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.

UAE Offers Friendlier Crypto Scene Than US Due to Political Stability: Komodo CTO

Komodo CTO Kadan Stadlemann said the United Arab Emirates’ (UAE) political stability fosters a friendlier environment for crypto businesses to flourish, compared to the challenges they face in the US. In a jab at democracies, he said the UAE’s biggest advantage is its monarchy. The exec believes the UAE’s stable leadership, free from the back-and-forth policy changes of democracies, creates a more friendly environment for crypto businesses to grow. In an interview with CryptoNews, he credited the country’s “very stable political basis” as key to its startup friendliness. He also pointed to the UAE royal family’s “genius approach,” which he…

LegalMay 13

Bitcoin shatters halving theory; This is when BTC will peak

Bitcoin (BTC) is maintaining its position above the $65,000 support zone as the maiden cryptocurrency continues to navigate the post-halving landscape. In this regard, there is anticipation about Bitcoin’s future trajectory, especially considering the digital asset’s overall bullish trend leading up to the halving event. In this context, an analysis by CryptoCon shared on X (formerly Twitter) on April 21 suggested that the conventional halving cycles theory may require reassessment based on Bitcoin’s price behavior surrounding the 2024 event. The analysis acknowledged the traditional belief that the inaugural halving in 2012 held the utmost significance. Subsequently, Bitcoin adhered to a…

BitcoinMay 13

Thruster Boosts DeFi with Support for Juice’s USDB/ETH Vault

Thruster, a leading platform in the decentralized finance (DeFi) space, is thrilled to announce its support for Juice’s latest vault: USDB/ETH on Thruster v3. This collaboration is set to revolutionize cross-margin DeFi accounts. In addition to this, it will maximize points and yields for users. Excited to be supporting @Juice_Finance's latest vault: USDB/ETH on Thruster v3, boosted via @hyperlockfi! The 0.05% USDB pool has the highest Gold / $ of TVL deployed ratio. We're distributing 10,000 additional Gold to Juice for top deposits in the Vault! Check out Juice… https://t.co/OcoEAwfVCL pic.twitter.com/i7Jun0jRYX — Thruster (@ThrusterFi) May 12, 2024 Juice Receives 10,000…

DeFiMay 13

Solana Surpasses Ethereum in DEX Volume

Solana has managed to top Ethereum in 24-hour daily volume in decentralized exchanges, according to recent data. The two popular blockchains recorded $1.3 billion and $1.29 billion, respectively, in DEX trading volume. BSC comes in third place with $604 million worth of DEX trading volume. Arbitrum and Base are in fourth and fifth places after generating $510 million and $286 million in DEX trading volume, respectively. Another flippening? It is also worth noting that Solana’s total fees are now at 50% of Ethereum’s fees over the past few days. For comparison, the ratio was just 1% during the 2021 bull…

AltcoinsMay 13

Stand With Crypto Sets Up Election War Chest, Backs Candidates Seeking Open Seats

Crypto advocacy group Stand With Crypto is opening its own Political Action Committee ahead of this year's elections. The group's own members will support the PAC, though they're limited to $5,000 contributions. The fast-growing organization of cryptocurrency supporters, Stand With Crypto, is getting into campaign financing with the opening of its own political action committee (PAC) that will make direct donations to endorsed congressional candidates, said Chief Strategist Nick Carr. Its opening slate of endorsements will feature five candidates seeking open seats in the U.S. House of Representatives and Senate, though the money will have to wait. Stand With Crypto's…

LegalMay 13

SolvBTC Liquidity Pool Launched on Merlin and BNB Chains

Solvs Protocol Team is thrilled to announce the creation of the SolvBTC liquidity pool on the Merlin Chain and BNB Chain. This endeavor demonstrates the Team’s commitment to expanding the horizons of the DeFi space. The SolvBTC liquidity pool is one-of-its-kind, which means that users can access funds from their SolvBTC wallet even before the start of redemptions. SolvBTC Liquidity Pools Now Available on MerlinSwap and PancakeSwap By creating these liquidity pools, Solv Protocol showing its commitment to maximize flexibility and availability of instruments to its user base. Given the variety of user needs and preferences, SolvBTC liquidity pools are…

DeFiMay 12

Pantera Capital Leads Blockchain Investment in Telegram’s TON

In a move signaling confidence in the future of Telegram’s blockchain network, Pantera Capital, a leading venture capital firm specializing in blockchain technology announced its largest ever investment in TON. The exact amount of the investment remains undisclosed. Pantera Capital founder Dan Morehead said TON is the largest investment Pantera has ever made, but did not disclose the specific amount, nor the discounted price for purchasing TON tokens. Pantera had earlier said it would raise up to $250 million to purchase discounted SOL from… — Wu Blockchain (@WuBlockchain) May 10, 2024 TON, originally designed by Telegram, is a Layer 1…

AltcoinsMay 12

Bitcoin's Unique Volatility Profile in Focus as VIX and MOVE Spike

BTC's implied volatility index, DVOL, has recently declined, maintaining a positive correlation with the cryptocurrency's price. Stock and bond market volatility indices, VIX and MOVE, have ticked higher amid risk aversion. A continued rise in MOVE may weigh over bitcoin, one analyst said. Bitcoin's (BTC) price has recently corrected after weeks of unstoppable rally, tracking weakness in U.S. stocks and bonds. BTC's pullback again stands out, exhibiting little fear or panic compared to stocks and bond markets, where expected or implied volatility indices, often called fear gauges, witnessed notable spikes. Bitcoin's price has declined by 7% this month. Still, crypto…

BitcoinMay 12

Genesis is Preparing for a $33.6 Million Altcoin Sale! Which Altcoins Are There?

Bankrupt cryptocurrency loan company Genesis is preparing to sell altcoins. According to Lookonchain's post, Genesis Trading deposited $33.67 million worth of altcoins into Gemini during the day. While more than 30 altcoins worth 33.6 million dollars were transferred, the altcoins were listed as follows: “16.4 million GRT (valued at $4.69 million) 396 million AMP (valued at $2.94 million) 123 thousand INJ (valued at $2.93 million) 32,331 AAVE (valued at $2.88 million) 970 PAXG (2, 9.19 million BAT (valued at $2.25 million) …..” Apart from these, popular altcoins such as CRV, APE, LINK, SUSHI were also among the transferred altcoins. Lookonchain…

AltcoinsMay 12

DoJ claims Tornado Cash indictment is not about ‘free speech’

The US Department of Justice (DoJ) has explained why Tornado Cash founder Roman Storm’s motion to dismiss his criminal lawsuit has been inefffective. The DoJ reiterated that its indictment has nothing to do with whether the computer code of Tornado Cash is free speech or otherwise Constitutionally protected by the First Amendment. “The defendant is not being prosecuted for posting computer code,” claimed the DoJ. “Instead, he is being prosecuted for his use of it in furtherance of a profitable and illicit business.” Indeed, there are many forms of speech – including spoken words – that the First Amendment does…

LegalMay 12