Author: NBTC

Regulation through enforcement often yields suboptimal outcomes for all stakeholders, including consumers, as it creates a negative stigma around industry companies,” asserted the co-founder of an Australian crypto startup. The co-founder expressed optimism that the Australian Securities and Investments Commission’s recent court setback would encourage Parliament to establish a regulatory framework for the Aussie crypto industry. Regulators Must Differentiate Between Bad Actors and Those Acting in Good Faith Regulation through enforcement actions often yields the worst outcomes, not only for regulators but also for users, as it creates a negative stigma around industry companies, Charlie Karaboga, co-founder of the Australian…

Azuro will be coming out with an exclusive grants scheme for funding the development of applications with the utilization of Azuro on Polygon PoS. This will include the furthering of on-chain prediction applications targeting sports, as well as entertainment-related projects. Added to that, the scheme will be offering financial and technical backing to the connected builders. This is being seen as a first step towards fortifying the bond with the Polygon community. In the very near future, builders will be provided the option of forwarding their projects for scrutiny. The scheme will entail the allocation of $20,000, coming under two…

The enigmatic world of Bitcoin continues to captivate investors with its price fluctuations. However, a recent analysis by Cryptorphic, a prominent crypto analyst, suggests the future might be brighter than recent dips might indicate. Their prediction? Bitcoin hitting a staggering $156,000 by May 27th, 2025. The Halving Effect: A Historical Catalyst Cryptorphic’s prediction hinges on a historical phenomenon known as the halving. Every four years, the number of Bitcoins rewarded for mining new blocks is cut in half. This, in theory, reduces the supply of new coins entering the market, potentially driving up the price of existing ones. His analysis…

The spread between ether and bitcoin implied volatility indexes has widened, reflecting excitement about the potential debut of spot ETH ETFs in the U.S. Volatility pricing may be off the mark because institutions might use the spot ETFs to set up non-directional basis trades, as they have been reportedly doing in BTC. Demand for ether ETFs may be tepid. Spot ether exchange-traded funds (ETFs) are expected to begin trading in the U.S. this year. The highly anticipated debut has investors positioning for higher volatility in the ether (ETH) price relative to bitcoin (BTC). There’s a possibility that the excitement about…

Prominent CNBC host Jim Cramer has caused a substantial amount of excitement within the cryptocurrency community by posting a picture with Australian rapper Iggy Azalea on his X social media profile. Azalea, who is dressed in a white graphic T-shirt with an image of sunflowers, a pleated mini skirt with subtle pinstripes and black knee-high boots, is pictured hugging the 69-year-old stock picker after the opening bell on the trading floor of the New York Stock Exchange. With Iggy Azalea, after opening bell! pic.twitter.com/qpF8FXemQr — Jim Cramer (@jimcramer) June 12, 2024 The image immediately went viral on the X social…

The FSB will undertake more work on the risks posed by stablecoin arrangements in emerging and developing economies. It will also consider the challenges emerging from higher levels of stablecoin adoption in the crypto sector. The Financial Stability Board (FSB), which monitors the global financial system for systemic risk, said it will undertake further work on the challenges posed by stablecoins in emerging and developing economies. The decision was taken during a meeting in Toronto of the FSB’s plenary, the sole decision-making body of the standard-setting and advisory organization, according to a Friday statement. A stablecoin is a cryptocurrency whose…

In a bullish crypto market, it is usual that long-term holders (LTHs) sell their Bitcoin as prices surge. This was more visible from early 2024 until April. The 1-year and 2-years old unspent transaction outputs (UTXOs), as per CryptoQuant, saw significant drops in the supply they held. However, even though there has been selling pressure on these UTXOs, Bitcoin supply in UTXOs older than three years keeps growing. This indicates heightened long-range optimism by such holders. During bullish phases, it’s common to observe LTHs offloading portions of their #Bitcoin holdings as prices rise“The 1-year+ and 2-year+ cohorts have ceased selling,…

Santiment, one of the most popular cryptocurrency analysis companies, shed light on the current most popular altcoins of the crypto world in its latest analysis. According to the analysis company, Bitcoin, unsurprisingly, remains the most popular cryptocurrency. Analysts think that this popularity took a leap today after former US President Donald Trump announced his interest in Bitcoin mining. In his statement, Donald Trump described Biden as an enemy of BTC and stated that he wanted all Bitcoins to be released from now on to be issued within the borders of the USA. Following Trump’s statement, there was a significant increase…

In a recent statement, Charles Hoskinson, the founder of Cardano, has praised Bitcoin, highlighting it as the culmination of 50 years of technological advancements and innovation. Hoskinson’s praise extends beyond Bitcoin to encompass the entire cryptocurrency ecosystem, which has grown exponentially over the past decade. However, advancements in cryptocurrencies are not a sudden phenomenon but rather the result of five decades of research and developments in various fields, including cryptography, computer science and network theory. From the development of public key cryptography in the 1970s to the creation of peer-to-peer networks in the early 2000s, these advancements have collectively paved…

Prominent analysts and Ethereum users have criticized the recent token airdrop by layer-2 scaling solution zkSync, citing concerns over uneven distribution and inadequate protection against Sybil attacks, a common form of blockchain manipulation. zkSync previously announced that 695,232 wallets would be eligible for its ZK token airdrop. To ensure fair distribution and prevent Sybil attacks – where one entity uses multiple wallets to exploit airdrops – ZkSync established seven eligibility criteria. However, these measures have been widely criticized as insufficient. Adam Cochran, a partner at Cinneamhain Ventures, expressed concern, stating: “I love the zkSync guys, but that was not a…