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Author: 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.

GameStop Stock Price Surges 37%—Even as Roaring Kitty Remains Silent

GameStop stock (GME) is surging once again—but Roaring Kitty is still missing in action. Coming in hot after the holiday weekend, GME surged well over 30% Tuesday on news that the video game retailer netted nearly $1 billion from a strategically timed sale of its own stock, during its unexpected rally earlier this month. That rally—during which GME nearly quadrupled in value—was spurred by the apparent online return of Keith Gill, aka Roaring Kitty, a meme stock influencer who inspired a brigade of retail investors to short squeeze GME in 2021. Earlier this month, Gill’s Twitter account suddenly began cryptically…

Regulation

Dogecoin Community Member Issues Vital Warning, What's Happening?

A prominent member of the Dogecoin community, Mishaboar, has raised a flag of caution regarding meme coins that claim to own intellectual property (IP). This advisory comes at a critical time when the market is flooded with various meme coins, each vying for investor attention. In a statement addressing the Dogecoin community, Mishaboar highlighted the risks that might be associated with meme coins that claim ownership of IPs. "Dear Dogecoin, an advice for those gambling on tokens. You cannot create or reinforce memes by owning IPs. Memes spread virally and are owned by nobody. They are decentralized, irrepressible and uncontainable,"…

Altcoins

One of FTX’s Most Important Names Gets Prison Sentence for Fraud Charges

According to the statement made today by Damian Williams, United States Attorney for the Southern District of New York, former FTX executive Ryan Salame was sentenced to 90 months (7.5 years) in prison. Salame was previously convicted of making illegal political contributions, defrauding the Federal Election Commission and conspiring to run an unlicensed money transmission business. The sentence was imposed by U.S. District Judge Lewis A. Kaplan. Williams said in his statement: “Salame admitted that he advanced the interests of FTX, Alameda Research, and their collaborators through an illegal political influence campaign and an unlicensed money transmission business, which helped…

Legal

What will future Bitcoin halvings look like?

Within the next decade, block rewards will only offer a tiny amount of Bitcoin. What does this mean for miners and the people who rely on this blockchain? Bitcoin halvings are as rare as World Cups and the Olympics. Why? Because they only happen every four years. In a world where it’s difficult to predict where BTC’s price will be from one day to the next, halvings offer some certainty over when new coins are going to hit the market. And given how 93% of Bitcoin’s supply has already entered circulation, here’s something else we know: they’re gonna get harder…

Bitcoin

JPMorgan sees spot Ethereum ETFs trading before 2024 elections amid political gains

JPMorgan predicts that the newly approved spot Ethereum exchange-traded funds (ETFs) will likely begin trading before the November US presidential elections, citing crypto’s increasing political significance. This outlook follows the US Securities and Exchange Commission’s (SEC) unexpected approval of eight spot Ethereum ETFs on May 23, marking a notable shift from the previous skepticism surrounding these financial instruments. The SEC approved the 19b-4 forms for the Ethereum ETFs, which include offerings from VanEck, BlackRock, Grayscale, and Fidelity. However, these products still require activating their S-1 registration statements before trading can commence. JPMorgan emphasized this development, stating: “The issuers’ registration statements…

Ethereum

NEAR Protocol (NEAR) Registers Highest Retention Amid All L1s

Amid major AI announcements, NEAR Protocol (NEAR) reports a notable community and developer accomplishment. Its core native cryptocurrency is also among the best performers in the last seven days. NEAR Protocol sets new popularity record by this metric In last 12 months, NEAR Protocol (NEAR) demonstrated the largest user retention rate amid L1 altcoins. For this blockchain, the major adoption metric hits 9,53%, says data provider Artemis. All competitors of NEAR Protocol (NEAR) demonstrated lower retention metrics in the long run. For instance, Avalanche (AVAX) saw only 8.19% of users returning in 12 months on its C-chain while, for BNB…

Altcoins

Court dismisses Debt Box case without prejudice, imposes over $1.8 million in fines on SEC

The US District Court for the District of Utah has dismissed the SEC’s case against DEBT Box without prejudice and imposed over $1.8 million in fines against the watchdog for bad faith conduct. The fines, which come in the form of attorney fees and costs, follow sanctions against the SEC for misrepresentations made to obtain emergency ex parte relief. The court granted the SEC’s motion to dismiss the current case without prejudice, which will allow the agency to file a future related case in the same court before the same judge. DEBT Box and other defendants had argued that the…

Legal

Influential Analyst Predicts the Level Bitcoin Will Reach in May

Andrew Kang, a well-known analyst and trader in the cryptocurrency world, recently shared his views on the future course of Bitcoin. “I expect Bitcoin to reach $80,000 by May,” Kang said, expressing a bullish outlook for the world's largest cryptocurrency. Kang believes that the journey from 80 thousand dollars to 100 thousand dollars will be difficult and there will be a significant supply. However, Kang also noted that asset and wealth manager sales teams are expected to get permission to sell ETFs aggressively very soon. This could clear the supply in as little as a month or as long as…

Bitcoin

Legendary Trader Peter Brandt Issues Major Warning for Ethereum and Solana

Yesterday, the crypto market was stunned by the approval of Ethereum ETFs. Amid this, veteran trader Peter Brandt issued a warning regarding the future of staking in the cryptocurrency space, particularly with respect to Ethereum (ETH) and Solana (SOL). Brandt predicted significant turmoil, suggesting that staking could lead to massive financial losses and bankruptcy. In particular, the trader, known for his controversial market predictions, called the staking inherently risky. He compared it to a leveraged asset, where investors borrow or leverage ETH or SOL by lending them out at interest. However, Brandt emphasized that this process inevitably attracts the attention…

Ethereum

NodeKit Partners with NEAR Protocol to Enhance Blockchain Composability

NodeKit, a prominent player in blockchain solutions, has announced a strategic partnership with NEAR Protocol to introduce NEAR’s Data Availability (DA) solutions to its composability layer. This collaboration aims to enhance the interoperability and efficiency of rollups and specialized blockchain networks by facilitating synchronous cross-chain communication. NEAR DA heads to @nodekitorg, offering rollup developers the opportunity to unlock data availability that is incredibly fast, cost-efficient, and powered by NEAR. See for yourself:https://t.co/q0XGWX2616 https://t.co/xRPAYVqPfm — NEAR Protocol (@NEARProtocol) April 26, 2024 The partnership between NodeKit and NEAR Protocol will allow developers to build rollups on the composability layer to integrate NEAR…

Altcoins