Author: NBTC

U.S. authorities have filed a motion aiming to take hold of the coins held in the wallets of the once-largest Russian cryptocurrency exchange, BTC-e. America’s justice department hopes to forfeit the digital money of the trading platform, which processed funds originating from all sorts of criminal activities. DOJ wants BTC-e’s cryptocurrency The U.S. Department of Justice is attempting to establish control over BTC-e’s crypto holdings as of the time the exchange collapsed, July 2017, Russian crypto media has learned. The DOJ has filed a lawsuit in the U.S. District Court of the District of Columbia, seeking the forfeiture of the…

Ethereum has slipped below the $4,000 mark for the first time this month, trading around $3,727 at press time. The decline reflects the lack of broad market support that has affected most major cryptocurrencies. Still, investors appear to be stepping in, signaling potential for a recovery in the coming days. Ethereum Investors Show Support The short-term holder Net Unrealized Profit/Loss (STH-NUPL) ratio recently dipped into the capitulation zone, indicating that most short-term holders are now realizing losses. Historically, this phase often precedes a market rebound as selling pressure eases and new demand begins to build. Ethereum’s current position mirrors past…

Global inflation persists, and fiat currencies weaken. Crypto emerges as an “inflation hedge” for millions of investors seeking to protect their wealth. MEXC’s report indicates that economic stress, cultural factors, and market cycles influence crypto adoption. It also highlights significant contrasts between regions. No One-Size-Fits-All Approach for Global Adoption As inflationary pressures and currency weakness persist, crypto is increasingly considered a haven. The latest report shared by MEXC shows that the share of global users citing crypto as an inflation hedge surged from 29% to 46% in Q2. It also reveals apparent regional differences. East Asia recorded the most significant…

Donald Trump’s decision to pardon former Binance chief CZ has ignited controversy, with critics calling it “disgusting” and questioning the links between politics and crypto. Summary Trump granted a full pardon to Binance founder CZ, erasing his money-laundering conviction. Reports reveal business links between Trump-affiliated firms and Binance entities, fueling concerns of collusion in the pardon process. Critics, including investor Adam Cochran, called the move “disgusting even for Trump,” accusing both sides of pay-for-crime politics. The pardon marks a new precedent in crypto regulation, showing how political power can reshape outcomes for convicted industry leaders. Table of Contents Trump grants…

The Russian state seems intent to bring most cryptocurrency miners out of the shadows, with the ultimate goal to tap into their profits through proper taxation. The finance ministry in Moscow has already added well over a thousand mining companies to a special register for entities engaged in the profitable business, in which Russia has become a major player. Russian government goes after mining profits Russia’s Ministry of Finance (Minfin) has set out to identify the majority of crypto mining firms in the vast country, in an effort to find out who’s minting Bitcoin and what they are making out…

The countdown for Fusaka upgrade on Ethereum mainnet is in earnest as Ethereum developers announced the date for a final rehearsal on the Hoodi testnet. At the All Core Devs Consensus (ACDC) held Oct. 16, Ethereum developers indicated that Fusaka would be coming to the Hoodi testnet on Oct. 28. Launched earlier this year, Hoodi is intended to more closely mirror Ethereum’s mainnet, with the Fusaka launch on it expected to be a near replica of how the upgrade will perform once it goes live. All Core Devs – Consensus (ACDC) #167 🦓 Fusaka upgrade: 📅 mainnet proposed for Dec…

Circle share price has come under intense pressure in the past few months. The Federal Reserve interest rate cuts will impact the company. The GENIUS Act mandated stablecoin issuers to only invest in short-term government bonds. The Circle stock price has pulled back in the past few months, moving from the record high of $298.54 in June to $130 today, erasing billions of dollars in value. This article explores what to expect now that the Federal Reserve has started cutting interest rates. Federal Reserve interest rates and stablecoins Circle, the second-biggest company in the stablecoin industry, could be affected substantially…

One of the most important times for Ethereum in 2025 is upon us. A decline below $3,000 is becoming more likely, as the asset teeters on the brink of a more severe correction following last week’s violent crypto-wide liquidation event. More declines for Ethereum? In the wake of Friday’s crash, the market is bruised. Market data shows that, in just one day, over $1.02 billion were liquidated, wiping out almost 310,000 traders. Over $269 million in forced positions were caused by Ethereum alone, making it the second-highest amount after Bitcoin. While excessive leverage was successfully flushed out, the event also…

U.S. stocks edged up on Thursday morning as Nvidia bet on Intel, with the S&P 500 extending gains above 6,600. Wall Street held onto the upbeat sentiment that followed the Federal Reserve’s signal of further interest-rate cuts. Summary S&P 500 rose 0.4% as the benchmark index looked to set another record high. Treasury yields dipped after Federal Reserve’s interest rate cut. Nvidia plans to invest $5 billion in struggling chipmaker Intel. The benchmark S&P 500 climbed 0.4% as it held above the 6,600 mark, while the Nasdaq Composite opened higher with an early 0.8% uptick. The blue-chip Dow Jones Industrial…

Intel (NASDAQ: INTC) and Nvidia (NASDAQ: NVDA) announced a new partnership on Thursday, September 18, working on several generations of custom data center and computing chips designed to boost performance in hyperscale, enterprise, and consumer applications. As part of the collaboration, Nvidia, the undisputed leader of the semiconductor sector, will also invest $5 billion in Intel by purchasing its common stock at a price of $23.28 per share. Following the news, Intel stock jumped more than 30% in pre-market trading, while Nvidia saw a 3% uptick, a welcome change following weeks of shaky performance and controversies regarding its Chinese sales.…