Author: NBTC

FTX, the once-prominent cryptocurrency firm, is ready to start paying back its major creditors by the end of May. After gathering a massive $11.4 billion since its collapse, the cryptocurrency firm is ready to begin making significant payouts as per a latest report from Bloomberg. While smaller creditors with “convenience claims” have already received payments, FTX will begin paying its major debt holders on May 30, according to bankruptcy lawyer Andrew Dietderich, who informed the judge overseeing the Chapter 11 case. The main creditors of FTX are investors who are owed millions of dollars, along with institutions that had cryptocurrency…

In a significant development, Maryland State Delegate Caylin Young has introduced “Strategic Bitcoin Reserve Act of Maryland.” The latest move reflects a growing trend among U.S. states to diversify their financial assets into digital currencies, recognizing Bitcoin’s potential as both an investment and a hedge against inflation. JUST IN: Maryland State Delegate Caylin Young introduces “Strategic Bitcoin Reserve Act of Maryland” 🇺🇸 pic.twitter.com/gygW5iIfz5 — Bitcoin Magazine (@BitcoinMagazine) February 7, 2025 Notably, Maryland is proposing to create a Bitcoin Reserve Fund, which would be used as a reserve asset for the state by investing in Bitcoin. Additionally, it would allow the…

This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Greetings, and happy 41st birthday to Ross Ulbricht! By now, rehashing the Silk Road timeline — from a secret psychedelics lab in an off-the-grid Texas cabin to a global clandestine operation with half a dozen employees — doesn’t seem totally useful. Besides, long-time Bitcoin History readers have already walked through the events that led to Ulbricht’s dramatic 2013 arrest in a San Francisco public library. Anyone who missed our email from last year can find it in our archives — it’s definitely still worth the read!…

The VeChain VeDelegate platform has gotten a significant upgrade. The update brings an intuitive user experience for stakers and node operators. VeDelegate, a delegation service for VeChain’s B3TR ecosystem, has launched a game-changing upgrade for VET stakers. This upgrade is expected to enhance the VeDelegate service and mark the most significant update for VET stakers. New Features on VeDelegate Crypto analyst CryptoBusy on X shared the post from VeDelegate, highlighting the key improvements brought by the upgrade. Specifically, the new upgrade on VeDelegate introduces enhancements to the VET stakers dashboards. In his post, CryptoBusy outlined some of the core features…

Data shared by crypto trader and analyst Ali Martinez shows that cryptocurrency whales have shoveled a massive amount of Ethereum recently. Whales let go of 200,000 ETH The analyst shared a chart provided by the on-chain data company CryptoQuant, showing that 200,000 ETH have changed hands over the past two weeks. That is the equivalent of roughly $376,122,553. The chart shows the change in the balances of wallets holding between 1,000 and 100,000 ETH. Judging by the curve, the whales have dumped 200,000 Ethereum as the balance dropped roughly from a total of 12.77 million to 12.57 million ETH. Whales…

Binance, the world’s largest cryptocurrency exchange, has rolled out two new mechanisms designed to boost community involvement in token management: Vote to List and Vote to Delist. These initiatives allow users to have a direct say in which tokens get listed or removed from the platform, hinting at a more decentralized decision-making. However, amid the excitement, fake news began circulating claiming that Binance plans to delist Ethereum (ETH) from its CEX. This rumor quickly sparked panic among traders, but Binance’s Changpeng Zhao (CZ) addressed it, dismissing the claims with a sharp response: “Whoever believes this deserves to be poor.” Whoever…

Cryptocurrency analytics firm Alphractal has detected a local top in Bitcoin price, citing multiple on-chain indicators that signaled weakness prior to the recent drop. In a new report titled “4 Metrics That Indicate Bitcoin’s Local Top,” Alphractal outlined key factors that suggest Bitcoin has reached a near-term top, with signals pointing to December 16, 2024, as a pivotal moment. According to the analytics firm, the metrics that predicted the Bitcoin price drop were: 2Y SMA Multiplier – Based on Bitcoin’s two-year moving average, this metric has historically tracked price cycles. According to Alphractal, Bitcoin has been showing weaker growth over…

The Federal Deposit Insurance Corporation has issued new guidance allowing FDIC-supervised institutions to engage in permissible crypto-related activities without prior agency approval. This marks a reversal from previous policies that were seen as restrictive toward banks working with crypto firms. The guidance, released in Financial Institution Letter (FIL-7-2025), rescinds a 2022 directive that required banks to notify the FDIC before engaging in digital asset activities. The FDIC stated that banks may now participate in crypto-related ventures as long as they effectively manage associated risks. You might also like: XRP reaching $11 could 5x $5000, but this token could grow it…

USDC, Circle’s once-battered stablecoin, has finally officially pulled off a full recovery from the disaster of FTX’s collapse. Its market cap is back at $56.2 billion, matching what it was before the crypto giant fell apart in November 2022, according to data from CoinMarketCap. At some point in early 2023, USDC actually tumbled all the way to $24.5 billion. Unlike its rival, Tether’s USDT, which hit recovery mode in April 2024, USDC took a long way back. Now crypto markets have been enjoying a boost since Donald Trump returned to the White House, with his pro-crypto executive order helping stablecoins…

The U.K.’s crypto industry has just over 12 months to prepare for an even stricter regulatory regime, a senior official with the country’s finance regulator said. Matthew Long, director of payments and digital assets at the U.K.’s Financial Conduct Authority (FCA), told CoinDesk in an interview that the “impending gateway regime” that is earmarked for 2026 will in fact be a new authorization regime for crypto companies. “We will have a gateway which will allow authorization. But obviously we’ve got to go through those consultations, create those rules and get the legislation for that to take place,” Long said. This…