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.

Key Cardano Contributor Exposes ADA's Achilles Heel

Rick McCracken, significant voice within the Cardano (ADA) community, recently shed light on a concerning issue plaguing the cryptocurrency: its lackluster popularity compared to competitors. McCracken, an avid supporter of ADA, pointed out that despite Cardano's groundbreaking innovation in liquid staking, it continues to lag behind Ethereum in terms of adoption and recognition. The crux of the argument revolves around Cardano's faltering marketing strategy, which the contributor believes has failed to resonate with the broader blockchain industry and media. Despite Cardano's prowess in engineering and research, its marketing efforts have been deemed ineffective, with macro metrics indicating stagnant or declining…

AltcoinsApr 30

Why the DOJ May Have Recommended a Three-Year Sentence for CZ

While Binance founder Changpeng “CZ” Zhao’s plea agreement said he couldn’t appeal any sentence over 18 months, there were no clauses preventing U.S. prosecutors from recommending a greater sentence. Zhao is set to be sentenced on April 30, after his November 2023 guilty plea to violating the Bank Secrecy Act. Former Binance CEO Changpeng “CZ” Zhao now faces the genuine possibility of spending three years in U.S. federal prison – well above the possible 18 months laid out in his plea agreement. Zhao’s sentencing hearing will take place on Tuesday, giving both the U.S. Department of Justice (DOJ) and his…

RegulationApr 30

Mark Long on the Future of Web3 Gaming

Web3 games have a shaky track record. It’s easy to see the appeal: There are literally billions of people playing games, and most of them do it for free. They spend countless hours — and often their own cash — to create content that grows the ecosystem, and they get nothing while the gaming companies get everything. Web3 games, in theory, give power (and equity) to the players. Or, that was the pitch in the last bull cycle, when Web3 games like Axie Infinity seemed to create new economies and even lift players from poverty. Then prices tumbled, games crumbled.…

GameFiApr 30

Vietnam’s academy to train 1 million residents on blockchain and AI

Keen to occupy a leading position in emerging technologies, civil societies in Vietnam have launched the Vietnam Academy of Blockchain and AI Innovation (ABAII) to quicken the pace of digitization. According to a local news report, ABAII will contribute its quota to transform Vietnam’s digital economy amid a wave of foreign investments and government initiatives. ABAII debuted at an annual blockchain and AI forum in Hanoi, with participants tipping the project as the “big leap” for the ecosystem. Details from the launch reveal ABAII’s ambitious goal of training one million Vietnamese residents in AI and blockchain before the end of…

BlockchainApr 30

New mix of bitcoin buyers bode well for ecosystem: Franklin Templeton exec

Franklin Templeton’s crypto-focused research director remains optimistic about the future of the space despite recent outflows from bitcoin ETFs. In an interview with Blockworks, Christopher Jensen highlighted the emergence of new buyer types as a positive indicator for long-term growth. Jensen also said the recent Bitcoin halving exposed gaps in clients’ understanding of cryptocurrency. He emphasized Franklin Templeton’s commitment to bridging these educational shortfalls, aiming to increase client knowledge and engagement in Web3. This need for education comes at what could prove a critical time for the US bitcoin ETF market. The US boasts 11 spot bitcoin ETF funds, which…

BitcoinApr 30

CZ Sentencing Letters Paint Former Binance CEO as Devoted Family Man, Friend

Letters of support for Binance co-founder CZ have poured into a Washington court requesting leniency in his sentencing tomorrow. Zhao's lawyers have requested their client be sentenced to probation only, but prosecutors are asking the judge to send him to prison for three years. Violating the Bank Secrecy Act (BSA), which Zhao pleaded guilty to last November, is usually punished by probation-only sentences More than 160 of Changpeng “CZ” Zhao’s loved ones, friends and colleagues have written to a Washington judge ahead of the Binance founder and former CEO’s sentencing tomorrow, asking for leniency and painting a picture of Zhao…

RegulationApr 30

New Russian Law Will Legalize Industrial Crypto Miners, Limit Private Mining

Russian lawmakers are poised to legalize the nation’s burgeoning industrial crypto mining sector, but could impose strict limits on home-based “private” miners. Per the media outlets Finam and RBC, Deputy Chairman of the State Duma Committee on Information Policy Anton Gorelkin confirmed that the State Duma will debate a new mining law in the current session. Russian Law to Change Nation’s Crypto Mining Sector? It appears that the mining bill will be bundled with proposed crypto regulation that would effectively ban crypto exchanges from operating in Russia. Certain exceptions will be made for companies operating in a Central Bank-supervised sandbox.…

MiningApr 30

RWA Inc. and Plume Network Collaborate to Transform the Tokenization Sector

RWA Inc., a bridge between Web3 and real-world assets, has recently commenced a new partnership. As per the announcement, the platform has collaborated with Plume Network, the prominent modular layer-2 for real-world assets, to improve functionality and scalability. As a result of this development, the real-world assets on the platform will see enhanced operations to facilitate the community. 📢Partnership News@RWA_inc_ announces exciting new partnership with leading L2 ecosystem @plumenetwork This partnership improves the scalability and functionality of the #RWA community L2 networks help reduce congestion and add functionality to #blockchains. Integrating… pic.twitter.com/7YArFRzjJP — RWA Inc. (@RWA_Inc_) April 29, 2024 RWA…

BlockchainApr 30

Mysterious 2010 Bitcoin Whale Launches Bitcoin-Only Market-Making Certificate

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Introduction: The Bitcoin Volatility Premium AMC, an innovative investment product, has quickly become the largest actively managed bitcoin-only financial product in Europe and the second largest globally. Despite this achievement, to date this bitcoin-only AMC has flown under the radar and has received no media coverage to date until now. What makes this investment product offering particularly interesting is its dramatic…

BitcoinApr 30

Stablecoin Legislation Must Respect the Dual-Banking System

Long before Bitcoin, Ethereum, or DAOs, the U.S. banking industry had its own form of decentralized governance: the dual-banking system. Under this system, banks can be chartered and, with some important caveats, supervised at either the state or the federal level. When U.S. Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced their stablecoin regulation bill on April 17, the legislators emphasized that the bill seeks to “preserve our dual banking system.” But while the senators deserve credit for pursuing this goal, the Lummis-Gillibrand stablecoin bill falls short by subordinating state regulation to federal control. Jack Solowey is a Policy…

RegulationApr 30