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.

US-Based Wealth Management Firm Gets Into Bitcoin

Private wealth management firm Wedmont Private Capital has acquired 3,471 shares of Fidelity Wise Origin Bitcoin Fund (FBTC) that are worth $209,336, according to a recent regulatory filing. Wedmount's selling point is its flat fee of $10,000 which is supposed to set it apart from competitors that offer asset-based fees. According to its website, the firm is targeting high-net-worth individuals with more than $1 million worth of investable assets. The firm was co-founded by Dominic Corabi, a former executive at the Financial Advisor Services division of Vanguard, as well as James Pelletier, former vice president within the UHNW division of…

BitcoinJun 2

21Shares drops Ark from ETH ETF as remaining applicants meet SEC deadline

Six companies updated their spot Ethereum ETF S-1 registration statements on May 31, with 21 Shares notably dropping Ark Invest from its filing. The relevant filing renames the “Ark 21Shares Ethereum ETF” to the “21Shares Core Ethereum ETF.” It also removes all mention of Ark Invest from its text, whereas previous submissions described Ark Invest as the fund’s subadvisor. Ark Invest has not commented on the change. Other amendment details Bitwise, Fidelity, Invesco Galaxy, VanEck, and Franklin Templeton also filed amendments. Franklin Templeton’s amendment includes a 0.19% sponsor fee, making it the first issuer to list a percentage-based sponsor fee.…

EthereumJun 2

Sam Altman’s Crypto Project Worldcoin Needs More Orbs for Sign-Ups

Sam Altman’s Worldcoin project is reportedly running low on orbs, the devices used for iris scans in return for tokens. These orbs are biometric imaging devices that securely verify a person’s identity using iris scans. They are intended to prevent multiple accounts or identities within the Worldcoin system. Alex Blania, CEO of Tools for Humanity, the developer behind Worldcoin, told Semafor that the startup is expanding silver orb production to meet soaring demand. Currently, between 300 and 500 orbs are available, according to the report published Wednesday. The issue highlights Worldcoin’s swift uptake. It was introduced less than a year…

AltcoinsJun 2

Hampton Hotel flops on Bitfinex Securities

A couple of weeks ago, a new securities offering was added to Bitfinex Securities, intended to raise money to build a Hampton hotel near an airport in El Salvador. The offering hoped to raise $6.25 million in 30 days, however, over halfway through, only $342,000 has been raised, according to the Bitfinex Securities website. This hotel offered unusual ‘benefits’ to investors, including offering free nights if you invested enough, and up to unlimited stays over the five-year bond term if you invested at least $1 million. Furthermore, the ‘Market Study Update’ issued by Horwath HTL and distributed alongside this offering…

ExchangesJun 2

Cometh partners with Transak to allow crypto purchases on layer 3 blockchain

Transak and Cometh have joined forces to pioneer the first-ever direct fiat-to-Layer 3 blockchain onboarding solution, a speedy offering in the market. This partnership lets users and players purchase crypto directly on Cometh via a credit card. The integration quickens the process for Cometh’s game Cosmik Battle players to buy Ethereum (ETH) and participate in the NFT marketplace on Muster without intermediaries. In the past, a user would have to navigate many loopholes to pay or upload currency to Cometh’s Arbitrum Orbit, Muster. This partnership eliminates the need for intermediary crypto tokens and complex bridging processes, making the gaming experience…

BlockchainJun 2

Is Bitcoin (BTC) Price Headed for a Sharp Downturn? Key Indicators Examined

The price of Bitcoin (BTC) reached a higher high recently but has not yet surpassed the all-time high (ATH) of around $73,800. Over the past week, BTC saw an increase from approximately $64,500 to around $72,750 before experiencing a decline again yesterday. Bitcoin Rallies: A Notable 12.7% Gain Over Seven Days After reaching a local low at approximately $64,500, BTC experienced a significant rally, resulting in a price increase of around 12.7%. However, since yesterday, the BTC price has been retracing again, bringing it back to the golden ratio at around $68,850. At this level, BTC may find support and…

BitcoinJun 2

High Fees on Ethereum Network Spark Debate Over Scalability

Whale Alert spotted a bizarre transaction costing 40 ETH ($150,470) in gas fees, on May 31, 2024. The transaction originated from the wallet of well-known memecoin and NFT enthusiast, jaredfromsubway.eth. The transfer went to the MEV Bot wallet. What makes the fees paid so bizarre is the fact that it was paid to transfer a meager 0.000012 ETH, worth $0.05. 💸 A fee of 40 #ETH (150,470 USD) has just been paid for a single transaction!https://t.co/5TXNvET9ja — Whale Alert (@whale_alert) May 31, 2024 It is worth noting that automated applications running on cryptocurrency networks like Ethereum are what’s known as…

EthereumJun 2

Does Ripple Include XRP Holdings as “Cash Equivalent” in Stablecoin Backing

Prominent XRP community figure Crypto Eri sought clarification from Ripple executive David Schwartz about whether the XRP Ripple holds are part of the “Cash Equivalent” backing the upcoming stablecoin. Crypto Eri’s inquiry came after Eric van Miltenburg, Ripple’s SVP for Strategic Initiative, suggested the Ripple stablecoin would be advantageous to the XRP Ledger (XRPL). Miltenburg expressed this view during an interview when asked to respond to the concern that Ripple’s stablecoin could kill XRP. The concerns suggest the stablecoin could diminish Ripple’s extensive reliance on XRP for cross-border payment transactions. However, Miltenburg argued otherwise by pointing out that the stablecoin…

AltcoinsJun 2

Helio to bring crypto payments to new Shopify merchants via Solana Pay Plugin update

Helio updated its Solana Pay plugin for Shopify, allowing merchants to accept payments in hundreds of cryptocurrencies with real-time stablecoin conversions. According to a press release sent to crypto.news, the enhanced plugin allows Shopify merchants to receive payments in various cryptocurrencies, with instant conversions settling transactions in stablecoins like USDC, EURC, PYUSD, and USDY. Shopify merchants can now accept many more crypto payments and easily convert them to stablecoins or fiat. This update aims to set a new standard for e-commerce payments by making the payment experience easier and quicker. The updated plugin enables customers to fund wallets with their…

ExchangesJun 2

Across Protocol Integrates Circle’s CCTP for Faster and Cheaper $USDC Transfers

Today, Across Protocol has announced the successful integration of Circle’s Cross-Chain Transfer Protocol (CCTP). This will mark a significant advancement in $USDC bridging. This integration will enhance transfer speeds and reduces fees, offering users a more efficient and cost-effective experience. Across Protocol used its official X account to make this announcement. We are proud to announce the successful integration of @circle's CCTP to improve speeds and fees for all $USDC bridging on Across 💫 Thanks to our unique intents-based architecture, third-party relayers are able to swap between both versions of $USDC, giving users the freedom to… pic.twitter.com/ErPWZDOtQ9 — Across (@AcrossProtocol)…

BlockchainJun 2