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.

Klaytn-Finschia Merge Approved Asia's Largest Blockchain Ecosystem

BlockchainFeb 16

The Klaytn and Finschia Mainnet Merge Proposal (KGP-25), a joint exercise between the Klaytn Foundation and Finschia Foundation, received overall consent. This came from the holders and members of the governance. This will allow the two firms to create Asia’s largest Web3 ecosystem while also introducing a single mainnet. The proposed chain merger aims to incorporate Finschia and Klaytn’s technologies, as well as their services and enterprise potential, to become Asia’s leading blockchain. The governance members officially voted on the merge proposal, and it eventually gained the necessary consent from more than 95% of those who supported Finschia and 90%…

Bitcoin To Receive Monumental $150 Billion Inflow: Expert Reveals

BitcoinFeb 16

At the Exchange ETF conference in Miami Beach, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, and Ric Edelman, founder of the Digital Assets Council of Financial Professionals, engaged in a discussion with CNBC’s Bob Pisani on the future of spot Bitcoin ETFs and their integration within diversified portfolios. $150 Billion Ready To Enter The Bitcoin Rabbit Hole Ric Edelman cast a bold prediction about the future inflows into spot Bitcoin ETFs, foreseeing an unprecedented $150 billion by the end of 2025, up from the current $5 billion. He confidently stated, “I’m anticipating that by the time we get…

Will February Deliver A $4,000 Knockout?

EthereumFeb 16

Ethereum (ETH), the global runner-up in the cryptocurrency ring, is making serious moves this week, stepping closer to the coveted $3,000 mark. Could this be the opening bell for a February knockout, sending it soaring towards a staggering $4,000 finish by month’s end? Ethereum Staking And ETF Surge: Bullish Momentum Several factors are fueling this bullish sentiment, starting with the surging popularity of ETH staking. As Ethereum 2.0 gathers momentum, more investors are locking their ETH into staking contracts, earning passive income while reducing the readily available supply in the market. This “induced market scarcity,” as experts call it, creates…

Developer Explains Why Meme Coins Are Shifting Base From Ethereum

EthereumFeb 15

Foobar, a code builder, criticizes Ethereum, accusing its developers of neglecting crucial improvements. Because of this shift, projects, including meme coin issuers, are adopting alternative protocols, including layer-2s and modern blockchains like Solana, which boast more features, mostly higher scalability. Ethereum Developers Are Blocking Mainnet Updates Taking to X, the developer claims that there have been no major mainnet improvements chiefly because such upgrades are being blocked by core and client developers. Specifically, Foobar cites the long-standing delays for features like Trie State Storage Optimizations (TSTORE) and Externally Owned Account (EOA) batch transactions. The developer also noted the lack of…

Citi, Wellington Management, & WisdomTree explore private market tokenization

BlockchainFeb 15

Citi announced that it has successfully conducted the Proof-of-Concept on the tokenization of private funds. The feat has been achieved in association with Wellington Management and WisdomTree, adding that PoC was done on the Avalanche Spruce institutional test subnet.The capabilities of smart contracts have been shown to provide operational efficiency and functionality that conventional assets can not yet offer. Citi and its partners have hailed the development, for it brings these functionalities with lower risk and lower barriers, in line with prevailing regulations. Citi has now successfully tested how to support clients issuing and accessing tokenized private assets. It ensures…

Bitwise Bitcoin ETF transitions to native SegWit

BitcoinFeb 15

Bitwise took to X to share the news that it is transitioning its Bitcoin address from P2PKH to native SegWit P2WPKH. The aim is to adopt new technology and offer an enhanced experience to investors and the entire crypto sphere. The most has been defined as power play, for it reduces the cost and improves the efficiency of transactions. Most importantly, it signifies Bitwise’s commitment to innovation and leaving behind the players in traditional finance. Bitwise has expressed its pride and gratitude to Coinbase Custody, adding that their team promptly addressed the request. For a quick reference, the native SegWit…

Last 4 Days Inflows Outpace Initial Weeks

BitcoinFeb 15

Bitcoin (BTC) Spot Exchange-Traded Funds (ETFs) are currently in the limelight as the products have seen massive net inflows in the past few days than in the initial weeks of introduction, dominating the market of crypto investment products. Bitcoin ETF Inflows Surges In The Last 4 Days Thomas Fahrer, the co-founder of Bitcoin tracking platform Apollo, took to the social media platform X (formerly Twitter) to share the development with the community. Fahrer pointed out that BTC spot ETFs are presently experiencing a “total acceleration” of inflows. Fahrer emphasized that Bitcoin ETFs underperformed in the first few weeks compared to…

BlackRock’s daily volume for BTC ETF peaks at $720 million

BitcoinFeb 15

BlackRock is expected to close the market at a total volume of $5 billion. The predicted estimate is based on the number for February 14, 2024, when IBIT—that is, iShares Bitcoin Trust—bagged a daily volume worth $720 million. That is the highest figure since the time of the launch of IBIT. The rise is built on what has happened in the last 3–4 days. The lowest that the daily volume went to was on February 6, 2024. A total of approximately $50 million was recorded on that day. However, it followed a constant rise on February 13, 2024, taking it…

AltLayer launches SDK for zkSync hyperchain deployment

BlockchainFeb 15

AltLayer, a pioneering decentralized platform that allows rollup network building in collaboration with smart contract development giant Matter Labs, has finally been revealed, marking another significant success for the cryptocurrency and blockchain industries. By integrating Matter Labs’ ZK-rollup-based zkSync protocol, this agreement would boost Ethereum’s scalability and efficiency. AltLayer provides a platform with resources and architecture for developers and users to roll out utilizing its more advanced ZK Stack rollup SDK. The name ZkSync has been associated with cutting-edge technology, resulting in two advantages: vastly faster transaction processing speed and significantly lower gas fees. This is a significant advantage for…

Bitcoin Rally To $75,000 Predicted By Cup And Handle Breakout

BitcoinFeb 15

Matt Dines, the Chief Investment Officer at Build Asset Management, has identified a classical ‘Cup and Handle’ pattern in the Bitcoin (BTC) price chart, which he believes could signal an impending rally to $75,000. This technical formation is often considered a strong bullish signal and is closely watched by market analysts and traders. Bitcoin Price Validates Cup And Handle Pattern The ‘Cup’ part of the pattern, resembling a bowl or rounding bottom, began forming in March 2022 when the price plunged below $48,000 and entered one of the longest Bitcoin bear markets. The pattern reached its lowest point at approximately…