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Author: 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 v. SEC case update: Crucial XRP briefing filed

As the cryptocurrency community awaits the final decision in the courtroom standoff between blockchain company Ripple and the United States Securities and Exchange Commission (SEC), the agency has submitted its opening brief regarding institutional XRP sales. Indeed, in line with the previously published schedule, the SEC submitted, “under seal, its opening remedies-related brief and supporting documents” on March 22, according to an X post shared by legal expert and popular commentator on the case, James K. Filan, on March 23. According to the defense attorney and former federal prosecutor, these documents “are not public yet” and the regulator will file…

Regulation

$190,000 in prizes for AI and blockchain integration

Yesterday, Amazon announced an initiative that offers a total of $190,000 in prizes for the integration of AI and blockchain. The initiative is by Unstoppable Domains and also involves Amazon Web Services. Get ready! We’re teaming up with @awscloud to host a Web3 and AI Hackathon on @devpost $190,000 is up for grabs in UD and AWS Activate credits for blockchain and AI app developers leveraging Amazon’s Kendra AI, Unstoppable's Resolution, and Partner APIs. 🧵 pic.twitter.com/80YEzgj0xA — unstoppable.austin (@unstoppableweb) March 25, 2024 Amazon’s involvement in blockchain and AI technology Unstoppable Domains Amazon: The hackathon for the integration of AI and…

Blockchain

DeFi to see a transformative shift

The growing interest in decentralized finance (DeFi) reflects a market striding towards rationality, efficiency, and increased awareness of risks, and all signs point to a forthcoming bullish summer, marked by renewed confidence and a shift towards safer investment strategies. Once in love with nothing but high yields, investors are now prioritizing security over raw numbers. Data collected by Exponential and published in March, reveals a significant portion of DeFi funds, approximately 75%, are locked in pools offering conservative annual percentage yield (APYs) ranging from 0-5% (as seen below). Such a cautious approach, particularly evident in Ethereum (ETH) staking pools, reflects…

DeFi

Do Kwon Released From Montenegrin Prison on Bail; Terraform Labs' Civil Trial Begins in NYC

Do Kwon was released from prison in Montenegro on Saturday pending extradition to either the U.S. or South Korea Kwon has missed the start of a civil fraud trial against him and Terraform Labs that kicked off in Manhattan on Monday Terraform Labs co-founder Do Kwon has been released from prison in Montenegro as the Balkan country’s Supreme Court weighs competing extradition requests from the U.S. and South Korea. Both countries want to try Kwon on criminal charges, including fraud, tied to the $40 billion collapse of the Terra ecosystem in May 2022. After the Terra implosion, Kwon spent months…

Regulation

Crossmint expands to Japan Revolutionizing Web3 adoption!

Crossmint, a Web3 development platform, recently partnered with Astar, a well-known blockchain network, and Hakuhodo KEY3, a forward-thinking initiative, in response to Japan’s corporations’ determination to embrace Web3 solutions. This collaboration aims to leverage the robust developer tools provided by Crossmint and the Astar blockchain to streamline the implementation of Web3 technologies for major Japanese corporations. By doing so, these organizations may potentially achieve significant cost savings in development, amounting to millions of dollars. Notable global brands like Microsoft, Etihad Airways, Johnnie Walker, and AC Milan are among Crossmint’s growing list of customers thanks to the reliability of its Web3…

Blockchain

DeFi ecosystem growths more rational and mature, shows Exponential report

The decentralized finance (DeFi) ecosystem is undergoing a shift towards more rational investments and maturing confidence, according to Exponential.fi’s latest report “The dawn of a new era in DeFi: From winter chills to summer thrills.” As the ‘DeFi Winter’ weakens its grip, the report states that the path ahead is a ‘hot bull summer’. Investors are now showing a marked preference for security, with a significant 75% of DeFi’s total value locked (TVL) flowing into pools offering a modest annual percentage yield (APY) of up to 5%. This conservative shift is particularly noticeable in Ethereum staking pools and highlights a…

DeFi

Trader Turns 2 SOL into $260,000 Trading Solana Memecoin: Here’s How

A trader recently flipped 2 Solana (SOL) tokens worth $368 to 1,408 SOL valued at $260,000 while trading Solana memecoin SHAD. As highlighted by the crypto analytics service provider Lookonchain, the trader (with wallet “5aLaR….GJXA”) placed a bold bet on Solana memecoin SHAD raking in a cumulative gain of 704x. With the memecoin season fully underway, many traders are cashing out huge sums in just a few days, reiterating similar trends over the past year. SHAD as a memecoin emerged about 24 hours ago and it rose to an All-Time High (ATH) of $0.088. Its Fully Diluted Volume (FDV) and…

Altcoins

SEC and Terra (LUNA) Hearing Begins – Here's the First Insider Information

The U.S. Securities and Exchange Commission (SEC) has accused Terraform Labs and its founder Do Kwon of building a “paper house” ready to collapse and deceiving investors about the stability of a cryptocurrency. The cryptocurrency named LUNA, which the SEC mentioned, was one of the main actors of the cryptocurrency market decline in 2022. The SEC also alleges that Kwon and Terraform Labs misled investors in 2021 about the stability of TerraUSD, a stablecoin designed to maintain the value of $1. The regulator also accuses them of falsely claiming that Terraform's blockchain was used in a popular Korean mobile payment…

Regulation

Russian Ministries Discuss Crypto Mining ‘Legalization’ – But There’s a Twist

Russian ministries could be prepared to “legalize” industrial crypto mining in the country. But one key department could yet throw a spanner in the works. After years of dismay and repeated pleas for Moscow to formally recognize mining as a form of “entrepreneurship,” miners this month submitted a new draft bill to ministries. Per the Russian newspaper Izvestia, most ministers are now ready to grant mining legal status. However, the Ministry of Industry and Trade – which has the final say on business classifications – is not convinced. Russian Ministries ‘Break Ice’ on Crypto Mining Discussion Miners want Moscow to…

Mining

Solv Introduces SolvBTC, First Yield-Bearing Token for Bitcoiners

The launch of SolvBTC on major EVM-compatible blockchains is a remarkable milestone for the Bitcoin (BTC) ecosystem and Web3 as such. It unlocks attractive investing opportunities for holders of idle BTC in on-chain wallets. SolvBTC by Solv kicks off on Ethereum, Arbitrum, BNB Chain and Merlin Chain The team of Solv has announced the release of SolvBTC, the first yield-bearing BTC token for the omnichain landscape. Backed by a diverse delta-neutral portfolio, SolvBTC can provide BTC-based yields of 5-10%. @LidoFinance popularized Liquid Staking Derivatives (LSDs) for the ETH ecosystem.@SolvProtocol will usher in a new era for Bitcoin with Liquid Strategy…

Blockchain