Author: NBTC

In brief A UK government-commissioned review recommends the Judicial College prepare all judges, including magistrates, for a likely rise in cases involving AI-enabled fraud and money laundering using cryptocurrencies. The report warns that fraud may soon make up half of all crime in England and Wales, and cites estimates that more than half of investment scams now involve crypto-assets. It highlights the case of convicted fraudster Qian Zhimin, which produced the UK’s largest-ever crypto seizure of more than 61,000 $BTC, to show the complexity now reaching the courts. A major UK review of fraud has recommended that judges and magistrates…

Kraken Institutional has announced a partnership with on-chain yield platform Upshift to launch a custom Vault service designed for institutional clients. The service will allow qualified investors to generate yield on custodied digital assets, including Bitcoin ($BTC), Ethereum ($ETH), and stablecoins, through tailored DeFi strategies. Partnership details and service structure According to a report from The Block, the collaboration involves building dedicated vaults that are customized to each client’s investment strategy, risk tolerance, liquidity requirements, and asset composition. This approach moves beyond standard yield products by offering institutional-grade flexibility and control over DeFi exposure. The vaults will be managed through…

Bitcoin, which was trading near $63,000, dropped below $62,000 following news of a sell-off from Strategy. While the main reason for the recent declines in $BTC is the sell-off risk stemming from Strategy, Bernstein analysts analyzed the corrections Bitcoin is experiencing in the current cycle. Bernstein analysts argue that the corrections $BTC is experiencing in the current cycle will be milder than those in past bear markets. According to The Block, Bernstein analysts stated in their latest report that Bitcoin has fallen 54% from its peak of $126,000, but this correction is significantly milder compared to the 75% to 90%…

Artificial Intelligence (AI) drove 38,579 US job cuts in May, the highest monthly total since tracking began in 2023, and the third straight month AI topped every other cause of layoffs. AI accounted for 40% of all cuts announced in May, as employers move faster to automate roles and restructure around the technology. AI Now Leads Every Reason for US Layoffs The figures come from firm Challenger, Gray & Christmas. Its latest report shows AI’s share of monthly cuts rising from 7% in January to 26% in April, then 40% in May. For the year, AI has been cited in…

Hayden Adams, the founder of Uniswap, recently tweeted about a significant milestone in the $UNI ecosystem, stating that the burn address now holds over 100 million $UNI tokens. This move underscores the project’s commitment to reducing supply and enhancing token scarcity, aligning with broader community goals. You can view Adams’ tweet here. Breaking It Down The broader cryptocurrency market is currently displaying mixed signals, with various assets experiencing fluctuations. However, the news from Adams has drawn attention as it highlights a proactive approach to ecosystem management through token burns. The community’s engagement is evident, with Adams’ tweet receiving over 512…

Acting US Attorney General Todd Blanche faced backlash Wednesday over the Justice Department’s (DoJ) enforcement of crypto-related crimes and other actions as President Donald Trump’s former personal attorney appeared before a Senate hearing considering his nomination to lead the agency. The ranking Democrat, Senator Dick Durbin, used part of his opening statement at the Senate Judiciary Committee hearing to criticize Trump’s AG pick for what he described as “dismantling DoJ’s enforcement team and shutting down ongoing criminal investigations of the crypto industry.” Blanche was reportedly behind the disbanding of the Justice Department’s crypto enforcement unit in April 2025 as deputy…

FTX Trading Ltd. has alleged that Justin Sun moved $10 million in Bitcoin from customer accounts at the Poloniex exchange. This claim was detailed in an adversary proceeding court document published on July 14, 2026. The filing suggests the alleged transfers occurred from Poloniex customer accounts. FTX is seeking to recover these funds as part of its ongoing bankruptcy proceedings. This action highlights the continued efforts by FTX to reclaim assets following its collapse. The allegations against Justin Sun, a prominent figure in the crypto space, add another layer to the complex legal landscape surrounding FTX. Poloniex, an exchange acquired…

U.S. Vice President JD Vance has placed Bitcoin inside a wider national strategy debate, arguing that Washington should view the asset through an economic and geopolitical lens. His remarks, resurfaced in a July 5 post by Trending Bitcoin, came from his Bitcoin 2025 address in Las Vegas. Vance acknowledged that Bitcoin could become strategically important for the United States over the next decade. He tied that view to China’s long-running hostility toward crypto, saying Washington should ask why Beijing opposes the asset so strongly. Vance Links Bitcoin Strategy to China’s Crypto Ban During the speech, JD Vance argued that America…

Ethereum price has reclaimed the $1,850 resistance after softer-than-expected U.S. inflation data triggered a sharp short squeeze, putting the $2,000 level back into focus for traders. The second-largest cryptocurrency climbed nearly 5% on July 15 after June’s Consumer Price Index came in below expectations, easing concerns that Federal Reserve Chair Kevin Warsh would resume aggressive rate hikes. Risk assets rallied across global markets, with tech stocks advancing alongside cryptocurrencies as investors priced in a more accommodative policy outlook. Derivatives markets amplified the move. CoinGlass liquidation data shows a dense cluster of leveraged short positions between $1,800 and $1,850 was wiped…

DoubleZero recently announced that its high-performance global network is now live on mainnet-beta, powered by 2Z. This development has been amplified by a widely shared post from @doublezero, which has generated significant engagement on social media. The Latest Traders scanning the order books got a surprise when DoubleZero’s global network was launched. The new high-performance internet service is expected to provide enhanced speed and reliability, marking a significant milestone in the cryptocurrency and technology sectors. Given the mixed signals in the broader crypto market recently, this launch could create new trading opportunities. The announcement has sparked substantial interest, as evident…