Author: NBTC

The recent decision by the SEC to drop its case against Ian Balina marks a significant shift in regulatory enforcement within the cryptocurrency sector. This development underscores a broader trend of leniency towards crypto firms amid changing political dynamics in the United States. Official sources suggest that the SEC’s move is influenced by a recalibration of priorities, indicating a possible end to aggressive regulatory actions. This article explores the SEC’s decision to abandon its case against Ian Balina, highlighting the implications for crypto regulation and industry leaders. Regulatory Climate Shifts: SEC Changes Course on Crypto Enforcement The SEC’s intention to…

European investors get a new, simpler way to buy VeChain (VET). The WhiteBIT cryptocurrency exchange now offers direct trading between VET and the Euro (EUR). This eliminates the need for those investors to first convert their Euros into USDT or BTC, streamlining the process and potentially reducing fees. Besides no need for intermediate conversions anymore, users will also have reduced transaction costs. Established in 2018, WhiteBIT is a centralized cryptocurrency exchange headquartered in Europe, serving over 8 million users across the EU, South America, and Asia. The platform offers a wide range of services, including spot trading, margin trading, and…

Digital assets investment firm Bitwise has donated $150,000 to Bitcoin open-source developers. In an announcement on X, the firm said three Bitcoin non-profits, Brink, Open Sats, and Human Rights Foundation (HRF), will be responsible for allocating the funds. The contribution fulfills the company’s earlier pledge to donate 10% of the gross profits from its Bitwise Bitcoin exchange-traded funds (ETF) BITB annually. According to the firm, this is the first annual donation based on that commitment. It said: “Today, Bitwise is donating $150,000 to support Bitcoin open-source developers, who work tirelessly to secure and maintain the network.” Meanwhile, the firm thanked…

On-chain data revealed $1.8 billion worth of Ethereum left exchanges last week. The outflows are the largest seen since December 2022. The withdrawals suggest investors are moving ETH to their private wallets for long-term accumulation. On-chain data revealed approximately 845,000 ETH left exchanges last week. The withdrawals are the highest weekly amount since December 2022. The outflows coincide with increased selling pressure as the crypto markets experience a downward trend. Data indicates over $1 billion worth of ETH exited exchanges last week Coinmarketcap data revealed Ethereum experienced increased volatility in the past month. The asset has lost over 50% of…

Over the past month, the world’s 10 largest public companies that own over 1,000 bitcoins (BTC) have all underperformed the S&P 500 index. Zooming out to a year-to-date timeframe yields the same result: no outperformance by BTC-owning companies since January 1. The strongest member of the top 10 cohort, Norway-based Aker ASA, is trading flat since it closed trading to start the year. The weakest, Galaxy Digital, has underperformed the S&P 500 by 25% over the same period. No BTC-owning company has outperformed the S&P 500 since January 1. Bitcoin treasury companies even underperform gold Switching the benchmark from the…

Popular cryptocurrency XRP recently saw a notable shift of almost 20 million coins, which is equivalent to $50.66 million at current prices. What is remarkable about this large-scale transaction is the route, as XRP was transferred from one of the top crypto exchanges in the U.S., Gemini, to unknown addresses. Now, this wallet, which was created only last January, holds almost 43.73 million XRP worth about $112 million. Whether this address belongs to Gemini itself or is actually controlled by an unknown major investor remains an open question. However, the perception of such movements is clear, as in the common…

Amy Gleason has been named acting administrator of D.O.G.E, but nobody knows what she actually does. The White House made the announcement, but when pressed for details, officials had nothing. Meanwhile, Elon Musk, who is just a special government employee, still gets called the one in charge. Even Donald Trump referred to D.O.G.E as “headed by Elon Musk,” raising new legal questions about who’s really running the agency. It took weeks before the administration even confirmed Amy’s role. Lawyers representing the White House couldn’t answer who was actually in charge, and only after being put on the spot did the…

Binance CEO Changpeng ‘CZ’ Zhao is calling out mainstream media for spreading false stories about him and Binance US. The Wall Street Journal (WSJ) published a report claiming Trump’s family was discussing a financial deal with Binance US, and that CZ had been pushing for a presidential pardon after his legal troubles in the U.S. CZ fired back in an X post today, saying the story was completely fake and accusing the media of trying to manipulate public perception against crypto and Trump’s administration. The WSJ article alleged that Trump’s family had been in talks about taking a stake in…

Today, Bitcoin briefly dipped to the lower range of the $90K region, stirring bear market fears, especially as the market has yet to fully recover from the February 3 bloodbath. Meanwhile, industry leaders like Ki Young Ju, founder of CryptoQuant, continue to reassure that the market remains in a bullish phase, at least according to key indicators. In a tweet today, Young Ju shared an on-chain analysis showing that Bitcoin’s realized price data suggests a strong bull market. The metric revealed a critical level where a breach below could spell trouble. For context, the realized price refers to the average…

Ethereum’s price has dropped another 13% over the past week. During Monday’s early Asian hours, the leading altcoin plunged to $1,997—its lowest level since December 2023. With a growing bearish bias, the cryptocurrency may soon slip below the critical $2,000 support level once again. ETH Selloffs Surge as 50% of Holders Slip Into Losses An assessment of the ETH/USD one-chart reveals that the altcoin trades significantly below its Ichimoku Cloud and has done so since January 25. ETH Ichimoku Cloud. Source: TradingView At press time, the Leading Spans A (green) and B (red) form dynamic resistance above the altcoin’s price…