Author: NBTC

The U.S. spot ETFs lost $4.3 million in outflows on Thursday, taking the five-day tally to over $319 million. GBTC again led the outflows, while inflows into BlackRock’s IBIT continued to slow. The U.S.-based spot bitcoin (BTC) exchange-traded funds (ETFs) registered cumulative outflows of $4.3 million on Thursday, extending the four-day run of withdrawals ahead of the supposedly bullish mining reward halving. Since April 12, the ETFs have witnessed a total net outflow of over $319 million, with Grayscale’s GBTC accounting for a large share of the withdrawals, provisional data published by Farside Investors showed. For instance, on Thursday, GBTC…

Anton Peraire-Bueno and James Peraire-Bueno, two brothers who operate Ethereum validators, have been indicted in the Southern District of New York on charges of wire fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering. The charges related to a scheme that has been described as exploiting the ‘very integrity of the Ethereum Blockchain to fraudulently obtain approximately $25 million.’ The brothers allegedly worked together on a complex exploit that allowed them to take advantage of traders searching for ‘maximum extractable value’ (MEV) on Ethereum. By operating multiple Ethereum validators, the brothers were allegedly able to submit blocks…

Metaco shares exciting updates via Ripple’s website. It looks like the Ripple and Metaco partnership is stronger than ever. Ripple’s institutional-grade custody solution is the gift that keeps on giving. As Ripple continues to partner with renowned and esteemed institutes across the world, its recognition grows. Recently, the crypto payments solution announced a partnership with Metaco, an institutional digital asset custody, trading, and DeFi company. This partnership continues to be a solid strategic move for both parties. In fact, it also acts as a shining example of what Ripple brings to the table for similar services looking to upgrade their…

The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) over the classification of the XRP token has captured widespread attention in the cryptocurrency community. To shed light on this complex issue, a user on the XRP subreddit ingeniously simplified the dispute using a memorable analogy, which has resonated with many for its clarity and humor. In a Reddit discussion sparked by a user’s request for a simple explanation of the Ripple vs. SEC case, another user provided a creative and illustrative metaphor: Ripple is portrayed as a Monkey, holding what it sees as a banana.…

Binance has teamed up with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to solve a significant case involving cryptocurrency-assisted money laundering. The investigation centered around illicit funds amounting to nearly NT$200 million, equivalent to approximately $6 million, the exchange said in a press release shared with Cryptonews.com. Per the announcement, Binance’s cooperation, leveraging its Financial Crimes Compliance (FCC) Department’s expertise and intelligence sharing, played a key role in bringing the perpetrators to justice. Money Laundering for a Long Period The criminal operation had been facilitating money laundering for scam groups using virtual assets for an…

The excitement in the cryptocurrency community is mounting as one of the most important events in the crypto industry – Bitcoin (BTC) halving – is just hours away, with only 100 blocks left before the reward for mining the flagship decentralized finance (DeFi) asset cuts in half. Indeed, although predicting the exact Bitcoin halving dates is challenging, the more accurate method of understanding when this will happen is counting down the leftover blocks to be mined, and the Bitcoin block reward halves every 210,000 blocks – coinciding with a period of roughly four years. As a reminder, Bitcoin’s original creators…

Safe co-founder Richard Meissner said that Ethereum’s account abstraction will set a new security standard for blockchains and bolster self-custody capabilities for everyone. Experts are backing a proposal from Ethereum (ETH) co-creator Vitalik Buterin and other developers to upgrade account abstraction, a concept touted as a frontrunner for mass adoption. Ethereum’s account abstraction allows standard wallet addresses to function as smart contracts that can be programmed in several ways. Industry proponents have argued that account abstraction may offer a more familiar user experience for the traditional internet user pivoting to crypto, with the added benefit of financial freedom. An example…

Central bank digital currencies (CBDCs) and distributed ledger technology (DLT) could save the central banks’ business model as cash usage continues to dwindle, members of the governing council at the European Central Bank (ECB) said. Speaking at an event hosted by the Bank for International Settlements (BIS), they expressed concern that central banks’ role is under threat if they fail to adapt to changes in the financial landscape. “If you would have asked me 20 years ago if the central bank business model [was] destroyable or not, I would have said no. Now I am not so sure anymore,” stated…

Cardano (ADA) is pushing for new advances as its commercial partner, EMURGO, has inked a partnership with Singapore’s GSR. More innovations for Cardano Cardano is always building, a trend that is visible in its consistent GitHub Commits. With the EMURGO and GSR partnership, such developer innovation can further be bolstered. As unveiled, EMURGO will seek to leverage the deep liquidity base of GSR to support many Cardano initiatives. Besides this, the platform will identify investment ventures in Cardano that GSR and its partners could back. Cardano supports its developer ecosystem through the Project Catalyst campaign. The recently concluded Fund 10…

Binance, one of the world’s largest cryptocurrency exchanges, announced support for upcoming network upgrades and Hard Forks for Chiliz (CHZ) and MultiversX (EGLD). Binance Will Support Upcoming Chiliz (CHZ) and MultiversX (EGLD) Network Upgrades and Hard Forks The exchange is taking preventive steps to ensure a smooth user experience during these important updates. The Chiliz (CHZ) network upgrade and Hard Fork is scheduled to occur around 10:00 AM on May 20, 2024 at block height 13,189,711. In preparation, Binance will suspend deposits and withdrawals for tokens on the Chiliz network starting at approximately 09:00 on the same day. Similarly, MultiversX…