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.

Beeple’s jab at Roaring Kitty sparks speculation amid GameStop frenzy

NFTJun 8

Renowned digital artist Beeple, known for his record-breaking $69.3 million NFT sale, has stirred up controversy with his latest artwork, “CURIOSITY KILLED THE CAT.” CURIOUSITY KILLED THE CAT pic.twitter.com/giWO5DWS97 — beeple (@beeple) June 8, 2024 The piece, which depicts a cat resembling the digital persona of Keith Gill, better known as Roaring Kitty or DeepFuckingValue, being killed, has sparked speculation about the motivation behind the provocative imagery. The artwork’s release comes on the heels of Roaring Kitty’s highly anticipated return to the spotlight after a three-year hiatus. Gill, a financial analyst and investor who gained fame during the GameStop short…

New ProShares Spot Ethereum ETF Was Filed Form 19b-4 to Trade on NYSE

EthereumJun 8

Key Points: ProShares spot Ethereum ETF is registered with the SEC to trade on the NYSE, joining several other firms in the race. The timeline for launching these ETFs depends on how quickly applicants address SEC comments and meet regulatory requirements, mainly by removing provisions related to ETH staking. ProShares has officially submitted Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) in a bid to list and trade an Ethereum spot ETF on the New York Stock Exchange (NYSE). New ProShares Spot Ethereum ETF Was Filed Form 19b-4 to Trade on NYSE 2 ProShares Spot Ethereum ETF Officially…

'I Don't Need to Keep Working at Ripple'

AltcoinsJun 8

David Schwartz, the chief technology officer at Ripple, has taken to the X/Twitter social media platform to make a few important revelations about himself and his work at Ripple blockchain behemoth. Here's what would make Schwartz quit Ripple Schwartz, known on X/Twitter as @JoelKatz, issued a lengthy tweet to reveal how he came to be hired to be Ripple's chief tech officer. The Ripple cofounder, who was also the CEO in the past, Chris Larsen, approached him and invited him to join the team because of Schwartz’s loyalty. In return, Schwartz said that he would remain loyal to him as…

Former Federal Prosecutors, Agents Ask U.S. Sec. Blinken to ‘Step Up’ Efforts to Secure Detained Binance Exec’s Release

LegalJun 8

A group of 108 former federal prosecutors and agents have signed a public letter to U.S. Secretary of State Antony Blinken urging the State Department to “step up” its efforts to secure Binance compliance head Tigran Gambaryan’s release from a Nigerian prison, Axios reported Thursday evening. The letter, reportedly spearheaded by investor and Coinbase board member Katie Haun – a former federal prosecutor – called the government’s minimal efforts to intervene on Gambaryan’s behalf “wholly lacking,” stressing that the “consequences of further inaction are potentially dire.” Gambaryan, a former Internal Revenue Service (IRS) agent and Binance’s current head of financial…

Ethereum Pectra Upgrade Will Include EIP-7702 and EVM Object Format for Optimized Experience

EthereumJun 8

Key Points: Ethereum Pectra upgrade will introduce the EVM Object Format (EOF). Vitalik Buterin’s proposed EIP-7702 will enable Ethereum account addresses to temporarily function as smart contract wallets during transactions. Petra, slated for release in the first quarter of 2025, is set to be one of Ethereum’s most comprehensive upgrades. Ethereum’s core developers have reached a consensus to incorporate the EVM Object Format (EOF) in the forthcoming Pectra upgrade, as outlined in EIP-7692. Ethereum Pectra Upgrade Will Include EIP-7702 and EVM Object Format for Optimized Experience 2 Ethereum Pectra Upgrade Introduced EOF and EIP-7702 This addition, encompassing approximately 11 EIPs,…

ImmutableX extends recovery despite $69 million IMX token unlock

AltcoinsJun 8

ImmutableX unlocked 34.19 million IMX tokens worth over $69 million early on Friday. IMX circulating supply increased over 2% following the unlock. The Layer 2 blockchain token’s price added nearly 3% to its value on April 19. ImmutableX (IMX) price climbs nearly 3% on Friday despite its token unlock, finding some support at the $1.80 region and extending the 7% gain from the previous day. The project, which ranks among the top 15 Ethereum Layer 2 solutions by market capitalization, unlocked 34.19 million IMX tokens on Friday for ecosystem and project development and private sales. IMX price resists correction despite…

Treasury Secretary Yellen warns of financial stability risks posed by AI

LegalJun 8

US Treasury Secretary Janet Yellen expressed significant concerns about the potential dangers artificial intelligence (AI) poses to the stability of the financial system. Yellen made the remarks during a keynote address at a conference on AI and financial stability on June 6. Her speech stressed the urgency of addressing these emerging risks and called of both the government and private sectors to collaborate on finding solutions. The Treasury secretary said: “This [AI] is a rapidly evolving field. We have our work cut out for us.” Increasing risk Yellen acknowledged the advancements AI has brought to the financial sector, such as…

Bitcoin shows potential to break above $90k

BitcoinJun 8

Market forces are at play as Bitcoin consolidates at the $70,000 mark, signaling an imminent breakout. At press time, Bitcoin was 3% shy of registering a new all-time high. The high record was made following market hype, which led to Bitcoin halving. Bitcoin halvings have historically been bullish. Also Read: Bitcoin Volatility: Is accumulation and low volatility the last stages before a big market move? This article analyzes Bitcoin’s movements on the charts and examines fundamentals that will inspire the next breakout. Will Bitcoin reach $100k? Bitcoin Daily Chart: Bitcoin breaks the May price range Bitcoin daily chart Bitcoin closed…

Hong Kong Offers Staking With Ethereum ETFs

EthereumJun 8

Hong Kong is considering the integration of staking rewards into its spot Ethereum exchange-traded funds (ETFs), according to Yat Siu, the Chairman of Animoca Brands. Siu anticipates that approval for this initiative might be granted by the year’s end. He noted that discussions regarding Ethereum staking are progressing and expects Hong Kong to greenlight staking before the United States. This development is seen as a pivotal move in the region’s financial landscape. Contents hide 1 Preparations for Ethereum Staking 2 Comparing Crypto ETF Markets 3 Takeaways for Investors Preparations for Ethereum Staking Asset managers in Hong Kong are diligently working…

Ex-BitMEX CEO Questions Solana’s TPS Metric Authenticity

AltcoinsJun 8

BitMEX founder Arthur Hayes has taken aim at Solana, describing the network’s transaction metrics as “bullsh.t” Layer-1 blockchain network Solana has dominated crypto news headlines in recent weeks for crumbling in the face of peak user demand. At some point in the past month, a majority of user transactions failed, a situation in which Solana developers deferred to increased bot attacks and surging demand for block space. While the Solana ecosystem has recently released a new version to address the network’s challenges, these improvements have not stopped former BitMEX CEO Arthur Hayes from calling attention to Solana’s challenges. In a…