Author: NBTC
The U.S. seeks to forfeit millions in crypto from a Binance account, alleging wire fraud and money laundering tied to a fraudulent investment scheme. US Government Moves to Forfeit Crypto Seized from Binance Account The U.S. government has initiated a civil forfeiture action against cryptocurrency holdings seized from a Binance account, alleging their involvement in wire fraud and money laundering. The case, filed in the U.S. District Court for the District of Massachusetts on Feb. 19, involves digital assets that were confiscated in October last year. The complaint lists several cryptocurrencies, collectively referred to as the Defendant Property: 7.23918814 BTC,…
The new market data raises concerns about the short-term price progress of Bitcoin ($BTC). As per the data from a CryptoQuant analyst, the Bitcoin Coinbase Premium Index shows rising selling pressure from the investors in the U.S. The analyst took to social media to reflect on the present market conditions surrounding Bitcoin and their likely implications. Bitcoin Coinbase Premium Index shows selling pressure from US investors and a lack of demand by institutional investors.What is the Coinbase Premium Index? 👇The percent difference between Coinbase Pro price (USD pair) and Binance price (USDT pair). pic.twitter.com/Kgzyq09WNj — IT Tech (@IT_Tech_PL) December 28,…
The Ripple-affiliated XRP cryptocurrency has started the new year in the green. According to data provided by CoinGecko, it is up by 1.8% over the past 24 hours, currently changing hands at $2.17. Notably, it is the only top 10 cryptocurrency that is currently in the green. Other major altcoins have had a rather underwhelming start this year. Ethereum (ETH) and archrival Solana (SOL) are down 2.6% and 3.3%, respectively. XRP is also among the most traded cryptocurrencies over the past 24 hours, generating nearly $4 billion in trading volume. This comes after the controversial token stole the spotlight in…
“The crypto industry has been held back by regulatory ambiguity, with a knee on its neck for the last four years. But that’s about to change,” declares Michael Higgins, CEO of Hidden Road, In an interview with Finance Magnates. The multi-asset prime broker and clearing firm recently secured a license under Markets in Crypto-Assets (MiCA) regulation in the Netherlands, marking a significant step in its strategy to establish regulated infrastructure for institutional crypto trading globally. The Hidden Road CEO outlined the company’s strategic vision and shared insights on the evolving regulatory landscape for digital assets. The license acquisition positions the…
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…
Ripple has unlocked a massive volume of XRP tokens from its escrow today, which is in line with the monthly schedule. However, the latest unlock has come with a mysterious message that has intrigued the XRP community. Notably, popular market tracker Whale Alert highlighted Ripple’s January 1, 2025, unlock in a post on X. Details of Ripple’s Latest XRP Unlock According to the update, 500 million XRP left Ripple’s escrow account for an unknown destination today at 06:57 (UTC). At the time of the transaction, the unlocked tokens were valued at $1.07 billion. The unlock occurred at the “Ripple 25”…
Argentina’s Senate voted Thursday to scrap primary elections, delivering a major legislative victory to President Javier Milei just as he faces intense scrutiny over his role in a crypto rug pull that wiped $4.6 billion from the market last weekend. Senators voted 43 in favour and 20 against, with six abstentions, to cancel this year’s primary elections. Argentina’s unusual system obliges all parties to hold simultaneous primaries a few months before legislative and presidential polls, acting as an election dress rehearsal that often causes market turmoil. Javier’s crypto misadventures Javier’s week took a sharp turn when his Friday night post…
Ethereum remains the dominant blockchain network with the highest total value locked (TVL) of $121.26 billion, despite a 0.71% daily decline and a 11.85% drop over the past month. The network supports 1,418 protocols, significantly more than its competitors, and maintains a market capitalization of $329.19 billion, resulting in a market cap-to-TVL ratio of 2.7. Tron (TRX) continues to hold the second-highest TVL at $8.34 billion, showing relative stability with only a 0.21% daily decrease. However, the network has witnessed a 9.12% drop over the past week and a 27.53% decline in the last month, marking a significant downward trend.…
With the crypto market’s valuation sitting at $3.33 trillion and bitcoin holding steady above the $90,000 range for a cumulative 43 non-consecutive days, an intriguing trend has emerged—vintage crypto wallets have started stirring after years of inactivity. Million-Dollar Transfers From Long-Inactive Crypto Wallets As 2024 wraps up, digital currency prices stand significantly higher than where they began the year. These elevated prices have prompted long-term holders to reevaluate their strategies, leading to movements of cryptocurrencies that had remained untouched for years. Recently, Bitcoin.com News spotlighted a few aged bitcoin unspent transaction outputs (UTXOs) being moved for the first time in…
Crypto investors are still piling into memecoins despite the outsized risks associated with this type of digital asset, Kraken said in a report on Wednesday, after conducting a survey of holders in the U.S.. 85% of respondents said that they invested in memecoins, and 76% said they believed the “potential rewards justify the risks.” Somewhat surprisingly, “44% of crypto holders believe memecoins will improve the credibility of the crypto market,” and 42% said they expected them to outperform other cryptocurrencies this year, the report said. Fear of missing out (FOMO) was cited as one of the top reasons for investing…