Author: NBTC
Crypto exchange Coinbase and marketing firm Marden-Kane have agreed to pay a $2,250,000 settlement to resolve all claims in a years-long class action lawsuit brought by a disgruntled customer who partook in an allegedly “false and misleading” Dogecoin sweepstakes, court documents filed last week show. The settlement, if approved by the U.S. District Court in the Northern District of California, would compensate all of the exchange’s users in the U.S. who opted into the Dogecoin sweepstakes and traded $100 worth of the meme coin during a one-week period in June 2021. Launched alongside Dogecoin’s Coinbase trading debut, the promotion promised…
Ki Young Ju, CEO of crypto analytics platform CryptoQuant, revealed that all three major presidential candidates in South Korea support spot Bitcoin ETFs and institutional investments. This approach is expected to have a profound impact on the electoral process, despite the fact that Bitcoin ETFs and institutional investors are not currently allowed in the country. Currently, 100% of cryptocurrency trading is done by individual investors. Democratic Party candidate Lee Jae-myung and People’s Power Party candidate Kim Moon-soo are drawing attention with bold cryptocurrency promises unseen in previous elections to win over young and middle-class voters. Both major candidates today promised…
Prominent cryptocurrency tracker Whale Alert, which monitors large cryptocurrency transfers, has detected a large Bitcoin deposit made to Coinbase Institutional, the branch of the largest US-based cryptocurrency exchange that deals with financial institutions. It happened while the world’s largest cryptocurrency, Bitcoin, stage a growth large enough to push it above the $105,000 price level. $52,933,217 in Bitcoin shifted to Coinbase The aforementioned data source spread the word about a substantial amount of Bitcoin shoveled to Coinbase Institutional approximately four hours ago. The deposit carried 509 Bitcoins valued at $52,933,217 at the time of the initiated transaction. The transfer was made…
BTCS Inc., a Nasdaq-listed blockchain technology company, plans to buy up to $57.8 million worth of Ethereum as it looks to mirror MicroStrategy’s Bitcoin accumulation. U.S.-based BTCS is looking to execute this initiative via the proceeds of a convertible notes issuance of up to $57.8 million. ATW Partners will lead the capital raise, with BTCS Inc. using the funds to purchase Ethereum (ETH). Buying more ETH is part of the company’s plan to expand its digital asset footprint, including through validator node operations, it said in an announcement on May 14. It wants to be the Strategy of ETH. “This…
New cryptocurrency projects provide a unique opportunity for investors. Due to the nascent nature of the sector and high volatility, some new crypto projects explode in value seemingly overnight, generating returns that are mostly unheard of when investing in more established crypto assets or traditional financial instruments. However, with thousands of new crypto projects launched every few weeks, it can be difficult to separate those that are truly promising from those that are just looking to take advantage of the fast-moving crypto space and have no concrete roadmap goals. In this article, we will examine what are, in our opinion,…
On Monday, May 12, the defense in the Samourai Wallet case submitted a letter to the SDNY in which it made the case for the court to schedule a hearing regarding the information that came to light on April 1, 2025 about an August 23, 2023 call between the prosecution (“Government”) and FinCEN in which members of FinCEN stated that they didn’t believe that Samourai Wallet was a money transmitting business due to the noncustodial nature of the product. The submission of this letter comes on the heels of a letter that the prosecution submitted to the court on Friday,…
Atlanta-based firm Bitpay has introduced HODL Pay, enabling users to borrow stablecoins against cryptocurrency holdings for payments without liquidating assets. The service integrates decentralized finance (DeFi) protocols with Bitpay’s merchant network. Crypto Users Can Now Borrow Stablecoins via Bitpay’s HODL Pay In a message shared with Bitcoin.com News, Bitpay explained that in order to use HODL Pay, customers must collateralize crypto on Aave, a DeFi lending platform. Existing Aave users can immediately spend borrowed stablecoins; new users must first deposit eligible assets. Borrowed funds settle Bitpay invoices for retail purchases, travel, bill payments, or gift cards. Users generate a Bitpay…
As Bitcoin trades above $104,000, several large traders have initiated high-risk short positions, exposing themselves to steep liquidation threats. Leveraged bets against Bitcoin’s current bullish momentum are mounting, with at least three whale traders deploying massive capital using up to 40x leverage. These positions are already incurring heavy unrealized losses, while ongoing funding payments offer limited compensation against market pressure. Whale Wallet Faces Liquidation Risk at $105,700 According to a disclosure from blockchain resource Lookonchain, wallet address 0x51d9 has opened a $93 million short position on Bitcoin, deploying 40x leverage. Many gamblers are shorting $BTC with high leverage! 0x51d9 opened…
According to blockchain analytics firm Sentora (formerly IntoTheBlock), nearly $1.2 billion worth of Ethereum (ETH) was withdrawn from centralized exchanges during the seven days ending May 13, 2025. This large-scale movement coincided with uncertain netflows and increasing price momentum, signaling shifting investor approaches across the week. $1.2 billion worth of ETH has been withdrawn from centralized exchanges in the past 7 days.This sustained trend of net outflows, intensifying since early May, signals continued accumulation and reduced sell-side pressure. pic.twitter.com/fMYJmPOnB0 — Sentora (previously IntoTheBlock) (@SentoraHQ) May 14, 2025 ETH Exchange Flows Fluctuate Wildly, Culminating in Huge One-Day Deposit Between May 6…
BarriC, a prominent voice in the XRP community, has boldly claimed that banks and financial institutions have not yet fully adopted XRP. He bases this belief on XRP’s relatively low price, as the coin continues to trade around $2. According to BarriC, a significant indicator of widespread bank adoption would be a much higher price point. Current Prices Reflect a Pre-Adoption Phase He asserted that the price of XRP could soar into the hundreds or even thousands of dollars once global banks begin actively utilizing the digital asset. BarriC suggested that the value of XRP could reach levels such as…