Author: NBTC

Consumer advocates and financial-reform groups are lining up alongside some unions in opposition against the Senate’s legislation that will impose regulations on the U.S. crypto markets, arguing that the current versions leave crypto consumers vulnerable to fraud. “The legislative initiatives explored in the Senate so far have largely failed to address the widespread harms caused by the crypto industry and the Senate should not consider any bill that does not address these problems in full,” said the letter sent to senators this week, signed by almost 200 groups, including Better Markets, Public Citizen, Americans for Financial Reform and the Communications…

CoreWeave (CRWV) has seen its share price fall more than 60% from its June record amid growing concerns that the AI infrastructure boom may have peaked. New details reported Tuesday by the Wall Street Journal highlight how fragile the buildout has become as operational delays collide with heavy leverage and tightening credit conditions. Investors are increasingly focused on two core risks with CRWV, according to the story. First, the company relies heavily on high interest debt to finance purchases of advanced AI chips from NVIDIA (NVDA). Second, the company depends on a small number of large customers, including OpenAI, Microsoft…

BitMine stock has crawled back in the past few days, moving from a low of $25.35 on Nov. 21 to the current $40 as its Ethereum accumulation strategy continued. Summary BitMine stock price has risen gradually in the past few weeks. The potential Ethereum price rebound will likely boost the stock. Technical analysis suggests that ETH and BitMine stocks have more upside ahead. Tom Lee’s BitMine to benefit from an Ethereum price comeback BitMine Immersion has grown from a small-cap Bitcoin (BTC) miner into the world’s largest Ethereum holder. It has purchased 359,228 coins over the past 30 days, bringing…

One of the founders of the notorious crypto pyramid scheme Finiko, Russia’s largest in recent years, has been deported by the United Arab Emirates (UAE). Thousands of victims in the post-Soviet space and around the world lost millions of dollars to the fake investment project, officials in Moscow reminded. Finiko co-founder handed over to Russia’s Interpol office Authorities in the UAE have deported an individual involved in the establishment and operation of the large-scale Ponzi scheme Finiko, Russian media reported. The financial pyramid crumbled a few years ago, causing serious financial damages, but the investigation into its activities and the…

Ethereum is up a little over 1% in the past 24 hours. It is still trailing the broader crypto market, but it has cut its monthly loss to about 5.7%, while Bitcoin is down more than 10% for the month. Even with the slow pace, the Ethereum price is showing early signs of strength again. A well-known bullish pattern is taking shape, whales are increasing their holdings, and the chart is now close to a level that decides if this breakout is real. A Well-Known Pattern Is Taking Shape as Whales Step In Ethereum is forming a cup and handle…

U.S. Treasury Secretary Scott Bessent revealed today that the proposed $2,000 tariff checks on Americans would need congressional approval. President Donald Trump proposed the tariff checks, intended for working families, but estimates suggest that the program could cost the country up to $600 billion. Bessent spoke on Fox News Sunday Morning Futures, emphasizing that the Trump administration has no unilateral authority to authorize large-scale direct payouts. He stressed that the administration would require approval from Congress. According to Bessent, the payments are intended for working families and would include income limits as part of the administration’s broader economic solutions. Bessent…

In a bold move that’s shaking up the NFT space, leading marketplace Magic Eden has just launched a groundbreaking Ordinals buyback program. This strategic initiative promises to inject new energy and value directly into the burgeoning Bitcoin NFT ecosystem. But what does this mean for collectors, creators, and the future of digital art on Bitcoin? Let’s dive in. What is Magic Eden’s Ordinals Buyback Program? Magic Eden announced via X that it is committing a significant portion of its resources to support the Ordinals market. Specifically, the company will use 15% of all trading fees generated from Ordinals transactions to…

DeFi Dad, posts the new work by William Mougayar on the fundamental mispricing of Ethereum. The report asserts that markets have developed Ethereum as a profit-making company. Investors will value ETF based on charges and earnings. Stating that Ethereum undervalues its role as a public good, Mougayar positions this lens in a negative way. He likens Ethereum to Internet base layers such as TCP/IP. These schemes generated huge economic revenues without direct profits. Ether behaves in the same manner. The network facilitates trillions of activity in stablecoins, payments, DeFi, and tokenized assets. According to the report, the value of ETH…

The Financial Supervisory Service (FSS) has unveiled new rules to curb the frenzied buying of high-risk leveraged ETFs among South Korean investors. The regulator stated on Sunday that, as of December 15, local investors will be required to complete an hour-long online training session before investing in inverse or leveraged ETFs listed abroad. The FSS pointed out that investors seeking to purchase derivatives products in foreign markets will also have to sit through a three-hour mock-trading program in addition to the online course. The regulator is looking to align the regulations for investing in these products overseas with those for…

A disturbing number of social media viewers have apparently fallen for viral social media posts claiming that the US Internal Revenue Service (IRS) is asking all residents to disclose a list of their crypto wallets. Despite hundreds of thousands of impressions and viral indignation, however, the news is completely fake. The claim originated with a viral photo of an IRS tax form which many viewers immediately and erroneously assumed was a section of the new Form 1040 — the most popular individual tax return filing for US residents. The false assumption takes a variety of forms, including today’s assertion that…