Author: NBTC
Vladimir Smerkis, co-founder of the crypto game Blum and former head of Binance’s CIS division, has been arrested in Moscow on suspicion of fraud. The Zamoskvoretsky District Court ordered his detention this week. Authorities have not disclosed the specifics of the alleged criminal activity. Blum Distances Itself From Vladimir Smerkis Blum rose to prominence as part of the “tap-to-earn” wave—games where users repeatedly tap their screens to earn digital tokens. In Blum’s case, players tapped falling snowflakes to collect in-game currency, which the project claimed could be exchanged for real-world money. The arrest comes as scrutiny intensifies over tap-to-earn platforms.…
TORONTO — David Goyer, the filmmaker whose credits include the Blade trilogy, The Dark Knight, and Apple TV’s Foundation series, said Friday he is building a new blockchain-based science-fiction universe called Emergence. The world of Emergence, according to Goyer, features spaceships, relic-hunting and white holes — science-fiction staples that will serve as the foundation for a sprawling transmedia project built inside Incention, Goyer’s new blockchain platform. In a panel discussion at CoinDesk’s Consensus conference in Toronto, Goyer appeared alongside SY Lee of Story Protocol, the intellectual property-focused blockchain upon which Incention and Emergence are based. There, Goyer laid out his…
Santiment reports large Bitcoin wallets are steadily accumulating as small holders sell, signaling potential for a breakout ahead. Notably, Bitcoin surged above $97,000 on May 7, marking a significant price breakout following a period of tight consolidation. Interestingly, amid the renewed momentum, broader market behavior indicates that the underlying support may be driven more by accumulation patterns than by immediate speculative interest. Whales Accumulate as Small Holders Reduce Exposure Throughout recent volatility, data from Santiment reveals that wallets holding between 10 and 10,000 BTC—known to correlate closely with market trends—have increased their balances. Specifically, over the past six weeks, these…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Right now, protocols are stuck: cycling between incentive-driven inflows and inevitable outflows of liquidity as providers chase higher and higher returns. Even with existing bridging and wrapping solutions, because of concerns around complexity and security, most retail investors are unable to or unwilling to distribute their assets effectively across protocols. This leaves over $400 billion worth of idle assets locked across siloed chains whilst protocols across DeFi compete for limited liquidity, their demand vastly outsizing the available…
Brian Armstrong, CEO of Coinbase, extended an invitation to members of the Department Of Government Efficiency (DOGE) team to consider joining the crypto exchange’s workforce. In a post on May 13, Armstrong said the offer was a “call to service” for those who want global financial reforms through crypto. “This is an open call for any DOGE staff.If you are looking for your next mission after serving your country, consider helping create a more efficient financial system for the world at Coinbase. We’ve set up an accelerated interview/hiring process in recognition of your proof-of-work,” the Coinbase CEO wrote, also sharing…
With XRP’s widespread adoption growing across the DeFi ecosystem, the total amount of XRP locked in automated market maker (AMM) pools has reached 14,140,665 XRP as of May 2nd, according to the latest data from on-chain monitoring firm, XRPSCAN. This marks a notable milestone for the XRP community, signaling increased liquidity provision as the demand for XRP-based DeFi platforms continues to grow significantly. XRP liquidity soars As investors are increasingly showing interest in the third-largest cryptocurrency according to market capitalization, they have continued to pump more funds into AMM protocols. AMM pools are mechanisms that allow the provision of liquidity…
If Trump’s bill is passed as it stands, it would introduce a 5% tax on remittances affecting over 40 million people. Analysts warn that this could spur the use of alternative options, such as crypto, to ensure these funds reach their destination while avoiding the proposed tax. ‘Big, Beautiful Bill’ Remittance Tax May Spur Crypto Adoption Resurgence While crypto’s remittance use case has failed to gain traction, this may be about to change. The Republican priority bill, referred to as the “big, beautiful bill” by President Donald Trump, proposes introducing a 5% tax on remittances sent by non-U.S. citizens to…
InterLink Labs has announced that they are working with Blazpay, a company that offers a range of crypto financial services to both people and businesses. The collaboration tries to connect InterLink’s access-first, identity-based blockchain with Blazpay’s easy-to-use DeFi services, making it easier for people to use and manage digital assets without any hassle. 🤝InterLink x @blazpaylabs Partnership! InterLink’s is building a human-centric blockchain network designed to bring trust to @blazpaylabs’ Blaz AI, redefining crypto with cutting-edge AI and seamless DeFi solutions. Together, we empower users to manage, trade, and explore… https://t.co/XUiYasj87S pic.twitter.com/gZ00rFjKSE — InterLink Labs 👤 + 🌐 (@inter_link) May…
Strategy Chairman Michael Saylor has insisted that Bitcoin would become a global powerhouse asset, predicting an ambitious surge in valuation. Saylor has dropped another Bitcoin bombshell. Interestingly, each of his statements in a public setting always emphasizes the bullish trajectory of the pioneering cryptocurrency. Yesterday, he reiterated Bitcoin’s bright future outlook, predicting its growth to become a global powerhouse. Furthermore, he insisted that the asset’s valuation would hit $280 trillion one day. Saylor Says Bitcoin to $280T Speaking at Strategy’s Bitcoin for Corporations conference yesterday, Saylor stressed that what most financial advisors term “smart investments” have failed to outperform the…
President Donald Trump told a crowd in Saudi Arabia on Tuesday that the markets are just getting started. “It’s going to get a lot higher,” he said, right as the S&P 500 posted its first gain since late February. The stock market and crypto both moved up, with the Nasdaq 100 climbing 1.6%, and the S&P 500 Index rising 0.72%. Bitcoin stayed well above $100,000, showing strength for the second day in a row. That same day, investor mood changed as China and the United States agreed to temporarily cut tariffs. That was the first time since February 28 that…