Author: NBTC

Binance is in hot water in Nigeria in the aftermath of its settlement with the U.S. Department of Justice (DOJ). Nigeria’s House of Representatives Committee on Financial Crimes issued an ultimatum to Binance CEO Richard Teng on Friday, according to a local news report. Ginger Onwusibe, the chairman of the committee, has asked Teng to appear before the committee by March 4. The summons was issued over its alleged involvement in financial crimes, including money laundering and terrorism financing. Onwusibe warned that Teng’s failure to answer the summons would force the committee to invoke its constitutional powers and take appropriate…

Looking over the global crypto landscape, it seemed recently as though the UK wasn’t keeping pace with other regions. In the US, the SEC finally approved spot Bitcoin ETFs, and the new products have enjoyed an explosive start, demonstrating sustained demand and impressive volumes. There is anticipation also for similar ETFs in Hong Kong, and on the regulatory front, the EU appears to be moving quickly, having already created a bespoke package of crypto regulation called MiCA. ✅ BREAKING: U.S. Bitcoin ETFs had RECORD inflows today, primarily due to $IBIT ’s record flows 👇 pic.twitter.com/7ZQcN9Jw52 — HODL15Capital 🇺🇸 (@HODL15Capital) February…

Nigeria’s government has denied reports that it’s set to hit crypto exchange Binance with a $10 billion fine, claiming that a statement from one of its senior advisors was misquoted. The Premium Times had claimed that Bayo Onanuga, Nigeria’s special advisor on information and strategy, had announced the fine in an interview with the BBC. However, Onanuga later told the Peoples Gazette that his words were misrepresented. He told the Gazette, “I never said Binance had been informed about the fines or that it would definitely be $10 billion,” adding, “I only said the amount may be imposed, which is…

As the luxury watch market has going through a difficult period that saw average prices of the likes of Rolex and Omega’s timepieces decline across the industry in the last 12 months, a glint of sunlight is stirring hopes of its recovery – the cryptocurrency sector’s resurgence. Specifically, late last year, Business Insider’s Joseph Wilkens observed the “great Rolex recession” was taking place, with the luxury watch market itself declining by 37% since its March 2022 peak and still not fully recovered, according to the ‘Luxury Watch Market Report’ shared with Finbold on March 4. Indeed, some of the most…

While one bitcoin miner revealed Wednesday it seeks to reduce costs by closing one of its facilities, another looks to bolster revenue by supporting high-performance computing. Texas-based Core Scientific, which emerged from bankruptcy in January, said it is set to lease up to 16 megawatts of capacity in its Austin datacenter to cloud provider CoreWeave. The Core Scientific facility that once housed tech giant Hewlett Packard will now host infrastructure supporting applications in artificial intelligence (AI) and high-performance computing (HPC). Possible revenue via the CoreWeave deal exceeds $100 million, the company said in a Wednesday news release. “We believe today’s…

The Wall Street Journal (WSJ) is reportedly facing a defamation lawsuit over allegations made in a 2023 article describing illegal activities allegedly made by Tether and Bitfinex. The lawsuit was filed against Dow Jones & Company Inc. (the parent company of WSJ) on February 28 at the Superior Court of the State of Delaware in New Castle County by Christopher Harborne. This lawsuit was filed through AML Global Ltd., which operates in the British Virgin Islands, Hong Kong, and Wyoming. Harborne is a Tether shareholder with a 13% stake in the crypto firm. According to Harborne, he has no executive…

Fuzzles, first created by EndlessAI, are now returning to the NFT sphere. Gala announced that it would take over the Intellectual Property Rights from EndlessAI. Thereby initiating the development process from its side. Fuzzles were brought to the market on April 27, 2022, via the Gala Store. EndlessAI recognized the collection as an AI NFT companion. The community adored the collection a lot. Members depicted their excitement about having the AI NFT, where adorable alien creatures featured the best of their looks. However, the development process by EndlessAI gradually declined, and the NFT collection marked slower progress. The community took…

Ethereum price climbed to a new multi-month high above $3,500. ETH is correcting gains like Bitcoin and might find strong bids near the $3,250 zone. Ethereum extended its increase above the $3,500 resistance zone. The price is trading above $3,300 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support at $3,260 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct lower, but dips might be limited below the $3,260 support zone. Ethereum Price Eyes Fresh Increase Ethereum price gained pace after it broke the $3,200 resistance zone, like…

As the leading cryptocurrency Bitcoin exceeds $65,000 during the day and approaches its ATH of $69,000, Coinshares has published its weekly cryptocurrency report. Stating that it experienced $1.84 billion inflows into cryptocurrency investment products last week, Coinshares said that the inflows continued and saw the second largest weekly inflow on record. “Cryptocurrency investment products saw the second largest weekly inflow on record, totaling $1.84 billion. Transaction volumes in investment products reached a record of over $30 billion this week.” While Bitcoin Breaks a Record Again, the Number of Those Expecting a Decline in BTC Is Increasing! When looking at crypto…

Blocksquare, a leader in the tokenization of real estate, has announced that starting on March 3, its native Blocksquare Token (BST) will be available for trading on the popular crypto exchange Gate.io. With the announcement, investors will be able to take advantage of regional commercial real estate possibilities, marking a significant turning point in Blocksquare’s mission to change the real estate investment market. Blocksquare Co-founder and CEO Denis Petrovcic stated: “We are delighted to broaden access to our BST token through this partnership with a great tier-1 exchange in Gate.io. Investors are increasingly keen to leverage blockchain technology to make…