Author: NBTC

South Korean police have arrested 34 people in a raid on a suspected crypto-powered drugs smuggling ring, officers announced on May 16. Per Newsis, police seized 90,000 doses of drugs including methamphetamine (crystal meth), synthetic marijuana, and ketamine. Officers said the ring used Vietnam-based smugglers to hide the drugs in cosmetics products. Gang members then allegedly sent these products to South Korea via international courier services. Crypto-powered Drugs Smuggling Ring ‘Hid Narcotics on Mountain’ Police said they had remanded nine people in custody, including two suspected South Korean ringleaders (both aged 36). Officers added that they had charged 25 other…

Floki (FLOKI) is now live on Revolut Business, a move that could see the cryptocurrency become accessible to millions of businesses across Europe. The Floki team announced that the neobank had listed FLOKI on its Revolut Business on Wednesday. FLOKI listed on Revolut Business With the listing, it’s now easier for businesses to buy FLOKI, putting the meme coin on the cusp of a fresh adoption curve. “The Revolut Business listing makes it easy for businesses across Europe to buy $FLOKI and will accelerate Floki’s vision of becoming the world’s most known and most used cryptocurrency,” the Floki team posted…

Markus Thielen, a well-known research analyst at cryptocurrency analysis firm 10x Research, recently expressed his concerns regarding the current state of the crypto market. According to Thielen, bearish signals are appearing in the market and are likely to push prices down in the short term. Thielen, who has accurately predicted numerous bull and bear rallies in the crypto market, currently sees no catalysts that could push prices back up. “We no longer have the typical drivers that push prices from $40,000 to $70,000,” he said. He added that the main reason behind this was spot Bitcoin ETFs, which have seen…

Caldera has announced an exciting collaboration with ApeCoin and Horizen Labs, stepping into the spotlight as their selected Rollups-as-a-Service partner for the launch of ApeChain. This partnership is set to enrich the ApeCoin community by integrating them into the Caldera ecosystem and advancing the ApeChain on the cutting-edge Arbitrum Orbit L3 platform. 🎉 Exciting news! @Calderaxyz now supports ApeChain’s @apecoin expansion to Arbitrum 🌟 Join the ApeChain testnet live via Caldera and explore the future of Web3 gaming! 🚀 Experience the power of ApeChain on Caldera’s robust platform.🚀 Test it out now: https://t.co/xfbvVqkgld pic.twitter.com/j1ObpXbMka — ApeCoin (@apecoin) May 6, 2024…

BitConnect’s national promoter in Australia, John Bigatton, pled guilty to his role in promoting the scam after three and a half years of his indictment. He promoted the fraudulent cryptocurrency scheme on social media, hosted seminars across the country, and had face-to-face meetings with victims, persuading them to invest in the scheme. Bigatton pled guilty to a criminal charge of offering unlicensed financial services before the Sydney District Court on 16 May and will receive his sentence on 5 July. He is facing a monetary penalty as well as jail time of up to two years. A $2.4 Billion Crypto…

KuCoin has made the decision to suspend all naira-based peer-to-peer (P2P) trading in response to increased scrutiny from Nigeria’s regulatory authorities. The move comes three weeks after the country’s Securities and Exchange Commission (SEC) met with industry players and urged them to cease P2P trading activities. In a Wednesday blog post, KuCoin notified its users of the temporary suspension of P2P naira services and Fast Buy service via Naira card, stating that it is part of their ongoing efforts to enhance their services. The exchange’s decision to halt P2P trading is likely an attempt to avoid running afoul of the…

Ever since the United States approved Bitcoin Exchange-Traded Funds (ETFs) earlier this year, the focus has shifted to Asia, with investors eagerly anticipating which nation will follow suit. Hong Kong has already made headlines by approving spot Bitcoin and Ether ETFs on April 15, setting a precedent for other Asian markets. Taiwan’s progressive crypto stance under new leadership Taiwan is gearing up for a significant shift under its incoming president, Lai Ching-te, who is set to take office next month. Known for his support of AI and blockchain technologies, Lai’s administration has laid the groundwork for enhanced cryptocurrency legislation. Currently,…

YakDAO, a popular decentralized autonomous organization, has recently started a new partnership. The platform is reportedly collaborating with Floki Inu, the community that developed the meme token FLOKI, to leverage its FlokiFi Locker for locking $YAKS tokens. This move strengthens Floki’s Locker’s position in the wallet industry. Floki disclosed the respective partnership on its official X account. With a substantial lock of $2.23M+, YakDAO joins the ranks of projects leveraging #Floki’s revolutionary token locker, #FlokiFi Locker! 🔒The total locked value on @FlokiFi Locker has now soared to over $138 million, showcasing the widespread adoption of our DeFi locker… https://t.co/eFTuolRzU2 pic.twitter.com/f7SiJY6M1U…

Tigran Gambaryan’s bail was refused by a Nigerian court on Friday. Nigeria has taken Binance and its executives to court and is pursuing tax evasion and money laundering charges. Detained Binance executive Tigran Gambaryan’s bail application was denied by a Nigerian court on the grounds that there is a likelihood that he will manage to jump bail, the spokesperson for the executive’s family said on Friday. Binance and the executives’ money laundering, tax evasion and the exchanges detained Head of Compliance Tigran Gambaryans bail hearings all occurred on Friday in Nigeria. The court ruled that Binance can be served with…

Poloniex, a global platform for trading digital assets, has announced its plan to include EGLD, the primary token of MultiversX, in its list of available cryptocurrencies. This inclusion will be the gateway to numerous new users who will be able to join and be active in the EGLD ecosystem. The trading of EGLD against USDT is expected to begin on May 15 at 13:00 UTC, which will enable investors to have more options and increase the accessibility of this promising token. The EGLD on Poloniex’s platform is of great importance for both Poloniex and the MultiversX community. This supplement will…