Author: NBTC

In an interview with ABC News, FTX founder and former CEO Sam Bankman-Fried said he is remorseful for his actions. Bankman-Fried was sentenced to 25 years in prison last Thursday for his conviction on seven different fraud and conspiracy charges. Sam Bankman-Fried, the founder and former CEO of the defunct crypto exchange FTX, has said that he is remorseful for his actions after he was sentenced to 25 years in prison for fraud last week. Bankman-Fried was interviewed via email by ABC News from the Metropolitan Detention Center in Brooklyn. Last Thursday, while announcing the sentence, U.S. District Judge Lewis…

Bitcoin’s (BTC) attempt to recover and reclaim its all-time high above $73,000 is facing hurdles, with the asset currently trading below the $70,000 mark amid anticipation ahead of the halving event. Recent price movements have led to Bitcoin’s bearish price predictions, with a section of the market suggesting the outlook is part of the pre-halving retrace. For instance, cryptocurrency trading expert Alan Santana, in a TradingView post on March 23, warned investors to brace for a sell-off, noting that Bitcoin’s bearish bias remains strong. With Bitcoin struggling to breach the $65,000 resistance, Santana forecasted a continued downward trajectory for Bitcoin…

ARPA, a prominent blockchain network, announced the launch of its first fully on-chain game, “dear.game,” through its official X handle. This groundbreaking venture has not only marked a significant milestone for ARPA but also led to a substantial yet temporary surge in its native token’s ($ARPA) value. Following the announcement of “dear.game,” the $ARPA token experienced a dramatic price increase, showcasing the immediate impact of the game’s launch on investor sentiment and market dynamics. However, this spike was short-lived, as the token’s price eventually receded to its previous levels. This volatility highlights the typical market responses to major announcements within…

Singapore is now seeking licensing requirements for entities providing custodial and some other services. The changes were passed in parliament in 2021 but Singapore’s central bank made the changes live only on Tuesday. Singapore has expanded the scope of what cryptocurrency-related activities it regulates to include custodial services, the Monetary Authority of Singapore (MAS) announced on Tuesday. The change in scope also includes cross-border money transfers even when the money is not accepted or received in the city-state, and the facilitation of the transmission of crypto between accounts and exchanges, The legislation was passed in 2021 with amendments to the…

The top global cryptocurrency exchange, OKX, has announced the future inclusion of Wormhole (W) into the digital assets it offers, which represents important growth in its crypto portfolio. This tactical move seeks to improve the trading experience for its worldwide users by allowing them to trade in a wider variety of digital currencies. WORMHOLE (W), characterized by its advanced technology and potential for cross-chain transactions, is set to be a major part of OKX’s trading platform. The introduction of Wormhole into the OKX lineup will be carried out in a phased manner with a systematic and well-organized three-stage process designed…

IREN (NASDAQ: IREN), a data center business specializing in Bitcoin mining, and AI, said in its monthly investor update that it successfully mined 353 Bitcoins in March. Bitcoin mining in March The 353 Bitcoins mined by IREN (Iris Energy Limited) just ahead of the halving season were made possible by maintaining an average operating hashrate of 7.1 EH/s throughout the month. The increase in mining activity resulted in a surge in monthly mining revenue, which skyrocketed by 56% to $23.7 million. IREN also announced fully funded expansion plans aimed at ramping up its operating hashrate to 20 EH/s by 2024.…

Bivu Das, Managing Director of Kraken UK, expressed strong support for the use of Bitcoin ETFs in the UK. Bitcoin ETFs should “absolutely” be available in the UK, Das said during an interview at the Digital Asset Summit in London. Das said the global environment has improved significantly since the UK restricted such products in 2021. The manager believes that regulators’ concerns about protecting retail investors are somewhat alleviated if investors do not own the underlying asset, which in this case is Bitcoin. According to Das, Bitcoin ETFs are an interesting product with significant return potential. However, Das notes that…

The Chief Legal Officer (CLO) of Ripple, Stuart Alderoty has again provided insights into the court decision in the SEC v. Coinbase legal tussle. On March 27, U.S. District Judge Katherine Polk Failla ruled in favor of the SEC, allowing the Coinbase lawsuit to proceed to the discovery phase. Alderoty has been commenting on the decision since it went public. Over the weekend, he suggested that the SEC presented a facade that would require the regulatory agency to provide strong evidence to support its allegations when the trial commences. Alderoty Faults Court’s Definition of Crypto Ecosystem In a post yesterday,…

Binance, one of the leading cryptocurrency exchanges, announced that it supports the Neutron (NTRN) network upgrade, which is planned to start at approximately 17:30 on April 10, 2024. Binance Will Facilitate Neutron (NTRN) Network Upgrade In preparation for the network upgrade, Binance will temporarily suspend token deposits and withdrawals on the Neutron (NTRN) network, ensuring a smooth transition and optimal user experience. The upgrade is scheduled to take place around 16:30 on the same day, at block height 9,034,900. Despite the suspension of deposits and withdrawals, trading activities involving tokens on the Neutron network will not be affected during the…

In the span of just six days, the nine freshly launched spot bitcoin exchange-traded funds (ETFs) have gathered 20,859.57 bitcoins, valued at over $1.3 billion. Holding 474,363.55 bitcoins worth $30.6 billion, these new ETFs are short of 25,636.45 coins to hit the 500,000 milestone. Excluding GBTC, Fidelity’s FBTC and Blackrock’s IBIT Dominate Bitcoin ETFs In Terms of Reserves Held Since their debut on Jan. 11, 2024, the new spot bitcoin ETFs, excluding GBTC, have significantly increased their bitcoin holdings. Among the nine U.S. funds, Blackrock’s IBIT leads with a hefty reserve of 242,829.94 BTC, valued at $15.6 billion according to…