Crypto, markets and policy.
NBTCNEWS
Home»Author: NBTC(Page 8981)

Author: 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.

Music in a Whole New Way: Napster Virtual Hangouts powered by Terrazero

Metaverse

Napster, the famend impartial music streaming service, has partnered with TerraZero, a digital world know-how firm. This collaboration goals to combine immersive Napster virtual hangouts into its platform, providing a brand new approach for artists and followers to work together and expertise music. Introducing the First Digital Hangout with Artist Ric Wilson Napster customers can now entry artist Ric Wilson’s custom-designed digital hangout house by means of this partnership. Followers can join and hearken to his music in a novel digital atmosphere. This providing is a primary of its sort on a music DSP (digital service platform). To prime it…

Here Are The Most Bullish Predictions For ETH Price As Ethereum Dominance Rises Against Bitcoin

Ethereum

The sentiments around Ethereum look to be very bullish at the moment as the second-largest crypto token by market cap has seen its dominance surge against Bitcoin. Ethereum’s rise against the flagship crypto token is also significant, as crypto analyst Jaydee recently suggested that it could usher in the altcoin season. Bullish Predictions For Ethereum’s Price Crypto analyst Ali Martinez recently highlighted the fact that Ethereum broke out from an ascending triangle on the weekly chart. According to him, the crypto token has its eyes on the $3,400 price level despite the short-term volatility. Backing Ali’s analysis, crypto analyst Mayne…

Volumes Surge $10 Billion 3 Days

Bitcoin

Bitcoin Spot Exchange-Traded Funds (ETFs) have once again garnered the attention of crypto enthusiasts and investors as the products have witnessed a whopping $10 billion in total trading volume in the first three days of trading. Bitcoin Spot ETF Sees Significant Uptick In Day 3 Trading The development was revealed by Bloomberg Intelligence analyst James Seyffart on the social media platform X (formerly Twitter). The information shared by the analyst demonstrates a firm desire for exposure to digital assets via regulated financial markets. Seyffart’s X post delves in on the data from the “Bitcoin ETF Cointucky Derby.” According to the…

Traders Make $579 Million Run On The Fund

Bitcoin

Grayscale, an American digital asset management company, has witnessed a staggering amount of outflows in its Spot Bitcoin ETF, Grayscale Bitcoin Trust (GBTC). Analysts speculate that the outflows may be linked to several factors, including high trading fees and accounting irregularities. Grayscale Experiences Massive Outflows After successfully securing approval for its Spot Bitcoin ETF against the United States Securities and Exchange Commission (SEC), Grayscale experienced steady inflows in its GBTC. However, recent reports suggest that the company’s gains may have been premature, as Grayscale’s GBTC recently experienced a significant outflow of approximately $594 million. According to James Seyffart, a Bloomberg…

BitTorrent Chain considers its accomplishments from 2023

Blockchain

BitTorrent Chain, a collaborative project between BitTorrent and TRON, has reflected on its achievements in 2023. For starters, BitTorrent has highlighted that they have been able to keep the market cap steady while keeping the total volume locked to a new peak with a growth of 33.61%. The value amounts to $16.06 million based on the year to date. BitTorrent has ventured out to explore the DeFi segment, which is decentralized finance. It has, so far, integrated several projects into the mainstream. This includes the likes of SpookySwap, Sushi, and Kyberswap. That said, BitTorrent is confident about its upcoming projects,…

Ethereum thrills in crypto space

Ethereum

Ethereum is among the top cryptocurrencies in digital assets and plays a key role in leveraging various sectors and industries worldwide, including the crypto space. In fact, Ethereum’s standing is next to that of Bitcoin, the leading cryptocurrency today, in terms of market capitalization. While its use has been remarkably growing in finance, it is also broadly gaining traction in the gaming sector, resonating with ETH gambling enthusiasts. As our article is based on the theme of Ethereum thrills in the crypto space, we will explore how this second most popular cryptocurrency transforms the space of crypto and the irresistible…

Bitcoin Has A New Prime Trading Hour

Bitcoin

The crypto trading landscape is witnessing a paradigm shift with the recent introduction of spot Bitcoin ETFs in the United States, catalyzing a new wave of trading dynamics. Bloomberg analyst James Seyffart revealed that the total trading volume of the US spot Bitcoin ETFs over a span of the first three days approached the $10 billion mark. This substantial volume was predominantly led by Grayscale’s GBTC, with a three-day trading volume amounting to $5.174 billion, followed by BlackRock’s IBIT at $1.997 billion, and Fidelity’s FBTC at $1.479 billion, cumulating to an aggregate trading volume of approximately $9.771 billion. Update on…

Bitcoin Backs Down: Ethereum Market Dominance Soars

Ethereum

Amidst the lull in the realm of Bitcoin, Ethereum emerges as a trailblazer, confidently charting its course. While the crypto king takes a breather following its ETF approval, Ethereum, undeterred, is experiencing a surge in both price and dominance, propelled by an influx of new users and the prevailing trend of self-custody. Recent data from Santiment vividly illustrates Ethereum’s ascendancy. The platform’s price dominance, reflecting its market share in comparison to all other cryptocurrencies, has witnessed a remarkable surge of 22.4% within a mere week. Ethereum’s Remarkable Surge: Growing Community, Strong On-Chain This surge is not merely a passive spectacle;…

Crypto Community Raises Alarm Over Coinbase's Dominance Of Bitcoin Held In Spot ETFs

Bitcoin

Coinbase, the largest cryptocurrency exchange in the United States, is presently serving as the custodian of the majority of the Spot Bitcoin ETFs managed by various asset management companies in the industry. This notable concentration is raising worries in the crypto community about significant centralization and potential risks associated with the custodianship. Coinbase Dominate ETFs As Major Custodian Coinbase’s significant role in the advancement of Spot Bitcoin ETFs has become a target of scrutiny in the crypto community. The American crypto exchange is currently the custodian of 9 out of 11 Spot Bitcoin ETF companies, including BlackRock, Grayscale, Ark/21 Shares,…

Ethereum Trouncing Bitcoin, ETH/BTC Ratio Bouncing Higher: Will This Trend Continue?

Ethereum

Amidst a volatile crypto market, Ethereum (ETH) is gaining momentum, outperforming its long-time rival Bitcoin (BTC). According to Kaiko data, the ETH/BTC ratio has steadily risen, rebounding from multi-year lows. ETHBTC ratio trend | Source: Kaiko on X ETH/BTC Ratio Rising, ETH Momentum Building The ETH/BTC ratio technically gauges market sentiment towards these two leading crypto. The recent rebound indicates investors are increasingly bullish on Ethereum’s potential relative to Bitcoin. This upward trajectory is fueled by growing optimism surrounding the potential approval of spot Ethereum ETFs and the general confidence that markets will trend higher in 2024. The prospect of…