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Author: 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.

Central Banks Continue to Accumulate Gold at Historic Rates

Amid global uncertainty, gold is regaining its reputation as a reliable safe haven for investors, with central banks around the world deviating from historical norms by actively hoarding the precious metal. China has emerged as an important player in this trend, recording a historic acquisition of 290 tonnes of gold in 2022 alone, following a surge of over 225 tonnes the previous year. This sequence corresponds to a 17-month period of increases in China’s gold reserves. Central banks are STOCKING UP on gold: Since 2022, China has bought a record ~290 tonnes of gold. Last year alone, China acquired more…

Markets

Solana meme coin pre-sale ends up in a fiasco for investors

A meme coin pre-sale on Solana (SOL) had a bad outcome for investors this weekend. After raising over $40 million in SOL to deploy its BOBAOPPA token, the notorious figure Machi Big Brother staked around 170,000 SOL and allocated just 50,000 SOL to the meme coin liquidity pool. As a result, the BOBAOPPA price quickly crashed by almost 50% and sits at a 40% loss at the time of writing. The crypto community went to X to vent their frustrations about the price crash and, more importantly, that Machi Big Brother kept most of the funds raised in the pre-sale.…

Altcoins

FTX Co-Founder Sam Bankman-Fried’s Civil Liability Released In Settlement With Investors

According to a recent Bloomberg report, a group of investors and customers of cryptocurrency exchange FTX have agreed to drop their claims against co-founder Sam Bankman-Fried. In exchange, Bankman-Fried has agreed to cooperate with the plaintiffs in the ongoing lawsuits against other defendants related to the collapse of FTX. Sam Bankman-Fried And Insiders Settle Per the report, if approved by a judge, this agreement would release Bankman-Fried from civil liability just weeks after being sentenced to 25 years in prison for fraud stemming from allegations of stealing billions of dollars from FTX. The settlement, filed in federal court in Miami,…

Regulation

Celsius Loan Creditors Consider Appeal Against Restructuring Plan Over Alleged Unfair Treatment

Celsius loan creditors are unhappy with the restructuring plan proposed by the bankrupt cryptocurrency lender Celsius (CEL), expressing concerns over its fairness and consideration of their claims. According to reports, these creditors believe the restructuring plan disproportionately favors some creditors over others, potentially leading to lower recoveries for loan service users. Objections to the Restructuring Plan The creditors are reportedly considering filing an appeal against the current plan due to perceived unfair treatment. They argue that the court’s decision to allocate $225 million of funds for company capital rather than repaying bonds is unjust, pointing out discrepancies in the recovery…

Markets

Weight addition by Litecoin Futures

Litecoin Futures could go live for trade as early as April 1, 2024. They will represent 5 Litecoin, with Coinbase reserving 10,000 LC futures to its name. This translates to 50,000 LTC with a nominal value of $1.02 billion. Litecoin takes its inspiration from Bitcoin. Analysts have stated that it is in the market primarily to complement Bitcoin. Early statements have also emerged wherein the team specifically said that nothing good about BTC would be changed or modified in Litecoin. PoW, for one, has been retained. It highlights the fact that Litecoin also comes with practical daily use. It has…

Altcoins

Unlimit Jumps into Indian Payments Arena, Clinches RBI Approval

Unlimit, a global fintech company, has announced its entry into the Indian market, accompanied by the receipt of its Reserve Bank of India (RBI) Online Payment Aggregator license. This development grants Unlimit authorization to operate as a payment service provider in the region. With this license, Unlimit is set to offer a range of payment services and methods, aimed at assisting local businesses in expanding their reach to a broader audience. The timing of Unlimit's entry into the Indian market coincides with substantial growth in digital commerce within the country. According to projections from Statista, digital commerce is anticipated to…

Regulation

Bitcoin-Linked Stablecoin Firm OpenDelta Raises $2.5M

Bitcoin-centric stablecoin company OpenDelta raised $2.15 million in a pre-seed round led by 6th Man Ventures, CEO Konstantin Wünscher told CoinDesk. “We want to use bitcoin to create stable value in a fiat-denominated currency," Wünscher said in an interview. OpenDelta will plant itself in the newest greenfield for decentralized finance (DeFi) atop the newest trend in Bitcoin, Runes. During the Bitcoin halving on April 19, developer Casey Rodarmor created Runes, a way for people to etch fungible tokens onto satoshis, the smallest unit of bitcoin (BTC). The DeFi-enabling novelty has since exploded into a behemoth for Bitcoin transactions, per a…

Markets

National Chung Hsing University Pioneers Enhanced Data Security in Industrial Environments

IOTA’s Tangle technology is gaining more recognition as a secure and scalable decentralized infrastructure. Tangle is deployable in a diverse number of industries including logistics and IoT. As data security in industrial systems becomes increasingly important, IOTA’s Tangle has found itself at the forefront of this innovation following recent research conducted by the National Chung Hsing University in Taiwan. Utilizing IOTA’s Tangle in Industrial Systems The blockchain sector has matured in recent years, with advances in alternatives such as IOTA’s Tangle. Blockchain developers have placed a greater emphasis on implementing decentralization on a larger scale to ensure fair and transparent…

Altcoins

Stablecoin Bill Could be Ready for the U.S. House Soon Says Top Democrat Maxine Waters: Bloomberg

The top Democrat on the U.S. House Financial Services Committee has told Bloomberg that a stablecoin bill could be ready soon. The latest development strengthens hopes that the U.S. can get a new stablecoin law this year, before the elections, considered a longshot at the start of the year. U.S. House Representative Maxine Waters (D-California) indicated that the final version of the stablecoin bill could be ready soon. "We are on our way to getting a stablecoin bill in the short run,” the top Democrat on the House Financial Services Committee told Bloomberg on Wednesday. Waters has previously called a…

Regulation

BREAKING! Leading Inflation Data Followed by FED Has Been Announced! Here is the Reaction of Bitcoin and Dollar!

While Bitcoin has exhibited sharp movements recently, it fell to the level of $ 62,800 in yesterday's decline. While BTC rose above $64,000 again, data on Personal Consumption Expenditures (PCE), which is closely followed by the FED when making interest rate increase decisions and is considered a leading inflation indicator, was announced. Accordingly, all data announced on personal consumption expenditures in March are as follows: Core Personal Consumption Expenditures Price Index (Annual) Announced 2.8% – Expected 2.6% – Previous 2.8% Core Personal Consumption Expenditures Price List (Monthly) Announced 0.3% – Expected 0.3% – Previous 0.3% Personal Consumption Expenditures Price Index…

Markets