Author: NBTC
Gotbit founder Aleksei Andriunin, a 26-year-old Russian national, was extradited to the U.S. on Tuesday to face fraud charges stemming from allegations that his firm participated in a “wide-ranging conspiracy” to manipulate token prices for paying client cryptocurrency companies, the U.S. Department of Justice said in a press release on Wednesday. Andriunin was arrested in Portugal last October and subsequently indicted by a Boston grand jury on charges of wire fraud and conspiracy to commit market manipulation and wire fraud, charges which carry a combined maximum sentence of 25 years in prison. The indictment also charged Gotbit itself, as well…
Bitcoin mining firm Hut 8 took $331 million in net income in 2024, according to the company’s latest financial report. The firm benefited significantly from the rise in bitcoin’s price over the year. Hut 8 finished the year with a reserve of 10,171 bitcoin (BTC), worth approximately $905 million at the time of writing. The vast majority of this reserve has been pledged as collateral to purchase more ASIC mining machines. The miner saw a sharp reduction in energy costs, with fourth-quarter costs per megawatt-hour dropping by 30% from the previous year to $31.63. While Hut 8 managed roughly 1,020…
The following is a guest post by Marc Boiron, CEO at Polygon Labs. In a world of fake news, misinformation and declining faith in traditional institutions, blockchain should bridge the divide by bringing something incredibly powerful and utterly unique to the table: trustlessness. Or, at least, it should. Unfortunately, blockchain has always suffered from its own divisions, which have prevented the decentralization revolution from fulfilling its potential. In 2024, things began to change. We saw incredible technical progress to unite the fractured blockchain ecosystem. This year, we’ll finally see decentralization start to deliver its promises of bridging the divide. The…
Coinsbee, a leading cryptocurrency gift card platform, now accepts the $DOGS token as a payment method. Key Points: Coinsbee now supports $DOGS as a payment method on its platform. For 30 days, 2% of purchases made with $DOGS will be donated to a dog welfare charity. $DOGS continues to expand its utility through new partnerships, including Travala for travel bookings. As part of this collaboration’s launch, $DOGS has announced that for the next 30 days, 2% of the revenue generated from gift card purchases using this token will be donated to a dog welfare charity. The $DOGS token is widely…
A newly created cryptocurrency wallet made headlines after withdrawing 400,000 Trump Tokens ($TRUMP), valued at approximately $5.23 million, from Binance. The transaction, which took place just minutes before being reported, has sparked curiosity and speculation within the crypto community about the motives behind this substantial withdrawal. The funds were transferred to the wallet address 7T3qdwD8MmVQq1Py7RrX3FJd4j9zT7EVax582hWSP7V, as shown by on-chain data. A newly created wallet has withdrawn 400K $TRUMP, worth $5.23M, from #Binance.Address: 7T3qdwD8MmVQq1Py7RrX3FJd4j9zT7EVax582hWSP7V pic.twitter.com/ed5FoSxTsW — Onchain Lens (@OnchainLens) February 26, 2025 The withdrawal represents a significant amount of the circulating supply of Trump Tokens, raising questions about potential market impacts.…
The U.S. Court of Appeals for the Second Circuit issued a ruling on Wednesday largely agreeing with a lower court’s 2023 decision to toss out a class action suit against decentralized exchange Uniswap. A group of investors originally sued Uniswap Labs, the company behind the decentralized protocol of the same name, and some of its venture capital investors in 2022, alleging that the company was responsible for harming investors by allowing scam tokens to be issued on its protocol. District Court Judge Katherine Polk Failla of the Southern District of New York (SDNY) sided with Uniswap in 2023 and scrapped…
Golden Cat joins ENI to develop blockchain-based environmental conservation platforms. The Asiatic Golden Cat protection organization Golden Cat has become partners with enterprise-grade blockchain ENI to achieve its mission of wildlife conservation through digital platforms. 🐱New Partnership !!@WildGoldenCat 🤝 @eni__official📌 ENI is a high-performance enterprise-grade blockchain built around Zero-Knowledge Proof (ZK) technology. It features a modular, multi-chain architecture, enabling seamless collaboration between the mainnet and AppChains,… pic.twitter.com/EDhIgjXPHK — Golden Cat (@WildGoldenCat) March 1, 2025 The partnership between ENI and this alliance establishes an efficient, secure platform which allows users to finance wildlife conservation efforts through digital economy participation. This article…
PancakeSwap, a giant in the decentralized finance (DeFi) sector since its founding in 2020, has demonstrated exceptional performance in early 2025. As the flagship project within the BNB Chain ecosystem (and now elsewhere!), PancakeSwap continues to facilitate massive trading volumes and network activity while many competitors struggle to maintain momentum. Record-Breaking Trading Volumes Signal Market Dominance The decentralized exchange (DEX) is currently processing a remarkable $1.56 billion in 24-hour trading volume, according to the latest data. Even more impressive is its seven-day volume, which stands at $13.44 billion, firmly establishing PancakeSwap as the second-largest DEX by volume globally, trailing only…
The digital assets industry witnessed a major plot twist and investors have been loving it. US President Donald Trump said the United States would soon establish a strategic crypto reserve that will feature Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA). This declaration sent the crashing crypto market over the moon, regaining the crucial $3 trillion cumulative market cap. Its 24-hour trading volume jumped by a massive 196% to hit the $205 billion mark. However, even if Trump signs an executive order, the US Treasury won’t just start market buying BTC tomorrow. It still needs to get…
Barstool Sports founder Dave Portnoy said there are “too many babies” in the meme coin market for him to launch a new Solana token right now. On his “Davey Day Trader Global” livestream, the outspoken media personality addressed meme coin traders that he says have flooded his social media with requests for a “GREED3” token, after he launched Solana meme coins named GREED and GREED2 last week. “I don’t think I can launch GREED3,” he said. “There’s too many babies for me to launch GREED3… all I get is headaches.” Portnoy launched GREED last week on popular Solana meme coin…