Author: NBTC
Olumide Osunkoya has been sentenced to four years in prison for illegally operating cryptocurrency automated teller machines in the United Kingdom. The 46-year-old faced charges related to running crypto ATMs through his company, GidiPlus, with machines installed at multiple locations across the UK. According to authorities, Osunkoya set up a £2.5 million ($3.2 million) crypto ATM business despite being denied registration by the Financial Conduct Authority. The FCA filed charges against him in early September 2024, and he pleaded guilty to six counts on September 30, 2024. On Feb. 28, the court convicted him of unregistered crypto activity, forgery, possession…
Cryptocurrency analyst and trader Jason Pizzino is leaning bullish on Bitcoin (BTC) but with a caveat. In a new video, Pizzino tells his 349,000 YouTube subscribers that Bitcoin possesses more upside potential despite the negative sentiment occasioned by the crypto king falling to a three-month low earlier this week. “…it’s just a countdown timer now for the end of the Bitcoin cycle, which could still have several months to go. So for the untrained ear, it sounds like all doom and gloom but this is basically just preparing for something in the future and I’m looking out here for several…
Ether’s (ETH) 11.5% slide over the past 24 hours has moved the second-largest cryptocurrency closer to a series of mammoth $340 million liquidations on collateralized debt platform MakerDAO. On-chain data shows three MakerDAO positions will be liquidated when the ETH price hits $1,926, $1,842 and $1,793. Each position is worth between $109 million and $126 million. Ether, the token of the Ethereum blockchain, is trading around $2,390 following a market-wide sell-off sparked by waning sentiment and a drop in global equities. Whether the plunge is the trigger for a bear market remains to be seen. Assets have typically slumped as…
Sonic, the first-ever chain extension built on Solana, announced the launch of Mobius mainnet today. As the first Solana Virtual Machine (SVM) chain, Sonic aims to extend Solana’s capabilities, enhancing scalability and providing a high-performance layer for dApp development. Solana’s L1 Sonic launches Mobius mainnet Sonic, a pioneering Solana layer-2 solution, announces the launch of Mobius, its first mainnet iteration. Mobius is set to showcase the opportunities of Solana Virtual Machne for dApps building and to bring Sonic 2025 roadmap’s goals to reality. Sonic SVM Mainnet: Mobius is now live.Infinite continuity of @Solana’s boundaries have kicked off.Enter Mobius Season 1…
Fox Business reporter Eleanor Terrett has revealed that Congressman French Hill will be taking Binance executive Tigran Gambaryan as his guest to the State of the Union on March 4. Hill campaigned to get the exchange’s executive released from a Nigerian prison where he spent eight months on wrongful charges of tax evasion and money laundering. Terrett revealed that Hill led the charge with members of Congress to persuade the Biden administration to secure the release of Gambaryan, saying he had been wrongfully detained in Nigeria. In October 2024, a court in Abuja dropped the criminal charges against Tigran Gambaryan…
Bitcoin (BTC) has dropped 10% to $86,300 this week, diving out of a prolonged period of trading between $90,000 and $110,000. The so-called bearish range breakdown has traders closely examining charts for clues about where the sell-off may drive prices next. One of the key levels under scrutiny is the “runaway gap” in CME bitcoin futures below $80,000, which formed three months ago. A gap is a blank space on a price chart between the closing or high price on a specific day and the next opening price, signifying that there was no trading activity at prices in between. When…
Ethereum price started a fresh decline from the $2,850 resistance zone. ETH is down over 10% and is struggling to stay above the $2,500 level. Ethereum is facing an increase in selling below the $2,650 zone. The price is trading below $2,750 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $2,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,600 and $2,650. Ethereum Price Takes A Hit Ethereum price failed to clear the $2,850 resistance zone and…
Shiba Inu’s ecosystem team has introduced a new Shiba Eternity game mode where players battle for SHIB rewards and contribute to the ongoing burn campaign. The team, through the marketing lead Lucie, introduced the Shiba Eternity mode, dubbed Duel Mode, a player-versus-player mode. The newly launched mode requires two players to battle each other within the collectible card game (CCG), with one user emerging victorious. This initiative aims to encourage player engagement through SHIB rewards and also contribute to the ongoing SHIB burn campaign. Duel Mode Details Players confident in their Shiba Eternity skills can participate in the contest by…
Key Takeaways The GENIUS stablecoin bill seeks to create a regulatory framework for stablecoins in the US. The bill allows federal oversight for issuers with over $10 billion in market capitalization. The Senate Banking Committee plans to review Senator Hagerty’s stablecoin bill, known as the GENIUS Act, during the week of March 10, according to three Senate aides familiar with the matter. 🚨SCOOP: @BankingGOP is eyeing the week of March 10 for a markup of @SenatorHagerty’s stablecoin bill (the GENIUS Act), per three Senate aides familiar with the mater. — Eleanor Terrett (@EleanorTerrett) February 28, 2025 The bill, introduced by…
The broader digital currency ecosystem has cooled off from the massive liquidations recorded in the past few weeks. Speaking to his more than 408,400 followers on X, CryptoQuant founder Ki Young Ju said anyone caught panic-selling right now is probably a “noob.” Bitcoin retracements common To justify his assertions, the top analyst said a 30% correction in a Bitcoin bull cycle is not uncommon. In the 2021 bull cycle, he said the top coin slumped as much as 53% but recovered to an all-time high (ATH). On the accompanying chart he shared, the Bitcoin price has always experienced a drawdown…