Author: NBTC

Jian Wen, a former U.K. takeaway worker convicted of money laundering Bitcoin, must pay over $3.78 million (£3.1 million) or risk serving an additional seven years in prison. The order comes as part of a Confiscation Order following a money laundering conviction. Wen, 42, was previously sentenced to six years and eight months in prison at Southwark Crown Court after being linked to a cryptocurrency wallet containing 150 Bitcoin—worth nearly $15 million at today’s prices. “Prosecutors told the court the sheer scale of the seized Bitcoin, the lack of any legitimate evidence for how it was acquired, all indicated that…

Soneium, Sony’s Ethereum Layer 2 platform, attempted to block meme coins as part of its official policy to curb unauthorized intellectual property usage. Nonetheless, users found a way to circumvent these measures, demonstrating the strength of decentralized platforms. Meme Coin Blocking Attempts on Soneium Get Foiled by Crypto-Savvy Users Soneium, Sony Group’s Ethereum L2 platform, is already embroiled in its first controversy just days after its mainnet launch. As part of its policies of intellectual property (IP) and contract protection, the project moved to restrict the activities of meme coins in its platform, by blocking their movements. The issue was…

The token’s shows price syndication with a possible rally on the horizon. RSI divergence signals weakening momentum despite recent price highs. Key price levels may decide Bitcoin’s next move upward or downward. Bitcoin is trading at $91,606.68 after achieving three all-time highs in the past week, but technical indicators now suggest possible volatility. The Relative Strength Index has shown a declining trend, and a triangle shape on the chart indicates that a major value movement could be approaching. RSI Divergence Signals a Loss of Momentum While Bitcoin’s value continues to rise, the RSI is moving in the opposite direction, which…

Ripple will invest in Bitwise’s XRP exchange-traded product (ETP) following its rebranding. The fund, previously known as ETC Group Physical XRP, is now named Bitwise Physical XRP ETP, said Bitwise Asset Management in a Wednesday press release. The ETP, trading under the ticker GXRP, was launched in 2022 and is 100% physically backed, operating under a prospectus approved by German financial regulators. The rebranding is part of Bitwise’s strategy to enhance its presence in the European market following the acquisition of ETC Group, which manages $1 billion in assets and includes various physical crypto ETPs, such as the newly launched…

Burwick Law has initiated legal proceedings against Pump.fun on behalf of investors who suffered losses from the platform’s meme coin trading activities. **LEGAL ACTION ALERT: PUMPDOTFUN** Burwick Law is pursuing legal action on behalf of investors in pumpdotfun memecoins. If you lost money on any pumpdotfun memecoins, you may be entitled to compensation. Read more below. — Burwick Law (@BurwickLaw) January 15, 2025 The firm highlights concerns over the platform’s anonymity and its display of illicit content. The action comes as Pump.fun generated a weekly volume of $2.2 billion, according to on-chain analyst Adam Tehc’s Dune dashboard. A recent report…

Plume Network, the earliest full-stack layer 1 RWA blockchain, has partnered with Cobo, a well-known platform for wallet infrastructure and digital asset custody. The collaboration aims to advance the accessibility of real-world yields among institutional investors. Top investors like Galaxy, Huan Ventures, and Brevan Howard Digital are reportedly backing the platform in this respect. The path to institutional RWA yields starts with trusted custody.We’re welcoming @Cobo_Global to enable their 500+ institutional clients to access real world yields through their battle-tested infrastructure. pic.twitter.com/WlmiGjI6ub — Plume Network – RWAfi L1 (@plumenetwork) January 17, 2025 The endeavor benefits from Cobo’s resilient custody infrastructure…

Ripple Labs has significantly improved the XRPL (XRP) ecosystem over the years, despite the legal hurdles in the United States. The blockchain payment company holds the largest share of XRP, through the escrow account, whereby the firm receives 1 billion units at the beginning of each month. As a result, Ripple has managed to improve XRP liquidity in addition to XRPL’s developments to compete with other layer-one blockchains led by Ethereum (ETH). Moreover, the Ripple vs SEC case is more likely to end as soon as President-elect Donald Trump is inaugurated early next year. New XRPL Foundation Incorporated The new…

On Jan. 20, 2025, the United States will start a new chapter in more ways than one. While the nation will be focused on President Trump’s inauguration as our 47th President, the U.S. financial sector will be celebrating the resignation of Joe Biden’s Securities and Exchange Commission Chair, Gary Gensler. As a member of the House Financial Services Committee, I am well aware of Gensler’s heavy-handed approach in stifling innovation and shackling the American economy’s engine. His punitive stance was particularly damaging in the burgeoning field of cryptocurrency and blockchain technology. While touting his actions as measures to protect investors,…

The era of new music production is almost here, and the Glacier Network ($GLS) community will usher in an innovative age as the company collaborates with Fireverse, an AI + Blockchain platform. Collectively, they plan to transform the music sector through innovative approaches that offer powerful and progressive applications and business models to content creators. 🤝Announcing a strategic partnership with @FireverseV 🎧Fireverse is a revolutionary music creation platform.⚡️Powered by VectorDB, Fireverse fuses AI creativity with blockchain, efficiently managing on-chain sequential data.https://t.co/Nw9V52sGhX — Glacier Network 🧊 $GLS (@Glacier_Labs) January 17, 2025 Fireverse: Pioneering AI-Driven Music Fireverse is at the top among…

Bitcoin (BTC) continues to cement its position as a dominant asset in the global financial landscape, achieving a historic milestone this week. According to the latest Bitfinex Alpha Market Report, BTC’s market capitalization has surpassed that of silver, reaching an all-time high (ATH) of $1.856 trillion. This achievement follows an impressive price rally that saw BTC climb to $94,309.46, marking its second ATH within a single week. The surge underscores the growing influx of institutional investment in digital assets, elevating Bitcoin’s status among the world’s largest traded assets. Source: CoinMarketCap BTC surges past silver in market value Bitcoin’s market capitalization…