Author: NBTC

A former investment banker and registered broker has been sentenced for masterminding a $1.5 million crypto fraud scheme. In a new press release, the US Department of Justice (DOJ) says that Rashawn Russell, who used to work for the Financial Industry Regulatory Authority (FINRA), has been sentenced to three years and five months behind bars. The DOJ says that between November 2020 and August 2022, Russell ran a scheme where he defrauded crypto investors using false promises of massive returns. Russell would then misappropriate their funds for personal use. “Russell misappropriated much of the investors’ assets and used them to…

A Nigerian leadership school has become the first academic institution in the country to offer a blockchain-based verification system for academic credentials. The School of Politics, Policy, and Governance (SPPG) recently unveiled a new system to enhance the security and transparency of academic credentials. Announced at the Big Ideas Platform 2024, the new system was developed through the school’s partnership with blockchain data record firm VX Technologies and local lender Sterling Bank. Under the new system, SPPG will record every new certificate on the blockchain, creating a tamper-proof digital signature that anyone can access to confirm academic credentials. In addition…

Bitcoin (BTC) has predominantly remained in consolidation below the $70,000 mark over the past few days, with the market awaiting a potentially decisive move amidst prevailing bullish sentiments, such as the upcoming halving event. Amid this uncertainty, crypto trading expert TradingShot, in an April 9 post on TradingView, suggested that the current consolidation presents an opportunity for investors, projecting a possible parabolic rally. The analysis suggests that the current consolidation phase around the previous all-time high of almost $69,000 is a clear buy signal reminiscent of patterns from previous cycles. According to TradingShot’s assessment, this might be the last opportunity…

Ethereum’s price has been gaining bullish momentum recently after experiencing a correction in the last couple of months. With the asset approaching its recent high, investors are hoping for new records, but breaking the $4,000 resistance seems tougher than expected. Technical Analysis By TradingRage The Daily Chart In the daily timeframe, the price blasted through the higher boundary of the large descending channel a while ago. The market has been consolidating since, but there is no sign of a deep correction. With the $3,600 area turning into a support level, the market will likely break through the key $4,000 resistance…

A project like Bitgert is a top choice for any investor seeking to get the best out of the cryptocurrency ecosystem. It has all it takes to give investors value for money with its incomparable utilities that make it stand out from other competitors in the ecosystem. As a result of its fantastic nature, it’s undoubtedly the prize, as many investors are seizing the opportunity to grab it to get mouthwatering returns from it. Bitgert’s movement has been on the radar of many investors and experts with opinions all around the ecosystem that a surge this month is very likely…

U.S President Joe Biden signed a veto of a House Joint Resolution that would have repealed the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121, he announced Friday afternoon. SAB 121 is a controversial piece of SEC accounting guidance that directs financial institutions holding crypto for customers to keep the assets on their own balance sheets. Critics of the guidance say it makes it too difficult for financial institutions to work with crypto companies. In his statement announcing the veto, Biden said he would not support any “measures that jeopardize the well-being of consumers and investors.” “By virtue of…

Gelios, a prominent community-owned layer for decentralized applications on the Bitcoin Network, has announced a collaboration. As per it, the platform is joining forces with CyberKart-Ai which is a crypto-based racing game that allows the multiplayer option to let players enjoy adrenaline-fueled racing. The platform took to its official account on X to provide the details of the exclusive collaboration. Gelios x CyberKart-AiWe’re thrilled to partner with @The_CyberKart, an AI-driven multiplayer crypto racing game featuring adrenaline-fueled races on dynamic, AI-generated maps.🔸 Expanding the Gelios network reach🔸 Streamlining CyberKart-Ai integration🔸 Advancing insights… pic.twitter.com/12EBOLDXtp — Gelios (@GeliosOfficial) May 31, 2024 Gelios and…

A big Bitcoin whale has reportedly deposited a huge amount of tokens to Binance more than once. As per the reports, the respective Bitcoin deposits by this whale have paved the way for speculations among the market onlookers and experts. Lookonchain, a popular on-chain analytics provider, has claimed that the whale deposited up to 800 $BTC tokens to the top crypto exchange. A whale deposited 800 $BTC($54.6M) to #Binance again 5 minutes after the March #CPI inflation was released.He also deposited 800 $BTC($57.16M) to #Binance yesterday, after that the price of $BTC dropped by ~4%.And he currently holds 13,665 $BTC($928.6M).Address:……

Ethereum’s price continues to defend $3,800 despite the cooling investor impetus ahead of the next US non-farm jobs data, and on-chain data analysis reveals a rare bullish signal that could spark the next rally. Ethereum Price Rally Cools Ahead of US Inflation and Jobs Data The US Bureau of Labor Statistics is scheduled to publish the next instalment of its monthly Non-Farm Jobs data on Friday May 31. The Non-Farm Jobs is a key macroeconomic indicator that impacts how regulators and investors view the direction of change in inflation and overall economic activity. Within the current landscape, another decline in…

From Ethena’s stablecoin to Bitcoin, for the first quarter of 2024 according to the CoinGecko report, the cryptocurrency market has experienced significant changes and trends that could redefine its future. The rapid rise of Ethena’s USDe stablecoin according to CoinGecko One of the most surprising developments has been the launch and explosive growth of Ethena USDe. This new entrant in the stablecoin market has quickly reached a market capitalization of 1.5 billion dollars, positioning itself among the top five largest stablecoins and dethroning TrueUSD (TUSD) from its rank. The rapid rise of Ethena USDe can be attributed to its strong…