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.

Fresh Cryptocurrency Statements from CFTC Chairman Rostin Behnam

Rostin Behnam, Chairman of the US Commodity Futures Trading Commission (CFTC), recently made a statement regarding the future of the cryptocurrency market. He says he predicts we will witness another enforcement cycle in the crypto space in the next 6 to 24 months. According to Behnam, this is due to the lack of a regulatory framework for the cryptocurrency sector, the appreciation of assets and the renewed interest of individual investors and entrepreneurs. Behnam also said about the sustainability of digital assets: “There is a sustainability to this asset class. It is clear that there has been growth in the…

LegalMay 10

Mining pool ViaBTC auctions rare Bitcoin 'epic sat' from recent halving event on CoinEx

ViaBTC, the world’s third-largest mining pool, is initiating an auction for the “epic sat” it uncovered during Bitcoin’s fourth halving event on April 20. In an April 23 announcement, ViaBTC disclosed that the auction is underway on the CoinEx crypto exchange and is slated to conclude by April 26. The statement reads: “The auction for Sat 1,968,750,000,000,000 — 1 of only 4 epic sats in the Bitcoin ecosystem — has officially begun!” “Epic sat” refers to the initial satoshi generated following each halving event, occurring approximately every four years after 210,000 blocks. With just 32 epic sats expected to exist,…

BitcoinMay 10

Ethereum team lead slams Farcaster over bot manipulation

Ethereum’s team lead Péter Szilágyi has criticized Farcaster for alleged bot manipulation, raising concerns about the platform’s transparency. Ethereum‘s core developer Péter Szilágyi appears to be not a big fan of Farcaster, an open-source decentralized social network, implying the platform is filled with bot manipulation. The Farcaster DAU printer: – Bots pay 5$ to FC to sign up. – Bots circle-jerk to amass DEGEN tips. – Degen tokens cover the signup fees. Rinse and repeat. FC adds feature to hide bots. "Win-win". Users live in a bubble, FC can "demo" insane DAU. Completely healthy ecosystem /s — Péter Szilágyi (karalabe.eth)…

EthereumMay 10

What Does Today’s SEC Ruling on Robinhood Mean? Is This A Covert Attack On Altcoin?

Prominent figures in the cryptocurrency law community have accused the US Securities and Exchange Commission (SEC) of overstepping its bounds in its latest crackdown on crypto companies. The criticism comes after cryptocurrency and stock brokerage Robinhood announced that it had received a Wells Notice from the SEC regarding cryptocurrencies. Variant Fund's Chief Legal Officer, Jake Chervinsky, expressed on social media his surprise at the number of Wells Notices the SEC has sent to crypto companies in recent months. “It is hard to imagine that they would (or could) make so many enforcement decisions at once,” he wrote, adding: “They appear…

LegalMay 10

Samson Mow '$1 Million BTC' Advocate

Bitcoin maximalist and chief executive at Jan3 Samson Mow has spoken to Forbes about the halving that is now in the rearview, the Bitcoin supply shock that he expects in the near future and about the ultimate Omega candle that will perhaps push BTC to $1 million. Omega Candle in sight! Omega Candle in sight! The #halving is proof that this system works, but it also means a supply shock is coming for any parties looking to buy large amounts of #Bitcoin. Check out @Excellion's comments on the recent halving in this @Forbes article by… pic.twitter.com/xp23ulxQIJ — JAN3 (@JAN3com) April…

BitcoinMay 10

Correction Continues With Lower Prices Ahead

The Ethereum (ETH) price is currently undergoing a correction, with the price approaching significant Fibonacci support levels. Whether Ethereum will break this support bearishly or not remains uncertain. The possibility of Ethereum reaching a new annual low largely depends on market dynamics and investor sentiment. While there’s always the possibility of further downside, it’s also plausible that Ethereum could reverse its trend and move upward again in the near future. Ethereum’s Price Trend: Ongoing Correction Continues The Ethereum price has experienced a decline of approximately 31.3% since reaching a recent peak of around $4,094 the month before last. This substantial…

EthereumMay 10

The Digital Chamber slams SEC for issuing Wells Notice against Robinhood

The Digital Chamber, a crypto trade association, condemned the SEC for submitting a Wells notice to Robinhood Crypto. In a statement on May 6, the association expressed “profound disappointment and concern” over the action and called it an example of regulatory overreach. The Digital Chamber emphasized its ongoing opposition to the SEC extending its reach without authorization from Congress. It noted that Congress is “actively deliberating legislation” to define regulatory jurisdiction over crypto and said the SEC has violated the process. To address jurisdictional issues, the Digital Chamber urged for “immediate legislative action” and said SEC Chair Gary Gensler should…

LegalMay 10

Here's Why Bitcoin Fees Exploding After Halving

Bitcoin's fourth halving has come and gone, and its effect can already be seen with an over 3% price bump since the event — a sign of upcoming growth compared to past halvings. Historically, halvings have shown a mix of short-term reactions but tend to lean toward a bullish trend over the long run. Yet, it is crucial to note that there are not many past events from which to form a solid case. Beyond market fluctuations, the weekend following the halving saw a significant spike, not in price, but in transaction fees. Bitcoin's network fees skyrocketed to a record…

BitcoinMay 10

Ethereum Foundation Allegedly Dumps 1,000 ETH: Will Price Drop Follow?

The recent series of transfers by the Ethereum Foundation to the multisign address "0xbc9" has caught the attention of market observers, sparking concerns about potential volatility in Ethereum's price. In the latest transaction reported by Spot On Chain, the foundation moved 1,000 ETH, valued at $3 million, to the aforementioned address. This action is part of a larger trend, as the foundation has already transferred a total of 5,000 ETH to the same address since the beginning of 2024. What is notable about these transfers is their potential impact on the market. Analysis reveals that a considerable portion of the…

EthereumMay 10

Solana (SOL) Founder Addresses Major Economic Security Issue

While the USD-denominated value of Solana's (SOL) staking ecosystem hits $70 billion, cryptocurrency enthusiasts are guessing whether its economics are safer than those of its key rival Ethereum (ETH). Solana (SOL) might finally be close to Ethereum (ETH) by this metric With the aggregated staking value of $70 billion in equivalent, Solana's (SOL) economic security is getting close to that of Ethereum (ETH). At the same time, this indicator remains one of the main catalysts for L2 choosing Ethereum (ETH), Jun Soo Kim of Apybara staking platform says. The nuance missed here is that $70B is staked because a large…

AltcoinsMay 10