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.

Yes, staking actually should be regulated

Staking is everywhere. More and more service providers, banks, custodians, non-custodial staking providers and protocols are offering all kinds of staking services — from restaking to liquid staking and staking derivatives. Staking has truly become a force in crypto, reaching an all-time high of $350 billion in total market cap. Institutional investors and financial institutions are finally starting to understand the new business models of blockchain and the role of staking — it’s like we will soon see an Ethereum staking ETF from one of the Wall Street giants. But as the popularity of staking increases, institutional investors in many…

RegulationMar 27

The Good, the Bad and the Ugly of Airdrop 'Points'

Who doesn't want free money? Points, the quasi-loyalty programs meant to incentive use of blockchain applications by offering scrip that might in time be redeemed for something valuable, tap into something primal in our reptilian brains: our hardcoded desire for gambling. 0xRooter is the founder of Solend and Suilend protocols. The dopaminergic system helped our ancestors take risks that brought us to today. Without high-risk-high-reward actions, we wouldn't be in this golden era of technology (which we use to flip meme coins at 1,000 TPS). Stories of Regular Joes earning life-changing money prompt an internal monologue of "what if?" When…

DeFiMar 27

Sam Bankman-Fried sentence due on Thursday — here’s what to expect

Convicted ex-billionaire Sam Bankman-Fried will be sentenced this Thursday for the seven counts related to wire fraud and money laundering that he committed at crypto exchange FTX. Prosecutors have asked the judge to issue a sentence of 40 to 50 years but Bankman-Fried’s attorneys have counterargued, calling such a timespan excessive and pointing out that he is not a supervillain. John J. Ray III, the post-bankruptcy cleanup executive who has been working to return funds to harmed FTX victims, rebutted most of Bankman-Fried’s arguments in a scathing reality check. Here are some highlights from Ray’s letter to sentencing judge, Lewis…

RegulationMar 27

Silk Road Founder Ross Ulbricht Turns 40 with 11 Years Spent Behind Bars

Ross Ulbricht, the founder of the infamous Silk Road marketplace, turns 40 tomorrow on March 27. He was sentenced to 2 life sentences to serve in prison and has already spent 11 years in prison cells – since he was 29. As his 40th birthday is almost here, the global cryptocurrency community again starts calling to the US authorities to release Ulbricht from imprisonment. ✨ Tomorrow is Ross Ulbricht's 40th birthday. He's been in jail since he was 29, serving a 2x life sentence, all for creating a website where people could freely trade It's time to free Ross. #Bitcoin…

RegulationMar 27

The Six Dragons Brings Enjin Blockchain Innovation to Open-World RPGs

In a significant leap for the gaming community, BlockPegnio announces the relaunch of The Six Dragons (TSD), a pioneering open-world fantasy RPG. This game, a blend of solitary and multiplayer experiences, allows players to embark on their own unique adventures while contributing to a broader, shared universe. Mark your calendars: TSD will be available on the Epic Games Store starting April 30, 2024, unveiling a world brimming with dragons, magic, and, notably, one billion dungeons. Developed over five years, TSD represents a new era in gaming, seamlessly integrating traditional gameplay with the cutting-edge capabilities of blockchain technology. This revolutionary approach…

GameFiMar 27

Dogecoin (DOGE) Surges 17% in Epic Dog Coin Bounce Back

Dog-themed cryptocurrency Dogecoin (DOGE) has surged by 17%, showcasing an epic bounceback that has the crypto community and investors wagging with excitement. After two consecutive days of declines, Dogecoin staged an impressive comeback, surging by 17% in a single day. At the time of writing, DOGE was trading at $0.16, up 16.30% in the last 24 hours. This surge represents a substantial increase from its recent lows and signals renewed optimism among traders. This resurgence comes amid a broader recovery on the cryptocurrency market, with Bitcoin reclaiming the $68,000 mark once more. Crypto markets surged, with Bitcoin (BTC) reaching $68,000…

AltcoinsMar 27

BREAKING! US Department of Justice Sues Cryptocurrency Exchange KuCoin and Its Two Founders!

The U.S. Department of Justice and the Commodity and Futures Trading Commission (CFTC) have charged and sued leading global cryptocurrency exchange KuCoin and two of its founders for violating the Bank Secrecy Act and Unlicensed Money Transmission. USDOJ: Prominent Global Cryptocurrency Exchange KuCoin And Two Of Its Founders Criminally Charged With Bank Secrecy Act And Unlicensed Money Transmission Offenseshttps://t.co/cbmj4chzG7 — Tree News (@News_Of_Alpha) March 26, 2024 In its announcement, the US Department of Justice alleged that KuCoin and its co-founders Chun Gan and Ke Tang violated US Anti-Money Laundering Laws by making KuCoin one of the largest cryptocurrency exchanges in…

RegulationMar 27

‘Nyan Heroes’ Demo Launches on Epic Games Store—How Solana Airdrop Rewards Work

Nyan Heroes, a cat-themed hero shooter with blockchain assets on Solana, has launched its early access playtest on PC via the Epic Games Store. The “pre-alpha demo,” as developer 9 Lives Interactive described it, will be available for anyone to download and play until April 9. It offers players the ability to earn MEOW points, which will enable them to receive a share of the upcoming NYAN token airdrop on Solana. Nyan Heroes, which 9 Lives Interactive Creative Director and CEO Max Fu described to Decrypt’s GG as a hybrid of shooters like Overwatch and Titanfall, lets players take control…

GameFiMar 27

Binance Issues Cryptic Post and Makes This New Solana Meme Coin's Price Skyrocket

The price of the MUMU meme cryptocurrency experienced a notable surge following a cryptic post from Binance, the world's largest crypto exchange. Within the span of an hour, MUMU's value rose by over 13%, prompted by a seemingly innocuous message featuring a bull emoji on Binance's official social media account. Speculation quickly ensued among crypto enthusiasts regarding the potential significance of Binance's post, drawing parallels to similar instances in the past, where social media hints from the exchange correlated with notable price movements on other tokens. 🐂 — Binance (@binance) March 21, 2024 Notably, in January, a similar scenario unfolded…

AltcoinsMar 27

New Hampshire Has a Better Approach to DAOs

The world’s legal systems are straining to adapt to transactions facilitated by smart contracts, cryptocurrencies, digital assets, and other developing blockchain technologies. One of these innovation — commonly known as “Decentralized Autonomous Organizations” or “DAOs” — offers potentially revolutionary mechanisms for conducting governance and transactions among participants. Keith Ammon is a four-term elected Representative in the New Hampshire State Legislature. Bill Ardinger has practiced law in NH for almost 40 years, representing businesses on tax and transactional matters and seeking policy improvements. Both served on the New Hampshire Commission on Cryptocurrencies and Digital Assets. New Hampshire is considering legislation (HB…

RegulationMar 27