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.

Argentina Lawmaker Unveils Draft Worldcoin Regulation Bill

An Argentinian lawmaker has launched a draft bill that proposes regulating Worldcoin and its operator in the Latin American nation. The move comes just days after Worldcoin announced a planned expansion in Mexico. Some Mexican lawmakers have also called for a probe into operator Tools for Humanity. Argentina Lawmaker: We Must Protect Consumer Rights Per the official news outlet of the Buenos Aires assembly, the new bill is the brainchild of Buenos Aires parliament member Carlos Puglelli. The MP, and others, have claimed it is “unclear” what Worldcoin does with the biometric data it collects using its iris-scanning drives. Puglelli’s…

LegalMay 3

Turbos Finance pioneers new liquidity strategies for Sui

Turbos Finance, a decentralized exchange (DEX), has unveiled two market-first liquidity strategies within the Sui (SUI) ecosystem, according to the information shared with Finbold on May 2. The new strategies aim to revolutionize automated liquidity management and simplify liquidity provision. Turbos Finance’s liquidity strategies The first strategy is a network-centric automated liquidity management vault for CLMM positions on the Turbos DEX within the Sui network. The second is an innovative Auto-swap capability combined with Dollar-Cost Averaging (DCA) strategies meant to simplify liquidity provision. With these automated rebalance vaults, liquidity providers (LPs) can increase their returns with less effort. On the…

DeFiMay 3

AI predicts Ethereum price for May 31, 2024

As the larger part of the cryptocurrency market begins to recover from the recent bearish hiccup, Ethereum (ETH) is no exception, but artificial intelligence (AI) algorithms currently do not see this recovery as a bullish sign for the crypto asset in the next several weeks. Indeed, the second-largest crypto asset by market capitalization is slowly pushing back up toward retaking the $3,000 level it had lost earlier this week after nearly two months of trading above it, following the most active day on its network for at least one year, according to the most recent charts. Ethereum price prediction May…

EthereumMay 3

SBF Meme Coins Pump 300x, Then Crash After Sentencing

If the 25 year prison sentence announced today for disgraced FTX founder Sam Bankman-Fried came as a shock to any, here’s a related development that will surely surprise no one: Degens churned up multiple meme coins to piggyback on the news, which in some cases surged over 30,000% in value before plummeting back to worthlessness. On Ethereum scaling network Base, some intrepid crypto user created a meme coin called "Sam Baseman Fraud" around 6:00 am ET, hours before Bankman-Fried’s sentencing hearing was set to begin. By 1 pm, just after the hearing concluded, the token (FTX) had spiked nearly 35,000%…

AltcoinsMay 3

CZ’s Trial Proves it Pays to Cooperate

A contrite Changpeng “CZ” Zhao has been sentenced to four months in federal prison, for his apparently limited role in the illegal activity at Binance, the crypto exchange he founded in 2017. U.S. District Judge Richard Jones in Seattle specifically noted CZ’s many contributions to charity, as well as willingness to accept responsibility, all while downplaying the idea CZ had any foreknowledge that Binance was intentionally committing crimes. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. The sentence…

LegalMay 3

This Bitcoin Metric Foreshadowed Recent Price Drops, Quant Reveals

A quant has pointed out how a Bitcoin metric may have detected selling pressure in the market, and therefore, the subsequent price drops, in advance. Bitcoin CDD Registered Spikes Before Recent Price Plunges In a new post on X, an analyst has discussed about how the Coin Days Destroyed (CDD) on-chain indicator may be used to identify selling pressure in the market early. A “coin day” refers to the quantity that 1 BTC accumulates after staying still on the blockchain for 1 day. When a token stays dormant for a while, it naturally accumulates some number of coin days, and…

BitcoinMay 3

Ethereum (ETH) Price Takes Hit as Major Holder Allegedly Cashes Out

The cryptocurrency market witnessed a significant downturn this week as Ethereum (ETH) faced a substantial drop of over 9.6% since the week began, marking its lowest values since mid-February. Currently priced at $2,950 per ETH, Tuesday saw the bulk of this decline, culminating in a weekly low of $2,817. Amid this turbulence, attention has been drawn to a suspected Ethereum Foundation address, "0xd7," which reportedly sold 100 ETH for 291,267 DAI via the Cow Protocol today. This transaction was followed by a transfer of the acquired DAI to another Ethereum Foundation address, "0x9e." Notably, this suspected Ethereum Foundation address has…

EthereumMay 3

USDT Transaction Volume Soars on TRON DAO, Hits 2 Million Daily

There has been a remarkable surge in USDT transactions within the TRON ecosystem via TronDAO, showing a substantial increase since early February, now averaging over two million transactions daily. According to the latest data compiled by IntotheBlock, the surge brings the transaction volume close to the peak observed in January 2023. USDT Transaction Volume Soars on TRON DAO For the uninitiated, TRON DAO is a decentralized autonomous organization connected to a blockchain ecosystem. USDT, complying with the TRC-20 token standard on TRON, allows transfers using various non-custodial wallets like TronLink, Trust Wallet, and MetaMask. TRON’s popularity for stablecoin transfers, particularly…

AltcoinsMay 3

UK FCA Dedicated 30% of Financial Crime Personnel to Monitor Crypto Companies in 2023

The UK’s financial watchdog dedicated nearly a third (30%) of its financial crime specialists to overseeing crypto asset businesses in 2023, according to a report released on May 1. The Financial Conduct Authority (FCA) said it conducted risk assessments across various sectors and identified retail banking, wholesale banking, wealth management, and crypto-asset firms as especially susceptible to financial crime in 2023. These sectors were deemed the most at risk of being misused for money laundering activities. In its fight against financial crime, the FCA’s team of specialists conducted a significant number of reviews. This included 231 in-depth analyses (desk-based reviews)…

LegalMay 3

Can Whales Drive ETH above $3.1k?

Ethereum price dipped below the $3,000 mark on Tuesday May 2, 2024 after bulls failed to build on the 9% weekend rebound that saw ETH soar as high as $3,300 on April 28, but recent whale activity offers a glimmer of hope. Ethereum Price Surrenders Weekend Gains after Fed Rate Announcement Ethereum price showed early recovery signs last weekend, as the bulls engineered a 9% recovery between April 27 and April 30. But with the bulls failing to sustain the weekend demand surge, ETH bears swiftly returned to the driving seat, forcing a 14% downswing in the last 48 hours,…

EthereumMay 3