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.

Financial Advisor Explains Lessons to Learn

In an extraordinary display of market volatility, the cryptocurrency market saw a staggering $5.55 billion in long and short positions liquidated this April. This was primarily triggered by the mounting speculation around the Bitcoin halving event. This tumultuous period serves as a fertile ground for crucial insights and strategic adaptations in investment practices. Volatility Strikes Pre-Bitcoin Halving Rossmarie Davila, a seasoned crypto financial advisor, gave BeInCrypto insights into the best practices for navigating these turbulent times. When constructing an investment portfolio, she suggests having a clear objective for each asset on a short and long-term basis. Davila highlights the importance…

BitcoinMay 15

Insights from CME Group's Payal Shah

Payal Shah from CME Group highlights the significant role European investors play in the global cryptocurrency landscape. Europe, comprising Central, Northern, and Western regions, now stands as the world’s second-largest crypto economy, trailing only North America. Payal Shah is a key figure at CME Group where she serves as the Director of Equity and Cryptocurrency Product Development. She is deeply involved in leading the creation of innovative products across various markets, including crypto, equity, and alternative investments. In a recent opinion piece published in The Wall Stree Journal (WSJ), Shah points out that from July 2022 to June 2023, Europe…

RegulationMay 15

FTX Claimants Will Get Their Solana NFTs Back—But FTT Holders Get Nothing

FTX’s bankruptcy estate announced Tuesday that creditors and customers are likely to receive between $14.5 billion to $16.3 billion in total compensation—but that doesn’t include payouts for holders of FTX’s ill-fated FTT token. Once regarded as the defunct exchange’s native token on Ethereum, allowed claims regarding FTT are to be “canceled or released,” a plan filed in Delaware bankruptcy court states. Conversely, those with NFTs currently trapped in the FTX NFT platform due to the company’s collapse are set to receive the assets back. Around 98% of FTX creditors with allowed claims less than $50,000 will also receive 118% of…

AltcoinsMay 15

US Crypto Hostility Goes Beyond Biden, Gensler

In recent months, anger at the U.S. government’s increasing hostility to crypto has—perhaps unsurprisingly—taken on a partisan flavor, with many industry leaders laying blame at the feet of individual Democrats, including President Biden, Senator Elizabeth Warren, and Securities and Exchange Commission Chair Gary Gensler. But Ethereum co-founder Joe Lubin sees things differently. To him, the root cause of crypto’s crisis in America may not be the fault of any individual political actor—or even one political party. “It might go beyond that,” Lubin said in an exclusive interview with Decrypt. “There may be some entity—related, perhaps, to the banking lobby—that is…

LegalMay 15

io.net and Aethir Partner to Expand GPU Infrastructure for AI Computing

Leading decentralized computing technology provider io.net has announced a major GPU infrastructure expansion in collaboration with a leading enterprise-grade AI-focused GPU-as-a-service provider Aethir. This announcement represents a turning point in io.net’s ongoing efforts to improve blockchain and AI compute capabilities. Over 300 NVIDIA H100 GPUs from Aethir have been integrated into io.net’s rapidly expanding network during the first phase of the deployment. Before the end of May, Aethir and IO will work together to deploy 1,000 H100 GPUs, triple the combined total number of H100s accessible from Web3 rivals like Akash and greatly increasing computational capability for its customers. NVIDIA…

BlockchainMay 15

Bitcoin Completes Fourth Halving, Ushering In New Era for BTC

The Bitcoin halving is here. On Friday, just after 8 p.m. ET, the Bitcoin network successfully underwent its programmed reduction in newly issued BTC. After the 840,000th Bitcoin block was created, successful miners now earn 3.125 BTC per block completed, in addition to network transaction fees. Representing the fourth halving event in Bitcoin’s history, the moment was widely anticipated by the crypto community in recent weeks. Meanwhile, the price of Bitcoin was up slightly for the day, just under 1%, trading at around $64,000, according to data from CoinGecko. The change in Bitcoin’s software boils down to its goal of…

BitcoinMay 15

Trump’s $7m crypto stash in top 5 celebrities on X

Since the 2021 NFT summer, mainstream celebrities have forayed into Web3 and crypto, but most have ditched the industry for other endeavors, while others still hold assets. Data provided by Arkham Intelligence showed that the five celebrities with crypto holdings and the most followers on Elon Musk’s X primarily held Ether (ETH), or NFTs. Ex-U.S. President and Republican candidate Donald Trump boasted the highest digital asset net worth, valued at $7 million. Trump’s biggest holding was around $5.1 million in proceeds from the NFT collection titled TRUMP, but a corridor for more digital asset associations could open. Trump recently hinted…

RegulationMay 15

Ripple EVM Sidechain Activates New XRP Amendment: Details

In a significant move, Ripple partner Peersyst announces that new amendments to the XRPL EVMSidechain have been activated following community approval. The two amendments that have been applied will enable new transaction fees in XRP and the activation of Cosmos IBC. On May 1, Peersyst launched two new key proposals, 33 and 34, to upgrade the network, to adjust XRP fees and enable IBC and Cosmos tokens, respectively. ✅🗳️Amendments 33 and 34 for the #XRPL #EVMSidechain are now applied! 3⃣3⃣New tx fees in $XRP are set 💰 3⃣4⃣@cosmos #IBC is now activated! 🌐 @interchain_io Check it out all governance updates…

AltcoinsMay 15

Brazil Upholds Crypto Donations Ban for Political Parties and Candidates

Brazilian authorities have upheld a ban on the use of crypto donations to fund political parties and candidates’ electoral campaigns in the country. In a ruling published on its website, the nation’s electoral court (Tribunal Superior Eleitoral, or TSE for short) wrote that it would “maintain” an existing “ban on the use of donations made in cryptocurrency.” The TSE’s ruling covers the period up until the 2024 municipal elections. Polls are slated for October 6 this year. A run-off vote is scheduled for October 27. Blow to Community as Brazil Upholds Crypto Donations Ban Brazilians go to the polls in…

LegalMay 15

Understanding what are crypto tokens: differences, uses, and types

Learn what crypto tokens are and the difference between them and coins. Explore their uses, types, and how they operate within blockchain networks. As you learn about cryptocurrencies, you’ll notice that various terms such as cryptos, tokens, coins, and more often arise. Usually, you’ll see that people use the terms token and coin loosely and interchangeably. However, the terms have entirely different concepts and meanings. Coins are the primary medium of exchange for blockchain networks. Crypto tokens, on the other hand, are extra assets built on existing blockchain networks and are not vital for the networks to run. While each…

BlockchainMay 15