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.

UK Crypto Advisory Firm Shuts Down Over Investor Losses, Accounting Neglect

The UK government’s Insolvency Service has shut down a London-based crypto advisory firm that claimed to offer investment advice in cryptocurrencies. In a London High Court ruling on April 30, Amey Finance Academy Ltd was ordered to close. The company’s sole owner and leader, Desmond Amey (42), who presented himself as a wealth creation specialist, had previously assured customers that their cryptocurrency investments were safe. Despite Amey’s assurances, customers allegedly lost money in their investments, according to a statement on Monday. This lack of positive returns raised red flags. And in July 2022, the Financial Conduct Authority (FCA) stepped in.…

LegalMay 15

Delist Announcement from Bitcoin Exchange Binance! Three Altcoin Trading Pairs Delisted from Spot Transactions!

In order to protect its users and maintain a high-quality trading market, Binance, the world's leading cryptocurrency exchange, announced the removal of selected spot trading pairs due to factors such as low liquidity and trading volume. Binance Announces Removal of Select Spot Trading Pairs Following its final review, Binance has decided to remove and suspend trading on the following spot trading pairs, effective at 06:00 on May 17, 2024: CFX/TUSD, CHESS/BTC and ORDI/TUSD. Despite the delisting of these spot trading pairs, Binance reassures its users that this will not affect the availability of tokens on Binance Spot. Users can continue…

ExchangesMay 15

Is The Bull Market Over Before The Bitcoin Halving? Glassnode Report

Bitcoin’s latest price dip to under $60,000 has raised questions as to whether the asset’s spectacular bull run this year could be ending earlier than expected. Lead Glassnode analyst James Check, however, says bull have very little to worry about. Bitcoin’s Pullback: Dip Or Doom? In a video analysis posted on Friday, Check reviewed various on-chain metrics concerning short-term Bitcoin holders, who first acquired their coins less than five months prior. Firstly, Bitcoin’s short-term holder MVRV ratio is now re-approaching 1.0, meaning its unrealized profit and loss have reached a break-even point. This level can serve as support after a…

BitcoinMay 15

There is Secret Evidence That Ethereum Spot ETFs Will Be Rejected

Financial lawyer Scott Johnsson has expressed concern about the potential rejection of Ethereum Spot ETFs, which will be decided on May 23. Johnsson found evidence that the US Securities and Exchange Commission (SEC) is considering the security issue for Ethereum (ETH) in this upcoming spot ETF decision. “I realize this is already considered a high probability, but this is the SEC's official notification that it is considering the security question for ETH in the upcoming spot ETF order,” Johnsson said. said. Johnsson also noted that this question was never asked regarding the spot/futures Bitcoin (BTC) ETF product. According to the…

EthereumMay 15

Zest Raises $3.5M, Led by Tim Draper, for On-Chain Bitcoin Lending Using Stacks

Zest Protocol uses the Nakamoto upgrade by Bitcoin layer-2 Stacks and bridging asset sBTC. Projects like Zest are attempting to use layer 2 networks such Stacks to bring DeFi features to Bitcoin that are prominent on other chains like Ethereum. Bitcoin lending protocol Zest has raised $3.5 million to enable bitcoin (BTC) holders to deploy their assets in on-chain and generate yield. The seed raise was led by billionaire investor Tim Draper with participation from Binance Labs, Flow Traders, Trust Machines and others, Zest Protocol announced by email on Monday. Zest Protocol uses the Nakamoto upgrade by Bitcoin layer 2…

RegulationMay 15

Injective, Underperforming in Crypto Markets, Now Plans Layer-3 Chain on Arbitrum

Injective, a Cosmos-based blockchain whose INJ token price jumped a stunning 33-fold in 2023, only to tumble this year, is now planning a significant expansion – launching its own layer-3 network in the Ethereum ecosystem, based on the layer-2 project Arbitrum's technology. Injective’s "inEVM," which is compatible with the Ethereum Virtual Machine (EVM) operating system and connects the Ethereum, Cosmos and Solana networks, will rely for its infrastructure on Arbitrum's Orbit toolkit, which allows developers to build customizable chains with Arbitrum’s technology while accessing interoperability between multiple ecosystems. The move could theoretically inject fresh energy into the INJ token, which…

AltcoinsMay 15

Ripple Moves to Seal Key Documents in SEC Court Battle

Ripple Labs Inc. has filed a motion to seal documents related to the remedies phase of its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The motion, submitted on May 13, 2024, seeks to protect sensitive information Ripple argues could harm its competitive standing and business operations if disclosed publicly. James K. Filan, a veteran defense lawyer, reported that Ripple filed a motion to seal the remedies documents before going public. #XRPCommunity #SECGov v. #Ripple #XRP @Ripple has filed a Motion to Seal Certain Documents filed in connection with the @SECGov's Motion for Judgment and Remedies. https://t.co/BCeLaHOnw0…

LegalMay 15

Polygon Backed Game ‘Guild of Guardians’ Launches on Google Play and Apple

Play-to-earn game, Guild of Guardians, is being made available globally on Google Play and the Apple app store, for mobile devices. Guild of Guardians, allows its players to earn $GOG tokens which are ERC-20 tokens that can be used across the Guild of Guardians ecosystem and universe. Play-to-earn games allow players to convert their rewards into cash. In an announcement, Immutable Games said that its flagship title, Guild of Guardians, has over 1 million pre-registered users. The gaming firm is celebrating its mobile release with the launch of a cinematic launch trailer, followed by a behind-the-scenes look at the making…

GameFiMay 15

What You Need to Know Before the Big Change

In a significant shift in its operational strategy, Binance, one of the world’s leading cryptocurrency exchanges, has revealed plans to gradually discontinue support for deposits of BNB Beacon Chain tokens, known as BEP2. This decision aligns with the BNB Chain team’s strategy to sunset the BEP2 network by June 2024. Starting from May 15, 2024, at 00:00 (UTC), the exchange will no longer process deposit requests for any BEP2 tokens, with the exception of Binance-pegged tokens (B-tokens). This change marks a pivotal moment for Binance and its users, indicating a move towards more streamlined and updated blockchain protocols. Users currently…

ExchangesMay 15

El Salvador mines nearly 474 Bitcoin using volcanic geothermal power

El Salvador has mined 473.5 Bitcoin (BTC) over the past three years using the geothermal power of the Tecapa volcano, Reuters reported today. Based on Bitcoin’s current price, this amount has translated into a $29 million increase in value. The nation’s total Bitcoin holdings now reach 5,750 BTC, equivalent to nearly $354 million, according to data from the Bitcoin Office, a government-owned agency. El Salvador’s mining initiative places the country at the forefront of eco-friendly crypto mining, a stark contrast to the energy-intensive methods typically scrutinized for their environmental impact. President Nayib Bukele, a vocal Bitcoin supporter, has been driving…

MiningMay 15