Author: NBTC

Bitcoin ATMs are becoming increasingly common across the United States, but with their increasing presence comes a significant increase in cybercrime risks. These machines, which allow users to buy and sell cryptocurrencies, operate similarly to traditional cash ATMs with PINs and transaction fees. However, the high value and digital nature of cryptocurrencies make Bitcoin ATMs particularly attractive to hackers and cybercriminals. “These machines are particularly vulnerable to both physical and cyber threats, making them prime targets for hackers and thieves,” said Timothy Bates, a professor of cybersecurity in the University of Michigan’s College of Innovation and Technology. Bates noted that…

Ethereum founder Vitalik Buterin responded to concerns about ETH token sales by him and the Ethereum Foundation, which has repeatedly sold ETH for cash this year. On-chain analyses have frequently highlighted periodic ETH movements from the Ethereum Foundation. For example, on October 15, the foundation sold ETH valued at approximately $258,000. A week before that transaction, the foundation transferred ETH worth around $3.03 million to the Bitstamp exchange. According to on-chain analyst Lookonchain, the Ethereum Foundation has cashed out ETH valued at over $11 million since January. These sales worry market participants, particularly as they often coincide with ETH bull…

The LayerZero Foundation has officially closed the ZRO token claim period and started the process of reallocating unclaimed tokens. They’ve detailed the criteria for determining eligible wallets, how the reallocation will work, and the process for claiming additional tokens on their X account. The ZRO claim period has ended. Any unclaimed tokens are being reallocated to wallets that claimed before 9 AM PT today.Eligibility for reallocation:– Ineligible: Wallets that claimed ZRO but had no transactions after the Token Generation Event (TGE) will not receive any more… pic.twitter.com/rOBimR8Fx0 — LayerZero Foundation (@LayerZero_Fndn) September 20, 2024 How ZRO Tokens Will Be Reallocated…

The United States and Nigeria have formed a Bilateral Liaison Group to counter cryptocurrency-related crimes and illicit finance. An Oct. 23 announcement reaffirmed the United States’ dedication to working closely with Nigeria. The US Department of Justice pledged to support Nigeria in strengthening its capabilities for investigating and prosecuting cybercrimes. While the two nations have collaborated on other initiatives in the past, this effort explicitly targets crimes involving crypto, as both countries have seen substantial crypto adoption. Recent data from Chainalysis reveals Nigeria as the second-largest crypto adopter globally, making it a leader in digital finance across Sub-Saharan Africa. Meanwhile,…

One of the major breakout successes this year for the team behind layer-2 blockchain Polygon is Polymarket – the decentralized predictions market where users have flocked this year to place bets on everything from presidential politics to the conclusion of an HBO documentary. What’s less clear to crypto analysts examining Polygon’s performance metrics is whether the coup will bring relief to holders of the project’s ailing tokens, down 65% this year. Polymarket has soared in popularity among mainstream users, allowing them to make bets on the upcoming U.S. presidential election. Polymarket bettors have added nearly $2.4 billion on the question…

Pseudonymous crypto analyst TechDev says that Bitcoin (BTC) and digital assets are in the middle of a massive bear trap before the next leg up. TechDev shares a chart with his 467,000 followers on the social media platform X that suggests Bitcoin’s market cycles happen in a series of stages starting with “accumulation” and ending in a bull trap. According to TechDev, BTC is in the “bear trap” phase of the cycle, which precedes “renewed optimism,” “FOMO” (fear of missing out) and “euphoria” stages before topping out and entering the bull trap. Source: TechDev/X The analyst also believes that USDT…

Ethereum saw a surge in whale transactions, reaching a six-week high as its price dropped to $2,380 on Friday. This rise in large transactions suggests a potential shift in the market, though its impact on Ethereum’s price recovery remains unclear. 🐳 Ethereum’s whale activity spiked to a 6-week high as its price declined as low as $2.38K Friday. Historically, this is a sign of accumulation from high capital key stakeholders. Though not a guarantee this will have an immediate effect on prices bouncing, it is encouraging! pic.twitter.com/zcofdvszLF — Santiment (@santimentfeed) October 26, 2024 Data from Santiment shows a rise in…

Chiliz Group, the crypto project dedicated to sports, makes its Web3 infrastructure available and launches Chiliz Includ3d, to promote inclusivity. The first inaugural program will be Includ3d Accelerator, a training course that will start in October 2024. Chiliz: the crypto project of sports launches includ3d for inclusivity with Web3 Chiliz: the crypto project of sports and the launch of the Includ3d Accelerator for Web3 The price of CHZ in bullish Chiliz: the crypto project of sports launches includ3d for inclusivity with Web3 Chiliz Group, the crypto project dedicated to sports, has announced the new launch of Chiliz Includ3d, the unified…

In a surprising twist, Jarett Dunn (aka Stacc) is seeking to withdraw his guilty plea over an attack on Solana token launchpad Pump.fun, by way of an abuse of position as well as transfer of criminal property. With this move, his legal team has quit the case. At the time of the attack, Dunn was a disgruntled employee of Pump.fun and said that he wanted to “kill” the protocol as it had “inadvertently hurt people for a long time.” Pump.fun is a Solana-based meme coin factory that has birthed some of the biggest tokens of the year, along with countless…

The Kaia Foundation has announced a strategic partnership with CARV, a provider of identity and data layer infrastructure. This collaboration aims to revolutionize identity and data ownership within the Kaia ecosystem. The news was shared via Kaia’s official account on X. Kaia Chain x CARV (@carv_official)We’re thrilled to partner with CARV, a leader in identity and data layer infrastructure!As a Kaia user, you can enjoy:✅ Accurate data ownership tools for users✅ Seamless experiences across applications✅ Comprehensive identity solutions… pic.twitter.com/2jKlsYXgM2 — Kaia (prev. Klaytn & Finschia) (@KaiaChain) October 25, 2024 Kaia Users Set to Benefit from Improved Privacy and Security Features…