Author: NBTC
The absence of stablecoin regulation in the U.S. is one of the main hurdles to adoption, S&P Global Ratings said in a Wednesday report. “The lack of regulation is one of the main impediments to stablecoin adoption in the U.S. and has prevented a broader institutional adoption of stablecoins,” analysts led by Mohamed Damak wrote. S&P said it expects adoption to grow once regulation is in place. Stablecoins are cryptocurrencies whose value is tied to another asset, such as the U.S. dollar or gold. They play a major role in cryptocurrency markets and are also used for to transfer money…
BitGo CEO Mike Belshe says that he’s anticipating the tailwinds spurring crypto assets in 2024 will likely continue into 2025. In a new CNBC interview, Belshe says that despite the crypto industry already being bullish on the new pro-crypto administration arriving in Washington D.C., it’s possible that the new regulatory environment hasn’t been completely priced in yet. “I think the regulatory is somewhat priced in but in general we’ve seen that these news events don’t always price in until they’re actually here. So look, we have a new administration coming in, things look very promising, people are very excited, they’re…
An under-the-radar artificial intelligence (AI)-based altcoin is skyrocketing after its developers announced plans to expand the project. In a lengthy new thread on the social media platform X, crypto software developer Jeffy Yu says that Zerebro (ZEREBRO) is building a consumer facing launchpad for AI agents. “We are building Zentients, a consumer facing launchpad for agents… The exact details are still being finalized. But we want to keep the framework simple: Agents will require ZEREBRO for a creation fee and will be launched on a ZEREBRO bonding curve with fees. Once a certain valuation is met by the agent token,…
Bitcoin price is $94,952.42, with a market cap of $1.88T and 0.38% daily growth. RSI is at 45.82, signalling mild bearish momentum below its 14-day average of 51.58. The current price of Bitcoin (BTC) stands at $94,952.42, reflecting a 0.38% increase over the last 24 hours. Bitcoin’s market cap has surged to $1.88 trillion, accounting for 52.17% of the total crypto market dominance. The 24-hour trading volume of Bitcoin is $23.26 billion, indicating a 1.23% volume-to-market-cap ratio. The fully diluted valuation (FDV) of Bitcoin is $1.99 trillion, with a circulating supply of 19.8 million BTC out of a total maximum…
Fonbnk and Stellar partner to convert prepaid SIM cards into virtual debit cards, enabling financial inclusion for millions in Africa. The platform allows users to exchange airtime for USDC on Stellar, providing access to global financial services and cash conversion. Fonbnk, a fintech company, is addressing the financial accessibility gap in Africa by turning prepaid SIM cards into digital debit cards. With 350 million people being unbanked in Africa and only 20% of families using formal banks, Fonbnk’s solution is not only unique but also relevant. With the integration of the Stellar blockchain, Fonbnk allows users to redeem airtime for…
The US SEC is sharpening its focus on crypto staking and may issue new guidance on the practice, FOX Business journalist Eleanor Terrett reported Thursday, citing a source who recently communicated with the securities regulator. “The agency is “very, very interested” in staking, even asking industry for a memo detailing the different types of staking and their benefits,” Terrett shared on X. Last week, the SEC’s Crypto Task Force met with Jito Labs and Multicoin Capital Management representatives to discuss incorporating staking features into crypto exchange-traded products (ETPs). During their meeting, these firms presented two models for implementing staking in…
Peter Brandt, one of the most well-known commodity traders, has decided to dust off his “Hump Slump Bump Dump Pump” chart pattern that he first revealed several years ago. If you are a Bitcoiner, take a look at this post from several years ago. It describes the famous Hump Slump Bump Dump Pump chart construction in $BTCSame thing could be happening nowhttps://t.co/GUVydv7F9b pic.twitter.com/dW3uAar3OQ — Peter Brandt (@PeterLBrandt) December 29, 2024 According to the prominent chartist, this pattern might be playing out right now. The largest cryptocurrency by market cap experienced a roller-coaster ride. An initial price bump that resulted in…
Floki, a well-known memecoin issuer, has announced an exclusive collaboration with the innovative football tournament Kings World Cup Nations. The partnership aims to redefine the experience of the attractive game with more than 600M video views along with more than 20M hours in watch time. The platform took to X to disclose this collaboration. Floki Partners With Kings World Cup Nations To Reach 600+ Million Video Views! 🏆Floki is thrilled to announce a groundbreaking partnership with the Kings World Cup Nations – the revolutionary football tournament that’s set to transform how we experience this beautiful game!… pic.twitter.com/rrtogXtO8p — FLOKI (@RealFlokiInu)…
The US SEC established on Thursday the Cyber and Emerging Technologies Unit (CETU) to combat cyber-related misconduct and protect retail investors from emerging technology threats. Led by Laura D’Allaird, the CETU replaces the agency’s previous Crypto Assets and Cyber Unit and comprises approximately 30 fraud specialists and attorneys drawn from across SEC offices. The move signals the SEC’s broader regulatory push in the face of rapidly evolving technologies. The newly formed unit will prioritize a range of cyber-related threats impacting the financial industry. Key focus areas include the growing use of artificial intelligence and machine learning in fraudulent schemes, scams…
Bitget Wallet has integrated decentralized lending protocol Aave to allow users to stake USDT and USDC across five blockchain networks while retaining self-custody of assets. Aave Integration Enables Cross-Chain Stablecoin Staking on Bitget Wallet Bitget Wallet has integrated decentralized lending protocol Aave to allow users to stake USDT and USDC across five blockchain networks while retaining self-custody of assets. Bitget Wallet now supports staking of USDT and USDC on Ethereum, Base, Polygon, Arbitrum, and Optimism through Aave, enabling users to earn real-time yields without locking funds. According to the announcement shared with Bitcoin.com News, the integration sources annual percentage yields…