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.

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

Tether Announces P2P Financial Markets Terminal Using Holepunch Technology

Tether, the issuer of the USDT stablecoin, plans to develop a peer-to-peer financial markets terminal leveraging Holepunch technology. CEO Paolo Ardoino announced on X that Tether will invest substantial resources into this initiative. Tether Plans P2P Financial Markets Terminal According to Ardoino, the company would aim to replicate USDT’s success within financial markets by eliminating monopolistic intermediaries. “Any exchange in the world would maximise the revenues from its own data, while keeping direct control of its usage. Financial markets would be much more resilient as a result of this change, and the world would likely be a better place,” Ardoino…

RegulationMay 19

South Korean Police Officers on Trial in ‘Crypto Fraud Bribes’ Case

Two South Korean police officers are standing trial over alleged bribery in an increasingly high-profile crypto fraud case. The newspaper Namdo Ilbo reported that on May 14, the Gwangju District Court’s Criminal Division began the trial of a 59-year-old superintendent police officer. The officer is named in reports as “A” for legal reasons. The court is also trying a 57-year-old police lieutenant (“B”) from the same station. Crypto Fraud Case: South Korean Police Officers Implicated The case centers around an alleged crypto fraudster surnamed Tak. The latter is accused of orchestrating an art-themed altcoin scam. Police think Tak duped several…

LegalMay 19

What is zero knowledge proof and how does it protect your data?

What is zero knowledge proof, and how does it ensure privacy online? Learn what it is and why it’s important. Imagine you hold a secret, and someone wants to verify that you know it, but you don’t want to reveal what the secret actually is. How is that possible? Enter zero-knowledge proofs (ZKP), a cryptographic concept that allows exactly that. Zero-knowledge proofs, despite their complex-sounding name, offer a simple yet powerful idea: proving knowledge of something without disclosing the specifics. Introduced in the 1980s, zero-knowledge proofs have since become a cornerstone of modern cryptography, offering a path to secure and…

BlockchainMay 19

Halving pumps Bitcoin layer 2 higher than any Ethereum L2

In the rush to capitalize on the most anticipated Bitcoin halving in history, traders are depositing billions of dollars onto speculative, pre-launch layer 2s. Indeed, one non-operational Bitcoin layer 2 that is so new that it’s not even listed on popular blockchain trackers like DeFiLlama, now has more total value locked (TVL) than Ethereum’s Optimism, Arbitrum, Base, or Blast. A layer 2 is a separate blockchain related to a conventional blockchain. Usually, a second layer is also called a ‘scaling’ or ‘roll-up’ layer because it increases transaction throughput and trust — scaling adoption — while reducing fees and decentralization. Ethereum…

BitcoinMay 19

Mid-May NFT Sales Drop by 8.97%, Top 4 Chains See Reductions

Between May 10 and May 17, non-fungible token (NFT) sales totaled $150.56 million, marking an 8.97% decline from the previous week’s figures. NFT sales have consistently decreased on a weekly basis, as four out of the top five blockchains by sales volume experienced reductions during this period. NFT Market Sees Consistent Decline In February, from Feb. 17 to Feb. 24, NFT sales reached $306 million. Although cryptocurrency prices climbed in March, NFT sales experienced a decline, with April figures equally underwhelming. May follows this trend, as last week’s digital collectible sales dropped by 13%, and this week saw a further…

NFTMay 19