Author: NBTC
The DeFi Education Fund and leading crypto companies have called out the U.S. Department of Justice for its “unprecedented and overly expansive” interpretation of criminal code that has been used to define crypto firms as unlawful money transmitters. In a letter signed today and addressed to leaders of the House and Senate Committees on Banking and Judiciary, and the House Committee on Financial Services, the DeFi Education Fund said that the DOJ’s position, which first appeared in 2023, “threatens the viability of U.S.-based software development in the digital asset industry and other industries.” The letter was signed by 34 companies,…
Cryptocurrency analytics firm Alphractal has released a critical update on Bitcoin’s leverage risks, sharing two potential price scenarios in the near term. According to Alphractal, Bitcoin can do one of the following: It may exceed $111,000 to liquidate short positions opened since December 2024. It may fall below $80,000 to liquidate long positions opened since November 2024. The company’s data shows that based on Total Liquidation Levels over the past six months, there are twice as many long positions that have not yet been liquidated as short positions, explaining why investors face greater losses during market declines than during price…
According to a latest Bloomberg report, U.S. President Donald Trump has announced a 25% tariff on all non-U.S. manufactured cars. This is a move to boost American manufacturing with cars built in the U.S. being exempt. This is part of his larger plan to adjust trade relations, with more tariffs set to roll out on April 2, dubbed “liberation day.” “What we’re going to be doing is a 25 per cent tariff on all cars that are not made in the United States. This will be permanent,” Trump said from the Oval Office. “We start off with a 2.5 per…
io.net, a well-known decentralized computing ecosystem for developers, has announced an exclusive partnership with Orbit, an advanced AI-driven platform to streamline blockchain interactions. The collaboration targets to enhance the interaction of AI agents on decentralized GPU ecosystems within the blockchain sector in terms of transparency. The platform took to social media to reveal this development. .@orbitcryptoai and @ionet are working together to make AI actions on the blockchain more transparent. This means AI agents can run on decentralized GPUs, and their decisions will be logged for future reference.A big step toward secure and automated finance! https://t.co/wfiowjzB43 — io.net (@ionet) February…
It is time to break crypto trading in Kazakhstan out of the special economic zone, a member of the parliament has said. The overwhelming majority of operations with digital assets are not conducted in the Astana International Financial Center (AIFC), even though current law only allows that activity there. Azat Peruaşev, leader of the minority Aq Jol party and member of the Majilis, the lower house of the Kazakhstan parliament, proposed that the country’s central bank and private banks collaborate to create a “crypto bank” to provide a legal platform for operations with cryptocurrencies. Another MP, Ekaterina Smyshlyaeva, proposed legislative…
During a recent interview with CNBC, former Meta executive David Marcus argued in favor of exchanging a portion of the U.S. government’s gold holdings for Bitcoin. He believes that it would be a “wise decision.” “First of all, if you look at the strategic reserves that the US holds in gold, we are the number one holder of gold in the world. And, arguably, if you think of Bitcoin as a better version of gold…why not allocate a portion of that reserve to the better version?” he said. He believes that there are more opportunities for growth and appreciation in…
President Donald Trump recently signed an executive order to modernize the U.S. Treasury’s payment system. While the official goal is to reduce fraud and improve payment efficiency by moving away from paper checks, there’s a lot of buzz in the crypto world. Many people are wondering if this could mean the U.S. government will start using Ripple’s XRP for payments. The order aims to combine 47 separate payment systems and push for more electronic payments. This shift would make payments faster and less prone to fraud, especially compared to old-fashioned paper checks. However, what has crypto fans excited is the…
The name Artificial Superintelligence Alliance sounds admittedly like a group of comic-book polymaths attempting to solve world problems. While this isn’t quite the case, ASI is nonetheless altruistic in its goals. Artificial Superintelligence Alliance (FET) is a group of crypto projects that have joined forces to advance and democratize AI. Here is what you need to know in 2025. In This Guide: What is the Artificial Superintelligence Alliance (ASI)? ASI origins and formation How does Artificial Superintelligence Alliance crypto work? Artificial Superintelligence Alliance (FET) token ASI embodies a collaborative philosophy Frequently asked questions What is the Artificial Superintelligence Alliance (ASI)?…
U.S. Senator Kirsten Gillibrand (D-N.Y.), one of the leading Democrats supporting crypto legislation, warned the industry against pushing for a “watered-down” version of the long-awaited stablecoin legislation currently moving through the Senate, arguing that stringent regulations are necessary to foster innovation and protect investors from bank runs like the one on Silicon Valley Bank in 2023 and the collapse of crypto exchange FTX in 2022. Speaking at the D.C. Blockchain Summit in Washington, D.C. on Wednesday, Gillibrand said that the bipartisan stablecoin bill — Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) — creates a number of…
Whale activity shows Bitcoin could be gearing up for significant growth. Large inflows suggest that big players are driving Bitcoin’s price higher. The surge in both price and whale buying points to an exciting market shift. The chart shared by analyst Vivek provides a detailed analysis of Bitcoin’s price movements and whale activity over the past few years. It clearly illustrates the relationship between Bitcoin’s price, represented by the grey line, and the inflows, depicted by the purple line. Both of these are further accompanied by their respective 30-day simple moving averages, which help smooth out short-term volatility and highlight…