Author: NBTC
The CFTC is reportedly restructuring its enforcement division in a major overhaul that is expected to put to an end regulation by enforcement. This is also expected to restore market integrity, enabling the agency to utilize its resources to limit fraud, manipulation, and abuse. The CFTC believes that structuring will help enhance consistency, fairness, and due processes, and prevent agency overreach. 🚨SCOOP: The @CFTC is set to imminently announce a restructuring of its enforcement division in an effort to end the practice of so-called regulation by enforcement and better utilize agency resources to prevent fraud, manipulation and abuse and ensure…
Kalp, as the prominent provider of permissioned cross-chain ecosystems, established a substantial partnership with CrossFi Chain that manages seamless transitions between fiat currency and cryptocurrency. Through their collaborative efforts, the companies work to improve financial inclusivity by delivering maximum fund management accessibility, complete fund visibility, and full user control for all funds. 🚀 Partnership Announcement! 🚀We’re thrilled to announce our partnership with @crossfichain! 🎉CrossFi Chain is a groundbreaking blockchain that seamlessly bridges fiat and #cryptocurrency. Featuring non-custodial payment technology, users maintain full control over their… pic.twitter.com/O99I3s4cax — Kalp (@Kalp_Official) February 4, 2025 Empowering Financial Freedom CrossFi Chain operates through its…
For the outside world, bitcoin (BTC) dropping $10,000 to $92,000, in a matter of days could signal the end of the bull run. A caveat to this could be that bitcoin continues to consolidate below a key psychological $100,000 threshold. Unconfirmed reports from DB News suggest that the Department of Justice (DOJ) has been given the authority to liquidate 69,370 BTC ($6.5 billion) seized from the Silk Road marketplace. The report comes just 11 days from President-elect Donald Trump’s inauguration. Trump has vowed not to sell any of the 187,236 BTC that is still in possession by the U.S. government,…
With sellers dominating the Ethereum price trend, is below $2,000 a potential drop point in this market crash? Amid $2.25 billion in broad market liquidations, Ethereum took a hit of $608.39 million. This massive liquidation led to a nearly 15% drop in Ethereum’s market price over the past 24 hours, with a 24-hour low at $2,118. Will Ethereum continue its downward trend in this sloping market? Let’s explore. Ethereum Price Drop Breaks Key Support Levels On the daily chart, Ethereum’s price action shows three consecutive bearish candles, with the most notable being a nearly 24% drop from a high near…
As FTX prepares to begin repaying its creditors nearly three years after its dramatic collapse, industry leaders are reflecting on the significant lessons learned. FTX, once a towering presence in the cryptocurrency market, is set to start its first wave of reimbursements on February 18, 2025, focusing on claims under $50,000. This milestone offers some relief to those impacted by the collapse, but it also serves as a reminder of the devastation caused by one of crypto’s most notorious bankruptcies. During a recent press conference, David Sacks, the “Crypto Czar,” addressed the future of digital assets and the importance of…
Whether the market has finally reached its bottom has come into question in light of Bitcoin’s recent decline to $93,224. Though the strength of this support will be determined in the next few hours, indications of demand are beginning to appear due to notable changes in the Binance spot order book during the sell-off. Major bids at $90,000 were moved up to buy at $93,000 during the decline, indicating that buyers were willing to withstand selling pressure at higher prices. Additional bids were made nearer $92,000, suggesting that purchasers were keen to avoid a further decline and benefit from lower…
Sony’s blockchain platform Soneium has launched its first-ever music NFT collection, featuring unreleased tracks from Tokyo-based producer NUU$HI in collaboration with Web3 label Coop Records. The collection, hosted on Sonova, Soneium’s NFT marketplace, is priced at 0.000777 ETH ($2.11), running until the end of the month, with approximately 124 out of 999,999 NFTs minted so far. Soneium, an Ethereum Layer-2 blockchain developed by subsidiary Sony Block Solutions Labs, has positioned itself as a platform for digital content distribution, though adoption remains in its early stages. Meanwhile, Coop Records, founded by crypto entrepreneur Cooper Turley, has previously brought over 600 songs…
Ethereum price crashed to a key support level on Monday, increasing the risk of further downside after invalidating a crucial bullish chart pattern. Ethereum (ETH) dropped to a low of $2,146, its lowest level since August last year. It has declined by approximately 40% from its December high. Ethereum price invalidates inverse H&S pattern The weekly chart shows that Ethereum has formed two distinct patterns in recent months. First, it developed a triple-top formation around the $4,000 level, struggling to break above that point since March last year. A triple-top is a well-known bearish signal, often leading to further losses…
Versan Aljarrah, founder of Black Swan Capitalist, shares a bold new perspective on XRP, the third-biggest crypto asset. In a recent tweet, Aljarrah asserted that holders of XRP are not simply investing in a cryptocurrency. According to him, they are safeguarding a critical asset that serves as a “key” to the future of the global financial system. “You’re not just holding a crypto asset with XRP; You’re holding a key to the new financial system,” Aljarrah said. “XRP Represents More Than Just Wealth” His statement suggests that XRP could play a crucial role in the evolution of global finance. He…
Malaysia is pushing to fast-track its digitalization, tapping local service providers to build a national blockchain infrastructure. MIMOS Berhad, an agency under the Ministry of Science, Technology and Innovation (MOSTI), has partnered with local Web3 firm Masverse for the initiative, signing a Memorandum of Understanding (MoU) to advance the state of Web3 for the Southeast Asian nation. A cursory look at the MoU reveals an intention to integrate Masverse’s MasChain, a layer 1 distributed ledger, as the foundation for the country’s Web3 objectives. Rather than focus on mainstream offerings, the ledgers appear tailored to the country’s peculiarities, keen on “efficiency,…