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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.

U.S. Treasury Describes NFTs as 'Highly Susceptible to Use in Fraud and Scams'

The risk assessment is the Treasury's first into NFTs as a means of carrying out fraud and other crimes. The Treasury determined that NFT platforms "lack appropriate controls" to combat money laundering and sanctions evasion. The U.S. Treasury Department said non-fungible tokens (NFTs) are "highly susceptible to use in fraud and scams and are subject to theft," in a new risk assessment about illicit finance, its first into NFTs as a means of carrying out fraud and other crime. "The report determines that illicit actors can use NFTs to launder proceeds from predicate crimes, often in combination with other methods…

NFT

3 Crypto Sectors Ready to Surge Beyond Expectations

Ethereum Layer 2: After ETF approval, expect a surge in tokens like Arbitrum, Optimism, and Mantle. Ethereum Coin Memes: Meme coins like Shiba Inu, Pepecoin, and Floki Inu could experience significant growth. Ethereum Restaking: With ETF endorsement, restaking protocols like EigenLayer promise additional yield for ETH holders. An Ethereum spot ETF has been officially approved, with the price of ETH briefly touching $3,945. With this endorsement, the crypto sector related to Ethereum will potentially experience an appreciation in price. There are 3 crypto sectors that could potentially be impacted by the approval of a spot Ethereum ETF. Ethereum Layer-2 Layer…

Ethereum

Goldman Sachs Digital Assets Lead Matthew McDermott on the Institutional Embrace of Tokenization

Approval of bitcoin ETFs was a "big psychological turning point," reigniting retail trading interest in crypto and bringing in new types of institutions. Tokenization is a growing trend due to the sheer benefits of "digitizing the lifecycle" of asset issuance by improving firms' operating efficiency and increasing liquidity. Crypto has the ability to transform parts of the financial system to operate in more efficiently. AUSTIN, TX — Goldman Sachs, the 150-year-old investment bank, is getting deeper into crypto, according to the firm's global head of digital assets, Mathew McDermott. The executive, a 19-year veteran of the bank, helped found its…

Regulation

SHIB Burn Rate Skyrockets After Crucial SHIB Upgrade Announcement

Popular wallet tracker Shibburn has published an update on the key Shiba Inu metric it keeps an eye on. Along with a substantial rise in the SHIB burn rate, a large amount of meme coins has been transferred out of the circulating supply. This happened after the SHIB team announced a major Shibarium upgrade scheduled in less than a week. SHIB burn rate surges According to Shibburn, within the past 24 hours, the SHIB community has tenaciously disposed of 45,168,738 million Shiba Inu meme coins. This has allowed the overall daily SHIB burn rate to stage an increase of 88.32%.…

Altcoins

'Crypto Unicorns' Reveals Airdrop Rewards Amid Move to Ethereum Layer-3 Xai

Crypto Unicorns has announced a “play-to-airdrop” campaign to start next month, amid the game’s migration across the Ethereum scaling ecosystem—from sidechain Polygon to Arbitrum’s layer-3 Xai gaming network. Founded in 2021, the expanding Crypto Unicorns ecosystem includes the core land-based building and battling experience, spinoff jousting, and party games. The project’s NFTs have generated about $35 million worth of trading volume to date. While Crypto Unicorns migrates to Xai, the game will be paused and unplayable, set to return “in a month” when the play-to-airdrop campaign will begin. Players will earn points by achieving in-game goals such as hatching a…

GameFi

Bitcoin sentiment shifting from anticipation to optimism: IntoTheBlock

Investor sentiment towards Bitcoin (BTC) is shifting from anticipation to optimism as the halving approaches, reveals the latest “On-Chain Insights” newsletter from on-chain data platform IntoTheBlock. The reason is the close attention investors pay to the halving’s potential impact on BTC’s scarcity and subsequent price movements. Historically, Bitcoin’s value has surged post-halving due to the combined effects of increased demand and reduced supply growth, and investors are willing to see if the story will repeat itself this time. Sapphire After the first halving, the BTC value skyrocketed from $13 to $652, marking a staggering 4,802% return on investment. However, the…

Bitcoin

Here’s How Much You Need to Make $50K, $100K or $250K if Shiba Inu Hits $0.0065, $0.02 or $0.19

This article evaluates how much a Shiba Inu investor would need to rake in $50,000, $100,000 or $250,000 in profit if SHIB reaches lofty targets such as $0.0065, $0.02 or $0.19. Shiba Inu is currently flirting with its 50-day exponential moving average (EMA) at $0.00002486, currently trading for $0.00002470 amid the ongoing market uncertainty. SHIB is currently down 19.68% this month, but optimism among market watchers remains high. As a result, price projections to audacious targets have prevailed despite SHIB’s current downward trajectory. One of the catalysts behind the sustained confidence is Shiba Inu’s ability to close last month with…

Altcoins

GameFi Is Coming Back, Says Illuvium Co-Founder

GameFi, once a buzzword in the cryptocurrency market, is now resurging with a vengeance. This revival is driven by innovative developments, market adaptation, and a growing global audience. These technologies are not a rising trend but a transformative movement in the gaming industry. The Boken Play-to-Earn Model Kieran Warwick, co-founder of Illuvium, told BeInCrypto about Southeast Asia’s pivotal role in GameFi’s resurgence. According to him, Southeast Asia, with its young, tech-savvy population and high crypto adoption, is a crucial player in this sector. The region’s preference for mobile and accessible gaming platforms integrated with blockchain technology highlights the potential of…

GameFi

Bitcoin halving interest doubled since 2020

More people worldwide are interested in the Bitcoin halving this year compared to 2020. According to the CoinWire research provided to crypto.news, the appeal of Bitcoin’s (BTC) halving has almost doubled since its previous quadrennial block reward slashing. The firm analyzed this year’s Google Trends data from across the globe and discovered that BTC halving interest scores increased from the previous cycle 51 to 100 days before the watershed event. The first halving in November 2012 scored zero on the trends chart, as blockchain technology and cryptocurrencies were reasonably new to financial curiosity. The score rose to four by July…

Bitcoin

Vitalik Buterin Slammed by Bitcoin Maxi, but Erik Voorhees Comes to Rescue

Andrew Howard, CBO at Jan3 company spearheaded by Samson Mow, has sent a critique against Ethereum founder Vitalik Buterin for dumping almost $100 million worth of ETH on the market six years ago, when the ETH price reached an all-time high. Several Bitcoiners, including major figure in the community Erik Voorhees, have stood up to Howard to defend Buterin. Howard jabs Buterin, Erik Voorhees defends Buterin In his tweet, Andrew Howard recalled that Vitalik Buterin had admitted to public selling of 70,000 ETH back in 2018, when the second largest cryptocurrency reached a historic price peak of $1,119. At that…

Ethereum