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.

Citi uses Avalanche to price and execute simulated FX trades

BlockchainFeb 8

Avalanche recently announced supporting Citi FX solution under project guidance. The network released an official post and tweet to inform users about the development. The post read that Citi leveraged Avalanche to test an app to price and execute bilateral spot FX trades. With Citi’s on-chain solution, users can track real-time price quotes. At the same time, the solution records simulated trade executions on the Avalanche network. It supports cryptographically and immutably secure trade data record-keeping. This application is a core part of Project Guardian, a collaborative effort by the MAS (Monetary Authority of Singapore) and the financial market. Recently,…

Analyst Predicts Bitcoin Rally To $45,000 Before Pullback

BitcoinFeb 8

Bitcoin (BTC) has started riding the recent bull market wave and rising with fresh gains after weeks of sluggish momentum, with crypto analysts predicting more potential gains for the leading cryptocurrency asset in the coming days. Bitcoin To See A Correction After Surging To $45,000 A cryptocurrency expert from Cheeky Crypto has made a daring forecast for Bitcoin. The analyst revealed his recent projections during one of Cheeky Crypto’s latest episodes on YouTube. His predictions came in light of the price of Bitcoin closing Wednesday on a positive note, leading the altcoin market as a whole with it. As the…

Bitcoin Price Targets $55,000 Following Bull Pennant Breakout

BitcoinFeb 8

The Bitcoin price has experienced a notable increase of over 4% in the last 12 hours, marking a departure from the recent lull. This movement follows a bull pennant breakout, with the price of Bitcoin now aiming for the $55,000 mark. The 4-hour (BTC/USD) chart below shows Bitcoin trading at $44,609, having just breached the confines of a bullish pennant pattern—a bullish continuation signal frequently followed by an upward price trajectory. BTC price, 4-hour chart | Source: BTCUSD on TradingView.com What This Means For Bitcoin Price The pennant, which is characterized by converging trend lines following a substantial price move,…

Bitcoin Nears $45,000 Level In Historic Price Surge Following Spot ETF Debut

BitcoinFeb 8

Bitcoin (BTC) shook off recent bearish whispers and roared back to life on Wednesday, clawing its way past $44,000 and marking a four-week high as the top crypto asset approaches the vaunted $45K level. This bullish charge was fueled by a potent cocktail of factors, from resurgent accumulation by major investors to record highs in US equity markets and a surprise regulatory shift from Thailand. Bitcoin Surges Amid Whale Activity The day began with Bitcoin hovering around $42,700, but it quickly gained momentum, reaching a peak of $44,300 – its loftiest perch since January 12th. This 2.5% surge in 24…

Bitcoin Miner Reserves Drop To June 2021 Levels, What This Means For Price

BitcoinFeb 8

Bitcoin miner reserves can often be a tell for where the market could be headed next due to their large holdings. These reserves going up or down can pinpoint how miners are looking at the market, and a drop in their reserves can be bad for the BTC price. Miners Reserves Drop By 14,000 BTC Bitcoin miners, who are responsible for confirming transactions on the blockchain and keeping the network safe, seem to be turning toward selling rather than accumulating. According to a CryptoQuant report, these miner reserves have seen a notable drop since 2024 began. Their holdings dropped by…

Bridging Language Barriers: Roblox's AI-Enabled Real-Time Translation System

MetaverseFeb 8

Day by day, hundreds of thousands of gamers worldwide come collectively on Roblox to play and create video games. With over 70 million daily active users, it’s actually a worldwide neighborhood. Nevertheless, language boundaries have at all times been a problem for gamers attempting to attach with others who converse completely different languages. However Roblox has just lately made a game-changing transfer to interrupt down these boundaries by introducing an AI-enabled real-time translation system for its Metaverse. Roblox AI Know-how In a blog post, Chief Know-how Officer Daniel Sturman defined how the platform developed an in-house giant language mannequin (LLM)…

Ethereum Dencun Upgrade Launch Boosts ETH Price, Eyes 90% Fee Reduction

EthereumFeb 7

Ethereum (ETH) has made significant strides in its 2024 roadmap with the successful launch of the Dencun upgrade on the final Holesky testnet. This is seen as a crucial step towards deploying the upgrade on the mainnet, signaling Ethereum’s progress in improving transaction efficiency, and scalability and reducing transaction fees by up to 90%. As a result, ETH has surged 2.9% in the last 24 hours, breaking its previous downtrend. Ethereum Dencun Upgrade The Dencun upgrade was first activated on the Sepolia testnet in January 2024, following its deployment on the Goerli testnet. This upgrade aligns with Ethereum’s broader strategy…

Avalanche clarifies the implications of the Durango network upgrade

BlockchainFeb 7

Avalanche has shared details about how Durango may impact different aspects of the network. Durango is a proposed update to the Avalanche network, with the launch on the Fuji testnet scheduled to go live on February 13, 2024, Tuesday, at around 11 a.m. ET. The engineering team at Avalanche Labs has already shared the pre-release code for the upgrade. It may affect staking migration, the developer’s responsibility, and Core Stake. To begin, the responsibility for managing the staking functionality has been assigned to the Avalanche Wallet. With the implementation of Durango, however, that functionality would shortly be discontinued. However, until…

Introducing Citrea, Bitcoin’s first ZK Rollup

BitcoinFeb 7

Citrea has announced that it is now live as Bitcoin’s first ZK Rollup. The idea is to enhance the capabilities of the Bitcoin blockspace by leveraging zero-knowledge technology. The challenge for users has been to scale the blockchain with the rise in demand. However, that has been inconsistent, along with insecure bridges and network construction. Simply put, current scalability proposals don’t scale Bitcoin, and that is a challenge. Resolving that is Citrea, which functions by batching thousands of transactions. It also ensures that users are not deprived of the security they deserve when executing transactions. The basic fundamental is to…

SEC puts off the Invesco Galaxy Ethereum ETF decision

EthereumFeb 7

The Securities and Exchange Commission has pushed back the date by which it will make its decision about the Invesco Galaxy Ethereum ETF. The agency had previously postponed a determination regarding the fund until December and only recently announced that legal action would be initiated. According to a filing by the SEC, the present moment is an opportunity to commence legal proceedings concerning the established regulatory amendments. The same holds true for numerous spot Ethereum ETF applications for which the SEC has granted a deadline extension. Additionally, Grayscale Investments has entered the queue. The SEC is concerned that Ethereum’s proof-of-stake…