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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.

SEC Says Crypto Assets Have No ‘Inherent Value’ in New Court Motion Against Coinbase

Regulation

The U.S. Securities and Change Fee (SEC) has acknowledged that digital belongings haven’t any inherent worth. In a court docket movement filed final week towards Coinbase, the highest US crypto alternate by quantity, the regulatory company says that digital belongings haven’t any actual worth as they can’t generate earnings on their very own. “Actual property has ‘inherent worth,’ whereas a crypto token ‘will generate no revenue absent an ecosystem that drives demand.’” The SEC references the Howey take a look at, a authorized standards usually cited to find out whether or not a transaction counts as an funding contract or…

Ex-BlackRock manager predicts US Bitcoin ETFs approval

Bitcoin

An ex-BlackRock manager has predicted that the US could soon approve Bitcoin ETFs, or Exchange Traded Funds. Once approved, financial institutions will have a clearer picture of how they can invest in Bitcoin. Moreover, it will provide a well-structured and regulated avenue for investors. The ex-BlackRock manager believes that the approval could bring about a significant turning point for the crypto industry. Approval of the Bitcoin ETF is estimated to open an investment worth $17.7 trillion. While the approval is good and shows a positive side, such a huge investment demonstrates the confidence of holders and the growing acceptance of…

Bitcoin Price At Risk? Whale Transfers $137 Million In BTC After 3-Year Dormancy

Bitcoin

Whales are some of the most relevant entities in the Bitcoin market because of their potential influence on the Bitcoin price through large-volume transactions. Investors and traders often look out for whale transactions, which can trigger a domino effect on the market. In one of such developments, recent on-chain data revealed that a particular whale has woken up from a three-year slumber, moving their BTC for the first time since 2020. Whale Becomes Active For The First Time In Three Years According to data from blockchain analytics platform Arkham Intelligence, a particular Bitcoin whale became active after years of dormancy…

Coinbase Ranks As Second Largest ETH Staking Entity As Lido’s Dominance Raises Concerns

Ethereum

Prominent crypto exchange Coinbase has emerged as the second largest ETH staking entity based on a recent scoop by Chinese reporter Colin Wu. This development comes amidst growing concerns about network centralization in regard to Lido’s dominance in the ETH staking market. Coinbase Accounts For 14.1% Of ETH Staking Activity – Report According to Wu, a report from Dragonfly data scientist hildobby, using data from Dune analytics, reveals that Coinbase presently has 3.873 million staked ETH, representing 14.1% of all staked ETH. Coinbase dominance in the ETH staking sphere is only superseded by that of the liquid staking platform, Lido…

Top US Crypto Exchange Coinbase Embracing ‘International First Mentality,’ Says Company VP

Regulation

High US crypto trade Coinbase has been upping its deal with worldwide markets amid regulatory uncertainty stateside, in response to the corporate’s vp of worldwide coverage. Whereas talking throughout a current interview at Zebu Stay, Tom Duff Gordon notes that scaling internationally is changing into “increasingly more necessary” to the trade. “We need to work with all people as a result of we expect the US is a very necessary market. We have to get that [regulatory] readability. It could not come tomorrow, however I feel we’re on a great path to sort of getting that. However look, there are…

El Salvador Crypto Advisor Predicts Explosive Rise To $220,000

Bitcoin

In a recent development, Bitcoin proponent and crypto advisor to El Salvador’s President Max Keiser has made a future prediction for the Bitcoin price, joining the ranks of analysts who have made bold assertions about the flagship cryptocurrency’s trajectory. Keiser Says Bitcoin Price To $220,000 In a tweet shared on his X (formerly Twitter) platform, Keiser stated that the Bitcoin price will experience an explosive rise to $220,000 in the short term. However, he didn’t specify how soon the crypto token would see such a rally. He made this assertion in response to a CNBC article about the current decline…

Is Ethereum Staking Boom A Ticking Time Bomb? JPMorgan Weighs In

Ethereum

Ethereum (ETH), a forerunner in the decentralized finance (DeFi) ecosystem, has seen a notable surge in its staking activities. This staking boom has raised eyebrows among experts from JPMorgan concerned over ETH’s increase in centralization and the consequences that may arise. Ethereum, aiming to transition to a proof-of-stake consensus mechanism, opened the floodgates for staking. This meant holders could ‘stake’ or lock their tokens to support network operations like block validation. However, while this promises rewards for the stakers, JPMorgan analysts have reported that there could be ripple effects. Ethereum Centralization Concerns Rise To The Surface JPMorgan analysts, led by…

Terra Virtua, The Famous Metaverse Platform, Rebrands as Virtua

Metaverse

The metaverse platform Terra Virtua has simply introduced it’s rebranding as Virtua. The rebrand comes within the wake of the upcoming launch of its digital metaverse, which it has been creating since 2017. A recent rebrand for this metaverse pioneer. In regards to the rebrand In 2017, Terra Virtua showcased its metaverse idea at a screening of “Prepared Participant One.” Nonetheless, since metaverses weren’t as well-liked as they’re now, the corporate shifted its focus to a curated NFT market. Through {the marketplace}, it offered premium 3D animated digital belongings, in addition to a set of interactive digital environments Terra Virtua…

Bitcoin mining pool goes live in El Salvador

Bitcoin

Volcano Energy and Luxor have created Lava Pool, making it the first Bitcoin mining pool in El Salvador. The objective is to tap into the geothermal energy resources of the country. The development comes almost two years after El Salvador announced making BTC a legal tender. Volcano Energy will now mine Bitcoin in the country and contribute 23% of its net income to the government. This will be done under the private-public partnership initiative. BTC will be mined exclusively from the pool. The Hashrate Forward Marketplace of Luxor will back the operations. The Marketplace will provide advanced hedging strategies to…

Coinbase Cloud allows token holders to delegate APT

Blockchain

Coinbase Cloud recently announced enabling APT delegation for the community. Now, token holders can earn rewards for securing Aptos on the Coinbase Cloud community validator. The platform released a string of tweets on its official X/Twitter account to share the information. The tweets stated that Coinbase Cloud is closely working with protocol teams to optimize its performance throughout the validation process. That is why the team is delighted to continue supporting every new feature developed on Aptos. The Layer 1 blockchain is designed to focus on user experience and security. Its engineering innovation in consensus and execution ensures a secure…