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.

Historical Data Shows What To Expect

BitcoinNov 17

The Bitcoin open interest can often be an indication of where the BTC price might be headed next depending on whether or not the metric is rising or falling. This time around, the Bitcoin open interest has risen drastically, hitting 19-month highs in the process. Using historical data, it is possible to extrapolate what this means for the crypto’s price, especially as investors remain very bullish. Bitcoin Open Interest Surges To $17.04 Billion In an interesting turn of events, the Bitcoin open interest has been rising quickly across various exchanges. In the last 24 hours alone, this metric rose by…

Horizen launches EVM-compatible sidechain Horizen EON Mainnet

BlockchainNov 17

Horizen recently announced the launch of its EVM-compatible ecosystem, the Horizen EON mainnet. The launch marks a new milestone in Horizen’s next-gen multichain ecosystem. The announcement was made on the official X/Twitter account of Horizen. The network also released an official post to inform users about the launch. According to the post, the Horizen team is in charge of developing and powering Horizen EON. The EVM-compatible sidechain and smart contracting platform will play a considerable role in Web3. Horizen aims to provide a market-leading solution with a customizable, interoperable, permissionless, multi-chain network. Horizen EON is one of several sidechains for…

Bitcoin as an inflation hedge Analyzing the current scenario

BitcoinNov 16

The current market condition is split in half; there is speculation about interest rates being maintained and the way in which CPI will be managed. The number for the latter has been reported to be 0.3% for September 2023. The Federal Bank, on the other hand, is showing signs of not raising rates when it meets on the first date of November 2023. The idea is to bring inflation under control; however, the increase or decrease of rates ultimately affects people, especially those belonging to the lower and middle classes. The cryptocurrency market is emerging as a savior for many,…

Revenue for TRON DAO goes up by 14% in Q3

BlockchainNov 16

Justin Sun has published numbers for revenue and profit for the third quarter, with both of them meeting expectations and setting the right tone for the final quarter of 2023. Sun has said that the group has collectively registered an increase of 14% in revenue for Q3-2023. The Justin Sun group has HTX, TRON, TUSD, and Poloniex. The rise is in comparison to the previous quarter, that is, Q2-2023. The community is now confident that better times will come as they move into the next year. As for setting the tone for the fourth quarter of 2023, Justin Sun said…

How can bitcoin miners use Glassnode report to prepare for future?

BitcoinNov 16

Glassnode’s latest report analyzes Bitcoin’s price dynamics and discloses insights that could enhance your investment strategies. Glassnode’s in-depth analysis focuses on capital rotation in digital assets, an essential factor nobody pays attention to. This report introduces strong indicators to decode Bitcoin price movements. Whether you’re a seasoned trader or a novice investor, these findings are your key to unlocking the full potential of your Bitcoin holdings. Are you making the most of your Bitcoin investments, or have you ever considered Bitcoin mining’s possibility to gain massive profits? Let’s dive a bit deeper into what determines the price of Bitcoin and…

IOTA introduces Slot Commitment Chains

BlockchainNov 16

IOTA has introduced a cryptographic commitment. Slot Commitment Chains help to sync ledger data among nodes by eliminating unnecessary pieces of information and compressing imperative pieces into local snapshots. Slot Commitment Chains is live on IOTA 2.0, establishing that IOTA will continue innovating at all stages. It serves three basic functions:- Stability & integrity via dynamic availability plus fork resolution Tracing Slot Commitment Chains to the Genesis Block to sync Tangle Executing Finality at the same level It has a basic structure that is based on the fundamentals of the block header of a blockchain. The node-issued block contains Slot…

Bitcoin approaches $30k amid anticipations of ETF approval

BitcoinNov 16

Bitcoin was once trailing below the $25 mark. The token has now surged to over $29k. It was last seen trading around $29,450.28 while drafting this post. This is an increase of 3.86% in the last 24 hours, and we hope that it will bounce back to the all-time high mark after the halving process. BTC has a lot to do with the bullish sentiment and speculation that ETF approval is on the table for finalization by January 2024. Recent Surge in Bitcoin Sparks Optimism The most recent performance of BTC dates back to merely 24 hours. That duration has…

MultiversX is all set to launch xAI, a Web3 AI assistant

BlockchainNov 16

MultiversX has teased its upcoming product, xAI, to the community, highlighting that it will tentatively be rolled out in the next month. What xAI does is pretty amazing, bringing a blend of artificial intelligence and blockchain technology. It has been designed to assist users in the world of Web3. Per MultiversX, the product will enable developers to make a transition from Web2 to Web3. It leverages the potential of blockchain technology, wherein it displays the ability to learn at every stage. This includes learning new terms, concepts, and tech slang, among others. Artificial intelligence aims to eliminate the barrier of…

Bitcoin's rise above $30k Optimism in the crypto community

BitcoinNov 16

Bitcoin is above $30k at the time of articulating this piece. The community is in joy for obvious reasons. However, experts are busy decoding the mechanism that has backed this rise. One of the key elements to have come up is Fund Market Premium. The concept in itself is directly correlated to how BTC behaves. For instance, a positive premium signals that the price will rise because the sentiment among holders is optimistic. Simply put, Fund Market Premium is the difference between the market price of the financial asset and its Net Asset Value. A negative premium signals that the…

Shiba Inu redefines Shibdentity with Shib Name Service

BlockchainNov 16

Shiba Inu recently announced a new addition to Shibdentity, Shib Name Service. The service is a major step toward developing Shiba Inu’s decentralized identity platform, Shibdentity. The platform will empower users to control and own their digital identities. Shib Name Service (SNS) is bringing human-readable addresses to the ecosystem. Currently, users own wallet addresses filled with random numbers and alphabets. However, with SNS, users can get customized addresses to send and receive tokens. For instance, a perplexing address such as “0xc0c9ccg5f5411d2bbma4” can be transformed into Raymond.shib. This is not the only advantage that SNS provides, as it also facilitates: Decentralization:…