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.

Cardano (ADA) Skyrockets to Epic $13.84 Billion in Whale Activity

Cardano (ADA) has recently surged to remarkable heights in whale activity, with a staggering average daily transaction volume of $13.84 billion over the past week, as reported by IntoTheBlock. This influx of large transactions places Cardano's activity at one-third of Bitcoin's current volume, surpassing Litecoin by a striking 500% and outpacing Dogecoin by an astonishing 1,600%. Delving deeper into the on-chain data reveals a dynamic landscape of fluctuating volumes. Despite a slight decline from its peak of 27.67 billion ADA (equivalent to $14.08 billion), the volume of large transactions remains formidable at 23.22 billion ADA (equivalent to $10.87 billion). Cardano…

AltcoinsMay 28

British-Chinese Money Launder Sentenced to 6 Years in Prison For Role in $6B Fraud: FT

Police in the U.K. seized over 1.7 billion pounds ($2.2 billion) worth of bitcoin related to the alleged fraud in a 2018 operation. Wen accused of laundering the proceeds of the fraud, converting the bitcoin into cash and purchasing property, jewelery and other luxury items. Wen admitted to being control of a bitcoin wallet on behalf of her boss but claimed that she was unaware where the contents had come from. A British-Chinese woman guilty of laundering bitcoin in a $6 billion fraud in China has been sentenced to six year and eight months in prison, the Financial Times (FT)…

LegalMay 28

Andrew Henderson on Bitcoin's Role in Protecting Against Black Swan Events

Nomad Capitalist is a company that provides consulting services focused on offshore strategies, foreign citizenships, and global living for high-net-worth individuals and entrepreneurs looking to legally reduce their tax burdens, diversify their investments, and expand their personal freedom through international opportunities. The firm is known for advising on topics such as second passports, offshore banking, legal tax reduction strategies, and overseas investments. The founder and CEO of Nomad Capitalist is Andrew Henderson. He started the company based on his own experiences and strategies in traveling and doing business globally. Henderson is also the author of the book “Nomad Capitalist,” where…

BitcoinMay 28

Solana-based DePIN Token Helium (HNT) Pumps 44%

Helium’s native token HNT surged 44% over a week — from $3.98 to a high of $5.57. In the last 24 hours, the daily trading of HNT recorded a spike of 225%. Currently, Helium upholds 401,817 decentralized mobile hotspots worldwide. Decentralized Physical Infrastructure (DePIN) is generating buzz in the crypto community as the next revolutionary narrative in the realm. Among the projects leading this paradigm shift is Helium, a Solana-based decentralized wireless network builder. Over the past 24 hours, the protocol’s native token, HNT, has claimed a spot as one of the top gainers. Helium (HNT) pumped over 17% to…

AltcoinsMay 28

Coinbase Slugs It Out With U.S. SEC in Effort to Get Key Crypto Question Answered

Coinbase is trying to get a higher court to take a look at a question at the heart of its legal dispute with the Securities and Exchange Commission. The courts must accept the request for appeal before it can move forward, but the SEC has said the exchange hasn't made its case. Coinbase Inc. (COIN) took another step in its back-and-forth argument with the U.S. Securities and Exchange Commission (SEC) on whether the cryptocurrency exchange should be allowed to raise a single, core legal point for consideration by a higher court. After the company's effort to dismiss the SEC's enforcement…

LegalMay 28

Legendary Trader Peter Brandt Weighs In

Bitcoin (BTC), the largest cryptocurrency by market cap, fell precipitously over the weekend, hitting lows of $60,822 before somewhat recovering to around $64,438 as of press time. The immediate cause of the market crash was not clear; however, there are speculations that lower liquidity led to lower pricing. In the wake of the market crash, veteran trader Peter Brandt has offered his take, suggesting that an "end run" has been completed for Bitcoin. Brandt posted a BTC/USD daily chart, highlighting BTC's recent price drop as the "end run." End run completed in Bitcoin $BTC@chartwizardsnft pic.twitter.com/YlHISyT85D — Peter Brandt (@PeterLBrandt) April…

BitcoinMay 28

We read the 230-page investigation into FTX so you don’t have to

The examiner appointed in the FTX bankruptcy has released its report, highlighting a variety of bad behavior from the firm and its executives leading up to its collapse. The report contains allegations about how FTX paid off whistleblowers, dealt with ‘capital issues’ at its bank, and when various executives knew about the insolvency of FTX group entities. Who knew? The report contains allegations about which executives and firms were aware of the ‘hole’ in FTX Group’s books before the collapse. It alleges that Ryan Salame ‘assisted with the creation of the backdated payment agent agreement; made or directed other FTX…

LegalMay 28

UFC 300 victorious fighter wants the $300,000 bonus in Bitcoin

The Brazilian UFC fighter Renato Moicano won a UFC 300 fight on April 13, making a remarkable victorious speech. Moicano asked for the $300,000 bonus to be paid in Bitcoin (BTC) a few hours before the organization’s decision. The UFC fighter posted the request on X (formerly Twitter), drawing the attention of cryptocurrency market investors and enthusiasts. Hey I want my 300k bonus in #btc thanks 🤑💰👍 — Renato Moicano UFC (@moicanoufc) April 14, 2024 However, Max Holloway received the $300,000 Performance of the Night bonus after an impressive victory against Justin Gaethje. Despite losing the bonus, Renato Moicano showed…

BitcoinMay 28

$22 Million in XRP Bought on Binance by Enigmatic Whales: Details

Prominent blockchain tracker Whale Alert, which tracks down large cryptocurrency transfers, spreads the word about two mysterious crypto whales that have pocketed 44 million XRP between the two of them. These transactions have taken place while the XRP price demonstrated a marginal decline of slightly less than 4%. Two anonymous whales withdrew 23,037,429 XRP and 20,980,252 XRP from the Binance exchange. These crypto lumps were evaluated at $11,550,284 and $10,603,607 at the time of these transfers. Is Shiba Inu (SHIB) Finished? Ethereum (ETH) About to Get Tested, Cardano (ADA) Finally Enters Uptrend 🚨 20,980,252 #XRP (10,603,607 USD) transferred from #Binance…

AltcoinsMay 28

BitGo’s $100M Suit Against Galaxy Digital Can Proceed, Delaware Supreme Court Rules

Cryptocurrency custodian BitGo will get a fresh chance to sue financial services firm Galaxy Digital over the two companies’ failed $1.2 billion merger agreement after Delaware’s Supreme Court reversed an earlier ruling to dismiss BitGo’s lawsuit. “We believe justice prevailed on appeal, and we are delighted to move forward with this case in the Chancery Court,” said R. Brian Timmons, partner at Los Angeles-based law firm Quinn Emanuel, which is representing BitGo in this case. BitGo filed suit against Galaxy in August 2022, seeking $100 million in damages and alleging that Galaxy “intentionally” breached its May 2021 merger agreement when…

LegalMay 28