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.

Disgraced ex-FTX head could get up to 110 years in prison

Today marks a critical juncture for the cryptocurrency industry as disgraced former crypto tycoon Sam Bankman-Fried faces sentencing on multiple fraud charges. Disgraced king of crypto Once hailed as the “King of Crypto” and the visionary leader behind the multi-billion-dollar company FTX, Bankman-Fried now stares down the possibility of up to 110 years in prison, a staggering fall from grace for the 32-year-old entrepreneur. The rise and fall of Sam Bankman-Fried The trajectory of Bankman-Fried’s rise and fall encapsulates the volatile nature of the crypto market and underscores the importance of transparency and accountability in the industry. Just four months…

RegulationMar 30

1.5M People Trade Crypto Daily in Western Europe, Germany Leads

While the spotlight often falls on Asia and North America when discussing cryptocurrency adoption, Western Europe has been making significant strides in embracing digital assets. In a recent report, Bitget Research has shed light on European countries' crucial role in the global cryptocurrency market. The region, known for its developed economies and open-minded populace, has emerged as a key player in the crypto industry, with daily trading participants ranging from 1.2 million to 1.5 million. Among the eight Western European countries studied, Germany and France stand out as the most active hubs for cryptocurrency activities. According to the report, these…

ExchangesMar 30

Cathie Wood’s Bitcoin ETF sets record with $243.5m daily inflow

On March 28, The ARK 21Shares Bitcoin ETF witnessed an unprecedented $243.5 million in investments, marking a significant uptick over five times its usual daily intake, as Bitcoin neared the $72,000 threshold. According to early insights from Farside Investors, the inflow on March 27 into the ARK 21Shares Bitcoin ETF surged to four times its average daily inflow of $43.9 million since its debut on January 11. This influx almost tripled the previous day’s $73.6 million, significantly outpacing the lack of inflow scenario on March 25. Bitcoin ETF flow table | Source: Farside Investors Meanwhile, Blackrock’s Bitcoin ETF (IBIT) saw…

BitcoinMar 30

JIGO leads NFTs for the second straight day with $1.64 million in sales

Bitcoin’s JIGO BRC-20 NFTs topped the non-fungible token market in the last 24 hours with sales reaching US$1.64 million, despite a 21.76% drop. JIGO leads the market for the second consecutive day. The collection witnessed a marginal increase in transactions, up by 2.89%, with 178 transactions. Bitcoin is on pace to become the fourth blockchain to pass US$3 billion in sales this week. As of 2:30 p.m. ET, the network is less than US$700,000 away from the milestone. Ethereum’s Bored Ape Yacht Club (BAYC) experienced a 13% increase in sales, totaling US$1.11 million over the past day. Meanwhile, Solana’s Mad…

NFTMar 30

Cardano (ADA) Outshines Ethereum (ETH) in Developer Activity

Proof-of-stake (PoS) layer-1 (L1) blockchain protocol Cardano (ADA) has sustained its position as the leading network, when profiled by development activity. According to data from crypto analytics platform IntoTheBlock (ITB), Cardano’s GitHub Commits have outranked those of Ethereum (ETH), as well as the other top layer-1 blockchain networks. Cardano and its peers According to ITB data, Cardano has recorded a total of 978,780 commits on GitHub between March 11 and 17. This figure places it above its second major rival, Ethereum, whose collated data within the same period comes in at 407,170. Other featured L1 protocols include Avalanche (AVAX), Litecoin…

AltcoinsMar 30

'Eccentric’ Crypto Laundering Mastermind Dreamed of Being Anointed a Buddhist Goddess

Zhimin Qian, the alleged mastermind behind the cryptocurrency laundering, dreamed of being anointed as a Buddhist goddess by the Dalai Lama. Qian also had plans to build a Buddhist temple, an airport, and a port in Danube, a fictitious micronation situated between Serbia and Croatia. Zhimin Qian’s Digital Diary Zhimin Qian, the alleged mastermind behind a crypto laundering scheme, reportedly aspired to be anointed the “Reincarnated Goddess” by the Dalai Lama. Qian, who is reported to have used several aliases to evade law enforcement agencies, dreamt of building a Buddhist temple in Danube, an imaginary micronation between Serbia and Croatia.…

RegulationMar 30

Alchemy Pay Invests in UK's LaPay to Expand Global Payment Solutions

Alchemy Pay, a global Web3 payment solution provider, has recently announced its investment in LaPay UK Ltd, a fintech company based in the United Kingdom, which facilitates international business growth for corporations. Notably, LaPay possesses an Authorised Payment Institution License in the UK, and operates under the regulation of the UK Financial Conduct Authority (FCA). This strategic investment aligns with its objectives to acquire over 20 licenses globally by the year 2024, focusing on regions such as the United States, United Kingdom, Hong Kong, Singapore, Australia, and South Korea. 🚀#AlchemyPay has revealed its investment in LaPay, a UK-based fintech company,…

ExchangesMar 30

Bitcoin Old Guard Paves Way for New Whales As Prices Surge Over $70K

The market activity of Bitcoin has drawn attention as the changes in ownership patterns have become evident. On-chain data reveals that old established Bitcoin holders, known as ‘old whales,’ are transferring their Bitcoins to new institutional investors, implying a shift in market dynamics. Notably, this movement of Bitcoin is happening between these large-scale holders, known as ‘whales,’ and not spreading widely among retail investors. On the same accord, a chart from analyst Axel Adler Jr., shared by Ki Young Ju, CEO of CryptoQuant, captures the shifting dynamics between investor classes. Old whales are selling #Bitcoin to new whales(TradFi), not retail…

BitcoinMar 30

Bitcoin Runes Coming to Magic Eden After Ordinals Bet Pays Off

Cross-chain NFT marketplace Magic Eden, which recently jumped to the top of the pack amid growing interest in Bitcoin Ordinals, announced Friday that it plans to support the upcoming Runes fungible token standard on Bitcoin. “Ordinals, Rewards, Runes. The Future of BTC is on Magic Eden,” the marketplace tweeted along with a teaser video. The Rune protocol is set to launch on Bitcoin’s mainnet following the halving, which is expected to take place on April 20. The halving is the quadrennial event baked into the Bitcoin protocol that cuts in half the BTC miners receive for supporting the network. The…

NFTMar 30

Sam Bankman-Fried Returns to New York Courthouse for Sentencing in FTX Fraud Case

Sam Bankman-Fried is in a Manhattan courthouse again on Thursday to face sentencing after his November conviction on seven different fraud and conspiracy charges tied to the operation and collapse of FTX. The former CEO faces decades behind bars. The U.S. Department of Justice successfully presented a case holding him responsible for FTX losing billions of customer and investor funds during its operation, saying he personally made decisions that led to the exchange's 2022 bankruptcy. His attorneys requested no more than 6 1/2 years in prison, while prosecutors recommended 40 to 50 years in sentencing memos leading up to Thursday's…

RegulationMar 30