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.

Are Foreign Cryptocurrency Exchanges Banned in Turkey? Should Investors Withdraw Their Money?

After the AK Party announced the cryptocurrency bill, investors who kept their investments in global stock exchanges felt uneasy with the statement that “foreign stock exchanges are being banned.” So are foreign exchanges really banned? Should investors holding crypto assets on foreign exchanges withdraw their money? According to the proposal announced by AK Party Group Chairman Abdullah Güler, a licensing system is being introduced for crypto asset exchanges in our country, as in the USA and many European countries. Foreign exchanges that operate abroad and have not yet established a company in Turkey will be able to operate in our…

ExchangesMay 17

Bitcoin Primed To Skyrocket by up to 219%, Predicts Hedge Fund Veteran Anthony Scaramucci – Here’s the Timeline

SkyBridge Capital founder Anthony Scaramucci says Bitcoin (BTC) is on track to soar more than 200% within 12 months. In a new interview on CNBC Squawk Box, the hedge fund veteran says that the expected continual adoption of Bitcoin will keep driving the value higher and reduce price volatility. “I wish I could understand the price moves myself. Where I’m coming from is a little bit of longer-term as opposed to just the week-to-week or day-to-day price movements. I think the point I’m trying to make is that Bitcoin is on that adoption curve. If you go back to Web…

BitcoinMay 17

Velar and Bitlayer Partner to Launch World’s First Bitcoin-Based PerpDex

In a groundbreaking development for decentralized finance (DeFi) on the Bitcoin blockchain, Velar, a leading Bitcoin DeFi innovator, has announced a strategic partnership with Bitlayer. Together, they are launching Velar Artha, the world’s first Perpetual Decentralized Exchange (PerpDex) on Bitlayer’s EVM-compatible Bitcoin Layer 2. This pioneering PerpDex will enable the trading of a variety of assets through perpetual contracts directly on the Bitcoin blockchain, bringing unprecedented opportunities for traders. The new platform ensures the highest levels of security and full decentralization for all transactions, leveraging Bitcoin’s robust infrastructure. A New Era for Bitcoin DeFi The partnership marks Velar’s first venture…

DeFiMay 17

Solana NFT first-time wallets rose 30%, boosting market optimism

The previous week, wallets using Solana non-fungible tokens saw a price surge. This increase in activity is a tangible reflection of the huge popularity and growing participation in the Solana NFT system. Solana is one of the top-notch non-fungible token platforms, followed by Bitcoin and Ethereum. The Solana nonfungible token has eventually become a stupendous hit among first-time users. Top NFT collections drive the price in Solana NFT collections, with an appreciation rate of 4% punctuating this. Solana’s non-fungible token volumes have increased slightly, positioning them as market leaders in NFT collections. On May 15, however, their price tag increased…

NFTMay 17

Persistent Discount Plagues Grayscale’s Ethereum Trust as ETF Decision Nears

As May approaches its end, a significant number of market watchers are keen to find out whether the U.S. Securities and Exchange Commission (SEC) will approve a spot ethereum exchange-traded fund (ETF). Although Grayscale retracted its plan to convert its Ethereum Trust into a publicly traded ETF, the fund’s discount to net asset value (NAV) currently sits at a 23.78% discount. Grayscale Ethereum Trust Continues to Trade at Steep Discount When Grayscale transitioned its Bitcoin Trust (GBTC) from an over-the-counter (OTC) traded entity to a publicly traded ETF, the discount on NAV reduced and stabilized after previously dropping to 40%…

EthereumMay 17

Ripple Makes Investment In Morgan State University

Baltimore-based Morgan State University has received a $1.05 million grant from Ripple, according to a Tuesday announcement. The investment will further contribute to the development of the university's National FinTech Center. The center has emerged as a hub for blockchain research, allowing students to develop their skills in such areas as digital assets, blockchain, payment systems, and so on. The latest investment from Ripple will make it possible for MSU to be "at the forefront" of the ongoing "fintech revolution," according to Ali Emdad, the center's founding director. Ripple initially forged a partnership with MSU back in February 2019, promising…

RegulationMay 17

User Discloses Profit by Holding Shiba Inu Rather than Cash in Bank

Data shows the most resilient Shiba Inu holders command an astonishing ROI of 1,865,428% today compared to risk-averse savings account holders. Shiba Inu remains a widely followed cryptocurrency, with its holders numbering in the millions—surpassing the population of over 105 cities in the United States separately. SHIB gained prominence amid its meme-inspired origin, generating significant profits for hold. However, during market downturns, meme cryptocurrencies such as Shiba Inu tend to experience sharper declines than other crypto asset classes. For instance, the seventh largest crypto XRP crashed 10% from $0.53 to $0.48 between April 21 and May 1. During the same…

AltcoinsMay 17

PancakeSwap to reimburse interface fees for Uniswap users

PancakeSwap has initiated a campaign to reimburse traders for interface fees incurred by its competitor Uniswap from May 16 to Aug. 15. The initiative promises refunds for traders who match trading volume on Uniswap v3 with PancakeSwap v3 on a 1:1 basis. The reimbursement offer follows Uniswap Labs’ decision to increase its interface fee from 0.15% to 0.25% on most swaps in April. The interface fees are applied when traders use Uniswap’s wallet interface and web app to execute token swaps. Get Your Uniswap Interface Fees Refunded on PancakeSwap, up to $8M! Match your Ethereum Uniswap volume 1:1 on Ethereum…

ExchangesMay 17

Binance Ex-CEO Shares Hot Take on Bitcoin Halving

Founder of the largest cryptocurrency exchange and its former chief executive who had to step down recently, Changpeng Zhao (also widely known as CZ), has posted on the Twitter/X social media platform to answer an important question about the approaching Bitcoin halving. This fundamental for any crypto user event is to take place later this week. The much-anticipated halving will reduce the block award once again, adding more scarcity to the global flagship cryptocurrency. CZ issues important Bitcoin halving post Changpeng Zhao quoted his earlier tweet published in October last year, in which he said that a page on Bitcoin…

BitcoinMay 17

The Ethereum Staking Opportunity

Ethereum is the largest proof-of-stake network by market cap. Currently, 32.5 million ($99 billion) ETH has been staked, and the amount of staked ETH has grown by 78% since Ethereum’s Shanghai Upgrade in April 2023. Despite the impressive growth, only 27% of the ETH in circulation has been staked. Comparatively, other proof-of-stake networks such as Solana, Cardano, SUI, Avalanche and Aptos have a much higher staking ratio, between 48%-81%. In other words, staking on Ethereum can grow larger, potentially fueled by the adoption of Liquid Staking or Liquid Restaking Tokens on Layer 2 networks and DeFi protocols. You're reading Crypto…

EthereumMay 17