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.

Qatar Launches Its CBDC Project Using DLT and AI Technology

Qatar Central Bank (QCB) has completed the infrastructure for its Central Bank Digital Currency (CBDC) project, an important milestone towards building the country’s digital economy. The bank will now proceed to develop custom applications and test the CBDC for large payment settlements with local and International banks. Also Read: The Hashgraph Association Partners with the QFC to launch a $50 million Digital Assets Venture Studio in Qatar The QCB considers this achievement to be in alignment with the country’s Third Financial Sector Strategy, Fintech Strategy and Qatar National Vision 2030. The development of the CBDC is yet another move towards…

RegulationJun 3

A New Dawn for Crypto Custody Solutions

In a significant move to bolster its ecosystem, Ondo Finance has announced a strategic collaboration with Finoa, a recognized European institution specializing in crypto asset management. This partnership marks a pivotal development for Ondo Finance, integrating its $OUSG token into Finoa’s advanced custody solutions. The integration aims to enhance the security and accessibility of $OUSG for institutional investors, reflecting both companies’ commitment to expanding secure investment opportunities in the burgeoning field of digital assets. Ondo Finance, known for its innovative approach in the decentralized finance (DeFi) sector, continues to expand its influence and capabilities through strategic partnerships. The collaboration with…

AltcoinsJun 3

Consensys to invest ‘tens of millions’ in legal battle against SEC’s stance on Ethereum

Consensys is ready to spend millions in a legal tussle with the United States Securities and Exchange Commission (SEC). According to CEO Joesph Lubin, the firm will fight for clarification over Ethereum’s definition. Speaking at a recent podcast appearance, the Ethereum co-founder doubled down on his support towards the second-largest cryptocurrency. He thrashed the SEC’s “regulate by enforcement” approach. SEC is killing the ecosystem The criticism comes on the heels of the commission’s recent moves against some of the biggest names in the sector. Back in June 2023, the SEC alleged that Coinbase was an unregistered national securities exchange. Soon…

LegalJun 3

Trader Peter Brandt Predicts Breakout Rally for BTC Amid ‘Basic’ Bull Market Pattern – But There’s a Catch

Seasoned trader Peter Brandt says Bitcoin (BTC) is flashing a common bull market pattern that typically precedes a burst to the upside. The trader, who gained legendary status after calling the 2017 Bitcoin collapse, says BTC may soon rally to around $80,000 as it threatens to take out its short-term diagonal resistance. However, Brandt warns that BTC may witness a significant correction after the rally to follow a pattern commonly seen in Bitcoin bull markets. “This same basic pattern has been common in past bull markets in Bitcoin.” Looking at the trader’s chart, he seems to suggest that a dump…

BitcoinJun 3

Ethereum ETFs Inch Closer Toward Launch as BlackRock Updates Filing

Financial giant BlackRock late Wednesday amended its filing with the SEC for its proposed spot Ethereum exchange traded fund (ETF). The May 29 update for the iShares Ethereum Trust is the first tangible sign of progress toward the market availability of an ETH-based ETF since the bombshell approval of the new financial vehicle last week. “This is almost certainly the engagement we were looking for,” observed Bloomberg ETF analyst James Seyffart on Twitter. “Issuers and SEC are working towards spot Ethereum ETF launches.” His colleague Eric Balchunas concurred that it was a “good sign,” noting that the other applicants will…

EthereumJun 3

Here are the Top 5 Gainers in the Bitcoin (BTC) Ecosystem YTD: Details

TL;DR Core (CORE) has significantly outperformed Bitcoin and many other major cryptocurrencies with a 350% price surge this year. Other digital assets related to BTC’s ecosystem, such as Sovryn (SOV) and Ordiswap (ORDS), also reported notable gains, with increases of 210% and 100%, respectively. CORE Leads the Pack Bitcoin (BTC) has been making serious waves since the beginning of the year, with its price rising from approximately $42,000 on January 1 to almost $67,000 on April 24 (a 60% increase). However, some cryptocurrencies related to its ecosystem have witnessed even more substantial gains over the same period, and Core (CORE)…

AltcoinsJun 3

China gags crypto millionaires in fight against ‘luxury on the internet’

Users of social media platforms like X and Instagram are accustomed to seeing crypto millionaires posting snapshots of their extravagant lifestyles. However, one nation’s millionaires are notably absent from the gaudy feed of crypto influencers: China. In an attempt to enforce communist culture on mainland residents, the country’s internet regulator recently outlawed extravagant displays of wealth on social media. China’s Cyberspace Administration attracted attention to the rule by deleting a number of popular celebrities’ social media accounts. These included the 4.3 million-follower account of ‘China’s Kim Kardashian’ Wang Hongquanxing, which now shows an inaccessibility notice for ‘violation of self-discipline.’ “Once…

LegalJun 3

Bitcoin (BTC) Outshining Gold, Peter Brandt Shares Uncommon Take

The debate about the Bitcoin (BTC) and gold rivalry took a new turn when legendary trader Peter Brandt weighed in on the conversation recently. In a post on the X app, Peter Brandt shared a chart, where he proved that over the past year, Bitcoin has reigned supreme over gold. Bitcoin versus gold rivalry For centuries, gold has served a dominant function as a hedge against inflation and as a store of value. Its efficiency as a store of value is, however, being questioned with the emergence of Bitcoin. While gold has a mild growth rate, Bitcoin has proven to…

BitcoinJun 3

Singapore's Largest Bank DBS Is an Ether Whale With Nearly $650M in ETH: Nansen

The blockchain address – 0x9e927c02c9eadae63f5efb0dd818943c7262fb8e – supposedly owned by DBS held 173,753 ETH at press time, according to Nansen. The address has already made $200 million from its ether holdings. DBS, the largest bank in Singapore, is an ether (ETH) whale, according to on-chain analytics firm Nansen. The blockchain address – 0x9e927c02c9eadae63f5efb0dd818943c7262fb8e – supposedly owned by DBS held 173,753 ETH, worth $647 million at press time. At the time of writing, Ether changed hands at $3,730. Nansen said that the address has made over $200 million from its ether holdings. CoinDesk reached out to DBS seeking confirmation of the holdings.…

EthereumJun 3

Over $20 Million in XRP Shifted to Mysterious Wallets: Details

In a series of substantial transactions that have caught the attention of the community, XRP whales have transferred over $20 million worth of the digital asset to unidentified wallets. These transactions, coupled with a recent uptick in the price of XRP, have sparked speculation and debate about the future trajectory of the cryptocurrency. 🚨 19,904,968 #XRP (10,921,539 USD) transferred from #Binance to unknown wallethttps://t.co/OthEaCLoXS — Whale Alert (@whale_alert) April 24, 2024 Whale Alert, a prominent X account known for tracking and reporting large crypto transactions, reported a significant transfer, stating that nearly 19.9 million XRP, valued at approximately $10.9 million,…

AltcoinsJun 3