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.

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…

AltcoinsMay 30

Bitcoin Pioneer Ross Ulbricht Deserves a Second Chance at Freedom

✨ Exactly 9 years ago today, #Bitcoin pioneer ROSS ULBRICHT was sentenced to LIFE IN PRISON This week, PRESIDENT TRUMP pledged to pardon him The SHOCKING STORY of his UNFAIR TRAIL and why he deserves a chance at FREEDOM. A thread 🌟 pic.twitter.com/eMOQAVxFMP — The Bitcoin Historian (@pete_rizzo_) May 29, 2024 Nine years ago, Ross Ulbricht, the mastermind behind the first major Bitcoin marketplace, Silk Road, was sentenced to life in prison without parole. This week, former President Donald Trump announced his intention to commute Ulbricht’s sentence to time served, rekindling debates about the fairness of his trial and the…

LegalMay 30

Welsh government ‘wastes’ taxpayer cash on ‘PS2-looking’ metaverse

The Welsh government reportedly sunk £45,000 ($57,000) into a ‘PS2-looking’ metaverse project that was branded as ‘absolutely wank’ and ‘a waste of taxpayers’ money’ by users. On May 13, the Welsh government announced that “Wales has become the first UK nation to launch in the metaverse,” revealing a 3D virtual experience that would supposedly give visitors a taste of the attractions and landmarks the country has to offer. When it was launched, the project, which was commissioned by ‘Visit Wales,’ was dubbed by authorities as “a trial being used to test reach to even wider audience bases.” However, the plan…

MetaverseMay 30

Bitcoin Cash Sends Bitcoin Traders Warning Sign About Halving

BCH's post-halving slide of 15% might be a warning sign for bitcoin bulls. Bitcoin cash has been seen a proxy for the upcoming halving of rewards on the Bitcoin blockchain. Bitcoin's blockchain will halve rewards on April 20. Bitcoin's fourth mining reward halving, a programmed 50% reduction in the pace of supply expansion, is just eight days away. This event, scheduled to happen every four years, has historically presaged multi-month bull runs. However, ahead of the pivotal event, bitcoin's (BTC) offshoot bitcoin cash (BCH) is flashing a warning, asking traders to reassess expectations for an immediate post-halving price rise. The…

BitcoinMay 30

Ether ETF Listing Approval Sees Billions Poured Into Restaking Protocol Ether.Fi

Almost $1 billion worth of ether (ETH) has been deposited to Ether.fi over the past ten days. The protocol's native token has been up 41% in the past week. Ether.fi's CEO said that a spot ETF approval will help shift narratives around Ethereum and smart contracts. Restaking protocol Ether.fi has soared to record highs in terms of deposits and total value locked (TVL) as investors anticipate the approval of a spot ether (ETH) exchange-traded fund (ETF) in the U.S. More than 270,000 ether ($995 million) has been deposited to Ether.fi over the past ten days. The inflows, coupled with ether's…

EthereumMay 30

Robinhood Reveals $1 Billion Share Buyback Plan

Robinhood (Nasdaq: HOOD), a company with a market capitalisation of about $18 billion, has announced its first share buyback plan. Under this plan, it will repurchase $1 billion worth of its shares over the next two to three years. Robinhood’s Stock Buyback Plan The stock buyback plan, announced yesterday (Tuesday) after the stock market closed, has already received authorisation from the retail broker’s board of directors. “As our business and cash flow have continued to grow, we’re excited to announce a $1 billion share repurchase program to return value to shareholders,” said Jason Warnick, Chief Financial Officer of Robinhood. Under…

RegulationMay 30

‘Notcoin’ Game Token Is Launching Soon—Here's How the Claim Works

After amassing some 35 million players in the first three months of this year, viral Telegram-based game Notcoin is gearing up to launch its NOT token on The Open Network (TON) in the coming days. And now we know what to expect from that launch. Notcoin’s NOT token was expected to launch by the end of April, co-creator Sasha Plotvinov told Decrypt’s GG at Token 2049 Dubai last week. And there will be three key options for handling your funds from there, he explained. While the game’s “mining phase” ended on April 1 in preparation for the token launch, Notcoin…

AltcoinsMay 30

SEC Issues Warning to Cryptocurrency Investors – Here Are 5 Key Points

The US Securities and Exchange Commission (SEC) has issued a stern warning to cryptocurrency investors, drawing attention to the increasing risk of fraud in the field of crypto asset securities. The SEC's Office of Investor Education and Advocacy has issued an Investor Alert outlining how scammers are using the popularity of crypto assets, including cryptocurrencies, coins and tokens, to defraud unsuspecting investors. Fraudsters are leveraging new technologies and innovations to commit investment fraud, making it increasingly difficult for authorities to track and recover funds, the SEC said. These criminals often hide their identities and hide traces of funds using cryptocurrencies;…

LegalMay 30

Did Michael Saylor pay Bitcoin developers to stop working?

Ten31 managing partner Matt Odell claimed this week that he’d figured out Michael Saylor’s true beliefs about Bitcoin development, specifically that, if asked, “He would encourage you to not support open source developers,” that he has “actively killed deals to support developers,” and that “he is proud of it.” Odell’s opinion, which he shared on Nostr, is notable because he’s a fundraiser and board member at OpenSats, one of the largest donors to open-source Bitcoin development. Odell continued to rant against Saylor. “One of the big ETFs was going to donate to open-source developers. Saylor told them if they did…

BitcoinMay 30

NYSE Plans Bitcoin Options, Bringing Another TradFi Giant Into Crypto

The New York Stock Exchange plans to list index options tracking the price of bitcoin (BTC), bringing another traditional finance giant into the cryptocurrency space. The cash-settled derivatives will track the CoinDesk Bitcoin Price Index (XBX), a 10-year-old benchmark operated by this news organization's corporate sibling, CoinDesk Indices. The XBX is currently the benchmark for $20 billion in exchange-traded fund assets under management, according to the Wednesday press release announcing the partnership. "As traditional institutions and everyday investors are demonstrating their wide-ranging enthusiasm for the recent approval of spot bitcoin ETFs, the New York Stock Exchange is excited to announce…

RegulationMay 30