Author: NBTC
Avraham “Avi” Eisenberg and his lawyers are seeking leniency in a recently filed sentencing memorandum related to his child pornography and cryptocurrency market manipulation charges. Eisenberg famously manipulated the Mango Markets DAO by entering into a series of transactions that allowed him to appropriate large quantities of assets. After the Federal Bureau of Investigations received a search warrant for Eisenberg’s phone, they identified child pornography on the device. Read more: Crypto felons SBF and Avi Eisenberg reunited in infamous NY prison The sentencing memorandum notes that Eisenberg states that he will not “break any more laws.” Additionally, it notes that…
The U.S. state of Wyoming has identified nine candidate blockchains to host its upcoming stablecoin, dubbed WYST. The state has selected Layerzero, an omnichain interoperability protocol, as the top-ranked vendor for smart contract development. Wyoming Eyes Multiple Blockchains for Upcoming Stablecoin Launch The U.S. state of Wyoming has identified nine candidate blockchains as potential hosts for its soon-to-be-launched stablecoin. According to Anthony Apollo, executive director of the Wyoming Stable Token Commission, LayerZero, an omnichain interoperability protocol, emerged as the top-ranked vendor for smart contract development during a procurement process. This selection of LayerZero, Apollo said, allows Wyoming to launch on…
Robert Kiyosaki, venture investor, entrepreneur, also widely known as the author of the book on finance literacy “Rich Dad Poor Dad”, has addressed his followers on the X platform to talk to them about Bitcoin. He made the tweet in the form of a short “question and answer” session, sharing a question that he often gets asked and then answered it, revealing an important thing about Bitcoin and his take on it. Kiyosaki slams US dollar over Bitcoin Financial guru Kiyosaki explained why he has, apparently, not long ago, bought more Bitcoin and another safe-haven asset – gold. He reckons…
On-chain data analytics platform Lookonchain recently spotted a huge transaction from a top Pepe whale. On Friday, this large investor tagged Nascent sold 175 billion PEPE, valued at about $1.5 million. The transaction occurred when PEPE shed a zero, attempting to recover from persistent price drops. PEPE whales remain resolute Lookonchain explained in an X post that Nascent remains a persistent PEPE whale, conducting regular purchases and sales. Notably, Nascent bought 608.85 billion PEPE worth $7.73 million between June 6 and July 15, 2024. Subsequently, Nascent began selling its PEPE holdings when the price skyrocketed Nov. 13, 2024. The investor,…
In a potential sign of brewing tensions regarding key language in multiple stablecoin bills circulating in Congress, House Majority Whip Tom Emmer (R-MN) said this week he doesn’t believe stablecoin issuers like Tether should have to comply with the anti-money laundering Bank Secrecy Act—a major sticking point of both the Senate’s stablecoin-focused GENIUS Act, and the House’s parallel STABLE Act. Including such a provision in the legislation would unfairly box out foreign issuers, Emmer argues. The lawmaker believes stablecoin issuers, regardless of jurisdiction, should not be subject to the stringent anti-money laundering rules under the Bank Secrecy Act. “The protections…
USDC stablecoin continues to play an important role in the financial landscape. It recently experienced consistent growth, enabling multiple users to settle payments and token transfers. While active USDC addresses have been on the rise, users are using various blockchains to interact with the stablecoin and access other financial products. Today, crypto analyst CryptoRank.io shared data that ranked top blockchains that recorded the highest numbers of active USDC addresses over the past month. These are platforms that drive USDC user engagement. Polygon is the go-to chain for USDC transfersActive unique $USDC addresses on @0xPolygon reached 2.7M in the last 30…
Bitcoin (BTC) has surged past the $100,000 mark, hitting a key psychological level in the period of ongoing volatility. The cryptocurrency recently traded between $96,000 and $97,000, facing multiple rejections at resistance levels. While sentiment remains cautiously optimistic, BTC must sustain this momentum to confirm a bullish breakout. Technical Analysis: Bitcoin Tests $100K Resistance, Support at $91K Bitcoin price dynamics (January 2025 – February 2025) Bitcoin’s price action shows resistance between $100,000 and $102,000, with a stronger barrier forming near $108,000 – $109,000. Immediate support is between $91,000 and $92,000, an area where buyers have historically entered the market. A…
Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a 5,277% surge in large holder netflows, an indicator that provides an idea of the change in the positions of whales or large holders. After days of stagnation, Shiba Inu whale netflows surged from 128.59 billion SHIB to 3.5 trillion SHIB on Feb. 7. The sudden surge in netflows often signals increased accumulation from whales and a positive indication if sustained. The spike in large holder netflows coincides with a significant increase in large holder inflows with 3.8 trillion SHIB recorded in the last 24 hours, contributing to an 892% surge in the…
Arthur Hayes, the former CEO of crypto exchange BitMEX, has been granted a pardon by U.S. President Donald Trump, according to a Friday report from CNBC. Trump reportedly also pardoned Hayes’ co-founders at BitMEX, Samuel Reed and Benjamin Delo. In 2020, the U.S. Department of Justice (DOJ) brought charges against BitMEX, its three co-founders, and its first employee, Gregory Dwyer, accusing them of violating the Bank Secrecy Act (BSA). Prosecutors alleged BitMEX advertised itself as a place where customers could use its platform virtually anonymously, without providing basic know-your-customer (KYC) information. All four individuals eventually pleaded guilty and were sentenced…
A Strategic Bitcoin Reserve bill in Texas was referred to the Senate’s Finance Committee today, signaling a step in the state’s push to hold Bitcoin as a reserve asset. This move comes with growing interest from various U.S. states in establishing Bitcoin reserves and could position Texas at the forefront of integrating digital assets into state financial strategies. NEW: A Strategic Bitcoin Reserve bill in Texas was referred to the Senate’s Finance Committee today.Bullish! 🇺🇸 pic.twitter.com/O3HEghjRlT — Bitcoin Magazine (@BitcoinMagazine) February 7, 2025 The proposal, which has already gained traction in Texas’ legislative circles, is part of a broader trend…