Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Disbarred California attorney pleads guilty to crypto Ponzi scheme

David Kagel has pled guilty to conspiring to operate a crypto Ponzi scheme that defrauded victims of more than $9.5 million. Disbarred 85-year old former attorney Kagel confessed to participating in a fraudulent crypto Ponzi scheme in which he and his partners misled investors with promises of high profits and the use of AI trading bots. According to a press release from the Office of Public Affairs, Kagel and his partners falsely claimed that Kagel, acting as the promoter’s attorney, held $11 million in Bitcoin (BTC) in escrow to secure investments. “David Kagel abused his position as an attorney to…

LegalMay 30

Com2uS Brings 'Walking Dead' and 'Summoner's War' Games to Oasys Network

Com2uS Group, a prominent South Korean game publisher, has officially entered the Oasys crypto gaming ecosystem by launching its own layer-2 chain called XPLA Verse, along with a pair of prominent titles in major franchises. XPLA Verse is now the home of Summoners War: Chronicles, an action role-playing game spun off from the popular game Summoners War: Sky Arena, which has over 220 million downloads. It also now hosts The Walking Dead: All-Stars, based on the zombie comic book series. Com2uS, which is well known for its mobile gaming presence in South Korea, has been accelerating its Web3 strategy and…

GameFiMay 30

Analyst Outlines 3 Phases For Market Dynamics

Bitcoin is now hovering around the $70,000 threshold after a notable recovery it witnessed a few days ago. Due to the recent momentum, crypto enthusiasts are becoming less pessimistic about the digital asset’s growth prior to the halving event. With the fast approaching much-anticipated Bitcoin Halving, Rekt Capital, a well-recognized cryptocurrency analyst and aficionado, has offered his market insights mapping out three distinct stages of the event for investors. 3 Distinct Aspects Of The Bitcoin Halving Rekt Capital’s analysis delves into Bitcoin‘s movement before and after the halving takes place, which is expected to happen this month. In the seven…

BitcoinMay 30

ETH balances in centralized exchanges fall to lowest level in three months

Ethereum (ETH) investors withdrew 56,089 from crypto exchanges in the last 24 hours, according to on-chain analysis platform Nansen. Moreover, the amount of ETH held in centralized exchanges hit the lowest level in the last three months, totaling 20,288,992 ETH. ETH flows in centralized exchanges in the last three months. Image: Nansen Crypto outflows from centralized exchanges are seen as a bullish indicator, as the movement suggests investors are expecting price growth with no intention of selling it in the short term. Despite the spot Ethereum exchange-traded funds (ETFs) approval in the US yesterday, the ETH price didn’t react accordingly,…

EthereumMay 30

DeFi Data Firm API3 Raises $4M in Funding Round Led by DWF Labs

API3, a service that provides DeFi data feeds to blockchain-based smart contracts without relying on a third party, has raised $4 million in a funding round led by DWF Labs. Market maker and multi-stage Web3 investment firm DWF Labs led the funding round and contributed $2 million. Other funding came from Spartan Group which contributed $1 million. Laser Digital, a digital asset business backed by Nomura, and Caladan formerly known as AlphaLab both contributed $500,000 each. The funding raised will be used to provide API3 with liquidity to help execute its ongoing growth strategy. API3 will use the funding for…

RegulationMay 30

Apple Reportedly in Talks to Deal with This Altcoin-Linked Company

Apple is reportedly in talks again with OpenAI, one of the leading artificial intelligence startups, about integrating its technology into new features of the iPhone. These features are expected to be part of the next iPhone operating system, iOS 18, which will be released later this year. OpenAI CEO Sam Altman has an altcoin project called Worldcoin (WLD). Talks between the two tech giants have centered around the terms of a potential deal and the details of how OpenAI's features will be included in iOS 18. Sources, who requested anonymity due to the private nature of the talks, stated that…

AltcoinsMay 30

SEC Issues Urgent Crypto Scam Warning

The U.S. Securities and Exchange Commission (SEC) has published an investor alert about cryptocurrencies. The SEC has stated that fraudsters tend to leverage innovative investment technologies in order to perpetuate investment scams. Fraudsters particularly aim to exploit the hype surrounding artificial intelligence (AI) technologies in order to attract potential victims. Fraudsters might use attractive buzzwords in order to promote their scams. Moreover, these bad actors might also rely on cutting-edge AI tech in order to fake their identity. The rapid growth of AI has made it much easier for fraudsters to impersonate government agencies as well as prominent individuals (such…

LegalMay 30

$351 Million of Bitcoin (BTC) Mysteriously Shifted, Triggering Speculation

In a move that has sparked interest in the cryptocurrency industry, 5,000 BTC worth about $351 million was mysteriously transferred between wallets. This large transaction has sparked curiosity as the Bitcoin price steadied above $70,000 after seesaw movements during the week. Crypto data tracker Whale Alert reports that "5,000 BTC worth $351,342,888 was transferred from an unknown wallet to an unknown wallet." 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 5,000 #BTC (351,342,888 USD) transferred from unknown wallet to unknown wallethttps://t.co/5CEB0ibSZe — Whale Alert (@whale_alert) April 12, 2024 The transaction involved a Bitcoin whale — a term used…

BitcoinMay 30

3 Questions About the SEC’s Abrupt ETH ETF Approval

The U.S. Securities and Exchange Commission (SEC) confirmed yesterday it has approved critical rule changes to allow for exchange-traded funds holding Ethereum’s native token, ETH. A lot of people were caught off guard, considering that just last week nearly everyone – from Bloomberg analysts to prediction markets – thought it was a lost cause. Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates. It never really made sense to me why SEC Chairman Gary Gensler would hold out on approving these spot ETH…

EthereumMay 30

Crypto Wallet Firm Fordefi Expands in Indonesia Powering Pintu Web3 Self-Custodial Wallet

Crypto and decentralized finance wallet provider Fordefi said Wednesday it is expanding to the booming Indonesian market with powering local cryptocurrency trading platform Pintu's web3 wallet offering. The move is part of Fordefi's plan to introduce its offering, mostly used by institutional participants such as Pantera Capital and market maker Keyrock, to exchanges, fintech platforms that serve retail investors. Pintu's 20 million users will be able to self-custody their digital assets and access decentralized applications with Fordefi's tech in the backend, while benefiting from security features such as transaction simulation and risk alerts. Fordefi aims to make crypto safer with…

RegulationMay 30