Author: NBTC
Democrat Caroline Crenshaw’s nomination for another term as a commissioner at the Securities and Exchange Commission has faced new setbacks. A planned vote by the Senate Banking Committee was postponed after Senate Banking Committee Chair Sherrod Brown delayed the vote just minutes before it was set to occur on Wednesday morning, after the committee’s GOP members had arrived. Republican senators blocked Brown’s request to waive procedural rules and hold the vote later in the day, according to a Senate aide. The delay pushed Crenshaw’s vote into the afternoon, conflicting with a Senate rule that restricts committees from meeting after the…
Microsoft shareholders reject a proposal to incorporate Bitcoin as a treasury asset despite advocacy from MicroStrategy’s Michael Saylor. This decision reflects the cautious stance of the company’s leadership toward crypto assets. The proposal aimed to encourage Microsoft’s board to assess Bitcoin’s role in diversifying the company’s treasury. Its rejection highlights the ongoing debate about corporate adoption of Bitcoin. Proposal Pitched Bitcoin as Inflation Hedge Microsoft’s proxy statement outlined the proposal, highlighting Bitcoin’s strong historical performance compared to traditional corporate bonds. Proponents argued that adding Bitcoin to the company’s assets could improve its financial resilience by diversifying its treasury holdings. However,…
As 2025 approaches, Y Combinator and Andreessen Horowitz (a16z) have shown confidence in cryptocurrency and artificial intelligence (AI). Their calls for startup proposals highlight stablecoins, AI integration, and their convergence, showing optimism for these technologies. Y Combinator Pushes Stablecoin Innovation Y Combinator identifies stablecoins as crucial for digital payments. Stablecoin payment volumes now exceed 20% of Mastercard’s total volume. Nearly 30% of global remittances rely on stablecoins. Financial institutions like Visa develop platforms for banks to issue their own stablecoins. Stripe’s $1 billion acquisition of Bridge signals growing investor interest in the stablecoin market. Regulatory prospects for stablecoins in the…
Notable community commentator “CryptoTank” has warned that XRP may not trade below $1 again, arguing that “big things” are on the horizon. CryptoTank conveyed this sentiment in a post on X today, encouraging market participants to continue accumulating more XRP tokens. He based his bullish outlook on key upcoming events around the payment firm Ripple. First, he pointed out that Ripple’s chairman, Chris Larsen, and CEO, Brad Garlinghouse, will be speaking at a Federal Reserve meeting on Tuesday, October 22. As Crypto Eri, a respected figure in the community, previously disclosed, the Ripple executives will feature at the 8th Annual…
Bitcoin’s recent surge past $100,000 has sparked discussions about its future trajectory, with prominent finance YouTuber Matt Kohrs suggesting that BTC could reach $250,000 in the near-term. Speaking on the Matt Kohrs Show, he expressed optimism about Bitcoin’s potential due to the favorable macroeconomic environment and the growing interest in digital assets. Data from financial research firm Luthold Group suggests that riskier assets including Bitcoin and gold are likely to outperform traditional 60/40 stock and bond portfolios through 2024. Kohrs, known for his in-depth study of market trends, laid out two potential scenarios for the future of Bitcoin: It solidifies…
Gelato Network has announced a strategic partnership with Factor.Fi, a decentralized platform that enables developers to develop new DeFi products. Through the collaboration, Gelato Network and Factor.Fi created a new DeFi environment that enables users to automate and simplify decentralized finance trading. Gelato, a blockchain-based platform that automates smart contracts on various blockchains, disclosed the development through its X account. The integration is a good example of what is popularly known as composability, a trend that is transforming the DeFi world. Gelato Functions Automate DeFi Strategies on Factor!@Factor_fi merges Lego’s creativity & Shopify’s e-commerce logic into a single DeFi Composability…
MoonPay’s integration with Sei Network simplifies crypto purchases, supporting multiple payment methods like Apple Pay and PayPal. Sei Network’s v2 upgrade boosted daily transactions to 5 million and increased total value locked by 229%. Officially integrating with Sei Network, MoonPay has streamlined crypto transactions for users. Using debit or credit cards, Apple Pay, Google Pay, PayPal, and bank transfers, users may easily top up their wallets using this interface. For people who might find conventional crypto buying options difficult, specifically, this represents a major step forward in streamlining access to cryptocurrency. MoonPay is now live on Sei! With @moonpay, accessing…
Although Bitcoin (BTC) has surpassed the critical level of $ 100,000, the cryptocurrency market has been dominated by declines in recent days. At this point, while the BTC price has been moving in a price range of $90,000 to $100,000 in recent weeks, the experienced analyst explained why the Bitcoin price has not been able to rise. Slow liquidity inflows and Nvidia’s stalled rally could be holding back Bitcoin’s rally, 10X Research founder Markus Thielen wrote in a note to clients. First of all, Thileen stated that the liquidity flow to the cryptocurrency market through channels such as spot Bitcoin…
The research, which focuses on Circle’s USDC stablecoin, is part of a series of posts on restaking by crypto research firm Gauntlet. USDC Provides Unique Benefits as Restaking Collateral Restaking – the practice of staking cryptocurrencies like ether (ETH) on multiple protocols to generate additional yield – can now be accomplished with ERC20 tokens, including popular stablecoins such as USDC. Ethereum research firm Eigen Labs, the company behind restaking platform Eigenlayer, announced ERC-20 token restaking in August. But why would a node operator hold a stablecoin as collateral instead of another type of token – typically a much more volatile…
Wall Street giant JPMorgan (JPM) turned more bullish on some bitcoin (BTC) mining stocks in its coverage following third quarter results and recent gains in bitcoin price and the network hashrate, the bank said in a report on Tuesday. The bank upgraded Cipher Mining (CIFR) and CleanSpark (CLSK) to overweight from neutral. JPMorgan also introduced a new price $8 price target for Cipher, and raised its CleanSpark price target to $17 from $10.50. MARA Holdings (MARA) was also upgraded to neutral from underweight and raised its price target on the stock to $23 from $12. The U.S. bank downgraded IREN…