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.

zkSync Slumps: OKX CEO Offers Counter-Narrative

AltcoinsJun 15

OKX CEO Star Xu has questioned the growing criticism surrounding zkSync, a layer-2 scaling solution for Ethereum. Many have accused zkSync of being a “scam,” particularly in the wake of its recent airdrop. Xu, however, has raised the possibility that this backlash might stem from disappointment over the airdrop’s distribution. Why a lot of crypto influencers blame zksync as a scam? Is it because of the airdrop doesn’t meet the original community expectations? https://t.co/qimSoQ6efH — Star (@star_okx) June 15, 2024 The post on X (formerly Twitter) came in response to a message posted by influencer Sarkesh, a prominent voice on…

Two Men Charged With Running Darknet Marketplace Empire Market

LegalJun 15

Federal prosecutors in Illinois have charged two men with owning and operating Empire Market, a darknet marketplace, according to court documents filed Friday. Prosecutors say Thomas Pavey, 38, of Florida, and Raheim Hamilton, 28, of Virginia, owned and operated Empire Market from 2018 to 2020. During the period Empire Market operated, prosecutors say the pair processed $430 million in transactions on the site, which allowed users to anonymously purchase illegal goods and services. According to a Thursday press release from the Department of Justice (DOJ), Empire Market was used to sell things like drugs and stolen credit card information. All…

BONE Listing Confirmed by Top Indonesia Exchange

ExchangesJun 15

Popular Indonesia trading platform Triv Exchange announces the listing of Bone ShibaSwap (BONE), the governance token of Shiba Inu’s decentralized exchange. Following the listing, Triv emphasized that users can deposit and withdraw BONE via the Ethereum network. Despite opening BONE deposits and withdrawals, the token has not commenced trading on the exchange in the hours leading up to press time. Also, Triv did not reveal when trading will officially begin. In addition to BONE, Triv added support for two other tokens, Bitget Wallet Token (BWB) and Bitget Token (BGB). In a follow-up post, the top Indonesian-based exchange also provided details…

Chart patterns identify explosive BTC levels to watch

BitcoinJun 15

Bitcoin (BTC) continues to cling to the $67,000 mark, with bears and bulls failing to push the maiden cryptocurrency’s price in either direction significantly. Amid the standoff, crypto trading expert TradingShot has pointed out that chart patterns indicate a possible explosive Bitcoin price breakout. In a TradingView post on May 31, the expert noted that Bitcoin is on the verge of completing the right shoulder of the inverse head and shoulders (IH&S) pattern, a bullish indicator that emerged following the cryptocurrency’s all-time high on March 14. The IH&S pattern, a well-known bullish reversal formation, suggests a shift from a downtrend…

President of $4,250,000,000 Investment Firm Says Crypto Markets Still Have ‘Quite a Way To Run’ – Here’s Why

EthereumJun 15

The president of a multibillion-dollar investment firm says that the digital assets market still has a long way to run. In a new interview with Bloomberg, 21Shares co-founder and president Ophelia Snyder says that the crypto markets are still in their infancy despite having an overall market cap of $2.6 trillion. “[Our] short-term outlook is that we’re still really early, which is something I think people are forgetting right now [because] they’re seeing the massive assets coming into US products, some of the most successful ETF (exchange-traded fund) launches of all time… It’s still really early. Most institutions [are] still…

Coinbase Claims FED Could Surprisingly Cut Interest Rates Aggressively: “It Would Benefit Cryptocurrencies”

RegulationJun 15

In a world where many cryptocurrency projects rely on artificial intelligence (AI), the growth of artificial intelligence has led to increased competition for processing chips. However, Coinbase research analysts David Duong and David Han predict that artificial intelligence and technology-driven efficiency gains will unexpectedly affect cryptocurrencies by reducing inflation. According to analysts, this decline could lead to lower interest rates and thus increase the appetite for riskier assets such as crypto. “We believe the disinflationary effects of AI and technology-driven productivity gains will continue their trend of moderating inflation throughout this year,” analysts said in a report published today. The…

Zilliqa Unveils Groundbreaking Features in 2.0 Whitepaper

AltcoinsJun 15

The Zilliqa 2.0 whitepaper has just been released, revealing significant updates that aim to transform the network into a user-friendly, efficient blockchain. These enhancements position Zilliqa as a formidable force in the Web3 domain. introducing the Polygon Governance Hub — a unified & transparent interface for community governance, developed with @AragonProject. built hand-in-hand with the community, the hub marks the next chapter of Polygon governance and community ownership. more on what this means 🧵 pic.twitter.com/CrAg6QwKwG — Polygon | Aggregated (@0xPolygon) June 14, 2024 The introduction of X-shards represents a pivotal upgrade in Zilliqa’s sharding technology. This new structure allows for…

SEC New Filing in Ripple Case Stirs Settlement Debate in XRP Community

LegalJun 15

Following the SEC’s latest filing in the Ripple case, XRP community members speculate that the parties could settle this summer. The U.S. Securities and Exchange Commission (SEC) has filed its response to Ripple’s supplemental authority letter regarding the Consent Judgment in the SEC v. TerraForm Labs (TFL) lawsuit. Ripple Supplemental Authority Recall that Ripple filed the letter on June 13 to further support its opposition to the SEC’s remedies-related demand of $2 billion. According to the TFL Consent Judgment, the defendant agreed to settle the SEC lawsuit by paying over $3.58 billion disgorgement and a civil penalty of $420 million.…

BitU Protocol Integrates MirrorX for Secure Off-Exchange Settlement

ExchangesJun 15

BitU Protocol has recently integrated MirrorX, a solution developed by Ceffu. This integration will enhance its off-exchange settlement capabilities and support its yield-generation strategies on Binance which is the world’s largest crypto exchange. We're happy to announce that @BitU_Protocol has integrated with our MirrorX solution for off-exchange settlement. Learn more about the integration 👉 https://t.co/0HkSWprTrp pic.twitter.com/VAiJSgTBTl — Ceffu (@CeffuGlobal) June 14, 2024 MirrorX Enhances Asset Security for BitU on Binance MirrorX offers institutional clients such as BitU a safe means of placing their funds within Ceffu’s care. Such assets can be easily delegated or undelegated to and from Binance Exchange…

Grayscale’s GBTC and Vaneck’s HODL Report Outflows as US Bitcoin ETFs Gain $50M

BitcoinJun 15

On Friday, U.S. spot bitcoin exchange-traded funds experienced their 14th consecutive day of inflows, totaling around $50 million. Leading the inflows once more was Blackrock’s IBIT, while Grayscale’s GBTC saw outflows. $1.7B in Trade Volume and $50M in Inflows During Friday’s Bitcoin ETF Trading Sessions Approximately $50 million in inflows were reported during Friday’s spot bitcoin exchange-traded fund (ETF) trading sessions. The day’s total trade volume amounted to about $1.73 billion. Both Grayscale’s GBTC and Vaneck’s HODL registered outflows, with HODL’s being significantly smaller than GBTC’s. Among the 11 funds, only IBIT and FBTC experienced gains, with Blackrock’s Bitcoin Trust…