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.

Verdict Announced in Binance Founder CZ’s Case – Here is the Sentence He Received

Binance founder Changpeng Zhao (CZ) was sentenced to 4 months, according to the judge's statement. Despite the penalty, the billionaire will keep most of his wealth. In November, the Ministry of Justice filed a criminal complaint against Binance and Zhao. However, unlike the Justice Department's case against other crypto criminals like Bankman-Fried and Terraform Labs' Do Kwon, Zhao and Binance reached a deal with prosecutors. The agreement also involved several federal agencies, including the Treasury Department and the Commodity Futures Trading Commission. Judge Richard Jones ordered Zhao, who is estimated to be worth about $43 billion and is currently the…

LegalMay 4

zkSync announces crypto partnership with Alchemy

Yesterday, zkSync, a well-known zkrollup developer on the Ethereum blockchain, announced a partnership with the crypto developer platform Alchemy. This news brings new features to the crypto ecosystem, expanding the connections of the layer-2 with the rest of the web3 world. Meanwhile, a former zkSync engineer has decided to launch his own project Sophone, a hyperchain focused on the entertainment sector, inaugurating the sale of a series of validator nodes. Let’s see all the details below. Ethereum’s zkRollup solution lands on the web3 development platform Alchemy: progress for the zkSync crypto ecosystem Former zkSync developer creates his own hyperchain Sophon:…

BlockchainMay 4

Bitcoin builder explains what is Runes

Runes are a new narrative within the crypto ecosystem that leverages the Bitcoin (BTC) blockchain infrastructure. This new sector reached $346 million in total market cap in less than a week, according to data aggregator RunesMarketCap. However, as it happens with many new concepts in crypto, many investors aren’t familiar with Runes yet. Bitcoin infrastructure Bitcoin Virtual Machine (BVM) member who identifies himself as Punk 686 explained to Crypto Briefing that Runes is a new fungible token standard for Bitcoin’s ecosystem created by Casey Rodarmor, the developer behind the Ordinals Protocol. “Those who missed BRC-20 last summer are searching for…

BitcoinMay 4

Outlier Ventures Teams Up with Celo and Defactor for RWA Base Camp Accelerator

Outlier Ventures, the global leader in Web3 Acceleration, is proud to announce its strategic partnership with two industry powerhouses, the Celo ecosystem and Defactor, to support the Real World Assets (RWA) Base Camp accelerator program. This collaboration underscores the commitment to driving innovation in tokenized real-world assets (RWA) and empowering startups in this transformative space. — The RWA Base Camp, in collaboration with the Celo ecosystem, will provide tailored support to startups building the infrastructure, applications, and products necessary for mainstream adoption of tokenized real-world assets across various industries. The 12-week virtual accelerator program will offer workshops, mentorship sessions, and…

RegulationMay 4

2,000,000,000,000 Shiba Inu Withdrawn From KuCoin

A whale has withdrawn a staggering amount of Shiba Inu tokens from prominent crypto exchange KuCoin following an indictment from U.S. authorities. Data indexed by popular crypto tracking bot Whale Alert shows that 2,000,000,000,000 (2 trillion) Shiba Inu tokens worth $62.23 million, were withdrawn from KuCoin yesterday. According to the post, the funds were withdrawn to an unknown wallet from KuCoin. 🚨 🚨 🚨 2,000,000,000,000 #SHIB (62,232,000 USD) transferred from #Kucoin to unknown wallethttps://t.co/5mARFlvcou — Whale Alert (@whale_alert) March 27, 2024 This stirred a series of reactions, with some community members speculating that a whale entity might have moved the…

AltcoinsMay 4

McHenry slams Gensler for misleading Congress about Ethereum’s classification

House Financial Services Committee Chairman Patrick McHenry has accused SEC Chair Gary Gensler of misleading Congress concerning the classification of Ethereum during his testimony in April 2023. The accusation comes amid escalating tensions over the regulatory approach to digital assets in recent months, with some industry participants filing lawsuits against the watchdog for overstepping its authority. ‘Arbitrary and capricious’ In a statement released on April 30, McHenry highlighted that recent court documents suggest Gensler intentionally evaded questions from the committee about whether the SEC views ETH as a security. The allegations raise concerns about transparency and consistency at the SEC,…

LegalMay 4

ZettaBlock announces the addition of blockchain data

This key decision underlines ZettaBlock’s commitment to providing developers and business organizations access to diversified blockchain data. It is an elegant addition to the Sui Ecosystem technology transformation. The Sui blockchain became a topic of discussion due to innovative data and asset-themed architecture. The smart feature of the Sui ecosystem is that it empowers Web3 applications in an unimaginative style. ZettaBlock is armed with a mission of accelerating innovation within this rapidly transforming system. Developers and business establishments can integrate Sui data into their applications, data warehouses, and analytics systems. According to a top-level executive of ZettaBlock, the new step…

BlockchainMay 4

FED Interest Rate Decision Released – Here is the Decision and Bitcoin’s First Reaction

The Fed decided to leave the interest rate steady. The expectation was that interest rates would be kept constant. Here is Bitcoin's first reaction after the decision: Now all eyes are on FED President Jerome Powell. Powell is expected to make a speech at 21:30 GMT after the FED's third meeting of the year. You can follow all the details of this speech live on Bitcoinsistemi.com. At the close of the two-day meeting that started on Tuesday, the FED was expected to keep the short-term interest rate unchanged between 5.25% and 5.5%, the highest level in 23 years. FED officials…

RegulationMay 4

Dogecoin Jumps 10% to Clear $0.20 for First Time Since 2021

Dog-themed meme crypto Dogecoin has surged by 10% in the past day, reclaiming $0.20 for the first time since December 2021. Dogecoin is currently priced at $0.2038, up 10.8% on the day and 34.6% on the week, per data from CoinGecko. The cryptocurrency last hit $0.20 on December 4, 2021, according to the crypto price tracker. It remains a far cry from its all-time high price of $0.73, posted in May of that year at the height of the crypto bull market. FULFILL THE PROPHECY #DOGE pic.twitter.com/J3fweq2hKH — Crypto Thies (@kingthies) March 25, 2024 The meme coin's price bump comes…

AltcoinsMay 4

Web3 Publishing Platform Mirror Sells to Paragraph, Pivots to Social App 'Kiosk'

Web3 publishing app Mirror is being acquired by Paragraph, a competing platform. Mirror's team will continue to operate independently and will shift its focus to developing "Kiosk," a Web3 social app based on Farcaster that blends blockchain and e-commerce. Mirror and Paragraph will eventually merge into a single, unified product suite according to Paragraph's founder. Paragraph, the company behind a suite of blockchain-based publishing tools, has acquired Mirror, its biggest competitor in the Web3 creator space. The Mirror team will continue to operate as a separate company but is pivoting to focus exclusively on Web3 social media. The team's main…

BlockchainMay 4