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.

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…

UK Issues Urgent Warning on Crypto Investment Firm Digital Assets Nest

LegalJun 13

The Financial Conduct Authority (FCA), the UK’s financial regulator, has issued an urgent warning about Digital Assets Nest, a crypto investment firm. The FCA warns that this firm is promoting financial services without proper authorization, posing significant risks to investors. FCA Flags Digital Assets Nest as an Unauthorized Crypto Firm In its warning about Digital Assets Nest, the FCA advises against dealing with this firm to avoid potential scams. The agency stated that engaging with such firms can result in significant financial losses. It encourages investors and traders to ensure they deal with authorized firms to safeguard their investments and…

Edward Snowden Delivers Iconic Bitcoin Line as Berkshire Hathaway Falls 99.97%

BitcoinJun 13

A technical malfunction at the New York Stock Exchange on Monday caused a temporary disruption in trading, leading to a significant drop in the A-class shares of Berkshire Hathaway, the investment conglomerate chaired by Warren Buffett. The glitch, which prompted trading halts and sparked an investigation by the NYSE, attracted the attention of the cryptocurrency community. This caused a particularly funny reaction in the crypto community. So many crypto enthusiasts reminded Warren Buffett of his criticism of the main cryptocurrency. In particular, the famous investor called Bitcoin a “gambling asset” that is worthless. Many noted that, unlike Berkshire Hathaway stock,…

Curve Founder Michael Egorov Risks Liquidation: CRV Drops 35%

DeFiJun 13

The price of Curve DAO (CRV) plummeted by up to 35% within a few hours. This sharp decline came after news broke that Michael Egorov, the founder of Curve, might face liquidation. Egorov, a key figure in the decentralized finance (DeFi) sector, is currently navigating a precarious trading situation. Curve Founder’s Potential Liquidation Causes Panic According to Arkham, an on-chain analysis platform, Egorov is close to seeing $140 million worth of CRV liquidated. He has borrowed around $95.7 million in stablecoins, primarily crvUSD, against $141 million in CRV distributed across five accounts on various lending protocols. “Based on current rates,…

Ordinals and Runes Reach $1 Billion Market Cap

NFTJun 13

In a significant milestone for Bitcoin-based non-fungible tokens (NFTs), the combined market capitalization of popular collections such as Ordinals and Runes has surged past $1 billion, according to Coingecko. This growth is underscored by increasing trading volumes and user adoption, signaling a robust expansion within the Web3 sphere. Report Reveals Emerging Dynamics in Bitcoin Ordinals and Runes Market Coingecko’s latest report highlights the burgeoning interest in Bitcoin NFTs, with specific collections like Nodemonkes and Bitcoin Puppets leading the charge. In May 2024, Nodemonkes boasted a market cap of $198.25 million, while Bitcoin Puppets reached $144.12 million. The study shows daily…

Mistral Is Now Worth $6 Billion, Drawing Fresh Cash Amid Open-Source AI Boom

RegulationJun 13

AI startup Mistral has closed a substantial €600 million (about $644 million) funding round, the Paris-based firm announced on Tuesday. The fundraise was reportedly based on a company valuation of $6 billion—a nearly threefold increase from its $2 billion valuation in less than six months. “Mistral AI has grown about 3x in valuation since December and about 25x in the last 12 months,” Mistral AI researcher Devendra Chaplot wrote on LinkedIn—adding that the company is hiring. The Series B fundraising round was led by General Catalyst, with participation from notable investors like Lightspeed Venture Partners, Andreessen Horowitz, Nvidia, Samsung Venture…

Bitcoin Shows Strong Bullish Signals and Increased Institutional Interest

BitcoinJun 13

Wisconsin’s recent disclosure of a $162 million investment in Bitcoin through ETFs managed by BlackRock and Grayscale has caught the attention of market analysts and investors alike. This investment, part of a massive $180 billion fund, suggests a strategic approach by the state to cryptocurrency. Marquette University professor emeritus David Krause commented on the development, describing it as an “entry point” and predicting that this move could be a “trial run” for further investments. Krause anticipates other states will follow Wisconsin’s lead, enhancing Bitcoin’s legitimacy in institutional circles Bitcoin IFP verisi güçlü boğa sinyalleri üretiyor. "Büyük borsalardan türev borsalarına yapılan…

Raydium Integrates with Serum DEX

DeFiJun 13

Raydium, a decentralized finance (DeFi) protocol operating on the Solana Blockchain, has integrated with Serum DEX, enhancing trading capabilities through an automated market maker (AMM). By combining the flexibility of AMMs with the reliability of traditional order book mechanisms, Raydium facilitates efficient, liquid, and cost-effective trading. Users can earn RAY coins by providing assets to liquidity pools and staking these tokens for additional rewards. Additionally, Raydium’s AcceleRaytor platform assists new projects in raising capital within the Solana ecosystem. Contents hide 1 How Does Raydium Work? 2 What Sets Raydium Apart? 3 Key Benefits for Users 4 Conclusion How Does Raydium…

Access Protocol launches $25,000 quest with Superboard to introduce transferable subscriptions

NFTJun 13

Access Protocol has launched a Subscription Quest initiative with Superboard to introduce its new transferable subscription feature, which offers up to $25,000 in prizes. Transferable Subscriptions are designed to revolutionize interactions with creators. These subscriptions utilize compressed NFTs to enable the creation, purchase, sale, and transfer of Access subscriptions. According to the protocol, this feature is the final component of its Access v2 upgrade. The protocol explained that its Quest initiative aims to engage both new and existing users. The campaign celebrates community, innovation, and a forward-thinking approach to digital content consumption. It stated: “This campaign is set to not…

Bitcoin Lightning Network and Layer 2 Scaling Could Be 'Abused by Criminals', Says EU

LegalJun 13

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE A new report from the EU has singled out Bitcoin's Lightning Network and other layer 2 solutions as "data obfuscation" technologies that could be "abused by criminals." The First Report on Encryption by the EU Innovation Hub for Internal Security, a "collaborative network of innovation labs" from across EU member states, argues that alongside technologies including Mimblewimble, zero-knowledge (zk) proofs, coin mixers and privacy coins such as Monero and Zcash, "layer 2 solutions such as the lightning network might also be abused by criminals." The report notes that the Lightning Network's "two-party…