Author: NBTC

A federal court in Brazil sentenced 14 people to jail for laundering more than 508 million reais ($95 million) from international drug trafficking and other violent crimes, wrapping up a years-long investigation into a sophisticated criminal network spanning multiple states. The two group leaders were each sentenced to over 21 years in prison, while other sentences ranged from 8 to 17 years. All defendants were ordered to repay the full amount laundered, and assets including seized planes and luxury cars were forfeited to the federal government. The operation, dubbed Terra Fértil, uncovered a scheme that used fake companies across two…

Cryptocurrency analysis firm Chainalysis has disputed Binance’s assessment of illicit cryptocurrency flows using its own data, stating that the exchange’s analysis leaves out important categories and is therefore “incomplete.” The controversy began when Binance claimed in a blog post published on November 17 that illicit trading volume on major exchanges was only between 0.018%–0.023%, citing data from Chainalysis and TRM Labs. In its post, Binance argued that when the trading volumes of seven major crypto exchanges were examined, direct flows from illicit wallets were at extremely low levels, and that Binance, despite having much higher volumes, had the lowest exposure…

The cryptocurrency market has slipped into the red zone. Bitcoin has once again dipped below the $90k mark and Ethereum has crashed to $2800. Amid this tense situation, Sharplink CEO Joseph Chalom has opened up about a possible Ethereum supercycle. In an interview with Milkroad, he said that a few years ago, explaining Ethereum to investors was difficult. Most people didn’t understand what it was meant to do. Today, the story is much clearer. Ethereum is not only a store of value and sometimes deflationary, but it is also a network where developers can build apps, exchanges, lending platforms and…

American Bitcoin Corp. (ABTC), a U.S. focused bitcoin mining and treasury firm company founded by Eric Trump and Donald Trump Jr., saw its shares plunge as much as 50% on Tuesday. The drop came despite bitcoin rallying above $91,000 and gains for nearly all crypto-related stocks. According to Nasdaq data, trading volume surged to 55 million shares compared with a 3 million daily average, signaling heavy selling pressure. The decline is of particular note given the strong rally in bitcoin on Tuesday — which has gained back all of its panicky decline from the previous 36 hours to trade back to…

SEC Chairman Paul Atkins, whose pro-cryptocurrency stance has drawn attention, has made new statements regarding the cryptocurrency sector. He stated that the “innovation exemption” for cryptocurrency companies was introduced in January. Speaking on CNBC’s Squawk Box, the SEC Chairman stated that the agency will launch the crypto innovation exemption in January. Accordingly, Atkins said the SEC plans to change its rules to reduce litigation risks and stimulate the IPO market. The SEC previously announced in September that it planned to implement the exemption system, designed to streamline regulations and allow companies to launch new products and services faster, by the…

South Korea’s largest cryptocurrency exchange, Upbit, announced that it will begin a phased restart of its deposit and withdrawal services starting December 1, 2025, at 1 PM KST. The South Korean exchange will now restart operations in installments. Upbit will begin a phased resumption of deposits and withdrawals on December 1 at 1 PM KST following a $36.8 million Solana network hack. Upbit suspended services after a North Korea-linked hack The platform initially suspended all of its services due to a security breach on November 27 that resulted in the unauthorized withdrawal of approximately 54 billion Korean won ($36.8 million)…

Cache Wallet, a robust self-custody crypto wallet entity, has partnered with FishWar, a cutting-edge Web3 gaming platform. The partnership aims to advance Web3 gameplay for consumers delving into the on-chain and AI-powered ecosystem of FishWar. As Cache Wallet pointed out in its official social media announcement, the development denotes a key move toward accelerating usability and trust within the world of decentralized gaming. Hence, the move is set to bring about a wider shift toward more intuitive and safer Web3 environments. Cache Wallet and FishWar Collaborate to Bolster Web3 Gaming with Comprehensive Security The collaboration between Cache Wallet and FishWar…

Ethereum is rolling out its “Fusaka” upgrade tomorrow, which includes 13 major improvement proposals (EIPs) affecting the fundamental operation of the network, from scalability and security to user experience and DoS resistance. This update is seen as one of Ethereum’s most comprehensive technical improvements in recent years, especially in terms of the Layer-2 ecosystem, node operators, developers, and user experience. The most notable innovations with Fusaka are the significant increase in blob data capacity added to blocks, security-focused parameter improvements, faster synchronization, cheaper smart contract running costs, and new encryption standards compatible with mobile devices. One of Fusaka’s key focuses…

Bank of America’s 2026 market outlook paints a picture of strong global growth, led by AI investment, but warns that volatility could rise as investors begin to grasp the full impact of the technology on the economy. The bank’s global research team expects U.S. GDP to grow 2.4% year-over-year by the end of 2026, above consensus, driven by business investment, fiscal stimulus, and recent rate cuts. China’s growth is also projected to beat expectations, with forecasts at 4.7% for 2026 and 4.5% in 2027. But the most significant force shaping the bank’s forecast is artificial intelligence. The surge in AI…

The Central Bank of Russia has officially confirmed that cryptocurrency regulations in the country may be loosened. Last week, Deputy Finance Minister Ivan Chebeskov announced that the current regulation, which only allows a limited number of “highly qualified” investors to access decentralized digital assets like Bitcoin, is about to be amended. Following this statement, First Deputy Governor of the Central Bank of Russia Vladimir Chistyukhin confirmed to the press that the issue of using the term “highly qualified investor” as a mandatory criterion in new crypto regulations is being reconsidered. “As our colleagues in the Ministry of Finance have stated,…