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.

Important X, Grok, Tesla Crypto Warning Issued to Community

X/Twitter user known as “DogeDesigner” (who goes by the alias @cb_doge), who is part of the DOGE and X teams, has issued an important reminder to the crypto community on the X/Twitter platform regarding some of Elon Musk’s largest companies and cryptocurrency. The post published today states that X, its Grok AI bot, its producer xAI and Tesla are not associated with any cryptocurrency at all. @cb_doge warned X users to stay cautious and beware of cryptocurrency scams. 𝕏, xAI, Grok, and Tesla are not associated with any cryptocurrency. Please stay cautious and safe from crypto scams. pic.twitter.com/pd3zxg3nM5 — DogeDesigner…

AltcoinsMay 31

Crypto Is a Core American Issue: Consensys’ Joe Lubin Says

AUSTIN, TEXAS – Ethereum co-founder Joseph Lubin is taking the fight to the U.S. Securities and Exchange Commission. In late April, his firm, Consensys, decided to preemptively sue the U.S. securities watchdog after receiving what’s known as a Wells notice – or an indication that the agency is building a case against a firm. On the Mainstage at Consensus 2024 on Wednesday, the longtime crypto advocate gave a sense of what Consensys is trying to get out of its lawsuit filed “in the great state of Texas.” Namely: regulatory clarity, the preservation of free markets in crypto and a resolution…

LegalMay 31

Alchemy Pay Partners with AltLayer for Seamless Crypto Transactions

Alchemy Pay, a leader in the fiat-to-crypto payment gateway space, has partnered with AltLayer, an open-source decentralized protocol, to bring about borderless On and Off-ramp solution within its ecosystem. This move will simplify digital money transactions for people all over the world who may not have access to bank accounts or credit cards. Thrilled to announce our partnership with @alt_layer!#AlchemyPay brings seamless On and Off-Ramp solutions to #AltLayer's ecosystem. Developers and users can enjoy effortless crypto transactions globally across 173+ countries, with preferred payment methods and local fiat… pic.twitter.com/jDIJ5Vu8Nn — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) May 30, 2024 AltLayer…

ExchangesMay 31

Stride Protocol Integrates With Namada for Asset Security: Details

Using Namada’s multi-asset shielded pool (MASP), customers of leading Cosmos LST provider will be able to invest with an unparalelled level of security and earn NAM rewards for their contribution. Technically, Namada’s MASP works not unlike ZCash shielded assets but can be integrated with every blockchain. Stride Protocol teams up with Namada for better assets protection in cross-chain LSTs Multichain liquid staking protocol Stride has announced an integration with Namada, the shielded asset hub rewarding users to protect the multichain. As a result, all users of Stride and its liquid staking platform will be able to work with LSTs in…

BlockchainMay 31

I Will Never Buy Bitcoin ETFs

Robert Kiyosaki, an expert at investing and the author of the classic book on finance management “Rich Dad Poor Dad”, who supports Bitcoin, has taken to the X social media platform (formerly known as Twitter) to tell his audience what he thinks about the much-hyped Bitcoin ETFs. Kiyosaki revealed the key reason why he would not buy any. As the investor wrote multiple times earlier, aside from Bitcoin, he also prefers physical gold and silver as safety haven assets, and he likes real estate too – that is what he started from in the 1990s, when his aforementioned book was…

BitcoinMay 31

DeLorean Making Car Reservations Tradeable On-Chain With MoonPay

DeLorean, the automaker known for the iconic DMC-12 sports car from “Back to the Future,” announced Thursday that it will launch a marketplace with crypto payments company MoonPay, letting customers trade their manufacturing reservations on-chain. The new platform, developed in partnership with Otherlife—a Web3 creative agency acquired by MoonPay—will allow DeLorean enthusiasts to buy, sell and trade vehicle reservation build slots using blockchain technology. If this sounds familiar, that’s because DeLorean previously announced a similar plan back in 2022 with crypto startup NFT IQ. At the time, DeLorean said that it would offer tokenized reservations for cars that would be…

NFTMay 31

Cambodia’s central bank chief says digital currency will bolster local fiat

Cross-border QR code payments via Cambodia’s digital currency are poised to boost the use of the riel, according to central bank governor Chea Serey. The National Bank of Cambodia‘s new digital currency, Bakong, is poised to significantly boost the use of the country’s riel currency by facilitating cross-border QR payments, Chea Serey, the governor of the National Bank of Cambodia, told Nikkei Asia. In the interview, Serey revealed that while over 80% of Cambodia’s economy operates with the U.S. dollar under a dual-currency system, authorities are planning to increase the riel’s presence, particularly in digital transactions where the riel’s proportion…

RegulationMay 31

TRON gains 10% in 2024, supply of stablecoins reaches over $50 billion in Q1

TRON has seen over $50 billion in supply of stablecoins in Q1 of 2024. TRON noted positive growth across market capitalization, revenue, total value locked, and average DEX volume. The TRX token surged 10% since the beginning of 2024. TRON (TRX), a blockchain-based digital platform, has seen positive growth in the first quarter of 2024, as seen in a Messari report. TRON noted gains across several metrics like market capitalization, revenue and total value locked (TVL). TRON sees $50 million in stablecoin flow in Q1 2024 A report from crypto intelligence tracker Messari shows that TRON noted positive growth across…

AltcoinsMay 31

U.S. Treasury Isn’t Trying to Ban Crypto Mixers, Top Official Says

AUSTIN, Texas – The U.S. Department of the Treasury is not attempting to ban cryptocurrency mixing services, a top official said Wednesday. Speaking at CoinDesk’s annual Consensus conference in Austin, Brian Nelson – the Treasury’s Under Secretary for Terrorism and Financial Intelligence – addressed the Financial Crimes Enforcement Network’s (FinCEN’s) 2023 proposal to classify mixers as a “primary money laundering concern” and require virtual asset service providers (VASPs) to report any crypto transactions that involved mixing to the agency. FinCEN’s proposal – along with an increasing number of enforcement actions by the U.S. Department of Justice against mixing services including…

LegalMay 31

Insights from Hashrate Index’s Q1-2024 Report

Introduction: The latest Q1-2024 Hashrate Index Report by Luxor Technology delves into the Bitcoin mining sector's performance after the Fourth Bitcoin Halving. This report offers critical insights into key metrics such as Bitcoin Hashrate, Hashprice, Hashrate Forwards, and Bitcoin Mining Stocks, highlighting the Bitcoin mining industry’s adaptability – and also the challenges that lie ahead for miners in a 3.125 BTC block subsidy world. Bitcoin Hashprice and Hashrate Fluctuate Now that the Fourth Halving has passed, Bitcoin miners have their eyes on two metrics in particular: hashprice and network hashrate. Hashprice is a measure of how much revenue miners can…

MiningMay 31