Author: NBTC

NEW YORK — Terraform Labs co-founder Do Kwon will wait a little longer than expected to find out how much time he will serve in prison for orchestrating a massive crypto fraud that wiped roughly $50 billion from the crypto ecosystem in May 2022. The lengthy hearing saw District Judge Paul Engelmeyer of the Southern District of New York (SDNY) spend the first hour or so berating prosecutors for dumping a mountain of victim impact statements — 315 letters — on both the court and the defense just 24 hours before the hearing kicked off. Half a dozen victims spoke at his…

Binance’s latest Proof of Reserves reveals a major shift in user positioning, where Bitcoin balances are climbing, while ETH and USDT fall. At the same time, Binance’s stablecoin over-reserves hit six-month highs, strengthening liquidity during ongoing market volatility. Bitcoin Accumulation Jumps as User Behavior Shifts Binance users increased their Bitcoin balances by 4% month-over-month, reaching 617,620 BTC, according to the exchange’s 37th Proof of Reserves snapshot. That’s an addition of 23,768 BTC since November 1. The exchange utilizes Merkle trees and zk-SNARKs to enable users to verify their balances without disclosing personal information. Current reserve ratios include: BTC: 102.11% ETH:…

Ethereum price action looks quiet, but the entire formation is slowly turning bullish. Over the past 24 hours, ETH has traded almost flat, while the past seven days show a modest 2.6% gain. Price has remained above $3,100 for several sessions, suggesting strength rather than exhaustion. This sideways move is not random. Ethereum is compressing near key levels, where breakouts often form. The next move depends on whether buyers, who are gradually returning, can turn this consolidation into a continuation. Bull Flag Structure Holds as the Breakout Zone Appears Ethereum appears to be breaking out after consolidating inside a bull…

Tether has made a strategic investment in Ledn, one of the foremost providers of bitcoin-backed consumer loans, in a move aimed at expanding access to credit secured by digital assets, the firm said in an emailed announcement on Tuesday. The size of the investment has not been disclosed. Tether declined to provide further details when contacted by CoinDesk. The investment forms part of Tether’s push to support real-world financial services built on digital asset rails. Bitcoin-backed lending allows users to access liquidity without selling BTC to unlock short-term capital. Ledn was the survivor of a rout of the crypto-backed lending…

The U.S. Department of Justice has issued two indictments against a Ukrainian individual accused of being involved with two Russian state-sanctioned cyberattack groups. 33-year-old Victoria Eduardovna Dubranova, a Ukrainian national who was extradited to the United States earlier this year, is alleged to have provided support to the CyberArmyofRussia_Reborn (CARR) and NoName. Justice Department Announces Actions to Combat Two Russian State-Sponsored Cyber Criminal Hacking Groups Ukrainian National Indicted and Rewards Announced for Co-Conspirators Relating to Destructive Cyberattacks Worldwide “Today’s actions demonstrate the Department’s commitment… pic.twitter.com/GVuieHxjG6 — National Security Division, U.S. Dept of Justice (@DOJNatSec) December 10, 2025 The indictment alleges…

Ethereum price started a fresh decline below $3,120. ETH is now consolidating and might soon aim to start a recovery wave above $3,200. Ethereum started a downside correction from the $3,250 zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,175 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,050 zone. Ethereum Price Dips Toward Support Ethereum price failed to stay above $3,180 and started a fresh decline, like Bitcoin. ETH…

Robinhood stock price has pulled back in the past few days, moving from this month’s high of $150 to the current $115. It has formed a risky pattern, pointing to more downside in the coming weeks as the crypto market retreat continues. Robinhood stock faces potential risks ahead Copy link to section Robinhood stock has done well this year as it jumped from the year-to-date low of $30 to a record high of $155. This jump happened as the company’s business continued to thrive amid the rising volatility and demand in the options market. The most recent results showed that…

Russia’s monetary authority is not going to ban citizens from holding or selling already acquired cryptocurrencies, but intends to limit new purchases in the future. This was made clear by one of its top executives, who detailed the regulator’s new approach towards the growing market in a broad interview for a leading Russian media outlet. Moscow is preparing to comprehensively regulate the country’s crypto sector in the coming months, including by introducing a licensing regime for digital asset exchanges and defining who will be granted legal access to decentralized digital assets. Bank of Russia to keep ordinary Russians away from…

Cryptocurrency exchange Binance published its 37th Proof of Reserves report dated December 1. According to the report, while there were notable changes in user assets, the exchange generally maintained reserve ratios that more than covered customer balances. In Binance’s latest snapshot, user balances and exchange reserves of dozens of assets, including Bitcoin, Ethereum, USDT, BNB, SOL, XRP, USDC, were compared. Users’ Bitcoin holdings on Binance reached 617,620 BTC. This represents a 4% increase compared to November 1st. 23,768 BTC were added to user balances in the past month. The reserve ratio for BTC was recorded at 102.11%, meaning Binance holds…

A stark warning from a top analytics CEO is sending shockwaves through the crypto world. Alex Svanevik, CEO of blockchain data platform Nansen, has issued a dire prediction: Ethereum could become obsolete by 2030. His critique isn’t about technology alone but targets the community’s mindset, suggesting a dangerous complacency could be Ethereum’s downfall. Why is the Nansen CEO sounding the alarm on Ethereum? In a recent post on X, Alex Svanevik highlighted a troubling pattern. When presented with data showing Ethereum falling behind competitors in key growth metrics, the community’s common response is dismissal. Svanevik observed that people often label…