Author: NBTC

Former South Korean lawmaker known for the Coin Gate scandal, Kim Nam-guk, has been declared ‘not guilty’ of all charges by court. According to a report from local media News1, a Seoul Southern District Court judge found Kim “not guilty” of all charges on his first trial. Kim was accused of misreporting his assets to the National Assembly in his attempt to hide the large profit he gained from cryptocurrency ahead of the crypto law changes. This news was known to the public as the “Coin Gate” scandal. Kim’s position as a South Korean government official gave him insider information…

US-based crypto miners are facing delays in receiving ASIC mining hardware due to intensified scrutiny of shipments from China’s Bitcoin, the dominant supplier of Bitcoin (BTC) mining rigs. As Bloomberg News reported, industry executives said shipments of Bitmain machines have been held up due to increased scrutiny by US Customs and Border Protection (CBP). The timing aligns with the US Commerce Department’s January blacklisting of Xiamen Sophgo Technologies Ltd., an AI firm affiliated with Bitmain, accused of furthering Beijing’s ambitions in advanced chip production. The delays also come amid escalating trade tensions between the US and China. The latest seizures…

Cryptocurrency analytics firm Alphractal has shared its latest views on the state of the crypto market, examining the market dynamics of sentiment indicators such as the Fear & Greed Index, social media sentiment, and Google Trends data. Alphractal highlighted that the Fear and Greed Index recently broke out of the “extreme greed” zone, a phase usually associated with market tops. This shift coincided with Bitcoin’s $108,000 peak. The analysis suggests that a breakout from this zone could signal the start of a more sustainable market trend. The firm also pointed to Google Trends data that showed a spike in search…

BingX Labs, the innovation arm of crypto exchange BingX, has invested $10 million in StakeStone to support the development of omnichain liquidity staking and StakingFi applications. The partnership aims to improve liquidity infrastructure, optimize capital efficiency, and expand cross-chain asset protocols in decentralized finance. DeFi refers to financial services built on blockchain networks, allowing users to lend, borrow, and trade assets without traditional banks. Liquidity staking lets crypto holders earn rewards by locking up assets to help secure a network. Omnichain liquidity staking takes this further by enabling staking across multiple blockchain networks, making it more efficient. The collaboration will…

Key Takeaways Phantom faced criticism after Ace of AI announced a supposed partnership, causing investment in ACE. Clarification by Phantom that it was not an official partnership led to ACE token’s value drop. Phantom, a prominent multi-chain crypto wallet provider, faced criticism after their social interaction with Ace of AI, which many interpreted as a formal partnership between the two projects, led to confusion and investor losses. On Jan. 9, Ace of AI announced on X that they were “excited to partner with Phantom” as part of the Phantom embedded early access program. Phantom replied to Ace of AI’s tweet…

Ben Armstrong, better known as BitBoy, has gone public with serious accusations against former business associates, claiming they engaged in extortion, fraud, and organized crime. This messy situation, fueled by a stolen Lamborghini, has blown up into a wider legal and financial fight, involving several people and a cryptocurrency business worth millions. Armstrong says he was tricked, threatened, and ultimately strong-armed into handing over valuable assets. His story suggests a complex web of made-up accusations, financial tricks, and betrayal. *If* people watch the video i’m about to post and still EVERYONE FUCKING HATES ME and NO ONE WILL FUCKING LISTEN…

Tokens like $DOGE, $PEPE, and $GIGA are notable for bringing audience participation and conversation. They are again in the news as top-performing tokens by social activity. Meme tokens maintain their stranglehold on the cryptocurrency market thanks to the use of social media platforms that can drive engagement and adoption. ⚡️ TOP MEME Tokens by Social Activity$DOGE $PEPE $UFD #FARTCOIN $MLG $PENGU $SHIB $PNUT $BONK $GIGA pic.twitter.com/BY6WSLpvv7 — 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) January 9, 2025 The current analysis of meme tokens by LunarCrush shows a number of posts, engagement rate, and social influence. Tokens like $DOGE, $PEPE, and $GIGA are…

Ukraine is preparing to legalize cryptocurrencies by the summer of this year, with lawmakers disclosing that the bill is already fully drafted. Ukraine’s Crypto Legalization Plan The chairman of the Finance, Taxation, and Customs Policy Committee of the Verkhovna Rada of Ukraine, Danylo Hetmantsev, stated that Kyiv expects to “legalize” cryptocurrencies before summer. Hetmantsev shared, “I can promise you for sure that we will do everything possible. We want to ensure that this law passes [the Rada] by the summer of this year at the latest.” According to local media outlets, Hetmantsev’s assurance seems significant as he mentioned that lawmakers…

Bitcoin continued rising in price over the weekend, reaching a high of $98,300 after finding crucial support at $91,405. The largest crypto by market cap has risen for six consecutive days, coinciding with ongoing demand and supply dynamics. On the supply side, the mining difficulty and hash rate metrics have jumped to their record highs since the last halving event in April. This trend has pushed the coin’s inflation rate to 1.11%, much lower than the US consumer price index figure of 2.7%. It is also lower than 12%, compared to 2016, while the amount of Bitcoin (BTC) in exchanges…

BNB Chain’s three-phase roadmap supports Web3 builders with tools for innovation, growth, and long-term sustainability. Initiatives like MVB, Greenfield, and AI integrations aim to foster impactful projects, driving the evolution of the Web3 ecosystem. BNB Chain’s three-phase roadmap begins with robust support for early-stage Web3 projects, ensuring they have the tools and resources to grow. Following developments highlighted in a previous CNF update, where the BNB Chain ecosystem expanded Web3 applications with an emphasis on AI integration. This new integration is the Most Valuable Builder (MVB) program stands out by providing tailored incubation services. These services equip fledgling projects with…