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.

FTX Liquidator Transfers BIT and RAY Tokens, Market Reacts

ExchangesDec 4

Alameda Research just transferred 72.6 million BitDAO (BIT) tokens—around $64.4 million—to Mirana Ventures. Alameda also got 10.335 million USDC and 28.4 million USDT from Mirana around 20 hours back. On-chain analysis platform PeckShield said the FTX liquidator also transferred 378,000 Raydium (RAY) tokens—around $1.99 million—to Binance. This could mean the liquidator is going to sell the tokens. BIT and RAY could both become volatile in the short term. #PeckShieldAlert #FTX Liquidator Main Wallet has transferred 378K $RAY (worth ~$1.99M) to #Binance pic.twitter.com/vmDFfiBpcr — PeckShieldAlert (@PeckShieldAlert) December 4, 2024 No one knows why these transfers happened, but BIT went up 5.31%…

Sudden Bitcoin Price Spike Pushes Crypto Liquidations to $285 Million

BitcoinDec 4

As Bitcoin's price continues to shoot upwards, traders betting on the asset to go down are feeling the pain. But so are those betting on the price going up. The biggest digital asset by market cap was fast closing in on $68,000 per coin earlier Tuesday amid a sudden spike, according to CoinGecko. However, the rise was short-lived, with the gains being completely erased. Bitcoin is now trading hands for just above $65,200, after hitting a daily high of $67,803 per data from CoinGecko. And on America's biggest crypto exchange, Coinbase, Bitcoin landed less than $70 away from $68,000 per…

Hackatao launches an NFT collection of stamps

NFTDec 4

For the Crypto Art section, the announcement of the new NFT collection by Hackatao of stamps inspired by Sissi and Franz Joseph I of Austria cannot be missed. The project will be released on December 12 and has been developed in collaboration with Austrian Post for Crypto Stamp Art. Crypto Art and the NFT stamps by Hackatao inspired by Sissi and Franz Joseph I of Austria Crypto Art: the concept and the revelations of the new NFT stamps signed by Hackatao NFT sales on the rise in novembre Crypto Art and the NFT stamps by Hackatao inspired by Sissi and…

Scroll's Token Declines 32% as Whales Scoop Up Airdrop

AltcoinsDec 4

Scroll's SCR token is down by 32% in just over 24 hours following its launch. Total value locked on the network has declined 24% in the past week as investors vent their frustration about token supply. The top 10 airdrop recipients received 11.7% of the total drop. After more than a year of hype and expectation, layer-2 network Scroll's governance token launch is beginning to fall short of expectations after being plagued by token allocation issues. One day after debuting at $1.40, SCR is now trading 32% lower at $0.94 with its market cap shrinking to below $180 million. The…

Coinbase CEO Gives Harsh Cryptocurrency Warning! US Companies Take Back!

LegalDec 4

While it was expected that cryptocurrency supporters would be appointed to critical positions after Donald Trump's re-election, a radical step came from Coinbase, the largest cryptocurrency exchange in the United States. Coinbase CEO Brian Armstrong has announced that he will be severing ties with law firms that hire anti-cryptocurrency officials. Coinbase Exchange CEO X announced in a post on his account that Coinbase will no longer work with law firms that hire people involved in anti-crypto activities during their tenure and that they will cut ties. Armstrong cited Milbank, which hired former SEC enforcement director Gurbir Grewal, as an example.…

Binance tops list of 17 crypto entities probed for tax evasion in India

ExchangesDec 4

Binance accounted for the highest Goods and Service Tax evasion among registered cryptocurrency exchanges in India, according to the Indian Finance Ministry. Responding to a parliamentary question regarding tax compliance by cryptocurrency exchanges, Minister of State for Finance Pankaj Chaudhary revealed that the total GST evasion by these entities amounted to ₹824.14 crore ($96 million), with a Binance group company contributing the majority share. According to the ministry, 47 Virtual Digital Asset Service Providers have registered as reporting entities under the Financial Intelligence Unit, out of which 17 entities were investigated for GST evasion. Nest Services Limited, a Binance Group…

Wall Street Bitcoin Miners Report Lower November Production Despite BTC Rising to $100,000

MiningDec 4

Major Wall Street Bitcoin miners reported varied production results for November 2024, as network difficulty increased by 7% during the month, impacting mining efficiency and output across the industry. Although last month the price of BTC reached record levels and nearly approached $100,000, competition, along with the time and costs required for cryptocurrency mining, also jumped visibly. CleanSpark (NASDAQ: CLSK) maintained its position as one of the industry leader’s in November, producing 622 BTC, while Riot Platforms (NASDAQ: RIOT) followed with 495 BTC. Bitfarms (NASDAQ: BITF) and Cipher Mining (NASDAQ: CIFR) reported similar outputs of 204 and 202 BTC respectively,…

CORVA: Bitcoin Can Reduce Racism

BitcoinDec 4

At face value, the statement “Bitcoin can reduce racism” seems silly, if not downright offensive to those who have been the victims of racism. And it presupposes that an open-source protocol, which is completely indifferent to the whims of human emotions, can have any impact whatsoever on reducing racism, one of the most vile expressions of human emotions. I get that (as much as I can as a white dude), but follow me for a moment. While Bitcoin itself may not be able to reduce racism, what about the concept of being a “Bitcoiner”? Can identifying as a Bitcoiner reduce…

Zero1 and NEAR Protocol Unite to Drive Decentralized AI Development

AltcoinsDec 4

Zero1 Labs partners with NEAR Protocol to support decentralized AI builders and grassroots teams through hackathons and community initiatives. NEAR Protocol and Zero1 Labs collaborate to foster innovation in decentralized AI, empowering developers with scalable blockchain infrastructure and community support. Officially, Zero1 Labs has partnered with Layer 1 blockchain network NEAR Protocol, which is driving decentralized artificial intelligence (AI). For developers and innovators, this partnership signifies a turning point since they use NEAR’s scalable and safe infrastructure to mold a future defined by open, community-driven AI applications. Clearly, the goal of this partnership is to enable grassroots teams and builders…

Trump picks pro-crypto Paul Atkins as SEC chair

LegalDec 4

President-elect Donald Trump has nominated Paul Atkins, a former SEC commissioner known for his support of crypto, to lead the US Securities and Exchange Commission (SEC), Unchained Crypto reported Tuesday, citing three sources familiar with the matter. Trump is waiting for Atkins to confirm whether or not he will accept the offer. If he chooses not to accept the nomination, it would be up to Trump to select another candidate for the role. If Atkins chooses to accept, the nomination will be subject to Senate confirmation. Paul Atkins, who served as SEC commissioner during the George W. Bush administration, has…