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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.

Bitcoin

Bitcoin Rally Sustainable? On-Chain Data Provides Crucial Insights

By NBTC

Bitcoin has been trending up since hitting a local low below $25,000 on September 11th. Yesterday’s rally to $27,435 marked a 10% increase from the recent low. As NewsBTC reported, the rally was largely led by the futures market and a massive increase in open interest of over $1 billion, more than half of which was flushed out when BTC fell back below $27,000. Despite this, BTC is up around 7.5% from last week’s low. A reason to be bullish? Glassnode Report Sheds Light On Market Sentiment According to Glassnode, the Realized HODL Ratio (RHODL) serves as a crucial market…

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Ethereum

Ethereum ICO Participant Moves $9.96 Million Of ETH To Kraken. Will He Sell?

By NBTC

An Ethereum initial coin offering (ICO) participant and one of the earliest supporters of the smart contract platform has moved 6,000 ETH worth $9.96 million to Kraken, a cryptocurrency exchange, recent data from Lookonchain on September 18 reveals. The unidentified whale received 254,908 ETH when each traded for 40.31 during the crowdfunding in 2014. This amount is currently worth over $466 million at spot rates. ETH whale transfer: Etherscan Ethereum Whale Transfers Over $9.96 Million To Kraken The anonymous nature of public blockchains, including Ethereum, makes it harder to decipher the owner’s identity. Determining whether an entity or an individual…

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Bitcoin

Why Is Bitcoin Price Up Today? BTC Climbs Above $27,000

By NBTC

The Bitcoin price is sustaining its bullish momentum from the previous day. Today, it surpassed the $27,000 threshold, a level not seen since August 31. Notably, BTC recorded its first green weekly closing candle in five weeks yesterday. As of press time, the Bitcoin price has reached an intra-day high of $27,267. Why Is Bitcoin Price Up Today? One major indicator that has captured analysts’ attention is the rapid increase in Open Interest. DaanCrypto, a noted figure in the crypto space, commented on the Open Interest of Bitcoin: “Bitcoin Open Interest has been ramping up like crazy these past few…

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Metaverse

A Step Towards Global Medical Metaverse Collaboration

By NBTC

Final week, the working room at Shwe La Min Hospital turned the positioning of a notable occasion within the medical area. There was a centered exercise as professionals assembled to discover a brand new frontier in international healthcare collaboration by means of know-how facilitated by the Metaverse. The Veyond Join platform by Veyond Metaverse served because the central software on this experiment, aiming to foster collaboration between surgeons located in Yangon and Paris. This know-how did extra than simply hyperlink Shwe La Min Hospital in Yangon with surgeons in Paris; it just about positioned them in the identical room, permitting…

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Ethereum

Ethereum Holesky Testnet Already Seeing Issues, What’s Wrong This Time?

By NBTC

In a rare lapse in technological expertise, the recently unveiled Ethereum testnet, Holesky, failed to launch after developers discovered flaws in the testnet’s design. Ethereum Holesky Testnet Riddled With Misconfigurations The crypto community and Ethereum enthusiasts are presently waiting for the return of Ethereum’s Holesky testnet which was scheduled to launch on Friday, September 15. The Holesky testnet which was created to replace Ethereum’s Goerli testnet after its deprecation in 2024 encountered an unexpected technical hiccup on the day of its release. The release date marked a significant date in the Ethereum community’s history, commemorating the one-year anniversary of Ethereum’s…

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Regulation

US Government Slams Sam Bankman-Fried’s Lawyers for Proposed Questions to Court Jurors

By NBTC

The US Authorities is countering the attorneys of former FTX chief government Sam Bankman-Fried, saying that they’re asking jurors “unnecessarily intrusive” questions. In a brand new submitting, Bankman-Fried’s legal professionals proposed asking jurors varied questions, corresponding to in the event that they’ve ever heard of the previous CEO or his corporations, shaped opinions on him or the companies or in the event that they’ve already determined if he’s responsible or not. The questions had been a part of the voir dire course of, which is a preliminary examination into the fancy of the jurors. In a separate submitting, the US…

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Bitcoin

Glassnode Co-Founders Weigh In On Bitcoin (BTC) Path To $30,000

By NBTC

Bitcoin has had an eventful week, gaining by over 5% to trade above the $26,000 price. Even following the release of the US Consumer Price Index, which showed an inflation rise of 0.6%, the premier cryptocurrency remained resilient with little to no price drops. As BTC now hovers around the $26,500 price mark, market analysts and crypto enthusiasts continue to speculate on the token’s next movement. Notably, co-founders of market intelligence platform Glassnode Jan Happel and Yan Allemann have plotted a possible path through which Bitcoin may return to $30,000 in the coming weeks. Bitcoin’s Road To $30,000 Marked By…

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Bitcoin

Ethereum Surges Ahead Of Bitcoin In Active Addresses, What Does This Mean?

By NBTC

Since its inception, Ethereum has continuously been compared to Bitcoin with the former being hailed as a better option to the latter in some cases. As the years have flown by, the competition has gotten even fiercer, especially with ETH growing rapidly. Eventually, Ethereum seems to be catching up with Bitcoin, especially in terms of active addresses. Ethereum Active Addresses Surpass Bitcoin On Thursday, September 14, on-chain data tracker Santiment revealed a surprising update on the fierce rivalry between Bitcoin and Ethereum. In the X post, the tracker revealed that the number of unique addresses that were transaction on the…

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Ethereum

Holesky Testnet Takes Flight On Merge Anniversary Amidst Ethereum 30-Day Slump

By NBTC

One year has passed since the Ethereum (ETH) Merge, which marked the integration of Ethereum’s proof-of-stake (PoS) Beacon Chain with the Ethereum Mainnet. This significant milestone facilitated the transition of the Ethereum blockchain from the legacy proof-of-work (PoW) system to a PoS model, giving rise to Ethereum 2.0. The completion of the Merge on September 15, 2022, brought about a major shift in Ethereum’s energy consumption, with an expected reduction of 99.95%. Additionally, this transition opened up new possibilities for scaling the Ethereum ecosystem. The merge involved migrating the entire blockchain to new PoS validator nodes, which require participants to…

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Regulation

US Commodities Regulator Shouldn’t Launch Enforcement Actions Against DeFi Protocols, Says Coinbase CEO

By NBTC

Coinbase CEO Brian Armstrong says the U.S. Commodity Futures Buying and selling Fee (CFTC) shouldn’t be issuing warnings towards decentralized finance (DeFi) protocols. Final week, the CFTC introduced that it charged DeFi protocols ZeroEx, Opyn and Deridex for providing unlawful derivatives buying and selling. The regulator says it additionally ordered the three companies to pay financial penalties and to stop and desist from violating the Commodity Alternate Act (CEA) and different CFTC rules. Armstrong, nonetheless, argues that these tasks should not monetary companies companies and says “it’s extremely unlikely the Commodity Alternate Act even applies to them.” “My hope is…

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