Author: NBTC

Former President Donald Trump has been dubbed “America’s first crypto president” ever since his first year in office in 2017, according to Chris Giancarlo, a former CFTC commissioner. This designation came about when his administration approved the introduction of Bitcoin futures contracts, he said. Giancarlo, speaking at a Washington DC crypto policy event on Wednesday, highlighted Trump’s supposedly long-standing reputation in the crypto industry, Fox Business reported. The ex-official’s comments come after Trump last week pledged to end cryptocurrency hostility if re-elected. “In addition to announcing he’s now ‘good with it’ — crypto, that is — Trump may justifiably claim…

Venezuela’s Ministry of Electric Power announced it would disconnect all cryptocurrency mining farms from the national power grid (SEN, Sistema Electrico Nacional). The measure aims to control the high energy demand from these mining farms and ensure reliable service for citizens. AlbertoNews, a local media outlet, reported the announcement on May 18. “The purpose is to disconnect all cryptocurrency mining farms in the country from the SEN [National Electrical System], avoiding the high impact on demand, which allows us to continue offering an efficient and reliable service to all the Venezuelan people,” the Ministry reported in its account in Instagram.…

Mastercard announced the selection of five startups to participate in its Start Path blockchain and digital assets program on Wednesday to foster innovation in blockchain technology and digital asset utilization. As part of Mastercard’s new initiative, these startups will explore new ways to use money to address real-world challenges, enhance user experiences, and broaden the utility of blockchain technology. Mastercard Emphasizes Global Payments Expertise Mastercard highlighted its experience constructing a global payments network, emphasizing its capability to connect regulated money, bank deposits, stablecoins, and central bank digital currencies (CBDCs) with startups. The program’s objective is to drive the development of…

Muneeb Ali, co-founder of Stacks, shared his perspective on the rapid shift towards a diverse and active phase of innovation within the Bitcoin ecosystem. Ali highlighted a notable shift in the challenges faced by Stacks within the Bitcoin ecosystem, with an increased focus on creativity and solution diversity at a panel during Dubai’s Token2049 event “The biggest problem with Bitcoin right now is that there’s so many different, like L2s and protocols,” Ali began, referencing a recent tweet by Kyle Smani of Multicoin. The Stacks co-founder emphasized this as a positive shift from previous perceptions that nobody ever wanted to…

Cardano (ADA) has reached a significant milestone, recording a staggering 90 million transactions on its network. This achievement comes at a pivotal moment for Cardano as it prepares to implement game-changing upgrades. Cardano, often hailed for its robust and research-driven approach to blockchain development, has steadily gained traction within the cryptocurrency community since its inception. The achievement of 90 million transactions serves as a testament to Cardano’s growing adoption and utility, highlighting its ability to support a diverse range of use cases and transaction types. As Cardano continues to expand its reach and capabilities, the timing of this milestone is…

Due to some formalities in the criminal justice system, a world-class team of lawyers, and Fifth Amendment protections of due process, former Binance CEO Changpeng Zhao isn’t yet in prison despite receiving a four-month sentence. On April 30, 2024, a US district judge in Seattle sentenced Zhao to four months at Seatac, an administrative security federal detention center and prison. According to the judge’s signed judgment, Zhao “shall surrender for service of sentence as notified by the Probation or Pretrial Services Office.” Those offices have not yet notified Zhao that he must enter that California prison. Possibilities for sentenced criminals…

The concept of restaking introduces a groundbreaking way for people to utilize their staked cryptocurrency across various protocols simultaneously. This not only boosts reward potential but also significantly enhances the security and scalability of blockchain networks, benefiting the entire crypto ecosystem. Introduction to restaking A common occurrence In the rapidly evolving world of blockchain technology is the development of new mechanisms and protocols that enhance the efficiency and security of existing and future crypto projects. When projects using these new mechanisms or protocols succeed, it is the entire crypto ecosystem that benefits, not just individual projects. One such innovative mechanism…

As the cryptocurrency community eagerly anticipates the upcoming Bitcoin halving event, the words of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, have surfaced, adding intrigue and speculation to the countdown. These statements, believed to have been made by Nakamoto before exiting the social media scene, have sparked renewed interest and reflection on the significance of the halving event. Nakamoto bowed out of the cryptocurrency scene three years after publishing Bitcoin’s white paper and mining the genesis block. On April 23, 2011, he emailed another Bitcoin developer, informing him that he had “moved on to other things.” As the Bitcoin community counts down…

In the not-so-distant past, the realm of online transactions resembled a poorly lit alleyway. Shadows lurked in every corner, and the only guarantee was a gnawing suspicion that something wasn’t quite right. Authorized push payment (APP) fraud, where unwitting victims are hoodwinked into transferring money to fraudsters, thrived in this clandestine environment. Banks, ever the gatekeepers of our financial fortresses, largely washed their hands of the mess, leaving hapless consumers staring at empty accounts and a sickening sense of betrayal. But change, it seems, is afoot across the pond. The British government, in a move that has the payments industry…

Saga and Math Wallet have recently signed a partnership agreement in order to improve the transactional experience and enable easier access to the Saga platform. With this integration progress, users can store Saga tokens easily. In addition to this, this wallet allows users to use their tokens within various dApps. Math Wallet Streamlines Token Use in Saga’s Ecosystem Math Wallet is widely known for its ecosystem, offering various services that facilitate digital assets storage, token transfer, and the use of countless dApps. Integrating the Saga network, Math Wallet allows Saga users to experience the most sophisticated and smooth experience possible…