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.

Bitcoin Breaches $52,000, Reclaiming $1 Trillion Market Cap

BitcoinFeb 15

Bitcoin bulls are back in charge, with the world’s leading cryptocurrency surging past $52,000 on Wednesday following a long hiatus. This rally comes on the heels of a brief dip below $50,000 triggered by hotter-than-expected US inflation data, but investors shrugged it off, demonstrating resilient confidence in the digital asset’s future. Bitcoin is up more than 21% so far this year. Bitcoin Shows Mettle With $52K Breach This latest surge marks a significant milestone, not just for Bitcoin but for the entire cryptocurrency ecosystem. After 26 months, the top crypto asset has officially surpassed the coveted $1 trillion market cap,…

Ripple to take over Standard Custody & Trust Company

BlockchainFeb 14

Ripple, a market leader in enterprise blockchain and cryptocurrency services, will acquire the certified platform for digital assets Standard Custody & Trust Company. This exemplifies Ripple’s commitment to regulatory compliance, enabling the organization to expand its existing product line and explore additional prospects. By means of this acquisition, Ripple will gain Standard Custody’s money transfer certification and limited purpose trust charter, which will contribute to its growing portfolio of accreditations. A Monetary Authority of Singapore Major Payment Institution License, a New York BitLicense, and approximately forty money transmitter certificates are all held by Ripple and its subsidiaries. An additional accreditation…

Bitcoin Price Breaks Past $51,500: 4 Key Reasons

BitcoinFeb 14

On Tuesday, the Bitcoin price plunged from $49,900 to $48,300 following the release of the US inflation data. As NewsBTC reported, the data came in hotter than expected. Instead of 2.9%, headline CPI came in at 3.1%, while the core CPI was even at 3.9% instead of the expected 3.7%. The traditional financial market reacted negatively and dragged Bitcoin down with it, as expectations for interest rate cuts have shifted further into the future. The prediction markets are now pricing in only 4 rate cuts in 2024 after CPI inflation reached 3.1% in January. This is a huge drop in…

Bitcoin Price Surges As Greed Dominates Crypto Market

BitcoinFeb 14

Bitcoin, the undisputed king of cryptocurrencies, is making headlines again with a recent price surge that has pushed it past the coveted $50,000 mark. This rally, coupled with an “extreme greed” reading on the Crypto Fear and Greed Index, paints a picture of a market brimming with optimism, but also raises concerns about potential overheating. Greed Galore: Index Hits Highest Since ATH The Crypto Fear and Greed Index, a widely used indicator of investor sentiment, recently skyrocketed to 79, its highest level since November 2021, when Bitcoin peaked at a record-breaking $69,000. This “extreme greed” reading suggests that investors are…

Here's How This Whale Is Taking Advantage Of The ETH Rally

EthereumFeb 14

In recent weeks, Ethereum has witnessed a noticeable uptick in its market price, reaching a one-month high and showcasing a growing demand for the asset. Amid this development, the on-chain analytics platform Lookonchain revealed an Ethereum whale’s noteworthy strategy, marking a bold stance on Ethereum’s future trajectory. Strategic Accumulation Amid Rising Prices According to Loookonchain, an unknown whale has been actively increasing their Ethereum holdings, utilizing the Spark platform’s revolving loan feature. Spark platform is a decentralized finance (DeFi) product that enables users to borrow stablecoins like USDC or DAI against their cryptocurrency holdings. This investor has managed to withdraw…

Expert Who Predicted 2021 Bitcoin Peak Expects $600k By 2026

BitcoinFeb 13

Tuur Demeester, a Bitcoin OG and researcher for Adamant Research shared his bullish outlook for Bitcoin via X (formerly Twitter), anticipating its price could escalate to between $200,000 and $600,000 by 2026. Demeester’s prediction is predicated on the influx of trillions of dollars through global bailouts and stimulus measures, which he believes will significantly propel Bitcoin’s valuation. He remarked via X (formerly Twitter), “In ’21 bitcoin topped at $69k. I’m targeting $200-$600k by 2026. Fueled by $ trillions in global bailouts/stimulus,” indicating a strong conviction in the cryptocurrency’s future amidst expansive monetary policies. In '21 bitcoin topped at $69k. I'm…

Franklin Templeton Enters The Fray As ETH Rallies

EthereumFeb 13

Wall Street titan and Asset manager Franklin Templeton has applied for an Ethereum Spot Exchange-Traded Funds (ETF) after a struggle to gain approval for their Bitcoin Spot ETF in early January. Asset Manager Files For Spot Ethereum ETF Asset managers have gravitated toward the Ethereum spot ETF since the United States Securities and Exchange Commission (SEC) approved the Spot Bitcoin ETF. Franklin Templeton is the latest manager to apply with the SEC to get approval for this financial product. The asset manager’s move came after successfully introducing the BTC spot ETFs. This is a notable step toward making more crypto…

Bitcoin surges towards $50k, Halving event fuels optimism

BitcoinFeb 13

Bitcoin has uptick to $50k as the article is being drafted. More surges could be on the way; however, traders may want to be cautious about where the prices move on the graph. Bitcoin is looking to hold the price steady prior to the Halving event. There is low selling pressure now, and the task is to sustain a higher buying pressure. That will pave the way for a larger price rise. Things working for Bitcoin are Ordinals and a new interest in Bitcoin-based applications. There is a positive shift in the way in which the community now perceives the…

Plutus V3 goes live on SanchoNet

BlockchainFeb 13

Plutus V3 is live on SanchoNet. The team has launched it with advanced Plutus primitives along with more tools for Cardano developers looking to write smart contracts. The overall objective is to support features pertaining to governance and voting. Moreover, Plutus V3 supports interoperability between blockchains and enhances the adoption rate of smart contracts. Input Output Global has been working on it in collaboration with MLabs. Plutus V3 works in the background to make sure that developers have all the tools per the industry standard. It builds on the Valentine upgrade, which added support for SECP elliptic curves. One feature…

Bitcoin hits $50,000 for the first time in over two years

BitcoinFeb 13

Bitcoin, the biggest crypto in the world, has finally hit the 50,000-dollar mark. The crypto reached this benchmark for the first time in over two years. In the past year, Bitcoin has achieved a whopping 129.19% surge based on CoinMarketCap data. In the past month, the crypto has surged 16.42%, and it gained 3.93% in the past 24 hours. Antoni Trenchev, Nexo’s co-founder, stated that reaching $50k is a massive milestone for BTC. Since the launch of the Bitcoin ETF, this benchmark has established psychological support for crypto. The entire crypto market enjoyed a boost starting this week. Coinbase gained…