Author: NBTC

U.S. prosecutors are considering bringing charges against Dragonfly Capital Partners’ Tom Schmidt and some of his colleagues over their investment in the developer behind Tornado Cash, Assistant U.S. Attorney Thane Rehn said Friday at Roman Storm’s criminal trial in New York. The federal government’s revelation came as defense lawyers attempted to call Schmidt as a witness in Storm’s trial. The general partner and his team invested in Pepper Sec Inc., an entity owned by Tornado Cash developers, in 2020.  “In 2023, we received a DOJ subpoena and have fully cooperated with the government’s investigation of Tornado Cash, confident that we…

Pro-crypto Senator Cynthia Lummis reacts to reports that the United States government has sold more than 80% of its Bitcoin stash, referring to the move as a strategic blunder. Yesterday, the crypto community was stirred by reports claiming that the U.S. government had offloaded a significant portion of its nearly 200,000 BTC stash. Some sources stated that the sale had reduced the government’s Bitcoin holdings to just 28,988 BTC, an 85% drop from the 198,012 BTC it held earlier this year. Senator Lummis Reacts For context, the reports emerged after a FOIA response from the U.S. Marshals Service (USMS) surfaced…

The current Ethereum price range is just below a critical resistance level as spot ETFs attract billions in inflows, signaling growing institutional confidence. With strong technical patterns forming—most notably an inverse head-and-shoulders on the weekly chart—and Ethereum’s dominance across NFTs, DeFi, and tokenized assets, a breakout past $4,100 could pave the way for a surge toward $5,000. Summary Ethereum price was stuck in a tight range on Saturday. Data shows that spot Ethereum ETF inflows are soaring. ETH has formed an inverse head-and-shoulders on the weekly chart. Ethereum (ETH) was trading at $3,745 on Saturday, July 26, a few points…

In a significant move that could signal a growing trend, Aurora Mobile, a Nasdaq-listed technology firm based in China, has announced its intention to allocate a substantial portion of its cash reserves to cryptocurrencies. This bold decision marks a pivotal moment, as more established companies consider digital assets as a legitimate component of their financial strategy. For anyone tracking the convergence of traditional finance and the crypto world, this development is certainly one to watch. Aurora Mobile Crypto Investment: A New Corporate Trend? The news from Aurora Mobile, disseminated via a GlobeNewswire press release, reveals a strategic allocation of up…

A partnership between Cardano and the XRP ecosystem has gained momentum amid prospects of a Tokeo Wallet integration on the XRPL. Cardano-based next-generation smart wallet Tokeo Wallet plans to integrate with the XRP Ledger, sparking widespread enthusiasm among Cardano and XRP enthusiasts. Community pundit Angry Crypto Show brought this to the limelight in a post on Tuesday, with the Tokeo Wallet’s official X account confirming the plans. A Start of the Long-Teased Partnership? The July 15 tweet disclosed that Cardano’s Tokeo Wallet is currently exploring a possible integration into the XRP Ledger. The incorporation aims at creating interoperability between the…

Tyler Winklevoss is accusing JPMorgan Chase of halting efforts to onboard his crypto company, Gemini, after he publicly criticized the bank on X. The comments came on July 19, shortly after Bloomberg reported that JPMorgan had decided to start charging fintech companies for access to their users’ banking data. Tyler said this new policy would financially destroy fintechs that help people link their bank accounts to platforms like Gemini. Tyler took his frustration to X, tagging Jamie Dimon, the bank’s chief executive, in his post. “Sorry Jamie Dimon, we’re not going to stay silent,” Tyler wrote. “We will continue to…

Bitcoin recently reached a new all-time high (ATH) but encountered a brief pullback as the market overheated. However, with the resilience in the ETF market, Bitcoin has largely returned to normalcy. With substantial ETF inflows, Bitcoin’s price could soon push past its previous ATH. Bitcoin is Ready To Bounce Back The Network Value to Transaction (NVT) Ratio spiked earlier this month, following a similar spike in June. The NVT Ratio measures the relationship between the network value and transaction activity. A rising NVT Ratio suggests the network value was exceeding the transaction activity, which generally is a sign of the…

While Ethereum is gaining momentum with huge investors injecting it with dollars and ambitious Ethereum treasury companies starting to pop up, the Ethereum exit queue began to grow quickly after July 16. It doubled between July 23 and July 24, exceeding 680,000 ETH by the evening. This sum is equivalent to $2.5 billion. What does it signal? If people prefer to sell their ETH holdings rather than stake them, does it mean the price will go down soon? Summary $2.5 billion worth of Ether will be unstaked in around 11 days. It is the biggest exit queue in Ethereum’s history…

South Korea’s largest bank, KB Kookmin, has filed 17 different stablecoin-focused trademark applications in parallel with efforts to create the legal basis for stablecoins indexed to local currencies in the country. South Korea’s Largest Bank KB Kookmin Files Trademark Applications for Stablecoin Consortium The applications cover possible stablecoin symbols such as KBKRW, KRWKB, KBST, and KRWST. According to data from the South Korea Intellectual Property Rights Information Service (KIPRIS), these applications were filed between Monday and Tuesday. Product classifications include software for virtual/digital currencies and software that manages cryptocurrency transactions with blockchain technology. Speaking to local media outlet Aju Economic…

Hedera To Earn (HTE) has announced the official launch of a new platform aimed at aggregating several apps to work under a unified reward system based on the $HTE token. The shift will place Cashtree, Mars Labs and Berryfox under the same ecosystem where users gain rewards on various sets of applications built using Hedera Hashgraph. The shared incentive layer will be a $HTE token that is registered with Hedera token ID 0.09184724. Individual partner apps can still maintain their tokens and are compatible with the rewards in the form of $HTE. Today, @HederaToEarn (HTE) announced its imminent launch on…