Author: NBTC

WASHINGTON, D.C. — Heather “Razzlekhan” Morgan, who helped launder the proceeds of the 2016 Bitfinex hack led by husband Ilya “Dutch” Lichtenstein, has been sentenced to 18 months in prison in the incident that drained almost 120,000 bitcoin from the exchange. Her husband, who’d conducted the 2016 hack, was sentenced to five years last week for his role in the crime. The couple later laundered as much as a fifth of the ill-gotten bitcoin, according to authorities. Prosecutors had recommended an 18-month sentence for Morgan, who was known by her former rapping name, Razzlekahn. “I am extremely sorry and deeply…

The first-ever on-chain auction of a Claude Monet Paysage has been organized in collaboration with BounceBrand, SeoulAuction Blue, and BounceBit. This auction plays a significant role in the world where fine art and blockchain exist simultaneously, which has rewritten history and placed the artwork of Monet on a decentralized platform. 🚨The #Auction of Claude #Monet’s Paysage is now LIVE!! 🖼️📍: https://t.co/OSdfK8DUFuBid for Fine Art. Bid for #RWA. Bid for the 𝑴𝒆𝒎𝒆𝒐𝒓𝒚.Guide: https://t.co/3k3m3Rsqqv pic.twitter.com/vDIrwMrnWd — Bounce Brand (@bounce_finance) November 19, 2024 Monet’s Paysage: A Timeless Masterpiece ‘Paysage’ is one of the great impressionist paintings by Claude Monet in which he painted…

Truflation, a real-time economic data provider, has partnered with LandX, a company focused on decentralizing global farmland markets, to bring indexed agricultural commodities into the digital finance ecosystem, as disclosed in the latest reports shared with Finbold on Wednesday, November 20. The collaboration will see tokenized agricultural assets such as wheat and rice included in Truflation’s index list, making them accessible to a broader range of decentralized (DeFi) and traditional (TradFi) finance investors. As such, the integration enhances Truflation’s data marketplace and provides its users with additional tools to help them make better investment decisions based on real-time market data.…

The crypto market faced a surge of selling pressure this week, unsettling investors as Bitcoin (BTC) dropped by 4% before rebounding to $71,000. Despite the recovery, caution remains, as many investors await clearer signals before making decisive moves. Amid this market movement, several altcoins are inching closer to significant milestones, with the $100 billion market cap threshold in sight. Finbold has highlighted two promising assets, BNB Chain (BNB) and Solana (SOL), both of which are on a strong trajectory to reach this milestone by year-end, supported by robust fundamentals and growing market momentum. Solana (SOL) Solana, currently trading at $166.44,…

A California judge has rejected Kraken’s motion for interlocutory appeal, saying in a Monday decision that allowing an appeal would only “delay resolution” of the U.S. Securities and Exchange Commission’s (SEC) ongoing case against the crypto exchange. Kraken, the second-largest crypto exchange in the U.S., filed a motion for interlocutory appeal (a type of appeal that challenges a judge’s non-final decision while allowing other aspects of a case to move forward) in September, a month after Judge William Orrick of the U.S. District Court for the Northern District of California ruled that the SEC had plausibly alleged that the cryptocurrencies…

DAO governance needs a re-think, and shares should look like a multi-classed structure similar to Meta and other Silicon Valley giants. Such a change would help prevent governance attacks, like what recently happened against Compound. It’s all but impossible to carry out a governance attack against Meta. Shareholder activism is a non-starter in Mark Zuckerberg’s empire, as the company’s dual-class share structure – where insider-held Class-B shares have more voting weight than Class-A shares available to the public – means that Zuckerberg maintains approximately 58% voting control of the company. But in the world of decentralized autonomous organizations (DAOs), which…

Solana traders are quickly embracing the newest stablecoin to join their decentralized finance (DeFi) fray: USDS, issued by Sky (formerly MakerDAO). Less than a day into launch, USDS’s circulating supply on Solana has already surpassed $89 million. Such launch day largesse puts the coin formerly known as DAI well ahead of the other recent entrant, PayPal’s PYUSD, as Solana’s fastest-growing stablecoin out of the gate. The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month to incentivize traders that swap into USDS and deploy it, said Rooter, the pseudonymous leader…

The meme coin sector rallied substantially in the past several months, with its market capitalization briefly surpassing $70 billion a few days back. Currently, the figure stands at around $64 billion following the latest correction. According to CoinGecko, there are more than 2,300 meme coins, with some taking center stage due to their price swings as of late and other reasons. In the following lines, we will focus on five intriguing assets that may experience enhanced volatility in the next 30 days. Dogecoin (DOGE) The leading meme coin in terms of market cap has been at the forefront of gains…

In the evolving world of online trading, cryptocurrency has rapidly emerged as a dominant investment class, pushing the boundaries of conventional financial markets. As a result, calls for regulatory oversight are growing louder. However, applying traditional financial regulation to crypto markets is not the best solution. Unlike conventional investment vehicles, cryptocurrencies operate within a decentralized and digital environment, which means they require distinct regulatory frameworks. The current regulatory systems were built for centralized financial institutions – like banks and brokers – which makes them ill-suited for the unique characteristics of cryptocurrencies. Government regulators often lack the necessary expertise and agility…

Archax adds money market funds from State Street, Fidelity International and Legal and General Investment Management to its platform. Tokenized assets will be available on Hedera Hashgraph, XRPL and Arbitrum. Archax, a U.K.-regulated crypto exchange and custodian, has added funds from State Street, Fidelity International and Legal & General Investment Management (LGIM) to the range of tokenized real-world assets (RWAs) that it offers, the company said in a press release Wednesday. The firm will initially provide tokenized access to certain State Street Global Advisors, Fidelity International and LGIM money market funds. Other types of funds may also be added in…