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.

'Anybody Who Does Not Have Bitcoin Should Have Some Bitcoin'

BitcoinDec 12

Thomas Peterffy, the founder of Connecticut-headquartered brokerage firm Interactive Brokers, has stated that people should hold "some Bitcoin" during a recent interview with Bloomberg Television. That said, he has recommended against having too much exposure to the leading cryptocurrency. "So, I think that anybody who does not have Bitcoin should have some Bitcoin, but not too much," Peterffy said. The billionaire believes that people should put 2% to 3% of their net worth into Bitcoin. However, investing anyone to invest more than 10% of their assets in the flagship cryptocurrency would be "too dangerous." The Interactive Brokers founder was initially…

South Korea’s Political Crisis Boosts Crypto Trade,US stocks

RegulationDec 12

Amid South Korea’s ongoing political crisis, local investors are flocking to alternative assets such as cryptocurrency trading and US shares, even as local stocks continue to fall. Rising Crypto Trading Volume , US Shares in South Korea According to the Korean media outlet Korea Herald, as of last Friday afternoon at 3:30 PM, the 24-hour trading volume of the top five crypto exchanges in South Korea i.e., Upbit, Bithumb, Coinone, Korbit, and Gopax was $14.59 billion. This figure is equivalent to 20.72 trillion Korean won, nearly twice the trading volume of the Kospi that day, which was 10.48 trillion Korean…

Self-Proclaimed Satoshi Craig Wright Clashes Again With XRP Community, What Happened?

AltcoinsDec 12

Craig Wright, known for his controversial claims of being Satoshi Nakamoto, the pseudonymous creator of Bitcoin, has once again found himself at odds with supporters of XRP and blockchain payments company Ripple. This latest confrontation highlights the continuing friction between Wright and the broader crypto community, which has been ongoing since his first claim of being Satoshi way back in 2016. Wright, who has often criticized projects outside of Bitcoin, took aim at XRP in his latest comments. In the past, Wright had called XRP a "ponzi" and questioned its legitimacy as a decentralized cryptocurrency, sparking a clash with the…

Roger Stone’s Website Spotlights Prosecution Story of Crypto Pioneer Roger Ver

LegalDec 12

Roger Stone, the veteran political strategist and vocal supporter of libertarian ideals, has voiced his strong backing for cryptocurrency pioneer Roger Ver on his website, Stonezone.com, spotlighting an editorial advocating Ver’s presidential pardon. Roger Stone Backs Roger Ver by Highlighting Editorial on Political Strategist’s Website Stonezone.com, the digital platform of American political consultant Roger Stone, recently shared a compelling editorial by Aaron Day advocating for the presidential pardon of Roger Ver. Known as “Bitcoin Jesus” for his early and fervent support of cryptocurrency, Ver’s case has sparked widespread debate about the implications of prosecuting individuals based on their adherence to…

The Sandbox Awards ‘Kick it Up a Notch’ With 2024’s Winners

MetaverseDec 12

The winners have been announced for the 2024 edition of The Sandbox Awards, recognizing creativity, innovation, and collaboration across the metaverse platform’s community. For 2024’s Awards, The Sandbox is “kicking it up a notch,” its Game Maker Fund Program Manager PJ told Decrypt. “For a while now, we’ve had the Sandies, which were done by the community through submissions and a 15 people jury to recognize the best experiences of the year—but it was a bit informal.” The Sandbox Awards 2024 https://t.co/Z3kpnHlZlw — The Sandbox (@TheSandboxGame) December 11, 2024 The Sandbox Awards “revamps” the awards, while retaining the focus on…

MassMutual’s Strategic Bitcoin Investment Grows Fivefold to $500 Million

BitcoinDec 12

Massachusetts Mutual, a 173-year insurance giant, invested $100 million into the flagship cryptocurrency Bitcoin (BTC) back in 2020. In a press release, the move was noted as giving it a “measured yet meaningful exposure to a growing economic aspect of our increasingly digital world.” The firm’s Bitcoin holdings, if it didn’t sell any BTC, are now worth over $500 million. As first pointed out by Pete Rizzo, Editor-at-Large at Kraken, the insurance giant invested in the flagship cryptocurrency four years ago, when Bitcoin was trading around the $19,000 mark after recording from a bear market that saw it drop to…

Taiwan rushes AML rules; Indonesia’s digital assets surge to $30B

RegulationDec 12

Taiwan has reiterated its commitment to tightening the screws for financial sector players by accelerating the implementation of a new anti-money laundering (AML) playbook. Initially designed for launch at the start of 2025, Taiwan’s Financial Supervisory Commission (FSC) announced its application at the end of November, signaling a clear intent to improve AML standards. Digital asset service providers must seek new AML registration with the FSC regardless of their previous registrations. Service providers that violate the new AML playbook will be slammed with a steep fine of up to NT$5 million ($155,900) or see principal officers face jail times of…

South Korea’s Martial Law Derails Critical Crypto Reforms

LegalDec 12

South Korea's momentous declaration of martial law earlier this month has slowed its efforts to regulate and reform its crypto sector until next year. Key reforms critical to the industry—such as legalizing securities token offerings (STOs) and introducing real-name corporate crypto accounts—have been sidelined. Those measures, viewed as vital steps toward modernizing South Korea’s crypto sector, are now in limbo, leaving the industry to face an extended period of uncertainty. STOs, or securities token offerings, are a way for companies to raise money by issuing digital tokens that represent ownership in real-world assets such as stocks, real estate, or bonds.…

Bitcoin CME Chart Shows Striking Similarities To 2023, Here’s What Happened Last Time

BitcoinDec 12

A crypto analyst has unveiled uncanny similarities between Bitcoin’s Chicago Mercantile Exchange (CME) chart from late Q4 2024 and 2023. According to the analyst’s report, the 2024 Bitcoin CME chart replicates the price action seen in 2023, experiencing similar technical patterns, wave structures, price movements, and specific key indicators. Bitcoin CME Chart Mirrors 2023 Price Action A comparative analysis of the Bitcoin CME charts from Nov/Dec 2023 and Nov/Dec 2024 reveals striking parallels. The charts, shared on X (formerly Twitter) by crypto analyst and market technician Tony Severino, feature a near-identical Elliott Wave count, showcasing five distinct waves that indicate…

First Abu Dhabi Bank Joins Tokenization Firm Libre for Collateralized Lending

RegulationDec 12

First Abu Dhabi Bank (FAB) has signed a Memorandum of Understanding (MoU) with Libre Capital, the tokenization specialist backed by Brevan Howard’s WebN Group and Nomura’s Laser Digital, to do blockchain-based collateralized lending using real world asset (RWAs) tokens. Since going live in March, Libre has issued about $150 million of tokenized versions of Brevan Howard funds, Hamilton Lane's fixed-income type products, and a BlackRock money-market fund. Under the MoU, First Abu Dhabi Bank is piloting a credit line for approved lenders to provide stablecoin lending with those Libre issued tokens as collateral. Holders of all sorts of crypto assets…