Author: NBTC

Venice, the AI platform behind the $VVV token, raised $65 million in a Series A led by Dragonfly at a $1 billion equity valuation, its first outside capital raise. The company chose stock over its own token, and the market is already arguing about what that choice means for $VVV holders. Series A investors received 8.98% equity, a 1.5 million $VVV vesting grant, and warrants to purchase 5 million additional $VVV over 8 years. That package brings together Dragonfly, Coinbase Ventures, North Island Ventures, and other participants on both sides of Venice’s capital structure, with equity and tokens held in…

The UK is set to overhaul how certain decentralized finance (DeFi) activities are taxed, introducing a framework that delays Capital Gains Tax (CGT) on qualifying crypto lending and liquidity pool transactions. The reform, announced by HM Revenue & Customs (HMRC), aims to better reflect how these arrangements function economically rather than treating every transfer of cryptoassets as a taxable event. The new rules will take effect on 6 April 2027 and apply to individuals and trustees participating in eligible cryptoasset lending and automated market-making (AMM) liquidity pool arrangements. According to HMRC, around 700,000 UK taxpayers could be affected by the…

A wallet linked to the collapsed FTX exchange and its sister trading firm Alameda Research has transferred 201,000 Solana ($SOL), valued at approximately $15.14 million, to BitGo Custody. The movement was flagged by blockchain tracking firm Onchain Lens, which noted the funds were sent through multiple rapid transactions to several BitGo Custody addresses. Details of the Transfer The transaction occurred within a short window, with the wallet distributing the $SOL across multiple BitGo Custody addresses. BitGo is a regulated digital asset custodian often used by institutional clients and bankruptcy estates to securely hold assets during restructuring processes. The speed and…

Payments giant MoneyGram has announced that it has joined the Stellar network as a Tier 1 validator. The news comes five years after the Dallas, Texas-headquartered company first partnered with the organization. Apart from MoneyGram, borrowing platform Figure Markets and wealth management platform Range will begin operating Tier 1 validators. The new roster of validators will become activated by mid-August, according to the announcement. Becoming a validator Validators are responsible for maintaining the blockchain’s integrity by verifying transactions and participating in network consensus. On Stellar, Tier 1 validators are particularly important. They operate multiple geographically distributed validator nodes and participate…

A Bitcoin wallet that has been dormant for more than 14 years has suddenly awakened. Galaxy Research reported this development in a recent X post. According to Galaxy Research, 30 $BTC, untouched since they were first received on August 7, 2011, were moved in Bitcoin block 956627. Taken from the time they were first received, the period of dormancy equates to 14 years and 9 months. 🌚 Awakened — dormant 14+ years30.00 $BTC ($1.88M) untouched since first received 2011-08-07 (14.9y ago) — just moved in block 956627Address: 1KV47ho8CG2vcTtBQwkfNCgzUVBuBeZkLGAttribution: Noah Doe #38530 · Salomon Client Dusted💰 Realized PnL: +$1.84M (+719,353% gain)…

US-based AI firm Anthropic warns AI development is advancing at a pace that could soon see agents building, training and improving themselves without human input — recommending a slowdown in development. In a blog post published Thursday, Marina Favaro, lead at the Anthropic Institute, and Anthropic co-founder Jack Clark said agents can already run code themselves, delegate hours of work to other agents and could be on the cusp of taking over completely. “For most of AI’s history, humans drove every step in its development cycle. But at Anthropic, we are delegating a growing share of AI development to AI…

Erik Voorhees defended the token terms behind Venice’s $65 million Series A on Thursday, telling critics on X that investors could ultimately pay $131 million for 6.5 million locked $VVV tokens if they exercise an attached option. The founder pushed back a day after announcing the round at a $1 billion equity valuation. Series A backers received a vesting grant of 1.5 million $VVV plus an option to buy 5 million more, all locked for four years, according to Voorhees’ original thread. Exercising the option would cost investors an additional $66.5 million, bringing potential total proceeds to roughly $131 million,…

A federal judge has sentenced former Los Angeles County Sheriff’s Department deputy Scott Allen Simpkins to 18 months in prison on Monday for lying to FBI agents about a $25,000 extortion he witnessed inside the Bel Air mansion of jailed crypto figure Adam Iza. The sentence is the latest in a corruption case that has already sent several deputies to prison for moonlighting as enforcers for a man who branded himself “The Godfather.” Simpkins, 34, of Brea, was also fined $10,000 by U.S. District Judge Percy Anderson, according to the U.S. Attorney’s Office for the Central District of California. He…

It’s worth noting that unlike traditional sportsbooks, prediction markets cover far more than sports — Kalshi and Polymarket both carry contracts on political elections, economic data and even reality TV shows like Love Island. U.S. legal sportsbooks, meanwhile, are projected to handle between $2.8 billion and $4.3 billion across the tournament’s 104 matches. Kalshi’s World Cup-specific markets alone generated $7.4 billion in June before the group rounds were complete. The ban that wasn’t The more striking figure is not the $10.8 billion on Polymarket’s international exchange; it is where $571 million of it came from. According to onchain analysis firm…

Robinhood spent months positioning its blockchain as regulated infrastructure for tokenized stocks. Two weeks after launch, tokenized assets account for about 4% of it, a cat token was worth twelve times the entire real-world asset base, and the CEO was posting that it works great for memes too. LATEST: Robinhood Chain reaches $294 million in stablecoin market cap and $140 million TVL in under two weeksThe network has also recorded more than $3 billion in seven-day DEX volume, drawing comparisons to Ethereum’s launch pic.twitter.com/KTywnPVEjY — crypto.news (@cryptodotnews) July 14, 2026 On July 1, at a London keynote billed as The…