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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.

What You Need to Know About the ERC-20 Transition

In a significant development for the Web3 space, Lisk, a part of the Optimism Superchain, has announced its transition to the ERC-20 standard, marking a pivotal moment in its aim to onboard more users to Web3. This shift is designed to enhance the scalability and accessibility of Lisk, making it more compatible with a broader range of decentralized applications. The support from Kraken, one of the leading cryptocurrency exchanges, plays a crucial role in this transition, as expressed in Lisk Sepolia’s recent announcement, celebrating the support from Kraken for the ERC-20 LSK token. This partnership underscores a mutual commitment to…

Exchanges

Bitcoin to Surpass $300,000 in 2025: Plan B Analyst

Prominent financial and cryptocurrency analyst, who posts under the pseudonym Plan B, has made a bullish BTC prediction for this and next year in accordance with his Stock-to-Flow (S2F) for Bitcoin model, which predicts its price in the future. The prediction made by Plan B was related to the approaching Bitcoin halving event. Bitcoin to top $300K in 2025: Plan B Renowned financial analyst Plan B shared his take on the much-anticipated Bitcoin halvening and on how it is likely to impact the price of the largest cryptocurrency. He believes that this time the fundamental Bitcoin mining-related event will not…

Bitcoin

Osmosis co-founder Sunny Aggarwal on costumes, Cosmos, and the ‘Bitcoin renaissance’

Even if you’re not an avid ‘Cosmonaut,’ you’re probably familiar with Sunny Aggarwal, the co-founder of Osmosis Labs. With an infectious smile and upbeat personality, Sunny’s name is surprisingly apt. He’s the type of person whose deep intellect, quick wit, and unbridled passion light up the spaces around him. We were scheduled to meet at Cosmos Dubai during Token2049 but life had other plans. The Cosmos side event wasn’t to be. Dubai was struck by the worst floods in 75 years, reducing the skyscraping desert metropolis to a lake and plunging entire neighborhoods underwater. “There’s always Cosmoverse in October,” Sunny…

Altcoins

Kraken may delist USDT in EU to comply with MiCA

The EU regulations are still being finalized, but they are expected to significantly reduce the number of stablecoins offered in Europe. Kraken may delist USDT in EU to comply with MiCA Major crypto exchange Kraken is considering delisting Tether (USDT) from its European Union (EU) platform to comply with the upcoming Markets in Crypto-Assets (MiCA) regulations, according to a recent report from Bloomberg. The EU is setting MiCA regulations for crypto trading, specifically targeting stablecoins like Tether’s USDT. These rules will be enforced starting in July and will likely restrict how these stablecoins are offered in the EU. In a…

Exchanges

AI predicts Bitcoin price for May 1, 2024

The cryptocurrency market currently presents a confusing scenario for investors. Bitcoin (BTC) has once again attracted attention this week, showing notable price changes amid a global economic shift and cryptocurrency-related developments. As of April 18, Bitcoin price today hovers at $61,080, down by approximately 13.85% over the past week and losing over $180 billion from its market cap. Furthermore, the cryptocurrency has experienced a decline of 3.49% in the last 24 hours. This recent downturn has pushed the market capitalization of BTC to $1.293 trillion. Key BTC levels to Watch The current Bitcoin trading situation represents a critical point, as…

Bitcoin

Sui Surpasses Solana in Daily Transactions Amidst Spam Token Frenzy

Sui, a scalability-focused blockchain, has surpassed Solana, a top 10 cryptocurrency network, in activity levels, registering 41 million transactions on April 3. The activity overheating on Sui is caused by ‘spam’, a Sui native token designed to stress test the network’s capabilities, assigning tokens to users equivalent to the number of transactions issued. Sui Surpasses Solana’s Activity Fueled by Spam Stress Test Token Sui, a blockchain network that targets scalability and low fees, overcame Solana in registered activity. According to Artemis, a blockchain statistics tool, Sui registered over 41 million transactions on April 3, leaving Solana behind with 27.7 million…

Altcoins

Taiwan proposes two-year jail term for non-compliant VASPs in draft bill

Taiwan intends to tighten its digital asset regulations with a proposed bill seeking to criminalize digital currency crimes and impose harsher fines and prison sentences. The new bill targets VASPs serving Taiwanese investors and requires more stringent regulations to stamp out fraud and money laundering. Proposed by the Ministry of Justice, it heads to the Legislative Yuan in the coming weeks with the support of the Taiwanese government. Financial regulators in the East Asian nation have been hands-off with the industry and have given VASPs a high degree of autonomy. In March, the Ministry of Interior approved an application for…

Legal

Kraken Confirms Continued Support for Tether’s USDT in The EU

Crypto exchange Kraken has dismissed rumors about delisting Tether’s USDT stablecoin for its European users. Kraken’s Global Head of Asset Growth and Management, Mark Greenberg, clarified this in a May 18 post on X (formerly Twitter). Kraken to Continue Listing USDT in Europe BeInCrypto reported that Kraken was considering ceasing support for USDT in the EU if the stablecoin fails to comply with the forthcoming Markets in Crypto-Assets (MiCA) regulations, set to take effect in July. This regulatory framework is designed to provide clear guidelines for crypto asset developers and service providers. It ensures adherence to Anti-Money Laundering (AML) and…

Exchanges

Ark Invest Bitcoin ETF Sees Second Day of Outflows

While Bitcoin ETF watchers have been focused on a potential "flippening" in which BlackRock's IBIT overtakes Grayscale's GBTC in assets under management, another ETF has seen accelerating outflows. The Ark 21 Shares Bitcoin ETF (ARKB), from Cathie Wood's Ark Invest, has seen two straight days of outflows for the first time since the start of the month, per data from Farside Investors. Some $12.9 million exited the fund on April 16th, with a further $42.7 million in outflows on the 17th. Per data from the 21 Shares website, ARKB currently holds assets worth $2.7 billion, with year to date returns…

Bitcoin

Market Adjusts After Recent Increase

Ethereum price tested the $3,040 zone and corrected gains. ETH is now testing the $2,925 support and might aim for a fresh increase. Ethereum started a downside correction after the bears defended $3,040. The price is trading below $2,960 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,965 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 $2,925 support. Ethereum Price Dips Again Ethereum price started a fresh increase above the $2,950 and $2,960 levels, like…

Ethereum