Author: NBTC

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.

US Senator Elizabeth Warren Could Lose Her Seat to Crypto

Pro-crypto advocate and aspiring US Senate candidate John Deaton has outpaced incumbent Senator Elizabeth Warren in fundraising during the year’s first quarter. According to publicly available data from the Federal Election Commission, Deaton raised $1.36 million, surpassing Warren’s $1.1 million. Crypto Community Throws Weight Behind Deaton Fox Business journalist Eleanor Terrett revealed that Deaton’s support base included several prominent figures in the crypto industry, including Ripple’s Brad Garlinghouse and Chris Larsen, Cardano’s Charles Hoskinson, Gemini’s Tyler and Cameron Winklevoss, and Bitcoin entrepreneur Jameson Loop. Earlier in the year, Deaton launched an official campaign to unseat Elizabeth Warren in the US…

RegulationApr 16

Big Bitcoin Price Swings Wipeout Traders as ETF Buyers Battle Profit-taking Sellers – Where is BTC Headed Next?

The Bitcoin (BTC) price saw big swings on Friday, with droves of traders on both the bullish and bearish side getting their positions wiped out as US spot Bitcoin ETF buyers continue to battle against profit-taking sellers. BTC begun Friday’s session above $71,000 before selling off sharply during Asia trade. Having dropped as low as the $65,500s, the Bitcoin price abruptly rallied back to $70,500 during US trade. It was last trading around $68,000, with leveraged futures positions worth $200 million having been wiped out, as per coinglass.com. That marked the most punishing day for the bulls since the 4th…

BitcoinApr 16

Ethereum startup Aligned Layer clinches $2.6m in venture capital

Aligned Layer, a startup touted as a “universal verification layer for Ethereum,” confirmed Sunday, April 14, that it raised $2.6 million in seed funding. Lemniscap, a seven-year-old firm that has backed multiple companies in the crypto blockchain space, led the effort. The firm previously led the $2.4-million funding round for web3 startup Safary in January. Bankless Ventures and Paper Ventures are also backing Aligned Layer, along with StarkWare, O(1)Labs and Ingonyama CEO Omer Shlomovits. Aligned Layer announced the capital raise via social media. See below. 1. We're excited to announce that we've raised $2.6M in our Seed Round, led by…

MarketsApr 16

Fantom milestone as first validator on Sonic goes live

Fantom has achieved one of its key network milestones after the first validator using Sonic technology deployed. The Fantom Foundation announced the feat, noting that this first step will pave the way for further improvements on the Opera mainnet. Top of that list is blockchain scalability. “Marking a major milestone, this deployment paves the way for unleashing Sonic’s impressive speeds on the Opera mainnet, achieving ~2,000 TPS at sub-second finality,” the Fantom Foundation announced. Sonic’s capacity for 2,000 TPS, which is achievable at sub-second finality, is a huge improvement on the initial Opera network’s 200 TPS. Sonic brings new era…

AltcoinsApr 16

Crypto.com Sponsorships May Attract SEC Scrutiny—Exec Says It’s Worth the ‘Trade Off’

Crypto.com may not be the biggest crypto exchange by trading volume, but it’s certainly one of the most well-known. Lebron James plays in an arena named after the company, and the exchange has sponsorship deals with the Philadelphia 76ers, Formula 1, and the Ultimate Fighting Championship, or UFC, among others. All of these relationships with big names arguably put a target on Crypto.com’s back in the U.S., especially as the Securities and Exchange Commission continues its crackdown on crypto. Most recently, the agency informed Uniswap Labs, the developer behind one of the most popular decentralized crypto exchanges on the market,…

RegulationApr 16

Vanguard CEO Reaffirms Stance Against Spot Bitcoin ETFs

Buckley went on to say that Bitcoin is only a speculation asset. The cryptocurrency sector as a whole is very speculative and unregulated as per the firm. Investment banking behemoth Vanguard’s chairman of the board and chief executive officer Tim Buckley has reiterated his firm’s intention to stay out of the spot Bitcoin exchange-traded fund market. According to Buckley, his company has been getting a lot of inquiries on the timing of potential spot Bitcoin exchange-traded funds. According to him, they were even asked when the company might reconsider the product. In response, Vanguard’s chief executive officer restated the company’s…

BitcoinApr 16

Landesbank Baden-Württemberg Teams Up with Bitpanda for Crypto Custody Services

Landesbank Baden-Württemberg (LBBW), the largest federal bank in Germany, is set to expand its services into the digital assets sphere by partnering with the cryptocurrency exchange Bitpanda. This strategic collaboration marks a significant move for LBBW, aiming to cater to the burgeoning demand for crypto services among institutional and corporate clients. Addressing the Growing Demand for Digital Assets Starting in the latter half of 2024, LBBW and Bitpanda will begin offering cryptocurrency custody solutions. This service expansion is in direct response to the increasing interest from corporate customers in the digital asset sector. According to Jürgen Harengel, the managing director…

MarketsApr 16

NEAR to Hire Artificial-Intelligence Engineers as Part of AI Roadmap

Layer-1, NEAR, will hire artificial-intelligence (AI) engineers as part of its 3-6 month roadmap to building user-owned AI. According to a deck reviewed by CoinDesk, the company is planning to hire AI engineers “soon,” and its product team is working to plan AI workstreams over a 3-6 month transition phase. The deck was presented earlier today via a virtual town hall meeting by NEAR co-founder Illia Polosukhin with NEAR core employees. This comes as the intersection between AI and blockchain continues to be a hot topic, with NEAR attempting to position itself at the forefront. Polosukhin was on a panel…

AltcoinsApr 16

JPMorgan Chase To Pay $250,000 for Defaming Former Employee As Regulator Orders Bank To Eliminate Series of Allegations

The Financial Industry Regulatory Authority (FINRA) is ordering JPMorgan Chase to pay hundreds of thousands of dollars in damages to a former employee who accused the bank of defamation. Former JPMorgan Securities (JPMS) financial advisor Michael C. Nolan says the trillion-dollar lender damaged his reputation in a Form U5 filing to FINRA after he left the bank in 2022. FINRA requires member organizations to file a Form U5 to explain why individuals left the firm. In its Form U5, JPMorgan alleged that Nolan violated company policy and shared sensitive information with a client. “Registered Representative is under internal review for…

RegulationApr 16

Solana DEXs Volume is Back to $1 Billion Amid Heightened DeFi Scrutiny

Solana-based decentralized exchanges (DEXs) have seen a notable increase in trading activity, with their volume exceeding the $1 billion threshold. According to DEX Screener, the current trading volume is $1.23 billion, marking a substantial rise from last week’s average volume, under $1 billion. Interestingly, this surge is largely attributed to the rising popularity of meme coins within the Solana ecosystem. Meme Coins Fueled Solana DEXs Volume Rebound This resurgence in Solana DEXs volume is particularly noteworthy as it coincides with increased regulatory scrutiny in the decentralized finance (DeFi) sector. Recently, the SEC issued a Wells notice to Uniswap, one of…

ExchangesApr 16