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.

Russia’s Tatarstan eyes building $100m Bitcoin mining center

Fintech company Innopolis Tech controlled by a former minister of communications of Russia is set to build the largest Bitcoin mining center in Russia worth around $100 million. The Republic of Tatarstan is gearing up to build Russia‘s largest Bitcoin mining infrastructure valued at around $100 million investments, according to local news reports, citing Roman Shaykhutdinov, a deputy prime minister of Tatarstan. Speaking at a crypto forum in Kazan, Shaykhutdinov said the project will be undertaken by Innopolis Tech, a fintech company controlled by Nikolai Nikiforov, Russia’s ex-communications and press minister. Although specific details about the construction timeline and the…

MiningMay 31

Binance Makes Bold Move into Mexican Crypto Market

Binance, the world’s leading cryptocurrency exchange, is significantly expanding its trading services. Binance Spot, the platform’s core trading hub, will introduce new trading pairs for major cryptocurrencies, including Bitcoin (BTC), XRP, Ethereum Name Service (ENS), and Lido DAO (LDO). In an official announcement on May 28, 2024, Binance detailed that trading for the BTC/MXN, XRP/MXN, ENS/USDC, and LDO/USDC pairs will begin on May 29. This expansion also includes the availability of trading bots services for these tokens, effective May 29, 15:00 (UTC). Binance’s strategic decision aims to “expand the list of trading choices offered on Binance Spot and improve users’…

ExchangesMay 31

Bitcoin Dropped -2.30% in Last Month and is Predicted to Reach $ 79,830 By Apr 16, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Bitcoin is up 3.32% today against the US Dollar Bitcoin is currently trading 11.94% below our prediction on Apr 16, 2024 Bitcoin dropped -2.30% in the last month and is up 133.37% since 1 year ago BTC price is expected to rise by 12.52% in…

BitcoinMay 31

Why Worldcoin is boosting token supply amid regulatory pressure

In light of recent bans and regulatory hurdles in countries like Spain, Portugal, how is Worldcoin adjusting its strategy to make a place in the crypto market? Worldcoin (WLD), a digital identity project founded by OpenAI CEO Sam Altman and co-founder Alex Blania, has once again captured headlines with its announcement of an increase in the supply of its WLD token through private sales. Amid growing concerns over data privacy and regulatory issues, Worldcoin’s decision to ramp up its token supply raises questions about the project’s direction and its bid for market relevance. With recent bans in several countries, coupled…

AltcoinsMay 31

Binance Abu Dhabi exec: ‘regulatory approaches can evolve’

In an exclusive interview with crypto.news, Dominic Longman, senior executive officer of Binance Abu Dhabi, discusses rising institutional interest in crypto, potential crypto ETFs, and the region’s efforts to attract web3 talents. In February, the Financial Action Task Force (FATF) removed the UAE and several other jurisdictions from its greylist, saying the region “strengthened the effectiveness of its AML/CFT regime to meet the commitments in its action plan regarding the strategic deficiencies that the FATF identified in February 2022.” Crypto.news interviewed Dominic Longman, senior executive officer at Binance Abu Dhabi, to discuss the implications for crypto in the region following…

ExchangesMay 31

Argentina crypto group plans to set up a blockchain valley in Buenos Aires

The crypto coterie in Argentina plans to set up a blockchain valley in Buenos Aires as a part of its Crecimiento movement, with a following of 500 individuals. The coterie consists of all the eminent players within the country’s ecosystem. Some of these notable figures include Diego Guitérrez, who co-founded Bitcoin Layer 2 Rootstock; Marcelo Cavazzoli, who is both the CEO and co-founder of Lemon Cash, a leading crypto purchasing app in Latin America; and Elian Alvarez, who is a general partner at Ripio Ventures. Above all else, Crecimiento’s core team has the support of advisors to the country’s new…

BlockchainMay 31

'Bitcoin Sign Guy' Is Auctioning His Bitcoin Sign

A piece of Bitcoin history is going on the block. Christian Langalis, whose photo-bombing of Janet Yellen became a viral meme, is auctioning the "Buy Bitcoin" sign he held up behind the then-Federal Reserve chair during her televised Congressional testimony in July 2017. Flashback | Most Influential in Blockchain 2017 #1: Bitcoin Sign Guy The sign, which Langalis drew on a lined yellow legal pad with a fine-point pen (a Uniball Vision, he told CoinDesk), will be listed Thursday on Scarce City, an online marketplace that sells physical and digital collectibles (and, naturally, accepts payment only in bitcoin). In an…

BitcoinMay 31

Ethereum Price Barely Budges After SEC Green Lights ETFs

The price of Ethereum has has largely remained flat following the historic approval of eight spot exchange-traded funds (ETFs) that give investors exposure to the second-biggest digital asset by market cap. Ethereum's price hit $3,856 within minutes of the confirmed approval, per data from CoinGecko, then dipped down to $3,771. It's up to $3,825 as of this writing, but so far, the moves have been relatively minuscule. ETH is up a little more than 1% on the day, but over the past seven days, the asset is up a massive 30%. The U.S. Securities and Exchange Commission (SEC) had been…

EthereumMay 31

PUNDIX Token Now Available for Trading on Revolut, Opening Doors to Millions

In a groundbreaking move, Pundi X, a prominent player in the cryptocurrency ecosystem, has announced the listing of its native token, PUNDIX, on Revolut, a leading fintech platform with a massive user base exceeding 40 million globally. This strategic partnership signifies a significant milestone for Pundi X, as it extends the accessibility of its token to millions of users worldwide through Revolut’s widely acclaimed platform. The decision to list PUNDIX on Revolut holds immense significance for both parties and the broader cryptocurrency community for several compelling reasons. With Revolut’s presence spanning across 150 countries and regions, the listing of PUNDIX…

AltcoinsMay 31

OKX Announces 19th Proof of Asset Reserves, User Holdings Surge!

Key Points: OKX reports significant increases in user proof of asset reserves, with BTC up by 2.62%, ETH by 39k, and USDT by 4.26%. BTC holdings on OKX stand at 147k, while users possess 1.67 million ETH, showcasing strong investor interest in leading cryptocurrencies. USDT assets surge to 6.51 billion on OKX, emphasizing the ongoing demand for stablecoin liquidity in the crypto market. OKX has released its 19th proof of asset reserves, as of the snapshot date of May 20th. The report reveals significant increases in user holdings across various cryptocurrencies, showcasing the platform’s continued reliability and growth. Bitcoin (BTC)…

ExchangesMay 31