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.

Crypto deposits to Chinese precursor makers surge 600% in 2023

LegalJun 13

Blockchain intel firm TRM Labs says China-based precursor manufacturers received over $26 million in crypto in 2023, with around 60% of payments were made in Bitcoin. Cryptocurrency appears to be becoming a more preferred payment method for Chinese drug manufacturers as the amount of crypto deposited into wallets linked to these entities soared sixfold from 2022 to 2023, according to TRM Labs, a blockchain intel firm backed by JPMorgan Chase, Visa, Citi, and PayPal among others. In a recent research report shared with crypto.news, analysts at TRM Labs revealed that deposits into addresses linked to Chinese drug producers more than…

Binance Tightens Crypto Listing Standards, Targets ‘Zombie Coins’

ExchangesJun 13

Binance co-founder He Yi revealed the exchange’s strategy to address “zombie coins” and maintain competitiveness during a recent Twitter Space hosted by Binance Chinese. https://t.co/G5f4ABjXGB — 币安Binance华语｜Web3钱包已上线 (@binancezh) June 13, 2024 With aims to reach 1 billion users, Binance has recently quadrupled its user base to 200 million in the last two years, and this news coincides with ongoing strong user growth. Yi discussed how Binance regularly evaluates every cryptocurrency listed on its platform, focusing on liquidity, development stage, and any negative information. Despite meeting these requirements, cryptocurrencies receive monitoring labels. This methodical approach ensures that only strong and dependable…

Prophecies Of What To Come

BitcoinJun 13

Death and taxes and 21 million Bitcoin. That is what we know to be certain. The rest is conjecture. Today I wanted to share my big bets on the next halving. I am sure I will cringe in 4 years at some of these “prophecies” but some of them will come true. I don’t have a ton of data to back up these predictions, some are gut feelings, others are random. All I know is that the future is weird. 3 Zeta Hash Mining Based on my experience mining during the previous cycle, I learned a valuable lesson in trying…

South Korean retail giants withdraw from NFT sector amid market slowdown

NFTJun 13

Several South Korean retail giants, including Lotte and Hyundai, are exiting the non-fungible token (NFT) sector, marking a significant shift in their digital strategy. The companies’ move follows a notable slowdown in the NFT market, prompting them to refocus their plans on their core business competencies. According to a local South Korean news outlet, Lotte Home Shopping, the e-commerce arm of retail giant Lotte, announced it would end operations for its NFT shop platform. Lotte launched its NFT services over the platform in May 2022. However, after just two years, the firm revealed on June 12 that it would shutter…

GameStop Hero Roaring Kitty's Fans Are Getting Carried Away

RegulationJun 13

Moderators on GameStop hero Roaring Kitty-endorsed subreddit SuperStonk have had to issue a warning to its community to stop doxxing the meme stock influencer and his family. “We've noticed a HUGE uptick in pictures of [Roaring Kitty’s] family, including his wife/sibling(s),” the community post read. “They're totally unrelated to his activity as an investor and streamer, and his family and friends deserve their privacy. Posting their photos... honestly it's a little creepy and violates their privacy. Don't do it.” Fans of the GameStop investor are clearly getting carried away. The post explains that the moderators aren’t sure whether the posts…

Shiba Inu L2 Chain Shibarium Adds 375K+ Wallets in 4 Days as Adoption Spikes

AltcoinsJun 13

Shibarium, the Shiba Inu ecosystem layer-2 blockchain, is witnessing an uptick in adoption, having seen an influx of over 375,000 wallets over the last 4 days. The Shiba Inu ecosystem development team introduced Shibarium last August to help address Ethereum’s high gas fees and reduced transaction speed for market participants dealing on ecosystem tokens such as Bone ShibaSwap (BONE), Doge Killer (LEASH) and SHIB. Shibarium has since commanded impressive adoption, with daily transactions especially witnessing massive spikes last December. For context, the layer-2 network recorded 20 million transactions within three days in early December 2023, as adoption skyrocketed. However, amid…

Bitcoin technical analysis hints at BTC surge toward $75,000

BitcoinJun 13

Given its position as the world’s premier cryptocurrency and its sheer market capitalization, Bitcoin (BTC) has always served, to an extent, as the microcosm of the broader crypto market. At the very start of June 2024, this does not only still appear true but also looks as though it has expanded as BTC is, at the time of publication, apparently poised both for a deeper crash and a significant surge after a period of relative stagnation and sideways trading. Indeed, such a sense of a simultaneous boom and bust can be seen across different assets, with the overall economy in…

Enjin Collaborates with Top Music Artists to Rise in the Real-World Asset Realm

NFTJun 13

Enjin, the famous platform that develops blockchain solutions concerning the gaming industry, has initiated an exclusive partnership. The company is reportedly joining forces with a leading music artist “George Murphy” as well as “The Rising Sons” to occupy a significant position in the sector of real-world assets. In this respect, the platform has already sold up to 50M vinyl records. Enjin Partners with George Murphy to Innovate the Real-World Asset Sector George Murphy operates as a widely-selling music artist as well as a songwriter. He has collaborated with Enjin to impact millions of music listeners and artists around the globe.…

Oasis Pro Partners with R&S Partners to Unveil R&S Avalanche Infrastructure Fund

RegulationJun 13

Oasis Pro, a provider of global fintech infrastructure for real-world assets and digital securities, is partnering with Rise & Shine Partners to launch the R&S Avalanche Infrastructure Fund in the coming months. Rise & Shine Partners, the manager of the Fund, purposes the Fund as an investments fund. It aims to help Avalanche achieve this growth by providing direct staking to Avalanche infrastructure, network, and applications. Rise & Shine Partners Identify Growth of Avalanche Network Oasis Pro Markets, a subsidiary of Oasis Pro and a member of FINRA / SIPC, has been engaged as the Fund’s placement agent. This partnership…

Ripple CTO Says He’s Not a Billionaire, Holds 1M to 10M XRP

AltcoinsJun 13

Contrary to the prevalent belief across the XRP community, Ripple CTO David Schwartz has reiterated that he is not a billionaire. Schwartz re-emphasized this position in a recent post on X when a surprised XRP enthusiast noted the Ripple CTO’s perspective during a live NBA league. Specifically, Schwartz had commented on the recent Golden State Warriors vs. Utah Jazz match, sharing a photo depicting the event’s record. The camera angle suggested he was at an elevated vantage point. This prompted questions from an XRP enthusiast who wondered how Schwartz, supposedly a billionaire, did not have courtside seats for a premium…