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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.

New Competitors Eating Away At Tether’s USDT Stablecoin Dominance: Kaiko Analytics

Market intelligence platform Kaiko Analytics reports that new competitors are chipping away at Tether’s (USDT) stablecoin dominance. In a new report titled “Tether Loses Market Share,” Kaiko Analytics says that the stablecoin issuer’s market share over centralized exchange platforms (CEXs) has dipped 13% year-to-date (YTD) due to the growth of rival dollar-pegged digital assets, such as FDUSD and USDC. “Despite its dominant market position, USDT’s market share on CEXs has been trending downwards, declining from 82% to 69% YTD. This decrease can be partly attributed to growing competition from stablecoins like FDUSD which benefit from Binance’s zero-fee promotions. USDC has…

Altcoins

FTX examiner recommends further investigation into shortfalls, S&C's legal representation

The court-appointed examiner, Robert J. Cleary, has released a detailed report recommending additional investigations into several aspects of the collapsed FTX Group, particularly focusing on FTX.US, its asset management practices, and its legal representation by Sullivan & Cromwell (S&C). Cleary’s report, submitted to the US Bankruptcy Court for the District of Delaware, outlines the necessity of three primary investigations to further clarify the circumstances surrounding FTX Group’s downfall. Shortfalls The first key recommendation centers on FTX.US balance sheet shortfalls. The report highlights significant concerns over recurring “holes” or shortfalls in FTX.US’s balance sheet. These gaps, particularly evident in November 2022,…

Legal

B2C2 Joins Swissquote to Enhance Cryptocurrency Trading Liquidity

B2C2, a provider of institutional liquidity for digital assets, has announced a partnership with Swissquote, an online banking and financial services provider based in Switzerland. Swissquote has developed Swissquote Exchange (SQX), a central limit order book that offers deep liquidity and a secure environment for trading cryptocurrencies. Users of SQX can trade, hold, and transfer cryptocurrency assets within their Swissquote accounts, under the regulation of a Swiss bank. Since its launch in October 2022, SQX has expanded to include over 40 cryptocurrencies. The collaboration between SQX and B2C2 is intended to enhance the digital asset marketplace by increasing trading activity…

Exchanges

ZetaChain Announces the Launch of UniSat Bitcoin Wallet in a New Collaboration

ZetaChain, a layer-1 blockchain dealing with chain abstraction, has recently announced an exclusive partnership. The platform has started a collaboration with the BTC service provider UniSat Wallet to assist the application developers in integrating BTC wallets for users. On its account on X, the company revealed further details concerning this launch. We're excited to share @unisat_wallet is the newest Bitcoin compatible wallet on ZetaChain! App developers can integrate Bitcoin wallets like UniSat to let users interact with any Universal App on ZetaChain from the Bitcoin network. In the ZetaDocs, we have a dedicated tutorial… pic.twitter.com/nTtu8GC4fE — ZetaChain (@zetablockchain) May 22,…

Blockchain

Andrew Tate hints Ethereum could hit this price

Although the cryptocurrency community is familiar with Andrew Tate’s love for Bitcoin (BTC), the social media personality and former professional kickboxer also seems bullish on the market’s largest altcoin – Ethereum (ETH) – as he recently suggested it would surpass an important price level. Indeed, true to his style of communication, the popular influencer with a massive following promised his followers on social media platform X (formerly Twitter) that he would call them all “losers” if Ethereum hits the price of $4,000, according to his X post on May 22. At the same time, Tate shared his post from early…

Ethereum

Top Crypto Companies Earning the Most Fees

Key Takeaways Crypto transaction fees are generated when you buy, sell, or move crypto from one address to another. These transaction fees can be a barometer for the growth and vitality of a crypto project, as there tends to be a correlation between transaction fees and a project’s success. Since growing fees can signal great crypto investments, here’s our list of top crypto companies earning the most fees. Crypto networks charge fees when you buy, sell, or move crypto. These fees help prevent spam, support blockchain security, and aid in platform development: essentially, fees are how crypto companies make money.…

Regulation

Solana Co-Founder Says Cosmos and One SOL Rival Are Clear Winners in Building Sovereign Blockchains

Solana (SOL) co-founder Raj Gokal is naming two blockchains that have a head start in the sovereign blockchains crypto sub-sector. At a TOKEN2049 panel discussion, Gokal says that Avalanche (AVAX) and Cosmos Hub (ATOM) are “the clear winners” with regard to sovereign blockchains. A sovereign blockchain is typically under the control of a single entity, unlike public blockchains such as Bitcoin (BTC) which are decentralized. According to Gokal, Cosmos Hub and Avalanche have some differences that set them apart. “Cosmos is an old-school project and it’s not that coordinated. I think Avalanche brings the coordination and the ability for developers…

Altcoins

Detained Binance Executive Tigran Gambaryan Collapses During Money Laundering Trial in Nigeria

In a dramatic turn of events, Tigran Gambaryan, a detained executive of cryptocurrency exchange Binance, collapsed in court due to alleged ill health during his ongoing money laundering trial on May 23, as reported by Vanguard. The incident occurred at the Federal High Court in Abuja shortly after the case was called for continuation before Justice Emeka Nwite. Gambaryan, a U.S. citizen, and British-Kenyan national Nadeem Anjarwalla face charges of laundering over $35 million and engaging in specialized financial activities without a license. Both executives have pleaded not guilty. Detained Binance Executive Slumped During Trial The courtroom drama unfolded when…

Legal

OKX Introduces DYDX Subscriptions on On-chain Earn for Seamless On-Chain Rewards

OKX launches DYDX subscriptions on its On-chain Earn platform, starting from today. This move aims to provide users with effortless access to on-chain rewards. — The introduction of DYDX subscriptions on On-chain Earn brings forth several key features: No Subscription Limits: Users can stake DYDX tokens without encountering any subscription constraints, enabling greater flexibility in participation. Simplified Operational Steps: OKX has prioritized user experience by implementing simplified operational procedures, ensuring a hassle-free staking process. Real On-chain Annualized Earnings: Participants can look forward to tangible annualized earnings through their staked DYDX tokens on the On-chain Earn platform. To engage with DYDX…

Exchanges

Nightly Wallet Integrates Vara Network to Improve Asset Management

Nightly Wallet, a multi-chain crypto wallet, has recently announced an exclusive development. The platform has reportedly integrated the popular smart contract forum called Vara Network while endeavoring to improve asset management operations in its ecosystem. Vara Network disclosed the respective integration on its X account. Integration update👾@Nightly_app has integrated with #VaraNetwork! Nightly, a multichain wallet created to embrace the full potential of blockchain. It includes an extension & mobile wallet now working on Vara Built by experienced web3 degens, Nightly is now available on Vara pic.twitter.com/crGOdB3Ipj — Vara Network @BerlinBlockchainWeek (@VaraNetwork) May 22, 2024 Nightly Wallet Collaborate with Vara Network…

Blockchain