Author: NBTC

The U.S. federal court from Florida has ordered three individuals to pay more than $128 million in penalties for orchestrating a fraudulent commodity trading scheme that ensnared over 12,500 investors through a platform called EmpiresX. Brazilian nationals Emerson Pires and Flavio Goncalves, along with Florida resident Joshua Nicholas, must pay disgorgement and civil penalties for violating the Commodity Exchange Act, according to the default judgment from the U.S. District Court for the Southern District of Florida. The court ordered Pires and Goncalves to jointly pay $32 million in disgorgement and $96 million in civil penalties. Nicholas faces separate penalties of…

The Algorand Foundation has publicly urged Elon Musk’s Department of Government Efficiency (DOGE) to adopt its blockchain for government operations. In a Feb. 4 post on X, the foundation highlighted how Algorand’s technology could enhance transparency, particularly in tracking federal expenditures. According to Algorand, its blockchain is built with quantum-resistant security, making it ideal for safeguarding sensitive government data and preventing tampering. Algorand is a proof-of-stake blockchain that was launched in 2019. While its ALGO native token ranks among the top 50 cryptocurrencies by market capitalization, adoption of the network has been slow. Moreover, the project also faces legal scrutiny,…

The hawkish stance in the FED minutes released last night deepened the decline in Bitcoin, while the US government’s subsequent court permission to sell the Bitcoins seized from Silk Road affected the price even more negatively. The Bitcoin price fell below $93,000, creating fear among cryptocurrency investors. Evaluating this decline, Singapore-based crypto firm QCP Capital said that there is a possibility that the Bitcoin price may drop to $90,000. Stating that macroeconomic concerns have increased with the FED minutes last night showing an increasingly hawkish stance, QCP analysts said that this situation could continue to pull down Bitcoin and altcoin…

Just about a decade ago, Ethereum was hailed as the world’s most innovative blockchain, and even its developer, Russian programmer Vitalik Buterin, became so loved by the crypto community that they called him Nakamoto 2.0. Years later, the second-largest crypto by market cap is crumbling under the weight of its own ambitions. We might know why. Ethereum’s problems didn’t start with the Ethereum Foundation’s executive director, Aya Miyaguchi; as a matter of fact, we could argue she’s not to blame at all. At the center of it all is Ethereum’s founder, the de facto “board” or “sole decision maker” of…

The Jupiter airdrop, also known as “Jupuary,” is a highly anticipated event for Solana blockchain users. If you’ve been trading, staking, or contributing to Jupiter, you might already qualify for this reward. This guide sets out how to claim the Jupiter airdrop, ensuring you don’t miss out on your share of the 700 million JUP tokens — almost $580 million in value — up for grabs. In this guide: How to claim the Jupiter airdrop? What to know about the Jupiter airdrop? What’s the purpose of the Jupiter airdrop? Stay safe when claiming airdrops How to claim the Jupiter airdrop?…

Crypto exchange Kraken has appointed Ben Gray, former Global General Counsel at Paxos, as its new chief legal officer. U.S.-based cryptocurrency exchange Kraken has hired Ben Gray as its new chief legal officer to strengthen its legal team. In a blog announcement, the exchange said that Gray will oversee the company’s legal, compliance, and enterprise risk management. Kraken co-CEO Arjun Sethi says Gray will play a “critical addition” to the exchange’s leadership team as the trading company scales the business. “His deep experience as a general counsel and chief compliance officer make him an ideal CLO for Kraken, as the…

Terminus Network, an innovative payment platform bridging between real-world and crypto transfers, has partnered with Assetux, a chain-agnostic and gasless crypto wallet. The collaboration focuses on advancing the transfer of digital assets, enabling an unparalleled Web3 adoption throughout the APAC jurisdiction. The platform took to its official X account to disclose this partnership. 🚀 New Partnership Alert! 🚀We’re excited to announce the official partnership between @assetux and @terminus_pos! 💥Assetux, the gasless, chain-agnostic crypto wallet pioneering EVM adoption directly from Telegram, is teaming up with Terminus Network, backed by… pic.twitter.com/Re1Zp1TbrH — Terminus (@terminus_pos) February 4, 2025 Terminus Network Partners with Assetux…

It has taken just over 48 hours for the primary cryptocurrency to erase all gains registered since the start of the year and dumped below $92,000. The altcoins have also been suffering a lot lately, which begs the question (again) of whether this bull market has been halted. Ever since the all-time high registered on December 17 at over $108,000, the primary cryptocurrency has been on a predominantly bearish trajectory that drove it to $91,300 last Monday, which became a monthly low. It managed to bounce off in the following days and even spiked above $100,000 earlier this week, but…

Ethereum co-founder Vitalik Buterin has stated that the upcoming Petra hard fork will be able to double the capacity of layer-2 networks. This will be achieved by increasing the blob target from 3 to 6. “Blobs” are large data packets that were introduced with the Dencun hard fork in early 2024 in order to enhance the scalability of layer-2s. Buterin previously voiced support for increasing blob space in the upcoming Petra upgrade. He stressed the importance of scaling, warning that people would switch to other chains. “If Ethereum does not offer this, then people will find it elsewhere, and people…

Nichome has announced support for bridging and staking USDT. Users can now move USDT to Neo X from various EVM networks and stake it with Nichome to earn X Credits. Nichome is an activity incentivization platform for Neo X, designed to reward users for interacting with Neo X projects. The platform centers around Nichome’s Treasure Chest mechanism, which allows users to stake GAS to receive chests containing potential rewards. To unlock a chest, users need to collect X Credits to obtain a KEY. X Credits can be earned by performing daily tasks, interacting with ecosystem projects, and bridging and staking…