Author: NBTC

NEW YORK — Hack and scam victims who reached out to Tornado Cash requesting assistance retrieving their stolen funds received little in the way of help from the privacy tool’s developers, three government witnesses told the jury during day two of Roman Storm’s criminal money laundering trial. One victim, a Taiwan-born Georgia woman who said she lost nearly $250,000 to a wrong-number pig butchering scam — with a portion of the proceeds laundered through Tornado Cash — said her request for help went unanswered. Another witness, a lawyer for crypto exchange BitMart, which was hacked for nearly $200 million in…

The Bitcoin price is flying high at the moment, having rallied to a new all-time high (ATH) of $111,800 on May 22. Now, crypto analyst Tony Severino has predicted that this rally is likely to sustain, with BTC reaching $120,000 at some point. Bitcoin Price To Reach $120,000 Following This Range Breakout In an X post, Tony Severino predicted that the Bitcoin price could reach between $116,000 and $120,000 following the breakout from the $106,000 range. This prediction came just before BTC surged past its previous ATH of $109,100 on May 21. The analyst asserted that the flagship crypto could…

Ethereum (ETH), the leading altcoin, has pulled off a massive rebound against Bitcoin (BTC), the flagship cryptocurrency. Notably, this comes as the ETH/BTC Relative Strength Index (RSI) stopped its three-year downward trend. Ethereum Golden Cross on the Horizon Ted Pillows, a market investor and entrepreneur, highlighted this in a post on X, suggesting it could signal an incoming rally for Ethereum. For clarity, the ETH/BTC RSI indicates how Ethereum is performing in relation to Bitcoin. When the ratio is going up, it clearly indicates that Ethereum is gaining strength against Bitcoin. This is regardless of the price of both assets…

In a significant stride for the Web3 creator economy, Avalanche (AVAX)-based Insomnia Labs has successfully closed a substantial $12 million funding round. This pivotal investment marks a new chapter for the company, setting the stage for the highly anticipated launch of CreatorFi, a platform poised to redefine how digital creators access financing. For anyone tracking the intersection of blockchain and creative industries, this development signals a powerful shift towards more equitable and innovative funding models. What Does This Funding Mean for Insomnia Labs? The recent $12 million funding round for Insomnia Labs is more than just capital; it’s a vote…

Amid growing market uncertainties, XRP large holders are pulling big moves, but this latest move seems bearish for the XRP ecosystem as whales appear to be dumping. On-chain monitoring platform Whale Alert has spotted a massive transfer of 25,498,179 XRP on July 3rd. The tracker has provided data showcasing the large XRP transfer worth $57,811,584 sent into the largest U.S. exchange, Coinbase, during the latter hours of Thursday. Usually, large transactions like this are often anticipated by market participants, but this particular XRP transfer fueled concerns across the crypto community as the move teases an attempt to sell by a…

Donald Trump is unhappy with the head of the U.S. central bank. Here’s why: Powell, who hurriedly cut federal interest rates by 75 basis points ahead of the 2024 election, has been reluctant to ease monetary conditions further, citing potentially inflationary effects of the White House’s new tariff policies. Trump has been floating the idea of firing him for a while now. The regulator, for his part, has maintained since November that Trump lacks the legal authority to do so. Powell’s term is slated to end in May 2026 in any case. “Jerome Powell has been very bad for our…

The Bitcoin options market has spiked to an all-time high alongside the asset’s climb toward a record $112,000, Greg Magadini, director of derivatives at crypto data provider Amberdata, told Decrypt on Thursday. Open interest for Bitcoin options most recently stood at around $65 billion, including contracts traded through venues like the Chicago Mercantile Exchange, or CME, as well as options tied to BlackRock’s spot exchange-traded fund, he said. Based solely on traders’ positioning, options market data suggests that Bitcoin’s price will likely rally into a range between $116,000 and $120,000, Magadini said. Bitcoin’s rally currently has “wide participation,” as evidenced…

After Ethereum broke a five-month high, the coin has come under pressure once again, this time from whales betting against its uptrend. On-chain data reveals that a high-profile trader, known with the wallet address 0x2258, has opened a massive short position against ETH. This move follows a series of successful trades that have already netted the whale over $15 million in profit. $62.5M Ethereum Short Opens Amid Tight Market Conditions According to data tracked through Hyperdash, whale 0x2258 has opened a short position worth $62.42 million, equivalent to 20,474 ETH, using a staggering 18x leverage. The whale appears confident that…

Bitcoin jumped to a fresh all-time high price for the second day in a row Thursday, after crypto-friendly President Trump renewed his push to urge the Federal Reserve to cut interest rates. The price of Bitcoin jumped to $112,599 on Thursday, per data from CoinGecko, setting a new record for the leading cryptocurrency. Bitcoin is currently up 3.5% on the day after recently being rangebound. On Wednesday, Coinbase showed that BTC had topped $112,000 for the first time, beating the previous record from late May of around $111,900. President Trump wrote on his social media platform Truth Social that the…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. TAPEDRIVE won the grand prize in the latest Colosseum hackathon, a popular hackathon-cum-venture accelerator started by original Solana Labs hackathon organizers. The contest, which I tend to view as a partial litmus test for what Solana builders are interested in at the moment, had a large number of stablecoin entries, one organizer told me. But the grand prize winner took at a stab at a problem internal to Solana: the cost of storing data onchain. Solana is the busiest blockchain in existence as things stand. With all…