. However, these are BTC that are usually then sold at auction, as soon as possible, so it is not just temporary control of seized assets, but actual possession. Latest news: The seizure in UK makes him one of the largest Bitcoin holders The largest Bitcoin holding countries The value and impact on price Latest news:…

Cardano Founder Reinforced The Overall Bullish Sentiment On Cardano (ADA) With His Recent Tweet

AltcoinsFeb 19

Cardano founder and former Ethereum co-founder, mathematician Charles HOSKINSON boosted the overall bullish sentiment on Cardano (ADA) with a recent tweet. Hoskinson responded to a tweet from a Cardano enthusiast about the expected increase in the Cardano treasury. X user and Cardano enthusiast @StakeWithPride posted a post stating that he expects Cardano’s treasury to increase to $4.5 bln in fiat the next time ADA hits the $3 high. The last time ADA reached this all-time high was in late August 2021, and back then the Treasury held approximately $1.7 bln in ADA. Cardano is a “decentralized network state that funds…

Analyst Identifies Trend As Catalyst To $60,000

BitcoinFeb 19

As the entire cryptocurrency market is currently experiencing a notable upward trajectory, several market analysts are anticipating more gains for Bitcoin, the leading cryptocurrency asset, as they predict the token’s price to go even higher. Historical Trend That Will Send Bitcoin To $60,000 Crypto Jelle, a cryptocurrency analyst and investor, has expressed his optimism toward Bitcoin’s price action. Jelle recently shared a positive prediction for BTC in the near future on the social media platform X (formerly Twitter). The expert’s projections delve into the present price movement of Bitcoin and its potential to increase even further. He highlighted a trend…

NFT Lender Arcade Reveals Airdrop for Ethereum, Solana, and Bitcoin Collectors

NFTFeb 19

Arcade, the Ethereum-based DeFi protocol for NFT lending, will launch the next airdrop of its native ARCD token next week, the company has announced. On February 21, bundles of 750 ARCD tokens will be airdropped to 4,000 lucky holders of select NFT and Bitcoin Ordinals collections frequently used as loan collateral on Arcade. Some 2,000 wallets holding Ethereum-based NFTs Pudgy Penguins, Lil Pudgys, and Sappy Seals will be randomly selected for the airdrop’s allowlist. Another 2,000 wallets holding either Solana-based Mad Lads and Tensorians NFTs, or Bitcoin-inscribed Ordinal collections Bitcoin Puppets, NodeMonkes, and RSIC, will also be selected at random…