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.

Rapper Iggy Azalea Shows Interest in Crypto

Famous Australian rapper Iggy Azalea has joined the list of crypto-curious celebrities. "Who’s solana…? I don’t know that b***h," the 33-year-old hip-hop artist posted on the X social media network. The post was met with mixed reception within the cryptocurrency community, with some social media users expressing concerns about potential top signals. Azalea came to prominence with her massive hit "Fancy" which was released in collaboration with British pop star Charli XCX. The song spent seven weeks atop the Billboard Hot 100 chart in the US. She went on to simultaneously occupy the two top slots on the main American…

RegulationMay 28

Stripe integrates Avalanche C-Chain, enables direct AVAX purchases through its platform

Stripe, a leading financial infrastructure platform, has expanded its services to include support for the Avalanche C-Chain, according to a press release shared today. This development allows retail users to purchase AVAX, the native token of the Avalanche blockchain, directly through Stripe without the need for crypto exchanges. As noted in the press release, Avalanche’s native wallet, Core, developed by Ava Labs, has already integrated this new feature. Users can now fund their wallets using various payment methods, including ACH transfers, debit, and credit cards. Stripe noted that the Stripe onramp can be accessed through Core’s web extension or application.…

AltcoinsMay 28

Ex-Kansas Bank CEO Pleads Guilty to Embezzling $47M in Crypto Scheme

Kansas-based now-failed Heartland Tri-State Bank’s former head has pled guilty on Thursday for embezzling $47.1 million for a series of “personal crypto purchases.” This led to the bank’s failure in July 2023, at a complete loss of equity for investors, the U.S. Attorney’s Office for the District of Kansas noted. Shan Hanes, 52, who served as the CEO of the bank, purportedly orchestrated crypto schemes to cover the bank’s losses. He was squandering away tens of millions of dollars in cryptocurrency, the court order noted. “Shan Hanes is a liar and a master manipulator who caused Heartland Tri-State Bank to…

LegalMay 28

Samson Mow Breaks Silence After Crypto Bloodbath

In the wake of significant turbulence in the cryptocurrency market, Samson Mow, a well-known advocate of the "$1 million for Bitcoin" theory, has emerged with a clear and optimistic outlook on Bitcoin's future. Following a sharp decline in the price of Bitcoin, triggered by geopolitical tensions, Mow's confidence in the cryptocurrency remains unwavering. Despite recent losses, he maintains a bullish stance, expressing his conviction that Bitcoin holds strong potential for future growth. The recent market downturn saw Bitcoin losing nearly 14% of its value, reaching a low of $60,660, its lowest level in almost a month. Altcoins experienced even greater…

BitcoinMay 28

Omnity introduces cross-chain transactions for Bitcoin Runes

Interoperability protocol Omnity has announced the integration cross-chain transactions for Runes using Internet Computer (ICP) infrastructure, allowing the usage of these assets in different decentralized applications. Runes are a Bitcoin (BTC) metaprotocol facilitating the trade of fungible tokens without transaction fees that went live after the halving. Omnity is the first protocol supporting Runes interoperability, a move that aims at reducing Bitcoin network congestion by leveraging ICP to handle transactions. This integration comes at a critical time as Bitcoin’s network activity surges due to ETF inflows, Ordinals inscriptions, BRC-20 tokens, and now Runes. In less than a week, the Bitcoin…

AltcoinsMay 28

Worldcoin ‘disappointed’ with ban in Hong Kong, says authorities ‘overlooked’ aspects

The Worldcoin Foundation expressed disappointment with Hong Kong regulatory authorities’ recent ban, emphasizing its commitment to lawful operation and data privacy compliance. The Worldcoin Foundation has expressed its disappointment with the recent decision by Hong Kong regulatory authorities to ban its operations, asserting that the organization operates lawfully and complies fully with all relevant data privacy laws, including Hong Kong’s personal data (privacy) ordinance. In a commentary to crypto.news, a spokesperson for the Worldcoin Foundation said the company “operates lawfully and is designed to be fully compliant with all laws and regulations governing data collection and use.” “This includes the…

LegalMay 28

Mizuho Securities Analyst on Bitcoin, Coinbase, and Gold

Mizuho Securities is a major Japanese investment banking and securities firm. It is a subsidiary of Mizuho Financial Group, one of the largest financial services companies in Japan, which also includes Mizuho Bank and Mizuho Trust & Banking. On 12 April 2024, Dan Dolev, a senior research analyst at Mizuho Securities, joined CNBC’s “The Exchange”, where he provided a detailed and somewhat critical perspective on the cryptocurrency market, mainly focusing on Bitcoin and Coinbase. Dolev expressed significant skepticism about Bitcoin’s role and stability as an investment vehicle. He questioned whether Bitcoin behaves more like a growth stock or a store…

BitcoinMay 28

Wormhole's W Token Jumps 7% Amidst Crypto Market Decline

Despite a global crypto market downturn, Wormhole (W) surged by 7% to reach $0.6346. Introducing Native Token Transfers (NTT) for W allows seamless use across Solana, Ethereum, Arbitrum, Optimism, and Base. In defiance of the broader downturn in the crypto market, Wormhole’s native token (W) has surged by 7% within the last 24 hours, reaching $0.6346. This spike has propelled Wormhole’s market cap to $1.14 billion, securing its position at 73rd place in the cryptocurrency rankings. Additionally, the trading volume for W has soared by 72% in the same period, hitting $164 million. Wormhole has exhibited a price range of…

AltcoinsMay 28

Korean authorities under pressure amid US, Hong Kong crypto ETF moves

Korean regulators seem to be under pressure as U.S., Hong Kong regulators approved Bitcoin, Ethereum ETFs, sparking debate on crypto’s role in finance. South Korean financial regulators are under mounting pressure to approve exchange-traded funds (ETFs) for cryptocurrencies, following the U.S. Securities and Exchange Commission’s (SEC) recent approval of spot Ethereum ETFs, the Korea Times reports, citing local representatives of both crypto and traditional finance markets. A spokesperson for Xangle, a Seoul-based crypto data provider, criticized Korea’s current approach as “outdated” and suggested that recent actions in the U.S. would likely put more pressure on Korean regulators. “Under the circumstances,…

LegalMay 28

Mempool Founder Mononaut Raises Red Flag Over Bitcoin Layer 2 Implementations

Bitcoin Layer 2 solutions have gained significant traction this year but have also drawn their fair share of criticisms. Mempool founder Mononaut has strongly criticized them and pointed out several drawbacks from a technical standpoint. Interestingly, Mononaut’s stance gains support as Bitcoin Ordinals founder Casey Rodarmor. Bitcoin Layer 2 Under Fire The main objective of Bitcoin Layer-2 networks – which serve as secondary protocols built on top of the Bitcoin blockchain – is to improve scalability and transaction efficiency. This is achieved by offloading transactions from the main blockchain, leading to faster transaction processing and decreased congestion, ultimately resulting in…

BitcoinMay 28