Author: NBTC
The SEC is now requiring its lawyers to obtain top-level approval before formally launching an investigation, according to two sources familiar with the matter who spoke to Reuters on condition of anonymity. The new requirement mandates that enforcement staff must secure permission from politically appointed commissioners to issue subpoenas, demand documents, and compel testimony. Previously, staff members had the authority to initiate formal investigations independently, though SEC commissioners maintained oversight of the process. The change follows leadership transitions at the SEC, including the departure of former chair Gary Gensler and Democrat Jaime Lizárraga last month. President Donald Trump appointed Mark…
Mark Cuban’s crypto confidence reflects a broader shift toward Bitcoin adoption. Known for his appearance on Shark Tank and his ownership of the Dallas Mavericks of the NBA, billionaire businessman Mark Cuban has once again made news by endorsing Bitcoin (BTC). Cuban recently stated, “I think it (BTC) has more value,” adding that he would prefer to own BTC than gold in the event of an economic meltdown. JUST IN: Billionaire Mark Cuban says he’d rather own Bitcoin than gold if something bad happens to the economy. “I think it has more value.” pic.twitter.com/RLle9SM6BK — Watcher.Guru (@WatcherGuru) January 8, 2025…
BTguru, a virtual and crypto assets provider in Turkey, has partnered with Chainlink to accelerate the adoption of tokenized securities by institutions. The partnership will leverage Chainlink (LINK)’s interoperability protocol,data feeds and proof-of-reserve technology, BTguru said in an announcement. As part of the integration, BTguru will incorporate Chainlink’s Cross-Chain Interoperability Protocol and other tech infrastructure into its digital asset solutions, working alongside Turkey-regulated financial institutions. You might also like: Turkey decides against taxing crypto profits this year The integration aims to address key challenges that institutions face when entering the tokenized assets market. BTguru plans to roll out this solution…
Howard Lutnick, the chairman of Cantor Fitzgerald and President Donald Trump’s pick for U.S. Commerce Secretary, was recently playing defense during another nomination hearing in front of Senate Democrats about the financial services giant’s investment in Tether, the company that issues the world’s largest stablecoin, USDT. Lutnick appeared before the Senate Committee on Commerce, Science, and Transportation on Jan. 29, the day after his testimony at the Senate Banking Committee. Cantor Fitzgerald serves as Tether’s primary custodian for U.S. Treasuries, manages a significant portion of its reserves, and holds convertible debt issued by Tether’s parent company. The nature of the…
World Liberty Financial, the Donald Trump-endorsed, and Justin Sun-advised crypto project, appears to be using artificial intelligence (AI) to generate a discussion post on its governance forum. The post in question is from November and is a discussion about the considerations of the initiative AAVE lending market that World Liberty intended to launch. The post also appears to make false claims. At one point it states that “Aave is not currently available on BNB Chain,” but this isn’t true. Aave launched on BNB Chain almost a year ago in February of 2024. AI models will often output “outdated” information because…
Ether (ETH), the second-largest cryptocurrency by market value, witnessed a significant spike in volatility early Monday as the renewed trade war between the U.S. and its trading partners triggered broad-based risk aversion in financial markets. The price of ether tanked as much as 24%, with considerable dislocations across centralized exchanges. On Deribit, the price hit a low of $2,065, compared with $2,127 on Kraken and $2,150 on Coinbase (COIN), the lowest the Aug. 5 crash, according to TradingView and CoinDesk data. According to CryptoQuant, the slide was the biggest since May 19, 2021. The token of the Ethereum blockchain fell…
As Bitcoin (BTC) bounces from the local bottom below $90,000, the cryptocurrency segment is recovering. Top-tier meme coins are recovering faster than their competitors, while some dog-themed cryptos are posting double-digit gains today. Dogecoin (DOGE) outshines all large-cap cryptos today Today, Jan. 14, 2025, Dogecoin (DOGE), the largest meme cryptocurrency, added over 11%, soaring from $0.31 to over $0.355. Dogecoin (DOGE) market cap spikes over $52 billion as the first meme coin becomes the fastest-growing asset in the top 25, CoinGecko data says. In the top 50 largest cryptocurrencies, Dogecoin (DOGE) is only outshined by veteran PoW coin Kaspa (KAS)…
A city in South Korea plans to launch its own virtual asset electronic seizing system next month to seize crypto assets belonging to tax evaders. According to South Korean media outlet Energy Kyungjae, the city of Gwacheon has announced that it will launch “its own electronic virtual asset seizing system.” The city regulators hope to use the IT solutions in the wider Gyeonggi Province to identify crypto wallets belonging to tax evaders living in the city in the near future. Using the new seizing system, Gwacheon City will mainly target 361 high-income citizens who have been identified for not paying…
Investors withdrew substantial amounts from the U.S.-listed spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) Wednesday as macroeconomic uncertainties cast a shadow over the cryptocurrencies’ price prospects. Eleven bitcoin ETFs recorded a combined net outflow of $582 million, marking the second-largest total since these alternative investment vehicles began trading a year ago, according to data from SoSoValue. The large outflow comes shy of the record withdrawal of $680 million on Dec. 19. Fidelity’s FBTC led the outflows, losing a record $258 million, with BlackRock’s IBIT bleeding $124 million. Ether ETFs bled $159.3 million, the largest tally since July 26,…
BounceBit plans to integrate real-world assets with CeDeFi through partnerships with Hashnote Labs and Google Cloud, expanding institutional infrastructure. The 2025 roadmap focuses on bridging Western tokenized assets with Asian liquidity, enabling stable settlements for institutional investors. BounceBit has officially unveiled its 2025 strategy, with a major focus on deploying BounceBit Prime in the first quarter. This service is meant to combine CeDeFi with Real-World Assets (RWA) to provide institutional investors a more effective settlement mechanism. They will even use Western tokenized assets—BlackRock’s BUIDL—to boost liquidity in Asia’s trading system. BounceBit 2025: Bridging Western RWAs with Asian liquidity infrastructure. All-weather…