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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.

The FTC’s Non-Compete Ban Is Good for the Crypto Industry

When I read about the U.S. Federal Trade Commission’s new rule banning non-compete agreements, I was reminded of when I left a blockchain startup a few years ago to join another early-venture company. My old employer sent me a cease-and-desist letter stating that I had breached a non-compete clause in my old employment contract. There was little legal merit to their arguments. The non-compete clause was overly-broad and would probably have been unenforceable in court. The companies’ markets and products were distinctly different, and I was not a software engineer but a lawyer – a profession that is generally not…

Regulation

Has the $100,000 Door Opened in Bitcoin? Here is the Option Data

Bitcoin is once again on the agenda. Predictions that BTC will reach $ 100,000 are now being taken seriously in the options market. On Friday, Bitcoin rose above $70,000, an all-time high, marking a stunning 70% increase in just seven weeks. This increase in value made the $100,000 estimate possible. The options market saw a significant increase in open interest, which represents the number of contracts outstanding for call options with a strike price of $80,000 and $100,000. According to data compiled by Amberdata, there has been a jump of approximately 12% in the last 24 hours for these two…

Bitcoin

Wormhole Airdrop on Solana Just Days Away as Exchanges Prep Listings

Cross-chain protocol Wormhole will launch its W governance token on Wednesday, with several cryptocurrency exchanges announcing plans to list the token shortly after the airdrop claim opens up to eligible users. Wormhole previously announced details for the W token airdrop, with more than 400,000 total wallets eligible to participate in the claim. In total, 617.3 million W tokens have been allocated for the initial community and ecosystem airdrop, which will reward early users on Solana, Ethereum, and other chains, along with various crypto communities. Late last week, Wormhole declared via a Twitter (aka X) post that April 3 will be…

Altcoins

A Further Crackdown On Bitcoin Mixing Services Will Hurt Human Rights Activists

Yesterday, the US Department of Justice (DOJ) charged Keonne Rodriguez and William Lonergan Hill, co-founders of Samourai Wallet, a privacy-focused bitcoin wallet that also serves as a mixer, with money laundering and operating an unlicensed money transmitting business. Many, including activists and human rights defenders, spoke out about the significance of this legal action soon after the news broke. A monumentally bad day for privacy on the internet The implications of this are so dire A real “before and after” moment https://t.co/ou6CgT9E0T — Alex Gladstein 🌋 ⚡ (@gladstein) April 24, 2024 Lyudmyla Kozlovska, President of the Open Dialogue Foundation, who…

Regulation

What Gold, Bitcoin, and S&P 500 new highs have in common

Gold, Bitcoin (BTC), and the S&P 500 peaked at new highs on March 8, quickly retracing to levels seen on the previous day. At the same time, the finance market‘s expectations for lower interest rates increase, creating a strong signal for investors. In a recent analysis, Bloomberg Intelligence’s Mike McGlone highlighted a crucial relationship between commodity prices, the S&P 500, and Federal Reserve rate-cut expectations amid potential recessionary warnings. Notably, McGlone’s findings point to a paradoxical situation where the cure for high commodity prices could inadvertently trigger economic downturns. Meanwhile, risk assets reaching new highs would lead to increased inflation…

Bitcoin

Shocking Statements About ETH From Former Ethereum Advisor! "It's All a Game!"

As it is known, the SEC is trying to qualify the largest altcoin Ethereum as a security. While these steps of the SEC drew the reaction of the entire cryptocurrency market, especially Ethereum, Consensys, a great supporter of Ethereum, filed a lawsuit against the SEC yesterday. In this case, Coinsensys asked the court to determine that ETH is not a security. While the Ethereum case filed by Consensys with the SEC continues to be talked about in the market, former Ethereum advisor Steven Nerayoff claimed that Ethereum is really a security in his post. Arguing that Ethereum has acted as…

Ethereum

Week in Review – March 25 – March 31

General Updates Neo Global Development Head of Ecosystem Growth John Wang joined a panel discussion at the WOW Summit World of Web3 conference in Hong Kong. Neo co-hosted a meetup with Web3 Labs Club in Seoul, South Korea, alongside the eight projects in the Web 3.0 Global Acceleration Program. The meetup was part of the 5-day Seoul Acceleration Tour, aimed at equipping teams with the knowledge and skills necessary for success in the blockchain space. Neo announced plans to make appearances at the Hong Kong Web3.0 Spring Summit and the Web3 Festival Hong Kong in April. The events will highlight…

Altcoins

Consensys Sues SEC Over ‘Unlawful Seizure Of Authority’ Over Ethereum

Ethereum developer Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission, striking back against what the company calls an “unlawful seizure of authority” over Ethereum by the federal regulator. The company wants a federal court to declare that ETH (ETH) is not a security, any investigation of ConsenSys based on the idea that ETH is a security "would violate" the company's fifth amendment rights and the Administrative Procedures Act, that MetaMask is not a broker under federal law, that MetaMask's staking service does not violate securities law and an injunction against the SEC investigating or bringing an…

Regulation

Analyst il Capo of Crypto Continues Bearish Messages Again After Record in Bitcoin

Cryptocurrency analyst known as il Capo of Crypto shared his views on the recent inflows into Bitcoin spot ETFs. While many consider BTC inflows into these funds to be bullish, il Capo of Crypto questions the extent of this optimism. These inflows represent capital entering the ETF, he says, but are not an increase in the funds' reserves. When ETF inflows occur, it means investors are buying more shares of the fund, which can lead the fund manager to buy more of the underlying assets (BTC) to fit the fund's investment strategy. However, if these assets have already been purchased,…

Bitcoin

Ethereum Price Range Continues And Bounces Off The $3,100 Support Level

The price of Ethereum (ETH) is bearish after bouncing off the 21-day SMA or resistance at $3,200. Price aa Long-term analysis of Ethereum price: bearish The largest altcoin was in an upward correction and rallied to the 21-day SMA or resistance at $3,200. The 50-day SMA would have also been the target of the upside momentum if the 21-day SMA barrier was breached. Ether crashed after the rejection at the moving average lines. The altcoin is currently trading at $3,132. On the downside, Ether is expected to fall to the current support of $2,908 or the psychological price of $3,000.…

Ethereum