Author: NBTC

A man who has refused to hand over almost 120 Bitcoin, currently worth $9.7 million, to the U.S. government has been found in contempt of court. The judge has warned he will be fined $10,000 a day until the funds are transferred. Court filings accuse Juan Carlos Reynoso of “flagrantly violating” a warrant issued by a judge in Puerto Rico, which gave him 24 hours to send the $9.7 million worth of Bitcoin to a government-controlled address. He allegedly moved the funds to five separate crypto wallets, in a series of transactions that were subsequently traced on chain. The court…

Following the studio’s recent closure, disgruntled fans of the discontinued shooter game Deadrop have started claiming refunds for early access passes through their banks and credit card providers. Players have mobilized in game studio Midnight Society’s abandoned Discord server to spread information on how to successfully chargeback their purchases. Deadrop was the vertical extraction shooter developed by Midnight Society, co-founded by controversial streamer Dr. Disrespect—who was later kicked out of the company due to allegations of inappropriate conversations with minors. PSA: For anyone who purchased a Drivers Key Package from Midnight Society in 2023 for @DEADROP – You can charge…

South Korea-based companies Kia and Samsung have signed a deal to collaborate on Internet of Things (IoT) technologies in automobiles, unveiling new consumer use cases. KIA will begin integrating its purpose-built vehicles (PBVs) into Samsung’s AI-powered IoT platform, SmartThings Pro. Both entities signed the Memorandum of Understanding (MoU) at the 2025 Kia EV Day event in Spain, signaling a complete acceptance of emerging technologies. Beginning with its PV5 model, Kia will retrofit SmartThings Pro to enhance business mobility, ensuring seamless connectivity between its vehicles and commercial operations to improve efficiency and streamline workflows. The project will undergo a pilot across…

Bouncing off from the recent retest of $93,540, Bitcoin has regained bullish momentum. Sustaining above a local support trendline, the BTC price is likely to bounce towards the $100,000 mark. Currently, Bitcoin trades at a market value of $96,191, hinting at a potential morning star pattern. Will this reversal pattern propel BTC price back to $106,000 levels? Let’s find out. BTC Price Aims Ascending Triangle Breakout In the daily chart, the BTC price trend showcases a bearish reversal from the $106,000 resistance level. This downfall has retested a short-term support trendline, creating an ascending triangle pattern. The ascending triangle pattern…

1inch has teamed up with Linea in a mutually beneficial partnership, with 1inch users gaining access to more liquidity and Linea benefiting from better swap rates on DEXes, among other things. 1inch, a decentralized exchange aggregator powering 100 million trades and $500 billion in volume, has partnered with Linea, a fast and low-cost zkEVM layer 2 blockchain developed by ConsenSys. The new partnership will give 1inch users access to liquidity from decentralized exchanges built on Linea, up to 16.6x lower transaction fees, and 6x faster processing speed compared to Ethereum (ETH). As for Linea users, they will be able to…

A crypto whale has recently performed a noteworthy Ethereum ($ETH) buyout via $DAI but faced significant losses. As per Lookonchain, the whale purchased 15,292 $ETH by spending 30.8M $DAI, resulting in $2.2M in losses. The whale witnessed this significant loss within 10 hours of the transaction, which was carried out through CoW Swap. The respective transfer stands among the biggest recent trades that have taken place on the Ethereum blockchain. Additionally, the massive losses have surprised the crypto community amid a huge decrease in Ethereum ($ETH) price. Lookonchain, an on-chain crypto analytical platform, has revealed the details of the trade…

Tether CEO Paolo Ardoino has defended the company’s role in the U.S. financial system, stating that its $115 billion in treasury holdings make U.S. debt more resilient. Speaking at a rBitcoin Policy Institute event on Mar. 11, Ardoino argued that Tether’s (USDT) investment helps diversify and strengthen U.S. debt. “We’ve done more for financial inclusion than anyone else,” he stated. “And while doing that, we’re buying back U.S. debt. If we were a country, we’d be the 18th largest holder of U.S. Treasuries.” Tether is helping to secure the US debt pic.twitter.com/nmVOeQBqtF — Paolo Ardoino 🤖 (@paoloardoino) March 11, 2025…

Top Virtuals Protocol ecosystem tokens are down as VIRTUALS token tanks 10%. Virtual Protocol ecosystem tokens are down across the board, with most top AI agent tokens by market cap on the launchpad posting losses in the last 24 hours. G.A.M.E (GAME) has seen the sharpest drop at -15.6%, followed by Keyboard Cat (KEYCAT) at -12.27%. Small Autonomous Motherfucker (SAM) is the only major gainer, surging 19.42% in the same period. Luna (LUNA), previously the leading Virtuals category token by market cap, has now fallen to the 11th position overall, signaling a shift in dominance within the ecosystem. The Virtual…

Lawmakers and industry experts discussed the importance of US dollar-backed stablecoins in the financial system and the urgency of a regulatory framework for these assets during a hearing convened by the US House Committee on Financial Services on March 11. Titled “Navigating the Digital Payments Ecosystem: Examining a Federal Framework for Payment Stablecoins and Consequences of a U.S. Central Bank Digital Currency,” the hearing also discussed concerns surrounding a potential central bank digital currency (CBDC) in the US. Stablecoins vs. CBDCs The hearing addressed potential benefits stemming from stablecoins and criticized harmful traits of CBDCs. House Financial Services Committee chairman…

Hamster Kombat’s Layer-2 (L2) blockchain briefly outperformed Solana in transactions per second (TPS) but is now experiencing a dramatic drop in activity. Just two weeks after its launch, the Hamster Network has seen a staggering 99.9% decline in transaction volume, raising concerns about its long-term viability. Hamster Network Transaction Volume Plummets The Hamster Network, launched in February 2025, was initially positioned as a gaming-focused blockchain that supports decentralized applications (dApps) and games within its “Hamsterverse” gaming ecosystem. BeInCrypto reported in early March that Hamster Kombat’s L2 network reached an all-time high of 34,021 TPS, 3.5 times higher than Solana’s. “34,028…