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.

Grayscale: 'Next Bitcoin Halving Is Different'

BitcoinFeb 13

In Grayscale’s latest report, “2024 Halving: This Time It’s Actually Different,” Michael Zhao, provides an in-depth analysis of the evolving dynamics within the Bitcoin ecosystem as the next halving event approaches in mid-April 2024. The report argues for a significant departure from previous cycles, underlined by the advent of spot Bitcoin ETFs in the United States, evolving investment flows, and innovative use cases emerging within the Bitcoin network. The Essence Of Bitcoin Halvings Halvings, designed to halve the reward for mining Bitcoin transactions every four years, are pivotal in maintaining Bitcoin’s scarcity and disinflationary profile. Zhao articulates, “This disinflationary characteristic…

Market Capitalization Drops By 29% In 24 Hours

EthereumFeb 12

Surprisingly, the newly introduced Ethereum (ETH) token standard, ERC-404, made an impressive debut in the crypto market, outperforming many other digital assets. However, as Bitcoin (BTC), the dominant cryptocurrency, began to rally, investors swiftly shifted their focus to the king of crypto. Consequently, this shift led to notable price drops and market capitalization declines across the ERC-404 ecosystem and its associated tokens. From Skyrocketing Surges To Sharp Corrections According to data from CoinGecko, the ERC-404 sector has experienced a significant decline, with an overall market capitalization drop of 29% in the past 24 hours. Key tokens within this sector, including…

ERC-404 Euphoria Push Ethereum Gas Fees To 8 Month High

EthereumFeb 12

The new ERC-404 tokens have swiftly taken the spotlight, dominating the cryptocurrency market and consistently attracting interest from investors and traders. This surge in euphoria has led to a substantial increase in Ethereum gas fees, pushing costs to their highest levels in the past eight months. Ethereum Gas Fees Skyrocket Ethereum gas fees have surged to record highs, reaching unseen levels since March 2023, when the average gas price peaked at 101.26 Gwei. The sudden spike in Ethereum gas prices has been attributed to the recent hype surrounding ERC-404 tokens, an experimental token standard that enables native fractionalization of Non-fungible…

Analysts predict a price boom for Bitcoin and other cryptos

BitcoinFeb 12

Analysts predict a price surge in Bitcoin and other cryptocurrencies, including, but not limited to, ETH and XRP. This comes despite the government declaring a crypto emergency. With that said, BTC is expected to be the biggest gainer on the list, with the price estimated to surpass its ATH in the months to come. ETH, XRP, and other tokens would follow the trend. Arthur Hayes, a crypto trader, has estimated that the price could go as high as $1 million. Thereby pushing the Market Capitalization of Bitcoin closer to the $1 trillion mark. Calling the move Fed flip, Arthur has…

BAF and Arbitrum collaborate for Arbitrum Workshop Session 1

BlockchainFeb 12

A collaboration between the Blockchain Acceleration Foundation (BAF) and Arbitrum has established a procedure to scrutinize the development of decentralized applications that make use of Arbitrum’s technology. This project acts as a hands-on manual for the first Arbitrum Workshop session. The exercises were designed to provide practical knowledge related to Ethereum upgradeability, smart contract creation, and real-time implementation of blockchain services. The entire activity is centered on the even distribution of cupcakes. The exercise specifies that the first step is to set up and position the cupcake vending machine. This is followed by positioning, which requires configuring the project directory.…

Bitcoin ETFs now have $10 billion in AUM

BitcoinFeb 12

Bitcoin ETF applications were approved by the US Securities & Exchange Commission in early January this year. Speculation was that the token would experience a significant surge. That could happen in the days to come, but what has certainly happened is a rise in the AUM, which is Assets Under Management. They are currently worth $10 billion within just one month of approval. Leading the charge are BlackRock and Fidelity, with their respective products. AUM of $10 billion demonstrates that investors’ attention is undergoing a shift. Additionally, Bitcoin has begun to acquire popularity due to its reputation as a store…

Andrew Kang estimates a high $BTC demand flow this year

BitcoinFeb 12

Andrew Kang has put forward an estimate for $BTC demand flow. It comes out to be in the range of $40 billion and $130 billion. The basic foundation of the estimate is that many people continue to underestimate the wealth available for investments in the crypto market or the BTC market. Per their calculation, the annual BTC buying could come to $52 billion. This roughly translates to $150 million every day. The backdrop is that the average income of a household in the US is $105k. It moves up to $13 trillion in terms of annual income across the US,…

Analysts Signal Potential New ATH For BTC

BitcoinFeb 12

After a tumultuous 2022, Bitcoin (BTC) is poised for a remarkable resurgence in 2024, according to a consensus of industry experts. This comprehensive analysis delves into the key factors driving this positive sentiment, including the highly anticipated Bitcoin halving event, surging institutional adoption, and the introduction of spot Bitcoin exchange-traded funds (ETFs). The Halving Event: A Catalyst For Scarcity, Price Appreciation The Bitcoin halving event, scheduled for April 2024, stands as a pivotal moment in the cryptocurrency’s history. This event, occurring every four years, reduces the block reward for miners by half, effectively diminishing the supply of new BTC. This…

Ethereum Co-Founder 22K ETH Transfer Sparks Price Speculation

EthereumFeb 12

In a recent development, Ethereum [ETH] co-founder Jeffrey Wilcke’s wallet has made a notable deposit of 4,300 ETH to a cryptocurrency exchange. The deposit made by Wilcke amounts to 22,000 ETH, valued at approximately $41.1 million at the time. With Ethereum’s current price standing at $2,500, this deposit has injected renewed interest and excitement into the market. Ethereum Co-Founder Transfers 22K ETH: Impact On Price Despite this substantial deposit, the overall trend of Ethereum’s netflow remains unaffected. This deposit comes after a considerable hiatus, with the last recorded transaction from this wallet dating back to June 2023. Jeffrey Wilcke, the…

Bitcoin Nears $50,000 Milestone Again; 91% Of Addresses In Profit

BitcoinFeb 11

Bitcoin is edging closer to the $50,000 mark after a week of extreme bullish price action, a level not seen since December 2021. Amidst this price surge, the number of Bitcoin addresses in profit has now crossed over 90%. According to data from IntoTheBlock, 91% of Bitcoin addresses are currently profitable. This means the vast majority of holders and investors have an incentive to continue holding, particularly as the next halving for Bitcoin miners approaches. 91% Of Bitcoin Addresses Now In Profit As Price Nears $50,000 Bitcoin has had an eventful week in terms of price action. The world’s largest…