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.

Company that fried Red Lobster put shrimp on the blockchain

The seafood company that drove restaurant chain Red Lobster to bankruptcy with a misguided ‘Endless Shrimp’ promotion was previously praised for using blockchain technology to promote sustainable seafood production. Bangkok-based Thai Union became Red Lobster’s biggest investor in 2020 and subsequently took the decision to make the company’s popular ‘$20 Ultimate Endless Shrimp’ offer a permanent part of its menu. The promotion, which had been running on a limited-time basis for 20 years, was seen as the ideal way to shift the huge amounts of shrimp that Thai Union was catching. However, a 40% increase in customer traffic saw the…

BlockchainMay 22

Bitcoin Critic Peter Schiff Says Wall Street About to Start Selling

Renowned Bitcoin critic Peter Schiff has debunked claims that the next wave of capital influx into the BTC ecosystem will come from Wall Street investors. Peter Schiff counter-criticism Responding to a CNBC Squawk Box interview featuring Bitcoin bull Anthony Pompliano, who noted that the net new dollars that will flow into Bitcoin will come from Wall Street, Peter Schiff noted that, in actual reality, investors in America are plotting the reverse action. Since spot Bitcoin ETFs became greenlighted by the United States Securities and Exchange Commission (SEC) in January this year, there has been significant capital inflow into the industry.…

BitcoinMay 22

Bulls To Scoop Up the Opportunity?

Ethereum price started a downside correction from the $3,150 zone. ETH is holding gains and might start another increase from the $3,000 support. Ethereum started a downside correction after the bears defended $3,150. The price is trading above $3,000 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,080 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the $3,000 support. Ethereum Price Holds Ground Ethereum price gained pace after it settled above the $3,000 level, like Bitcoin.…

EthereumMay 22

Why This Hedge Fund Bought Dogwifhat at 1 Cent: ‘It Had a Hat’

After venture capital firm Stratos boasted 300x profits from an investment in Solana meme coin Dogwifhat (WIF), other hedge funds started to consider meme coins as a legitimate investment. So, why did Stratos believe in a Shiba Inu with a hat? The California-based firm invested in WIF in December when it was around $0.01. And it’s still holding onto its stash of WIF, which is now trading for $2.76 according to CoinGecko data. Prior to investing in WIF, Stratos had invested in some of the “blue chip” meme coins—the likes of Dogecoin, PepeCoin, and Shiba Inu. Due to its small…

AltcoinsMay 22

Two Analysts Explain Their Views

The US Securities and Exchange Commission (SEC) will make an important decision on the approval of Ethereum ETFs within the next week. However, according to Ric Edelman, President of the Digital Assets Council of Financial Professionals, the lack of a comprehensive regulatory framework for cryptocurrencies could lead to a negative outcome. Edelman, a famous investor and personal finance writer, expects another delay in the decision. “I think there will be another delay, which obviously isn't all bad news,” he said in an interview on CNBC's “ETF Edge” this week. However, the SEC will have two options, either an approval or…

LegalMay 22

Serenity Shield Launches Revolutionary Global Network to End Dependence on Centralized Data Storage

Serenity Shield is transforming the landscape of data storage with the launch of its new global Decentralized Physical Infrastructure Network (DePIN). This innovative network kicks off with the opening of its first decentralized data center in Muscat, Oman. This marks a significant step towards reducing the world’s reliance on centralized cloud services for storing data. The Muscat facility is just the beginning, with plans to activate additional facilities in strategic locations including India, Portugal, the Netherlands, the USA, and Australia over the coming months. This global expansion is part of Serenity Shield’s mission to offer a new paradigm where individuals…

BlockchainMay 22

In DC at the Bitcoin Policy Summit

In the whirlwind of April 2024, with Bitcoin ETFs dominating headlines and halving celebration planning in full swing, the Bitcoin Policy Summit emerged as a pivotal moment for policymakers, industry leaders, and human rights champions. Against the backdrop of global discussions on Bitcoin regulation—and coinciding with a solar eclipse—the summit aimed to be a beacon of reason and a catalyst for action in the rapidly evolving world of digital assets. The Bitcoin Policy Summit boasted a remarkable turnout, with more than 45,000 individuals tuning into the livestream. Among the 500+ in-person attendees were representatives from 26 universities, 75 government officials,…

BitcoinMay 22

Experts Predict Weak Futures-Spot Correlation Cloud Spot Ethereum ETFs Approval

As the US Securities and Exchange Commission (SEC) nears its decision on spot Ethereum exchange-traded funds (ETFs), skepticism grows among crypto industry experts. They highlight concerns over the complex links between Ethereum (ETH) futures and spot markets and potential security issues. This skepticism dims the outlook for these ETFs’ regulatory approval. Potential SEC Roadblocks for Spot Ethereum ETFs Approval Nate Geraci, President of the ETF Store, highlighted the necessity for SEC approval on both a 19b-4 change in trading rules and an S-1 registration statement for any ETF launch. However, the process may face delays, especially in S-1 approvals, even…

EthereumMay 22

XRP Achieves New Milestone of 5.2 Million Active Wallets

On-chain analytics firm Santiment has highlighted growth in nonempty XRP wallets. In a tweet, Santiment compares the growth of nonempty wallets among top market caps in the past six months, presenting the net change in this metric within the specified time frame. The number of nonempty wallets holding XRP soared to an astounding 5.2 million within the last six months, representing 7% growth. According to XRP Ledger services, an XRP Ledger explorer, the current count for accounts on XRP Ledger is 5,183,760, which holds a massive 59,778,941,576 XRP. Out of these numbers, a meager 1,939 addresses had zero balances. 📊…

AltcoinsMay 22

Regulators should embrace decentralized finance

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Right now, the world’s financial system operates under a veil of secrecy. Global banks currently undergo stress tests to examine whether they can withstand significant and sudden market downturns. But in some cases, regulators only require these exercises to take place once every two years—and the outcomes can be unacceptably opaque. You might also like: Regulating CEXs won’t stop bad actors: lessons from the FTX trial | Opinion It has only been 16 years since Lehman Brothers…

LegalMay 22