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.

Successful Whale, which Earned 12 Million Dollars in PEPE Investment, Made a New Purchase! Here are the Five New Altcoins He Added to His...

While the mem token craze has cooled down a bit compared to other months, some smart investors are making millions of dollars from their mem token investments. Sharing another one of these, Lookonchain said that an investor who earned more than 12 million dollars in PEPE invested in a new altcoin. Accordingly, the investor named jwynn.eth, whose PEPE profit reached 12.8 million dollars in total, added altcoins named BOBO, ANDY, JOTCHUA, BIRDDOG and BRETT to his portfolio in the last two days. The investor, who made a profit on all of the last altcoins he bought, made a profit of…

AltcoinsJun 2

Coinbase Accuses SEC of 'Purposeful Effort to Destroy' Crypto

In its efforts to clarify new rules for the crypto industry, Coinbase on Friday accused the U.S. Securities and Exchange Commission (SEC) of trying to smother an emerging industry. In a court filing, America’s leading crypto exchange described a “Catch-22” that U.S. crypto firms are confronted with. At the same time the SEC is calling on crypto firms to come into compliance with securities laws, the agency has allegedly refused to offer “needed” rulemaking. Combined with “scorched-earth litigation” against companies that can’t satisfy the SEC’s requests, Coinbase accused the regulator of causing crypto firms intentional harm. “This pattern of conduct…

LegalJun 2

Crucial Bitcoin (BTC) Reminder Comes From Michael Saylor

Michael Saylor, the founder of MicroStrategy business intelligence giant, its former CEO and now the head of the company’s Bitcoin strategy, loves to post BTC messages for his vast army of followers. He usually prefers to use AI-generated images with Bitcoin. This time, Saylor tweeted an important reminder to the cryptocurrency community, urging them not to miss this significant Bitcoin-related event. Michael Saylor's Bitcoin reminder Saylor published a tweet, stating that the Bitcoin halving is coming. It is expected nine days from now. This is a fundamental event for all Bitcoiners and the crypto community in general. The Halving is…

BitcoinJun 2

SEC Issues Statement on Ethereum ETFs – Big Day Tomorrow, Sources Say

The US Securities and Exchange Commission (SEC) has reportedly asked companies issuing spot Ethereum ETFs to submit draft S-1 forms by the end of this week, thus taking an important step in the approval process for these financial products. The request follows the May 23 approval of forms 19b-4, a critical milestone in the process. The only remaining step before trading can begin is for S-1 forms to come into force. However, due to the SEC's last-minute change of direction, these forms could not be prepared in advance. The SEC will submit its first round of comments after receiving the…

EthereumJun 2

Introducing GAL Staking for Enhanced Web3 Engagement

Galxe has taken a stride in its mission to democratize Web3 access with the unveiling of GAL Staking. This pivotal enhancement elevates the utility of the GAL ecosystem, empowering users with exclusive rewards and pivotal roles in governance decisions. As part of Galxe’s commitment to fostering a decentralized future, GAL Staking is a cornerstone that enables users to contribute meaningfully to the platform’s evolution. Stake your claim in the Galxe ecosystem! ☄️ GAL Staking is live, empowering users with token utility, governance, and exclusive rewards. ⤵︎https://t.co/6I0Rhafviy — Galxe (@Galxe) April 24, 2024 GAL Staking heralds a new era for users…

AltcoinsJun 2

Implications for Operation Choke Point 2.0 and Custodia Bank

Yesterday, the Supreme Court of the United States issued two important cases which will likely have wide ranging impacts for Bitcoin and crypto. The decisions are National Rifle Association of America v. Vullo (NRA) and Cantero, et al. v. Bank of America, N. A. (Cantero). In NRA, the Court addressed a critical issue impacting not only traditional advocacy groups but any disfavored, but legal, industry. This ruling draws parallels to Operation Choke Point 2.0, where U.S. regulators have allegedly been targeting crypto businesses through financial exclusion. Moreover, the recent Cantero decision sheds light on how this legal framework might impact…

LegalJun 2

How to sell Bitcoin: a comprehensive guide

Learn how to sell Bitcoin (BTC) with our comprehensive guide, covering strategies, considerations, and top selling avenues for maximizing returns. Cryptocurrencies have experienced a remarkable rebound in 2024, enticing many traders with substantial gains. Some of them, including Bitcoin, have even surpassed previous all-time highs and are selling at unprecedented prices. As such, many crypto enthusiasts may be eager to explore avenues for converting their digital assets into cash. If you’re wondering how to sell Bitcoin and when the optimal time is to do so, this guide is tailored to answer your questions. Table of Contents Understanding the need to…

BitcoinJun 2

Bitwise Executive Reveals “The Only Person Who Knew Ethereum Spot ETFs Would Be Approved”

Bitwise Asset Management executive Katherine Dowling suggested that former President Donald Trump might be the only person who knew spot Ethereum ETFs would get initial approval from the Securities and Exchange Commission (SEC). During a panel discussion at the Consensus cryptocurrency conference, Dowling said, “Trump may have been the only person who knew about it. I think Trump knew that we were going to get these confirmation orders, and he might have been the only person who knew about it because we didn't know.” said. Dowling, who serves as Bitwise's general counsel and Chief Compliance Officer, made the comments while…

EthereumJun 2

NEAR Protocol preps for AI announcements to boost web3

In an interview with Crypto Briefing, Chris Donovan, COO of NEAR Foundation, discussed Near Protocol’s vision for integrating AI into the web3 ecosystem and driving mass adoption, among other topics. AI integration and web3 mission Near Protocol, which began as an AI project before pivoting to blockchain, sees significant potential in the intersection of web3 and AI. Donovan emphasized that an open web, where users own their data and assets and have governance power, is essential. He warned that developing AI in closed, profit-driven environments could lead to dystopian outcomes. “We think that if someone doesn’t do this in the…

AltcoinsJun 2

House 'Right' to Pursue Crypto Bill, Late in Session for More Progress

The chairman of the Senate Finance Committee told a Consensus 2024 audience that the House of Representatives was on the right track with the FIT21 bill. Wyden said he and others in the Senate decided to slam the brakes on the Securities and Exchange Commission's controversial crypto accounting standard and reconsider using a "different standard" on the custody of digital assets. AUSTIN, Texas – Sen. Ron Wyden (D-Ore.), one of the U.S. Senate Democrats who've shown some support for crypto issues, cast doubt Friday that a legislative solution for the industry would move quickly, but he suggested to an audience…

LegalJun 2