Author: NBTC
Thursday’s money laundering trial against Binance in Nigeria was postponed till June 20. Tigran Gambaryan, Binance’s compliance head, was seriously ill and needed medical attention. A Nigerian court on Thursday adjourned the money laundering trial against Binance and two of its executives to June 20 as one of the executives was ill, a family spokesperson for the executives told CoinDesk. Tigran Gambaryan, a U.S. citizen and Binance’s head of financial crimes compliance, was charged with both tax evasion and money laundering along with his employer. Gambaryan is “very ill and requires comprehensive medical attention,” his lawyer said in a letter…
Bitcoin recently experienced a flash crash, descending to just above the $61,000 mark. According to Peter Schiff, this price equates to approximately 26 ounces of gold. A famous Bitcoin critic Peter Schiff highlighted that at its peak two and a half years ago, one Bitcoin was equivalent to 37 ounces of gold. Schiff points out this 30% decrease as a clear sign of Bitcoin entering a bear market, at least when measured against the traditional safe-haven asset, gold. His past recommendations to choose gold over Bitcoin when the latter was trading below the $20,000 level have been met with criticism,…
Famous Australian rapper Iggy Azalea has joined the list of crypto-curious celebrities. “Who’s solana…? I don’t know that b***h,” the 33-year-old hip-hop artist posted on the X social media network. The post was met with mixed reception within the cryptocurrency community, with some social media users expressing concerns about potential top signals. Azalea came to prominence with her massive hit “Fancy” which was released in collaboration with British pop star Charli XCX. The song spent seven weeks atop the Billboard Hot 100 chart in the US. She went on to simultaneously occupy the two top slots on the main American…
Stripe, a leading financial infrastructure platform, has expanded its services to include support for the Avalanche C-Chain, according to a press release shared today. This development allows retail users to purchase AVAX, the native token of the Avalanche blockchain, directly through Stripe without the need for crypto exchanges. As noted in the press release, Avalanche’s native wallet, Core, developed by Ava Labs, has already integrated this new feature. Users can now fund their wallets using various payment methods, including ACH transfers, debit, and credit cards. Stripe noted that the Stripe onramp can be accessed through Core’s web extension or application.…
Kansas-based now-failed Heartland Tri-State Bank’s former head has pled guilty on Thursday for embezzling $47.1 million for a series of “personal crypto purchases.” This led to the bank’s failure in July 2023, at a complete loss of equity for investors, the U.S. Attorney’s Office for the District of Kansas noted. Shan Hanes, 52, who served as the CEO of the bank, purportedly orchestrated crypto schemes to cover the bank’s losses. He was squandering away tens of millions of dollars in cryptocurrency, the court order noted. “Shan Hanes is a liar and a master manipulator who caused Heartland Tri-State Bank to…
In the wake of significant turbulence in the cryptocurrency market, Samson Mow, a well-known advocate of the “$1 million for Bitcoin” theory, has emerged with a clear and optimistic outlook on Bitcoin’s future. Following a sharp decline in the price of Bitcoin, triggered by geopolitical tensions, Mow’s confidence in the cryptocurrency remains unwavering. Despite recent losses, he maintains a bullish stance, expressing his conviction that Bitcoin holds strong potential for future growth. The recent market downturn saw Bitcoin losing nearly 14% of its value, reaching a low of $60,660, its lowest level in almost a month. Altcoins experienced even greater…
Interoperability protocol Omnity has announced the integration cross-chain transactions for Runes using Internet Computer (ICP) infrastructure, allowing the usage of these assets in different decentralized applications. Runes are a Bitcoin (BTC) metaprotocol facilitating the trade of fungible tokens without transaction fees that went live after the halving. Omnity is the first protocol supporting Runes interoperability, a move that aims at reducing Bitcoin network congestion by leveraging ICP to handle transactions. This integration comes at a critical time as Bitcoin’s network activity surges due to ETF inflows, Ordinals inscriptions, BRC-20 tokens, and now Runes. In less than a week, the Bitcoin…
The Worldcoin Foundation expressed disappointment with Hong Kong regulatory authorities’ recent ban, emphasizing its commitment to lawful operation and data privacy compliance. The Worldcoin Foundation has expressed its disappointment with the recent decision by Hong Kong regulatory authorities to ban its operations, asserting that the organization operates lawfully and complies fully with all relevant data privacy laws, including Hong Kong’s personal data (privacy) ordinance. In a commentary to crypto.news, a spokesperson for the Worldcoin Foundation said the company “operates lawfully and is designed to be fully compliant with all laws and regulations governing data collection and use.” “This includes the…
Mizuho Securities is a major Japanese investment banking and securities firm. It is a subsidiary of Mizuho Financial Group, one of the largest financial services companies in Japan, which also includes Mizuho Bank and Mizuho Trust & Banking. On 12 April 2024, Dan Dolev, a senior research analyst at Mizuho Securities, joined CNBC’s “The Exchange”, where he provided a detailed and somewhat critical perspective on the cryptocurrency market, mainly focusing on Bitcoin and Coinbase. Dolev expressed significant skepticism about Bitcoin’s role and stability as an investment vehicle. He questioned whether Bitcoin behaves more like a growth stock or a store…
Despite a global crypto market downturn, Wormhole (W) surged by 7% to reach $0.6346. Introducing Native Token Transfers (NTT) for W allows seamless use across Solana, Ethereum, Arbitrum, Optimism, and Base. In defiance of the broader downturn in the crypto market, Wormhole’s native token (W) has surged by 7% within the last 24 hours, reaching $0.6346. This spike has propelled Wormhole’s market cap to $1.14 billion, securing its position at 73rd place in the cryptocurrency rankings. Additionally, the trading volume for W has soared by 72% in the same period, hitting $164 million. Wormhole has exhibited a price range of…