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Author: 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.

Montenegro court set to decide on Do Kwon extradition… again

Do Kwon’s constantly shifting extradition case is being sent back to the Montenegrin High Court where it will be determined whether an extradition policy formed in 1901 between the United States and the Kingdom of Serbia is still applicable. This is according to Montenegrin media. Montenegro wasn’t a part of the Kingdom of Serbia when the treaty was signed, but later unified with the country in 1918. It’s unclear how international and local Montenegrin law will interpret this more-than-a-century-old legal standard. Read more: Montenegro PM Milojko Spajić may have met with Do Kwon, report Do Kwon in extradition limbo Currently…

Legal

Bitcoin Reportedly Hindering El Salvador's Credit Opportunities With the IMF

Bitcoin and its adoption by the government of El Salvador have become a negative factor in the country’s negotiations with the IMF. According to reports, the institution demands changes to El Salvador’s Bitcoin law to receive a $1.4 billion credit line for expediting public debt payments and other obligations. El Salvador’s Bitcoin Allegiance Is Getting in the Way of IMF Credits Bitcoin has become a relevant geoeconomic factor for El Salvador, as it is currently part of the talks between the country’s government and the International Monetary Fund (IMF). According to reports, the negotiations between these parties would be at…

Bitcoin

Sergey Nazarov Says Ethereum ETF Approval Very Clear Sign That More Altcoins Will Follow

Chainlink (LINK) co-founder Sergey Nazarov doesn’t think the U.S. Securities and Exchange Commission (SEC) will stop at Ethereum (ETH). Last week, the SEC approved form 19b-4 filings from BlackRock, Fidelity, VanEck, Grayscale, Bitwise, Ark, Franklin Templeton and Invesco Galaxy simultaneously, paving the way for spot Ethereum exchange-traded funds (ETFs) in the US. Nazarov says the approval indicates the regulator will greenlight ETF offerings for other crypto assets in the future. “The launch of the ETH ETF proves a very basic assumption – that the Bitcoin ETF will not be the only ETF or traditional financial market vehicle through which the…

Ethereum

Ripple Considers IPO Outside US as CEO Says US Listing Makes No Sense

Ripple CEO Brad Garlinghouse has hinted that the company is considering overseas jurisdictions for its potential IPO, asserting that it makes no sense to go public in the U.S. Garlinghouse gave this hint during an interview at the 2024 Consensus conference hosted by CoinDesk. The interviewer asked the Ripple CEO a point-blank question about whether going public is on Ripple’s agenda. No IPO Under Gary Gensler In response, Garlinghouse noted that conducting an initial public offering (IPO) is not on Ripple’s immediate agenda. He attributed this stance to the U.S. SEC leadership under Chairman Gary Gensler. He noted that Ripple’s…

Regulation

A New Solana Network Update Is Scheduled For The End Of May

Solana is preparing for a major update that will be released on May 27th to the mainnet beta. Version v1.18 is critical to solving current network congestion issues. The upcoming version 1.18 is designed to significantly improve the Solana infrastructure. Congestion issues have become worse recently due to the increase in bot-managed transactions involving memcoins, which has led to a sharp increase in transaction failures. The Solana development team is actively implementing a series of updates designed to improve network performance in response to these issues. It is noteworthy that on April 13, in collaboration with key infrastructure developer Anza,…

Altcoins

NYDFS Issues New Crypto Firm Guidance for Consumer Complaints

The New York State Department of Financial Services now requires cryptocurrency service providers to implement complaint resolution mechanisms. The regulator will assess the application and efficacy of these policies around resolving customer service requests. New York’s top financial regulator has issued new guidance which requires cryptocurrency service providers collect relevant data to assess whether they are resolving customer service requests and complaints in a timely and fair manner, it announced Thursday. The guidance by The New York State Department of Financial Services reflects "expectations" of cryptocurrency service providers to include policies which cover response and resolution monitoring, and reporting. The…

Legal

Google collaborates with Magic Leap to offer experiences in the metaverse

In the metaverse sector, the Internet giant Google has formed a new partnership with Magic Leap, to offer more immersive experiences and promote the AR/XR ecosystem. Metaverse: Google with Magic Leap to offer a wider range of immersive experiences Metaverse: Google with Magic Leap together to advance the potential of AR/XR technologies The crypto of the metaverse category today in green Metaverse: Google with Magic Leap to offer a wider range of immersive experiences The metaverse sector welcomes a new partnership: the Internet giant, Google, with Magic Leap. We are excited to be partnering with @Google. Magic Leap CEO @rossrosenberg…

Metaverse

How Bitcoin Halving 2024 Will Impact the Crypto Market?

The cryptocurrency industry is well acquainted with both price fluctuations and technological advancements, especially evident in the years following 2022. While spot bitcoin ETFs have garnered significant attention and investment, they represent just one instance of the sector's swift evolution and maturation, offering a blueprint for how other crypto assets can achieve comparable success. Concurrently, apart from the ongoing price speculation that captivates investors, there is a continuous stream of rapid technical enhancements taking place. Let's take a look at this Bitcoin halving 2024 article in more detail. What is Bitcoin halving 2024? The fourth Bitcoin halving is expected to…

Bitcoin

Liquid Staking Derivatives See 110,000 ETH Inflow Over 12 Days

While liquid staking protocols experienced a brief period of withdrawals, the past 12 days have seen liquid staking derivatives (LSDs) platforms gain 110,000 ether valued at $417.59 million. Swell Experiences Decline as Lido and Others See ETH Increases In the realm of decentralized finance (defi), liquid staking derivatives (LSDs) have finally recorded positive deposits after several weeks of reductions. The ETH held by LSDs almost fell below the 13 million threshold, reaching a low of 13.04 million ether. Today, these platforms hold 13.15 million ether, with an estimated value of $50.29 billion. Twelve days ago, Lido had 9.36 million ETH,…

Ethereum

Tether In Hong Kong Could Make A Comeback Amid Local Efforts To Attract Crypto Investment

Key Points: Tether co-founder Brock Pierce is considering returning to Hong Kong amid government efforts to attract the crypto industry. Pierce said the potential of Tether in Hong Kong lies in the tradefi sector. Hong Kong’s Securities and Futures Commission’s new rule prevents licensed exchanges from serving mainland residents. Brock Pierce, co-founder of the stablecoin Tether and chairman of the Bitcoin Foundation, has hinted at a potential return to Hong Kong as the city aims to reestablish itself as a major hub for the cryptocurrency industry. Tether In Hong Kong Could Make A Comeback Amid Local Efforts To Attract Crypto…

Regulation