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.

Can ETH Hit $4k after ETF Approval?

Ethereum price rose to a 40-day peak of $3,719 on Tuesday May 21, 2024, up 30% over the past week, bullish staking trends provide a glimpse into what to expect after the spot ETF approvals. Ethereum Price Hits 65-day Peak, Overtakes BTC as ETF Approval Looms. According to Bloomberg analysts, there’s now a 75% chance that the US Securities and Exchange Commission (SEC) will approve ETH spot ETF this week. Based on recent filings from digital asset management giants, including VanEck and BlackRock, the SEC is now in a race against time to deliver a verdict before the May 23/24…

EthereumMay 25

Turned $67K into $781K in 15 Minutes

According to Onchain data, a cryptocurrency whale made significant altcoin trades during today's decline. The whale in question managed to turn his initial investment of 500 Solana (SOL) into 5,789 SOL, or 781 thousand dollars, in just 15 minutes. This whale was one of these types of traders, called “snipers”, who managed to be among the first investors in memecoins as soon as they were introduced to the market. Balina wallet purchased a large amount of its earnings from an unknown Solana-based token called QUACK. The wallet purchased 665 million QUACKs by spending 500 SOL, which is equivalent to 67…

AltcoinsMay 25

Motion Filed to Vacate 'Dealer' Rule

Crypto Freedom Alliance of Texas and Blockchain Association filed a motion on May 17 to vacate the U.S. Securities and Exchange Commission (SEC)’s new Dealer Rule. The plaintiffs’ counsel argues that the SEC’s expanded definition of “dealer” exceeds its statutory authority under the Securities Exchange Act, particularly affecting the digital asset industry. The brief asserts that the SEC failed to address significant industry comments, lacked specific economic analysis for digital assets, and departed from established interpretations without adequate explanation. They claim this rulemaking process is arbitrary, capricious, and violates the Administrative Procedure Act (APA). The SEC’s new rule would impose…

LegalMay 25

Analysts Predict Further Drops to $59K

Bitcoin faces fresh downward pressure, with analysts eyeing potential drops towards $59,000. Loss of key moving average support and on-chain signals hint at a potential reaccumulation phase. “Still very possible that there is 1 more leg down for $BTC…” warns analyst Mark Cullen. Bitcoin’s rollercoaster ride continues, with experts weighing in on where the bottom might lie. Get the latest price analysis, predictions, and insights into what these movements could mean for your crypto portfolio. Bitcoin Risks Breaking Below $60K as Selling Pressure Mounts After failing to hold above $61,000, Bitcoin now faces renewed selling pressure. Analyst Mark Cullen predicts…

BitcoinMay 25

Vitalik Buterin Continues Ethereum Transfers to Privacy-Focused Tool Railgun

Arkham Intelligence data reveals that Vitalik Buterin, the Ethereum co-founder, transferred 80 ETH to the privacy-focused Railgun today. At today’s price, Buterin’s transfer is valued at roughly $300,000. According to on-chain data, this transfer is a significant example of Buterin’s ongoing use of Railgun over the past six months. Buterin’s Continued Support for Privacy Tools Raises Questions and Debates Buterin’s regular transfers to Railgun highlight his view that privacy is a fundamental right. Responding to the attention his actions often receive, Buterin stated that “privacy is normal.” He stressed that although privacy-focused protocols can be misused, tools like Railgun are…

EthereumMay 25

Renzo's REZ dips after airdrop and Binance listing

Renzo users could claim their airdrop based on accumulated ezPoints. REZ dips about 35% after listing on Binance and several other exchanges. Renzo seems to have gotten over an earlier scare from ezETH depeg last week. Ethereum liquid restaking protocol, Renzo, plunged nearly 35% on Tuesday after it went live on Binance and opened airdrop claims for its REZ token. Also read: Ethereum dips slightly amid Renzo depeg, BlackRock spot ETH ETF amendment REZ debuts on Binance REZ went live on Binance on Tuesday, one hour after opening airdrop claims for participants in its Season 1 campaign. Binance Launchpool had…

AltcoinsMay 25

The Bitcoin Policy Institute Launches the Peer-to-Peer Rights Fund to Help Defend Samourai Wallet Founders

The Bitcoin Policy Institute, a non-profit organization supporting bitcoin initiatives, has launched the Peer-to-Peer Rights Fund, a project seeking to protect bitcoin’s decentralized nature from regulatory overreach. The fund’s first objective is to aid in the defense of the founders of Samourai Wallet given the relevance of the case for the industry. Peer-to-Peer Rights Funds to Aid in Defending Samourai Wallet Founders More initiatives are surging to defend the bitcoin blockchain from government action. The Bitcoin Policy Institute, a bitcoin think tank founded by David Zell and Grant McCarthy, has launched the Peer-to-Peer Rights Fund to defend the decentralization of…

LegalMay 25

Mysterious $483 Million Bitcoin Transfer Hits Major US Exchange

A significant Bitcoin transfer of $483 million has captured attention within the cryptocurrency community today, following revelations from Whale Alert data. The transaction, executed by an entity identified only by the address "1Eob1," saw 7,690 BTC transferred to Coinbase, the largest cryptocurrency exchange in the United States, notably through its specialized division, Coinbase Institutional. What sets this transfer apart is the relative newness of the sending address. "1Eob1" emerged onto the cryptocurrency scene just two days prior, initiating its activity with a withdrawal of 932.069 BTC, equivalent to $59.97 million, from Coinbase Prime. Over the subsequent period, the address systematically…

BitcoinMay 25

Celsius Network burns entirety of its CEL holdings, eliminating 94% of total supply

Celsius Network burned its CEL holdings, representing the majority of the token supply, on April 30. Etherscan indicates the company burned 652.2 million CEL by sending it to a null address. The burned amount represents 94% of the previous total supply, which amounted to 692.8 million CEL, valued at roughly $83.2 million at current market price. The transaction reduced the remaining token supply to 40.6 million CEL, based on CoinGecko data — which has been updated to reflect the burned amount as of press time. The transaction originated from a wallet controlled by Celsius, based on Arkham Intelligence data. Arkham…

AltcoinsMay 25

Hong Kong Privacy Commission Cracks Down on Worldcoin

The Office of the Privacy Commissioner for Personal Data (PCPD), Hong Kong, has reportedly completed its investigation into Worldcoin. The investigation found significant violations of the Personal data (privacy) regulations. Hong Kong Has Been Probing Worldcoin Since December 2023 According to Hong Kong-based media outlet RTHK, Privacy Commissioner Ada Chung Lai-ling issued an enforcement notice against Worldcoin. The notice demands the immediate cessation of iris and facial image collection using scanning devices. The investigation revealed that Worldcoin’s practices in Hong Kong were excessive and unnecessary. Specifically, the retention of personal data for up to ten years to train AI models…

LegalMay 25