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.

German public believes digital euro could be used for surveillance

Germany’s Deutsche Bundesbank has revealed the results of its survey, showing that around 50% of the respondents could “generally imagine” using a digital euro. Many people in Germany are “open to the idea of the digital euro,” according to the Deutsche Bundesbank, the country’s central bank, which published the results of a survey conducted among 2,012 people in April 2024. As per the results, around half of the respondents “could generally imagine using a digital euro as an additional payment option.” “People who were previously unaware of the digital euro also indicated that they were open to this new means…

RegulationJun 5

Stunning CBDC Pivot Predicted by Bitcoiner Samson Mow

Samson Mow, major Bitcoin advocate and the chief executive at Jan3, has reposted a tweet made by Jan3. In a video extract of his interview, Mow talks about CBDCs and issues a warning as to the ultimate goal of central banks in building them, and where CBDCs may lead society if the plan works out. Samson Mow's CBDC warning Samson Mow defined the strategy that central banks and governments have in mind as they are trying to launch CBDCs around the world as “trying to control the money so you can control the people.” This is why banks are working…

RegulationJun 5

$13.7 Million in XRP Bought by Whales as Price Shows Bullish Signals

In a move that has reignited discussions about the future trajectory of XRP, a significant transaction of 24.5 million XRP, worth approximately $13.7 million, was recently flagged by Whale Alert. This substantial purchase by a crypto whale not only demonstrates a substantial commitment to XRP but also indicates a potential shift in the market sentiment toward this cryptocurrency. 🚨 24,526,015 #XRP (13,710,278 USD) transferred from #Binance to unknown wallethttps://t.co/PSrPr0c5mN — Whale Alert (@whale_alert) April 22, 2024 The timing of this whale's investment is particularly intriguing. It comes at a pivotal moment when XRP is showing signs of recovery, reflecting a…

AltcoinsJun 5

Binance Suspends Cash Payments for P2P Trading in India

Binance has suspended cash payments for peer-to-peer (P2P) trading in India to adhere to regulatory compliance and enhanced security, 99 Bitcoins reported. While cash transactions have been convenient for users in regions with limited banking access, Binance aims to mitigate money laundering risks and promote a safer trading environment through this action. The crypto exchange assured users in the region that alternative payment methods like bank transfers and digital wallets remain available. Despite mixed reactions from industry experts, concerns linger regarding potential effects on trading volumes and liquidity, particularly in cash-centric regions. The alternative methods offered by the exchange reportedly…

ExchangesJun 5

Fidelity’s crypto custody business records 60% loss in 2023

Crypto custodian service Fidelity Digital Assets recorded nearly a 60% drop in revenue per 2023, with losses soaring to more than £7 million. Fidelity’s crypto custody business Fidelity Digital Assets launched in 2018 in a bid to expand its crypto services, generated revenue of £545,000 (~$695,000) over the past year, marking a 59% decline from £1.34 million for 2022, the Financial News reports, citing documents filed by Fidelity with Companies House. In addition to decreased revenue, operating expenses also soared by 32% on a year-on-year basis to £7.8 million in 2023, driven largely by increased staff salaries, the report notes.…

RegulationJun 5

Prices of Bitcoin Runes dip two days after launch

This week was supposed to be the moment that fungible tokens on Bitcoin rocketed to prominence. Although some fungible tokens like the billion-dollar ORDI have gained modest popularity using standards like BRC-20 and STAMPS’ SRC-20, a brand new protocol was supposed to supersede these expensive, slow, and target="_blank" rel="noreferrer noopener">minted new Runes, paying all-time high Bitcoin transaction fees. Runes promised to be a more professional, less expensive, faster, and more seamless protocol for launching altcoins on Bitcoin. Rodarmor coded Runes because, in his words, “Fungible tokens are 99.9% scams and memes. However, they don’t appear to be going away any…

AltcoinsJun 5

‘Bones and Blade’ Leads the Charge in Immutable’s Revolutionary Gaming Lineup

The web3 gaming landscape is set to transform with the latest collaboration between Immutable and Revolve Games. Immutable, a prominent platform for creating blockchain-based games, has joined forces with Revolve Games to launch a new strategy card game, “Bones and Blade,” on its zkEVM, powered by Polygon. This partnership marks a significant milestone in the evolution of gaming ecosystems on Ethereum. Revolve Games, known for its expertise and experience in developing major titles such as Overwatch, Diablo, and Gears of War, brings a wealth of knowledge to this venture. “Bones and Blade” is currently accessible in Open Beta, and the…

GameFiJun 5

Trust Wallet onboards Mercuryo for crypto-fiat swaps

Trust Wallet and Mercuryo have partnered to power crypto off-ramps for more than 30 digital assets. While cryptocurrencies allow participants to store value in virtual assets built atop decentralized networks, many real-world payments still require fiat vehicles for settlement in many countries and jurisdictions. Giant self-custody provider Trust Wallet and payments infrastructure firm Mercuryo have teamed up to enable users to turn their digital coins into real-world money, a process dubbed “off-ramping.” Commenting on the collaboration, Mercuryo co-founder and CEO Petr Kozyakov said, “having access to a seamless off-ramp service” is just as important as securely storing digital assets. You…

ExchangesJun 5

70% Price Surge, Inflows Into ETFs, And Expansion Of Layer TVL Revealed

Bitcoin (BTC) has shown an impressive performance in the first quarter (Q1) of 2024, as highlighted in a recent report by market intelligence data research firm Messari. The research firm finds key factors contributing to Bitcoin’s price increase, market cap dominance, and the emergence of new trends in the cryptocurrency ecosystem. Inscription Activities Drive Bitcoin Fees Up Analyzing the key figures detailed in the report, Bitcoin’s price experienced a significant increase in Q1 2024, rising 68.78% quarter-over-quarter (QoQ) to reach an all-time high (ATH) of $73,100. This price increase propelled Bitcoin’s market cap dominance to 49.7% in March 2024. Interestingly,…

BitcoinJun 5

$1.44 Billion Milestone Reached by Tokenized Treasury Bonds Market

Amid growing popularity and adoption of digital assets in the traditional financial space, the value of tokenized treasury bonds has soared to $1.44 billion. Moving from the year-to-date lows of $719 million, this marks a 100.27% increase in 2024. The largest asset management in the world BlackRock is making headlines again, but not for a Bitcoin ETF. Its tokenized fund has become the largest tokenized treasury product just three months after its launch. BlackRock’s BUIDL Skyrockets Three Months After Debut Real-world assets (RWAs) have gained traction within the digital asset space since late 2023. Analytics platform Santiment reported a surge…

RegulationJun 5