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.

You Can Play Super Nintendo, N64, and Other Classic Games on Bitcoin—Here’s How

Thanks to the Ordinals protocol, crypto users have inscribed more than 65 million bits of media on the Bitcoin blockchain over the last year, from artwork to profile pictures to, yes, even playable video games. The Bitcoin-based alternative to NFTs lets users etch games and applications onto the chain, effectively preserving them for as long as the decentralized network lives. Some see this as a way to ensure classic games survive in an era in which digital games are delisted and hard to access. Others just think it’s cool or funny. Whether you see it as a gimmick or a…

BitcoinMay 13

The $6.5K Bet That Exploded into $5.6 Million in the Crypto Market

In the volatile world of cryptocurrency trading, few stories are as compelling as that of the trader known by the handle “waxl.eth”. According to a recent report by Lookonchain, this savvy individual managed to turn an initial investment of just $6,500 into a staggering $5.6 million. This remarkable feat was achieved through strategic investments in two lesser-known digital assets: $TRUMP and BasedAI. The journey began when waxl.eth purchased 2.08 million $TRUMP tokens for $6,500, distributed across two different wallets. The rapid appreciation of $TRUMP allowed the trader to sell 1.24 million tokens for $902,000. Despite this sale, waxl.eth still holds…

AltcoinsMay 13

Ripple's Top Lawyer Calls for Bipartisan Approach to Crypto Innovation

Stuart Alderoty, Ripple's chief legal officer, has stressed the importance of bipartisan cooperation when it comes to cryptocurrency innovation. Alderoty has added that he is glad that both parties can agree that the U.S. Securities and Exchange Commission is "out of control." On Wednesday, the US House of Representatives voted to overturn the agency's guidance on cryptocurrency custody. The SEC's Staff Accounting Bulletin No. 121 (SAB 121) requires financial institutions to keep the cryptocurrency holdings of their customers on their own balance sheets. The critics of the highly controversial guidance argued that it would make it virtually impossible for banks…

LegalMay 13

Starknet Unveils Integrity Verifier For Hyperscaling with L3 Appchains

Starknet, a Layer 2 scaling solution on Ethereum, has taken a monumental step towards hyperscaling. Partnering with StarkWare, Herodotus has unveiled the Integrity Verifier, a groundbreaking tool that enhances Starknet’s scalability by introducing Layer 3 (L3) appchains. This innovation is expected to significantly reduce transaction costs while bolstering security. .@Starknet has taken another significant step towards hyperscaling!@HerodotusDev, in collaboration with @StarkWareltd, has introduced the Integrity Verifier, a groundbreaking tool for Starknet, opening the door of L3 appchains ! This will enables to reduce transaction cost… — CryptoTraalala.stark (@CryptoTraalala) May 12, 2024 Appchains are specialized blockchains designed for specific applications, offering…

BlockchainMay 13

Bitcoin Halving Event Spurs $107 Million Daily Revenue for BTC Miners

The Bitcoin (BTC) mining landscape has experienced a seismic shift following Bitcoin’s fourth halving event, with daily miner revenue soaring to an unprecedented $107 million, as reported by CryptoQuant. Remarkably, a staggering $80 million, accounting for 75% of this total, was generated from transaction fees alone. Record-high daily revenue for #Bitcoin miners yesterday: ~$107 million. Even more impressive is that 75% or $80 million came from fees. pic.twitter.com/Cyx3KJ90XE — Julio Moreno (@jjcmoreno) April 21, 2024 The halving event, an integral feature of Bitcoin’s protocol designed to control its inflation rate and maintain its scarcity, reduced miner rewards from 6.25 bitcoins…

BitcoinMay 13

Ondo Finance Announces Collaboration with Zebec Network

Ondo Finance, the popular platform offering institutional-grade on-chain financial products, has started a new collaboration. The company revealed its integration with Zebec Network, a decentralized infrastructure forum for matchless real-world value flows, after leveraging its RWA Payments and Instant Card. The platform took to X to provide insights into the respective initiative. 🌐 We're delighted to welcome @Zebec_HQ into the Ondo Ecosystem following an integration of $USDY with Zebec’s Instant Card and RWA Payments technology. 🌐 🤝 @Zebec_HQ is a decentralized infrastructure network built to create a future where real world value moves freely and… pic.twitter.com/mkdzwm6KPX — Ondo Finance (@OndoFinance)…

AltcoinsMay 13

Consensys Lawsuit Over Ethereum Won’t Deter SEC, Former Regulator Says

A preemptive lawsuit filed in Texas federal court aims to definitively determine Ethereum’s regulatory status. But the move by blockchain software company Consensys in its home state may be far from the final legal showdown over crypto’s second-top coin, as the Securities and Exchange Commission (SEC) has national reach. “The SEC can bring a case anywhere in the country,” Christopher Gerold, a partner at Lowenstein Sandler LLP told Decrypt. “They can just as easily file a lawsuit today and allege sale of unregistered securities in a jurisdiction that they find favorable: California, New York, [or Washington] D.C.” In its complaint,…

LegalMay 13

Ripple and XRPL Labs Lead Decentralized Recovery Alliance With Key Industry Players

Ripple and XRPL Labs have taken a significant step in the realm of digital asset management by leading the establishment of the Decentralized Recovery Alliance (DeRec). As founding members alongside Swirlds Labs and the Algorand Foundation, they are positioned to provide strategic oversight on the Technical Oversight Committee (TOC) for the next two years. The alliance comprises notable industry players such as Acoer, BankSocial, Blade Labs, The Building Blocks, Casper Association, Constellation Network, The Hashgraph Association, The HBAR Foundation and Revive Labs. Together, these members aim to develop an interoperability recovery standard that simplifies the process of recovering digital assets…

AltcoinsMay 13

Will Biden Get the Final Say Over a Controversial Crypto Accounting Rule?

A little-known rule proposed by the U.S. Securities and Exchange Commission (SEC) that is disliked by vast numbers of the finance firms — particularly banks — and vehemently opposed by the majority of the crypto industry is essentially getting revived by President Joseph Biden. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. The House on Wednesday approved a decision to overturn the SEC’s Staff Accounting Bulletin (SAB) 121 in a majority vote. In the normal course of events,…

LegalMay 13

7,400 Contracts Traded on Launch Day

The first bitcoin futures contracts listed on B3, the stock exchange in Brazil, experienced significant interest from investors on debut day. According to a note delivered by the stock operator, 7,400 bitcoin futures contracts were traded, with the instrument reaching a peak of 111,000 orders on screen. While B3 has also bitcoin ETF contracts, futures are part of a diversification policy to reach more investors. Bitcoin Futures Register Relevant Demand: 7,400 Contracts Negotiated B3, the Brazil stock exchange, registered significant demand for its bitcoin futures contracts during the launch day. The stock operator stated that the instrument reached a peak…

BitcoinMay 13