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.

Ripple CLO Says SEC v. Coinbase Ruling Offered 4 ‘Confusing Definitions’ of a Crypto Ecosystem

The Chief Legal Officer (CLO) of Ripple, Stuart Alderoty has again provided insights into the court decision in the SEC v. Coinbase legal tussle. On March 27, U.S. District Judge Katherine Polk Failla ruled in favor of the SEC, allowing the Coinbase lawsuit to proceed to the discovery phase. Alderoty has been commenting on the decision since it went public. Over the weekend, he suggested that the SEC presented a facade that would require the regulatory agency to provide strong evidence to support its allegations when the trial commences. Alderoty Faults Court’s Definition of Crypto Ecosystem In a post yesterday,…

RegulationApr 4

Bitcoin Exchange Binance Announces This Altcoin Will Support Network Upgrade!

Binance, one of the leading cryptocurrency exchanges, announced that it supports the Neutron (NTRN) network upgrade, which is planned to start at approximately 17:30 on April 10, 2024. Binance Will Facilitate Neutron (NTRN) Network Upgrade In preparation for the network upgrade, Binance will temporarily suspend token deposits and withdrawals on the Neutron (NTRN) network, ensuring a smooth transition and optimal user experience. The upgrade is scheduled to take place around 16:30 on the same day, at block height 9,034,900. Despite the suspension of deposits and withdrawals, trading activities involving tokens on the Neutron network will not be affected during the…

ExchangesApr 4

9 New Bitcoin ETFs Accumulate $1.3B in BTC in 6 Days as Funds Near the 500,000 Milestone

In the span of just six days, the nine freshly launched spot bitcoin exchange-traded funds (ETFs) have gathered 20,859.57 bitcoins, valued at over $1.3 billion. Holding 474,363.55 bitcoins worth $30.6 billion, these new ETFs are short of 25,636.45 coins to hit the 500,000 milestone. Excluding GBTC, Fidelity’s FBTC and Blackrock’s IBIT Dominate Bitcoin ETFs In Terms of Reserves Held Since their debut on Jan. 11, 2024, the new spot bitcoin ETFs, excluding GBTC, have significantly increased their bitcoin holdings. Among the nine U.S. funds, Blackrock’s IBIT leads with a hefty reserve of 242,829.94 BTC, valued at $15.6 billion according to…

BitcoinApr 4

Former Terraform Employee Admits Writing False Posts From Kwon Made Him ‘Angry’

In a series of ongoing court trials linked to Terraform Labs’ fraud claims tied to the 2022 implosion of its TerraUSD stablecoin, one former employee testifies how working with Terraform was rife with pitfalls. Brian Curran, former head of communications at Terraform, told a Manhattan federal jury on Monday that spearheading public relations for the company made him “angry.” Curran tried to be “transparent” to users while doing PR for Terraform, however, the company asked him to write false posts. He further said that working with Do Kwon, the beleaguered founder of Terraform, was troublesome, a report from Law360 revealed.…

RegulationApr 4

VanEck-backed NFT card game Parallel coming soon to Epic Games Store

Parallel, a science fiction trading card game with support for non-fungible tokens (NFTs), is coming to Epic Games Store following its latest $35 million funding. The developers of Parallel announced on the project’s X account on Apr. 3 that the NFT card game will be added to the lineup of video games available on the Epic Games Store (EGS) marketplace. Although a specific timeline wasn’t provided, the developers mentioned that the integration would enable players to download the game directly from the EGS platform, adding that players can already wishlist the game. Parallel is Coming to Epic Games Store! Soon…

GameFiApr 4

Bitcoin Exchange Binance Announced That It Delisted Two Altcoin Pairs From Spot Transactions!

In order to protect users and market integrity, Binance announced that certain spot trading pairs have been delisted following a routine review of their listings. Binance Announces Removal of Two Spot Trading Pairs for Quality Assurance The decision to delist certain trading pairs is due to factors such as insufficient liquidity and trading volume, in line with Binance's commitment to maintaining a high-quality trading environment. Binance will cease trading of the following spot trading pairs effective at 6:00 AM on April 5, 2024: LDO/TUSD and WING/BTC. It is important to note that the removal of these trading pairs does not…

ExchangesApr 4

Conduit launches L5 for next-level blockchain solutions

Conduit proudly introduces the successful release of L5s, a tremendous advance in blockchain technology, and provides a breakthrough scaling solution. Unlike the existing technology, this innovative adaptation offers a new deployment mechanism for Blockchain layers, allowing users and developers a much easier and smoother experience. By including L5s, Conduit is moving one step forward and leaping to becoming the leader in the blockchain scaling space. Via the Conduit app, adding layers from L2 to L5 levels is as simple as some clicks. So, an end-user needs to pick an L4 network as his settlement layer; with that, he can easily…

BlockchainApr 4

From Rollups to Sidechains, L2 Watch Catalogs Dozens of Bitcoin Layer 2 Solutions

In recent years, attention towards layer two (L2) scaling solutions for Bitcoin has persisted, though bitcoin capacity in the Lightning Network has seen a decline. In recent years, other varieties of L2 solutions have emerged, capturing the attention of the crypto community. On March 19, 2024, the lead developer at Blockchair unveiled L2 Watch, an exhaustive compilation of active and in-development Bitcoin L2 networks. The Landscape of Bitcoin L2 Solutions Many are likely unaware that, since late November 2023 or over the last 90 days, the amount of bitcoin (BTC) held within the Lightning Network has decreased from 5,530 BTC…

BitcoinApr 4

Ripple Unveils Major Update for XRP Ledger's Decentralized ID Shift

Ripple Labs’ development arm, RippleX, has issued an important update on the proposed XLS-40 amendment, which would integrate native support for W3C Decentralized Identifiers (DIDs) on the XRP Ledger. Ripple stated in a recent tweet that a minor edge case has been discovered in the XLS-40 decentralized identity spec that may lead users to create empty DID objects. A fix to this issue has been proposed and is currently under review, which will be introduced as a new amendment. 2/ Ripple’s validator has not yet cast a vote for #DID, and we do not plan to vote for it until…

AltcoinsApr 4

Bitcoin Layer-2 Social Network Offers Rewards for 'Touching Grass' in NFT Game

Bitcoin and its proof-of-work algorithm have long been criticized for its excessive energy consumption by environmental groups. A new Bitcoin layer-2 staking network called Social Network aims to change this using an Ethereum Virtual Machine (EVM) and an NFT-based mobile scavenger hunt tied to its mainnet launch. While some Bitcoin fans may jump at the chance to own another digital collectible, Social Network—a network for earning staking rewards, not a "social network" in the Facebook/Twitter-like sense of the term—says its aims are more socially beneficial. “Social Network is one of the projects we're contributing to the most right now, which…

GameFiApr 4