Author: NBTC
Tornado Cash founder Roman Storm is making desperate pleas for donations to fund his legal defense, as he faces the imminent possibility of years in prison. The founder of the crypto coin-mixing service for anonymous payments is asking for another $2 million after already seemingly expending millions over the past two years. In August 2023, the US government alleged that Storm and his co-founder made millions of dollars through Tornado Cash. According to Storm, seizures and subsequent legal expenses have depleted those resources. In August 2022, the US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash over its…
Zodia Custody, the crypto custodian backed by big banks like Standard Chartered and SBI, will handle the safekeeping of tokenized emeralds, through a partnership with GEMx, a Swiss fintech company that specializes in blockchain-based co-ownership of the precious stones. The partnership allows access to the gemstone market through the EmGemX token, a way for institutional investors to receive fractional ownership in a diversified portfolio of high-quality emeralds, according to a press release on Wednesday. The tokenization of real world assets (RWAs) is bringing the blockchain world closer to traditional finance. In this case, physical emeralds, which have seen an average…
The company raised $750 million in a private investment in public equity (PIPE) transaction at the end of May to acquire bitcoin. Bitcoin As an AI Safety Net: Strive CEO Artificial intelligence (AI) may wipe out 50% of all entry-level white-collar jobs within five years according to Dario Amodei, CEO of AI firm Anthropic. Similarly, Matt Cole CEO of Strive Asset Management says half the companies in the S&P 500 today may vanish in the wake of AI disruption, unless they hedge with bitcoin. We’ve seen this movie before. Roughly 50% of the firms that made up the S&P 500…
Galaxy Digital withdrew large amounts of Ethereum through OTC transactions, transferring it to an address reportedly linked to a whale or institution. This comes as the price of Ethereum (ETH) consolidates at $2,626.51, reflecting a slight 0.64% increase in the past 24 hours. According to Lookonchain, Galaxy Digital’s over-the-counter (OTC) wallet withdrew 89,000 ETH from an exchange. This withdrawal, worth about $234 million, quickly grabbed the market’s attention. However, the transfers didn’t stop there. It seems that a whale/institution bought 108,278 $ETH($283M) through OTC. Galaxy Digital OTC wallet withdrew 89,000 $ETH($233.5M) from exchanges in the past 12 hours, and then…
Shares of Circle (CRCL) surged in its first day of trading on the New York Stock Exchange (NYSE), closing at $83 after coming public at $31. The stock spiked to as high as $104 after the first trades crossed the board at $69. For traders and analysts alike, though, the focus now shifts to whether the stock can hold its ground in the days and weeks ahead. Coinbase’s 2021 IPO, which was initially hailed as a watershed moment for the crypto industry, offers a cautionary tale. That stock opened at $381 on Nasdaq, briefly climbed to $430, and then slid…
The launch of Plasma’s initial coin offering (ICO) has been accused of being dominated by a small number of whales. Plasma’s ICO is a little different from older ICOs, with the initial sale allowing you to purchase “units,” which “determine your guaranteed option to purchase XPL.” Plasma advertises itself as “a high-throughput, scalable blockchain purpose-built for stablecoins.” Its ICO was launched earlier today, June 9, with an initial deposit cap of $250 million and a $50 million cap per wallet. Its deposit vaults were filled mere moments later. Read more: What are Ethereum roll-ups and why do they matter? This…
The U.S. Senate may be fast approaching a final vote on regulating stablecoins, which would be a high-water mark for crypto legislation in Congress, but Representative French Hill said the Senate’s bill has some key differences with a similar effort in the House of Representatives, and those would need to be ironed out before it can become law. “The bills are substantially similar,” said Hill, the chairman of the House Financial Services Committee that has been at the forefront of the congressional negotiation over stablecoins for years, at an Atlantic Council event on Tuesday. “There are some differences that are…
How did the decision by SEC Binance to close the Binance lawsuit coincide with Binance losing over 30% of its global trading volume between 2023 and April 2025? Table of Contents The SEC vs Binance battle fades as the SEC lawsuit against Binance gets quietly buried The 2023 Binance lawsuit became the most aggressive move in the SEC against Binance agenda The SEC Binance lawsuit is gone — the tension isn’t The tone set by the SEC still echoes The SEC vs Binance battle fades as the SEC lawsuit against Binance gets quietly buried After nearly two years of courtroom…
Chainlink expanded its cross-chain services through two major developments: an integration with the BOB network and a partnership with blockchain protocol Space and Time. BOB Network Embraces Chainlink CCIP The BOB network has announced it will migrate its bridged version of USDC—referred to as USDC.e—to Chainlink CCIP. The goal is to streamline how assets move across blockchains and to prepare for the possibility of natively issued USDC on BOB in the future. BOB (@build_on_bob), a hybrid layer-2 network, has successfully migrated to Chainlink CCIP as its canonical cross-chain infrastructure.USDC on BOB is being upgraded to Chainlink CCIP to help accelerate…
Ethereum founder Vitalik Buterin has taken a significant step towards supporting blockchain privacy by transferring approximately 693.91 ETH ($1.83 million) and 340,900 USDC to the Railgun protocol, a leading on-chain privacy solution. Ethereum Founder Vitalik Buterin Transfers Over $1.8 Million in ETH and USDC to Privacy Protocol Railgun According to blockchain data, the transfers were made through an intermediary wallet address starting with 0x18…F10E. Buterin, known by his ENS domain name vitalik.eth, has long advocated for user privacy in the Ethereum ecosystem. His latest transaction with Railgun reaffirms this stance. In his past statements, Buterin has argued against the idea…