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.

Tether CEO fires back at accusations about company solvency

Tether CEO Paolo Ardoino responded to Deutsche Bank analysts’ questions about the company’s solvency and the stability of its USDT stablecoin. Ardoino cited the latest statement from Deutsche Bank analysts on his X account, saying the financial institution has no room to talk. The Tether CEO noted Deutsche Bank’s history of fines and sanctions, raising doubts about its ability to criticize others in the industry. Ardoino recalled that the International Monetary Fund also named Deutsche Bank the riskiest bank in the world. “Deutsche Bank’s history of fines and penalties raises doubts about its own standing to critique others in the…

RegulationMay 11

Bybit Prepares Initial DEX Offering (IDO) For Nulink (NLK)

Cryptocurrency exchange Bybit aims to enhance the decentralized finance (DeFIi) sector with its upcoming Initial DEX Offering (IDO) for Nulink (NLK). Slated for May 12, this event will mark the launch of the NLK token, aiming to raise 200,000 USDC at 0.05 USDC per NLK. Bybit Prepares IDO for Nulink The IDO on Bybit aims to enhance data privacy across the dApps ecosystem. Nulink promises to bolster security through an exclusive API that supports developers and companies in crafting applications within a privacy-focused framework. This approach ensures that user data remains protected, fostering a secure environment for technological advancement. Interest…

ExchangesMay 11

How Blockchain and AI Are Recasting Ancient Occult Practices

When fans and skeptics alike refer to Bitcoin as “magic internet money,” they may not immediately connect the “technical marvel” to actual magic. But a new generation of magick practitioners is adopting blockchain technology, artificial intelligence, and ancient practices to commune and work with angels, demons, and more. Among them is Chaweon Koo, a futurist, witch, digital artist, and blockchain enthusiast. “I just want to say that I'm just a very, normal person,” Koo told Decrypt. “The way that I work with the occult is, let's say, less mystical and a little bit more like an instrument.” She said she…

BlockchainMay 11

ETFs Spark Boom, but Euphoria Signals Caution Ahead

As Q2 2024 unfurls, Bitcoin continues to dominate headlines, boasting a staggering 69% price increase in the first quarter alone. This surge, primarily fueled by the debut of spot Bitcoin Exchange-Traded Funds (ETFs) and the anticipation for Bitcoin halving, underlines a transformative phase for the crypto market. However, Bitcoin’s rally has caused an increase in euphoria, signaling potential market caution. Generally, there are pullbacks or market reversals after the euphoric stage. What Are Warning Signs From Bitcoin’s Q1 2024 Performance According to the “Q2 2024, Guide to Crypto Markets” report by Coinbase Institutional and Glassnode, there are some warning signs…

BitcoinMay 11

Crypto Custody Tech Firm Fireblocks Unveils New York-Regulated Trust Company

Pending final regulatory approval from the NYDFS, the Fireblocks Trust Company will offer cold storage custody to U.S. clients. Fireblocks' Global Custodian Partner Program will launch this quarter with an initial group of licensed firms based in the U.S., the United Arab Emirates, Britain, Singapore, Thailand and Australia. Cryptocurrency safekeeping specialist Fireblocks plans to establish a limited-purpose trust company under the purview of the New York Department of Financial Services (NYDFS). Pending final regulatory approval, the Fireblocks Trust Company will offer cold-storage custody to U.S. clients, the firm said on Friday. The New York-based company is also creating a network…

RegulationMay 11

Bitcoin Exchange Binance Announced That It Will Make Updates for Many Altcoin Trading Parities in Futures!

In a significant move, Binance Futures announced that it will delist and update the leverage and margin tiers of the COIN-M KNCUSD, ICXUSD, XTZUSD, ROSEUSD and APEUSD perpetual contracts. Binance Futures to Delist and Update Leverage and Margin Tiers of Certain COIN-M Perpetual Contracts Binance Futures will close all positions and perform automatic settlement on COIN-M perpetual contracts on COIN-M KNCUSD, ICXUSD and XTZUSD at 12:00 AM on May 20, 2024. ROSEUSD and APEUSD COIN-M perpetual contracts will perform the same transaction at 12:00 on May 21, 2024. Once the settlement is completed, the contracts will be removed from the…

ExchangesMay 11

Velo Unveils Beta Launch of Orbit Application, Revolutionizing Web3 Payments

Today, Velo has revealed the beta launch of its new and innovative technology, the Orbit Application. It is a huge step forward in the Web3 method of payments. The launch of Orbit took place in December to bridge the Digital and financial gap. Orbit is truly unique, as it goes beyond traditional payment platforms and offers a modern look at cryptocurrency and fiat earnings. It offers real-time crypto to fiat conversion and the ability to choose a profitable rate. Exciting news from Velo! 🌐 We're thrilled to announce the beta launch of Orbit Application 🎉 Orbit is not just a…

BlockchainMay 11

Trader That Called 2022 Bear Market Bottom Updates Bitcoin Forecast – Here’s His BTC Cycle Top Price Prediction

A popular trader known for several accurate crypto market calls is outlining his Bitcoin forecast after the BTC halving last week. The pseudonymous analyst known as Dave the Wave shares a chart with his 147,000 followers on the social media platform X that indicates Bitcoin could reach $169,500 in the last quarter of 2024. According to Dave the Wave, Bitcoin has consistently printed diminishing returns after every bull market since 2012. For the current cycle, the trader expects BTC to generate gains of over 626% from the bottom – a significant reduction from the 1,275% gains witnessed during the 2020…

BitcoinMay 11

Bitfinex to list NOT token

Notcoin will offer a unique gaming experience that rewards users with tokens for their involvement. The game gained huge popularity due to its game mechanics, which enable users to earn tokens through an upfront clicker interface. This approach garnered the attention of a substantial player community, particularly on the Telegram messaging app. Now that the NOT jetton has been introduced, Notcoin hopes to reorient its user base toward blockchain technology by offering them novel opportunities to participate in the ecosystem and potentially earn rewards. Notcoin will provide users with a brand new avenue to communicate with the system and reap…

ExchangesMay 11

Users Get Paid for Using Phone as Storage Node, Courtesy of GenesysGo

GenesysGo, a leading blockchain infrastructure service provider, has unveiled its latest innovation: Mobile shdwDrive for Solana Saga users. This feature allows Saga phone owners to convert their devices into decentralized storage nodes, earning passive income by leveraging latent storage capacity. — With billions of dollars poured into DePIN this year and Helium leading real-world use cases on Solana, GenesysGo's Mobile shdwDrive taps into the potential of over 150,000 Solana Saga phones (sold and Chapter 2 pre-orders), rewarding users with $SHDW tokens, which was recently listed on Coinbase. As Saga targets selling 100,000 units this year, the Mobile shdwDrive ecosystem is…

BlockchainMay 11