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 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

600 Billion Dollar Move from Bitcoin Exchange Coinbase!

Coinbase, the largest cryptocurrency exchange in the USA, is planning to expand to Australia. At this point, Coinbase plans to provide services targeting Australia's $600 billion retirement industry. Speaking to Bloomberg, Coinbase Asia-Pacific General Manager John O'Loghlen stated that the $600 billion pension sector's demand for Bitcoin and cryptocurrencies is rapidly increasing. Stating that, as Coinbase, they are not indifferent to this increasing demand, O'Loghlen said that the service is under development. Referring to the latest data from the Australian Taxation Office, O'Loghlen said that self-managed superannuation funds in Australia have increasingly held cryptocurrencies since March 2019, and that according…

ExchangesMay 18

Bitcoin Price Still At Risk of Major Downside Break Below $60K

Bitcoin price is showing bearish signs below the $63,000 resistance zone. BTC must stay above the $60,000 support zone to avoid a major decline. Bitcoin is still struggling to start a recovery wave above the $63,000 resistance zone. The price is trading below $62,800 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $62,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bearish momentum if it settles below the $60,000 support zone. Bitcoin Price Struggle Continues Bitcoin price started another increase…

BitcoinMay 18

Bitcoin Cash Prepares Adaptive Blocksize Limit Upgrade, Commits to Network Scaling

Bitcoin Cash, the usability-focused Bitcoin hard fork, is preparing to perform a blockchain-wide upgrade slated to happen on May 15th. The upgrade implements the adaptive blocksize limit algorithm, allowing the network to adapt to future increases in demand without having direct input from actors, avoiding the opportunity for social attacks. Bitcoin Cash to Include Adaptative Blocksize Limit Algorithm in May 15th Upgrade Bitcoin Cash, a usability-focused top 15 cryptocurrency, is preparing to include significant changes to its structure with a network-wide upgrade slated for May 15. After adding Ethereum-like smart contracts last year, this upgrade, nicknamed “Jessica,” seeks to prepare…

AltcoinsMay 18

Ex Federal Reserve Discusses Ripple and XRP Role in US Public Policy

A former Federal Reserve official calls attention to the role Ripple and XRP play in shaping the crypto public policy scene in the United States. Gregg Kidd, a former Senior Analyst at the Federal Reserve Board for payments, discussed this while speaking at the just-concluded XRP Las Vegas 2024 conference. Kidd, who also served as an early Ripple employee, commended the firm for how far they have come. Kidd Discusses His Switch to Ripple In his remarks, the Nevada congress candidate emphasized that he first heard about Ripple while working at the Federal Reserve, noting that the San Francisco-based payments…

LegalMay 18

Crypto.com introduces instant card top-ups for the US Fiat Wallet

Crypto.com, a global cryptocurrency exchange, has announced that users can now fund their Fiat Wallet using a US bank-issued debit card. This marks a first in the US crypto market, providing users with a more convenient and rapid way to trade cryptocurrencies. Buying crypto with a debit card With the new feature, users can now transfer funds from their debit cards anytime, anywhere, and instantly, allowing for quicker and more efficient trading. 🇺🇸 Hello, America! 🎉 We’re rolling out a new feature to our U.S. users: Instant card top-ups to your https://t.co/vCNztATSCO App Fiat Wallet 1️⃣ Deposit USD using a…

ExchangesMay 18

Peter Schiff: Bitcoin Fad Is Over

Gold bug Peter Schiff has taken to the X social media network to proclaim that the "Bitcoin fad" is now over after the top cryptocurrency by market capitalization recorded yet another drop below the make-it-or-break-it $60,000 level. He has added that "Bitcoin pumpers" are not out of excuses after the top cryptocurrency by market capitalization suddenly plunged another 6%. "All week Bitcoin pumpers made excuses for Bitcoin's selloff on Sat. They claimed that since all other markets were closed, Bitcoin was the only asset anyone could sell. Well, all the markets are trading now and Bitcoin is getting killed again.…

BitcoinMay 18

9% Surge Recaptures Key Level, Records 160% TVL Growth In Q1

Decentralized application (dApp) platform Near Protocol exhibited notable growth in key metrics during the first quarter (Q1) of 2024, driving its native token NEAR to reclaim a crucial key level and paving the way for a potential retest of its all-time high (ATH) from January 2022. According to a recent report by Messari, NEAR experienced significant increases in market capitalization, revenue, active addresses, and Total Value Locked (TVL), solidifying its position among the top players in the cryptocurrency market. NEAR Outperforms Bitcoin And Ethereum In Q1 2024, NEAR’s circulating market cap surged to $7.2 billion, marking a 94% quarter-on-quarter (QoQ)…

AltcoinsMay 18