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.

IOTA’s EVM Leap: Next-Gen Infrastructure Upgrades Unveiled

AltcoinsJun 12

The upcoming IOTA EVM launch, supported by Shimmer’s infrastructure, represents a significant leap forward in blockchain technology. Recent infrastructure upgrades and new tools promise to enhance the functionality and adoption of the IOTA EVM. The IOTA technical team has been making substantial strides in their infrastructure, crucial for fostering growth and innovation within the ecosystem. Shimmer, as a standalone Layer 1 network, has been instrumental in driving IOTA’s technological evolution by being the first to test, release, and validate major protocol upgrades. Following the success of ShimmerEVM, the impending release of the IOTA EVM is set to revolutionize the network.…

Thai regulators revoke Zipmex’s crypto license

ExchangesJun 12

Beleaguered crypto exchange Zipmex has lost its business license after the Thai authorities found that the exchange had repeatedly failed to comply with orders. Thai cryptocurrency exchange Zipmex has lost its business license after the Securities and Exchange Commission (SEC) found that the exchange had repeatedly failed to comply with regulatory orders. In a Jun. 11 press release, the SEC announced that Zipmex’s license revocation followed concerns over the company’s financial instability and inadequate management. Despite several directives to rectify these issues, Zipmex failed to comply within the given timeframe, prompting the SEC to recommend that Thailand’s Ministry of Finance…

Is there life after halving? Challenges and opportunities for Bitcoin miners

BitcoinJun 12

Post-halving, Bitcoin (BTC) miners face a squeeze as rewards drop and costs soar. Can innovative strategies and market dynamics help them stay profitable? The Bitcoin halving is an event built into the Bitcoin protocol that occurs approximately every four years. It results in the reduction in the reward miners receive for adding new blocks to the blockchain. The latest halving, which took place in April 2024, slashed the block reward from 6.25 BTC to 3.125 BTC. This event, central to Bitcoin’s deflationary nature, impacts the supply of new Bitcoins and reverberates throughout the Bitcoin mining industry and the broader crypto…

Big Players Transfer Millions in Ethereum, Uniswap, Space ID to Exchanges

AltcoinsJun 12

A wave of activity by large cryptocurrency investors, known as crypto whales, has flooded major exchanges with millions of dollars worth of Ethereum (ETH), Uniswap (UNI), and Space ID (ID). This surge in transactions has captured the attention of the crypto market, raising questions about the motives behind these movements and their potential impact on prices. Whale Activity Surges: Crypto Assets Flood Exchanges Since April 16, 2024, cryptocurrency analysts have tracked several significant transfers. According to on-chain data, DWF Labs moved 9.2 million ID tokens worth $6.69 million to the crypto exchange – OKX. After this transaction, the wallets of…

Crypto Exchange Crypto.com Secures Spot on Ireland's Virtual Assets Service Provider Register

ExchangesJun 12

Crypto.com was registered as a virtual asset service provider in Ireland last week. Crypto companies are vying to win approval in EU nations to be ready for December, when the Markets in Crypto Assets (MiCA) legislation becomes fully operational. Crypto.com received approval to register as a virtual asset service provider in Ireland, allowing the crypto exchange to operate in the European Union nation. The company was listed on the register as of June 7 under the name Foris DAX, the Central Bank of Ireland's website shows. Crypto.com will now be able to offer crypto-to-fiat exchanges and fiat wallets, the company…

Bitcoin (BTC) Price Predicted to Reach $100,000 by Mike Novogratz

BitcoinJun 12

Galaxy Digital CEO Mike Novogratz recently told Bloomberg that Bitcoin, the flagship cryptocurrency, could enter a six-digit territory as soon as this year. Given that major institutional investors are now jumping on the Bitcoin trend, there are not a lot of sellers, according to Novogratz. If the Bitcoin price manages to take out the make-it-or-break-it $73,000 level in the near future, the flagship cryptocurrency could end up reaching $100,000. The cryptocurrency mogul does not rule out that the Bitcoin price could surge even higher. Novogratz noted that the bottom of the current range had started around the $40,000 level. The…

Ethena USDe Shakes Up Stablecoin Market with $2 Billion Surge, Fate of USDT & USDC In Danger

AltcoinsJun 12

A newcomer has swiftly risen to prominence in the Stablecoin market, challenging the dominance of traditional players like USDT and USDC. USDe, a recently launched stablecoin, has accumulated a market cap of $2 billion in a very short period. What sets USDe apart from its counterparts is its unique approach to stability, backed not by physical US dollars but rather by cryptocurrencies like ETH and BTC. Led by Julio Moreno, CryptoQuant’s Head of Research, USDe’s unconventional strategy has sparked intrigue and raised questions about its potential impact on the stablecoin ecosystem. USDe’s Rapid Rise USDe’s rapid surge to a $2…

FTX debtors want to investigate balance sheet holes at FTX US

ExchangesJun 12

The FTX debtors in possession have filed a motion to authorize a second phase of investigation into issues surrounding the collapse of the US crypto exchange. According to the filing, the investigation would be focused on three major issues, including the complete extent of legal firm Sullivan & Cromwell’s representation of Sam Bankman-Fried, potential claims against “former shareholders of Ledger Holdings” that “sold their interests prepetition” to FTX US, and the “frequency and magnitude of the holes” in the balance sheet at FTX US. The investigations would apparently take roughly 10 weeks and cost approximately $3 million. Read more: Bitcoin…

Rootstock Bitcoin L2 eyes further Latin American expansion

BitcoinJun 12

Speaking at Money 20/20 in Amsterdam, Ricardo Castro of Rootstock Labs highlighted the focus of the Bitcoin layer-2 protocol on providing global acess to decentralized finance (DeFi), particularly in emerging markets. Bitcoin (BTC) and Ethereum (ETH) are by far the two largest decentralized networks, each with unique strengths. BTC is rewnowned for its robust security standards, while Ethereum’s blockchain emphasizes functionality and utility through smart contracts. For years, developers have tried to bridge the two concepts and create a network that can bootstrap decentralized finance solutions atop BTC’s blockchain. Rootstock Labs says it has achieved this, giving Latin American users…

Filecoin (FIL) rises in the digital storage industry as Dragon mainnet upgrade nears

AltcoinsJun 12

Filecoin, the decentralized storage platform behind the Filecoin (FIL) cryptocurrency, is gearing up for its Dragon mainnet upgrade. As the blockchain prepares for its mainnet upgrade, it is also making significant strides in the competitive digital storage landscape dominated by tech giants like Google Cloud and Amazon Web Services (AWS). Rise of Filecoin in the digital storage industry In recent years, Filecoin has been steadily gaining momentum as a viable alternative to centralized storage solutions. Unlike traditional models that rely heavily on capital-intensive infrastructure, Filecoin leverages blockchain technology to democratise data storage, allowing users to rent out unused hard drive…