Author: NBTC
Cardano-based light wallet, Yoroi Wallet, announces plans to integrate with Walmart to allow users to earn ADA cashback whenever they purchase goods from the retail store. Bring, a popular white-label cashback platform, announced the development yesterday on X. According to the post, Walmart will soon be integrated with Yoroi Wallet, enabling users to shop for different items like fashion products, electronics, and groceries. Cardano Cashback Rewards The upcoming integration comes with a special incentive, allowing shoppers to earn ADA cashback on their purchases. “From household items to the latest tech gadgets, Walmart has everything you need. Soon, your shopping will…
Three people pulled a prison sentence from a South Korean court for orchestrating an investment scheme that defrauded victims of around 610 million Korean won (approximately $416,000). Busan District Court Criminal Division 6 convicted the defendants of breaching the Act on the Aggravated Punishment of Specific Economic Crimes. Busan crypto scammers deceived investors with false promises The three men ran an illicit crypto investment in a building in Busan in June 2019, deceiving investors by promising to “select and trade around 1,000 quality coins (virtual currencies) from around the world. They promised investors monthly returns equivalent to 30% of their…
Cango Inc., the 14th-largest publicly listed bitcoin miner by market cap, has entered definitive agreements to sell its China-based operations to Ursalpha Digital Limited for $351.94 million, accelerating its focus on global bitcoin mining. Cango Sheds PRC Operations to Fuel Mining Ambitions Cango’s (NYSE: CANG) cash deal includes an initial payment of $210.64 million upon closing, with the remaining $141.3 million contingent on Cango fulfilling tax obligations and reducing credit risk exposure linked to sold entities. The transaction, approved by Cango’s board and a special committee, responds to a March 14 proposal from Enduring Wealth Capital Limited (EWCL) to acquire…
Bitcoin is entering one of its strongest months of the year, but rising concerns over global tariffs and inflation risks could dampen its performance. According to CoinGlass, February has historically been a positive month for the leader BTC, closing in the green with an average return of 14% in all but two years since 2013. Having finished January with a 9% gain, investors are bracing for increased volatility due to changing macroeconomic conditions. Market analysts are warning that recent geopolitical developments could overshadow Bitcoin’s seasonal strength. Antoni Trenchev, co-founder of cryptocurrency exchange Nexo, noted the impact of the sweeping tariffs…
Crypto and stock markets alike saw a jump Wednesday morning following a report that Tesla and SpaceX CEO Elon Musk will depart his current role as a close ally to President Donald Trump. Bitcoin rapidly spiked to $87,300 for the first time since March 27, while major stock market indices like the S&P 500 and Nasdaq both bounced into the green for the day following the publication of Politico’s report, which cites three sources close to Trump who asked not to be named. Tesla (TSLA)—one of the world’s biggest publicly traded Bitcoin reserve holders—saw a surge following the report, rebounding…
The United Arab Emirates (UAE) government and cryptocurrency project Shiba Inu have partnered to promote Web3 innovation and growth in the country. In an announcement shared with crypto news, Shiba Inu (SHIB) stated that the collaboration involves the UAE’s Ministry of Energy and Infrastructure. It marks the first major partnership between a UAE government entity and a crypto project. As part of this collaboration, the MoEI and Shiba Inu have signed a memorandum of understanding under which the MoEI will leverage Shiba Inu’s platform to integrate Web3 solutions into key sectors such as energy and infrastructure. The Shiba Inu team…
Vanuatu has become the latest country with a proper legal framework for cryptocurrencies, as its Parliament last week passed the Virtual Asset Service Provider (VASP) Act. Now, virtual assets are defined in the country as “digital representations of value that may be traded and function as a medium of exchange, a unit of account, or a store of value.” However, the legislation does not cover digital representations of fiat currencies, securities, and national digital currencies, including central bank digital currencies (CBDCs). The announcement further highlighted that despite the regulations, cryptocurrencies are not legal tender in the country. “The VFSC, however,…
MARA Holdings reported an increase in Bitcoin mining activity for March, producing 829 BTC and winning 242 blocks, a 17% rise from February. This marks the company’s third-highest monthly block count, according to a company note. The increase comes as global mining difficulty continues to climb, underscoring MARA’s ability to maintain competitive efficiency. The company averaged 26.8 Bitcoin (BTC) per day in March, up from 25.2 BTC in February, and its share of available miner rewards grew to 5.8%. MARA’s total Bitcoin holdings reached 47,531 BTC by the end of the month, including loaned and collateralized assets. In March, MARA…
The rally in bitcoin (BTC) and crypto from the weekend’s tariff-induced panic has proven to be a short-lived one. Late in the U.S. trading day, bitcoin was down 4.8% over the past 24 hours to $96,900 after having climbed up to the $101,000 level just two hours earlier. Much of the altcoin sector fared worse, with solana (SOL), (XRP), cardano (ADA) and chainlink (LINK) sporting declines of 6%-10%. Ether (ETH) was lower by 5.3%. The start of today’s late tumble appeared to coincide with a crypto-related press conference held by White House crypto and AI czar David Sacks alongside the…
The long-awaited April 2nd US Independence Day has arrived. US President Donald Trump is expected to announce bilateral tariffs for global trade. According to Trump’s plan, the US will impose reciprocal customs duties on every country in the world that imposes customs duties on the US, without exception, and it will be announced today. White House spokeswoman Karoline Leavitt said in a press conference that the tariffs would go into effect immediately after they were announced, adding, “April 2, 2025 will go down in history as one of the most important days in modern American history.” Trump’s speech, which has…