Author: NBTC

David Bailey, CEO of BTC Inc., the owner of Bitcoin Magazine, is planning to launch a publicly traded bitcoin (BTC) investing company, The Information reported, citing people familiar with the matter. Bailey, who advised Donald Trump on crypto policy during his 2024 presidential campaign, is reportedly seeking $200 million through a private share sale and an additional $100 million in convertible debt to fund a small publicly traded firm to buy bitcoin. The company—whose name is not known yet—will merge with BTC Inc. and be named “Nakamoto” after bitcoin creator Satoshi Nakamoto, according to the people. The deal could be…

Ethereum cofounder Vitalik Buterin has outlined a key growth trend in the blockchain’s layer-2 (L2) protocols. The trend involves the frantic push to transition from Stage 0 to a higher-acclaimed class. This disclosure comes ahead of the Ethereum Pectra upgrade scheduled for May 7. Key stages in Ethereum L2 growth In a recent blog post, Buterin detailed the dynamics of the security council and outlined three key stages of Ethereum roll-up security: stage 0, stage 1 and stage 2. According to Buterin, the security council has full control at stage 0. The proof system is “advisory only” at this stage…

Hidden Road, a prime broker that focuses on crypto and traditional assets, which recently agreed to be acquired by Ripple, is opening an office in Abu Dhabi, according to two people with knowledge of the matter. The office will be led by James Stickland, a partner at the firm, said the people, who spoke on condition of anonymity because the matter is private. Hidden Road confirmed the plans. The company has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM, Hidden Road said in a press release shared with CoinDesk on Thursday. A member of the…

The leading Senate Democrat on a panel tasked with investigating corruption and mismanagement is scrutinizing U.S. President Donald Trump’s recent crypto activities and whether they’re part of a “pay-to-play scheme to provide access to the Presidency to the highest bidder.” Richard Blumenthal, the ranking Democrat on the Senate Permanent Subcommittee on Investigations — a panel housed within the Committee on Homeland Security and Government Affairs — wrote letters to Bill Zanker of Fight Fight Fight LLC and Zach Witkoff, a co-founder of World Liberty Financial on Tuesday, asking them a series of questions about the ownership and investment structure for…

Ethereum’s second-largest staking protocol, SSV Network, has just rolled out the SSV2.0 testnet—and it could be one of the most important shifts in validator infrastructure since staking went live. —SSV2.0 introduces a new concept: Based Applications (bApps). These bApps allow developers to source security directly from Ethereum’s L1 validator set, slashing costs and making it possible to build secure, scalable applications without relying on the capital-heavy constraints of restaking. The result? A more inclusive, cost-efficient path to Ethereum innovation that could bring new utility, rewards, and momentum to the network. “Based applications unlock a new era of decentralised innovation, where…

The Federal Reserve may not cut interest rates any time soon, but when it does, the easing could be aggressive, according to Dutch investment bank ING. On Wednesday, the Fed kept the benchmark rate on hold between 4.25% and 4.5%, with Chairman Jerome Powell raising the specter of stagflation during the press conference following the announcement. Both crypto and traditional markets looked to Powell for cues on a potential rate cut in June. ING points to his comments that “uncertainty about the economic outlook has increased” and the “risks of higher unemployment and higher inflation have risen” as evidence the…

The Inter Milan fan token (INTER) experienced a 20% price surge to $1.24 after Inter Milan clinched a spot in the UEFA Champions League final, beating FC Barcelona by 7-6 on aggregate in the semi-final tie. Although the coin’s price corrected to $1.15, it is still up 2.37% intraday, according to Coingecko data. INTER has gone up by over 32% in the last seven days, owing to the belief from fans that the Nerazzurri would head to the final for the second time in three seasons. Inter lost to Manchester City in the 22/23 European season by 1-0. Rodrigo scored…

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) was one of the longest and most talked-about crypto cases in recent years. In April 2024, Ripple CEO Brad Garlinghouse said the SEC had agreed to drop the case — just like it had done with other crypto companies. However, unlike those other cases, the SEC has not officially confirmed that it is ending the Ripple lawsuit. Even so, many in the XRP community are already celebrating, thinking the case is over. But a pro-XRP lawyer warned that it’s not finished yet. He explained that some legal…

Boop.fun was all the rage in the past week, attempting to take the crown of Pump.fun as the next big Solana meme launchpad. Within days, the creation of tokens slowed down significantly, despite the heavy promotion. Boop.fun launched with flying colors and big promises as the second meme launchpad on Solana. The platform offered additional perks missing on Pump.fun, such as profit-sharing. On the first day after its launch, Boop.fun created 10,877 tokens, of which 154 graduated to DEX. This activity level resembled Pump.fun on one of its weaker days, but has been the best day for Boop.fun so far.…

Bitcoin (BTC) is fast closing on the $100,000 mark as U.S. President Donald Trump teased a major trade deal, with reports suggesting it could be with the U.K. The upswing in prices is consistent with the cryptocurrency’s broader bullish technical setup and buoyant risk sentiment in traditional markets. As of this writing, the Asian stocks traded higher, with the futures tied to the S&P 500 up by 0.6%. Still, a couple of factors suggest the $100,000 breakout may not be a smooth ride. WSJ pours cold water over optimism Firstly, as per the Wall Street Journal, the big trade deal…