Making sense of crypto.
NBTCNEWS
Home»Author: NBTC(Page 8415)

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.

Vitalik Buterin Reminds Everyone About Main Goal of Crypto

Ethereum co-founder Vitalik Buterin reminded us that crypto is not about trading digital assets, it is about liberty and decentralization. His statement raises crucial questions about the role of cryptocurrencies in fostering freedom and privacy in the face of global surveillance concerns. Buterin's assertion underlines a disconcerting trend where individual rights can potentially be compromised by expansive surveillance measures. The fear that governmental powers could misuse such capabilities to monitor adversaries or the public is not unfounded. The ethos of crypto was birthed as a countermeasure to such centralizations of power, aiming to distribute control back to individuals. However, the…

Ethereum

LUNC price loses 5% as lawyers of Terraform Labs, Do Kwon set to deliver final remarks in civil fraud trial

Terraform Labs and founder Do Kwon’s lawyers will make final arguments to a jury on Friday. The SEC seeks civil penalties and asked for a ban on Do Kwon and Terraform Labs from the US securities industry. Terra Classic LUNC price is down nearly 5%. Terra Classic (LUNC) price is down on Friday as lawyers that represent Terraform Labs and founder Do Kwon work on final arguments for a civil lawsuit. The SEC alleges that the firm and founder Kwon misled investors about the stability of their stablecoin TerraUSD and brought fraud charges against the firm. The final arguments will…

Altcoins

'Final Fantasy' Maker Square Enix Teams With Animoca for Ethereum NFT Game

Square Enix, the video game giant behind the Final Fantasy and Kingdom Hearts franchises, announced Monday that it has signed a collaboration agreement with prominent metaverse investment firm and crypto game publisher Animoca Brands. The firms will work together to expand the game publisher’s Ethereum NFT game Symbiogenesis to a broader global audience. Specifically, Animoca’s newly established subsidiary, Animoca Brands Japan, will work with Square Enix on combined marketing efforts, including collaborations with some of the 400+ projects in Animoca’s portfolio. Launched in December, Symbiogenesis is a narrative adventure game built around 10,000 Ethereum NFT characters, as well as many…

GameFi

Ethereum ETF Not Happening in May, Top Analyst Claims

Nate Geraci, president of the ETF Store, has noted that the general consensus is that the U.S. Securities and Exchange Commission is not going to approve spot Ethereum exchange-traded funds (ETFs) this May. This is due to the lack of engagement with issuers over the past few weeks. Earlier this month, Barron's reported that discussions about spot ETFs have been "very one-sided." This is very different from the constant "back-and-forth" that was observed on the cusp of the approval of multiple Bitcoin ETFs. The SEC was not willing to offer any feedback about Ethereum ETFs, meaning that their approval is…

Ethereum

Pendle price rises, announces new liquid restaking tokens on Arbitrum

Pendle revealed the introduction of two new Liquid Restaking Tokens on the Arbitrum network has boosted PENDLE’s price. The expansion has led to a notable surge in Pendle’s market activity, with its value climbing 9.5% to $5.75. The addition of these assets aims to diversify the options available to users for yield farming and liquidity provision, potentially enhancing the protocol’s appeal and utility within the decentralized finance (defi) landscape. Pendle, established in July 2021 by a team led by developers Tong and Josh, has carved a niche by facilitating trading, yield farming, and liquidity provision of tokenized yield assets. Through…

Altcoins

Ban in Surprise Country – China Makes Statement

The Chinese Embassy reminded that Angola's “Law on the Prohibition of Cryptocurrency and Other Virtual Asset Mining” has officially entered into force. This law declares cryptocurrency mining in the African country a criminal activity punishable by imprisonment ranging from 1 to 12 years. Angola, Africa's third-largest oil producer and once China's largest supplier of crude oil, has seen an influx of Chinese miners mining Bitcoin. However, the new law imposes strict penalties for those who engage in such activities. The law stipulates that possession of information, communications and infrastructure equipment used for virtual currency “mining” activities will result in a…

Regulation

SEC Orders First Trust-SkyBridge to Declare its Bitcoin ETF Application Abandoned

First Trust and SkyBridge initially filed for a bitcoin ETF in March 2021. The application was unsuccessful, and the two firms did not re-apply for the ETF. First Trust Advisors and SkyBridge Capital, the hedge fund run by Trump-era White House Communications Director and digital assets investor Anthony Scaramucci, have been ordered by the Securities and Exchange Commission (SEC) to mark their bitcoin (BTC) ETF application as abandoned. In a notice published on Wednesday, the SEC said that the registration statement must be declared abandoned because the First Trust SkyBridge Bitcoin ETF failed to respond to prior communications from the…

Bitcoin

Ethereum Price Hints At Potential Fresh Rally, Buy The Dip?

Ethereum price is moving higher above the $3,120 resistance zone. ETH could start a fresh rally if it clears the $3,280 resistance zone. Ethereum is recovering higher and approaching the $3,280 resistance zone. The price is trading above $3,100 and the 100-hourly Simple Moving Average. There was a break above two connecting bearish trend lines with resistance at $3,070 and $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it closes above the $3,250 zone. Ethereum Price Regains Strength Ethereum price formed a base above the $2,850 level and started a…

Ethereum

Cardano (ADA) Reaches Major Milestone With 88.6 Million Transactions

IOHK, the driving force behind Cardano (ADA), has announced a notable milestone in the project's advancement with the completion of 88.6 million transactions. This achievement underscores Cardano's growing influence and resilience in the blockchain area. The recent update highlights substantial enhancements across various domains, indicating commitment to continuous development. Noteworthy improvements include modifications to enhance cross-era behavior, particularly in the LocalTxMonitor and HasTx functionalities. Preparations for node release v.8.10 are progressing steadily, with integrated changes across consensus, Ledger and networking components. This meticulous approach underscores Cardano's dedication to ensuring a robust infrastructure. Additionally, the release of Lace v.1.9 by the…

Altcoins

Vitalik Buterin Opposes US Surveillance Bill, Affirms The Role of Cryptocurrency in Upholding Freedom

Vitalik Buterin, the co-founder of Ethereum, has recently voiced against the reauthorization of a US surveillance bill. The well-known entrepreneur took to his official account to support the protest against the recent reauthorization of a chief surveillance authority with Section 702. The Ethereum co-founder asserted that dissimilar to conventional finance cryptocurrency protects the freedom of the users. This is bad. Crypto is not just about trading tokens, it's part of a broader ethos of protecting freedom and privacy and keeping power in the hands of the little guy. And these values unfortunately continue to be under attack, globally. https://t.co/iFM932IBP6 —…

Regulation