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.

Ethereum Founder Vitalik Says Shiba Inu Outperformed His Expectations

The Ethereum founder Vitalik Buterin has admitted that Shiba Inu (SHIB) “massively” outperformed his earlier expectations for the project. Buterin disclosed this while reacting to a statement from Nathan Young, a Web Designer and Director at Frostwork. Young spotlighted the crypto assets held by Future of Life Institute (FLI), a non-profit focused on AI research, noting that he never believed the organization’s crypto balance amounted to much. For context, FLI was one of the beneficiaries of Vitalik Buterin’s Shiba Inu donations. Recall that the Ethereum founder received half of the entire Shiba Inu supply from Ryoshi, SHIB’s anonymous founder. Buterin…

AltcoinsMay 6

Ripple v. SEC case update as of May 6, 2024

With the legal dispute between the United States Securities and Exchange Commission (SEC) and Ripple far from over, the blockchain company has filed further support of its motion to strike new expert materials and in reply to the securities watchdog’s opposition to this motion. Indeed, after the SEC filed its opposition to Ripple’s request to strike the declaration by the regulator’s witness, Andrea Fox, arguing that it did not constitute undisclosed expert testimony, Ripple’s legal team filed a letter in support of its motion, as per the document shared by defense attorney James K. Filan on May 2. #XRPCommunity #SECGov…

LegalMay 6

Alchemy Pay Integrates Fiat-Crypto Ramp Solution on Influpia

The fusion of traditional finance with the burgeoning realm of cryptocurrencies has taken another significant stride as Alchemy Pay joins forces with Influpia, a pioneering Web3 multi-chain social platform. The integration introduces a fiat-crypto On and Off-Ramp solution, aiming to streamline accessibility to digital currencies through local fiat currencies. Influpia, distinguished for its innovative approach to converting social influence into tangible assets via blockchain technology, has integrated Alchemy Pay’s solution seamlessly into its platform. This integration enables users, both experienced crypto enthusiasts and novices, to effortlessly purchase and sell Bitcoin using their preferred fiat payment methods directly within the Influpia…

ExchangesMay 6

Ripple CTO Says It's "Nearly Impossible" to Avoid Selling XRP

David Schwartz, chief technology officer at Ripple Labs, has stated that it is "nearly impossible" to avoid selling XRP even if one wants to continue holding. Earlier, he said that "everyone who holds a digital asset can sell it if they wish to." Schwartz also previously explained the tax implications of receiving XRP from the company. For instance, if Schwartz were to be given a bonus of 1,000,000 XRP from Ripple, he would need to sell a substantial portion of this sum in order to cover the taxes owed on it. Taking into account both federal (Fed) and California (CA)…

AltcoinsMay 6

Australian Court Hands Win to Market Regulator in Case Against Qoin Blockchain, But There is a Catch

A court in Australia mostly ruled in favor of Australia’s markets regulator in its case against BPS Financial Pty Ltd (BPS) over its Qoin scheme. The court clarified that blockchain was not part of the financial product. An Australian Federal Court mostly ruled in favor of Australia’s markets regulator in its case against BPS Financial Pty Ltd (BPS) over its Qoin scheme, on Friday, court documents and the regulator’s announcement show. Judge J Downes ruled that the Australian Securities and Investments Commission (ASIC) “succeeded on its Unlicensed Conduct Case, other than in relation to the period during which BPS was…

LegalMay 6

Using bitcoin to buy this flame-throwing robot dog saves you 10%

Bitcoin holders in the market for a terrifying fire-spewing robot dog can now get 10% off if they make their purchase using the world’s most popular crypto. The four-legged flamethrower — official name ‘Thermonator’ — is currently priced at $9,420 but, according to its seller Throwflame, buyers can knock off $942 if they use bitcoin to make the purchase. If that wasn’t a sweet enough deal, Thermonator comes with free US shipping and a further discount if bought in bulk as a ‘wolf pack.’ To create the four-legged death-dealer, Throwflame has taken a robotic dog designed by Boston Dynamics and…

BitcoinMay 6

VeChain Releases Strong Financial Report for Q3-Q4 2023, VET Bullish?

VeChain reports robust financial position, exceeding $440 million in assets. Highlights include research collaborations and partnerships driving ecosystem expansion. Commitment to advancing blockchain technology for mainstream adoption in 2024. VeChain Foundation publishes a comprehensive financial report, highlighting a robust financial position exceeding $440 million in assets by the end of 2023. The report underscores VeChain’s commitment to transparency and its pivotal role in shaping the future of blockchain technology. In continuation of our commitment to transparency over #VeChain's Treasury and expenses, we are pleased to share the latest financial report, covering both Q3 and Q4 of 2023. As of 2023…

AltcoinsMay 6

Beck & Bulow Adopts Bitcoin as a Treasury Reserve Asset

Beck & Bulow, a nationally acclaimed meat and seafood company based in Santa Fe, New Mexico, has announced its decision to accept Bitcoin as payment online and in-store, as well as include it in their employee 401k program. The company has also committed to holding Bitcoin and revenue generated in Bitcoin in its reserves indefinitely. Founded in humble beginnings, working farmers markets and selling meat door-to-door, Beck & Bulow has grown to play a much bigger role in the meat supply chain in New Mexico. The company now serves over 1,000 restaurants and retailers across the United States, including luxury…

BitcoinMay 6

Reserve Rights Token (RSR) spikes after hitting key milestone

Reserve Rights Token (RSR) price continued soaring this week as investors continue focusing on tokenization. It peaked at $0.013 on Tuesday, 720% above its lowest level in 2023. This makes it one of the best-performing tokens in the market. Reserve Rights Token chart Reserve Rights has done well because of continued inflows in its ecosystem and the hopes that tokenization will continue doing well. In a statement, the developers noted that the ecosystem’s reserves had jumped to over $102 million. One. Hundred. Million. 🫳 • • • 🎤 pic.twitter.com/T8AO4EBQYs — Reserve (@reserveprotocol) March 27, 2024 These inflows continued on Wednesday.…

AltcoinsMay 6

Bitcoin Whale Buys $40 Million Worth of BTC at the Bottom

According to cryptocurrency analytics platform Lookonchain, a major Bitcoin whale recently purchased 620 Bitcoins ($39.8 million) at the bottom of a recent price correction. The whale in question has acquired an astonishing $282.38 million worth of Bitcoin at an average price of $64,471. In the meantime, the Bitcoin price has already walked back the entire price plunge. According to CoinGecko data, the flagship cryptocurrency is currently trading at $64,676 after previously dropping to $62,923. card As reported by U.Today, the sharp drop was caused by fresh US economic data that showed rising inflation and slowing GDP growth. Futures traders have…

BitcoinMay 6