Author: NBTC

Tigran Gambaryan, Binance’s head of financial crime compliance, will stay in Nigeria’s Kuje prison until at least May 17. Gambaryan has been detained in Nigeria since Feb. 26 and has been charged with money laundering and tax evasion, which his family calls “bogus” charges. Detained Binance executive Tigran Gambaryan will remain in prison in Nigeria until at least May 17, following an Abuja court’s ruling to postpone a scheduled bail hearing until after he is tried on money laundering charges. Gambaryan, an American citizen and former Internal Revenue Service (IRS) special agent, is Binance’s head of financial crime compliance. He…

Exciting news for gamers and blockchain enthusiasts alike! Mysten Labs has teamed up with NDUS Interactive, a prominent NFT gaming development studio, to introduce XOCIETY, a gaming metaverse like no other, onto the Sui blockchain.—XOCIETY is not your average game. It combines the best elements of Third Person Shooters and MMORPGs, offering an immersive experience like never before. Developed with Unreal Engine 5 by NDUS Interactive, XOCIETY delivers AAA shooter action with RPG progression, promising players highly detailed character development and engaging gameplay.The partnership between Mysten Labs and NDUS Interactive brings more than just a game to the table. XOCIETY…

The chief executive of JPMorgan Chase, Jamie Dimon, has doubled down on his anti-crypto stance, declaring that he will never personally buy bitcoin. His investment bank, however, is an authorized participant for Blackrock’s spot bitcoin exchange-traded fund (ETF). Despite his personal reservations about bitcoin, Dimon acknowledged his clients’ interest and championed their freedom to invest. Jamie Dimon Continues His Anti-Crypto Stance JPMorgan Chase CEO Jamie Dimon reiterated his strong opposition to bitcoin and cryptocurrencies at the Australian Financial Review business summit via a livestream from New York on Tuesday. “I don’t know what the bitcoin itself is for, but I…

Ethereum’s (ETH) price has managed to sustain above the $3,000 line as support for nearly a week before recovering. Now, with the help of investors’ resilience, the biggest altcoin in the world could further its recovery. Ethereum Investors Will Not Sell At the time of writing, Ethereum’s price is hovering above the $3,000 mark, showing signs of further recovery. One of the biggest contributors to this potential rally is the investors who have opted to HODL instead of selling. This is evident in the sudden decline in the active deposits on the network. Active deposits indicate investors’ intention to sell…

Data shared by prominent cryptocurrency tracker Whale Alert has revealed that anonymous whales have moved three massive XRP lumps to major trading platforms in various parts of the world, including South Korea. Such a rise in XRP whale activity has become routine lately. These mysterious XRP transfers took place over the past 24 hours, when the XRP price first plunged by over 5% and then began its attempts to recover. 70 million XRP on move According to the above-mentioned data source, anonymous whales have transferred three enormous XRP lumps, moving them to the major cryptocurrency trading platforms. A total of…

Last week, U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced a joint bill addressing how stablecoins could be regulated in the country. It’s the latest effort to try and get something done in the U.S. legislative front – but is it enough? You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. Last week, U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced their latest joint bill, this time taking on stablecoins, the $160 billion section of the overall crypto market that’s received…

The Xai Foundation announced Wednesday that it has teamed up with game publisher Mimunga and developer Honig Studios to bring the trading card game The Lost Glitches to the Xai layer-3 Ethereum gaming network built on Arbitrum. Alongside the alliance, The Xai Foundation has also invested an undisclosed sum in the project to help bring it to the gaming network. Decrypt’s GG asked for clarification on the investment, but did not receive an immediate response. “We’ve partnered with Xai due to the tremendous support from its team, who share our vision of creating games that are accessible to all gamers,”…

Bitcoin (BTC) price upside potential appears overstretched, but the bulls are not showing any signs of stopping. Meanwhile, research according to Glassnode points to elevated profit-taking and demand for long side leverage. Bitcoin markets show elevated profit-taking & demand for long-side leverage Bitcoin (BTC) price is on a tear, still northbound after clearing previous peaks. Blockchain data and intelligence platform Glassnode highlighted, “[BTC] has broken to its fourth cycle all-time-high (ATH), rallying above $72k.” The report adds that the move had pushed sentiment a step closer to euphoria. #Bitcoin has broken to its fourth cycle all-time-high, rallying above $72k, and…

EigenLayer, the biggest proponent and implementer of restaking, is starting to get rid of its training wheels. After briefly removing caps on staking with liquid staking tokens (LST), total value locked soared from $2.1 billion to 11.5 billion in ETH used for “restaking.” At its core, restaking is about increasing capital efficiency. ETH is a tremendously widespread and liquid asset, which makes it ideal for bootstrapping new proof-of-stake (PoS) protocols. The deal is simple: New networks get significant security from day one, while ETH stakers get to earn extra on the same assets they already hold. Restaking is quickly achieving…

Flare has announced the onboarding of Hypernative, a leading figure in proactive institutional-grade Web3 security. This initiative aims to offer robust protection to Flare ecosystem participants against zero-day cyber attacks, emerging risks to digital assets, protocol/dApp vulnerabilities, and evolving threats to Web3 users. Web3 attacks are evolving in complexity and originating from a wider array of exploit vectors. As the Web3 industry expands, it becomes a lucrative target for malicious actors worldwide. By joining forces with a renowned Web3 security expert like Hypernative, Flare is bolstering safety measures for all users, dApps, and institutions within its ecosystem. Hypernative’s Cutting-Edge Security…