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.

'Leading Bitcoin L2' Stacks experiences network issues for the 4th time this year

AltcoinsJun 16

The self-proclaimed leading Bitcoin (BTC) second-layer network has experienced issues with its block production, halting for the fourth time year-to-date. Stacks (STX) is a blockchain that connects to the Bitcoin blockchain and can leverage transaction throughput, staking, and smart contracts. On June 14, Colin Wu reported a block interruption for Stacks that lasted more than nine hours. As reported, the network stopped producing blocks at block height 153917, an issue that happened before, multiple times this year. Stacks network issues: ‘Block behavior’ Previously, the Stacks network presented similar issues, which the Stacks Status account on X calls “block behavior.” In…

Gary Gensler could “literally cost Joe Biden the election,” says Mark Cuban

LegalJun 16

Billionaire entrepreneur Mark Cuban has openly criticized Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), suggesting his actions could jeopardize President Joe Biden’s chances in the upcoming election. Speaking at Coinbase’s State of Crypto Summit 2024, Cuban highlighted the potential political fallout from the SEC’s stance on crypto, which he believes could alienate young voters who own crypto. Cuban’s comments were first reported by FOX Business journalist Eleanor Terrett. 🚨NEW: @mcuban says @GaryGensler could “literally cost @JoeBiden the election” because of all the young voters that own crypto. “If he has a political career in mind,…

Bitcoin ‘Realized Volatility’ Showing Very Rare Trend: What Could Be Next

BitcoinJun 16

Data shows that the Bitcoin Realized Volatility metric has fallen to historically low levels. What generally happens after this pattern forms? Bitcoin Realized Volatility Has Decline To Extreme Lows Recently In a post on X, CryptoQuant author Axel Adler Jr has discussed about the latest trend taking place in the Realized Volatility of Bitcoin. The Realized Volatility here refers to an indicator that basically tells us about how volatile a given asset has been based on its price returns within a specified window. When the value of this metric is high, it means that the asset in question has experienced…

Paradigm Third Fund Hits $850M As The Most Recognized VCs

RegulationJun 16

Key Points: Paradigm raised a $850M fund for crypto projects. The firm anticipates new consumer applications in crypto. Paradigm third fund raised $850M to support early-stage crypto projects, reinforcing its influence in the crypto space. Paradigm recently announced the raise of their third fund which reaches 850M. The fund is to be used to support early-stage crypto projects. That said, with great money comes great influence, it duly cements Paradigm’s reputation, along with a16z, as one of the most celebrated VCs in the space. Paradigm Third Fund Hits $850 Million When we founded Paradigm in 2018, we believed that crypto…

Here's How Many BNB Tokens CZ Owns

AltcoinsJun 16

According to a recent report by Forbes, Binance CEO Changpeng Zhao personally owns 94 million BNB tokens (or roughly 64% of the exchange's total supply). Based on the forensic analysis of the wallets conducted by Forbes, CZ controls more than half of the 80 million tokens that he and Binance's founding team received after the exchange's creation. During Binance's initial coin offering (ICO), which took place in 2017, 100 million BNB tokens were allocated for the crowd sale. However, Forbes has now revealed that the ICO was undersubscribed, meaning that demand failed to meet the available supply. According to its…

Coinbase CEO Brian Armstrong Evaluated Presidential Candidate Trump's Crypto Statements! Here are the Details

LegalJun 16

The intersection of cryptocurrency and US politics is becoming increasingly apparent. Coinbase CEO Brian Armstrong emphasized a bipartisan approach during a panel with Ark Invest CEO Cathie Wood, as former President Donald Trump declared himself the “head of crypto” and met with leading Bitcoin mining executives. Coinbase CEO Brian Armstrong Defends Bipartisanship After Trump's Crypto Support During the panel, Wood cited Trump's recent pro-crypto statements and interactions, noting the former president's divisive reputation. However, he acknowledged that Trump's support raises awareness about the crypto movement and highlights its bipartisan potential. Without directly mentioning Trump, Armstrong emphasized the importance of addressing…

Fidelity Ups Bet on Bitcoin as ARK21Shares Pulls Back

BitcoinJun 16

The landscape of cryptocurrency investments through Exchange Traded Funds (ETFs) continues to evolve with dynamic shifts, as indicated by recent data. An analysis of the latest trends reveals substantial movements within various Bitcoin-focused ETFs, showcasing their influence on market behavior and investor sentiment. Substantial Movements in Leading ETFs The data from May 31 illustrates significant activities across several prominent Bitcoin ETFs, reflecting the diverse strategies of asset managers and the fluctuating interest from investors. Fidelity’s Wise Origin Bitcoin Fund led the way, bolstering its holdings by 1,727 BTC, valued at approximately $116 million. This substantial addition brings Fidelity’s total Bitcoin…

GameStop Servers Crash as Fans Flood Board Meeting for Signs of Roaring Kitty

RegulationJun 16

Video game retailer GameStop postponed its annual meeting until further notice after technical difficulties prevented shareholders from joining, due to overwhelming demand from fans and investors trying to listen in on the firm’s next moves. This comes amid speculation that the firm will try to add prominent influencer and investor Roaring Kitty (aka Keith Gill) to its board, after an unverified document announcing the annual meeting of stockholders circulated on social media. During the meeting, shareholders will have to elect five directors to serve for the next year. Some Roaring Kitty fanatics took this as a sign that the GameStop…

Notcoin surges 11%, nearly flips VET, MKR and OP

AltcoinsJun 16

Notcoin (NOT) has surged more than 11% in the past 24 hours, breaking above $0.021 as bulls hit a two-week high. The Telegram-based game token’s price is likely to rally further amid fresh momentum for the related Toncoin (TON) coin, which hit a new all-time high on Friday to push 100% of addresses into profitability. After surging double-digits, Notcoin’s market cap has reached $1.9 billion, ranking the recently launched coin of the viral tap-to-earn game 49th among largest cryptocurrencies by market cap. In comparison, VeChain (VET), Maker (MKR) and Optimism (OP) have all declined over the past 24 hours, dropping…

For Democrats to support crypto legislation, messaging is key: Rep. Nickel

LegalJun 16

One of the crypto industry’s biggest cheerleaders in Washington isn’t seeking reelection, but he’s confident that momentum for moving policy forward can continue with the right messaging. “Looking back at this Congress with probably not a lot of success on bigger bipartisan issues, I’m very optimistic that this could be one of the bright spots,” Rep. Wiley Nickel, D-N.C., said of crypto cooperation on Capitol Hill. Nickel spoke at the Coinbase State of Crypto event in New York Thursday. Earlier in the day, during a conversation with Ark Invest CEO Cathie Wood, Coinbase CEO Brian Armstrong similarly noted that he…