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.

The Initial Year Of The DLT Pilot Regime: Challenges And Insights

On April 3, 2024, the European Securities Market Authority (ESMA) sent an update letter to the European Commission and other EU institutions on the uptake of distributed ledger technology by financial market infrastructures in the context of the DLT Pilot Regime (Regulation (EU) 2022/8581 ). This letter was sent and published instead of an interim report that ESMA is required to publish (see Article 15 of the DLT Pilot Regulation). ESMA must publish annual interim reports to (i) inform market participants on market functioning, (ii) address misconduct by DLT market operators, (iii) clarify Regulation applications, and (iv) update guidance based…

RegulationMay 19

Shiba Inu Highlights Its Achievements in Dubai

Shiba Inu outlines its participation in the TOKEN2049 conference, emphasizing its dedication to shaping the financial landscape alongside its community members. The team behind the Shiba Inu ecosystem has taken to X to recount its achievement in Dubai at the just-concluded TOKEN2049 conference. 🧵 1/ #SHIBArmy what an exhilarating time we had at @token2049 in Dubai this April! As gold sponsors, we were right in the thick of it all, sparking engaging discussions and demonstrating the sheer potential of decentralization. Here’s a look back at our remarkable journey at… pic.twitter.com/MwP8j6PdAd — Shib (@Shibtoken) May 5, 2024 For context, the first…

AltcoinsMay 19

House Resolution to Overturn Controversial SEC Rule Likely to Pass in Senate: Sources

A House proposal to revoke the U.S. Securities and Exchange Commission's Staff Accounting Bulletin 121 is likely to pass through the Senate in a vote on Thursday, multiple people familiar with the situation told CoinDesk. A Senate source familiar with the situation told CoinDesk they expected a floor vote on Thursday in the late morning, and the bill was in a "good position" for passage. "There'll likely be more than one Democrat voting for it," the individual said. SAB 121 intended to explain how businesses should account for crypto assets, saying they should hold these assets on their own balance…

LegalMay 19

Miners need a Bitcoin use case to stick

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The Bitcoin network’s security is based on the addition of new blocks to the chain, which miners are financially incentivized to produce. In turn, miners’ revenues comprise the transaction fees for all transactions included in a block that they mine as well as a block subsidy. You might also like: Runes is making Bitcoin fun and accessible again | Opinion However, the block subsidy will not last forever: it is halved every four years (most recently on…

MiningMay 19

Liquidiations Top $255 Million as Bitcoin Recovers to $63K Ahead of Halving

Bitcoin has left a trail of $255 million worth of liquidations in its wake after it suddenly plummeted to $61,000 yesterday and took the rest of the market with it. The Bitcoin price has shown some signs of recovery since yesterday, hitting a peak of just under $63,000 early Thursday. BTC is currently changing hands for around $62,750, down only 0.1% in the past 24 hours and 11.1% lower than it was this time last week, per data from CoinGecko. The broader crypto market has moved on a similar trajectory; the global crypto market capitalization is now only 0.1% lower…

BitcoinMay 19

the crypto forecasts according to Coinbase

Coinbase has stated that the Ethereum crypto could bring positive surprises in the coming months. According to the report, it is unlikely that the cryptocurrency will be replaced as the center of decentralized finance. The market may underestimate the timing and likelihood of a possible approval of a US ETF on spot Ether. Let’s see all the details below. Coinbase Report: no excess supply for the Ethereum crypto Coinbase regarding Ethereum ETFs Possible bounce back after the sell-off, according to TradingView Coinbase Report: no excess supply for the Ethereum crypto As anticipated, Ethereum (ETH) has had a lower performance compared…

EthereumMay 19

SWIFT China President Wen Yang on Overcoming Barriers in CBDC Systems

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) China President recently shared insights on the challenges and solutions for cross-border central bank digital currency (CBDC) interoperability. In an interview with 21st Century Business Herald, Wen Yang addressed the fragmentation in CBDC systems due to varying technological paths and standards among different economies, highlighting the organization’s effort to bridge technical gaps. CBDCs Face Cross-Border Challenges According to the report, over 130 economies are now exploring CBDCs, with nearly 70% of central banks expecting to issue them within the next decade. However, the rapid development could lead to potential “data silos” where…

RegulationMay 19

Shiba Inu Sets 81 Million SHIB Ablaze as Burn Rate Soars 4,085%

Shiba Inu (SHIB) is on a major rebound in its burn rate as more than 81 million tokens have been sent to dead wallets. Data from Shiba Inu burn tracker Shibburn pegs the burn rate at 4,085.94% in the past 24 hours. Build up in deflated SHIB Every Shiba Inu sent to the burn address is designed to contribute to the overall SHIB taken out of circulation. The latest Shiba Inu burnt has pushed the total incinerated to 410,726,232,655,518 SHIB. With this, about 589,273,767,344,481 SHIB is left in circulation. Meeting SHIB investors’ expectations from this incinerated token remains a volatile…

AltcoinsMay 19

US Department of Justice Announces Arrest of Two People Who Attacked Ethereum Blockchain

According to a breaking statement, the US Department of Justice arrested two brothers named Anton Peraire-Bueno and James Pepaire-Bueno for attacking the Ethereum blockchain and stealing $ 25 million. The indictment charging 24-year-old Anton Peraire-Bueno, who lives in Boston, and 28-year-old James Pepaire-Bueno, who lives in New York, with conspiracy to commit fraud, bank fraud and money laundering crimes was announced today. The charges stem from the defendants' scheme to fraudulently obtain $25 million worth of cryptocurrency in approximately 12 seconds by leveraging the integrity provided by the Ethereum blockchain. The Peraire-Bueno brothers were arrested yesterday in Boston and New…

LegalMay 19

Has Craig Wright Finally Given Up His Campaign to Claim Bitcoin Was His Idea?

In what may be the end of a decade-long odyssey, self-proclaimed inventor of Bitcoin, Dr. Craig Wright, has dropped his lawsuit against 12 Bitcoin developers in the Tulip Trading Limited v. Bitcoin Association for BSV & Others case, the Bitcoin Legal Defense Fund said on Wednesday. “Wright’s discontinuance of the Tulip Trading lawsuit means that Bitcoin developers are once again free to contribute to this world-changing network without the threat of litigation and harassment,” the Bitcoin Legal Defense Fund said in a post. “W” Bitcoin Legal Defense Fund backer Jack Dorsey tweeted, responding to the news. W https://t.co/ThdpTFf7sP — jack…

BitcoinMay 19