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.

House Appropriation budget aims to prevent SEC from implementing SAB 121

LegalJun 5

An upcoming House Appropriation budget could prevent the US SEC from implementing its controversial Staff Accounting Bulletin 121 (SAB 121). FOX Business reporter Eleanor Terrett, who reported the news on June 4, said the bill will prohibit the SEC from using appropriated funds to implement the rule. Appropriations allow agencies to incur obligations and make payments from the US Treasury for set purposes. One policy rider in the budget states: “Prohibits the SEC from implementing or enforcing Staff Accounting Bulletin No. 121, which implements harmful digital asset requirements.” It is unclear whether the budget will succeed in its current form.…

OneTo11 announces global expansion with new games & educational P2E model

BlockchainJun 5

OneTo11, a blockchain gaming start-up, has announced its plans to expand its offerings to two crucial markets across the world – LATAM and MENA. It will do so by adding 3 new games to the portfolio with a tentative timeline of the next 12 months. Established in 2021, the blockchain gaming platform has been quick to grow with a broad user base of 4.5 million registered users and more than 7.3 lakh monthly active gamers. These are spread in 168 countries and fall within the age of 18-55 years. The company is additionally planning to develop educational technology products. These…

Jim Cramer Breaks Silence on Roaring Kitty's $180 Million GameStop Bet

RegulationJun 5

In a recent development surrounding the GameStop saga, Jim Cramer, popular financial commentator, backed Keith Gill, famously known as Roaring Kitty, amid talks of a potential investigation by the SEC. The trader, who shot to fame during the GameStop short squeeze in 2021, recently disclosed a staggering $180 million position in GME stock, comprising five million shares and 120,000 short calls. While the regulator has yet to raise any questions for Gill about the action, social media has begun to discuss how market manipulation litigation is possible, especially under the current SEC administration. Cramer, speaking on the legality of Gill's…

Shiba Inu Unveils Multiple Ways SHIB Army Can Earn TREAT

AltcoinsJun 5

The Shiba Inu ecosystem team has unveiled multiple avenues through which the SHIB Army can earn the upcoming TREAT token as efforts intensify around the ecosystem’s imminent layer-3 blockchain. Amid the recent discussions surrounding the forthcoming Shiba Inu L3 blockchain that would leverage the TREAT token, the Shiba Inu ecosystem team has provided additional details for the SHIB Army. How Shiba Inu Army Can Earn TREAT In a recent post on X, Shiba Inu’s content specialist Lucie reminded the SHIB Army that the idea of the TREAT token draws from the original vision of Shiba Inu’s pseudonymous founder, Ryoshi. Accordingly,…

Crypto Industry Braces for Impact

LegalJun 5

The US Congress is preparing for two important hearings tomorrow that the crypto industry wouldn’t want to miss. First, the House Appropriations Subcommittee will mark up the Fiscal Year 2025 Financial Services and General Government Bill. One of the key points of discussion will be Staff Accounting Bulletin No. 121 (SAB 121), with the Securities and Exchange Commission (SEC) budget. This hearing will affect how the SEC can proceed with its regulatory actions regarding the crypto industry. Following shortly, the House Committee on Financial Services will hold a Republican-led Subcommittee on Digital Assets hearing. This session will discuss the Tokenization…

NxWorries Partners with Gala Music for Epic Album Release

BlockchainJun 5

After an eight-year wait, NxWorries, the dynamic duo composed of Anderson .Paak and acclaimed producer Knxwledge, is back with a bang. — Their long-anticipated album "Why Lawd?" is set for release, hitting the shelves globally in vinyl, CD, and cassette formats on June 7, with a digital release to follow on June 14. But this album launch is more than just about music; it's a revolution in artist-fan engagement, thanks to an innovative partnership with Gala Music. To celebrate the release of "Why Lawd?", fans will get an exclusive first listen to Knxwledge’s remix of “Daydreaming” on Gala Music’s platform…

At-home miners brace for the Bitcoin halving

BitcoinJun 5

The per-block rewards paid to bitcoin miners are set to be cut in half, from 6.25 to 3.125 BTC, later this month. The network’s fourth halving event presents a headache for even the best-resourced mining firms, but it could make thin margins even thinner for those running mining setups at home. For miners, the formula is simple: If the halving drives up bitcoin’s price, their investment pays off. Otherwise, small miners could be left with dormant ASICs, energy bills and little chance of breaking even. Read more: How the halving could impact bitcoin’s price Some at-home miners laid out the…

GameStop Short Sellers Lose Nearly $1 Billion as GME Surges on Roaring Kitty’s Trades

RegulationJun 5

The online return of Keith Gill, also known as Roaring Kitty, is moving markets once again. The meme stock influencer, who rallied traders to bet big against Wall Street through GameStop in 2021, posted several positions in the video game retailer on Reddit this weekend. Pushing over $200 million in value, the purported exposure comprises shares and stock options. The news kicked retail traders into an apparent frenzy. GameStop shares rose more than 70% during pre-market trading to $39.69 on Monday—nearly doubling the stock’s $23.14 close on Friday. The break-neck increase, according to Unusual Whales, was set to cause $993…

Expert Identifies Real Reason Ripple Seeks to Launch a Stablecoin in the US

AltcoinsJun 5

Legal expert and pro-XRP lawyer Fred Rispoli recently attempted to explain why Ripple is planning to launch a dollar-backed stablecoin in the U.S. later this year. In an X thread today, Attorney Rispoli stated that the major reason why Ripple is planning to roll out a stablecoin is to allow United States-based customers to utilize its ODL solution (now Ripple Payments) for cross-border payments. Rispoli’s remark suggests that instead of XRP, U.S.-based customers can opt for Ripple’s upcoming stablecoin while conducting transactions via ODL. Ripple is in Best Position to Win Remedies Stage of SEC Lawsuit The expert made the…

Roaring Kitty In Hot Water With Regulators Amid GameStop Revival: Reports

LegalJun 5

A securities regulator for the U.S. state of Massachusetts is reportedly probing Keith Gill, the meme stock influencer better known online as Roaring Kitty or DeepFuckingValue. Synonymous with the retail-led short squeeze that sent shares of GameStop soaring in 2021, Gill’s online return has reignited interest in the video game retailer. After posting to Twitter for the first time in years, the meme stock influencer has recently shifted his activity over to Reddit. The existence of an investigation in Massachusetts was confirmed by Reuters after it was first reported by the Wall Street Journal. The latter publication on Monday also…