Author: NBTC
As lawmakers hash out a federal framework for stablecoins in the U.S., corners of the crypto industry may soon face competition from the likes of Uber and Meta. Senate Banking Committee Chairman Tim Scott (R-SC) vowed this month that a stablecoin bill, dubbed the GENIUS Act, will be passed by both chambers of Congress and signed into law within the first 100 days of President Donald Trump’s administration. As the bill gains momentum, some experts say the industry may be at a crossroads. While the measure would for the first time provide a pathway to legality for stablecoin giants like…
The Shiba Inu ecosystem had one reason to celebrate yesterday as data confirmed that top exchange MEXC had added support for the Shibarium network. Shibarium Updates, a prominent Shiba Inu community handle, shared an elating update for enthusiasts of the light-hearted doggy-themed meme coin ecosystem. A tweet yesterday noted that the Shibarium network appeared on the crypto exchange MEXC. Shibarium on MEXC The Seychelles-based crypto exchange seems to have integrated Shibarium as a network option for transacting on the platform. The prototype “Shibarium Updates” shared shows that the Ethereum layer 2 scaling solution appeared as one of the networks from…
Former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo, widely known as the “Crypto Dad,” has reiterated his faith in Bitcoin, describing it as “digital gold” and “an idea whose time has come.” Giancarlo’s statements come as Bitcoin has recently surged above $100,000 and investors are awaiting a new era of crypto-friendly policies under the new US administration. In a recent interview, Giancarlo specifically highlighted the shift from traditional value storage to blockchain-based systems in financial institutions when explaining why Bitcoin’s appeal continues to grow. “We’ve reached a stage where we can move beyond storing information on the internet and…
With the cryptocurrency market set to close in 2024, the entire community will now focus on token airdrops and token creation events (TGE) that could take place in the first quarter of 2025. The list prepared by Chinese cryptocurrency journalist Colin Wu and his team also includes many surprises. Here are the cryptocurrency projects and details about the projects that may launch tokens in the first quarter of 2025. Pump Fun: Known as the Memecoin launchpad. Linea: An example of tier 2 projects that are a hot topic in 2024. Monad: Layer 1 blockchain project has raised funding from companies…
Ross Ulbricht, the infamous Silk Road creator, has called for Roger Ver’s release from detention following his arrest in Spain over alleged Bitcoin tax fraud. Ver was arrested in Spain following a U.S. Department of Justice indictment alleging the early Bitcoin (BTC) investor committed various tax violations worth $50 million. Federal prosecutors claim Ver underreported his Bitcoin gains and failed to file the correct tax returns. Ver, who renounced his U.S. citizenship in 2014, denied the charges and accused the U.S. of government overreach. You might also like: News ‘Bitcoin Jesus’ Roger Ver fights indictment and accuses U.S. government of…
The use of cryptocurrency for payments has seen significant growth, as evidenced by Binance Pay’s expanding user base and transaction volume in 2024. According to data provided by Binance and analyzed by CryptoQuant, the number of Binance Pay users tripled from the previous year, reaching 41.7 million. This rapid adoption highlights the increasing role of crypto in everyday transactions. Stablecoins Lead the Charge The total transaction volume processed through Binance Pay in 2024 stood at $72.4 billion, the report found. This is a notable rise from $2.5 billion in 2021. Stablecoins, particularly Tether (USDT), dominated Binance Pay transactions as it…
Scottie Pippen, one of the biggest NBA legends, has predicted that the Bitcoin price might hit $1 million. You think you’re late to Bitcoin because it hit $100,000.I think I’m early to Bitcoin because it’s $1.7 Trillion Market Cap out of a total $900 Trillion in global assets.Next stop, $1 MILLION $BTC 🔥 — Scottie Pippen (@ScottiePippen) December 28, 2024 While Pippen might not seem like an authoritative voice in the world of crypto, his previous Bitcoin predictions were eerily prescient. In September, for instance, the former professional basketball player claimed that Satoshi Nakamoto visited him in his dream to…
Despite once promising never to ‘scam’ his followers by promoting digital assets, the belligerent influencer Andrew Tate, who has become increasingly known for his troubles with Romanian law enforcement, has been active in certain segments of the cryptocurrency community in 2024. Of the many projects he helped advertise – many of which he is accused of swiftly abandoning – he is most associated with an ill-fated meme coin called Daddy Tate (DADDY). Though DADDY had several periods in 2024 – most notably in July and October – when it performed admirably, it is, nonetheless, substantially down this year. DADDY meme…
Canada’s banking regulator, the Office of Superintendent of Financial Institutions (OSFI) has introduced rules for banks to manage their exposure in cryptocurrency as interest in digital assets continues to grow in the country. The OSFI announced the final guidelines in the regulator’s quarterly report on Thursday, on cryptocurrency assets, together with consultation on capital requirements amid a major shift in the regulatory approach in the US where requirements are expected to ease. The initiative marks a significant step in digital assets and financial stability. According to the Globe and Mail, the OSFI has been reviewing how Canada’s banks manage risks…
In an unexpected show of solidarity within the competitive cryptocurrency exchange market, Bitget offered crucial financial assistance to Bybit during a period of liquidity challenges. According to Gracy Chen, CEO of Bitget, the exchange proactively reached out to Bybit, providing support without demanding any collateral, interest, or specific repayment terms. Bitget CEO Gracy said that they took the initiative to communicate with Bybit and offered help. Bitget did not require any collateral, interest, time limit, or commitment. Bybit could just transfer it back when Bybit no longer needed it. The current situation is that Bybit’s… — Wu Blockchain (@WuBlockchain) February…