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.

Crypto Industry Prepares for Compliance in 2024

In 2023, the crypto industry experienced a milestone, with major jurisdictions such as the EU and the UK tightening their regulatory frameworks. Duncan Ash, the Head of Strategy at blockchain protection firm Coincover, discussed the key trends expected to shape the crypto regulatory landscape in 2024 and how they will impact the evolution of the industry in the long-term. "Crypto regulation" itself is somewhat of an oxymoron. Although built on the principle of peer-to-peer transfer, the market has gradually moved away from its purist origins as regulators seek greater oversight. Different jurisdictions are moving at different paces of reform. The…

RegulationApr 11

Luxor and Bitnomial Launch First Ever Bitcoin Hashrate Futures

Luxor Technology Corporation (Luxor) and Bitnomial, Inc. have announced the launch of the first US exchange-traded Hashrate Futures, according to a press release sent to Bitcoin Magazine. Set to debut on Bitnomial’s derivatives exchange by the end of this month, these futures contracts are specifically tailored to cater to Bitcoin miners and institutional investors alike. “Hashrate has one of the highest volatilities of major commodities, and the April 2024 Bitcoin Halving will exacerbate this volatility,” said Luxor’s Head of Derivatives, Matt Williams. “Bitcoin miners need additional methods to mitigate this price risk to ensure the longevity of their businesses. Exchange-traded…

BitcoinApr 11

Blockchain Association Files Amicus Brief in Support of Tornado Cash Developers Roman Storm and Roman Semenov

The Blockchain Association, a prominent crypto advocacy group, is showing support for the two developers of mixing service Tornado Cash in their legal battle against the United States. Last year, the U.S. Department of Justice (DOJ) charged Tornado Cash founders Roman Storm and Roman Semenov with aiding the North Korean hacking group Lazarus in laundering illicit funds through the mixing service. Last week, lawyers for Storm pushed to have the case dropped, arguing that the developer simply created decentralized software solutions to “provide financial privacy to legitimate cryptocurrency users,” which is technically not a crime. Now, the Blockchain Association is…

RegulationApr 11

Space And Time Partners with Sui Network to Enhance Data Indexing For Developers

The partnership will enhance how Space and Time’s developers interact and build with Sui blockchain on-chain data. Layer 1 blockchain Sui Network has extended its strategic partnership with Space and Time (SxT), an AI-based blockchain warehouse for data, to integrate the second iteration of Sui’s RPC. The partnership will enable developers and users on SxT to retrieve and build with Sui data in an easier, faster, secure and more affordable way. The latest collaboration follows Sui and SxT’s recent partnership that saw the latter provide Sui’s developers with a full stack of zero-knowledge-proof-based tools to help their building process on…

BlockchainApr 11

Grayscale’s Sonnenshein promises to drop 1.5% fees on its spot Bitcoin ETF ‘over time’

Crypto asset management firm Grayscale with $26 billion allocated in its ETF fund GBTC plans to drop fees as its outflows reach $12 billion. Grayscale CEO Michael Sonnenshein has announced plans to reduce fees on the Grayscale Bitcoin Trust ETF (GBTC) in the coming months as the crypto market craze seems to cool off. In an interview with CNBC, Sonnenshein revealed plans to gradually decrease fees on GBTC, justifying the current 1.5% management fee by citing GBTC’s liquidity and track record compared to other exchange-traded funds (ETFs) in the market. “I’ll happily confirm that, over time, as this market matures,…

BitcoinApr 11

Crypto Trader Eisenberg's $110M Fraud Trial to Put DeFi Under Microscope

NEW YORK – Crypto trader Avi Eisenberg's criminal fraud and manipulation trial will open Tuesday after a federal judge seated a 15-person jury that includes a seller of rare books, an elementary school music director and at least two finance professionals. Expected to run for two weeks, the trial will determine whether Eisenberg broke the law when in October 2022 he deployed a self-described "highly profitable trading strategy" that crippled Mango Markets, the once popular venue for betting on cryptocurrencies on the Solana blockchain. The trial represents an evolution in the government's attempts to police alleged crimes in decentralized finance…

RegulationApr 11

Union Labs and Lava Network Join Forces to Launch $100K Incentivized Public RPC Campaign

Union Labs, the sovereign interoperability layer, has announced a strategic partnership with Lava, the modular access layer for Web3, marking the inception of an Incentivized Public Remote Procedure Call (ipRPC) campaign boasting a rewards pool worth $100,000 in token rewards. The collaboration aims to foster community engagement and growth within the Union and wider interoperable ecosystems. — Scheduled to commence with Union's mainnet launch slated for this summer, the campaign seeks to incentivize participation in the public RPC infrastructure, streamlining the process for developers and node operators. Through Lava, node operators will have the opportunity to become Union RPC providers,…

BlockchainApr 11

Bitcoin Falls to Sub-$63K as Market Awaits Federal Reserve's Next Move

On Tuesday, the value of bitcoin fell to a low of $62,355, experiencing a decline of over 7% against the U.S. dollar in the last 24 hours and a decrease of 12.4% in the past week. This downturn led to the liquidation of a substantial number of bitcoin long positions, with more than $180 million being liquidated since yesterday. Bitcoin Slides More Than 7% in 24 Hours; $180 Million in Long Positions Liquidated After hitting its peak at $73,794, bitcoin (BTC) has declined by 14% to stand at $63,000 as of 7:00 a.m. Eastern Time (ET) on Tuesday. Over the…

BitcoinApr 11

will Gabriel Attal's new taxation also involve cryptocurrencies?

Gabriel Attal, the Prime Minister of France, has announced that there will be a potential new tax on income, but it is not yet clear if it will also involve cryptocurrencies. Gabriel Attal and the new taxation on income by June in France: will cryptocurrencies also be involved? Gabriel Attal and taxation on income (possibly also crypto) to reduce France’s deficit The AMF survey on crypto adoption in France Gabriel Attal and the new taxation on income by June in France: will cryptocurrencies also be involved? Gabriel Attal, the Prime Minister of France, announced to the Renaissance group of the…

RegulationApr 11

Polygon Teams Up with Škoda Auto India for Digital Customer Engagement

Škoda Auto India launches the Škoda Gearheads community, offering exclusive benefits to car enthusiasts nationwide. The program integrates Polygon PoS for seamless transactions and NFTs for dynamic memberships on the Škodaverse India platform Škoda Auto India has again showcased its commitment to innovation and customer engagement by introducing the Škoda Gearheads community. This unique membership program, unveiled alongside other digital initiatives, aims to unite automobile enthusiasts nationwide under one roof. The Škoda Gearheads community is more than just a membership program; it’s a gateway to a world of exclusive benefits and experiences for automotive enthusiasts. Members can anticipate VIP treatment…

BlockchainApr 11