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.

Improbable Strikes $97 Million Deal to Sell The Multiplayer Group

MetaverseDec 19

Improbable, recognized for its metaverse know-how improvements, introduced the sale of its gaming division, The Multiplayer Group (MPG), to Key phrases Studios for £76.5 million ($97.1 million). This transfer enhances Keywords Studios‘ ‘Create’ division by incorporating MPG’s intensive experience in multiplayer recreation improvement. MPG has collaborated with eminent gaming studios and publishers, together with Activision Blizzard, Bethesda, Epic, and 2K. Development and Management Born in 2018, MPG has witnessed vital progress, with a worldwide workforce that now extends to over 360 staff. Even post-acquisition, the management group, consisting of Andy Norman, Rocco Loscalzo, Vaughan O’Brien, and Roger Cheung, will proceed…

Key Factors That Bitcoin Needs To Keep Bullish Momentum

BitcoinDec 19

Amid the bearish impression circling the cryptocurrency market lately, a prominent crypto analyst has revealed a recent trend for Bitcoin (BTC), which will help bolster the continuation of its price rally. What Bitcoin Needs To Sustain And Expand Its Rally A cryptocurrency analyst known as Ali recently shared this crucial information with the entire cryptocurrency community on December 18, 2023. The analyst took to X (formerly Twitter) to highlight what Bitcoin needs to maintain its upward trajectory. Ali said the crypto asset experienced a dip in network growth over the past month, which raised concerns about the stability of BTC’s…

Supporting the Creator Economy: The Sandbox’s Move for NFT Royalties

MetaverseDec 18

NFT royalties are reshaping how creators profit financially from their work, transitioning them from one-time gross sales to sustained earnings. The Sandbox has embraced this idea, innovating its marketplace to facilitate a good and computerized redistribution of royalties. The Mechanics of NFT Royalties When an NFT is minted, creators set a royalty proportion, entitling them to a portion of the gross sales from any future resale of the NFT. This mechanism protects the creator’s mental property rights and ensures ongoing compensation. Whereas some platforms have built-in royalty programs, others depend on optionally available royalty funds, and a few don’t implement…

VanEck CEO Predicts When The Bitcoin Price Will Reach $69,000 Again

BitcoinDec 18

VanECK’s CEO, Jan van Eck, had so much to say about Bitcoin in a recent interview. One of the highlights was his prediction as to when the flagship cryptocurrency will once again hit its all-time high (ATH) of $69,000. When Bitcoin Will Hit $69,000 Again In an interview with CNBC, Jan Van Eck stated that he expects Bitcoin to hit a new ATH in the next 12 months. That means that the crypto token could reclaim its current ATH of $69,000 and possibly surpass it based on Van Eck’s prediction. Interestingly, his firm predicts that Bitcoin could witness a new…

Analyst Rates Bitcoin As The Most Promising Asset For 2024, Predicts Price Potential Of $120,000

BitcoinDec 17

Chief analyst of Singaporean exchange Bitget, Ryan Lee, has laid out some interesting Bitcoin price predictions for 2024. This forecast comes after BTC’s negative performance in the last week, where the maiden cryptocurrency declined by 4%, falling below the $42,000 price mark. Bitcoin To Trade At $120,000 In 2024 – Ryan Lee In an X post on December 17, crypto data platform Brave New Coin shared Ryan Lee’s projections for Bitcoin in the new year, which were presented in three phases. For the short term, Lee anticipates Bitcoin’s price to fluctuate between $32,000-$50,000 as determined by the outcome of the…

Bitwise Reveals Two Triggers That Will Send Bitcoin To $80,000

BitcoinDec 16

Bitwise, a crypto index fund manager, has forecasted a bullish price for Bitcoin that would take it past its current all-time high. Bitcoin is currently in a bullish sentiment, and the price has doubled this year. But according to this fund manager, this sentiment will continue into next year. In a recently released report, Bitwise predicted BTC will hit $80,000 in 2024, identifying two major catalysts that will send the crypto soaring. Bitwise Predicts $80,000 Bitcoin In its report, Bitwise laid out 10 things to look out for in the crypto industry in 2024, one of which included the crypto’s…

Massive Bitcoin Options Expiry Imminent, BTC Inflows Spike

BitcoinDec 15

A recent report has revealed an upcoming significant event that will see the expiration of a notable amount of Bitcoin (BTC) and Ethereum (ETH) options contracts. Bitcoin And Ethereum Options Contract Set To Expire Global options trading service platform Greeks.live, took to X (formerly Twitter) to share data regarding the expiration of the crypto assets. According to the platform, about 37,000 BTC options with a notional value of $1.58 billion are set to expire. In addition, Bitcoin’s current put-call ratio stands at 1.02 with a “Maxpain” point of $42,000. Meanwhile, for Ethereum, the data shows that about 268,000 options valued…

Analyst Predicts Surge To Near $4,000 Levels By Early 2024

EthereumDec 15

Renowned crypto analyst Michael van de Poppe has recently shared his insights on Ethereum potential trajectory, projecting an upward trend despite temporary pullbacks. His analysis points toward a significant rise in Ethereum’s value, suggesting a bullish market as we move into 2024. According to Van de Poppe, Ethereum’s current market movements indicate an enduring upward trend. Despite potential corrections, possibly even dipping to around $1,900, Van de Poppe remains confident about Ethereum’s robustness. Ethereum Technical Indicators: A Closer Look At The Upward Trend Delving deeper into Ethereum’s market behavior, Van de Poppe’s analysis brings attention to ETH’s “positive support and…

Cronos joins the zkSync hyper-chain network on the Ethereum

BlockchainDec 15

Crypto.com supports Cronos Chain, and the L1 network is now going live on the zkSync hyperchain network. The development takes the network live on Ethereum to embrace ZK Stack. Cronos zkEVM testnet comes with a DeFi TVL of $350 million. It has been defined as a significant scalability milestone. The overall objective is to boost mass adoption. The association entails a total of three benefits. These include access to the Ethereum ecosystem, free flow of liquidity along with users, and liberty to customize the solution. To begin with, the ecosystem’s free flow, users, and liquidity will be empowered to exchange…

Bitcoin ETFs Back in Play as Gensler Reconsiders Stance

BitcoinDec 15

Due to some court rulings not agreeing with the agency’s opinion, the Securities and Exchange Commission (SEC) has been compelled to reconsider its viewpoint regarding the spot bitcoin ETF applications. For some time now, The SEC, working under its head, Gary Gensler, has refused to grant its consent for the applications. A case in point is that of Grayscale Investments. In August 2023, the US Court of Appeals for the DC Circuit passed a ruling that mentioned that the SEC must rethink Grayscale Investments’ application related to spot bitcoin ETF. The decision was taken following Grayscale suing the SEC following…