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.

Crypto market unsure as Maxine Waters nominates Kristin Johnson for key Treasury position

Rep. Maxine Waters, a ranking member in the US House Committee on Financial Services, has proposed the nomination of Ms. Kristin Johnson, a current Commissioner of the US Commodity Futures Trading Commission (CFTC), for the position of Assistant Secretary for Financial Institutions at the US Department of Treasury. In a May 2 letter addressed to President Joe Biden, Rep. Waters cited Johnson’s extensive expertise in financial regulation and her commitment to upholding the integrity of financial markets during her tenure as a CFTC Commissioner. According to Waters: “In her role as a CFTC Commissioner, Commissioner Johnson has prioritized maintaining the…

LegalMay 7

The Urgent Call for Stratum V2 Adoption

Ordinals founder, Casey, criticizes the current state of Bitcoin mining decentralization, highlighting the dominance of large pools like AntPool. Stratum V2 is introduced as a pivotal upgrade to the Bitcoin mining protocol, aiming to empower individual miners with greater transaction selection control. “It’s time for serious testing of Stratum V2,” urges Casey, advocating for a shift to enhance Bitcoin’s foundational promise of censorship resistance. In a revealing assessment, Ordinals founder Casey exposes the vulnerability in Bitcoin’s mining structure and pushes for immediate adoption of Stratum V2 to safeguard the cryptocurrency’s core value of decentralization. Examining the State of Bitcoin Mining…

BitcoinMay 7

COTI V2 Airdrop is now live Grab your share of $8 million now

COTI, the leading platform in the crypto industry, has just presented its largest token giveaway ever; this indicates a bright era for the platform with all its ardent supporters. The COTI V2 Airdrop Campaign is an extensive campaign holding 40 million $COTI V2 tokens valued at about $8 million to be distributed, which is a turning point for the platform. This charitable program aims not only to illustrate COTI’s generosity and develop its relationship with its users but also to allow COTI to explore new directions and grow as a platform. The campaign’s immediate launch on March 25, 2024, established…

AltcoinsMay 7

Australian Federal Court Rules in Favor of ASIC, Against Unlicensed Qoin Crypto

An Australian Federal Court on Friday, ruled in favor of the Australian Securities and Investments Commission (ASIC) regarding an unlicensed crypto platform that misled customers. The court noted that a Gold Cost crypto promoter – BPS Financial – allegedly broke the law by promoting unlicensed crypto wallet. The firm misled customers while offering the ‘Qoin Wallet’, a non-cash payment facility which used a crypto-asset token called ‘Qoin.’ ASIC Chair Joe Longo cautioned the highly volatile and risky behavior of crypto assets, emphasizing the importance of authorized licenses. “It is critically important that providers have the appropriate licenses and authorizations, and…

LegalMay 7

Bitcoin Inflation Rate At An All-Time Low

Bitcoin’s inflation rate has reached a new milestone, recording an all-time low of approximately 1.74%, just days after the latest Bitcoin halving. With 93.3% of Bitcoin already mined, translating to 19.6 million out of the possible 21 million BTC, the scarcity factor is anticipated to drive demand further, potentially fueling a surge in the price of the leading cryptocurrency. Comparatively, fiat currencies experience higher inflation rates due to government controls and economic policies. In 2023, countries like Argentina faced extremely high inflation rates, reaching 161.0%, as per data from Inflation Data. The European Union reported more moderate levels, with the…

BitcoinMay 7

Why Ethereum Game ‘Fantasy Top’ Is Taking Over Crypto Twitter

What’s Crypto Twitter buzzing about now? A game built around Crypto Twitter, believe it or not—one offering sizable rewards and incentives for players. Fantasy Top is captivating the crypto faithful by transforming the industry’s biggest and buzziest social media personalities into Ethereum NFT trading cards on scaling network Blast. Players can crush rivals by creating card lineups that have the best real-world Twitter engagement during each competition, and earn crypto and in-game prizes in return. Crypto’s biggest tweeters have excitedly embraced it, promoting their own in-game cards or sharing their lineups, as well as bragging about how much their NFTs…

NFTMay 7

Why Crypto Community Can't Stop Talking

The Dogecoin community is abuzz, with one of its vocal members, Mishaboar, sharing enthusiasm for the latest Dogecoin core release, version 1.14.7. This new update is particularly significant for merchants, as it brings a host of enhancements and security updates that are poised to improve the overall functionality and safety of Dogecoin transactions. In a new tweet, Mishaboar urges merchants or providers of services on Dogecoin to update to the latest Dogecoin Core 1.14.7 release, as the "estimatefee" and "estimatesmartfee" methods have been updated and are now maintained and tuned to follow Dogecoin parametrization. Hurray! Update to #Dogecoin Core 1.14.7…

AltcoinsMay 7

the proposal of the CFTC

In a revolutionary move, Commodity Futures Trading Commission (CFTC) Commissioner Caroline D. Johnson has put forward a series of recommendations aimed at the intersection of artificial intelligence (AI) and decentralized finance (DeFi). This proposal marks a crucial moment for regulatory approaches to emerging technologies in the financial sector. Commissioner Johnson’s initiative not only outlines potential frameworks for AI in financial services, but also emphasizes the importance of integrating these advancements within the rapidly evolving DeFi ecosystem. The Context of AI in Financial Regulation and the Role of DeFi Recommendations and Key Strategies Implications and Future Perspectives The Context of AI…

LegalMay 7

Death cross hints at imminent Bitcoin collapse

For all of the triumphs of 2024, Bitcoin (BTC) has lately been struggling to maintain any sort of positive momentum. Indeed, after tapping a new all-time high (ATH) at $73,000 in March, the world’s premier cryptocurrency has experienced a notable correction which – at the height of the Israel-Iran war scare – even saw if fall below $60,000. While the situation has somewhat stabilized since, and BTC managed several days of positive – if highly volatile – trading it is not only trading in the red again, but technical analysis (TA) reveals that an even greater pullback may be imminent.…

BitcoinMay 7

Hashnote and Paxos Collaborate to Boost PayPal USD (PYUSD) Collateral Efficiency

Miami — Hashnote, the first on-chain digital asset manager backed by Cumberland and DRW, is proud to announce its strategic collaboration with Paxos, a leading regulated blockchain infrastructure and tokenization provider. This collaboration aims to meet the demands of market makers, traders, and institutions by integrating PayPal USD (PYUSD) into Hashnote’s yield-bearing USYC, fostering collateral efficiency. — Hashnote's innovative approach leverages cutting-edge technology to facilitate instantaneous conversion between USYC and PYUSD through a two-way atomic settlement process. This integration provides Hashnote customers with seamless access to USYC, a yield-bearing token backed by investments in US Treasury Bills, repurchase (repo), and…

AltcoinsMay 7