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.

Swifter Justice Needed for Crypto Offenders, Says South Korean Prosecution Chief

A top South Korean prosecution official says courts must deliver swifter justice to crypto offenders – with cases currently taking “too long” to process. The comments came from Lee Jeong-ryeol, the head of the Seoul Southern District Prosecutors’ Office’s joint crypto investigation unit, in an interview with the newspaper Hanguk Kyungjae. The unit is the nation’s only investigative organization dedicated to crypto-related crimes. Swifter Justice Will Help Fight Crypto Crime – Prosecutor Lee claimed that “regulation rollouts” and the “punishment” of crypto-related crimes “have been slow.” He said: “We must restore trust in the virtual assets market, which has turned…

LegalMay 6

Uniswap has announced that Candlestick charts have gone live on the network

Uniswap has been continuing to improve its services for the users. In a recent move, it announced the launch of candlestick charts that will help users with their financial decisions. The candlestick chart feature has gone live on the network and interested users can utilize it. Candlestick Charts A Candlestick chart is an important function that can help financial decisions based on the performance of an asset. In crypto or other assets, it is the visual representation of the trading activity. Thus, an investor can make informed decisions in a few minutes without consulting a range of resources. These charts…

ExchangesMay 6

Bitcoin options signal cooling bullish sentiment as key support level emerges at $61,000

Quick Take As Bitcoin’s price hovers around $63,000, slightly down over the past 24 hours, the options market is providing insights into shifting investor sentiment ahead of the expiration on April 26. A key development has been the reduction in positive gamma exposure as Bitcoin declined through the heavily traded $65,000 call strike. According to Imran Lakha, a 20-year professional options trader notes: Short gamma reduced on the way down as we went through the big long strike at 65k suggesting volume has been smashed lower, calls are getting dumped The options open interest data provided by Deribit reveals a…

BitcoinMay 6

Ethereum ($ETH) Whale Re-Enters Market Despite Prior Losses

A whale, a major player in the world of cryptocurrencies that makes large transactions and has a significant impact on the market, has re-entered trading in Ethereum. Although he has made a long on the asset before and has sustained losses of about $ 4.63 million, the whale is still optimistic about the future. This whale, who previously lost $4.63M by going long $ETH, is going long $ETH again. He has withdrawn 6,965 $ETH($21.9M) from #Binance and deposited it to #Compound in the past hour, then borrowed 14.5M $USDT.https://t.co/HvLu7N4DnM pic.twitter.com/dwWYCW3rq7 — Lookonchain (@lookonchain) May 5, 2024 Whale Borrows $14.5M USDT…

EthereumMay 6

CME Senior Executive Reveals 22 Altcoins That Could Have Spot ETF in the Future – Here’s the List

Giovanni Vicioso, head of crypto at CME Group, recently spoke about the impact of Bitcoin ETFs on the crypto industry. According to Vicioso, these ETFs have not only legitimized the industry in the eyes of Wall Street, but have also forced major distribution networks and marketing firms to promote Bitcoin to their customers. Vicioso explained that the role of investment advisors has evolved into educating their client base on the importance of Bitcoin. They now have a familiar product, Bitcoin ETFs, to facilitate this process. Previously, conversations with customers about Bitcoin revolved around basic questions such as what Bitcoin is,…

AltcoinsMay 6

South African Ponzi Scheme Boss Dies in Brazil, Argentine House Passes Crypto Tax Regularization Bill

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: South African Ponzi scheme mastermind dies of a heart attack in Brazil, the Argentine House advances crypto tax regularization bill, and Buenos Aires targets Worldcoin with a new bill. South African Ponzi Scheme Mastermind Dies of Heart Attack in Brazil Johann Steynberg, a South African bitcoin Ponzi scheme mastermind, reportedly passed away in Brazil after succumbing to a blood clotting condition known as pulmonary thromboembolism. At the time of his reported death, Steynberg, the CEO of the bitcoin…

LegalMay 6

Bitcoin Exchange Binance Will Update Many Altcoin Trading Parities from Futures

Binance Futures, a leading cryptocurrency derivatives trading platform, has announced plans to delist and update several perpetual contracts, including USDⓈ-M STPTUSDT, SNTUSDT, MBLUSDT, RADUSDT, and CVXUSDT. Binance Futures Announces These Perpetual Contracts Have Been Delisted and Updated The platform will initiate the closing of all positions and perform automatic settlements for USDⓈ-M STPTUSDT, SNTUSDT and MBLUSDT perpetual contracts at 12:00 on May 13, 2024. Then, RADUSDT and CVXUSDT contracts will undergo the same transaction at 12:00 on May 14, 2024. These contracts will be delisted upon completion of settlements. Additionally, Binance Futures will make adjustments to the leverage and collateral…

ExchangesMay 6

SEC Delays Bitcoin ETF Options And Could Deny Ethereum ETF

The US Securities and Exchange Commission (SEC) has delayed decisions regarding options trading on spot Bitcoin exchange-traded funds (ETFs) and is expected to deny the proposals for Ethereum ETFs. These decisions reflect the cautious approach of the regulatory body towards cryptocurrency products in the financial markets. SEC Might Delay Bitcoin and Ethereum ETFs The SEC has postponed its decision on the approval of options trading for spot Bitcoin ETFs. This delay, announced in a recent filing, calls for further public input on the matter. Industry participants and observers are now invited to submit comments within a 21-day period, with rebuttals…

BitcoinMay 6

Ethereum Price Reclaims 100 SMA But Bulls Still Lack Strength To Clear Hurdles

Ethereum price started a recovery wave above the $3,000 zone. ETH is now above the 100-hourly simple moving average and facing hurdles. Ethereum found support at $2,820 and started a recovery wave. The price is trading above $3,100 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,110 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $3,165 resistance zone. Ethereum Price Holds Ground Ethereum price remained stable and started a recovery wave above the $3,000 level, like Bitcoin. ETH was…

EthereumMay 6

Stacks Accelerates Toward Mainnet With Strategic Nakamoto Testnet Rollout

The layer two (L2) project Stacks has officially released its public Nakamoto Testnet, offering a refined testing ground for developers and signers ahead of the mainnet launch. Stacks Introduces Nakamoto Testnet for Comprehensive Pre-Mainnet Testing In a significant step forward for the Stacks ecosystem, the Nakamoto Testnet has been introduced, providing a formal and public environment for testing and development. On Tuesday, the project’s head of content Claire Topalian detailed that the initiative marks a refinement from the earlier Pre-Launch Testnet, specifically tailored for core developers. Essentially, the Nakamoto Testnet is designed to mirror the eventual mainnet conditions closely, providing…

AltcoinsMay 6