Author: NBTC

A Rhode Island resident has pleaded guilty to money laundering conspiracy linked to an international drug trafficking ring. The operation laundered over $25 million using cryptocurrency, with Villa directly involved in converting cash into crypto. Villa faces up to 20 years in prison and a significant fine. Rhode Island Man Pleads Guilty in $25 Million Cryptocurrency Laundering Case The U.S. Attorney’s Office for the District of Massachusetts announced on Wednesday that Agustin Villa, a Rhode Island resident, pleaded guilty to conspiracy to commit money laundering involving cryptocurrency in connection with an international drug trafficking operation. Villa, 61, served as a…

Aerodrome has gained ground in its competition with other decentralized exchanges with growing liquidity and trading volumes. Aerodrome uses Wrapped Ethereum (WETH) to form pairs and lock in gains, like other DEXs. Aerodrome noted that its WETH/USDC pair surpassed a similar liquidity pool on Uniswap. The Slipstream pool, containing liquidity in both WETH and USDC, reached peak volumes in the past week. DEX Screener data shows the pairing on Aerodrome surpassed a similar market on Uniswap V3. The Aerodrome pairing also retained its activity for most of the past two weeks, reaching daily volumes of $1.5B during the seven-day period.…

As the Bitcoin faithful continue to try to bring decentralized finance to the number one cryptocurrency by market capitalization, developers are continuing to build layer-2 solutions that give Bitcoin utility via Ethereum. One of these projects is Corn, a new layer-2 solution from BadgerDAO founder Chris Spadafora. Corn will use Bitcoin for its gas fees, and Spadafora said it will ultimately bring real life to the “pet rock” that is BTC. In cryptocurrency, “gas” is the colloquial name for the fee required to perform transactions or execute smart contracts on a blockchain network like Ethereum and Solana. A layer-2 solution…

Bitcoin’s (BTC) price may have officially hit “reset” following an incredible rise in the coin’s long-term holder net position change. Historically, a rise in this metric helps the price recover. But will it be the same this time? This on-chain analysis examines the chances. $20 Billion in the Bag for Bitcoin HODLers According to Glassnode, Bitcoin’s long-term holder net position change has been increasing since July 22. However, today, the metric, which tracks the 30-day change in supply held by long-term holders, hit its highest point since January 2020. As seen in the image below, long-term holders purchased 334,358 BTC…

Sui (https://sui.io/) the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, announced that it has joined forces with Fordefi, a company that employs multiparty computation (MPC) technology to deliver a secure institutional wallet platform for DeFi. Fordefi’s comprehensive platform and Web3 gateway provide an enterprise grade solution enabling builders, traders, and operators to self-custody their private keys, seamlessly connect to thousands of decentralized applications (dApps) across any blockchain, and manage digital asset operations with granular policies and a unified interface. Fordefi’s integration with Sui enables institutional users to securely self-custody their private keys and connect to thousands of…

Ethereum has outperformed Bitcoin in terms of price performance, especially when looking at time frames since its inception, halving years, and bull market periods. However, ETH has consistently underperformed since the bear markets of 2018-2019 and 2022-2023. In the 2024 halving year, for the first time, Ethereum is considerably trailing behind Bitcoin. In fact, it has been underperforming against Bitcoin for the past three years. Table of Contents ETH/BTC ratio plummets to 3.5-year low Ethereum supply reverses course and turns inflationary. Negative ETF Flows Continue Conclusion ETH/BTC ratio plummets to 3.5-year low Although fractals, a concept where similar patterns repeat…

The VeChain and WoV Labs partnership aims to revolutionize digital ownership through blockchain-powered digital passports, enhancing transaction security and offering exclusive benefits via NFTs. This collaboration simplifies the blockchain experience, driving market performance and sparking discussions about the future impact of integrating blockchain with traditional media. When it comes to data and transaction security, VeChain has been at the forefront with its tokenized authentication solution, Digicardkey, as reported in a previous CNF post. Recently, VeChain and WoV Labs have introduced a Blockchain-Powered Digital Passport for Authenticity Verification. In today’s CNF YouTube video, it is explained that the partnership aims to…

U.S. Representative Maxine Waters (CA-D), a formidable force in U.S. politics, has long been a key figure in the financial regulation landscape. As the former Chair of the House Financial Services Committee (HFS) and the current ranking member, Waters is known for her cautious and critical approach to cryptocurrency, often emphasizing the need for strict regulation to protect consumers and maintain financial stability. In the wake of the 2022 crypto contagion season marked by the FTX scandal, a crypto bear market and several industry bankruptcies, Waters called for greater scrutiny and control by regulators and Congressional oversight committees. However, this…

ELFi Protocol, a decentralized derivatives trading platform, has announced its expansion to Arbitrum, marking a significant advancement in its growth strategy. The announcement, made through the platform’s official Twitter account, reflects ELFi’s commitment to broadening its reach and enhancing its offerings to users worldwide. 🎉 Exciting Announcement: @ELFiProtocol now supports #Arbitrum! 🚀🧚 https://t.co/P0rf43NrIH 🧚This marks another significant milestone for ELFi, following strategic investments from IDG Capital and Kucoin Ventures in May 2024.As a decentralized derivatives trading platform,… pic.twitter.com/DJY45PPFEk — ELFi Protocol (@ELFi_xyz) August 28, 2024 According to the firm’s report, this expansion follows strategic investments from IDG Capital and Kucoin…

In a significant development in the tech industry, decentralized compute network io.net has announced a groundbreaking partnership with Chainbase, an AI-specialized omnichain data network. This collaboration aims to push the boundaries of artificial intelligence (AI) and blockchain technology by combining their respective strengths to create a robust decentralized AI and data stack. A Strategic Alliance for Decentralized AI Advancements The partnership between io.net and Chainbase is set to explore several synergies, with a shared objective of advancing AI modeling and enhancing the efficiency of blockchain-based systems. At the core of this collaboration is Chainbase’s crypto world model, Theia, which is…