Author: NBTC
A South Korean prosecutor was jailed for leaking sensitive information in a high-profile crypto fraud case, domestic media outlets reported on April 25. Per Segye Ilbo, Gwangju District Court’s Criminal Division sentenced an unnamed prosecution investigator (aged 56) in the city of Mokpo to a year in prison. The court heard that the prosecutor took a bribe in exchange for disclosing information about an active prosecution and police probe into altcoin-related fraud. South Korean Prosecutor Jailed – More to Follow? The case has captivated the public attention in South Korea. Investigators think that a suspected fraudster (aged 45) hired a…
The Bharat Web3 Association (BWA), an industry body formed to promote and grow the Web3 industry in India, has signed a memorandum of understanding (MOU) with Japan ANICANA Dealers Association (JADA) to explore collaborative opportunities in Web3 technologies. Both the associations would engage in joint initiatives focused on Web3-related advocacy, educational conferences, workshops, and thought leadership activities, the BWA said in an emailed statement. The collaboration aims to foster a conducive environment for knowledge-sharing, innovation, and industry advancement within the Web3 ecosystem. “We hope to leverage our partnership to exchange insights on use cases, manage risks through regulatory frameworks, and…
Yuga Labs, the team behind the Bored Ape Yacht Club (BAYC) NFT collection, has initiated a company restructuring to prioritize its core crypto business, which includes the Otherside metaverse project, said Greg Solano, the company’s co-founder, in a recent post on X. gm, really tough day today. I am hellbent on transforming yuga and getting us back to our roots, and that means making hard decisions. by far the hardest is saying goodbye to some talented team members. here was my message to the team this morning. pic.twitter.com/gBkoNf2iK3 — Garga.eth (Greg Solano) 🍌 (@CryptoGarga) April 26, 2024 As part of…
Billionaire venture capitalist Chamath Palihapitiya says Bitcoin is approaching its watershed moment as BTC makes its way into American households. In the latest episode of the All-In Podcast, Palihapitiya says the approval of spot market Bitcoin exchange-traded funds (ETFs) is changing the game for BTC. According to the venture capitalist, it’s still early days for Bitcoin and a time will come when BTC becomes the talk of the nation. “We’re going to get to a tipping point where everybody really talks about this. I still don’t think we are there yet. I think we’re just at the beginning, but when…
Over $500 million in Ethereum (ETH) long positions could be liquidated if the price experiences another major drop this weekend. This concern stems from the recent volatility witnessed in the ETH market, with sharp price swings becoming a recurring theme. Price Swings Threaten Ethereum Longs Last weekend, the price of ETH plunged by 2.5%, dropping to $3,036, triggering liquidations for some long positions. An even steeper decline of 9% occurred on April 13, pushing the price down to $2,950 before a rebound. ETH is currently trading at $3,052, down 0.52% in the last 24 hours. A similar price swing this…
In an extra-volatile period on the crypto market, the trading volume of XRP, a popular cryptocurrency, surged by a staggering 80% within the past 24 hours, soaring to a value surpassing $4 billion. CoinGlass reports that derivatives alone accounted for $2.16 billion, while spot markets added an additional $1.9 billion, marking a 55.4% increase from the previous day. Despite this substantial uptick, the token’s market capitalization stands at $32.5 billion, translating to a trading volume-to-market cap ratio of 12.5%, signaling active but not extraordinary trading. However, this surge in XRP trading activity occurred amid what can only be described as…
Silicon Valley-based venture capital firm a16z Crypto, the crypto arm of Andreessen Horowitz, issued a stern warning on April 25 to startup founders considering token sales in the United States. The advisory comes amidst growing regulatory scrutiny and enforcement actions by the US Securities and Exchange Commission (SEC). “The SEC argues that nearly every token should be registered under US securities laws,” commented a16z Crypto’s general counsel Miles Jennings. Selling Token In The US Carries Significant Legal Risks Launching a token can be as easy as sending an email. Unlocking their potential as a new digital primitive and bringing them…
Nym, a pioneering privacy-centric mixnet protocol, is joining forces with Aleo, a top-tier privacy-focused blockchain platform, in a strategic alliance backed by Leo Wallet. Leo Wallet, a renowned cryptocurrency wallet native to the Aleo network, is a trusted name in secure wallet infrastructure. The newly formed collaboration harnesses Aleo’s zero-knowledge Layer-1 blockchain technology and combines it with Nym’s Layer-0 mixnet protocol. Aleo’s blockchain empowers developers to create scalable, full-stack applications with built-in security features. By integrating Nym’s mixnet and NymVPN’s decentralized privacy solutions, users will benefit from enhanced privacy and security across their online interactions, encompassing both TCP/IP communications and…
On March 9, Bitcoin reached a historical milestone, with its daily closing price hitting an all-time high of $68,463. At press time, Bitcoin is on the verge of breaking the $70,000 mark, trading at approximately $69,415. This surge reflects a broader trend of increasing investment and confidence in the digital currency market. Market dynamics and Bitcoin’s dominance The total market capitalization of all cryptocurrencies currently stands at $2.76 trillion, with Bitcoin commanding a 49% market dominance. Bitcoin’s current price has ensured that 100% of its holders are profiting. The flagship cryptocurrency is just a hair’s breadth away from its previous…
While sales of non-fungible tokens (NFTs) have declined by over 38% in the past 30 days compared to the previous month, NFTs minted on the Bitcoin blockchain have dominated, accounting for more than 44% of sales. Statistics from the last 30 days reveal that four of the top five best-selling NFT collections all stem from the Bitcoin blockchain. Bitcoin’s Dominant Influence on NFT Sales Continues Bitcoin continues to advance in the realm of NFTs, having outperformed 24 unique blockchain networks over the past 30 days, including Ethereum. According to data from cryptoslam.io, Bitcoin-based NFTs have amassed $3.43 billion in total…