Author: NBTC

On Tuesday, onchain analyst and founder of Timechainindex.com Sani flagged a bitcoin transaction in which the owner transferred 107 $BTC, valued at $8.2 million at current exchange rates, to a burn address, rendering the funds permanently inaccessible and impossible to spend. Key Takeaways. Timechainindex.com founder Sani flagged a 107 $BTC burn on May 25 worth more than $8.2 million. Bitcoin burn wallet holdings reached 807 $BTC, valued at nearly $62.15 million. Counterparty burned 2,131 $BTC in 2014, fueling renewed proof-of-burn debate. Bitcoin Burn Wallet Jumps to 807 $BTC After Mystery User Burns $8.2 Million According to onchain data, on Monday,…

Ethereum price has continued struggling to build momentum above the $2,000 level after repeated rejection near major resistance zones. Analysts have warned that another wave of selling could drag $ETH toward the $1,800 region if current support levels fail.According to data from Coingecko, Ether traded near $2,066 on Wednesday after spending several weeks moving sideways just above the psychological $2,000 support area. Price action has remained weak since $ETH failed to reclaim the 200-week simple moving average near $2,470 earlier this year, with traders showing caution as ETF demand softened and momentum across major altcoins weakened. Crypto analyst Ali Martinez…

The Bank of England (BOE) and the Financial Conduct Authority (FCA) set out their approach to tokenization and its use in U.K. financial markets and said they are seeking public feedback on the proposal. In a joint statement, the regulators said it’s time for the public and private sectors to utilize the technology in financial infrastructure to drive economic growth and innovation. Tokenization is the process of representing a real-world asset in the digital environment of a blockchain. “Tokenisation has the potential to transform wholesale markets – reshaping how assets are issued, traded and settled,” Simon Walls, executive director of…

Bitcoin financial services firm Swan Bitcoin is facing a lawsuit seeking the return of approximately $1 billion in assets, linked to the 2023 collapse of the crypto custodian Prime Trust. The complaint, filed by the PCT Litigation Trust, alleges that Swan used non-public internal information to preemptively move its assets just before Prime Trust declared bankruptcy, thereby avoiding losses that other creditors suffered. The Allegations at the Core of the Lawsuit According to the lawsuit, Swan Bitcoin transferred assets including roughly 12,000 BTC, stablecoins, and $XRP out of Prime Trust shortly before the custodian’s financial collapse. The PCT Litigation Trust…

Bermuda is turning the idea of a blockchain-based economy into a government project, and the scope is unusually broad. The Bermuda digital dollar blockchain push is not just about launching a token. It stretches from public stablecoin tests to government fee payments, digital treasury accounts, and legal changes meant to make smart contracts work inside the country’s rules. That makes this more than another crypto pilot. Bermuda has partnered with Circle, Coinbase, and Stellar as it tries to move its economy onto blockchain infrastructure, using a mix of stablecoins, sovereign digital currency plans, and public-sector payment rails. The approach is…

Following reports of U.S. Navy strikes against targets in Iran, bitcoin dropped nearly $800 in over three hours on Monday night, slipping below $77,000 and wiping out roughly $20 billion in market capitalization. Key Takeaways: Late on Monday, bitcoin fell nearly $800 below $77,000 following reports of U.S. Navy military strikes in Iran. Brent crude spiked near $99 as maritime clashes disrupted energy markets and dented crypto capitalization. The Strait of Hormuz remains risky for shipping firms, threatening trade even if a peace deal is struck. Market Reaction to Geopolitical Shocks Bitcoin slipped back below $77,000 late Monday after reports…

Hayden Adams, the founder of the decentralized exchange Uniswap, has outlined a bold vision for the future of finance. In a series of posts on X, Adams predicted that Ethereum ($ETH) will eventually function as a global currency and that virtually all assets will be tokenized on the blockchain. Adams’ Vision for a Tokenized Economy Adams argued that the most robust and decentralized monetary system is one where various assets compete freely. He suggested that a single unit of account is not strictly necessary if a low-cost, highly efficient exchange system is established. In this future, users would directly hold…

Interest around SpaceX continues to dominate both traditional finance and crypto markets. Traders now rush toward blockchain-based exposure as rumors around a potential public listing gain momentum. The latest numbers show massive activity on Solana-powered PreStocks markets, where investors speculate on future equity valuations before any official IPO announcement arrives. Over the last 24 hours, Solana-based trading volume linked to SpaceX surged to $11.9 million. That sharp increase highlights growing enthusiasm around SpaceX IPO speculation. Traders now treat these blockchain markets like an early battleground for price discovery. The market currently assigns SpaceX an implied fully diluted valuation of nearly…

Billionaire investor Mark Cuban has pointed to the cryptocurrency industry’s dramatic change in its stance on government oversight to defend his recent, controversial proposal to implement a federal tax on artificial intelligence (AI) computing. A controversial proposal In a recent exchange on X, Cuban engaged in a debate over government intervention after suggesting a small federal tax (less than 50 cents per million tokens) levied directly on AI providers. Cuban argued the tax would urgently force major AI developers to optimize tokenization and drastically reduce the massive energy consumption associated with large language models. The proposal quickly drew heavy criticism…

Oobit, the global crypto payments app backed by Tether, has integrated the Arbitrum network into its payments infrastructure, expanding its push to make stablecoin spending easier at mainstream merchants. The move connects Arbitrum users with Oobit’s payment rails, allowing them to transact at more than 150 million Visa-accepting merchants across over 200 countries. For Oobit, the integration adds one of Ethereum’s most widely used Layer 2 networks to its growing multi-chain platform. For Arbitrum, it marks another step in taking stablecoin activity beyond crypto-native markets and closer to everyday commerce. Arbitrum adds scale to Oobit’s payments network The integration gives…