Author: NBTC
The U.S. House of Representatives and Senate have formed a joint working group to advance cryptocurrency legislation, signaling a new era of regulatory focus on digital assets. President Donald Trump’s recently appointed crypto chief David Sacks expressed his determination to “ensure American dominance in digital assets” during a joint press conference in Washington today. Standing alongside leaders of congressional committees tasked with drafting digital asset regulations, Sacks outlined a broad pro-crypto agenda. “I look forward to working with each of you to create a golden age for digital assets,” Sacks said, noting that cryptocurrency policy was a “week one priority…
Shytoshi Kusama, an enigmatic person known in the crypto space as the Shiba Inu (SHIB) community lead and a sort of spokesperson for the popular meme-inspired cryptocurrency, recently shared an intriguing hint on their social media. With a GIF image from the movie “Leon” starring Jean Reno and Gary Oldman saying, “…calm little moment before the storm.” Kusama evidently gives their massive follower base of one million accounts on X a hint that something is brewing. The question was, is this a hint about something with the Shiba Inu token or new meme coin issued by Kusama himself on the…
Iran intelligence officials allegedly stole digital assets while pretending to investigate a corruption case. According to local outlet Iran International, the senior officers attached to the country’s Revolutionary Guard’s intelligence organization stole about $21 million in digital assets while investigating a corruption case. According to the report, the agency was investigating the CEO of Cryptoland, Sina Estavi, whose crypto exchange shut down in May 2021 after he was arrested by authorities. At the time of his arrest, no official complaint was lodged. However, once news of his arrest broke out, thousands of aggrieved customers lodged complaints against him and his…
The U.S. Bitcoin mining industry is facing potential disruptions following President Donald Trump’s latest tariff announcement, which will impose a minimum 10% duty on all imports starting April 5. Bitcoin Mining Industry Braces for Impact as Trump’s Tariffs Hit Supply Chains Additionally, Thailand and Malaysia, major players in the Bitcoin mining hardware supply chain, will face higher customs duties of 36% and 24% respectively, starting April 9. Many major Bitcoin mining companies operate in the United States, but their supply chains are concentrated in Asia. Bitmain, a Beijing-based Bitcoin mining hardware giant, has production lines in Indonesia, Malaysia, and Thailand.…
In today’s dynamic economic landscape, seasoned investors are reevaluating their portfolios and considering the potential of Bitcoin as an alternative to traditional assets like real estate. With a finite supply and transformative growth potential, Bitcoin presents a compelling case for forward-thinking investment strategies. Real Estate: The Illusion of Stability Real estate has long been regarded as a safe haven for preserving wealth. However, the housing market is not immune to systemic risks such as interest rate hikes, government intervention, and economic downturns. Moreover, property investments often require significant maintenance costs, taxes, and liquidity sacrifices. Bitcoin, in contrast, offers unparalleled portability,…
Federal Reserve Chair Jerome Powell is expected to move toward renewed quantitative easing (QE), potentially focused on the U.S. Treasury bond market. This expectation follows a reported meeting between Powell and Treasury Secretary Scott Bessent in early March. In a blog post, BitMEX co-founder Arthur Hayes suggested Powell is preparing to scale back the Fed’s current quantitative tightening (QT) program. Hayes believes the Fed will support Treasury markets with new liquidity injections, possibly starting this summer. Why the Potential Shift from QT to QE? According to central banking observers, Bessent pointed out to Powell during their meeting that upcoming Federal…
Cardano-based light wallet, Yoroi Wallet, announces plans to integrate with Walmart to allow users to earn ADA cashback whenever they purchase goods from the retail store. Bring, a popular white-label cashback platform, announced the development yesterday on X. According to the post, Walmart will soon be integrated with Yoroi Wallet, enabling users to shop for different items like fashion products, electronics, and groceries. Cardano Cashback Rewards The upcoming integration comes with a special incentive, allowing shoppers to earn ADA cashback on their purchases. “From household items to the latest tech gadgets, Walmart has everything you need. Soon, your shopping will…
Three people pulled a prison sentence from a South Korean court for orchestrating an investment scheme that defrauded victims of around 610 million Korean won (approximately $416,000). Busan District Court Criminal Division 6 convicted the defendants of breaching the Act on the Aggravated Punishment of Specific Economic Crimes. Busan crypto scammers deceived investors with false promises The three men ran an illicit crypto investment in a building in Busan in June 2019, deceiving investors by promising to “select and trade around 1,000 quality coins (virtual currencies) from around the world. They promised investors monthly returns equivalent to 30% of their…
Cango Inc., the 14th-largest publicly listed bitcoin miner by market cap, has entered definitive agreements to sell its China-based operations to Ursalpha Digital Limited for $351.94 million, accelerating its focus on global bitcoin mining. Cango Sheds PRC Operations to Fuel Mining Ambitions Cango’s (NYSE: CANG) cash deal includes an initial payment of $210.64 million upon closing, with the remaining $141.3 million contingent on Cango fulfilling tax obligations and reducing credit risk exposure linked to sold entities. The transaction, approved by Cango’s board and a special committee, responds to a March 14 proposal from Enduring Wealth Capital Limited (EWCL) to acquire…
Bitcoin is entering one of its strongest months of the year, but rising concerns over global tariffs and inflation risks could dampen its performance. According to CoinGlass, February has historically been a positive month for the leader BTC, closing in the green with an average return of 14% in all but two years since 2013. Having finished January with a 9% gain, investors are bracing for increased volatility due to changing macroeconomic conditions. Market analysts are warning that recent geopolitical developments could overshadow Bitcoin’s seasonal strength. Antoni Trenchev, co-founder of cryptocurrency exchange Nexo, noted the impact of the sweeping tariffs…