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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.

Whale Moves Millions in ONDO and Jasmy Coin JASMY

Altcoins

Major investors in real-world asset tokenization projects like Ondo Finance (ONDO) and Jasmy Coin (JASMY) have recently made significant withdrawals from the cryptocurrency exchange Coinbase, signaling a potential shift in market sentiment despite recent losses. Through an update on X platform, crypto-surveillance service “The Data Nerd” drew attention to significant movements of ONDO and JASMY tokens from the U.S.-based exchange Coinbase. Using data from Arkham Intelligence, the market watcher revealed that a whale recently transferred 1.5 million ONDO tokens, valued at approximately $1.93 million, to cold storage. At the same time, the data indicated that the investor similarly moved 120…

Coinbase derides SEC's $2.6 billion budget request; American Securities Association calls for lower amount

Legal

Coinbase objected to the SEC’s $2.6 billion budget request for the 2025 fiscal year. In a statement to CryptoSlate on June 13, a Coinbase representative said: “Yet again the SEC asks for more money that will go to regulation by enforcement when it has used none of its massive budget for real crypto rulemaking that would actually foster regulatory clarity.” The SEC’s multi-billion dollar budget request includes $812.4 million allocated to enforcement, up from $675.6 million in 2024. SEC chair Gary Gensler said the budget would increase the SEC’s Divison of Enforcement by 27 full-time equivalent (FTE) positions to 1,447.…

Chainlink’s CCIP Enables Seamless Onchain Payments for XPay by XSwap

Blockchain

XSwap has adopted Chianlink’s CCIP for its new XPay tool, ensuring secure and efficient onchain payments with top security and easy integration for cross-chain transactions. The integration of Chainlink CCIP into XSwap’s ecosystem represents a significant enhancement in security and cross-chain transaction capabilities. Chainlink has confirmed its position as the industry-standard protocol for secure cross-chain value transfers with its latest use case. XPay, developed by XSwap, is now utilizing Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate onchain payments. XSwap expressed its excitement about the launch of XPay, a robust tool designed for cross-chain transactions, promising top security powered by Chainlink…

You can’t argue with Bitcoin’s success

Bitcoin

Martin expressed optimism about Bitcoin ETFs, highlighting their potential and the resources they’ve already brought to Wall Street Lynn Martin, president of the New York Stock Exchange Group, expressed this optimism at Consensus 2024 when asked about the launch of Bitcoin (BTC) ETFs and the potential they hold for Wall Street. She cited the resources they have already brought to the market. “We’ve been having conversations with the SEC for more than six years about Bitcoin ETFs,” Martin said in an interview. “I think you can’t argue with the success of Bitcoin ETFs and the liquidity it has brought to…

If you invested $1,000 at the start of 2024 in a Robert Kiyosaki portfolio, you'd now have this much

Regulation

2024 has brought impressive gains to the stock and cryptocurrency market, with commodities such as silver and gold not far behind. Famous investor and finance author Robert Kiyosaki has been firmly against fiat money, which he has called ‘fake money’ while arguing that the rich purchase and save what he referred to as ‘real assets’ with cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) as well as precious metals like gold and silver. Kiyosaki sees these assets as fundamental countermeasures to inflation and has boasted about having these holdings in his portfolio on multiple occasions. In light of…

ZKSync Airdrop Eligibility Criteria Now Unveiled With 89% For Users

Altcoins

Key Points: ZkDai targets active users and contributors for the ZKSync airdrop. User allocations consider eligibility criteria, bridged amount on ZKSync Era, and wallet history. The airdrop mainly focuses on the ZKSync Era, the first ZK chain. ZKSync airdrop eligibility relies on user contribution and activity. 89% is allocated to users meeting criteria, 11% to contributors. Factors like asset holding and blockchain history impact allocations. ZKSync Airdrop Eligibility Criteria Now Unveiled With 89% For Users Recently, ZkDai detailed the eligibility criteria pertaining to the ZKSync airdrop. The airdrop allocation is mostly targeted at real users who would demonstrate the highest…

Can $2B Fine Be Reduced? Will Terraform Labs Settlement Influence Outcome?

Legal

Ripple Labs has challenged the U.S. Securities and Exchange Commission (SEC) on their $2 billion fine in the ongoing lawsuit. On Thursday, the company’s attorney stated in a “notice of supplemental authority” that the penalty proposed by the SEC is excessively punitive. In addition, they brought the comparison with the recent Terraform Labs settlement, and persuaded the court that the case of Ripple can be justified through a significantly lower fine. Leveraging the Terraform Labs Settlement The Ripple vs SEC lawsuit has witnessed extreme scrutiny as well as high stakes. Therefore, Ripple’s lawyers are now leveraging the recent settlement that…

ZK Rollups Bring Ethereum's Decentralized Vision Into Focus

Blockchain

In 2015, the Ethereum protocol proposed a vision for a decentralized world computer capable of rearchitecting a free and open internet – removed from the whims and constraints of centralized entities. While Ethereum has become the foundation for Web3 as we know it, its growth was underscored by the upgrades that would be required to realize its full potential. As a result, layer 2 has emerged as clear frontrunners in the race to scale the network for mass adoption. Systems using zero-knowledge (ZK) technologies are among the most promising – and their potential isn’t limited to scaling. Mihailo Bjelic is…

US Financial Advisors Explain Why They “Don’t Offer Bitcoin to Their Clients” Despite Bitcoin ETFs

Bitcoin

Despite the initial enthusiasm surrounding Bitcoin ETFs, financial advisors appear to be taking a cautious approach, according to analysts. The launch of these regulated funds was largely driven by the need to provide a safe investment avenue for wealthy clients interested in Bitcoin. However, six months after launch, the expected popularity among advisors for these funds has yet to materialize. Many advisors remain skeptical of Bitcoin now, as they were before the launch of ETFs. However, this does not mean that ETFs have failed. On the contrary, Bitcoin ETFs have been lauded as some of the most successful ETF launches…

No, Saudi Arabia isn’t ditching the dollar for Ripple in its oil trades

Regulation

There is a legend that in 1973, US president Richard Nixon and secretary of state Henry Kissinger made a secret deal with Saudi Arabia to price oil exclusively in dollars, thus pegging the currency to oil and birthing the petrodollar. According to the myth, the US provides military protection for Saudi Arabia’s oil fields in exchange for the kingdom’s role in enforcing US dollar hegemony over the world’s most valuable commodity market. Supposedly, the country’s sovereigns signed a 50-year petrodollar pact on June 6, 1974, which expired on or around June 9, 2024. If that were true, this week would…