Author: NBTC
Crypto mogul Justin Sun revealed recently that Techteryx Ltd does not work within his industry, and his involvement in the project was for helping stabilize the market. Sun explained that with 5 million global users of Techteryx’s TrueUSD (TUSD), if these users discover that their holdings could not be redeemed for cash, it would likely cause a major financial crisis. Justin Sun’s Take on Techteryx’s TrueUSD (TUSD) Situation In an interview with Sing Tao Daily, Sun expressed his shock upon first learning about the issue. He said that learning about the situation “shattered his worldview.” He was astonished at how…
A crypto whale has missed a lucrative opportunity to realize over $40 million in profits from $ai16z and $ZEREBRO tokens, according to on-chain data shared on January 9 and highlighted in recent market activity. The whale’s strategic missteps in timing their trades have resulted in significant financial losses, sparking discussions within the crypto community about market timing and risk management. This whale did not sell $ai16z and $ZEREBRO at the best time, missing out on a profit of over $40M!On Jan 2, this whale had an unrealized profit of $40.8M on $ai16z and $ZEREBRO, but he did not sell for…
Coinbase, one of the leading cryptocurrency exchanges in the U.S., has a motion pending in front of the D.C. District Court to reinstate its Freedom of Information Act lawsuit against government agency, the Federal Deposit Insurance Corporation (FDIC) The exchange says the FDIC is still withholding some important documents and not fully cooperating with requests for information. The lawsuit seeks to force the FDIC to hand over records of its conversations with banks related to cryptocurrency actions, including the ‘pause letters’ issued to banks telling them to stop providing crypto services.” Coinbase seeks court’s intervention as FDIC cooperation falters in Operation Choke Point…
A discussion on Bitcoin’s role as a store of value heated up after Donald Trump’s AI and crypto czar, David Sacks, called it an “excellent store of value” in a CNBC interview on Tuesday. Sacks highlighted Bitcoin’s security and longevity, noting that it remained the strongest digital currency. Binance founder CZ later responded, asking why the debate still existed, citing Bitcoin’s historical price growth. Bitcoin’s Security and Market Reactions During the interview, Sacks praised Bitcoin’s resilience, emphasizing that it has been around for over a decade without any security breaches. “It’s the original, it’s the strongest one. No one’s ever…
President Donald Trump has moved ahead with a new set of sweeping tariffs, prompting Treasury Secretary Scott Bessent to urge foreign governments against hitting back with retaliatory measures. Bessent, speaking Wednesday to Bloomberg Television, said, “I wouldn’t try to retaliate. As long as you don’t retaliate this is the high end of the number.” His comments came shortly after Trump unveiled a minimum 10% tariff on all exporters to the United States, plus additional duties on about 60 nations with the biggest trade imbalances with the US. The 10% tariff would take effect at midnight Saturday, followed by the higher,…
Shiba Inu’s burn rate has surged by 471.82% in the past 24 hours, with a total of 15.39 million SHIB permanently removed from circulation. The increase in burn activity highlights continued community-driven efforts to reduce the token supply and potentially influence its value. Shiba Inu Burn Rate Rockets According to blockchain data on Shibburn, the largest burn transaction came 12 hours ago, when 12.67 million SHIB were sent to a dead wallet from address 0x541f60e5576764c…f3ce5886e0. Other notable transactions include 637,429 SHIB burned six hours ago and 1.42 million SHIB sent to a burn address 23 hours ago. Token burning is…
Securities regulators in Vietnam and Singapore have signed a deal for bilateral cooperation to increase supervision over their respective digital asset ecosystems. The State Securities Commission (SSC) of Vietnam and the Monetary Authority of Singapore (MAS) will deepen capital market ties for integrity and stability. Both entities have signed a Letter of Intent (LOI) for information sharing and collaboration in capital markets. A key feature of the LOI is a mutual commitment by both parties to rein in digital asset industries. For Vietnam’s SSC, setting up a robust framework for digital assets is a top priority. The Vietnamese regulator is…
As the crypto total market cap stands at $3.16 trillion, Bitcoin is stuck under the $98,000 mark. Currently, BTC trades at a market value of $97,562, registering a 24-hour drop of 1.16%. As BTC remains under a $2 trillion valuation, the growing bearish influence marks the 7-day return at 4.69%. While the daily trend showcases a lateral shift, the rising influence of sellers is posing a threat to a sharp pulldown. Will this result in a downfall in Bitcoin under the $90,000 mark, or is the uptrend inevitable? Bitcoin Analysis Crucial Crossroads at $97k In the daily chart, the BTC…
The XRP Ledger halted block production for about an hour on Monday before spontaneously recovering, marking a rare disruption for one of crypto’s oldest networks. Network activity froze at ledger height 93927173, prompting an immediate investigation from validators. The XRP Ledger (XRPL) has since resumed normal operations, with no loss of assets or transactions reported. ✅ XRP Ledger is Back Online The XRP ledger is now fully operational after the recent halt, and transactions can resume as normal. We’re monitoring the situation and will share a full update once more information is available. — Xaman® Wallet 🪝 (@XamanWallet) February 4,…
The U.S. Securities and Exchange Commission (SEC) has begun restructuring its enforcement priorities under new leadership, steering its focus toward traditional violations and easing its stance on emerging sectors like cryptocurrency. Acting Enforcement Director Sam Waldon stated that the agency is realigning its approach to concentrate on insider trading, accounting fraud, and misconduct that directly affects individuals, including schemes targeting older citizens. These remarks were delivered at a securities industry gathering, just as the commission adjusts its posture under a new Republican-led administration. SEC Steps Away From Novel Legal Theories In recent years, Reuters reports that the SEC expanded its…