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.

U.S. Senators Question Justice Department's Pursuit of Crypto Mixers

Two U.S. senators sent a letter to the attorney general making an argument that his Department of Justice is making the wrong legal call as it prosecutes crypto mixing services. The letter argues that services such as Tornado Cash aren't money transmitters, and it says that earlier Treasury Department views on transmitters bear this out. A bipartisan pair of U.S. senators is questioning Attorney General Merrick Garland about the "unprecedented interpretation" of law the Department of Justice (DOJ) is using to pursue cryptocurrency software services as unlicensed money-transmitting businesses. Sens. Ron Wyden (D-Ore.) and Cynthia Lummis (R-Wyo.) sent a letter…

LegalMay 15

Binance Thailand Lists Floki Inu (FLOKI), Triggering Investor Optimism

The FLOKI price surged by over 7% post the announcement and reached $0.000205. Floki DAO, has proposed burning 15B tokens to permanently remove them from circulation. Binance has added the FLOKI memecoin to its listing in Thailand. The result is a dramatic increase in the value of the memecoin. FLOKI, which has been steadily growing in popularity in Thailand, went to X to announce the new listing. The FLOKI price surged by over 7% post the announcement and reached $0.000205. However, at the time of writing, it lost most of the gains and is currently trading at $0.0001869, up 0.54%…

ExchangesMay 15

The 2024 Bitcoin Halving Livestream

The Final Countdown to the Bitcoin Halving Has Begun Join Bitcoin Magazine and top voices in the industry as we countdown to block 840,000 and ring in a new era in Bitcoin. The Bitcoin Halving Livestream powered by Kraken will reveal the Top 21 Moments over the past 4 years as voted on by Bitcoin Magazine readers, setting the stage for Bitcoin’s next epoch. [embed]https://www.youtube.com/watch?v=XefZaKQn2PU[/embed] Visit www.bitcoinhalving.com to watch the Bitcoin Halving Livestream and countdown to block 840,000 Speaker Lineup: Barstool CEO Dave Portnoy Strike CEO Jack Mallers Bitcoin Magazine Institutional Lead Dylan LeClair Ten31 Managing Partner Matt Odell Bitcoin…

BitcoinMay 15

Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form

The co-founders of dominant liquid staking protocol Lido, along with the venture capital firm Paradigm, are secretly helping to fund a new company, Symbiotic, that would compete in the fast-growing arena of "restaking," according to people briefed on the matter. Internal company documents obtained by CoinDesk lay out diagrams of how the project would work. The emergence of a restaking player with deep-pocketed backers could portend a face-off that might redefine the DeFi landscape. The co-founders of Lido, the biggest liquid staking protocol on Ethereum, are secretly funding a competitor to EigenLayer, the buzzy "restaking" service that has emerged rapidly…

DeFiMay 15

Will there be a decline or rise after SEC's Ethereum ETF decision? Will the Expected Spark for ETH Come from Grayscale? Here are the...

After the SEC approved spot Bitcoin ETFs in January, all eyes turned to spot Ethereum ETFs. With only nine days left until the SEC deadline to approve or reject spot Ethereum ETFs, the odds of approval are slim. At this point, Bloomberg ETF analyst Eric Balchunas told DL News that he does not expect approval before the end of 2025. He also stated that the majority of investors do not expect the ETFs to be approved. Quinn Thompson, founder of crypto hedge fund Lekker Capital, also told DL News that the chances of Ethereum ETFs being approved are slim to…

EthereumMay 15

Stand With Crypto PAC launches as industry interest in campaign funding ramps up

There’s a new crypto Political Action Committee (PAC) on the scene. Coinbase-initiated nonprofit Stand With Crypto announced it is launching a new PAC Friday. The associated PAC, which means only individual Stand With Crypto members can contribute up to $5,000 each, plans to back “candidates who support the crypto community,” the nonprofit said on X Friday. Stand With Crypto, a 501(c)(4) nonprofit organization, launched last summer as an effort to give crypto fans more access to information about policy makers and candidates, leaders said. “This is a grassroots, organic bottom-up effort,” Kara Calvert, Coinbase’s head of US policy, said in…

LegalMay 15

Bitcoin Price Linked To Binance Vs Coinbase Battle, Quant Reveals

A quant has explained how there appears to be a relationship between Coinbase’s spot volume dominance vs. Binance’s and the Bitcoin price. Bitcoin Has Been Reacting To Binance/Coinbase Volume Changes In a CryptoQuant Quicktake post, an analyst discussed the dynamics in the cryptocurrency market that arise out of the battle happening between Binance and Coinbase for spot volume dominance. As the graph shows, Binance has been the much more dominant of the two platforms when considering the spot volume. The exchange is hosting five times as much volume as Coinbase. The analyst notes that the difference between the two would…

ExchangesMay 15

US Professor Predicts Bitcoin Halving’s Impact on Price

The highly anticipated “halving” of Bitcoin (BTC) is expected to happen soon, and according to experts, its impact will be felt differently by miners and investors. Omid Malekan, an assistant professor at Columbia Business School and author of “Re-Architecting Trust The Curse of History and the Crypto Cure for Money, Markets, and Platforms,” said the halving event is an important event for those who own Bitcoin as a store of value. He explains that it is not a cause for concern. However, the situation is different for miners. “For people who own Bitcoin because they think it is a good…

BitcoinMay 15

You Can Now Invest in a Bitcoin Fund and Earn Yield—In Nordic Countries

Canadian financial tech firm DeFi Technologies announced Tuesday that its subsidiary, Valour, has launched what it calls the first ever yield-bearing Bitcoin exchange-traded product (ETP). The company exclusively tells Decrypt that investors will get exposure to BTC and earn a 5.65% yield—provided those investors are located in its Nordic markets. "We are thrilled to introduce the world's first Yield Bearing Bitcoin ETP, offering investors an unprecedented opportunity to gain exposure to Bitcoin while earning a substantial yield," said Olivier Roussy Newton, CEO of DeFi Technologies, in a press release. "Valour Bitcoin Staking (BTC) ETP embodies our commitment to innovation in…

DeFiMay 15

Breaking down Ethereum rollups - What makes a rollup optimistic vs zero knowledge?

Ethereum, the world’s second-largest blockchain network, persistently grappling with scalability issues due to its popularity and increased network congestion, has had the concept of Layer 2 chains in mind since 2014. As more users and decentralized applications (dApps) were released, transaction costs skyrocketed, and processing times slowed significantly. To address these challenges, developers explored various scaling solutions to optimize Layer 2s, with Ethereum rollups emerging as one of the most promising approaches. What are Ethereum Rollups? An Ethereum rollup is a Layer 2 scaling solution that processes multiple transactions off the main Ethereum blockchain (Layer 1), bundles them into a…

EthereumMay 15