Author: NBTC

Chinese scammer Zhimin Qian, who defrauded over 128,000 victims and stashed billions in Bitcoin, is expected to face more than a decade in prison. Summary Chinese scammer Zhimin Qian can face up to 14 years in prison for her role in a multi-billion-dollar Ponzi scheme in China. UK police seized more than 61,000 BTC from Qian in one of the UK’s largest crypto-related raids. Qian, along with her accomplices, ran a sprawling Ponzi scheme that promised sky-high returns to unsuspecting investors, and has been on the run since fleeing China in 2017 using fake documents. Now, her long-awaited sentencing in…

Uniswap founder Hayden Adams yesterday announced his proposal to activate the long-awaited UNI fee-switch on the decentralized finance (DeFi) sector’s leading exchange. The proposal, Adams’ first to Uniswap governance, would effectively share swap fees with UNI token holders via a buy-and-burn system. Widely expected to pass this time, the move would mark a significant milestone for DeFi… but not everyone is convinced. The proposal The proposal would see a portion of fees, which currently go to liquidity providers (LPs), redirected to the buy-and-burn of UNI. For most pools, this would be a sixth of the total fees, with some of…

In its latest technical assessment for Ethereum (ETH), cryptocurrency analysis company MakroVision stated that the price is still moving within the falling trend channel and the consolidation process continues in the short term. According to the report, ETH is currently trading just above the 0.382 Fibonacci retracement zone at around $3,596. The company argued that maintaining this level is critical for near-term stability. MakroVision stated that a stable outlook can be maintained as long as the $3,596 support level remains above. However, a break above this level could bring the next significant support level at $3,174 (0.5 Fibonacci level) into…

A new report claims that US retail investors are showing increasing favorability to crypto, with adoption growing by 50% this year. Although it’s the largest market, India had even higher rates of grassroots usage. Stablecoins are also growing to unprecedented levels, allowing users convenient on- and off-ramps between TradFi and Web3. Retail hype for digital assets is growing, even though institutions are becoming influential. US Crypto Adoption on the Rise TRM Labs, a crypto analysis firm that investigates crime and has issued massive reports on illicit Web3 activity, just turned its gaze to less lurid topics. Specifically, the company compiled…

The Bank of England (BoE) has proposed new regulations for the country’s stablecoin market. The Bank plans to limit stablecoin holdings in individuals to a maximum of £20,000, while allowing companies to hold up to £10 million. Bank of England Proposes £20,000 Limit on Individual Stablecoin Investments The move is part of a comprehensive regulatory framework aimed at reducing risks and maintaining financial stability in the UK’s digital asset market. The BoE’s proposal aims to prevent individual investors from taking excessive risks as stablecoins become more widely used as payment instruments in the country. In addition, reserve rules have been…

Ethereum price has plunged into a bear market after falling by over 20% from its highest point this year as cryptocurrencies retreated. Summary Ethereum price has formed a bullish flag pattern on the weekly chart. Spot ETH ETF recorded over $114 million in inflows last week. Technical indicators suggest the coin will rebound in the near term. Ethereum (ETH) token was trading at $3,895 on Nov. 2, up by 178% from its lowest level this year. It has formed a bullish flag pattern, pointing to more gains as exchange-traded funds inflows rise. Data compiled by SoSoValue shows that spot Ethereum…

A leading asset management firm, ProShares, has announced its intention to introduce a new crypto ETF that will track the CoinDesk 20 Index. To achieve this, the company seeks approval from the Securities and Exchange Commission (SEC) after submitting a filing to the commission. Meanwhile, reliable sources have noted that this index is crucial in the cryptocurrency ecosystem, as it measures the performance of the top 20 cryptocurrencies based on their market capitalization. Crypto fund providers embrace crypto ETF approval in the sector ProShares shared the new fund’s name, suggesting it will be known as ProShares CoinDesk Crypto 20 ETF.…

Patrick Hansen, Director of EU Strategy and Policy at Circle, has once again pushed back against claims that Europe’s new Anti-Money Laundering Regulation (AMLR) will “ban” self-custody wallets or peer-to-peer crypto transactions. It comes just over a week after the Circle executive warned that Dual MiCA–PSD2 licensing could double compliance costs for EU stablecoin firms. No, the EU Isn’t Killing Self-Custody: Patrick Hansen Busts AMLR 2027 FUD In a post on X (Twitter), Hansen called out misinformation circulating among major cryptocurrency accounts. “Again, a bunch of big crypto accounts are claiming upcoming AML rules will ban self-custody or anonymous crypto…

Ethereum is going through significant turbulence in terms of network activity. In this respect, Ethereum’s network activity has slumped by 24%, indicating the rising bearish signals on-chain. As per the data from the popular crypto analyst, CryptoOnchain, the dip in Ethereum’s network activity is raising concerns over the potential continuation of the bearish trend in $ETH. Amid this scenario, the market members are closely watching for the potential catalysts that could determine the further direction. 📉 Ethereum network activity keeps falling — a clear bearish signal.Active addresses dropped from 480k in mid-August to 363k by Oct 26, a 24% decline…

China’s Crypto strategy is turning money into a weapon of statecraft. A recent study published by Study Times—the journal of China’s Central Party School—argued that digital assets now shape warfare and finance. The study described crypto and central bank digital currencies (CBDCs) as tools of “financial mobilization.” They allow states to redirect liquidity when banks fail or sanctions tighten. Blockchain networks were called a “digital logistics front,” merging economic survival with national security. Digital money becomes a tool of geopolitical power The study said the battlefield now stretches into finance. Crypto forms an infrastructure for “total war,” blending deterrence, capital…