Author: NBTC

As the countdown to the highly anticipated Bitcoin halving event inches closer, Tether, the prominent issuer of USDT, has made a notable move by minting an additional one billion USDT on the Ethereum network. This maneuver by Tether comes at a crucial point, with the Bitcoin halving set to occur in mere hours, now less than 100 blocks away. The minting of one billion USDT has sparked widespread interest and speculation within the crypto community, raising questions about its potential impact on the market dynamics leading up to and following the historic Bitcoin halving. Paolo Ardoino, CEO of Tether, shed…

Chinese College student Yang Qichao’s sentencing has led to a legal debate within the regulatory laws. Leading regulatory organizations of China released a notice on token issuance in 2017. A student of Chinese Zhejiang University, Yang Qichao issued a virtual currency token BFF in 2022. After the issuance, Qichao’s uninformed liquidity withdrawal caused a crypto investor, Luo, to lose 50,000 BSC-USDT coins that he exchanged for the tokens. This pushed Luo to file a complaint with the Nanyang Public Security Bureau. Presently, Qichao is facing a 4.5 year prison time and 30,000 Yuan fine being convicted for cryptocurrency fraud. The…

BlackRock’s iShares Bitcoin Trust (IBIT) has significantly impacted the crypto market by acquiring close to $780 million in Bitcoin (BTC) over just three days. This surge in investment positions IBIT as a major influence in shaping investor sentiment and market trends. BlackRock’s IBIT Attracts Massive Inflows On Monday, IBIT recorded 0 inflow. However, the fund attracted a substantial $274.43 million on Tuesday, followed by $155.43 million on Wednesday. According to data from SoSoValue, it had drawn an additional $350 million on Thursday. Consequently, this week’s total inflow for IBIT approached $780 million. Recently, BlackRock’s iShares Bitcoin Trust reached a new…

Ever since the launch of Bitcoin ETFs in January, the crypto industry has been eagerly waiting for the US Securities and Exchange Commission’s nod regarding Ethereum. Finally, in May, as all hopes were fading, the commission decided to approve the 19b-4 forms for spot Ether ETFs. According to Taha Abbasi, CTO at Ferrum Labs, the decision is pivotal and is expected to be another step towards mass adoption. “It proves to the world that L1 and related assets are indeed functioning as intended and are now recognized by governing authorities as well,” Abbasi told crypto.news. The sudden but highly anticipated…

The founder of the Telegram messenger, Pavel Durov, spoke about the future of the TON cryptocurrency. At the Token2049 conference in Dubai, Durov explained how ordinary Telegram users can use Toncoin (TON). Starting on April 19, the first payments in TON for advertising to Telegram channel administrators will begin. In addition, starting next week, users will be able to leave tips to administrators in TON, with content makers receiving a portion of the income. Buying and selling stickers in TON as NFTs will also be possible, and sticker artists will receive 95% of the proceeds. Telegram will also have mini-applications…

Cryptocurrency entrepreneur Roger Ver, also known as “Bitcoin Jesus,” has been released on bail in Spain after posting a €150,000 bail. According to a Bloomberg report, Ver was permitted to leave jail May 17, on condition that he hand in his passport and remain in Spain pending a decision on his extradition to the U.S., where he faces $50 million tax evasion charges. Ver must also report to court every two days. Ver was arrested by Spanish authorities in April, after the U.S. Department of Justice (DOJ) unsealed an indictment alleging that he had evaded paying almost $50 million in…

Bitcoin (BTC) has recently experienced a significant boom, reaching over $71,000 due to positive macroeconomic indicators and rising interest from institutional investors. This surge, the longest in three months for the cryptocurrency, stems from anticipation of potential rate cuts by the Federal Reserve. Such adjustments could favor speculative assets like Bitcoin. Institutional Confidence Bolsters Bitcoin’s Resurgence Market optimism has grown regarding the Federal Reserve’s potential lowering of interest rates this year. Traders now see a higher likelihood of a rate cut as early as November. This shift follows reports indicating slowing US inflation and a weaker jobs market, alongside notable…

The price of Ethereum (ETH) is consolidating above the $3,730 breakout level and continues its uptrend. Long-term analysis of the Ethereum price: bullish Since May 21, the bulls have held above the $3,700 support but have not been able to continue the uptrend above the $4,000 high. Ether’s price behavior is dominated by doji candlesticks, which explains the reluctance of traders. The price has held steady above the support level of $3,800. A price rise above the $3,800 support level will drive the altcoin to a high of $4,200. The bullish momentum will continue to the high of $4,800. However,…

Shortly after Pavel Durov finished his speech at TOKEN2049 in Dubai, Toncoin (TON), a core cryptocurrency of Telegram messenger, ended its spectacular seven-week rally. Toncoin (TON) loses 12% in minutes: Dissapointment? Toncoin (TON), a Telegram-associated altcoin, suddenly drops from $7.2 to $6.3 on major spot exchanges in no time. As such, the overhyped altcoin ended its triple-digit rally and lost 12.5% of its value in less than 30 minutes. This drop erased $1.14 million in TON/USDT long positions on futures trading platforms. Since the start of its rally in late February, TON’s price added 141%. The cryptocurrency plummeted despite a…

A former aide to Nigel Farage, who was previously convicted of wire fraud and allegedly found to be the owner of an illegal crypto ATM, was apparently filmed alongside the far-right politician when he was ‘milkshake’d’ on Tuesday. Financier George Cottrell — also known as ‘Posh George’ — appeared to be among Farage’s entourage at the Reform Party’s campaign launch in Essex when a member of the crowd threw a milkshake at the former UK Independence Party (UKIP) leader. This was the second milkshake thrown in the politician’s face. Cottrell was in his 20s when he took up a position…