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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.

“At That Time BTC Was Under $ 1”

In a recent interview, famous Bitcoin critic Peter Schiff admitted that he regretted not buying Bitcoin when he first learned about it. Schiff, an ardent critic of BTC, announced in 2010 that he considered investing in Bitcoin but ultimately declined. Schiff recalled a time when a colleague introduced him to Bitcoin and suggested he buy some. According to the analyst, the price of Bitcoin at that time was under one dollar. “I remember thinking about it. Yeah, I mean, I could throw $10,000 into it, or $50,000. I don't know. I thought about it and didn't do it,” Schiff said.…

Bitcoin

Tokenizing Real-World Assets Redefines Financial Inclusivity: A $16 Trillion Outlook

We are standing on the cusp of a new era when digital and traditional finance converge to create social and economic transformation. Where barriers to entry once stood, technological advancements are making it possible for anyone to access wealth-creation opportunities that were once the domain of the elite few. At the forefront of this transformation is the emergence of tokens, specifically those that represent real-world assets, such as stocks, bonds, real estate and others. By reimagining ownership and trading of assets, tokenization is unlocking doors to financial opportunities previously out of reach to many. This shift is not just altering…

Markets

Fetch AI Community Ratifies First Artificial Superintelligence (ASI) Alliance Proposal with AGIX and OCEAN

Just days after announcing the launch of the Artificial Superintelligence Alliance (ASI), the proposal for collaboration has received support from over 99% of the Fetch AI (FET) community. Fetch AI confirmed on X that this proposal is considered the largest governance proposal by number of participants on the Fetch network and was accepted by 99.8% of the community votes. A few days ago, artificial intelligence (AI) companies SingularityNET, Fetch AI and Ocean Protocol announced their decision to merge their respective AGIX, FET and OCEAN tokens into a single ASI token. The reason for the merger is to develop a centralized…

Altcoins

Cryptocurrency Scandal at DenizBank!

According to the news of DHA, a new scandal has emerged in Denizbank, which has tightened its inspections in the bank after the Seçil Erzan scandal. Accordingly, 205 million liras were stolen from customers' accounts in the incident that took place at the branch in Manavgat district of Antalya. Within the scope of this incident, 8 suspects, including branch manager Rahşan Eylem Bulut, deputy manager Utku Erdem and 2 bank personnel, were arrested, and it was claimed that the money taken from the customers' accounts was lost in the cryptocurrency exchange. As a result of the inspector's examination carried out…

Regulation

Mercuryo announces fiat-to-crypto on-ramp services for Tether on TON

Mercuryo, a global payments company, has partnered with TON to introduce fiat-to-crypto conversion services for USDT. The initiative began with integrating Tonkeeper, a self-custody wallet that supports transactions in Layer 1, The Open Network (TON), and other digital currencies. Aviessa Khoo, Executive Director at Mercuryo, Singapore, expressed satisfaction with the introduction of on-ramp services for Tether tokens (USDT) within the TON ecosystem. The services are designed to enable the on-ramp of fiat currency to USDT, streamlining transactions across the network. The integration extends to Wallet, a Telegram crypto wallet with over 900 million users, allowing instant, fee-free transfers of USDT…

Exchanges

How Coinbase’s Layer-2 Network Surged to $4 Billion in TVL

Base, Coinbase’s Layer-2 network, shocked the crypto market last week with a surge in its total value locked (TVL), exceeding $4 billion for the first time. Interestingly, This week it has become a significant contributor to the company’s profits, estimated at $26 million in net profit since its launch in July 2023. Base’s robust transaction volumes and fees, driven by project listings and high demand, have boosted its growth, with transactions comprising over 60% of all Ethereum activity in Q3 2023. Base’s Profitable Journey According to the coinShares report, the surge in gas fees on Base due to high demand…

Blockchain

How MicroStrategy’s bull run is crushing short sellers

Michael Saylor’s MicroStrategy is on a tear, making waves in the stock market and putting a serious dent in the pockets of those betting against it. The company, known for its love of Bitcoin, has seen its shares skyrocket, tripling in value this year alone. This surge comes as Bitcoin hits new all-time highs, turning the tables on short sellers who’ve been caught off guard by the unexpected rally. As it stands, those wagering on a downfall for MicroStrategy are staring down the barrel of a whopping $3.3 billion in paper losses for 2024, thanks to the stock’s 170% climb.…

Bitcoin

Peter Thiel-Backed Ethereum Layer 2 Launches Liquidity Program

Layer N, an Ethereum Layer 2 network backed by Peter Thiel's Founders Fund, has launched a new liquidity program for apps built on its StateNet architecture. Layer N first came out of stealth in September 2023, when it announced it had closed a $5 million funding round backed by the Founders Fund. Now Layer N says its new liquidity program marks a milestone in efforts to introduce sustainable and robust liquidity into the DeFi space, targeting protocols at their nascent stages to aid in their market entry. Digital finance firm Amber Group will be the first participant in this groundbreaking…

Markets

692.4 Billion Shiba Inu (SHIB) Leave Major Exchange, But Destination Is Unknown

In an unexpected event, Whale Alert's recent report has uncovered a staggering transfer of 692.4 billion Shiba Inu (SHIB) tokens, valued at $19.26 million, from the hot wallet of Crypto Com, a leading cryptocurrency exchange. The destination? An undisclosed address, shrouded in mystery. However, scrutinizing the on-chain data, it appears that the recipient of this colossal transfer is none other than BitGo, a prominent digital asset trust and security firm headquartered in California. The address, "0xe3B," suspected to belong to BitGo, now holds a substantial portfolio worth $52.96 million, including the newly transferred SHIB tokens. 🚨 692,400,000,000 #SHIB (19,260,837 USD)…

Altcoins

It'll Pay to 'Choose Circle Over Tether' Under U.S. Stablecoin Proposal

The U.S. company Circle would have an easier time than Tether choosing to comply with the stablecoin regulations proposed by U.S. Sens. Cynthia Lummis and Kirsten Gillibrand. Lummis argued U.S. customers will prefer U.S.-regulated stablecoin issuers. Circle Internet Financial would have a distinct advantage over global stablecoin leader Tether under U.S. regulations along the lines being suggested by new legislation, according to one of the latest bill's authors, Sen. Cynthia Lummis (R-Wyo.). "Let's say you're a U. S. consumer," and you're not an expert in the details about specific stablecoin issuers, Lummis told CoinDesk TV in an interview. She argued…

Regulation