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.

Bitcoin has transformed cross-border transactions, IMF study notes

Bitcoin's has been transforming traditional economic paradigms, and this transformation has opened it to both interest and scrutiny. The post Bitcoin has transformed cross-border transactions, IMF study notes appeared first on Crypto Briefing. Bitcoin’s decentralized nature has been transforming traditional economic paradigms, and this transformation has opened the alpha crypto to both institutional interest and exposure to regulatory scrutiny. According to a recently published primer from the International Monetary Fund (IMF), Bitcoin operates in patterns distinct from traditional capital movements, offering an alternative during heightened regulatory and economic shifts. The research used comprehensive on-chain and off-chain data to analyze the…

BitcoinMay 18

Community Reacts to ZeroLend’s Crypto Airdrop: Insights on Token Distribution

ZeroLend has launched a crypto airdrop of ZERO tokens on the Linea ecosystem. The event occurred on May 6 at 7:30 UTC, generating interest among cryptocurrency enthusiasts. ZeroLend’s Crypto Airdrop For users of ZeroLend, the transition to the new airdrop system has been designed to be smooth. Existing Zero Gravity points and early ZERO tokens were automatically converted to ZERO at the launch of the airdrop. Furthermore, users can claim and stake ZERO on Linea, regardless of where the points were originally earned. The airdrop includes 13% of its total dedicated to early ZERO token holders and an additional 5%…

AltcoinsMay 18

Ripple's Top Lawyer Celebrates SEC's Latest Setback

Stuart Alderoty, Ripple's chief legal officer, has celebrated a recent bipartisan vote in the US Senate to kill an anti-crypto SEC rule that could pose a major threat to regulatory custodial services in the US. Alderoty claims that the "unauthorized overreach" of Securities and Exchange Commission Chair Gary Gensler will not be tolerated by both parties. As reported by U.Today, some of the most influential cryptocurrency luminaries, including MicroStrategy co-founder Michael Saylor, have praised the Senate for voting to nullify the SEC's controversial SAB 121 guidance. The rule was supposed to force regulated banking institutions to register the cryptocurrency holdings…

LegalMay 18

Bitcoin pool mines seven blocks in a row, raises security concerns

Antpool, the second-largest Bitcoin (BTC) mining pool, mined seven blocks in a row on May 17, raising security concerns. The seven-block sequence confirmed 20,686 transactions, rendering over 23 BTC, worth around $1.54 million, in revenue. In particular, the event happened between block heights 843,898 and 843,904 and lasted one hour and 38 minutes. According to mempool. space data, Antpool collected 1.283 BTC in fees, plus 21.875 BTC from the block subsidy. Interestingly, Foundry USA, the largest Bitcoin mining pool, mined the previous block of this sequence and the two next blocks. This makes a sequence of 10 blocks mined by…

MiningMay 18

NGD deploys NEXO multi-sig utility tool for Neo N3

Neo Global Development has developed a new multi-signature utility for Neo N3 named NEXO. Multi-signature, commonly referred to as multi-sig, is a digital signature scheme that allows a group of users to manage an account jointly, requiring multiple parties to sign off on transactions before they can be executed. NEXO distinguishes itself from similar tools like Gnosis Safe on Ethereum-based networks by utilizing the inherent protocol-level capabilities of Neo N3. This means that unlike Ethereum-based solutions, which require the deployment of a separate smart contract for each multi-sig arrangement, NEXO operates directly within the Neo protocol, eliminating the need for…

AltcoinsMay 18

South Korean Police Arrest 34 in Swoop on Crypto-powered Drugs Smuggling Ring

South Korean police have arrested 34 people in a raid on a suspected crypto-powered drugs smuggling ring, officers announced on May 16. Per Newsis, police seized 90,000 doses of drugs including methamphetamine (crystal meth), synthetic marijuana, and ketamine. Officers said the ring used Vietnam-based smugglers to hide the drugs in cosmetics products. Gang members then allegedly sent these products to South Korea via international courier services. Crypto-powered Drugs Smuggling Ring ‘Hid Narcotics on Mountain’ Police said they had remanded nine people in custody, including two suspected South Korean ringleaders (both aged 36). Officers added that they had charged 25 other…

LegalMay 18

Revolut brings Floki (FLOKI) to millions of businesses in Europe

Floki (FLOKI) is now live on Revolut Business, a move that could see the cryptocurrency become accessible to millions of businesses across Europe. The Floki team announced that the neobank had listed FLOKI on its Revolut Business on Wednesday. FLOKI listed on Revolut Business With the listing, it’s now easier for businesses to buy FLOKI, putting the meme coin on the cusp of a fresh adoption curve. “The Revolut Business listing makes it easy for businesses across Europe to buy $FLOKI and will accelerate Floki’s vision of becoming the world’s most known and most used cryptocurrency,” the Floki team posted…

ExchangesMay 18

Reveals the Level Where He Expects BTC to Drop

Markus Thielen, a well-known research analyst at cryptocurrency analysis firm 10x Research, recently expressed his concerns regarding the current state of the crypto market. According to Thielen, bearish signals are appearing in the market and are likely to push prices down in the short term. Thielen, who has accurately predicted numerous bull and bear rallies in the crypto market, currently sees no catalysts that could push prices back up. “We no longer have the typical drivers that push prices from $40,000 to $70,000,” he said. He added that the main reason behind this was spot Bitcoin ETFs, which have seen…

BitcoinMay 18

Caldera Teams Up with ApeCoin and Horizen Labs to Unveil ApeChain

Caldera has announced an exciting collaboration with ApeCoin and Horizen Labs, stepping into the spotlight as their selected Rollups-as-a-Service partner for the launch of ApeChain. This partnership is set to enrich the ApeCoin community by integrating them into the Caldera ecosystem and advancing the ApeChain on the cutting-edge Arbitrum Orbit L3 platform. 🎉 Exciting news! @Calderaxyz now supports ApeChain's @apecoin expansion to Arbitrum 🌟 Join the ApeChain testnet live via Caldera and explore the future of Web3 gaming! 🚀 Experience the power of ApeChain on Caldera's robust platform. 🚀 Test it out now: https://t.co/xfbvVqkgld pic.twitter.com/j1ObpXbMka — ApeCoin (@apecoin) May 6,…

AltcoinsMay 18

Aussie Frontman of BitConnect Pleads Guilty

BitConnect’s national promoter in Australia, John Bigatton, pled guilty to his role in promoting the scam after three and a half years of his indictment. He promoted the fraudulent cryptocurrency scheme on social media, hosted seminars across the country, and had face-to-face meetings with victims, persuading them to invest in the scheme. Bigatton pled guilty to a criminal charge of offering unlicensed financial services before the Sydney District Court on 16 May and will receive his sentence on 5 July. He is facing a monetary penalty as well as jail time of up to two years. A $2.4 Billion Crypto…

LegalMay 18