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Author: 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.

Tornado Cash Developer Alexey Pertsev Found Guilty of Money Laundering

Tornado Cash developer Alexey Pertsev has been found guilty of money laundering by a Dutch judge ruled at s-Hertogenbosch court on Tuesday. An indictment shared ahead of the trial said that between July 9, 2019 and Aug. 10, 2022, Pertsev made "a habit of committing money laundering" and that he should have at least suspected the criminal origins of illicit transactions on the Tornado Cash platform. The developer was first jailed in the Netherlands in August 2022 after Tornado Cash was blacklisted by the U.S government. At the time, the U.S. Treasury had alleged that Tornado Cash was a key…

Legal

Runes Protocol Launches on Bitcoin, Sending Fees Soaring as Users Rush to Mint Tokens

Despite this being the most anticipated Bitcoin halving yet (at least according to Google search history), it was the launch of the high-profile Bitcoin builder Casey Rodamor’s latest creation – Runes – that turned heads, even among long-time blockchain developers who despise the digital tokens that can be minted on the platform. Rodamor is known for the release of Ordinals, a protocol that allows people to “inscribe” data on the smallest units of bitcoin (i.e. satoshis) to create highly valued assets on Bitcoin. Ordinals is largely credited for inspiring a renewed developer ecosystem on Bitcoin. Runes is similar to Ordinals,…

Bitcoin

Ethereum Price Anticipates Upside Break To Shift Sentiment Towards Bullish

Ethereum price is eyeing an upside break above the $2,900 level. ETH must settle above $2,900 and $2,940 to continue higher in the near term. Ethereum is forming a base above the $2,860 support zone. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,905 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $2,940 and $2,950 resistance levels. Ethereum Price Eyes Fresh Increase Ethereum price struggled to settle above the…

Ethereum

GameStop Trading Paused Nine Times as Roaring Kitty Return Drives Meme Rally

Meme coins and tokens surged early Monday after an internet figure who inspired the 2021 GameStop rally posted for the first time in years. Keith Gill, aka Roaring Kitty or DeepFuckingValue, who helped fuel the 2021 rally via Reddit posts and livestreams, posted to Twitter (aka X) an image of a man leaning forward in a chair while holding a video game controller. It was his first tweet in nearly three years. The post hints that meme stocks and cryptocurrencies may be due for a rally again—or at least that's how traders are taking it. The price of GameStop (GME)…

Regulation

New era of Blockchain innovation HTX partners with Astar Network

HTX, the industry’s top asset exchange, has partnered with Astar Network on the recently established TGE Catalyst Grant. Astar Network is a blockchain that aims to become Polkadot’s smart contract hub. According to industry sources, the Astar Network will serve as an efficient parachain for Polkadot. It marks a critical milestone in the ambitious path to promote innovation within the blockchain system. The Astar zkEVM platform is critical to driving technological innovation inside the blockchain ecosystem. The TGE Catalyst Grant will act as a catalyst for change in projects preparing for TGE (Token Generation Events) on Astar’s zkEVM. This program…

Altcoins

Ripple CLO Compares SEC to Kafka's 'The Trial' as XRP Case Saga Continues

In the ongoing legal saga between Ripple and the SEC, the crypto company's chief legal officer, Stuart Alderoty, drew a striking parallel between the regulator's handling of the case and Franz Kafka's renowned novel, "The Trial." The defendant in Kafka’s “The Trial” was treated more fairly than Ripple was by the SEC during the investigation and Wells Notice process. — Stuart Alderoty (@s_alderoty) May 14, 2024 Alderoty's comparison underscores Ripple's contention that it has been unfairly treated by the regulatory body throughout the investigation and Wells Notice process. Some argue that this case is emblematic of a broader trend, with…

Legal

After Halving Event, Bitcoin Transaction Fees Soar to Over $240

Upon reaching block height 840,000, when the mining pool Viabtc collected 37.626 bitcoin in fees worth $2.39 million, the expense for onchain transfers climbed, surpassing $240 per transaction. Block 840,003 recorded 16.06 bitcoins in fee payments, and block 840,004 accumulated 24 bitcoins in fees valued at over $1.5 million. Bitcoin Transaction Fees Skyrocket Above $240 Following Halving Bitcoin fees soared to more than 2,750 satoshis per virtual byte (sat/vB) or over $240 per transfer on Friday, April 19, 2024, in the aftermath of the halving. Currently, fees have decreased to 1,700 sat/vB or more than $150 per transfer on the…

Bitcoin

Solana Memes, GameStop Stock Jumps 44% in Premarket as 'Roaring Kitty' Returns on X

A single post by @TheRoaringKitty, the X profile of retail trader Keith Gill, led to rallies in meme coins and GameStop stock (NYSE: GME). Users interpreted the post as a sign to focus on certain stocks. Gill’s cult following contributed to the GameStop short squeeze of January 2021. GME rose over 44% in GME pre-market trading, while AMC Entertainment Holdings jumped as much as 12% A single picture on Monday sparked rallies across some cat-themed meme coins and Gamestop stock (NYSE: GME) as market cults heralded the apparent return of TheRoaringKitty, the X profile of retail trader Keith Gill, who…

Regulation

Shiba Inu Insider Drops Major Shiba Eternity Update; What's New?

The Shiba Inu community is buzzing with anticipation following a recent update by a key team member regarding Shiba Eternity. In a tweet, Shiba Inu team member Lucie teased what to expect from Shiba Eternity, the Shiba Inu collectible card game. "Shiba Eternity Play-to-Earn (P2E) game is coming to Shibarium," Lucie said. Users can earn TREAT tokens for playing the game, and each transaction will use BONE and burn a little SHIB. While the excitement continues, Lucie cautions the community that this initiative has not yet been launched. 1. Shiba Eternity Play-to-Earn game is coming to #Shibarium. 2. You can…

Altcoins

What legislation is making its way forward? 

As the 2024 election looms, crypto-focused legislation is starting to make its way through the US House. But roadblocks in the Senate still loom. House members last week approved joint resolution 109 — which would invalidate the Securities and Exchange Commission’s Staff Accounting Bulletin (SAB) 121 — in a 228-182 vote. It’s the first time a crypto bill has made it to and passed the House in a floor vote. The resolution now moves on to the Senate, where the Democrat majority makes it unlikely to pass, although there were 21 Democrats who voted against their party and in favor…

Legal