Author: NBTC

Two Estonian nationals who co-founded the cryptocurrency mining service HashFlare are scheduled to be sentenced on Thursday after pleading guilty to conspiracy to commit wire fraud as part of a plea deal with prosecutors. In a Monday filing, US prosecutors pushed back against many of the claims made by lawyers for HashFlare co-founders Sergei Potapenko and Ivan Turogin in their sentencing recommendation. The two men requested time served, while lawyers representing the US government have asked the judge to sentence them to 10 years in prison, arguing “the harm HashFlare’s victims suffered could not be more real.” “[…] Defendants argue…

Revolut has given its 60 million users a backstage pass to the real-world asset (RWA) revolution. By listing RedStone’s RED token, the fintech giant is enabling retail investors to stake in the oracle network quietly powering BlackRock, Apollo, and VanEck’s on-chain strategies. Summary Revolut lists RedStone’s RED token, opening retail access to the oracle infrastructure behind real-world assets. The move allows 60 million Revolut users to participate in staking and governance of a key DeFi network. RedStone supports 170+ protocols, including tokenized funds from BlackRock, Apollo, and VanEck. According to a press release shared with crypto.news on August 13, Swiss-based…

Maple, the onchain asset manager known for bridging institutional-grade finance with DeFi, has launched the first-ever perpetual trading integration for its yield-bearing stablecoin, syrupUSDC, on Drift Protocol — Solana’s leading decentralized perpetual futures exchange.—The move lets traders deposit syrupUSDC as margin while earning 7–8% APY, even when positions are open or capital is idle. This reduces the opportunity cost of holding collateral, giving traders a way to generate income that can offset funding fees or be reinvested for higher returns.To drive early adoption, Maple and Drift have deployed $100,000 in incentives, with an initial supply cap of $50 million for…

Ethereum currently hovers around the $3.5K mark. The market witnessed $77.19 million in ETH liquidations. The potent bearish trap set within the crypto market has pushed the assets into the red zone. The prices have lost momentum and slipped back to recent lows. With the Fear and Greed Index value holding at 52, the neutral sentiment is lingering across the market. However, the largest altcoin, Ethereum (ETH), followed suit and began trading on the downside. The altcoin’s attempt to ascend above the $3.7K range has failed and sunk to the previous lows. As per CMC data, ETH opened the day…

A truly exciting development is currently unfolding in the corporate world, capturing significant attention within the digital asset space. Nasdaq-listed Jeffs’ Brands is making a bold and strategic move, announcing plans to invest a substantial sum – up to $75 million – into an innovative Jeffs’ Brands crypto treasury strategy. This ambitious venture signals a significant and growing trend among publicly traded companies that are exploring advanced, AI-driven methods to manage their financial assets within the dynamic cryptocurrency landscape. What is Powering This AI Crypto Treasury Strategy? Jeffs’ Brands intends to strategically allocate its considerable capital across five major cryptocurrencies.…

The U.S. is poised to redefine global crypto regulation with a groundbreaking framework enabling clear token standards, innovation pathways, and compliance models tailored to blockchain’s real-world dynamics. Binance Boss Sees US Setting Global Standard With Innovation-Friendly Regulation Binance chief executive Richard Teng outlined his support for U.S. efforts to modernize digital asset oversight on social media platform X last week. He argued that the country is shifting from adapting decades-old securities rules to a framework that better reflects the realities of blockchain markets. “The U.S. is finally moving beyond trying to retrofit 80-year-old securities laws to blockchain technology. The combined…

A buzz recently swept through the cryptocurrency community as a significant Ethereum transfer caught the attention of market observers. Whale Alert, a prominent blockchain tracker, reported a massive movement of 20,000 ETH, valued at approximately $94.2 million, from crypto investment firm Abraxas Capital directly to the Bitfinex exchange. This substantial ETH whale transaction immediately sparked discussions about its potential implications for the broader crypto market impact, highlighting a notable institutional crypto movement. Such large-scale movements are always worth analyzing. What Just Happened? Decoding the ETH Whale Transaction On [Insert Date if available, otherwise omit], Whale Alert confirmed this notable movement.…

The world of decentralized finance just hit a massive milestone! Total lending protocol deposits have officially reached an astounding all-time-high of $100 billion. This significant achievement, reported by Unfolded via X, underscores the rapidly expanding trust and participation in the DeFi ecosystem. For anyone tracking the pulse of cryptocurrency lending, this figure is a clear signal of robust growth and increasing utility within the space. What’s Driving This Monumental Growth in Lending Protocol Deposits? This remarkable surge in lending protocol deposits isn’t happening in a vacuum. Several factors contribute to the escalating interest in DeFi lending platforms. Investors and users…

Stocks traded lower at open on Thursday, with the Dow Jones Industrial Average falling nearly 200 points as the market reacted to a hotter-than-expected inflation report. Summary Stocks fell as the producer price index came in hotter than expected. Dow dropped sharply before showing a slight recovery, while Bitcoin slipped from all-time highs of $124k The Dow Jones Industrial Average declined nearly 200 points, or about 0.4%, as Wall Street digested the latest producer price index data. The S&P 500 also shed gains, slipping about 0.3% to move off record highs reached in the previous session. Overall sentiment around the…

The founders of HashFlare, a crypto mining company behind a $577 million Ponzi scheme, have escaped additional jail time after admitting to their roles in the scheme. Sergei Potapenko and Ivan Turõgin have been in custody for 16 months, and Seattle Federal Court Judge Robert Lasnik gave them time served in their sentencing hearings on Tuesday. He also ordered each to pay a $25,000 fine and complete 360 hours of community service while on supervised release, which is expected to be served in their native Estonia. The Department of Justice said on Tuesday that it’s considering whether it should appeal…