Author: NBTC
According to The Wall Street Journal, federal agents arrested Roman Storm, a 35-year-old software developer, at gunpoint in August 2023 at his home in Auburn, Washington, as part of a criminal investigation tied to his involvement in Tornado Cash, a controversial crypto mixer that ran on Ethereum. Roman is now heading to trial this July 14 in Manhattan, charged by the U.S. Attorney’s Office for the Southern District of New York with three criminal counts—conspiracy to launder money, conspiracy to violate sanctions, and conspiracy to operate an unlicensed money-transmitting business. He faces up to 45 years in prison. The arrest…
As Thailand moves toward digital transformation, the country’s telecommunications watchdog is taking up the challenge of transforming key economic sectors. The National Broadcasting and Telecommunications Commission (NBTC) has unveiled several initiatives to bring Thailand closer to full-scale digitalization. The NBTC disclosed its plans at the FOSSASIA Summit 2025, drawing major players in the open-source space. In his keynote address, NBTC Chair Pachara Naripthaphan disclosed plans to revolutionize the government procurement process. Currently, Thailand’s procurement processes are hindered by red tape bureaucracy and multiple regulations, making adopting emerging technologies and achieving digitalization challenging. Naripthaphan wants to integrate advanced tools and artificial…
The Bitcoin price-moving might of President Donald Trump’s trade tactics appears to be fading. The president’s threat to slap tariffs on Canadian, Mexican, and Chinese imports dropped Bitcoin’s price to $93,000 a week ago, but his latest policy remarks caused far less chaos. On his way to watch Super Bowl LIX in New Orleans, Trump promised that his administration would unveil 25% levies on aluminum and steel imports from all countries on Monday. How soon the measures could be imposed was still unclear, as of Monday morning New York time. Despite signaling trade tensions could further escalate after an already…
Traction towards ShibaSwap has grown remarkably in the past seven days, with changes in trading volume outpacing those of high-caliber decentralized exchanges. ShibaSwap, the Shiba Inu ecosystem’s decentralized exchange, has recorded impressive numbers in the past seven days, spurred by remarkable user adoption. Key metrics of the trading platform, including volume and total value locked, have improved drastically lately. Data from DefiLlama shows outstanding growth in trading volume on ShibaSwap, outpacing major DEXs in the past seven days. The meteoric surge in adoption has placed the Shiba Inu-based exchange among the best-performing DEX platforms. ShibaSwap Adoption Surges Per the data,…
The Trade and Logistics Information Pipeline, established in 2020 by the IOTA Foundation, is rapidly gaining adoption across Africa by trade giants and government entities. TLIP has been integrated by the World Customs Organization and the Africa Trade Development Forum to enhance risk management and identify supply chain vulnerabilities. The world of digital trade is evolving rapidly, and Africa is no exception. IOTA, an open-source distributed ledger technology (DLT) platform, has become a key player in the Web3 applications and digital economies of Africa. IOTA’s Trade Logistics Info Pipeline (TLIP) is a collaborative effort between the World Economic Forum (WEF),…
On Friday, Maryland Delegate Adrian Boafo (D) and New York Assemblyman Clyde Vanel (D) sent a joint letter to Democratic Congressional leaders urging them to pass comprehensive crypto legislation at the federal level. In the letter, the elected officials cited New York State as being a leader in crypto regulation and proposed that New York’s BitLicense be used as a model for what federal crypto regulation should look like. The letter’s authors also noted that New York State has placed a two-year moratorium on proof-of-work cryptocurrency mining that uses fossil fuels (seemingly citing this as something else the federal government…
What happens when a rural African community generates more electricity than it can use? Could Bitcoin mining turn unused hydropower into a lifeline for local economic revival? Table of Contents Zengamina’s dimming vision finds a spark Gridless rigs offer a plug-and-play fix The fine line between boost and burden Can this model scale? Zengamina’s dimming vision finds a spark In the remote Ikelenge district of northwestern Zambia, a small hydroelectric plant has quietly been producing more electricity than its surrounding villages could ever use. Built in the early 2010s with $3 million in charitable funding, the 1-megawatt Zengamina facility was…
Coinbase has announced its support for Celo’s migration from a standalone Layer-1 blockchain to an Ethereum Layer-2 network. The transition is set to begin on March 25 with Coinbase temporarily suspending deposits and withdrawals of Celo’s native token, CGLD, during the upgrade. Celo’s move to Layer-2 aims to leverage Ethereum’s (ETH) robust security and expansive ecosystem while retaining its hallmark features, such as low transaction fees and fast settlement times. This strategic shift is expected to enhance scalability, reduce costs, and improve interoperability with Ethereum-based applications. Celo is transitioning from a Layer 1 blockchain to an Ethereum Layer 2.…
During a recent appearance on CNBC, Anthony Scaramucci of Skybridge Capital predicted that 2025 would be a “very good year” for Bitcoin, the leading cryptocurrency. The damage caused by the SEC delay According to data provided by CoinGecko, Bitcoin is currently trading at $97,252. Scaramucci believes that Bitcoin was supposed to reach that level all the way in 2022. As noted by Scaramucci, a spot Bitcoin ETF was supposed to be approved during the first quarter of that year. “So, all of that delay caused a lot of price damage,” he said. Growing institutional adoption Now, Scaramucci thinks that “a…
Bitcoin is stepping beyond its role as a store of value and into DeFi. BTCFi is bringing lending, staking, and yield opportunities directly to the Bitcoin network without middlemen. This shift not only unlocks new financial use cases for Bitcoin holders but also helps secure the network by keeping miners incentivized. To understand where BTCFi stands today and where it’s headed, BeInCrypto spoke with industry leaders from 1inch, exSat, Babylon and GOAT Network. They shared insights on the current landscape, key challenges, and what’s needed for BTCFi to reach its full potential. Key trends and explosive growth in 2024 The…