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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.

5 important facts about the Bitcoin halving

From the prospects of BTC hitting $100,000 in 2024 — to search interest for the “Bitcoin halving” — here’s a rel>Bitcoin is lumbering up for its fourth halving — and no two events are the same. The markets are unrecognizable from where they were even four years ago. Here are five fascinating facts about the 2024 halving. You might also like: The winners and losers from Bitcoin’s halving 1. There isn’t much Bitcoin left Bitcoin has been structured, so most of its total supply is already in circulation. After the halving, there will be a mere 1.3 million BTC left…

Bitcoin

BitMex Founder Hayes Invests Heavily in Pendle Amid Bullish Sentiments on Derivative DEXs

BitMEX founder Arthur Hayes increases his Pendle holdings through Wintermute trades, signaling confidence in the token’s future. Arthur Hayes, the founder of BitMEX, has been actively increasing his holdings of Pendle, an ERC-20 token associated with the decentralized finance (DeFi) protocol of the same name. According to recent updates from Colin Wu of Wu Blockchain, Hayes has acquired a considerable amount of Pendle through transactions with Wintermute. This development points towards Hayes’ strategy of investing in assets likely to benefit from a shift in retail derivatives trading from centralized to decentralized exchanges (DEX). BitMEX founder Arthur Hayes purchased 500k USDC…

Altcoins

U.S. Senate Votes to Kill SEC's Crypto Accounting Policy, Testing Biden's Veto Threat

The U.S. Senate joined the House of Representatives on Thursday in seeking to erase the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121, though President Joe Biden has vowed to veto the resolution. The Senate voted 60-38 on the effort to overturn the policy, commonly referred to as SAB 121, though the crypto industry may not breathe a sigh of relief over the initiative's banking constraints, because Biden said that letting the rule be removed this way would disrupt "work to protect investors in crypto-asset markets and to safeguard the broader financial system."…

Legal

FIU steps up AML and CFT compliance for crypto exchanges in India

Indian authorities are actively working to bring all cryptocurrency exchanges operating in India under stringent Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) guidelines to enhance compliance and oversight in the burgeoning digital asset market. The Indian government’s Financial Intelligence Unit (FIU) has recently granted Binance and KuCoin, two major offshore cryptocurrency exchanges, the status of Virtual Asset Service Providers (VASPs) in India. The latest move comes as part of a broader effort to ensure compliance within the virtual asset sector under the Prevention of Money Laundering Act (PMLA). KuCoin has resolved previous non-compliances with a penalty payment of…

Exchanges

PwC China, Xalts to promote tokenization, programmable assets in finance

The Chinese arm of professional services company PricewaterhouseCoopers (PwC) has announced a new partnership with technology firm Xalts to explore tokenization and the concept of programmable assets. According to a joint statement, the partnership will see PwC lean on Xalts’ expertise in an attempt to launch its asset management solution. PwC’s in-house technology team will be able to create a bespoke solution to connect off-chain systems with blockchain technology-based solutions using no-code workflows and an extensive smart contract library. “As the velocity of money accelerates with real-time payments and stablecoins and CBDCs, the biggest challenges to wholesale adoption will be…

Blockchain

How Will Traders Handle Volatility Ahead of Bitcoin Halving? Analysts Are Split

The notorious volatility of Bitcoin’s price is ramping up approaching the eve of the next Bitcoin halving, making it increasingly difficult to predict where things will land after the event. That doesn’t stop anyone from trying. Expert predictions of post-halving BTC price movements differ depending on the lens used to examine the market. On-chain analysts, for example, are directionally bullish, while technical analysts are much more cautious. “It’s hard to tell, but certainly the sell pressure from traders has been diminishing as they have basically taken all profit,” Julio Moreno, Head of Research at CryptoQuant, told Decrypt. According to the…

Bitcoin

DAI drives Ethereum stablecoin volume to record highs in April

In the last few months, there has been a noticeable boost in the number of stablecoin transactions on the Ethereum blockchain compared to other months. This surge was most noticeable in April when it broke its all-time activity record. Flash loans, typically excluded from financial data, contributed significantly to the transaction surge. Despite filtered stablecoin volume falling marginally below March’s level, FDUSD had its best month on record despite the absence of flash loan activity, which contributed to a respectable month for stablecoin volume. April’s outstanding performance has pushed DAI, a stablecoin, into the spotlight. Based on the data from…

Altcoins

Turkish Government Announces Another New Statement on Country’s Cryptocurrency Law

AK Party Deputy Chairman and Head of Information and Communication Technologies Ömer İleri made new statements about the new cryptocurrency law. Forward shared his post in order to clear up some of the confusion discussed in the public about the law. Regarding TÜBİTAK's role in altcoin listings on cryptocurrency exchanges, İleri said the following: “In principle, an approach has been adopted not to interfere with the crypto assets to be listed on the platforms. However, in order for the listings not to be random, platforms will be required to create a written procedure for determining the crypto assets to be…

Legal

Alchemy Pay Partners with UniSat Wallet to Enable Bitcoin Purchases

In a significant move aimed at enhancing accessibility to the Bitcoin ecosystem, Alchemy Pay has teamed up with UniSat Wallet. UniSat is a blockchain service provider known for its support in inscribing and trading Ordinals/BRC20 on the Bitcoin network. .#AlchemyPay's On-Ramp solution is now live on @unisat_wallet for easy Bitcoin purchase. Featuring a range of fiat payment options, this integration expands accessibility for a wider user base to join and engage with the general #Bitcoin ecosystem.https://t.co/krVVO6f2s6$ACH pic.twitter.com/YgxSVQJ1Y1 — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) May 15, 2024 Alchemy Pay Integration with UniSat Wallet to Enhance Accessibility The collaboration introduces the…

Exchanges

Solana and Sui Lead Fastest Blockchain Race with Record Transaction Speeds

In the dynamic world of blockchain technology, transaction speeds have become a pivotal metric for measuring platform performance. CoinGecko’s latest report reveals a notable surge in transaction speeds across leading blockchain platforms, driven by a wave of on-chain activity and the rising popularity of meme coins. Solana Leads the Pack Solana has emerged as the fastest blockchain among large blockchains, achieving a record high of 1,504 transactions per second (TPS) on April 6, 2024. This places Solana 46 times faster than Ethereum and over 5 times faster than Polygon, the leading Ethereum scaling solution. Despite this, Solana has only realized…

Blockchain