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.

Polygon announces Type-1 upgrade to the zkEVM prover

BlockchainFeb 9

Polygon Labs, in partnership with Toposware, has revolutionized technology by introducing a Type 1 Prover that utilizes the zkEVM polygon. Such phenomenal advancements in blockchain technology enable any EVM chain to transition into a ZK L2 network and is integrated into the entire Polygon ecosystem via its Aggregation Layer without requiring complex integration. This discovery has the potential to revolutionize blockchain by lowering transaction fees, increasing transaction processing efficiency, and improving user experiences across all Polygon CDK (Chain Development Kit)-developed chains. The release of the Type 1 zkEVM prover marks a huge step forward in blockchain development, especially because it…

Bitcoin Breaches $46,000, Eyes $50K As Bullish Sentiment Returns

BitcoinFeb 9

For the first time since the spot ETFs’ debut trade on January 11, Bitcoin (BTC) has surpassed $46,000. According to data from Coingecko, BTC had increased 3.4% in the previous day to $46,075 at the time of publication, maintaining a 6% increase over the previous seven days. Bitcoin Flexes Muscles, Reclaims $46K Level Despite the approval of several eagerly awaited exchange-traded funds that were meant to strengthen its institutional legitimacy, Bitcoin’s 2024 has had a rough start. However, things are improving as Bitcoin is now again trading above the $46k territory. Laurent Ksiss, a specialist in crypto Exchange-Traded Products (ETPs)…

Prometheum's Ethereum Custodial Launch Puts SEC's ETH Classification In The Spotlight

EthereumFeb 9

Prometheum, an “alternative” trading platform for crypto “securities” assets, has recently announced the launch of its custodial services for Ethereum (ETH). This move has significant implications for the legal status of the second-largest cryptocurrency by market capitalization. Fortune Magazine reported that the company’s strategy is to compel regulators, particularly the Securities and Exchange Commission (SEC), to recognize Ethereum as a security. SEC Pressured To Settle Ethereum Legal Status Per the report, Prometheum, based in New York, has positioned itself as a compliant player in the crypto industry by claiming to have discovered a path to operate within existing laws. The…

Ethereum Staking Reaches Historic Milestone As ETH Price Barrels Past $2,400

EthereumFeb 9

Ethereum staking has been ramping up despite the poor performance of the ETH price over the past year. Liquid staking protocols such as Lido Finance have continued to see the amount of ETH being staked rise, and as a result of this continued interest in staking ETH, the total amount of supply that has been locked so far has reached a new all-time high. 25% Of All ETH Are Now Staked In an interesting turn of events, the total percentage of ETH supply that is being staked has crossed the 25% mark. This was made public by Lido Finance, which…

Crypto Analyst Predicts Bitcoin To $100,000 But Says Cardano Is Dead, Here’s Why

BitcoinFeb 8

Tom Dunleavy, Partner and Chief Investment Officer (CIO) at MV Capital, recently elaborated on the reason for his price predictions for Bitcoin and Cardano. As part of his predictions, the crypto analyst had, at the beginning of the year, stated that Bitcoin was going to hit $100,000 soon enough. Why Bitcoin Will Rise To $100,000 In an interview with Scott Melker, Dunleavy alluded to the Bitcoin Halving as the reason why he believes Bitcoin will hit $100,000. Interestingly, he stated that this prediction was a “bit light” if the past post-halving numbers are to be considered. He noted how Bitcoin’s…

This Metric Points To Further Upside

EthereumFeb 8

On-chain data shows an Ethereum metric is giving a bullish signal as the cryptocurrency’s price has broken past the $2,400 barrier during the past day. Ethereum Has Continued To Leave Exchanges Recently In a CryptoQuant Quicktake post, an analyst explained the recent relationship between the Ethereum price and data of the exchange netflow indicator. The “exchange netflow” here refers to a metric that keeps track of the net amount of the asset entering or exiting out of the wallets of all centralized exchanges. The indicator’s value is calculated by subtracting the outflows from the inflows. When the flow has a…

Fidelity's quarterly report sees Bitcoin and Ether as promising

BitcoinFeb 8

Fidelity has published its quarter breakdown, showing how the market may react for Bitcoin and Ethereum. Per that report, the short and long term outlook is positive. The conclusion reflects sentiments as of the end of 2023. It does, however, consider the upcoming Bitcoin Halving, emphasizing how it may boost the price of BTC. For ETH, it is likely to rely on the next upgrade, which is scheduled to happen in 2024. Bitcoin rose by ~154% by the end of 2023 and is now up by 92.63% in the last 12 months. Bitcoin halving will programmatically occur in April to…

Boom to bust or moon landing? The price volatility of Bitcoin explained

BitcoinFeb 8

The launch of Bitcoin dates back to January 2009. It is credited to the efforts of Satoshi Nakamoto. While the actual identity of Nakamoto remains a mystery, it is becoming clearer every day that the goal is to have a decentralized and digital currency for people across the world. One of the few drawbacks that it has been experiencing pertains to volatility. This is evident from the most recent fall to a value of less than $40,000 hours after it surpassed the milestone of $47,000. That raises the question of whether Bitcoin is headed toward a new height or if…

BNB Beacon Chain (BEP2) will cease in a few months

BlockchainFeb 8

The BNB Beacon Chain (BEP2) is expected to collapse within the following months completely. Binance assists users by providing support for the BEP2 network and facilitating the transition process. The project team formally proclaimed this in January of 2024. Binance has proactively established connections with all registered projects with tokens listed on the BEP2 network. The objective is to determine whether or not they effectively commence a continuous shifting procedure in the presence of their token holders. Users are strongly advised to deposit BEP2 Binance-pegged tokens, or B-tokens, into their Binance accounts before the BEP2 network goes offline. After the…

Bitcoin Price Jumps Above $44,000, Here Are The Factors Driving It

BitcoinFeb 8

Bitcoin is back above $44,000 for the first time since the Spot Bitcoin ETFs were approved for trading in January. This price surge is believed to be due to several factors that have played out in favor of the bulls in recent times. BTC Whales Accumulate More Bitcoin Citing data from Glassnode, crypto analyst Ali Martinez revealed recently that Bitcoin whales have been accumulating more BTC, with around 73 new addresses now holding 1,000 BTC or more. This figure is said to mark a 3.66% increase in the last two weeks, thereby continuing the accumulation trend. NewsBTC had previously reported…