Author: NBTC

The Russian Ministry of Energy is considering offering its now strictly regulated Bitcoin mining industry incentives to move to the north of the country. The move follows Russia slapping a Bitcoin mining ban on ten regions (mainly in the south) in January of this year: Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk, Lugansk, Zaporizhzhia, and Kherson. The ban is set to remain in place until March 15, 2031, and the government is exploring plans to expand the restrictions to new regions. Russia—with its relatively cold weather and cheap energy supplies—was historically one of the world’s top Bitcoin mining hubs.…

Ethereum price found support at $2,320 and started a fresh increase. ETH is now rising and might aim for a move above the $2,650 resistance zone. Ethereum started a decent increase above the $2,450 and $2,500 levels. The price is trading above $2,500 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2,530 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain strength if it clears the $2,650 resistance in the near term. Ethereum Price Regains Traction Ethereum price started a downside correction below the…

Cathie Wood believes Trump’s tariffs could lead to freer markets, boosting US economic growth. She highlights technology, healthcare, and AI as key sectors poised to benefit from reduced trade barriers. Wood predicts innovation will help the US overcome its growing budget deficit. President Donald Trump’s trade tariffs have caused quite a stir, shaking markets and raising concerns. But could this shakeup actually be a sign of better things ahead? Cathie Wood, founder of ARK Investment Management, believes the recent volatility might mark a turning point for the US economy and stock markets. In a Bloomberg Television interview on May 19,…

Nearly 500K FXRP minted on Songbird in 24 hours, without minting or redeeming incentives. USDT0 integration helped Flare double its TVL and simplify cross-chain asset transfers. Anyone who follows the crypto world knows that Flare Network is preparing something big. And yes, that real action began with the launch of FAssets v1.1 on the Songbird network. In less than 24 hours, almost half a million FXRP were minted—without incentives. That much in such a short time? That’s not just any launch, it’s a sign that the system is ready for real use. The FAssets v1.1 rollout on Songbird spoke volumes.…

Genesis Global has filed two new lawsuits against its parent company, Digital Currency Group, aiming to recover billions of dollars it alleges were improperly transferred as the lender’s financial condition deteriorated in 2022. The new filings, publicly released Monday, allege DCG, CEO Barry Silbert, and affiliated executives orchestrated fraudulent transfers and misleading disclosures. A Delaware Chancery Court complaint alleges that Genesis was “recklessly operated, exploited, and then bankrupted” by its parent company, following “a spectacular campaign of fraud and self-dealing.” Silbert allegedly “stepped in to conceal the crisis at Genesis from its lenders,” while being “acutely aware” of risks embedded…

South Korea’s biggest crypto exchange by trading volume, Bithumb, has bounced back, easily regaining more than a quarter of the country’s total digital currency trading volume ahead of its anticipated $1 billion IPO in late 2025. The rise is a welcome return to form for Bithumb, which has had a torrid 12 months. Founded in 2014 under the name Xcoin and rebranded in 2015, Bithumb once ruled the roost in South Korea with over 70% of trading volumes. However, the exchange began to fade after suffering hacks, including one in 2018 that saw it lose about $30 million. Meanwhile, rival…

Bitcoin is struggling to hold the $94K support level as market sentiment weakens ahead of the upcoming Fed rate decision. Is $92K the next stop? As the crypto market fails to sustain a valuation above $3 trillion, Bitcoin has experienced a pullback. Over the weekend, its price dropped from $96,926 to $94,162, a 3% decline. Currently, Bitcoin is holding above the $94,000 mark, trading at $94,335, following a rebound from a 24-hour low of $93,550. This lower price rejection reflects bullish efforts to defend recently reclaimed levels. However, sell signals against Bitcoin are mounting. Could this lead to a deeper…

Ethereum (ETH) has been making steady gains over the past day, standing out in a market where most cryptocurrencies have shown limited movement. In the last 24 hours, Ethereum’s price rose by 6.93%, and over the past week, it’s up 5.61%, currently trading around $2,558.65. One of the factors behind this rise is a fresh update from the Ethereum Foundation. The organization announced changes to its leadership structure, naming Hsiao-Wei Wang and Tomasz K. Stańczak as new Co-Executive Directors. Along with a newly appointed President, this marks a step toward strengthening the foundation’s management and decision-making processes. The news has…

Pomerantz LLP has filed a class action against Strategy (formerly MicroStrategy) and its executives over the company’s Bitcoin investments and related financial disclosures. The New York law firm recently filed the class action in the U.S. District Court for the Eastern District of Virginia. Notably, the plaintiffs include investors who acquired Strategy stock between April 30, 2024, and April 4, 2025. The class action alleged that Strategy violated federal securities laws and hopes to pursue remedies on behalf of investors under Sections 10 (b) and 20 (a) of the Securities and Exchange Act. Allegations Against Strategy According to the complaint,…

Astar Network is asking for community feedback on its latest proposal, suggesting a shift in its ASTR tokenomics from a dynamic inflation model to a fixed maximum supply model. On May 16, Astar Network (ASTR) raised attention to its forum proposal on its official X account. Posted on the protocol’s official blog, the proposal consisted of a third update to its tokenomics, which would include a change to its current token supply model. “A forum proposal exploring a fixed supply model is currently under discussion. Community voices are encouraged as we rethink Astar’s future,” wrote the protocol in its post.…