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.

From NFTs to Crypto Donations

Former US President Donald Trump has announced that his presidential campaign will now accept cryptocurrency donations. Trump made the announcement during a special event for holders of his “Mugshot Edition” non-fungible tokens (NFTs) at his Mar-a-Lago residence in Florida. Trump’s move highlights his ongoing engagement with cutting-edge technology and digital assets. In a broader context, this also marks a significant shift in political fundraising strategies and aligns with growing digital trends. From NFTs to Crypto: Trump’s Digital Campaign Trail The revelation came through a short video released by Frank DeGods, co-founder of the DeGods and y00ts projects. In the video,…

NFTMay 10

Mysterious Whale Pulls 6,030 Ethereum (ETH) From Exchange as Price Eyes $3,000

A mysterious Ethereum (ETH) whale has triggered marketwide commentary with the latest buy-up of the asset. According to data from the crypto analytics platform Lookonchain, the Ethereum whale withdrew a total of 6,030 ETH from Binance a few hours ago. This withdrawn Ethereum is worth approximately $18.09 million based on the price of the asset at the time the transaction was initiated. This particular whale has a very deep interest in Ethereum as he is long on the asset. Per his on-chain activities, this whale has bought a total of 10,758 ETH valued at $32.14 million from Binance since at…

EthereumMay 10

Bitcoin Layer-2 Builder Botanix Labs Raises $8.5M From Polychain Capital, Others

Botanix Labs' Spiderchain is designed to allow any application or smart contract running on an Ethereum layer to be in effect copied and pasted onto Bitcoin. Botanix Labs and Spiderchain are part of the movement to bring greater utility to the Bitcoin network, introducing elements such as smart-contract capabilities that are more commonly associated with Ethereum. Bitcoin development startup Botanix Labs said it raised $8.5 million toward building of layer-2 network Spiderchain, taking its total backing to $11.5 million after a $3 million pre-seed round last year. The most recent round included Polychain Capital, Placeholder Capital, Valor Equity Partners and…

RegulationMay 10

RWA Integration Sets Standard for Financial Revolution

VeChain, Ripple, and IOTA make efforts to take the lead in the Real World Asset tokenization market as Ripple partners with Axelar. VeChain doubled down on its activities to accelerate growth in all areas as it seals a partnership that would make VET a medium of exchange on Oobit. VeChain forces Ripple and IOTA into fierce competition as it makes an incredible mark in the world of Real-World Assets (RWA) with its supply chain solution. Having made a mark as a go-to platform for asset tokenization, the VeChain ecosystem, hosted on the VeChainThor blockchain, has transformed the industry with the…

AltcoinsMay 10

Oklahoma joins Ohio, Mississippi in passing Blockchain Basics Act

Oklahoma has become the latest state to pass the Blockchain Basics Act, seeking to protect its citizens’ right to own, trade, and mine digital currencies. The Act recently sailed through both state legislature chambers (81-1 in the House of Representatives) and awaits Gov. Kevin Stitt’s signature. If assented by the Republican governor, it would take effect on November 1. The Blockchain Basics Act is a nationwide framework that lawmakers customize for their states, but the general provisions remain consistent. In Oklahoma, the initiative was led by Rep. Brian Hill (R-Mustang) in the lower house and state Sen. Bill Coleman (R-Ponca…

LegalMay 10

FTX to pay out at least 118% of recognized claims to 98% of its creditors

FTX Trading, commonly known as FTX.com, and its affiliated debtors have announced a major development in their bankruptcy proceedings. According to the newly filed Plan of Reorganization, 98% of FTX creditors are expected to receive at least 118% of their allowed claims in cash within 60 days of the plan’s effectiveness. The remaining creditors are set to receive 100% of their claims and additional compensation for the time value of their investments. FTX’s reorganization plan is subject to approval by the Bankruptcy Court, according to a press release published today. The plan, filed 17 months after FTX’s Chapter 11 bankruptcy…

ExchangesMay 10

MVL Collaborates with PowerPod to Revolutionize DePIN Ecosystem

MVL, one of the leading players in the mobility sector, has entered into a collaboration with PowerPod, a pioneer in decentralized energy grids. They dream of revolutionizing the Decentralized Physical Infrastructure Network (DePIN) ecosystem. Through this landmark collaboration, they aim to reshape the essence of global mobility and energy infrastructure. 📢 MVL is thrilled to announce our partnership with @PowerPod_People, a DePIN project focused on building the decentralized Internet of Energy, connecting global EVs, charging stations, solar panels, and energy storage into a unified network. This collaboration marks a… pic.twitter.com/y5Cs6bJnoL — MVL (@mvlchain) May 7, 2024 Kay Woo and Ting…

BlockchainMay 10

Bitcoin Price Eyes Next Breakout As The Bulls Aim For $70K

Bitcoin price climbed above the $66,000 resistance zone and started consolidation. BTC is now eyeing the next move above the $67,200 resistance zone. Bitcoin is eyeing a decent increase above the $67,200 resistance zone. The price is trading above $65,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $65,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $67,200 resistance zone. Bitcoin Price Eyes More Upsides Bitcoin price started a fresh increase above the $65,500 and $66,000…

BitcoinMay 10

CryptoPunks leads NFT sales for the second straight day

CryptoPunks dominated the market with a daily sales volume for the second consecutive day on Wednesday. The Ethereum-based non-fungible token (NFT) collection recorded over US$1.25 million in daily sales with eight total transactions attributed to seven unique buyers and sellers each. CryptoPunks led the market despite a 25% sales drop from the day prior. Its US$1.7 million daily sales volume also led the market on Tuesday, according to CryptoSlam data. CryptoPunks’ two-day dominance was not able to keep Ethereum, its host chain, at the top of the blockchain rankings for NFT sales. Bitcoin collections collectively achieved US$6.68 million in sales…

NFTMay 9

Blockchain Infrastructure Firm Blockdaemon Expands into ETH Liquid Staking Market

Blockdaemon, a crypto infrastructure provider, said it is adding Liquid Collective’s ecosystem to its platform, this in turn will allow its developers to contribute to the ETH liquid staking protocol. In an announcement, Blockdaemon said it is supporting Liquid Staked ETH (LsETH) minting, redemption, and custody. This will mean “LsETH” will be integrated as the liquid staking solution in the Blockdaemon Wallet product. “Our decision to make LsETH the exclusive liquid staking solution within the Blockdaemon Wallet strongly reflects our commitment and enthusiasm for joining the Liquid Collective,” said Konstantin Richter, Founder and CEO of Blockdaemon in a press release.…

EthereumMay 9