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.

U.S. Senator expresses CBDC concerns, supports Bitcoin

U.S. Senator Marsha Blackburn highlighted the personal privacy and government surveillance risks of Central Bank Digital Currencies and Bitcoin. In recent remarks at the Bitcoin Policy Summit, the Tennessee Republican expressed strong concerns about Central Bank Digital Currencies (CBDCs), labeling them as potential spy tools for government oversight. “Central Bank Digital Currencies are essentially a way for the government to have a peephole into everyone’s personal finances,” Blackburn said. She argued that such digital currencies could enable unprecedented access to individual financial transactions, thereby increasing the potential for governmental control over personal freedoms. NEW – US Senator Marsha Blackburn: CBDCs…

BitcoinMay 24

Ethereum price crash attributed to MEV manipulation: Report

Ethereum (ETH) faced a nearly 5% crash in one hour this Thursday, despite the anticipation around the approval of spot Ethereum exchange-traded funds (ETFs) in the US. The X user identified as ai_9684xtpa pointed out that this was likely a market manipulation movement by the trading firm Symbolic Capital Partners. “The agency sold 6,968 ETH in one minute at 20:56, worth $27.38 million, with an average selling price of $3,930; one transaction sold 3,497 ETH on the chain at one time, and the bribe cost was as high as 90 ETH,” explained ai_9684xtpa. Such transactions are known as MEV, short…

EthereumMay 24

Neo SPCC rolls out updates to NeoFS node, API, and Panel application

Neo SPCC has rolled out a number of updates across major NeoFS components. Several enhancements have been made to the node implementation, API, and Panel frontend application. Panel v0.5.2 The recently released Panel serves as a user interface for the NeoFS network. The latest version makes changes geared towards general user experience. Container creation fees are now communicated on the UI, and Neon Wallet connection has been adjusted to work without a popup, improving wallet compatibility. The team reworked the Extended EACL rules/filters component to improve user experience and updated the “allow reads for others” example to be more strict.…

AltcoinsMay 24

What Ethereum ETF Approvals Would Mean for US Crypto Policy

When the U.S. Securities and Exchange Commission (SEC) indicated earlier this week that it was suddenly open to the prospect of approving spot Ethereum ETFs, after months of stubborn signals to the contrary, the about-face didn’t just catch Crypto Twitter by surprise. It also shocked the nation’s top crypto lobbyists, who spend their days tracing minuscule shifts in Washington’s mood on the industry. “It is a remarkable pivot,” Kristin Smith, CEO of the Blockchain Association, a prominent crypto lobbying group, told Decrypt. “It is one that I did not foresee.” How did the pivot come to pass? And after years…

LegalMay 24

Rumors of Bybit’s Insolvency Trigger Panic in the Crypto Community

Recent rumors suggesting the insolvency of crypto exchange Bybit have sent shockwaves through the crypto community, escalating panic and speculation. A significant error on Arkham’s on-chain analysis platform mistakenly showed a drastic drop in Bybit’s assets, triggering anxiety. Bybit Gives Clarification Regarding the Insolvency Rumors Initially fueled by the alarming graphical representation, the rumors led to a substantial outflow of funds. Reports from DefiLlama co-founder 0xngmi indicate withdrawals exceeding $50 million. Despite this, 0xngmi contextualized the situation, stating that the withdrawals are nothing compared to Bybit’s total assets. In response to these unsettling events, a Bybit spokesperson clarified the situation…

ExchangesMay 24

Investing in the Metaverse: Is It Worth It?

The concept of the Metaverse has gained significant attention in recent times, prompting many to consider its investment prospects. The Metaverse refers to a virtual universe where users can interact with a computer-generated environment and other participants in real-time. It encompasses a wide range of technologies, including virtual reality (VR), augmented reality (AR), blockchain, and artificial intelligence (AI). Metaverse Market Size and Growth The global metaverse market has been experiencing rapid growth. In 2022, the market was valued at approximately $63.83 billion. However, the market is expected to grow at an impressive compound annual growth rate (CAGR) of 44.4% from…

MetaverseMay 24

Peter Schiff Blasts Mike Novogratz's Bitcoin Bull Run Prediction

Popular financial expert and banker Peter Schiff has taken aim at crypto mogul Mike Novogratz's recent bullish forecast for Bitcoin, questioning the validity of Novogratz's assertions. Schiff, known for his skepticism toward the leading cryptocurrency, has challenged Novogratz's prediction that the influx of buyers through Bitcoin ETFs will drive the digital asset's value to new heights. In response to Novogratz's statement that Bitcoin ETF buyers, many of whom are newcomers to the crypto space, will act as long-term holders, Schiff dismissed this notion, characterizing them instead as mere opportunistic traders. He suggested that these newcomers, whom he labeled as "Johnny-come-lately"…

BitcoinMay 24

Insiders Share When SEC Will Announce Ethereum Spot ETF Decision

Ethereum ETF issuers have been given until this morning to submit their final 19b-4 forms, according to two sources at The Block. However, even if these forms are approved, trading of these products is not expected to begin for a few weeks. An issuer was notified yesterday that it had until 5pm today to amend and file form 19b-4. According to a different source, another issuer was given an earlier deadline. The U.S. Securities and Exchange Commission (SEC) expects to make a decision on approving one or more applications after the market closes today, a source at an applicant company…

EthereumMay 24

Whale Deposits 101,068,376,968 Shiba Inu to Coinbase, Faces $560K Loss

On-chain analyst Data Nerd reports a crypto whale deposited over 101 billion Shiba Inu (SHIB) into Coinbase, facing a $560K loss amid a substantial market downturn. A recent post on X from on-chain analyst Data Nerd reveals significant activity by a crypto whale involving the token Shiba Inu (SHIB). The whale, identified by the wallet address 0x9f5, has been notably active, engaging in substantial trades that could test market liquidity. Citing data sourced by Arkham Intelligence, Data Nerd noted that this individual deposited 101.068 billion SHIB, approximately $2.15 million, into a Coinbase account. 3 hours ago, a whale 0x9f5 just…

AltcoinsMay 24

U.S. Supreme Court Loss for Coinbase Leaves Company with Mixed Record

Coinbase took a loss in its latest Supreme Court argument on a very narrow point about arbitration. Bad news for Coinbase doesn't translate directly to anything in the digital assets sector. The U.S. Supreme Court ruled against Coinbase Inc. (COIN) in its dispute over which legal agreement should hold sway when parties are under two distinct contracts and the first of them calls for arbitration, finding the company's case was "unpersuasive" and that the courts need to work those questions out when they arise. The matter was far removed from the company's cryptocurrency business, but arbitration issues have been increasingly…

LegalMay 24