Author: NBTC

The U.S. Treasury has sanctioned a Russian national working at Polyus, Russia’s largest state-owned gold producer for being involved in a complex crypto laundering scheme. The U.S. Department of Treasury on Jan. 12 announced another package of sanctions against 300 individuals and entities to “restrict the ability” of the Russian military-industrial base to “take advantage of certain U.S. software and information technology” as the country “completes transition to a full war economy.” As noted by blockchain intel firm TRM Labs, the Office of Foreign Assets Control (OFAC) also targeted Russian national Andrey Sudakov, who appears to be an employee of…

On Thursday, spot Bitcoin exchange-traded funds (ETFs) in the United States experienced a mix of inflows and outflows, resulting in a 13th consecutive day of total net inflows of $48.71 million. In particular, two significant movements were observed in the funds of Fidelity and Ark Invest. Ark Invest’s Spot Bitcoin ETF Sets a Record of $100 Million in Daily Net Outflows Fidelity’s FBTC led in net inflows with $119 million. In stark contrast, Ark Invest’s ARKB had a record net outflow of $100 million, its biggest single-day outflow since January, according to SoSoValue data. BlackRock’s IBIT, the largest spot Bitcoin…

The upcoming ZetaChain’s XP airdrops would witness up to 10 million ZETA distributed from the User Growth Pool (UGP) to users in Round 1. ZetaChain apps are set to play a key role in this campaign with the power to determine the amount of reward for their users. The first universal Layer 1 blockchain ZetaChain has “Requested for Proposals” (RFP) from ZetaChain apps pending the upcoming round 1 of the XP Airdrop. According to the announcement, this would focus on the first snapshot of XP users taken on May 1, 2024, with the ZetaChain apps mandated to determine the appropriate…

While Narendra Modi is sworn in as India’s Prime Minister for a consecutive third term, the nation’s Web3 industry is hoping the new government will establish a forward-thinking regulatory framework for blockchain, digital assets, and the emerging tech industry, while balancing innovation with protection. Seventy-three-year-old Modi and Members of Parliament (MPs) set to be part of the Council of Ministers in the new government were sworn in on June 9. In what was the world’s biggest election with about 970 million registered voters, India held its seven-phased voting process from April 19 to June 1 to elect 543 members of…

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…

Bitcoin’s price has been consolidating for almost 3 months now after making a new all-time high around the $74K mark. Since then, the asset has failed to produce a new peak, but a new rally might begin soon. Technical Analysis By TradingRage The Daily Chart Bitcoin’s price action has been choppy on the daily timeframe, as the market has been consolidating inside a descending channel. Yet, the asset is currently testing the higher boundary of the channel and the $68K level. While it has not been successful in breaking to the upside, the momentum is still bullish, and such a…

Santiment analytics aggregator has released a report about Ethereum and to other notable altcoins – Shiba Inu and Chainlink. The data it shared shows that a positive move on the market has just happened for bullish traders of these three cryptocurrencies. Bullish SHIB, ETH and LINK sign revealed by Santiment The tweet published by the aforesaid data source earlier today shows that the supply of SHIB, LINK, and ETH held by whales on cryptocurrency exchanges has drastically shrunk since May 27. The top ten wallets on these networks have seen their holdings plunge – SHIB went down by 2.4%, LINK…

Bitcoin (BTC) again retraced from its current price range’s resistance back to $67,000 and now trading at $68,300. However, the leading cryptocurrency has been building strong momentum that could soon pay off with a possible range breakout. This 3-month price range, particularly, has built support at $60,000 and resistance at $72,000, with two deviations. The first deviation led to new highs at $73,805, upwards, while the second reached slightly above $56,500, downwards. Nevertheless, BTC has managed to keep trading above its 30-day exponential moving average (30-EMA) at $66,628 since May 15. The daily relative strength index (RSI) also marks a…

GMC surged 6,300% with a $310.3M market cap, driven by concentrated liquidity and high volatility. RMP mimics meme token success, up 46,400% with $215M cap, notable for rapid growth. BOOTY, inspired by Kim Kardashian, soared 23,400% with a $564.5M cap, attracting investor attention. On days when the crypto market consolidates and Bitcoin (BTC) climbs in response to positive US economic data, big altcoins typically surge. In these circumstances, astute traders shift their attention to the day’s greatest crypto gains and use tools like DEXScreener to identify major movers in the on-chain market. Here are three of them. Game Paint (GMC)…

Australia’s regulators are looking to include stablecoin legislation into its legislative bill for the digital assets sector. A representative of the Australian Securities and Investments Commission said they had held meetings with regulators like the SEC about their legal positions on crypto. Australia’s regulators have provided rare updates on their plans for the digital assets sector, including plans to introduce a draft framework for stablecoins and hinted that more enforcement is on its way against unlicensed entities during an event in Sydney on Wednesday. The event, Digital Assets: Anchoring the Digital Economy, was hosted by Blockchain Australia, the nation’s policy…