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Author: 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.

Regulation

Kraken Ventures Unveils Ambitious Second Fund Launch for Later This Year!

By NBTC

Key Points: Brandon Gath of Kraken Ventures asserts a rebound in cryptocurrency and Web3 startup valuations after recent declines. Kraken Ventures plans to raise $100 million for its second fund, which will focus 80% on equity and 20% on tokens. Brandon Gath, managing director of Kraken Ventures, one of the largest enterprise cryptocurrency and blockchain venture capital firms, has pegged a market rebound from its previous dives. According to Global Corporate Venturing, funding and valuations for cryptocurrency and Web3 startups have soured significantly over the past 18 months. However, Gath believes that the market has already turned around. Of Kraken…

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Altcoins

Andrew Tate’s DADDY token shows “huge insider activity”; investigator profile blocked

By NBTC

An investigation by Bubblemaps recently identified substantial insider trader activity related to Andrew Tate’s token DADDY. Insiders reportedly acquired 30% of the token’s supply at its inception, before Tate’s promotion on social media platforms. These insiders allegedly hold over $45 million worth of $DADDY currently. Following the publication, Tate blocked Bubblemaps on X. The DADDY deployer address sent 40% of the token to Andrew Tate, who bought $10,000 from the asset and burned it. However, the supply sent by the deployer address is still in his possession. Furthermore, although Tate said he wasn’t selling any of his tokens and stuck…

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Legal

Biden Admin to Attend Bitcoin Roundtable With Key Congressional Officials in DC

By NBTC

U.S. Congressman Ro Khanna, representing California's 17th congressional district, is set to host a Bitcoin and blockchain roundtable in Washington D.C. in early July, according to a private email sent by Khanna's Office, seen by Bitcoin Magazine. Khanna's Office described the upcoming meeting as "the most significant meeting between policymakers and innovation leaders in blockchain to date." The roundtable is expected to feature officials from the Biden Administration, House, and Senate, alongside American businessman Mark Cuban, according to the email. The primary objective of this meeting is to strategize on how to keep "Bitcoin and blockchain innovation in the United…

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Blockchain

Ethereum Layer 1 and 2 monthly active users surpass 25 million milestone amidst crypto bloodbath

By NBTC

Monthly active users on Ethereum chain’s Layer 1 and 2 projects have crossed 25 million per Token Terminal data. Despite the rise of Ethereum’s competitors like Solana, with the meme coin narrative, Ether remains relevant among traders. Total value locked in Layer 2 and 3 projects exceeds $43.99 billion at the time of writing. Ethereum’s Layer 1 and Layer 2 chains have noted a consistent increase in activity in 2024. Monthly active users (MAU) have surpassed the 25 million milestone per data aggregator Token Terminal. Despite the rise in different narratives like meme coins and celeb tokens that made Solana…

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Metaverse

Kantana and The Sandbox are on a joint venture

By NBTC

The Sandbox, a market-leading metaverse platform, and Katana, Thailand’s top-rated internet company, are on a joint venture to produce the inspirational future of metaverse entertainment. The unique partnership utilizes Kantana’s storytelling capability with the Sandbox’s user-generated content instruments. Kantana has already gained amazing results with the Sandbox and it denotes their expertise in crafting attractive experiences. The top executives of The Sandbox are thrilled to welcome Kantana to the Sandbox and the new partnership will lead to promoting a vibrant atmosphere for innovative games within the metaverse. The recent collaboration will bring their stories and characters to a new audience…

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Bitcoin

AI revises Bitcoin price prediction for end of 2024

By NBTC

Although Bitcoin (BTC) has continued to consolidate its previous gains, pulling the rest of the cryptocurrency market with it as it sets the current slightly bearish mood, artificial intelligence (AI) platforms have retained their bullish optimism on the price of Bitcoin by the end of this year. Indeed, not long after it surpassed the massively important psychological price level at $70,000, the largest asset in the crypto sector by market capitalization has returned below it, struggling to return above the $68,000 resistance area from where it could start to recover. Bitcoin price prediction 2024 Nonetheless, an advanced AI algorithm that…

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Ethereum

The bitwise revises ether ETF filing with potential $100M pantera investment

By NBTC

Bitwise Asset Management has revised its Form S-1 registration statement for its spot Ether (ETH) exchange-traded fund (ETF), highlighting a potential $100 million investment upon its launch. Notably, the SEC filing indicates that Pantera Capital Management has shown interest in purchasing up to $100 million of shares in this Ether ETF. However, these indications are not binding commitments, leaving open the possibility of purchasing more, fewer, or no shares at all. This revision is a crucial step in the approval process for the spot Ether ETFs to be publicly traded, which SEC Chair Gary Gensler anticipates might occur by the…

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Regulation

Binance's Venture Capital Arm, Binance Labs, Announced the Latest Project It Invested in!

By NBTC

Binance Labs has invested in Rango, a cross-chain decentralized exchange (DEX) and bridge aggregator. Binance Labs Invested in Rango Binance Labs, the venture capital and incubation arm of Binance, has made a strategic investment in cross-chain decentralized exchange (DEX) and bridge aggregator Rango. Rango's interoperability supports the growth of DeFi by enabling seamless transactions between different blockchain ecosystems. This investment aims to improve Rango's capabilities for easy transactions across multiple blockchain ecosystems and fuel the growth of decentralized finance (DeFi). Rango's broad interoperability supports major blockchains including Bitcoin (BTC), Solana, Tron, Cosmos Ecosystem, Starknet, and others. This makes Rango a…

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Altcoins

Binance-Listed Altcoin Dropped 50 Percent in the Last Week: Developers Explained Why

By NBTC

Highstreet (HIGH), an altcoin listed on the cryptocurrency exchange Binance, has experienced a significant decline in its token price in the last week. The value of the token dropped from a high of $8.87 to a low of $2.89. According to the developers, this drastic drop was the result of a malicious attack that led to the sale of 20 million tokens. The attack was meticulously planned and executed. Malicious actors initially purchased tokens from the South Korean exchange Bithumb and then laundered them through the BSC bridge. This strategy effectively concealed their identities, making it difficult for the Highstreet…

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Legal

Ripple's Top Lawyer: SEC Is "Raging"

By NBTC

Stuart Alderoty, Ripple's top lawyer, has reacted to the U.S. Securities and Exchange Commission's recent filing, claiming that the agency is "raging." Alderoty argues that there are no victims to compensate, adding that his company is currently "thriving." Moreover, Ripple's top legal mind claims that the SEC has now abandoned its demand for $2 billion worth of fines and penalties. cardLast week, the company cited the Terraform case in a notice of supplemental authority to its opposition to the agency's motion for remedies and entry of final judgment. Terraform Labs has agreed to shell out $4.47 billion in order to…

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