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.

XRP Ledger Might Soon Level up With New Upgrades: Details

XRP Ledger, a decentralized blockchain network powering the XRP cryptocurrency, is poised to undergo significant upgrades, sparking anticipation and excitement within the cryptocurrency community. New proposals and discussions are now taking place involving Compliance, Smart Contracts, Automation (optional fees), TradFi and DeFi, Expanding features, Sidechains and better user experience (UX). With all the proposals, discussions and developments on the horizon, XRP Ledger is set to level up and reinforce its position as a leading player in the digital asset space. Krippenreiter, an XRP Ledger and DLT researcher, shares an exhaustive list of what is in the pipeline for XRP Ledger.…

AltcoinsMay 19

Canada’s ‘Crypto King’ and Associate Arrested, Charged With Fraud in Alleged $30M Ponzi Scheme

Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD –i n a crypto and foreign exchange investment scheme. Self-proclaimed “Crypto King” Aiden Pleterski, 25, was charged with fraud and money laundering for his role in the alleged Ponzi scheme. His associate, 27-year-old Colin Murphy, was charged with fraud, the Ontario Securities Commission announced Wednesday. The criminal charges, which are the result of a 16-month investigation Canadian authorities are calling Project Swan, come amid an ongoing bankruptcy case tied to the alleged scheme that has been…

LegalMay 19

Bitcoin’s halving is a major spectacle — that’s the whole point

The Bitcoin halving is imminent. But even if you know what it is, you may not know why it is. In our view, the halving exists to make bitcoin interesting — and interesting things attract attention. Bitcoin’s pseudonymous inventor, Satoshi Nakamoto, could have chosen a boring issuance schedule. Instead, he imbued bitcoin with a seasonal fireworks display, commanding attention from an increasingly wide and diverse group of bitcoin users. Bitcoin famously has a supply cap of 21 million, 1.3 million of which remain unminted. The network will mint these coins through the year 2140 in the same way bitcoins have…

BitcoinMay 19

Vitalik Buterin Addresses Major Concerns by Ethereum Community

Vitalik Buterin has published a new article outlining upcoming Ethereum improvements, particularly focusing on PeerDAS, the Verkle tree transition and decentralized methods for storing history as proposed in EIP-4444. Grats @dankrad @peter_szilagyi you got me to interrupt my work on EIPs and make a twitter response that turned into an unscheduled poast 😀https://t.co/mmVaiEV68K — vitalik.eth (@VitalikButerin) May 17, 2024 Ethereum's founder emphasized the importance of decentralization, a key element of ETH's unique development strategy. He also addressed issues like Maximal Extractable Value (MEV) and the balance between minimizing and quarantining it. The article was inspired by a series of tweets…

EthereumMay 19

Cryptocurrency Revolution in Asia: Companies Announce Plans

A recent survey by SBI Digital Assets Holdings, a subsidiary of Japanese asset manager SBI Holdings, reveals that institutional demand for cryptocurrencies is increasing. The survey found that nearly 60% of Asian institutional investors had exposure to some form of digital asset in the past year. Almost 40% of these institutions said they wanted to increase their exposure in 2024, while 25% said they planned “significant increases.” Only 15% said they had no plans to invest or trade in digital assets. “This trend shows that digital assets are increasingly accepted in diversifying investment portfolios,” the report said. His interests varied.…

RegulationMay 19

Solana (SOL) Skyrockets 37% in Trading Volume

In the ever-volatile world of the crypto market, one coin has been making headlines recently with its remarkable surge in trading volume. Solana (SOL), often hailed for its innovative blockchain technology and ecosystem, has seen a staggering 37% increase in its trading volume over the past 24 hours. This surge comes on the heels of last week's market crash, indicating a remarkable resurgence in bullish sentiment for the digital asset. At the time of writing, Solana is trading at $154.13, marking a significant 5.34% increase in the last 24 hours alone. However, the real story lies in its performance over…

AltcoinsMay 19

Russian Teens Arrested for ‘Crypto-powered Money Laundering’ – Report

Two Russian teenagers have been arrested in a crackdown on a suspected crypto-powered “money laundering” ring, a police source claimed on May 14. Per the news agency URA, an unnamed “law enforcement agency” member in the Khanty-Mansi Autonomous Okrug said the teenage brothers “attracted other teens” in the region to their scheme. Russian Teens Ran ‘Crypto Exchange’ with ‘Organized Crime Gang’ The source claimed that some of the teens’ parents sent a “statement” to law enforcement agencies in the region in April. The parents reportedly told police officers that “an organized crime group” had “involved their children” in what appears…

LegalMay 19

Core Chain Collaborates with Kiln for Enhanced Network Security

Core Chain, one of the leading Layer-1 blockchains built directly on Bitcoin, has just collaborated with Kiln. It has already established its name through handling staking operations. The partnership is part of the network’s commitment to strengthening security and decentralization. Kiln is an enterprise-grade validator dedicated to flawless staking. 🔶 @Kiln_finance is now a validator on Core Chain This means enhanced security and decentralization of the network, leveraging Kiln’s expertise from managing extensive staking operations.https://t.co/4ZIHKDkdHb pic.twitter.com/N9I0IcTUWW — Core DAO 🔶 (@Coredao_Org) May 16, 2024 Kiln Boosts Bitcoin Security and Programmability on Core Chain Through Bitcoin blockchain, Kiln has safely staked…

BlockchainMay 19

How the Bitcoin Halving Will Affect Miners Big and Small

Almost everyone is eagerly anticipating the Bitcoin halving, it appears, as it's broadly seen as a trigger for a bullish run as the reduction in new token creation leads to a supply crunch that drives up the price of BTC. But at its core, the halving is designed to tap the brakes of the Bitcoin factory by making mining less profitable. This puts Bitcoin miners in the crosshairs amid this once-every-four-year transition. Are they as optimistic as the investors that drive most of the crypto conversation? Decrypt checked in with some of largest public Bitcoin mining firms to gauge how…

BitcoinMay 19

Mysterious 7,000 ETH Move to Robinhood as Ethereum Tops $3,000

In a move that has intrigued the cryptocurrency community, a staggering 7,000 Ethereum (ETH) has been transferred to Robinhood, the popular stock brokerage app, just as Ethereum's value soared past the $3,000 mark. Ethereum, the second-largest cryptocurrency by market capitalization, has steadily risen since recovering from a low of $2,862 on May 15. The rise continued, with Ethereum's price surpassing the psychological barrier of $3,000. At the time of writing, ETH was up 3.14% in the last 24 hours to $3,131, having previously reached intraday highs of $3,148. Crypto data tracker Whale Alert reports that 7,000 ETH worth $21,630,557 was…

EthereumMay 19