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.

Opportunities for Artists and Creators at Decentraland Music Festival 2023

MetaverseSep 26

Decentraland, the user-owned digital platform, is gearing up for its annual Music Pageant slated for November 2023. Constructing on the success of the previous three years, the pageant goals to showcase a variety of reside music occasions. The primary attraction is scheduled to unfold from November 16 to 18. This yr, the pageant adopts the “Rebirth & Regeneration” theme, providing an area for artists and the digital neighborhood to converge in a artistic Metaverse celebration. Alternatives for Artists and Creators Artists seeking to take part on this transformative expertise can submit their purposes to be featured in the principle pageant…

Market Analysts Outline When The First Spot Bitcoin ETF Will Be Approved

BitcoinSep 26

In a recent development, analysts at asset management firm Bernstein have predicted when the US Securities and Exchange Commission (SEC) will likely approve the first Spot Bitcoin ETF. When Will The First Spot Bitcoin ETF Be Approved? According to the analysts, the pending Spot Bitcoin ETF applications could be approved early next year. They made this projection in line with the recent court ruling in the Grayscale case, which they believe could force the SEC’s hands. The court had ruled in favor of Grayscale in a case in which the asset manager argued that the Commission had acted arbitrarily and…

From Banks To Hedge Funds

BitcoinSep 26

With anticipation around Bitcoin ETFs from giants like BlackRock, Fidelity, and Invesco, and an expected halving in April 2024, forecasts for Bitcoin’s price next year show a significant range. From JPMorgan to Standard Chartered Bank, here are the most notable estimates for 2024: Pantera Capital: $150,000 In their August “Blockchain Letter”, Pantera Capital, led by Dan Morehead, predicts a possible rise to $147,843 post the 2024 halving. Employing the stock-to-flow (S2F) ratio, they believe the price model suggests the valuation of Bitcoin against its scarcity will become more pronounced. Specifically, Pantera Capital stated, “The 2020 halving reduced the supply of…

Hitachi Leverages Metaverse and VR for Next-Generation Workforce Training

MetaverseSep 26

Japanese conglomerate Hitachi has unveiled a pioneering coaching program, remodeling the way in which staff purchase and hone their expertise. By harnessing the ability of the metaverse and digital actuality (VR) expertise, Hitachi is about to redefine workforce improvement in a fashion that’s each immersive and dynamic. Bridging the Concept-Apply Divide Hitachi goals to bridge the hole between theoretical information and sensible software. Workers will probably be immersed in digital environments that mirror real-world situations, offering them with a platform to use their information in a managed but life like setting. This strategy enhances proficiency and instils confidence in tackling…

SEC objects to Coinbase’s proposed role in Celsius bankruptcy plan

RegulationSep 26

The U.S. Securities and Change Fee (SEC) on Sept. 23 filed an objection to a part of a reorganization plan superior by bankrupt crypto agency Celsius. That submitting signifies that Celsius goals to have the crypto trade Coinbase act as a distribution agent and return funds to former customers affected by its collapse. To that finish, Celsius is looking for approval of a associated settlement in chapter courtroom. Nonetheless, the SEC contends that the position Coinbase is predicted to play, as per the submitting, surpasses the everyday duties of a distribution agent. The regulator additionally highlighted inconsistencies: Celsius has said…

Ethereum Funding Rates Turn Deep Red, What Does It Mean?

EthereumSep 25

Data shows the Ethereum funding rates have been quite negative in recent days. Here’s what this could mean for the cryptocurrency’s price. Ethereum Funding Rates Have Been Under The Zero Mark Recently As explained by an analyst in a CryptoQuant post, a short squeeze may be a possibility for the asset currently. The “funding rate” is an indicator that keeps track of the periodic fees that traders on the futures market are exchanging with each other. When the value of this metric is positive, it means that the long contract holders are paying a premium to the short holders right…

Number Of Ethereum Addresses Losing Money Just Reached A New All-Time High

EthereumSep 25

Ethereum holders have been subject to uncertainty over the last few months as bulls and bears have struggled for control. With the bears winning at a much higher rate than the bulls, Ethereum holders have found their holdings have continued to lose value. This time around, the plunge has sent the number of investors losing money to a new all-time high. Number Of Ethereum Addresses In Loss At ATH On-chain data tracker Glassnode Alerts on X (formerly Twitter) has revealed a shocking development regarding Ethereum addresses. According to the tracker, the number of addresses seeing losses on a 7-day moving…

Crypto Analyst Says Prepare For 100% Increase In Bitcoin Price As Historical Pattern Forms

BitcoinSep 25

Last week was a quiet one for Bitcoin, as the US dollar continues to gain ground in the foreign exchange market. Price action, in particular, has had Bitcoin breaking below the $26,500 support, indicating a potential risk of more losses below the $26,000 support in the near term. Some analysts, however, are still betting on a new Bitcoin bull run in the near future. According to crypto analyst “Titan of Crypto”, the Bitcoin price is poised for a huge surge over the next year that could see it double in value or more. Crypto Analyst Predicts 100% Bitcoin Price Increase…

Will Bitcoin Drop To $20k? EURUSD Correlation Indicates It Might

BitcoinSep 25

In recent discussions surrounding Bitcoin (BTC) and its potential future price trajectory, crypto-enthusiasts and analysts alike are finding new correlations to dissect. Most notably, a correlation with the EURUSD pair (the euro against the US dollar) has come into the spotlight due to a Twitter thread by esteemed analyst Josh Olszewicz. Olszewicz begins by setting the stage, drawing attention to the widely acknowledged inverse correlation between Bitcoin and the DXY (US Dollar Index). He notes, “Most are aware of the strong historic BTC-DXY inverse correlation. DXY is a USD index against a basket of currencies which has a EURUSD weighting…

Ethereum Founder Vitalik Buterin Reveals The Challenges Of The Network

EthereumSep 25

The Ethereum blockchain is notable for its smart contract functionality and various other things. However, many might not be conversant with the challenges the network encounters. In a recent interview, Ethereum’s founder, Vitalik Buterin, revealed the biggest of them all. Ethereum’s Biggest Challenge Speaking with CNBC, Buterin mentioned that the biggest challenge that the “Ethereum ecosystem” faces is ensuring that it builds products that provide value to its users. According to him, the last decade was test-running, but now Ethereum needs to provide utility. Ethereum is known to host some of the biggest decentralized applications (dApps), including prominent decentralized exchanges…