Author: NBTC
The U.S. Securities and Exchange Commission sued crypto company Unicoin and three executives on Tuesday night on fraud charges, saying the company raised over $100 million for tokens that were not actually backed by the real estate its executives claimed. The SEC sued Unicoin, CEO Alexander Konanykhin, former board chair Maria Moschini, senior vice president and general counsel Richard Devlin and former chief investment officer and investor relations officer Alejandro Dominguez on securities law violations, Among its allegations, the SEC said Unicoin never actually owned the real estate properties it told investors it had acquired, and that those properties’ values…
This is a segment from The Drop newsletter. To read full editions, subscribe. Crypto gaming studio VOYA Games has raised $5 million in funding in a round led by 1kx and Makers Fund, with RockawayX also investing. Angel investors Jeff Zirlin, who cofounded Sky Mavis, and Sebastien Borget, cofounder and COO of The SandBox, also participated in the round (Zirlin is also a partner at 1kx). “Our goal is to build a token ecosystem where games are connected through a shared player economy and culture,” said VOYA Games CEO and founder Oliver Loffler. The studio plans to use the funding…
Bitcoin BTC$106,546.31 notched a new all-time high of $109,000 on Wednesday, but that’s small consolation for bitcoin miners, who last month were forced to cash in a record number of their BTC reserves, according to mining news outlet TheMinerMag.The firm’s latest research report reveals that public miners sold 115% of their bitcoin production in April — meaning they sold more than they produced. That is the highest ratio since the tail end of the 2022 bear market. Even today, with bitcoin breaking to a new record high above $109,000, hashprice (what miners earn per unit of computational power) has failed…
⚈ Rumors on X claim Nvidia may add Bitcoin to its balance sheet, though no official confirmation or SEC filing supports this.⚈ The speculation gained momentum after Strategy (formerly MicroStrategy) announced a new Bitcoin purchase of 1,895 BTC for $180.3 million.⚈ Despite Nvidia’s crypto mining history, its latest earnings report focuses solely on AI and data centers, with Bitcoin trading lower at $94,168. Social media platforms, particularly X, have been flooded with rumors suggesting that chipmaker Nvidia (NASDAQ: NVDA) might be planning to add Bitcoin (BTC) to its balance sheet. Several reports claimed the artificial intelligence (AI) giant had already…
Ethereum (ETH) is gaining new attention from traders, with several recent market moves fueling a more bullish outlook despite some earlier choppy price action. At the time of writing, ETH traded at $2,608.76, up 2.63% on the day, according to CoinMarketCap data. This climb followed a dip below $2,450 during the previous trading session, and the nature of this recovery is one key reason for the growing optimism. Source: CoinMarketCap ETH’s V-Shaped Recovery Above $2,600: A Key Bullish Signal for Traders The rebound began as a V-shaped reversal, starting late on May 20. This quick turnaround raised ETH’s price by…
U.S. stocks slid in early trades on Tuesday, May 20, 2025, with the S&P 500, Dow Jones Industrial Average and Nasdaq opening lower. The Dow Jones Industrial Average opened nearly 50 points down, while the S&P 500 slipped 0.3%. Stocks’ struggles in early trades on Tuesday hinted at possible cool down, with Nasdaq Composite also opening down 0.4%. The largely uninspired trading comes after Wall Street optimism helped major indices higher, with the S&P 500 notching six straight days of gains. A pullback would see U.S. stocks snap its winning streak. Performance across the equities market on Tuesday contrasted with…
Today, New York City hosted its first ever crypto summit. The event took place at Gracie Mansion, the mayor’s residence, and was attended by prominent figures from the crypto industry, many of whom are based in New York. At the event, Mayor Adams made the case that he felt the attendees’ pain, stating that they’ve wrongfully been persecuted, and he claimed that it’s now safe for those in the Bitcoin and crypto industry to both speak up and set up shop in New York. “Look how they’ve treated you,” said Mayor Adams. “You were treated as though you were the…
The company has partnered with Luffa, a service that provides confidential and secure messages. The alliance aims to boost communication quality in Web3 by removing central storage and lessening the risk of privacy breaches. Luffa offers a communication app that avoids centralized storage and does not require exchanging private information. This collaboration adds to Kalp Network’s blockchain industry infrastructure. Kalp strengthens its role in Web3 by making Luffa’s security available to users and institutions needing compliance. Kalp to Strengthen Cross-Chain RWA Infrastructure Kalp Network continues to work on Real-World Asset (RWA) tokenization by building a cross-chain infrastructure. Kalp is the…
Last week, in a moment of uncharacteristically sneaky behavior, a small group of developers attempted to quietly change the default mempool policy of Bitcoin Core, the world’s dominant software for full nodes. After re-introducing a failed 2023 proposal to raise the data storage capability of OP_RETURN outputs, critics flagged down the 2025 copycat before it merged into production. Colloquially, some are referring to the surprising incident as a sort of bitcoin OP_RETURN war. Mononaut joked that it was akin to forking Bitcoin for quantum resistance, skipping the mailing list and BIP process, and jumping straight into merging code into production.…
Wrapped stETH (wstETH) is a currency that combines the flexibility of decentralized finance (DeFi) with the advantages of Ethereum staking. In this article we’ll discuss what is Wrapped stETH, how it works, what it is used for, and price history of Wrapped stETH (WSTETH). Table of Contents What is Wrapped stETH? How does Wrapped stETH work? Price history of Wrapped stETH What is Wrapped stETH? A stable variant of staked ether, Wrapped stETH (WSTETH) is a currency intended for usage in decentralized finance (DeFi) applications. By staking ETH using Lido’s liquid staking platform, one can receive a wrapped version of…