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.

Jeremy Allaire offers new insights into USDC expansion at Token2049

AltcoinsJun 9

Jeremy Allaire, CEO of Circle, recently discussed USDC’s operations and the growing importance of stablecoins within the global economy. “We’re now seeing essentially stablecoin rules coming into place all around the world. And alongside that, that’s enabling us to really expand the market infrastructure that supports USDC,” Allaire said during a fireside chat at Token2049 in Dubai on April 19. In 2024, regulators worldwide moved to create a regulated environment for stablecoins. While the U.S. saw politicians calling for outright bans, authorities in the EU seemed eager to regular the asset class. According to Allaire, such regulatory frameworks have been…

US Bitcoin ETFs attract record inflows with new all-time high in sight

BitcoinJun 9

US exchange-traded funds (ETFs) that invest directly in Bitcoin (BTC) have seen net inflows for a record-breaking 18 consecutive days, contributing to the alpha crypto’s nudge toward a new all-time high (ATH). According to data compiled by Bloomberg, net subscriptions for the group of nearly a dozen products reached $15.6 billion through Thursday since their launch on January 11, bringing total assets to $62.3 billion. Bloomberg reports that the Bitcoin funds offered by major players like BlackRock Inc. and Fidelity Investments have emerged as some of the most successful debuts in the ETF sector’s history. The report also claims that…

All of Michael Saylor’s Ethereum predictions were wrong

EthereumJun 9

Michael Saylor has made a lot of predictions during his career. And because he became a billionaire in the process, many assume that his forecasts are generally accurate. For example, Bitcoiners applauded his support for — and multi-billion dollar purchases of — bitcoin. He invested at the right times and prices and has earned billions in profit. So when Saylor decided to place a bet on the future of Ethereum, millions listened. Unfortunately, Saylor got all of his predictions about Ethereum totally wrong. First, he predicted that the SEC would classify Ethereum as an unregistered security. At his corporate conference…

Qtum Foundation Unveils 10,000 Nvidia GPUs for AI Web3 Revolution

AltcoinsJun 9

The Qtum Foundation recently announced the deployment of 10,000 GPUs to support its new blockchain AI ecosystem. This strategic move marks a significant transition for Qtum, shifting its focus from cryptocurrency mining to AI operations. Miguel PALENCIA, Qtum’s Chief Operating Officer and Co-Founder, in discussing Qtum’s vision for AI and blockchain integration, underscores the transformative potential of AI, drawing parallels with past disruptive technologies such as the internet and cryptocurrency. However, he also acknowledges the ethical considerations surrounding AI development and the importance of adopting open-source and decentralized approaches to mitigate risks. Qtum Quantum AI initiatives are poised to revolutionize…

Advocacy Group 'Stand With Crypto' Says It's Exceeded One Million Signups

LegalJun 9

Organizers of Stand With Crypto say the advocacy group is directing a wave of crypto-interested voters toward shifting digital assets policy in the U.S. In about 10 months since launching, the organization has gathered millions in donations and also started its own political action committee to influence individual races. Stand With Crypto, a digital assets advocacy group backed by Coinbase Inc., said it signed up its first million members as of Wednesday. The rapidly growing online band of crypto boosters maintains grades on U.S. politicians (as Coinbase once did), sets up public events to highlight digital assets issues and has…

VanEck forecasts Ethereum to reach up to $154,000 by 2030

EthereumJun 9

Asset manager VanEck projected the Ethereum (ETH) at $22,000 by 2030, according to a recent report. This represents a 487% increase from current levels, and VanEck bases its forecast on Ethereum’s anticipated generation of $66 billion in “free cashflows.” The report puts a heavy weight into Ethereum’s stablecoin landscape, as the blockchain settled $4 trillion in stablecoins over the past year, along with the facilitation of $5.5 trillion in these tokens. Additionally, the stablecoin market cap in Ethereum is at over $91 billion. “Compared to Web2 applications, Ethereum ($3.4B) generates more revenue than Etsy ($2.7B), Twitch ($2.6B) and Roblox ($2.7B)…

Shiba Inu Partner Announces Approval of Four Key Proposals

AltcoinsJun 9

Shiba Inu partner K9 Finance confirms the approval of key governance proposals to enhance its ecosystem and ensure its growth and sustainability. K9 Finance, the designated liquid staking partner of the Shibarium blockchain, recently confirmed the passage of four governance proposals after a significant participatory vote by the KNINE community. The governance results, recently spotlighted by the K9 Finance decentralized autonomous organization (DAO) in a post on X, indicate remarkable support for the initiatives. All four proposals received substantial backing from the community. The proposals include changes to the tax structure on KNINE tokens and the approval of budgets for…

Florida Man Pleads Guilty to Wire Fraud Conspiracy Tied to Forcount Crypto Ponzi

LegalJun 9

One of the top promoters in the Forcount crypto ponzi scheme – a Brazil-based scam that bilked Spanish-speaking investors around the world of a collective $8.4 million – has pleaded guilty to his role in the operation, federal prosecutors announced Wednesday. Juan Tacuri, 46, of Florida, pleaded guilty to one count of conspiracy to commit wire fraud in the Southern District of New York (SDNY), a charge which carries a maximum sentence of 20 years in prison. Tacuri also agreed to forfeit nearly $4 million back to his victims, as well as real estate purchased with victim funds as part…

Bitcoin Bets Hit Peak of $37B as ETF Inflows Set New Record

BitcoinJun 9

Bitcoin traders have set a new record for BTC futures positions, with open interest surpassing $37.7 billion. The surge in open interest coincides with record inflows into spot bitcoin ETFs and a bullish long-short ratio, indicating positive market sentiment and expectations for bitcoin to reach new all-time highs in the coming weeks. Bitcoin (BTC) traders have now placed the highest-ever positions on BTC-tracked futures in the asset’s history as open interest crept over $37.7 billion late on Thursday, setting a new record. This eclipsed a previous peak of just under $37 billion in mid-March when bitcoin recorded fresh highs of…

Investors Stack Up Ethereum Despite Modest Price Movements—Big Surge Ahead?

EthereumJun 9

In recent trends observed within the cryptocurrency market, Ethereum has seen a notable increase in accumulation activities, as indicated by data from CryptoQuant’s QuickTake platform. The platform has highlighted a consistent growth in the balance of Ethereum held by addresses owning between 10 to 100,000 ETH. This trend suggests a bullish sentiment among mid to large-scale holders, despite the market not immediately reflecting these movements in Ethereum’s price. The ongoing accumulation of Ethereum, particularly in wallets classified within specific holdings ranges, has persisted without signs of abatement. This pattern raises questions about the potential latent impact on Ethereum’s market value…