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.

Binance Founder CZ Could Be Sentenced to Years in Prison Tomorrow

Changpeng Zhao, the founder of crypto giant Binance, is set to be sentenced on Tuesday, potentially facing years in prison. Last week, the US Department of Justice requested 36 months behind bars for the former Binance boss. In its sentencing memo, the DOJ stressed that "breaking U.S. law was critical to the company’s success and profitability." The prosecutors state that his violation of the law was "no accident or oversight." "Zhao bet that he would not get caught, and that if he did, the consequences would not be as serious as the crime. But Zhao was caught, and now the…

RegulationApr 30

Bitcoin Rollups Could Boost Transaction Speeds 10X, Devs Claim

A team of crypto developers has published a detailed plan to enable transaction rollups on Bitcoin, a common practice in crypto that was deemed impossible on the grandfather blockchain. Rollups are a decentralized system for bundling crypto transactions off-chain before settling them together on-chain in more target="_blank">scaling solution for Ethereum. The creators of the proposed Bitcoin framework say rollups will deliver more than increased capacity. “They bring full Turing complete functionality to Bitcoin,” said Edan Yago, a co-author of the Bitcoin rollup framework BitSNARK and Grail, in a message to Decrypt. Turing completeness would mean Bitcoin can use smart contracts,…

BitcoinApr 30

Franklin Templeton integrates P2P functionality for its on-chain government securities fund

Franklin Templeton, the company that manages over $1.6 trillion in assets, announced this week that shareholders of the Franklin OnChain US Government Money Fund (FOBXX) can now transfer shares directly to one another using the public blockchain. The FOBXX fund, launched in 2021, is a pioneer in utilizing blockchain technology for transaction processing and share ownership recording. The fund initially employed the Stellar blockchain network through a proprietary system for these transactions. Since last April, it’s been additionally supported on the Polygon blockchain. Each share of the Fund is equivalent to one BENJI token, with the transfer agent keeping the…

MarketsApr 30

Shiba Inu (SHIB) Loses Steam as Whale Offloads 500 Billion Tokens

Shiba Inu (SHIB), a popular meme coin, appears to witness a significant downturn in investor confidence. This comes after a single entity, speculated to be controlled by one person across 11 wallets, offloaded a massive amount of 533.6 billion SHIB tokens. The sale, amounting to $15.99 million in DAI, a stablecoin pegged to the U.S. dollar, occurred approximately 24 hours ago. This transaction was highlighted by Spot On Chain, a blockchain analytics firm, which noted the substantial profit of $8.24 million, or a 106% gain, realized by the seller in less than a month. While this is a major sell-off…

AltcoinsApr 30

South Koreans Warned to Declare Overseas Crypto Exchange Holdings

South Korean crypto holders were warned to declare their overseas crypto exchange holdings – or face a potential “tax bombshell.” The cautionary words came from Kim Dae-kyung, a tax accountant at the Hana Bank Asset Management group’s Asset Management Consulting Center. Kim published the warning in an article for the media outlet Money S. South Koreans Warned: Declare or Face Consequences Crypto trading profits are not subject to any form of taxation in South Korea, provided this trading is done on domestic platforms. As of next year, that is slated to change. A new law will require traders to file…

RegulationApr 30

Web3 gaming startup GFAL raises $3.2 million from Supercell, Mitch Lasky

Web3 gaming startup GFAL has closed a $3.2 million seed funding round with investors including Supercell and Mitch Lasky. This builds on $4.4 million GFAL raised in 2023 from token presales. According to the announcement, the funding will expand GFAL’s team and accelerate production plans, building on the soft launch of the mobile game Elemental Raiders in March 2023. “We are incredibly grateful for the confidence that Supercell, Mitch, and Heinrich have placed in GFAL,” said Manel Sort, CEO of GFAL. “Working on a project alongside Trip and Ilkka, with whom I shared many thrilling and successful years at Digital…

GameFiApr 30

OKX Jumpstart Introduces RUNECOIN Mining By BTC Staking

OKX Jumpstart, a leading centralized exchange (CEX), has recently introduced RUNECOIN (RSIC•GENESIS•RUNE) on the platform. As per the official announcement dated April 29, 2024, OKX Jumpstart will commence RUNECOIN mining at 7.00 a.m. on the same day by staking Bitcoin. In an X post, Runecoin has also revealed its collaboration with OKC Jumpstart. The platform acknowledged it as a milestone for the community and “a significant step forward for the entire Runes ecosystem.” In addition, they added, “It opens the door for high-volume trading with low fees, fast execution, a smooth user experience, and a broad reach to global users.”…

ExchangesApr 30

Venezuela to Leverage USDT for Sidestepping Sanctions, Chivo Wallet Disregards Hacking Allegations

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuelan oil company PDVSA could use USDT to sidestep U.S. sanctions, Chivo Wallet denies hacking allegations, and Nubank expands its crypto functionality in Brazil. Venezuela Might Use USDT for Sidestepping Sanctions Venezuela is preparing to increase the reliance of one of its main industries on crypto and stablecoins payments. According to reports received by Reuters from three undetermined sources linked to PDVSA, the Venezuelan state-owned oil company, the government would be prepared to increase the amount of payments…

MarketsApr 30

Top Meme Coins WIF, PEPE, FLOKI Outperformed Market in 24 Hours

Amid the pale performance of major "serious" segments, large-cap meme coins are surging again. One mid-sized meme crypto on the Base blockchain quadrupled in the last seven days. Top meme coins amid best performers: WIF, PEPE, FLOKI back to surging Amid the 100 largest cryptocurrencies by market capitalization, two meme coins managed to jump into the 10 best performers ranking. While the new ETFs triggered this crypto rally, memecoins like 'dogwifhat' are stealing the spotlight from Bitcoin https://t.co/A0ak1fTDWU — Bloomberg Markets (@markets) March 29, 2024 Last week, Bloomberg indicated a "comeback" of absurd cryptocurrency assets, commenting on the next phase…

AltcoinsApr 30

Avalanche Hoops Game ‘Rumble Kong League’ Nets Gatorade Deal

Rumble Kong League, an upcoming NFT-driven basketball game built on the Avalanche blockchain, announced a collaboration with leading sports drink brand Gatorade on Monday. The deal makes Gatorade the official sports drink partner of the Rumble Kong League brand, and will be represented through various in-game integrations in the upcoming title. Gatorade parent company PepsiCo confirmed the collaboration to Decrypt’s GG, and the official Gatorade brand account on Twitter also retweeted the announcement. Gatorade’s integration will begin with the addition of the “G-Machine,” a vending machine that lets players unlock digital collectibles—including wearable items—using G-Coins earned for completing quests. The…

GameFiApr 30