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.

Japan to Dissolve ‘Web3 Project’ Team, Form New Crypto Unit

LegalDec 2

On the 27th, Digital Minister Masaaki Taira announced at the “Taira Forum”(an event he hosts) that the Web3 Project Team (Web3PT) will be dissolved. Instead, a new position dedicated to crypto-related matters will be established within the Liberal Democratic Party’s Digital Society Promotion Headquarters. According to local reports, Congressman Akihisa Shiozaki will assume this new crypto-focused role after serving as an executive director of Web3PT. While Web3PT will be disbanded, this does not indicate a reduction in the government’s commitment to promoting Web3. Further details regarding the newly formed Web3 staff are expected to be released soon. Representative Taira, who…

A Critical Component for Web3 Adoption, Says Veteran Educator

BlockchainDec 2

A blockchain education expert believes that learning about blockchain is crucial for the safe and effective use of Web3 technology. Blockchain Education: Fragmented and Inconsistent According to Pauline Cohen Vorms, co-founder of the Polkadot Blockchain Academy, blockchain education is essential for the adoption of Web3 technology. Vorms, a veteran educator, added that the growing list of blockchain use cases translates to increased responsibilities. She argues that it is only through proper education can the risk of misuse or underutilization of the technology be pre-empted. However, Vorms asserts the education program needs to be comprehensive enough to ensure that the true…

Will Bitcoin Surpass $70,000? Analyst Shared His View

BitcoinDec 2

As Bitcoin approaches $70,000 once again, market speculators are eyeing the possibility of it surpassing record levels last seen in March. Optimism around riskier assets is growing as investors prepare for the upcoming U.S. elections. “After six months of price consolidation this year, the stage is set for a perfect storm in favor of Bitcoin and other cryptocurrencies,” said Brett Munster of Blockforce Capital. Munster pointed to the surge in global liquidity, particularly from China, which has recently implemented a series of stimulus measures aimed at reviving its economy. Bitcoin rose 2.9% to $68,376 on Wednesday before falling slightly to…

Digital asset ownership legal in China: Shanghai judge

LegalDec 2

Owning digital assets is not illegal for individuals under Chinese law, a Shanghai judge has ruled. However, enterprises are prohibited from investing in digital assets or issuing tokens “at will,” the judge added. Sun Jie, a judge at Shanghai’s Songjiang People’s Court, shared her opinion on the court’s official WeChat account, noting that it was not “illegal for individuals to hold cryptocurrency.” However, businesses can’t invest in digital assets or issue tokens “at will,” the judge added. Jie further stated that Chinese law considers digital assets to be virtual commodities to which property attributes are assigned. However, the law bars…

Aligned Revolutionizes Ethereum with ZK Verification, Reducing Costs and Boosting Speed

BlockchainDec 2

Aligned, after nine months of rigorous development, has unveiled its ZK verification layer on Ethereum which is mainnet beta. This launch is a game-changer for developers. It enables developers to verify zero-knowledge proofs on Ethereum at less than 10% of the current cost. It further allows thousands of proofs to be submitted per batch. SEND PROOFS. After 9 months of development we are happy to announce that Aligned's ZK verification layer – mainnet beta – is now live on Ethereum. This means that developers can verify ZK proofs on Ethereum for less than 10% of the cost and that they…

Analysis Company Says Whales Are Very Active in Bitcoin, Shares What They Expect

BitcoinDec 2

Santiment, a leading cryptocurrency analytics firm, has reported a significant increase in BTC whale activity during the recent surge in Bitcoin’s price. Bitcoin whale transactions hit a more than 10-week high on Tuesday, with 11,697 transfers worth over $100,000, according to the firm’s analysis, and are on track to reach similar highs on Wednesday. The analysis also highlighted a shift in social media discussions, with Bitcoin dominating discussions on altcoins. Santiment noted that Bitcoin, the largest crypto asset, now accounts for more than a quarter of all cryptocurrency-related conversations on the internet, as investors focus heavily on price action after…

4.77 Million in Daily Transactions: Shibarium Finally Breaks Out

AltcoinsDec 2

When Shibarium launched, it sparked major optimism among Shiba Inu ecosystem members and the broader Ethereum layer-2 ecosystem. However, since its launch, the network has recorded different growth traction amid varying adoption milestones. At the moment, Shibarium scam data shows the protocol has recorded 4.77 million daily transactions. Shibarium adoption soars gradually It is worth noting that Shibarium's daily transactions fluctuate very widely. While it recorded a low of 3,000 earlier this month, the current 4.77 million blowout is a major twist in its adoption. Despite dwarfing the more than 300,000 daily transactions recorded earlier this week, the major reason…

Legal Expert Shuts Down Claims of Fast-Tracking Final Ruling, Says ‘Not SEC vs Ripple’

LegalDec 2

The legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) continues, despite some recent developments. Ripple has recently gained attention as it was claimed that a U.S. court approved its request to fast-track the final judgment in the XRP lawsuit. This decision could mean the case, which has been dragging on for years, might end sooner and some even believed the timing is important, especially with SEC Chair Gary Gensler stepping down in January. However, legal expert Bill Morgan clarified that this approval is not related to the SEC’s enforcement action against Ripple. He pointed out that…

Coinbase’s Base Network Prioritizes Growth Without a Native Token

BlockchainDec 2

The Ethereum Layer-2 network Base, developed by Coinbase, has confirmed it has no plans to introduce a native token despite its rapid adoption and growing user base. Instead, the network remains committed to fostering decentralized application (dApp) development and empowering its developer community. Base Achieves Record TPS and TVL Without Token Incentive Jesse Pollak, the lead developer of Base, shared this vision in a post on X on November 30. Pollak emphasized that the team’s primary goal is to address real-world challenges by creating tools that enable developers to build better solutions. He described Base’s strengths as its open-source nature,…

Bitcoin Set to Rise Beyond $70,000 in 'Coming Weeks,' Experts Say

BitcoinDec 2

Bitcoin’s price surge shows no signs of slowing down, with some predicting a breach of the $70,000 price tag in the coming weeks. The world’s largest crypto is currently trading at over $67,600 after swelling to highs not seen since the beginning of August, CoinGecko data shows. Yet where does the asset go from here? According to Jonathan de Wet, chief investment officer at Zerocap, Bitcoin's upward momentum remains robust, he opined in an investor note on Wednesday. “We see [Bitcoin] at $70,000 in the coming weeks,” de Wet stated, pointing to a technical breakout providing a solid foundation for…