Author: NBTC
Tom Emmer has joined the band wagon as he has once again criticized current SEC Chair Gary Gensler’s leadership, pointing out Gensler’s regulation-by-enforcement strategy to be the root cause of all the problems faced by the crypto industry. This criticism comes right after Elon Musk and Vivek Ramaswamy criticized the SEC’s overreach in various cases. Tom Emmer Vs. Gary Gensler Emmer, a vocal advocate for transparent crypto regulations, has been criticizing Gensler for a long time now. Emmer has labelled Gensler’s leadership as the most “destructive” and “lawless” SEC chair in the history, which has hindered innovation within the industry.…
The cryptocurrency arm of the American financial services company Robinhood has released its end-of-the-year report for 2024, outlining its growth and expansion to new markets over the past 11 months. Alongside the report release, Robinhood Crypto is celebrating the first anniversary of launching a digital asset trading division in Europe. Robinhood Releases End of Year Report According to the report, Robinhood Crypto recorded a notional trading volume of $119 billion and $38 billion in crypto assets under custody as of November 2024. The entity said 2024 was an important year for its business because of the milestones it achieved. Robinhood…
One of Bitcoin’s (BTC) major promises is freedom — the unshackling of the financial world from the constraints of the traditional (TradFi) system. How? Through decentralization, a trustless system allows for peer-to-peer exchanges of value. Recently, the premier crypto has attracted a new tag — the people’s money — in reference to its supposed egalitarian design and function. But is BTC truly the all-embracing medium of exchange that its proponents make it out to be? Financial analyst Vik Aggarwal has presented new bitinfocharts data faulting that notion. He shared his thoughts via a LinkedIn post. Nearly 75% of available Bitcoin…
Attention is shifting from DeFi into meme tokens, as mindshare metrics point to the launch of a meme super cycle. After months of narrative turnover and complex new platforms, memes took off again for offering the simplest access to the market. Meme tokens are gaining momentum as interest flows out of DeFi. Actual DeFi usage remains high, and meme token activity depends on some forms of crypto finance, especially stablecoin lending. However, the recent shift to meme token activity coincides with an outflow of DeFi hype. DeFi mindshare dropping since memes took over. Overlooked given Trump’s odds & his public…
Congressman French Hill will be the next chair of the powerful House Financial Services Committee, Punchbowl News reported Thursday. The Arkansas Republican was named to the role Thursday by the party’s Steering Committee, which named the leaders of the various committees ahead of the 119th Congress’s start next year. Hill will succeed North Carolina’s Patrick McHenry, who will retire after 20 years in Congress and multiple terms leading Republicans on the Financial Services Committee. Hill has chaired the Digital Assets, Financial Technology and Inclusion subcommittee over the past few years and cosponsored the Financial Innovation and Technology for the 21st…
MetaMask Card launches in Brazil, Mexico, and Colombia, allowing seamless crypto transactions through Mastercard integration. MetaMask simplifies DeFi with a debit card that converts crypto to fiat, enabling daily spending without crypto exchanges. MetaMask has finally launched its highly anticipated MetaMask Card in Brazil, Mexico, and Colombia, giving users in these countries a convenient option to spend their cryptos in daily transactions. Working as a debit system, the card lets payments be made anywhere Mastercard is accepted. Aiming to close the distance between traditional financial institutions and decentralized assets, MetaMask keeps growing its ecosystem with this launch. Users can easily…
Today, Russian state-owned domestic news agency, RIA Novosti, reported that State Duma Deputy Anton Tkachev proposed creating a strategic bitcoin reserve for Russia, claiming they have obtained a copy of the document. Tkachev, from the New People party, sent the proposal to Russia’s Finance Minister, Anton Siluanov, to create a bitcoin reserve similar to Russia’s traditional currencies reserves. JUST IN: Russian State Duma Deputy Anton Tkachev proposed creating a strategic #Bitcoin reserve in Russia, RIA Novosti reports 🇷🇺 pic.twitter.com/PlwSp24RvF — Bitcoin Magazine (@BitcoinMagazine) December 9, 2024 “I ask you, dear Anton Germanovich, to assess the feasibility of creating a strategic…
TL;DR BitGo expands its support for the Sui ecosystem with custodial services for Sui Naming Service (NS) and DeepBook (DEEP). Sui Naming Service facilitates the creation of more user-friendly onchain identities and DeepBook is a decentralized trading platform. The current price of Sui (SUI) is $2.06, with a change of 4.94% in the past 24 hours, according to CoinMarketCap. BitGo has announced a further expansion of its services for the Sui ecosystem, adding custody support for two major assets: Sui Naming Service (NS) and DeepBook (DEEP). This move reinforces BitGo’s commitment to providing institutional-grade custody solutions for evolving blockchain networks.…
Next year, the Securities and Exchange Commission could become entirely Republican-controlled. At least for a little while. The Senate Banking Committee on Wednesday delayed its vote to confirm SEC Caroline Crenshaw, whose term ended in June. After the vote — which was scheduled to take place Wednesday morning — was pushed to later in the afternoon, Senate Republicans were able to block it as late-in-the-day votes require unanimous approval. The vote has not yet been rescheduled. Should Crenshaw not be confirmed before the Senate adjourns for the session next week, President-elect Donald Trump will have the opportunity to nominate a…
Bitcoin’s upward momentum shows no signs of slowing down, with analysts suggesting the market cycle top may still be ahead. According to Titan of Crypto, a market analyst, the token’s monthly RSI indicates further growth prospects. Historically, cycle tops in 2013, 2017, and 2021 coincided with the RSI reaching the overbought zone, a threshold that remains untested in the current bull market. The shared analysis highlights Bitcoin’s consistent cyclical patterns, showing that corrections are a normal part of the climb toward new highs. Titan of Crypto’s chart reveals that Bitcoin is following an upward trajectory, with the trend line suggesting…