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.

Orbitt unveils a staking program with $2 million in rewards

RegulationDec 7

Orbitt (ORBT), a Solana-based (SOL) crypto platform, has launched a staking program with nearly $2 million in rewards, as outlined in the most up-to-date reports shared with Finbold on Tuesday, December 3. Launching on December 3, the staking initiative allows ORBT holders to generate passive income by relying on Orbitt’s buyback mechanism to not only enhance their holdings but also contribute to ecosystem growth. Orbitt staking program In addition to staking rewards, ORBT stakers will gain access to Orbitt PAD, a new launchpad for exclusive, rigorously tested projects. Orbitt promises up to $100 thousand in funding, marketing, and development assistance…

Shiba Inu Officially Announces New Airdrop for SHIB Holders

AltcoinsDec 7

The team behind the Shiba Inu ecosystem announces an airdrop of 10 million Philtoken (PHIL) for SHIB holders, with beneficiaries guaranteed up to 500,000 PHIL. According to the announcement, Shiba Inu holders who participate in the airdrop have a chance of earning double the rewards. Airdrop Eligibility However, the airdrop is exclusive to only Shiba Inu holders holding SHIB since August 28, 2024, in non-custodial wallets like Trust Wallet and MetaMask. It is worth noting that the airdrop is conducted on a first-come-first-served basis. As a result, the first 10,000 eligible wallets will receive a minimum of 500 PHIL. How…

What SEC chair nominee Paul Atkins has previously said about crypto

LegalDec 7

This is a segment from the Empire newsletter. To read full editions, subscribe. Crypto is “really exciting,” former SEC Commissioner Paul Atkins said in a podcast interview last year. In that same interview, he noted that the FTX collapse just happened to occur in crypto but essentially, fraud is fraud. He compared Sam Bankman-Fried’s actions to Bernie Madoff’s. Aside from public appearances, it’s clear that Atkins — who, in case you somehow missed it, is officially President-elect Donald Trump’s pick to take over the SEC — is not only knowledgeable about crypto but has been active in the space for…

PancakeSwap’s daily trading volume rockets to $1.27b after SpringBoard launch

ExchangesDec 7

PancakeSwap’s daily trading volume reached $1.27 billion on Dec. 4, the highest single-day trading volume the decentralized exchanged has seen since March of this year. According to data from PancakeSwap, BNB (BNB) Chain’s largest decentralized exchange saw its daily trading volume skyrocket by more than 60% from the previous day after the DEX launched its token launch platform PancakeSwap SpringBoard on Dec. 4. PancakeSwap currently ranks second on DeFi Llama’s DEX leaderboard by trading volume, beating out Raydium, Orca and Aerodrome. In the past 24 hours, the platform has accumulated $2.32 billion worth in crypto trading volume. Since March 2024,…

Ultra-Rare Pokémon Card Valued at $250K Going on Auction via Ethereum Network Polygon

BlockchainDec 7

A pristine, first-edition Holographic Charizard Pokémon card from 1999 is going up for auction Friday, tokenized via Ethereum scaling network Polygon and auctioned by collectibles platform Courtyard. Polygon Labs and Courtyard have teamed up to tokenize the PSA 10-graded card, securely stored in a Brink's vault, with an estimated value of $250,000. The 30-day online auction aims to demonstrate blockchain's potential in the collectibles market, the companies said. "This auction isn't just about a Charizard card; it's about showing how blockchain can revolutionize the collectibles world," said Polygon Labs CEO Marc Boiron, in a statement. "From traditional collectors to DeFi…

Liquidity and Options Pave the Way for Bitcoin ETF Market Expansion

BitcoinDec 7

Bitcoin ETFs have recorded a total net inflow of $18.9 billion and currently hold around 869k BTC. Bitcoin ETFs account for approximately 3% of the total bitcoin trading volume. A portion of the inflows into bitcoin ETFs is driven by the "basis trade", where investors seek to profit from the price difference from the spot and futures price. Bitcoin (BTC) exchange-traded funds (ETFs) have attracted vast amounts of media attention in 2024, and rightly so, for being the most successful ETF launch of all-time. Since their launch on Jan. 11, bitcoin ETFs have attracted a total net inflow of $18.9…

Ethereum Price Rockets Up: $4,000 Target Inches Closer

EthereumDec 7

Ethereum price is rising from the $3,550 zone. ETH is showing bullish signs and might soon aim for a move above the $3,920 resistance zone. Ethereum remained in a positive zone and stayed above the $3,650 zone. The price is trading above $3,750 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $3,880 resistance zone. Ethereum Price Starts Fresh Increase Ethereum price remained well-bid above the $3,650 support zone. ETH formed…

Animoca Brands hopes to change auditor after warning it must raise money

RegulationDec 7

Animoca Brands, the NFT and Metaverse firm, hopes to pass a resolution at its annual general meeting (AGM) on December 23 that would replace its auditor, DFK Collins, with Hall Chadwick. This is according to the distributed agenda. Animoca has arguably been slow to file its recent audit reports, not completing its 2020 report until mid-2023. The report included comments from DFK Collins, which noted that for Animoca to “continue as a going concern” would be “dependent upon” it “raising new equity funds” as well as “support from the convertible note holders.” It would also need to “convert cryptocurrencies into…

Who Is Shibetoshi Nakamoto?

AltcoinsDec 7

Shibetoshi Nakamoto’s identity isn’t nearly as well hidden as the still-unknown founder of Bitcoin, but that doesn’t mean that there aren’t questions to be answered about the Dogecoin co-founder, Bill Markus. While Dogecoin was originally created in 2013 as a joke, the Dogecoin exploded in popularity and became the first memecoin, paving the way for many other meme cryptocurrencies we know and love today. But there's much more to the story of the co-founder of the original memecoin, which we'll delve into in the following sections of this article. Key highlights: Shibetoshi Nakamoto is the pseudonym used by Billy Markus,…

Solana co-founder advises crypto startups to move to the US

LegalDec 7

Solana co-founder Anatoly Yakovenko has advised crypto startups to relocate to the US now that the country is set to have more regulatory clarity. In a post on X, Yakovenko noted that the upside of moving to the US is limitless for these startups. Although the crypto executive admitted that operating in the US comes with significant legal costs, he believes the US market has great potential, making it ideal for startups to thrive. He said: “You should prepare for moving your crypto startup to the US. The lawyers will still carve a pound of flesh out of your startup,…