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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.

Qatar’s Sovereign Fund Might Be Buying Bitcoin, But Surely Not $500B Worth

Bitcoin maximalists like Max Keiser have spread rumors of a $500 billion BTC purchase by Qatar, which would be larger than the sovereign fund's current holdings. The Qatar Investment Authority has denied investing. But, with BTC increasingly accepted on Wall Street, sovereign funds may add digital assets to their portfolios soon. In recent days, rumors have resurfaced surrounding Qatar’s sovereign wealth fund making a major investment into Bitcoin. During the cryptocurrency’s ride up to an all time high of $69,000, analysts noticed a new wallet holding more than 50,000 BTC (over $3.3 billion). Referred to as “Mr 100” due to…

Bitcoin

Prices and news of the crypto Avalanche (AVAX), ANKR and SAGA

How are Avalanche (AVAX), Ankr (ANKR), and Saga (SAGA) performing within the crypto market? Let’s see below the price situation and the latest news related to them. The Avalanche crypto and the performance of ANKR and SAGA Ankr and WitnessChain: the advent of security in the web3 protocol Saga’s debut: the mainnet launch and token listing The Avalanche crypto and the performance of ANKR and SAGA AVAX from Avalanche is preparing the ground for a parabolic rally after a recent correction, according to analysts. Success depends on the altcoin’s ability to flip a key resistance into support, thus creating a…

Altcoins

Solana Meme Coin Generator Pump on Track for $66M Yearly Revenue

Pump has generated significant revenue in a short period and zoomed to one of Solana's highest earning applications, showcasing the profitability of offering token creation services in the crypto space. The platform allows users to create tokens with $2 and offers an inbuilt safety mechanism against scams like rug pulls, making it an attractive option for traders interested in meme coins. Selling shovels in a gold rush was one of the surest ways to make profits, and it’s no different today in the digital asset world. Pump, a meme coin generator platform, has earned over $5 million in fees since…

Altcoins

FTX Europe’s license freeze extended by Cyprus SEC

CyprusSEC has reported that the request submitted for the termination of the license of FTX Europe has been prolonged. The federal regulator resolution extended the license cancellation on cryptocurrency company operations to September 30, 2024. At the start the was established Digital Assets AG was purchased by FTX. Ever since FTX collapsed, its parent company the European-based firm has been in the spotlight. Ongoing restrictions for FTX Europe by Cyprus SEC mandate The suspension is a part of the series of measures put in place by CySEC, concerning the bankruptcy case of FTX. A series of regulations have been passed…

Exchanges

How Bitcoin ETF Inflows Counter Price Volatility

Eleven approved Bitcoin ETFs have painted the pioneering cryptocurrency with a fresh coat of legitimacy. By receiving an official blessing from the Securities and Exchange Commission (SEC), an institutional investing barrier has been lifted. With this barrier gone, financial advisors, mutual funds, pension funds, insurance companies and retail investors can now receive Bitcoin exposure without hassling with direct custodianship. More importantly, a taint has been scrubbed off from Bitcoin, previously likened to “tulip mania”, “rat poison”, or “index of money laundering”. Following the unprecedented domino of crypto bankruptcies throughout 2022, Bitcoin price reverted to November 2020 level of $15.7k by…

Bitcoin

Fantom (FTM) Community Ecstatic at Incoming Meme Coin Era

Meme coins are coming to Fantom (FTM), and the community is excited at the prospect. In a proposal published on Medium, Fantom lead developer Andre Cronje outlined the risks and opportunities that a meme coin culture on Fantom poses and how the community can properly tap into the latter. Andre Cronje proposal Andre Cronje started his proposal by highlighting the risks, which include the likelihood of the team selling off their tokens, and early investors selling large amounts, a trend that can cripple the project. As seen on other blockchains with meme coins already thriving, there is also the risk…

Altcoins

Kraken Releases Own Crypto Wallet, Joining Competition With Coinbase, MetaMask

Kraken, the second-biggest U.S.-based crypto exchange, has developed its own wallet, catching up to its rival Coinbase in the product arena and joining a saturated field that also includes major players like MetaMask, Ledger and Trezor. The new self-custodial “Kraken Wallet" is being releasing Wednesday and will be available to both Kraken users and non-users, CoinDesk is first to report. The wallet will initially support eight blockchains including Bitcoin, Ethereum, Solana, Optimism, Base, Arbitrum, Polygon and Dogecoin. According to a blog post shared with CoinDesk, the Kraken Wallet will be the first from a major exchange to be open-sourced. This…

Exchanges

Shiba Inu Thrilled as Partner Completes Amazing Q1

The Shiba Inu ecosystem team has taken to X to express excitement about the prospects of its liquid staking partner, K9 Finance DAO, following remarkable achievements in Q1 2024. In a recent post, K9 Finance took a moment to appreciate its past success in the first quarter of the year while also gearing up for amazing achievements this second quarter. K9 Amazing Q1 Success The K9 Finance team pointed out that it completed its DAO (decentralized autonomous organization) set up by forming a Panamanian foundation and publishing its DAO charters and token terms, among other things. K9 Finance also highlighted…

Altcoins

Binance Plots Comeback to India with $2M Penalty: Report

Crypto exchange Binance is considering re-entering India’s market after having been banned there in late 2023. The potential re-entry would involve a penalty of about $2m, the Economic Times reported Thursday. The platform’s return would be contingent upon registration with the finance ministry’s Financial Intelligence Unit (FIU). The FIU is responsible for supervising virtual asset commerce. A source informed the outlet that Binance intends to adhere to all relevant legislation, including the Prevention of Money Laundering Act (PMLA) and the crypto taxation framework. Prior to this, Binance had been neglecting these regulations. Binance didn’t return Cryptonews’ request for comment by…

Exchanges

Bitcoin Miners Always Sell Into Halvings, Is This Time Any Different?

On-chain data shows Bitcoin miners have always sold as Halvings have occurred. With the next one just around the corner, how are miners behaving this time? Next Bitcoin Halving Is Less Than Two Days Away Now In a CryptoQuant Quicktake post, an analyst discussed Bitcoin miners’ behavior in the build-up to the next Halving. The “Halving” is a periodic event on the Bitcoin network where the cryptocurrency’s block rewards (the compensation miners receive for solving blocks) are permanently slashed in half. This event occurs approximately every four years, and according to NiceHash’s countdown, the next one will occur in just…

Mining