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.

White House Expected to Nominate CFTC Commissioners to FDIC, Treasury Roles: Reports

LegalJun 16

Commodity Futures Trading Commission, Commissioner Christy Goldsmith Romero is expected to get nominated to be the next Federal Deposit Insurance Corporation Chair. Kristin Johnson, another Democratic commissioner, will also be nominated for the role of Assistant Secretary for Financial Institutions at the Treasury Department, at the same time. She has been outspoken when it comes to crypto, once commenting that the mood in Washington was to "get it right," when it came to regulation. The White House is expected to nominate U.S. Commodity Futures Trading Commission Commissioner Christy Goldsmith Romero as the next Federal Deposit Insurance Corporation (FDIC) chair and…

Brand New Bitcoin Use Case Hinted at by Gabor Gurbacs: Details

BitcoinJun 16

Strategic advisor at Tether Gabor Gurbacs has commented on the recently published news about India moving its gold supply from the U.K. and then back again. Gurbacs's tweet hints that this could have been done much easier if India had adopted BTC, or at least added the leading cryptocurrency to its balance sheet. India moving gold back from U.K.'s central bank One of Bitcoin’s “key selling points” is that it is easy to transact or transport if one uses a cold wallet and is much easier to store than physical gold. The financial expert and Bitcoin maximalist shared a recently…

Solana-Based NFT Platform Defies Sideways Crypto Market, Surges by About 30% This Week Amid Increased Activity

NFTJun 16

The native token for a Solana (SOL)-based non-fungible token (NFT) platform surged by nearly 30% this week, defying the wider crypto market doldrums. Metaplex (MPLX), which aims to facilitate the creation, sale and management of NFTs, clocked price gains this week after it drew attention to its swelling on-chain activity. The project notes on the social media platform X that 834,000 unique wallets directly signed transactions with its protocol in May, its highest month of all time. Source: Metaplex/X Metaplex also notes that last month, 3.1 million new wallets collected a digital asset created through the project. Source: Metaplex/X Metaplex…

Over $372 Million Worth of Solana (SOL) Shift Hands: Details

AltcoinsJun 16

In a notable series of whale transactions today, more than $372 million worth of Solana (SOL) has changed hands, according to Whale Alert, a leading blockchain transaction tracker. The substantial whale movements come at a time when the broader cryptocurrency market is experiencing a bearish phase with no signs of momentum. Whale Alert reported that 1,000,000 SOL, valued at approximately $147.85 million, had been transferred from an unknown wallet to a new, unidentified crypto wallet. Shortly after, they reported another transaction involving 1,519,488 SOL, valued at around $224.64 million, transferred between unknown crypto wallets. Solana's struggles and market sentiment These…

EU Body Publishes Final Draft Technical Standards for Prudential Matters: MiCA

LegalJun 16

The European Banking Authority published the final version of draft technical standards on prudential matters for firms to comply. The technical standards are part of the European Union's Markets in Crypto Asset legislation. The European Banking Authority (EBA) published on Thursday the final draft technical standards on prudential matters for firms to comply with under the Markets in Crypto Assets (MiCA) legislation. The wide-ranging package of bespoke rules for the crypto sector, MiCA was passed last year. The legislation comes with rules for crypto companies and stablecoin issuers. The EBA's standards set out a criteria for stress testing programmes and…

Bitcoin (BTC) Rolls out Latest Core Update; What's New?

BitcoinJun 16

The Bitcoin network is set to receive a fresh update with the release candidate of Bitcoin Core v27.1rc1 now available. In a new tweet, the Bitcoin Core development team has announced that the new release candidate, v27.1rc1, is now available for testing. This marks a significant step forward following the launch of version 27.0 in mid-April. Release candidates are test versions for releases. When no critical problems are found, this release candidate will be tagged as v27.1. A new release candidate of Bitcoin Core, v27.1rc1, is available for testing. This is a new minor release, and follows v27.0. It is…

the documentary on the history of CryptoPunk is online

NFTJun 16

This week, “What the Punk!” was released, the new 80-minute documentary that tells the story of the famous CryptoPunk and the pioneers of crypto and NFT Art. NFT Art with “What the Punk!”: 80 minutes of documentary on the history of the CryptoPunk NFT Art: the CryptoPunks told in the new documentary “What The Punk!” The sales of the CryptoPunk collection NFT Art with “What the Punk!”: 80 minutes of documentary on the history of the CryptoPunk On June 11, 2024, “What The Punk!” was released, an 80-minute documentary that explores the extraordinary history of the CryptoPunk and the birth…

Cardano Price, Revenue, Active Addresses, Transactions Rise in Q1 2024: Messari

AltcoinsJun 16

Cardano records significant growth in price, circulating market cap, revenue, average daily active addresses, and transactions in the first quarter of 2024. Prominent crypto analytic firm Messari disclosed this in a recent report titled “State of Cardano Q1 2024.” According to the data, the Cardano ecosystem saw immense growth in key metrics in the first quarter of 2024 compared to the previous quarter, Q4 2023. ADA Price and Circulating Market Cap Messari’s data confirmed that Cardano’s native token, ADA, ended Q1 2024 with a price of $0.64, marking an increase of 7% from the value recorded at the end of…

Turkish Minister of Finance Reveals Postponement of Law on Exchange Taxation

LegalJun 16

Minister of Treasury and Finance Mehmet Şimşek announced that the draft tax study for the stock market has been postponed for a while. In his post on his X account, Minister Şimşek stated that the package containing tax regulations aimed at increasing efficiency and justice in taxes and reducing informality will be presented to the Turkish Grand National Assembly soon. Minister Şimşek said, “In line with the feedback from all relevant parties, we are postponing the draft tax study for the stock exchange for a while to re-evaluate.” “The package, which includes tax regulations aimed at increasing efficiency and fairness…

Bitcoin (BTC) Price Reacts to US Macro Data

BitcoinJun 16

The personal consumption expenditures (PCE) price index experienced a 0.25% uptick in April. The 12-month change was 2.75%, which is a three-year low. This is in line with analysts' expectations, which is why Bitcoin's reaction is somehow muted. The largest cryptocurrency is currently trading at $67,446 after failing to hold above the $68,000 level. Jeroen Blokland, founder of the Blokland Smart Multi-Asset Fund, has suggested that the members of the Federal Open Market Committee (FOMC) should already start their rate-cutting engines. However, former Federal Reserve Vice Chair Roger Ferguson has suggested that the Federal Reserve might hike rates again if…