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.

Toncoin (TON) Price Plummets Despite Major Tether Announcement

AltcoinsJun 9

Shortly after Pavel Durov finished his speech at TOKEN2049 in Dubai, Toncoin (TON), a core cryptocurrency of Telegram messenger, ended its spectacular seven-week rally. Toncoin (TON) loses 12% in minutes: Dissapointment? Toncoin (TON), a Telegram-associated altcoin, suddenly drops from $7.2 to $6.3 on major spot exchanges in no time. As such, the overhyped altcoin ended its triple-digit rally and lost 12.5% of its value in less than 30 minutes. This drop erased $1.14 million in TON/USDT long positions on futures trading platforms. Since the start of its rally in late February, TON's price added 141%. The cryptocurrency plummeted despite a…

Nigel Farage milkshake’d while touring with shady crypto ally

LegalJun 9

A former aide to Nigel Farage, who was previously convicted of wire fraud and allegedly found to be the owner of an illegal crypto ATM, was apparently filmed alongside the far-right politician when he was ‘milkshake’d’ on Tuesday. Financier George Cottrell — also known as ‘Posh George’ — appeared to be among Farage’s entourage at the Reform Party’s campaign launch in Essex when a member of the crowd threw a milkshake at the former UK Independence Party (UKIP) leader. This was the second milkshake thrown in the politician’s face. Cottrell was in his 20s when he took up a position…

Bitcoin’s Latest Rally To $71K Is Different From the March Breakout. Here's Why.

BitcoinJun 9

The latest breakout is characterized by a lack of speculative froth as opposed to March. Renewed rate cuts by G-7 central banks and oil price slide favor risk assets. Bitcoin (BTC) has surged back above the significant threshold of $70,000, setting its sights on retesting the record highs it achieved in March. This recent upswing above the said level appears positively distinct from the one seen three months ago. Let’s delve into the reasons why. Less froth A frothy market, often a precursor to a price correction, is characterized by a leveraged speculative frenzy. So far, perpetual futures tied to…

Wintermute CEO Issues Crucial Warning to Ethereum Elite

EthereumJun 9

Wintermute CEO Evgeny Gaevoy has issued a stark warning to the Ethereum "elite," suggesting that the platform's potential failure in the future may not stem from technical shortcomings to competitors but rather from internal contradictions within its leadership. Gaevoy's critique comes in the wake of a controversial debate sparked by Ethereum cofounder Vitalik Buterin's criticism of celebrity meme coins. Buterin voiced his discontent with what he termed "this cycle’s celebrity experimentation," emphasizing the need for crypto projects to serve broader societal goals beyond just monetization. The Ethereum cofounder's remarks caused backlash from hip-hop artist Iggy Azalea, who recently launched her…

Weeks after Solana’s meme coin peak, crowdsales continue on Base

AltcoinsJun 9

Solana’s meme coin season hit its peak a month ago, but the trend seemingly refuses to die elsewhere. The launch of a new ‘FOMO’ meme coin on Coinbase’s Ethereum layer 2, Base, shows many are still willing to blindly throw money at dubious projects. The project, Father Of Meme Origin (FOMO), is styled on the likeness of Richard Dawkins, author of The Selfish Gene, in which the term ‘meme’ was coined. The FOMO team has been accused of bad faith around the launch and botching the distribution of tokens. Despite raising over $15 million via ‘presale,’ the team allegedly supplied…

It’s time to end the SEC’s war on crypto

LegalJun 9

The American government is badly damaged — we need public servants who care more about right or wrong, especially when it comes to the crypto industry. I’m not denying that there are reasonable questions about how crypto firms should be regulated. Many policy questions still require legislation to resolve. But, our current system is broken. The Securities and Exchange Commission traditionally does not expose itself and its credibility to an appellate beatdown. But this SEC is different. This SEC and Chair Gary Gensler have an extra-regulatory anti-crypto agenda. And they are using their power to obstruct and delay the industry…

Enormous Bitcoin Whale Adds $1 Billion in BTC Every Day: Who Is It?

BitcoinJun 9

Around $1 billion worth of Bitcoin is added every day to a massive new whale wallet, according to the WuBlockchain report, based on CryptoQuant's research. This surge is probably the result of institutional investors buying Bitcoin and moving it to wallets under custodial care. Long-term holders have amassed 70,000 BTC over the last 30 days, and whale demand is increasing at a rate of 4.4% per month. A sustained price rally for Bitcoin is anticipated given the improving conditions for the growth of its demand. Numerous reasons contribute to this demand rebound, including: Growth in large investors and permanent holders:…

ETH Heading to Zero Against Bitcoin – Max Keiser Gives Key Reasons

EthereumJun 9

Bitcoin maximalist Max Keiser has again poured harsh criticism on the second biggest cryptocurrency by market capitalization value, Ethereum, giving the community reasons why he believes that ETH is a loser compared to Bitcoin. He stated that ultimately Ethereum will crash to zero against BTC. Max Keiser's arguments against Ethereum Former financial commentator and Wall Street trader Max Keiser has published a tweet in which he once again slammed Ethereum. Keiser has done the same before, not only with ETH but also with XRP, ADA, SOL and other altcoins since he as a Bitcoin maxi considers any crypto except Bitcoin…

Elon Musk's Tweet Catches Adam Back’s and DOGE Founder’s Attention

AltcoinsJun 9

Tech centibillionare and founder/CEO of half a dozen innovative companies, including Twitter/X, Elon Musk has published a post which raised concerns of the crypto community and other X users, as well as multiple questions. Crypto influencers also had their attention caught by Musk’s new tweet – Blockstream’s CEO and one of Dogecoin founders in particular. Back and Markus react to Musk's tweet Elon Musk announced that the Twitter/X team intends to suspend accounts doing engagement farming. This initiative is likely connected with Musk’s intention to protect the freedom of speech on the one hand and to prevent fake or misleading…

U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan

LegalJun 9

Crypto regulatory initiatives have stepped up in the U.S. in recent months, JPMorgan said. The stablecoin bill is most likely to be approved before the presidential election, and is a threat to tether’s dominance if passed, according to the bank. Issuance of a central bank digital currency is less likely after the House passed a bill last month banning the Federal Reserve from doing so, the bank said. U.S. crypto regulations seem to be moving in a direction that opposes the launch of a central bank digital currency, is against local banks embracing crypto and is averse to non-compliant stablecoins,…