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.

Turkish Court Imposes 11,196-Year Sentence on Former Thodex CEO

Faruk Fatih Ozer, the ex-CEO of the now-defunct Turkish cryptocurrency exchange Thodex, has been handed a staggering prison term for defrauding investors. Ozer's conviction has come after a prolonged legal battle stemming from the collapse of Thodex in 2021, during which he absconded with millions of dollars worth of investors' assets. Ozer, who fled to Albania following the collapse of Thodex, was recently extradited back to Turkey to face charges related to money laundering, fraud, and organized crime. In a ruling that sent shockwaves through Turkey's financial and cryptocurrency sectors, a Turkish court sentenced Ozer to an astonishing 11,196 years…

RegulationApr 4

Digital Asset Platform With Ex-Goldman Partner as Co-Founder Gets Bahrain Crypto License

ARP Digital received a category-3 license from Bahrain Central Bank. This marks the only over-the-counter (OTC) service provider with the license in the country that specializes in digital asset structure products. Structured products have seen a "huge spike" in demand from institutional investors after the U.S. Securities and Exchange Commission's approval earlier this year of spot bitcoin ETFs. Digital asset services firm ARP Digital, which boasts a former Goldman Sachs partner as one of its co-founders, received a license from the Central Bank of Bahrain to operate in the Middle Eastern country, providing services including crypto trading, custody, and portfolio…

ExchangesApr 4

New All-Time High Expected with 2024 Halving and Block Size Upgrade – Can BCH Reach $4,000?

Bitcoin Cash (BCH) has successfully implemented the CHIP-2023-04 Adaptive Blocksize Limit Algorithm on chipnet, addressing an economic vulnerability dating back to 2010. This update automatically adjusts the block size limit of BCH, optimizing infrastructure costs during varying network usage levels. While the Bitcoin community is eagerly awaiting the upcoming halving event, the first hardfork version of Bitcoin Cash (BCH) is also gearing up for a major update. The May 2024 upgrade for Bitcoin Cash (BCH), known as CHIP-2023-04 Adaptive Blocksize Limit Algorithm, has been successfully activated on chipnet at block number 174519. This upgrade addresses an economic vulnerability introduced in…

BitcoinApr 4

Picasso Selects Osmosis as Chief DeFi and Liquidity Hub

Picasso Network, a decentralized restaking and interoperability hub, has recently started a collaboration with Osmosis (a cross-chain DeFi hub). As per the company, it has started an integration between Ethereum and Inter-Blockchain Communication Protocol to enable safe cross-chain interoperability. In a blog post, Picasso noted that the Ethereum-IBC integration ensures matchless data and asset transfer between Cosmos and Ethereum. 🎨🤝🧪 Ethereum IBC Liquidity Hub:@osmosiszone has been selected as the primary liquidity and DeFi hub for @Ethereum assets on @Cosmos through the launch of Ethereum IBC, powered by Picasso. Discover all the details in our latest blog 👇https://t.co/yERJjob7zE — Picasso 🎨…

DeFiApr 4

Bitcoin Ordinals Driving ‘Renaissance’ in BTC Activity: Franklin Templeton

Over the last year, Bitcoin Ordinals have taken the digital collectible world by storm, and they’ve now garnered the attention of financial titan Franklin Templeton. The digital assets division of the global investment firm today featured the rise of Ordinal inscriptions in a new prospectus. “In the past year, Bitcoin innovation and development has seen a renaissance in activity,” Franklin Templeton Digital Assets wrote. “Positive momentum in innovations is primarily driven through Bitcoin NFTs, known as Ordinals, new fungible token starts such as BRC-20 and Runes, Bitcoin Layer 2s, and other Bitcoin DeFi primitives.” The firm recapped the acceleration in…

NFTApr 4

US leads in enthusiasm for AI tokens, reveals CoinGecko report

The US shows the most interest in the AI-related tokens narrative in 2024, capturing almost 19% share of global interest. According to CoinGecko’s “15 Countries Leading AI Crypto Narrative in 2024” report, the UK comes second with a 9% stake in interest, followed by Türkiye at 6.5%. The report also highlights that those countries spearheaded the meme coin frenzy in 2023. India, Australia, Canada, and the Philippines have also been consistent in their crypto narrative leadership, mirroring their positions from the meme coin trend. Their responsiveness to market narratives is evident in their rankings. In Southeast Asia, the AI-themed tokens…

AltcoinsApr 4

Nigeria 'Working With' Interpol to Extradite Binance Exec Who Escaped Detention: Report

Nigeria's federal government is "working with" the International Criminal Police Organization (Interpol) with a view to extraditing a Binance executive who escaped detention in the country, according to reports in local media. According to a government source quoted in local publication Punch, Nigeria's Economic Financial Crimes Commission (EFCC) is "partnering" with INTERPOL, the FBI and the British and Kenyan governments to secure Anjarwalla's arrest and extradition. A second unnamed source stated that the extradition aimed to bring Anjarwalla back to Nigeria to "answer to his money laundering case in court," after the executive escaped detention and fled the country last…

RegulationApr 4

Bitcoin is ‘winning,’ compared to S&P 500, MicroStrategy’s Michael Saylor says: Others disagree

Prominent Bitcoin (BTC) advocate and MicroStrategy Inc. chair Michael Saylor shared a chart on Saturday, March 23 comparing Bitcoin’s performance with traditional assets like the S&P 500, Nasdaq, gold, silver, and bonds. Saylor took it as an opportunity to assert Bitcoin’s supremacy in the investment landscape. According to the chart, Bitcoin has grown 432% in that time, compared to 56% for the S&P 500 and 50% for Nasdaq. Conversely, silver and bonds have performed dismally, losing 13% and 19% of their value, respectively, while gold registered a modest 7% gain. #Bitcoin is Winning. pic.twitter.com/3ESQRHKEDa — Michael Saylor⚡️ (@saylor) March 23,…

BitcoinApr 4

Dusk price drops 5% as network plans to launch ERC-20 Dusk staking

Dusk price has corrected 5%, which is a possible buying opportunity for investors. On March 15, the L1 blockchain will launch ERC-20 DUSK staking for ITN2. DUSK token holders should brace for volatility on Friday as staking profitability is a major price driver. Dusk (DUSK) price is in a load-shedding exercise after a 62% climb beginning March 6. Coming at the same time as when the crypto market is dumping, led by Bitcoin (BTC) price, DUSK token holders appear to be de-risking ahead of the Friday launch. Also Read: Bitcoin price provides buying opportunity amid revelations that Craig Wright is…

AltcoinsApr 4

Bank of England sets out conditions for 'digital sandbox'

LONDON, April 3 (Reuters) - Britain's financial regulators on Wednesday launched a public consultation on their new "sandbox" for trading digital securities in "real world situations" to keep up with rapid advances in technology. A "sandbox" allows the testing of new services in the market with real customers, but within a controlled regulatory environment. The Bank of England and Financial Conduct Authority said in joint proposal, opens new tab that within the sandbox, existing financial rules would be modified to enable companies to try out new technology, such as distributed ledger technology or blockchain that underpins cryptoassets, for trading and…

RegulationApr 4