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.

Trust Machines member weights in Bitcoin DeFi

The Bitcoin DeFi ecosystem displayed a stellar growth in 2024, and Mark Hendrickson believes this sector is here to stay. The post ‘Bitcoin has as many functionalities as other blockchains’: Trust Machines member weights in Bitcoin DeFi appeared first on Crypto Briefing. Trust Machines' member Mark Hendrickson discuss how BTCfi will still be a thing after the bull run. ‘Bitcoin has as many functionalities as other blockchains’: Trust Machines member weights in Bitcoin DeFi Bitcoin’s decentralized ecosystem (BTCfi) surpassed $1 billion in 2024 in total value locked (TVL), with a 285% year-to-date growth. This movement was expected by blockchain industry…

BitcoinMay 18

Reddit Co-Founder Highlights Democrats Going Against Party to Support Crypto

A dozen Democrats defied party position to support a pro-crypto motion on Thursday during a joint session between the U.S. Senate and the House of Representatives. The identified democrats who acted against the party’s position include Senate Majority Leader Chuck Schumer (D), Sens. Kirsten Gillibrand (D), Gary Peters (D), Bob Casey (D), Jacky Rosen (D), Jon Tester (D), John Hickenlooper (D), Mark Kelly (D), Cory Booker (D), Ben Ray Luján (D), Ron Wyden (D), and Michael Bennet (D). According to reports, the Senators joined the House of Representatives in repealing a controversial directive from the U.S. Securities and Exchange Commission…

LegalMay 18

Robinhood Boasts $5 Billion One-Day Trading Volume In GameStop Frenzy

The Robinhood stock trading platform saw $5 billion in equities trading volume yesterday, according to the company’s CEO. Vlad Tenev tweeted that it was “one of our biggest days in the past 12 months,” and acknowledged that the app had to be taken offline for two hours to adjust for such high trading volumes. “We’re going to be upgrading some of our systems tonight to make sure we’re prepared for even higher load,” he said late Tuesday. The most recent monthly metrics from Robinhood show $84.7 billion in equity trading volume for the entire month of March, averaging out to…

ExchangesMay 18

Expect The Unexpected – Analyst Sees Unconventional Bull Run Post-Halving

Bitcoin has been moving lower ahead of the Halving event, going against analysts’ expectations. This price action has been unexpected and shows how the coin tends to go against predictions, basically charting its path. Bitcoin Breaking The Mold In light of Bitcoin’s randomness, especially in the past few months following the approval of spot exchange-traded funds (ETFs), one analyst expects the coin to continue defying expectations by clocking in a bull run that defies historical trends. The analyst cites two recent instances where Bitcoin defied expectations to justify this bullish outlook. First, following the rapid expansion in the 2020 to…

BitcoinMay 18

Giant Cryptocurrency Market Maker DWF Labs Dumped This Altcoin to Bybit

DWF Labs, one of the newest and most controversial market maker companies in the cryptocurrency world, dumped an altcoin on the Bybit exchange, according to onchain data. According to the development detected by data provider Spot On Chain, DWF Labs recently moved 10 million Velo (VELO) tokens to Bybit. This amount of Velo corresponds to approximately 205 thousand dollars. Although the amount is small compared to whale transactions, it is notable considering the company's previous transactions and the Velo tokens it still holds. Additionally, Velo is a small-cap altcoin with a market cap of approximately $150 million. According to data,…

AltcoinsMay 18

Crypto Industry Rallies Behind House Bill As it Heads Toward Final Vote

A wide swath of the crypto industry signed a letter to the top lawmakers in the U.S. House of Represenatives, explaining why they should get behind the Financial Innovation and Technology for the 21st Century Act. As House lawmakers are poised for a floor vote next week on the bill, the letter says passage would help the U.S. keep up with global competitors. The U.S. House of Representatives is on the verge of a vote that will represent the closest the cryptocurrency industry has ever been toward finally winning regulation in the U.S., and the sector's associations and top businesses…

LegalMay 18

FTX Gets Backlash Despite Planned Full Repayment Plus Interest

The cryptocurrency exchange FTX went bankrupt in November 2022 after a fraud-fueled collapse, leaving its users unable to access the cryptocurrency they held. FTX announced on May 7 that customers would be repaid their holdings plus interest two years after the initial collapse, but the proposed repayment plan has sparked a backlash among creditors. The FTX repayments might offer some relief. FTX expects the total value of property collected, converted to cash and available for distribution to be between $14.5 billion and $16.3 billion. Around 98% of creditors with claims under $50k will get ~118% of their allowed claims… pic.twitter.com/1ltBvoZ5pt…

ExchangesMay 18

Bitcoin Is Becoming Too Centralized, Says Komodo’s CTO Kadan Stadelmann

The ethos of Bitcoin as a decentralized cryptocurrency is under threat, according to Kadan Stadelmann, the CTO of Komodo, who has voiced concerns to BeInCrypto over the increasing centralization within the network. This shift from its foundational principles could redefine Bitcoin’s role in the financial landscape. One Huge Mining Powerhouse Since its inception by Satoshi Nakamoto in 2009, Bitcoin has been celebrated as a pioneering force for financial autonomy and freedom, free from the control of centralized financial institutions. However, recent developments suggest a departure from this ideal, steering Bitcoin towards what Stadelmann terms a “centralized paradox.” One of the…

BitcoinMay 18

Ethereum and Solana’s Crown on the Rocks? Surprise Altcoin Leads the Daily Transaction Count by a Huge Leap

According to the data shared by the cryptocurrency analysis platform Coin98, Sui (SUI) ranked first with a large difference in the number of daily transactions, leaving behind Ethereum (ETH) and Solana (SOL). Data shows Sui's transaction count today is 40 million, surpassing its closest competitor Solana's transaction count of 27 million. The order of daily transaction numbers is as follows: Sui – 40 million Solana – 27 million Near – 6.6 million Tron – 5.4 million opBNB – 4.6 million Polygon – 3.5 million BNB Chain – 3.1 million Base – 2.5 million Arbitrum – 1.3 million Ethereum – 1.2…

AltcoinsMay 18

SEC Never Loses? Veteran Labels Ripple Case Mixed Verdict

In a notable development, the SEC has appointed a new director of the Chicago Regional Office, the commission’s second-largest regional office. Amid the backdrop of this appointment, the ongoing discourse around cryptocurrency regulation has been reignited. Crypto enthusiasts quickly questioned the new director's stance on crypto, hinting at the pervasive uncertainty within the industry about regulatory attitudes. However, Marc Fagel, a former SEC worker and specialist in security law enforcement, clarified that personal stances on crypto are irrelevant in such regulatory roles. According to Fagel, the primary focus for individuals in these positions is the enforcement of federal securities laws,…

LegalMay 18