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.

Nigeria Court Adjourns Hearings for Binance, Execs' Tax Evasion Cases: Reports

Nigeria has accused Binance and two of its executives detained in the country of evading taxes. The executives were due to be arraigned Thursday. A Federal High Court in Abuja, Nigeria's capital, has adjourned hearings for the local tax authority's cases against crypto exchange Binance Holdings and two of its executives who were detained by government authorities, local news outlets reported on Thursday. The matter was adjourned due to the Federal Inland Revenue Service (FIRS) not being able to serve Binance's Head of Financial Crime Compliance Tigran Gambaryan the charges while he was in custody, the Punch reported. While Gambaryan…

RegulationApr 7

Coinbase Receives Official Registration as Canadian Restricted Dealer

Coinbase, the international cryptocurrency exchange, has achieved a milestone in its expansion efforts by becoming officially registered as a Restricted Dealer by the Canadian Securities Administrators (CSA). With this development, Coinbase has become the first international cryptocurrency exchange to be registered in Canada. The registration process, which has been in progress since March 2023, underscores Coinbase's focus on regulatory compliance. Through close collaboration with Canadian regulators, Coinbase has worked to establish a policy framework. Coinbase's CEO, Brian Armstrong, expressed appreciation for the efforts of Canadian regulators in bringing clarity to the cryptocurrency market. Additionally, Coinbase has engaged with Canadian banks,…

ExchangesApr 7

Bitcoin's Path to Halving — Anticipated Increase in Difficulty Sets Stage

Based on current metrics, the Bitcoin blockchain is set to undergo another difficulty adjustment before the halving, with an anticipated increase of 1.2% to 2.16% around April 11, 2024. Following this adjustment, there will be 1,344 blocks remaining until the reward is halved. Estimated Increase in Difficulty Precedes Halving In April, bitcoin (BTC) miners face two significant events: the upcoming difficulty adjustment and the subsequent halving. During the last adjustment on March 28, at block height 836,640, the difficulty decreased by a modest 0.98%. However, this reduction may be erased in the next adjustment, which is projected to increase by…

MiningApr 7

Bitcoin Price Rejects $68K, Indicators Signal Fresh Downside To $62K

Bitcoin price failed to recover above the $68,000 resistance zone. BTC is sliding and might decline again toward the $62,000 support zone. Bitcoin price started a decent increase but struggled near the $68,000 zone. The price is trading below $66,000 and the 100 hourly Simple moving average. There is a short-term declining channel or a bullish flag forming with resistance at $66,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $66,200 resistance zone to start a fresh increase. Bitcoin Price Faces Hurdles Bitcoin price attempted a decent recovery wave above the…

BitcoinApr 7

$90,000,000,000,000 Transfer of Wealth Is Underway – Along With ‘Debt After Death’ Tidal Wave: Report

An estimated $90 trillion transfer of wealth is now underway as baby boomers begin to give assets to their children – and a new survey shows a massive transfer of debt is happening at the same time. A whopping 46% of Americans expect to pass on some form of debt when they pass away, according to a new survey by Policygenius. The survey shows 58% of people who earn at least $150,000 a year expect their loved ones to inherit their debts when they die. For those who earn less than $150,000 per year, that number drops to 47%. According…

MarketsApr 7

XRP in Forbes Top 10 Cryptos to Invest In

XRP made it to the list of top 10 digital assets that Forbes recommended for cryptocurrency investors this month. Leading media outlet Forbes released its list of the top 10 cryptocurrencies suitable for investment in March 2024. Interestingly, XRP made this month’s list of the top 10 crypto assets worthy of investment. Although XRP is ranked sixth on the list, this does not imply that the coin should be the sixth asset investors need to consider when investing in cryptos this month. It is worth mentioning that the top 10 cryptos were ranked based on their market capitalization as of…

AltcoinsApr 7

Google Takes Legal Action Against Alleged Crypto Scammers for Uploading Fraudulent Apps

Google is suing a group of alleged scammers who are said to have uploaded fraudulent apps to Google Play. Victims were lured to download the apps with promises of high returns that the lawsuit described as "illusory." A Google spokesperson described the lawsuit as a "unique opportunity" to set a precedent for how to deal with bad actors. Google filed a lawsuit against alleged crypto scammers claiming they uploaded fraudulent investment apps to Google Play. The lawsuit filed Thursday in the Southern District of New York alleges that Yunfeng Sun and Hongnam Cheung committed hundreds of acts of wire fraud,…

RegulationApr 7

ONDO Token Now Accessible on NEXO Platform, Opening Doors to Tokenized Real-World Assets

Ondo Foundation’s ONDO has been integrated into the renowned digital assets institution, Nexo. This collaboration marks a milestone for Ondo, a leader in tokenizing real-world assets (RWAs), and signals a new era for investors seeking diversified opportunities in the crypto space. .@OndoFoundation's $ONDO is available on Nexo! Let's explore. ⬇️ With $225 million in AUM/TVL across their products and holding a 40% market share in tokenized securities, Ondo is a leader in tokenizing real-world assets (RWAs). Compared to traditional financial mechanisms,… pic.twitter.com/pLLSv52GOp — Nexo (@Nexo) April 4, 2024 Unlocking Liquidity and Accessibility with RWAs Ondo’s integration with Nexo brings forth…

ExchangesApr 7

Bitcoin sees dramatic slide below $65K over four hours

Bitcoin (BTC) hit a 24-hour low of $64,760 on March 21 — just 18 hours after hitting a daily high of $68,120. Most of the drop occurred over a shorter period, as BTC fell 3.2% from $66,906 to $64,760 within three hours. Bitcoin had only slightly recovered above the $65,000 mark as of press time, with downward pressure remaining in the market. The flagship crypto was trading at $65,131 at 8:50 pm UTC with a market cap of $1.28 trillion — representing an overall drop of 3% over the past 24 hours. Despite Bitcoin’s daily lows, its price remains at…

BitcoinApr 7

NFT Sales Slide Continues Amid Record Crypto Volumes, Marking Fourth Week of Decline

Over the past week, sales volume for non-fungible tokens (NFTs) experienced another week-on-week decrease, marking a 13.72% reduction. This downturn marks the fourth consecutive week of declining NFT sales, a stark contrast to the record-breaking achievements witnessed throughout other sectors in March. During this period, the splendor of trading volumes did not extend to digital collectibles. NFT Sales Slide 13.72% Lower Than Last Week Both centralized and decentralized cryptocurrency exchanges hit peak trading volumes in March, yet marketplaces procuring non-fungible tokens (NFTs) consistently recorded declines week after week. The trend continued through the seven days between March 29 to April…

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