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.

Helio Made A Set Of Updates To The Solana Pay Plugin For Shopify

AltcoinsJun 16

Helio has made a number of updates to its Solana Pay plugin for Shopify, the cryptocurrency payments company announced Thursday morning. The plugin allows businesses on the e-commerce platform to accept payments through the Solana network. The plugin charges a transaction fee of 0.75%, which is lower than the 1.5 to 3.5% fees typically charged when using credit cards. The new version of the plugin added “hundreds” of cryptocurrencies that can be used for payments: Bitcoin, Ether, Solana, PYUSD and memecoins, including ORE and MOTHER. Previously, the plugin only accepted USDC. Shopify itself does not participate in updates. Anyone can…

SEC’s Gensler says FTX ‘is not unique,’ warns crypto exchanges are commingling functions

LegalJun 16

In a Senate Appropriations Committee hearing today, SEC Chairman Gary Gensler warned that the controversial practices of the now-defunct crypto exchange FTX are not isolated incidents in the industry. “That is not unique,” Gensler said, referring to FTX’s commingling of functions. “It’s happened in multiple places that there’s this commingling.” Gensler emphasized the differences between traditional stock exchanges and crypto exchanges, noting that the latter often engage in activities that would be prohibited in the former. “The NYSE can’t actually also run a hedge fund and trade against their customers or make markets ahead of their customers. But in the…

Colossal $2.53 Billion Bitcoin Withdrawal Stuns Major Exchanges

BitcoinJun 16

In the past 72 hours, about 37,000 Bitcoin (BTC), worth about $2.53 billion, have been taken out of cryptocurrency exchanges, as reported by Ali Martinez. This big move happened as Bitcoin’s price dropped by over 6.5%, going from $71,979 to $67,128 in the same period. A lot of these withdrawals were from Kraken, a major centralized exchange based in the United States. Interestingly, Kraken allows the facilitation of many transactions in Tether (USDT) and Bitcoin, both directly and through over-the-counter (OTC) trades. This specification may suggest that large investors, or whales, are moving their assets, likely to various exchange pools…

Toncoin (TON) Addresses in Profit Hit 100% Amid 245% Large Transaction Jump

AltcoinsJun 16

Toncoin (TON) is currently an industry sensation as it has soared to a new all-time high (ATH) of $8.04, attained just at the time of writing. This ATH boost comes following the 6.42% surge it recorded in the past 24 hours and the more than 7% growth over the past week. Toncoin profitability metric The sensational growth of Toncoin has cemented its place as the ninth largest cryptocurrency by market cap. The biggest beneficiary of this rally are the 21,490 Toncoin wallet addresses, all of which are now in profit, per data from crypto analytics platform IntoTheBlock (ITB). The Toncoin…

CoinDCX and KoinBX Optimistic Despite India’s Strict Crypto Taxes

LegalJun 16

Indian Prime Minister Narendra Modi’s reappointment of Finance Minister Nirmala Sitharaman has drawn mixed reactions from the country’s crypto community, given her previous stance on digital assets and the government’s stringent tax policies. Sitharaman has spoken about international cooperation on crypto policies but maintains that cryptocurrencies should not function as currencies. Despite prioritizing the creation of a global crypto policy during its G20 presidency last year, India imposed a hefty 30% tax and a 1% TDS on crypto gains, dampening hopes for a crypto-friendly environment. Saravanan Pandian, founder and CEO of KoinBX crypto exchange, sees a chance for positive change.…

Bitcoin Breaks to Low End of Trading Range, but June Data Could Be Next Catalyst

BitcoinJun 16

The price of bitcoin (BTC) has traded in an exceptionally tight trading range surrounding $68,000 in the days following the U.S. Memorial Day holiday, but declined to near the week's low in Friday morning trading hours. At 11:45 am ET, bitcoin was changing hands at $67,300, lower by 1% over the past 24 hours and down by more than 2% from two hours earlier when it briefly rose above $69,000. The broader CoinDesk 20 was down 1.1% over the last day. May, though, has been strong for bitcoin, which is now higher by 11% since beginning the month at around…

CFTC Chair Rostin Behnam tells Senate agency can handle greater crypto responsibilities

LegalJun 16

CFTC chair Rostin Behnam said the agency is capable of handling additional crypto responsibilities during a hearing before the Senate Committee on Appropriations on June 13. Behnam denied the suggestion that the CFTC would be “biting off… more than it can chew” if it gained additional crypto authority. He asserted that crypto commodities fall under the agency’s responsibilities and described a gap in regulation that can be filled. Behnam said that the CFTC is “adequately equipped” to oversee markets that it traditionally does but would require additional funding if it gains authority over crypto markets. Behnam also accepted the suggestion…

A New Era for Crypto Accessibility

BlockchainJun 16

In a significant advancement for Ethereum Classic (ETC) users, Alchemy Pay has joined forces with ETC Grants DAO (EGD) to offer a seamless fiat on-ramp service. The partnership is ultimately designed to ease access to ETC by enabling fiat purchases with Visa, MasterCard, mobile wallets, and banking account payments. The combination of services should automate purchases, while guaranteeing compliance and user productivity. The world-recognized fiat payment gateway services of Alchemy Pay guarantees that customers all over the world are able to facilitate their fiat currency into cryptocurrencies. With this partnership, Alchemy Pay services will be able to be integrated on…

21.co debuts Wrapped Bitcoin on Solana, targeting $1 trillion in idle Bitcoin funds

BitcoinJun 16

Crypto services provider 21.co has announced its Wrapped Bitcoin token on the Solana, called 21BTC. This move is set to bridge Bitcoin with Solana’s smart contract capabilities, enhancing liquidity and utility across networks. The announcement adds that tokens “will play a crucial role in the digital transformation of capital markets,” but the on-chain interoperability is still a limiting factor, as the Bitcoin blockchain has over $1 trillion in idle funds that can be easily moved to other chains. Sapphire “Users want to do more with their liquidity, like explore decentralized applications and new opportunities on networks like Solana. 21BTC on…

GameStop Stock Price Plunges as Short Seller Taps Out

RegulationJun 16

Shares of game retailer and Reddit favorite GameStop fell sharply in afternoon trading on Wednesday, capping off a tumultuous few days that saw the meme stock soar to nearly $47 per share last week before closing the trading day at $25.46. The day's trading was particularly volatile, as GME rose to a high of $33.50 Wednesday morning before shedding more than 16% of its starting price by market close. The plunge comes the same day renown short-seller Citron Research—which lost billions on its short position on GME during its headline-grabbing rally three years ago—announced that it was giving up, declaring,…