Author: NBTC

Binance’s problems in Nigeria continue as two employees remain detained in the country. Authorities in Nigeria asked a court in the capital of Abuja to extend the detention of two executives who have been held since Feb. 26. Officials sought to extend the court order allowing the executives to be held, which lasted 14 days. Binance’s head of financial crime compliance, Tigran Gambrayan, and Nadeem Anjarwalla, the regional manager for Africa, are being detained in the country. They have not been charged with any crimes. Read more: Nigeria’s SEC issues second ‘Binance’ investor warning, cites exchange website Earlier this week,…

Bitcoin Virtual Machine (BVM) is a rapidly growing L2 protocol on Bitcoin. It allows users to create their own layer 2 networks and drives the value of its native BVM tokens. Developers told CoinDesk that the team plans “juicy” airdrops for BVM stakers, which could fuel demand for the tokens. Bitcoin Virtual Machine, a protocol founded late February, is gaining traction among traders betting on the general growth of the Bitcoin ecosystem, driving demand for its BVM tokens. Data shows that the project’s BVM tokens have added 35% in the past 24 hours, beating a general market decline. The CoinDesk…

In response to the recent announcement by the BRICS nations, Bitcoin ETF issuer VanEck’s advisor, Gabor Gurbacs, has advocated for the adoption of Bitcoin (BTC) instead of rushing into Central Bank Digital Currencies (CBDCs). The BRICS announcement focused on the creation of an independent payment system based on digital currencies and blockchain technology. However, Gurbacs strongly disagreed with the idea. VanEck Advisor Urges Countries To Adopt Bitcoin The VanEck strategist took to the X platform to express his perspective on the CBDC initiative by BRICS. He encouraged Bitcoin adoption and stated, “Countries should just adopt Bitcoin instead of creating flavors…

Andrew Kang, co-founder of Mechanism Capital, has successfully acquired the original Pepe the Frog NFT. The major acquisition happened in a private sale conducted by Sotheby’s as part of the asset liquidation process of a now-defunct crypto hedge fund, Three Arrows Capital (3AC). However, intriguingly, the exact financial details of the sale remain undisclosed. Sotheby Facilitates Pepe NFT Transaction Sotheby, the auction house, confirmed the successful transfer of the Pepe NFT to Kang’s digital wallet, marking a new chapter in the asset’s storied history. Generated by the artist Matt Furie, this NFT features a scan from the Boys Club comic…

Judge James Mellor said that Wright was not Satoshi Nakamoto the creator of Bitcoin. What happens next will depend on what Mellor states in his written judgment. The Crypto Open Patent Alliance (COPA) secured an initial victory on Thursday when the presiding judge in its U.K. trial against computer scientist Craig Wright declared that he is not Satoshi Nakamoto, the creator of Bitcoin, but the battle is not over. COPA wants court orders in place to limit Wright’s ability to sue others. Wright has pursued a series of lawsuits claiming rights to the Bitcoin whitepaper, the Bitcoin technology and stashes…

Blockpass and Animoca Brands, two prominent names in the web3 and digital property rights sectors, have entered into a partnership aimed at enhancing security and compliance within the web3 environment. The agreement signals a deeper collaboration between Blockpass, poised to augment identity verification processes, and Animoca Brands, a Hong Kong-based game software company and venture capital company co-founded in 2014 by Yat Siu and David Kim. The partnership focuses on leveraging Blockpass’s KYC/AML software to ensure a secure and user-friendly experience in the rapidly evolving web3 and metaverse arenas. The collaboration between Blockpass and Animoca Brands is designed to tackle…

Across Twitter on Tuesday, disbelief and jubilation reigned as Bitcoin briefly broke past $69,000 (before crashing), exceeding the previous record set for the coin’s all-time high price in late 2021. Rarely known for their modesty, many Bitcoin maximalists took the opportunity to call out perceived doubters of the BTC cause who jumped ship after crypto markets cratered in mid-2022. “Do not be polite, do not take the high road, do not be gracious in victory,” Kevin McCordic, Ecosystem Growth Lead at Monad Labs, wrote on Tuesday. “No mercy. Unload on the haters.” Accompanying the post was an edited scene from…

According to data shared by cryptocurrency analysis company Arkham, the Solana network is once again on the agenda as investors benefit from the upward momentum. A trader known as Onchainclown.sol earned a staggering 330x return on their initial investment. Two months ago, onchainclown.sol made a modest investment of $6,000. Today, their portfolio has skyrocketed to over $2 million. How was such a staggering increase achieved? According to Arkham, the basis of the success of onchainclown.sol lies in WIF, the trending memecoin of recent days. Cüzdan was able to increase its initial investment up to $450,000 due to WIF being an…

Prosecutors are asking the judge to sentence Sam Bankman-Fried to 40-50 years in prison for the FTX scam. Sam Bankman-Fried, founder of the bankrupt FTX cryptocurrency exchange, could face 40 to 50 years in prison, according to federal prosecutors. The charges come after Bankman-Fried was found guilty of stealing $8 billion from clients. “His life in recent years has been one of unparalleled greed and arrogance; ambition and rationalization; risk-taking and repeated gambling with other people’s money,” prosecutors said in a statement. “Even now, Bankman-Fried refuses to admit that what he did was wrong.” A jury in November found Bankman-Fried…

Aptos Labs, the team behind the layer-1 blockchain, has entered into a partnership agreement with Google Cloud to expand game offerings with web3 capabilities. Google Cloud, known for its expansive cloud services, has broadened its roster of blockchain partners with a focus on integrating gaming into the web3 landscape. This time, the internet giant partnered with Aptos Labs, known for its work on the Aptos blockchain, according to a press release shared with crypto.news. Under the collaboration, Google Cloud added support for Aptos’ latest venture dubbed “Aptos GameStack,” which is described as a unified platform for the creation, integration, and…