Author: NBTC
GMT recorded notable price gains on its daily chart as altcoins soared on Bitcoin’s stability above $96K. While BTC gained 2% over the past day, the altcoin jumped nearly 10% from $0.1977 to $0.2172 daily peak. GMT’s upside momentum strengthened as Web3 app STEPN broke two Guinness World Records. 🎉 WE DID IT—TWICE! 🎉 Our unstoppable community has officially broken not one, but TWO GUINNESS WORLD RECORDS™ titles! 🌍💪 🏆 @GWR title for most users to complete a remote one-mile distance in 24 hours 🏆 @GWR title for most users to complete a remote one-mile distance in… 3:05 PM ·…
Enforcement Director Ian McGinley is leaving the Commodity Futures Trading Commission in a week, ending a relatively short tenure that saw some high-profile crypto cases. He arrived at the agency in February 2023, a month before the CFTC sued Binance and then-CEO Changpeng Zhao for violating U.S. commodities laws. During his tenure, he also oversaw the conclusion of the enforcement work against collapsed global platform FTX, which he characterized as the largest recovery of dollars for victims in CFTC history. The agency has since pursued actions against KuCoin and Falcon Labs, among other projects. In a 2023 speech, McGinley addressed…
Cryptocurrency markets took a hit today after strong U.S. employment data weighed on digital asset prices, stoking fears that the Federal Reserve may delay cutting interest rates. Bitcoin has lost over 10% of its value since the Fed’s hawkish meeting on December 18. The jobs report released Friday showed the U.S. economy added 256,000 jobs in December, significantly beating economists’ estimate of 153,000. The unemployment rate also fell to 4.1% from 4.2% in November, underscoring the resilience of the labor market. “This report will continue to drive higher yields and further postpone the next Fed rate cut,” said Bryce Doty,…
Justin Sun, a crypto entrepreneur, recently grabbed headlines for eating $6.2 million worth of banana art, which he won from Sotheby’s Auction House. Now, he’s once again making news by announcing USDD 2.0, a new iteration of stablecoin. USDD 2.0 https://t.co/MxD01cuSOw — H.E. Justin Sun 🍌 (@justinsuntron) November 29, 2024 However, he did not share more details about USDD 2.0. Can USDD 2.0 Have Connections With Trump’s WLFI? The moves come after Justin Sun was appointed as a key advisor for World Liberty Financial after his $30 million investment in the project. WLFI is a crypto project backed by upcoming…
Key Takeaways Ammon Simon has been appointed Chief Counsel for the US Senate Committee on Banking, Housing, and Urban Affairs. Simon’s appointment is expected to influence crypto regulation, promoting innovation with investor protection. Ammon Simon has been appointed Chief Counsel for the US Senate Committee on Banking, Housing, and Urban Affairs, according to his LinkedIn announcement. Simon previously served as counsel to SEC Commissioner Hester M. Peirce, where he focused on regulatory policies for crypto assets and emerging financial technologies. During his tenure at the SEC, he worked to facilitate dialogue between the agency and industry stakeholders on matters including…
Texas-based fitness maker Interactive Strength plans to allocate $5 million in Bitcoin as part of its treasury strategy. Interactive Strength, a maker of specialty fitness equipment, said Thursday its board has approved allocating up to $5 million in Bitcoin (BTC), subject to a cap of 25% of the company’s average daily cash holdings over the past three months. In a Nov. 21 press release, the Austin-headquartered company said it plans to hold Bitcoin as a treasury reserve asset, saying the cryptocurrency’s “inflation-resistant characteristics may make it a reliable asset as a functional store of value.” Interactive Strength CEO Trent Ward…
Bhutan, a small country in South Asia, is making big waves in the crypto world. The Kingdom, which populates roughly 770,000 people and lies between India, China and Nepal, just made headlines after one of its cities adopted a crypto reserve strategy. This includes bitcoin (BTC), ethereum (ETH), and Binance’s BNB token (BNB). El Salvador has previously made bitcoin part of the country’s national reserve and several other countries, including the United States, are considering taking similar measures to strengthen its already robust economy. But Bhutan could set an example for smaller countries, where making crypto part of their national…
Nervos Network, a layer 1 blockchain powering CKB cryptocurrency, today announced its financial result for the three-month period ended September. According to the company, its third quarterly performance of the 2024 financial year played a crucial role in the firm’s growth. The firm’s trading volume significantly rose, which aligned with new waves of enthusiasm within the digital asset market. Third quarter 2024 financial highlights The company said the launch of its RGB++ Layer in Q3 2024 enabled the growth of DeFi platforms on its Nervos Network blockchain ecosystem. This also helped position its blockchain as an emerging platform for decentralized…
Gary Gensler’s tenure as the US Securities and Exchange Commission (SEC) chair has apparently been anything but smooth. With less than two weeks before he steps down, the man who’s been the face of the Biden administration’s anti-crypto agenda has opened up about the toll it’s taken on him, and let’s just say, it hasn’t been a walk in the park for Gary. He admitted that the barrage of crypto-related cases during his time at the SEC left him “traumatized.” Oh, and about Elon Musk’s D.O.G.E? He thinks it’s pointless. Speaking from his Washington, D.C. office, Gary was quick to…
Bitcoin trades at $99,340.23, approaching the $100K mark as retail investors retain market dominance. What is more interesting about this rally is the dominance of retail investors, who currently account for 88.07% of all Bitcoin (BTC) in circulation, according to The Block. Contrary to the recent claims that institutional investors are leaving retail investors behind in ownership of BTCs, the asset is still in the hands of retail investors, which underlines their stronghold in the market. This grassroots stronghold contrasts the much smaller shares held by whales at 1.26% and institutional investors at 10.68%. You might also like: Not XRP…