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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.

JPMorgan Chase Paying $100,000,000 Fine, Issues Rare Admission of Guilt in Settlement With US Financial Regulator

JPMorgan Chase has issued a rare admission of guilt and agreed to pay a $100 million fine to a US market regulator. The Commodity Futures Trading Commission (CFTC) says the trillion-dollar bank admits that it failed to monitor billions of orders from its traders and clients – a mandatory process designed to detect market misconduct. The banking giant has already agreed to pay $348 million to the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board (FRB) for the same violations. Once those payments are complete, the CFTC says it will reduce an initial $200 million…

Legal

Bitcoin BTC’s Path to Recovery: Will the Upcoming Halving Trigger a Rise Above $71,400?

Bitcoin struggles to breach the $71,400 resistance, raising concerns about a continued downtrend. Analysts from Coinotag suggest that failing to close a 4-hour candle above $71,400 could strengthen the bearish trend. A close above $65,700 on a 4-hour candle could signal a bullish reversal from the green support zone. This analysis delves into Bitcoin’s immediate future as it approaches a critical halving event, exploring potential movements above key resistance levels. Mid-Term Bitcoin Analysis An examination of Bitcoin’s current technical chart reveals a tendency to continue its downward movement unless it can surpass the $71,400 mark. According to Coinotag analysts, the…

Bitcoin

Ethereum Poised to Clinch $5,000 After Spot ETF Approval if It Closes Above This Level

Market veteran Ali Martinez analyzes Ethereum market dynamics in the wake of the spot ETF approval, seeing a rise to $5,000 if a critical level holds. Ethereum has recently experienced significant price movements following the approval of multiple spot Ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). This milestone has sparked renewed interest and discussions among traders and analysts. Market veteran Ali Martinez took to X to provide an in-depth analysis of the potential impact of the recent development on Ethereum’s market dynamics, calling attention to a shift in market trends. 🧵Was the #Ethereum ETF a…

Ethereum

Brazilian Companies Are Paying Chinese Suppliers With Cryptocurrency

Sebastian Serrano, CEO of Ripio, one of the largest exchanges in Latam, stated that Brazilian companies were already harnessing cryptocurrency to pay their Chinese suppliers. In an interview, Serrano asserted that Latam countries harnessed crypto in different ways and that Argentine companies are using cryptocurrency to protect from crippling inflation numbers. Ripio CEO Sebastian Serrano: Chinese Companies Are Receiving Crypto Payments From Brazilian Counterparts Sebastian Serrano, CEO of Ripio, one of the largest cryptocurrency exchanges in Latin America, affirmed that crypto is already being harnessed by companies in Brazil and China as part of their regular payment flow. Serrano offered…

Regulation

Arbitrum Team Helps Optimism Avoid ‘High Risk’ Vulnerability

The on-chain competition is always watching, but sometimes it will be compelled to help. Offchain Labs, the core team behind the Ethereum layer-2 scaling network Arbitrum, recently uncovered several security issues in a testnet version of Optimism, a separate Ethereum layer-2 scaling network created by OP Labs. After fixes were implemented, the issues were detailed Friday in a blog post published by Offchain Labs co-founder Ed Felton. As the potential vulnerability was found in Optimism’s system for contesting potentially fraudulent transactions, it could have been seized on by bad actors, Felton explained. “We believe that if your current protocol were…

Altcoins

Ripple Donates Another $25M to Crypto Super PAC Fairshake

Ripple has added another $25 million to the coffers of Fairshake, a federal crypto super political action committee (PAC) that’s spending big this election year to support crypto-friendly Congressional candidates. Ripple also made a $25 million donation to Fairshake in 2023, bringing its total contribution to the political action committee (PAC) to a whopping $50 million. Ripple’s donations account for roughly half of the more than $100 million Fairshake has raised from major players in the crypto space, including crypto exchanges Coinbase and Gemini, venture capital firm Andreessen Horowitz and asset manager ARK Invest. Many in the crypto industry see…

Legal

IMF Demands Changes to El Salvador's Bitcoin law: Report

The International Monetary Fund (IMF) is reportedly demanding changes to El Salvador's pro-Bitcoin law, hindering the country's attempts to secure a $1.4 billion credit line as reported by Infobae. NEW: 🇸🇻 IMF reportedly demands changes to El Salvador's #Bitcoin law for a $1.4 billion aid. They're scared 🙌 pic.twitter.com/vmqhts5dCY — Bitcoin Magazine (@BitcoinMagazine) April 12, 2024 El Salvador made history in 2021 by adopting Bitcoin as a legal tender under President Nayib Bukele. The country has since bet big on Bitcoin, building Bitcoin reserves, mining BTC, and launching educational initiatives. However, the IMF has objected to the Bitcoin law amid…

Bitcoin

How MicroStrategy Forfeited $12.82B Profit by Not Investing in Ethereum

Data shows Michael Saylor’s MicroStrategy missed out on a profit exceeding $12.82 billion by failing to invest its $7.59 billion in Ethereum. Software firm MicroStrategy, led by Bitcoin bull Michael Saylor, has been a prominent institutional BTC inventor for close to four years, injecting $7.59 billion into the asset since 2020. However, while MicroStrategy persistently committed substantial monthly funds to the BTC acquisition, Saylor unrepentantly retains maximalist views against other crypto assets. Saylor is renowned for his claim that “there is no second best” crypto asset to Bitcoin. During a recent presentation, he told the audience that assets like Ethereum,…

Ethereum

South African Central Bank Opts Against Publishing CBDC Study Findings

The South African Reserve Bank has reportedly decided not to unveil the findings of the initial phase of its central bank digital currency feasibility study. Instead, the central bank said it is currently focused on the second phase of the study and will release a report once it is satisfied with the progress made in this area. Initial Findings Required More Work The South African Reserve Bank (SARB) has reportedly decided against releasing the findings of an initial phase of its Central Bank Digital Currency (CBDC) feasibility study, which concluded in late 2022. According to a report, the findings “required…

Regulation

HOPR’s Game-Changing Strategy to Reshape Blockchain Security

In a significant stride towards enhancing blockchain privacy solutions, HOPR has proposed the development of GnosisVPN, leveraging their expertise alongside the robust infrastructure of GnosisDAO. The proposal, currently under discussion in Phase 2 at the GnosisDAO forum, aims to secure a substantial $1.5 million investment to foster this pioneering venture. This collaboration seeks to merge HOPR’s innovative privacy technology with Gnosis’s blockchain, focusing on creating a decentralized VPN that enhances user privacy across blockchain interactions. GnosisDAO has decided on a combined investment of US$1.5M and 500 GNO tokens in @hoprnet, a pioneer in providing fully private, uncensorable data exchange between…

Altcoins