Author: NBTC

Kuwaiti authorities have ramped up their crackdown on illegal crypto mining, launching investigations into 31 cases and questioning 116. According to reports in local media, the investigations involve the illegal use of electricity for crypto mining across 59 residential properties, which authorities claim have strained the national power grid and caused widespread blackouts. Quoted in local news outlet Kuwait Times, the public prosecutor vowed to take “strict legal action” against those found to have violated the law. The crackdown comes two weeks after Kuwait’s Ministry of the Interior issued a warning citing the discovery of over 1,000 illegal crypto mining…

Bitcoin (BTC) faces a critical weekend as high-level trade talks between the US and China unfold in Switzerland. These talks are clouded by mistrust, dueling narratives, and zero compromise on tariffs. For crypto markets already enduring macro headwinds and thinning liquidity, the outcome or breakdown of these talks may trigger sharp price swings heading into Monday. US-China Trade Talks Signal Volatility for Bitcoin This Weekend With low trading volumes characteristic of weekends, Bitcoin could witness significant volatility between May 10 and 11. The US Treasury Secretary recently indicated plans to meet with Chinese Vice Premier He Lifeng in Switzerland for…

This is a segment from The Drop newsletter. To read full editions, subscribe. There’s now sparkling water that comes with an Abstract NFT and points attached. Rekt Brands — a crypto startup from the traders known on X as OSF (Ovie Faruq) and RektMando on social media — has launched a new drink. It’s a sparkling water dubbed Abstract Apple. Like its name suggests, Abstract Apple offers rewards for the Ethereum L2 chain Abstract. Each case of 24 cans grants the buyer Abstract XP and 25,000 DRANK points (Rekt’s rewards points), plus an Abstract NFT. Next week, case buyers can…

Ethereum (ETH) has been in a critical accumulation period, consolidating between key support and resistance levels. Analyst Michael van de Poppe highlighted that ETH is approaching a crucial price level around 0.01941. If it breaks above this area, there could be an upward movement, but failing to break it would mean further consolidation. In recent weeks, Ethereum’s price action has shown signs of gaining momentum. After a sharp decline, ETH stabilized and traded in a narrow range. The price has fluctuated between 0.01850 and 0.01941, with key support around 0.018. Source: X While the price has failed in its recent…

Share count will increase from 2 million to 14 million. Firm rebranded from Janover Inc., now trades as DFDV. Acquired validator business with 500,000 SOL stake. DeFi Development Corp., formerly known as Janover Inc., is executing a 7-for-1 stock split on May 20, expanding its outstanding shares from 2 million to over 14 million. The move follows a dramatic pivot into the Solana blockchain, which has triggered a staggering 1,700% rally in its share price over just one month. The company, now trading under the ticker DFDV on Nasdaq, has rebranded and restructured its business model around crypto infrastructure. It…

Crypto whales are accumulating NEET, PIN, and CHILLGUY ahead of the upcoming FOMC decision, signaling growing interest in select meme and DePIN tokens. NEET has surged over 41% in the past 24 hours, with whale holdings jumping 45% in just a week. PIN is down nearly 13% this week, yet large wallets have increased their exposure by 18.5%, suggesting strategic buying during the dip. Meanwhile, CHILLGUY is up 38% in seven days, and despite recent price stability, whale holdings continue to climb—hinting at expectations of post-FOMC upside. NotInEmploymentEducationTraining (NEET) NEET has surged over 41% in the last 24 hours, standing…

Binance founder Changpeng Zhao has confirmed that his legal team has applied for him to get a pardon in the US. This comes a few months after the former CEO denied reports of a deal with President Trump’s family that would see him get pardoned. At the time, the Wall Street Journal (WSJ) had claimed that the Trump family wanted to buy a stake in Binance.US in exchange for granting Zhao a pardon. However, the ex-CEO denied this on X, noting that there have been no such meetings and that the report is just a fabrication. Interestingly, he acknowledged in…

Sony’s blockchain Soneium is launching a joint campaign with Square Enix’s on-chain game SYMBIOGENESIS to provide NFT rewards on two major Soneium games. According to a press release sent to crypto.news, Square Enix’s narrative-led blockchain game becomes the latest gaming IP to collaborate with Soneium to launch its cross-game campaign. The initiative brings together three different gaming worlds through shared quests that players can take part in to earn unique collectibles. As part of the campaign, players must complete a limited-time quest within the main game in order to participate in a lottery to earn an NFT collectible hosted on…

Bhutan has become the first nation to enable crypto payments for tourism at a national scale, partnering with Binance Pay and DK Bank. Bhutan, a landlocked country in south-central Asia, is now accepting crypto payments through a new national-level tourism system powered by Binance Pay and DK Bank, which Binance calls the world’s first of its kind. The initiative allows travelers with Binance accounts to pay for nearly every part of their journey using crypto. This includes airline tickets, visa fees, hotel stays, monument entry, tour guides, and even “fresh fruit from roadside stalls,” according to a Wednesday announcement. Binance…

The Bitmain Antminer L7 is an ASIC crypto miner specialized for the Scrypt algorithm, which is used to mine the popular cryptocurrencies Litecoin and Dogecoin. The Bitmain Antminer L7 produces 9,160 MH/s in hashrate, has a power efficiency of 0.35, and a power consumption of 3,225 W (efficiency and power consumption ratings assume a temperature of 25°C). The miner was first released in November 2021 and is manufactured in Indonesia. The Bitmain Antminer L7 price ranges from $4,500 to $5,500, depending on the vendor. At the time of writing, the miner is listed as sold out on the official Bitmain…