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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.

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…

Legal

KuCoin Halts Naira-Based Peer-to-Peer Trading, Citing Compliance

KuCoin has made the decision to suspend all naira-based peer-to-peer (P2P) trading in response to increased scrutiny from Nigeria’s regulatory authorities. The move comes three weeks after the country’s Securities and Exchange Commission (SEC) met with industry players and urged them to cease P2P trading activities. In a Wednesday blog post, KuCoin notified its users of the temporary suspension of P2P naira services and Fast Buy service via Naira card, stating that it is part of their ongoing efforts to enhance their services. The exchange’s decision to halt P2P trading is likely an attempt to avoid running afoul of the…

Exchanges

These Asian nations in focus after Hong Kong approves spot Bitcoin ETFs

Ever since the United States approved Bitcoin Exchange-Traded Funds (ETFs) earlier this year, the focus has shifted to Asia, with investors eagerly anticipating which nation will follow suit. Hong Kong has already made headlines by approving spot Bitcoin and Ether ETFs on April 15, setting a precedent for other Asian markets. Taiwan’s progressive crypto stance under new leadership Taiwan is gearing up for a significant shift under its incoming president, Lai Ching-te, who is set to take office next month. Known for his support of AI and blockchain technologies, Lai’s administration has laid the groundwork for enhanced cryptocurrency legislation. Currently,…

Bitcoin

YakDAO Collaborates with Floki to Lock $YAKS Tokens via FlokiFi Locker

YakDAO, a popular decentralized autonomous organization, has recently started a new partnership. The platform is reportedly collaborating with Floki Inu, the community that developed the meme token FLOKI, to leverage its FlokiFi Locker for locking $YAKS tokens. This move strengthens Floki’s Locker’s position in the wallet industry. Floki disclosed the respective partnership on its official X account. With a substantial lock of $2.23M+, YakDAO joins the ranks of projects leveraging #Floki's revolutionary token locker, #FlokiFi Locker! 🔒 The total locked value on @FlokiFi Locker has now soared to over $138 million, showcasing the widespread adoption of our DeFi locker… https://t.co/eFTuolRzU2…

Altcoins

Binance Exec Tigran Gambaryan Denied Bail by Nigerian Court

Tigran Gambaryan’s bail was refused by a Nigerian court on Friday. Nigeria has taken Binance and its executives to court and is pursuing tax evasion and money laundering charges. Detained Binance executive Tigran Gambaryan’s bail application was denied by a Nigerian court on the grounds that there is a likelihood that he will manage to jump bail, the spokesperson for the executive’s family said on Friday. Binance and the executives’ money laundering, tax evasion and the exchanges detained Head of Compliance Tigran Gambaryans bail hearings all occurred on Friday in Nigeria. The court ruled that Binance can be served with…

Legal

Trade and grow your crypto!

Poloniex, a global platform for trading digital assets, has announced its plan to include EGLD, the primary token of MultiversX, in its list of available cryptocurrencies. This inclusion will be the gateway to numerous new users who will be able to join and be active in the EGLD ecosystem. The trading of EGLD against USDT is expected to begin on May 15 at 13:00 UTC, which will enable investors to have more options and increase the accessibility of this promising token. The EGLD on Poloniex’s platform is of great importance for both Poloniex and the MultiversX community. This supplement will…

Exchanges

This Bitcoin Halving Is Different. But Is It 'Priced In'?

This year’s halving — the quadrennial slashing of the amount of new bitcoin (BTC) entering into circulation — may be the most important since the first one around 12 years ago. And yet, despite intense interest in the event, its price impact may be more muted this year than previous halvings. Recently launched protocols, like Ordinals, and an increasingly robust mining sector, mean the effect could be relatively soft. This article is part of CoinDesk’s “Future of Bitcoin” package. The Bitcoin halving, expected to take place late Friday night or early Saturday (April 20), comes with heightened expectations. In each…

Bitcoin

Country meme coins rally up to 74,000% ahead of Paris Olympics

A new niche spawned among meme coin traders recently: country coins. In anticipation of the Olympic Games set to happen in Paris in July, investors are betting that the event will boost the prices of different tokens with the names of countries. A dashboard created by the X user identified as The Nouner is tracking 47 different country coins, which registered a trading volume of almost $18 million in the last 24 hours, and have a shared total market cap of nearly $110 million. American Coin (USA) is close to $83 million valuation, which is the largest market cap of…

Altcoins

What happens if Biden vetoes Senate bid to cancel SEC’s crypto rule?

Yesterday, the US Senate voted in favor of H.J.Res. 109, a bill aiming to repeal Staff Accounting Bulletin No. 121 (SAB 121) issued by the US Securities and Exchange Commission (SEC). This development is seen as potentially beneficial for the crypto industry’s future growth. However, the bill now faces a veto threat from President Biden. What happens if President Biden vetoes the bill? The good thing is that the bill could still become law without the President’s signature. Should Biden choose not to sign H.J.Res. 109, it will be returned to Congress along with his reasons for disapproval. Congress then…

Legal

Crypto.com Launches Instant Card Top-Ups for US Fiat Wallet

In a groundbreaking move set to revolutionize the US crypto market, Crypto.com has introduced instant card top-ups for its Fiat Wallet. This eagerly anticipated feature empowers users to seamlessly fund their Fiat Wallet using US bank-issued debit cards, marking a significant milestone in the accessibility and convenience of cryptocurrency trading. The announcement comes as a boon for crypto enthusiasts and traders, addressing a longstanding need for swift and hassle-free funding options. With instant card top-ups, users can now transfer funds from their debit cards anytime, anywhere, unlocking a new level of efficiency and flexibility in their crypto transactions. Gone are…

Exchanges