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.

El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

RegulationNov 28

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we explore a proposal by Max Keiser that would make El Salvador a pioneer in nation-state debt issuance to purchase bitcoin. Latam Insights Encore: El Salvador Can Follow Microstrategy’s Playbook and Be a Bitcoin Pioneer Once Again El Salvador, a small nation in Latam that came into the spotlight due to President Nayib Bukele’s spearheaded adoption of bitcoin as legal tender, is uniquely positioned to pioneer bitcoin markets again, yet in a different manner. The outcome of…

Scroll Token Dip Over 30% Post-Binance Listing; What's Next?

AltcoinsNov 28

After Scroll’s listing was postponed by an hour on Binance last Tuesday, there was a wave of excitement after the token finally started trading. However, the excitement soon died down as the token’s value dropped over 30% soon after its launch. This shift is certainly worth looking into, especially since it happened along with movements in Scrolls total value locked (TVL) and its bridging activities. SCR, the native token of Scroll, was first anticipated to show an increase in liquidity. However, unfortunately, the price for the token fell drastically below $0.08, a significant decline of more than 30% from its…

White House Crypto Czar?

LegalNov 28

We don't know a lot yet about Donald Trump's crypto plans, but we can at least see what's happened so far. The narrative Nearly three weeks after the 2024 election, we're still waiting for clear signs of how President-elect Donald Trump's administration might approach crypto. Here's what we know so far. Why it matters A large chunk of the crypto industry is betting that Trump's administration will be friendlier toward crypto than President Joe Biden's administration was. Companies are filing for new exchange-traded products tied to crypto and prices shot up in the immediate aftermath of the election. Breaking it…

MicroStrategy’s Premium Surges to 2021 Levels

RegulationNov 28

According to data provided by CryptoQuant, MicroStrategy's Bitcoin premium has returned back to the levels that were last seen during the 2021 bull run. As noted by CryptoQuant CEO Ki Young Ju, the company's Bitcoin premium ended up peaking in the middle of the 2021 bull run. Notably, it never dipped below zero during the previous bear market. For comparison, GBTC was trading at a 48% discount. On Friday, MicroStrategy (MSTR) surged $421 following a significant correction that was triggered by the bearish call made by Citron Research. The company's shares are up by another 3.11% in pre-market trading. MSTR…

Pepe down 4% amid reports of whale dumping on Binance

AltcoinsNov 28

Pepe meme coin faced selling pressure as the broader crypto market dipped, with reports of a whale allegedly selling one trillion coins. Crypto influencer Jake Gagain claimed that an unknown Pepe (PEPE) whale offloaded one trillion tokens, worth approximately $8.7 million, on crypto exchange Binance. 🚨 BREAKING: PEPE WHALE DUMPS 1 TRILLION TOKENS ON BINANCE A massive $PEPE whale offloaded over 1 trillion tokens to Binance earlier today. Price dipped roughly 2% intraday. pic.twitter.com/c6hpLywg8v — JAKE (@JakeGagain) October 28, 2024 While crypto.news was unable to independently verify Gagain’s report, market data certainly confirms a downward movement in Pepe’s price. The…

Russia Approves Crypto Tax Law, Redefining Digital Currency Rules

LegalNov 28

Russia’s new crypto tax law classifies digital currencies as property, exempts mining from VAT, and mandates detailed reporting, signaling a seismic shift in regulation. Russia’s New Crypto Tax Rules Signal a Major Shift in Digital Currency Regulations The Federation Council, Russia’s upper house of parliament, approved a government-initiated bill outlining the taxation framework for digital currencies on Wednesday. This legislation, passed during a plenary session, follows its earlier approval in the State Duma, the lower legislative chamber, the previous day. The new law classifies digital currencies, including those used as payment instruments under experimental legal regimes, as property under the…

'Moonray' Gives Away 220K NFTs in OpenSea’s Largest Gaming Mint

GameFiNov 28

Ethereum-based arena battler game Moonray is now responsible for the largest free gaming NFT mint on OpenSea to date, after users minted some 220,629 “Jadeon Adam” character skins over a 48-hour period. This NFT mint gave players an earthy green in-game character skin that they can wear while fighting. The free NFTs, minted on Coinbase's Ethereum layer-2 network Base, were claimed between November 19-21. Moonray is an Ethereum-based combat arena game available on PC via the Epic Games Store. It has previously run a play-to-airdrop campaign, rewarding players’ in-game progression for a slice of its soon-to-launch MNRY token, and has…

Bitcoin Miner IREN Surges on Renewed AI Interest, Possible BTC Dividend Payment

MiningNov 28

Bitcoin miner IREN (IREN) rose nearly 30% on Wednesday after executives said the company had received interest from an artificial intelligence (AI) firm and mentioned a potential dividend in BTC during an earnings conference call. The Sydney-based company has been approached by a hyperscaler firm (large cloud service provider) for potentially hosting computing infrastructure at IREN's Sweetwater mining site in Texas, co-CEO and co-founder Daniel Roberts said on the call. "Two hours ago, we got an email from a trillion-dollar hyperscaler that said they weren't interested in Sweetwater, and now they are," Roberts said without giving out too many details.…

Singapore Gulf Bank Seeks $50M Funding and Stablecoin Acquisition in 2025

RegulationNov 28

Singapore Gulf Bank targets $50M funding to built stablecoins firm. Plans underway to acquire a stablecoin payment company in the Middle East or Europe by 2025. Individual digital asset management services expected to roll out by year-end. Singapore Gulf Bank, backed by Bahrain’s Mumtalakat Sovereign Wealth Fund and Singapore’s Whampoa Group, has set its sights on ambitious goals for 2025. The bank aims to raise at least $50 million in funding and acquire a stablecoin payment company as part of its strategy to solidify its position in the evolving financial landscape. $50M Fundraising to Power Growth The bank, which secured…

Indian Banks Trial Ripple’s XRP for Faster and Safer Bank Transfers

AltcoinsNov 28

Ripple partners with Indian banks to improve transaction efficiency and security. The digital rupee project advances while banks explore Ripple’s cross-border solutions. Ripple’s tech development continues despite legislative hurdles in the United States. Indian banks are piloting Ripple’s XRP Ledger to improve bank-to-bank transfers with faster, decentralized technology. The trials aim to create a more efficient and secure transaction system for the country’s financial sector. Ripple’s collaboration with major institutions, including Kotak Mahindra, could reshape how banks in India handle money payments. Ripple’s Relationship with Kotak Mahindra Boosts XRP Interest The organisation joined with Kotak Mahindra Bank in 2018 to…