Author: NBTC
Sen. Elizabeth Warren (D-MA), a prominent crypto skeptic, said Wednesday she wants to work with President Donald Trump and Senate Republicans to end the practice of debanking. It demonstrated a marked change in tone on crypto during a Senate hearing focused on allegations that major banks have routinely denied services to industry leaders. “Debanking is a real problem,” Warren, the top Democrat on the powerful Senate Banking Committee, said during the hearing. “This shouldn’t be happening, and we need to figure out why, and who is responsible.” That assertive stance may have come as a surprise to some in the…
Fuse Network and QuickNode, a leading provider of Web3 infrastructure, have partnered to create a layer-2 (L2) network for business applications. The Polygon Chain Development Kit (CDK) and QuickNode Rollups were used in the creation of this project, which attempts to improve blockchain efficiency and scalability, especially for payment solutions. The partnership combines the modular rollup framework of Polygon, the Web3 payment technology of Fuse and the enterprise-grade infrastructure of QuickNode. The outcome is the first business-oriented L2 on Polygon CDK, which is intended to reduce expenses, increase accessibility and speed up transactions for decentralized finance (DeFi) solutions. Using layer-2…
Earlier this week, a Reddit post sparked a thoughtful discussion about artificial intelligence (AI) potentially adopting bitcoin in the era of artificial general intelligence (AGI). The conversation revolved around the idea that, as AI matches or surpasses human-level intelligence across a wide array of tasks, it might naturally turn to bitcoin as the leading cryptocurrency. Below, we explore why many individuals believe autonomous systems may choose bitcoin as their medium of exchange. How Sentient AI Could Redefine Economic Paradigms We find ourselves in an era where AI is advancing at an extraordinary pace, mirroring the growing integration of cryptocurrencies such…
Decentralized finance markets are approaching a critical inflection point as pro-crypto policy frameworks unfold under the Trump administration, according to a comprehensive BitMEX research report examining industry trends for 2025. The report attempts to make a case for how regulatory clarity could gradually reduce legal headwinds for both established players and newcomers. “The current environment appears more receptive to innovation than in previous years,” notes the BitMEX report released late January. BitMEX’s outlook uncovers how shifting regulatory stances and increasing institutional interest could spark a “new growth phase” for DeFi—one that requires careful consideration to balance out innovation with compliance.…
Historically, Tether’s USDT has dominated the cryptocurrency market as the primary source of crypto liquidity. However, data cited by on-chain tools have noticed an apparent shift in trader preferences as USDT loses some of its market grip to Circle’s USDC and Binance’s FDUSD. Tether’s closest competitor, Circle, has a lot of catching up to do on USDT. Its USDC stablecoin is still almost $100B behind the leader in the category. Then there’s FDUSD, the stablecoin that steps into the void left by BUSD’s collapse, which has also enjoyed rapid acceptance as a reliable USD-pegged stablecoin in high-volume BTC markets. Trading…
As U.S. senators prepared to gather for a hearing about U.S. debanking of crypto clients, the interim chief of the Federal Deposit Insurance Corp. said his agency is overhauling its digital assets supervision and revealed more correspondence on Wednesday in which FDIC officials steered banks away from cryptocurrency business. Travis Hill, the acting FDIC chairman tapped by President Donald Trump, has thrown open more of the agency’s past documents and said the U.S. banking regulator will be reconsidering its previous crypto guidance that deliberately kept banks an arm’s length away from what had been seen as the unregulated volatility of…
Leading global cryptocurrency exchange Binance has announced support for the upcoming network upgrades and hardforks for Terra (LUNA), Kadena (KDA), and Sei (SEI). Binance Will Support Network Upgrades and Hardforks of Terra (LUNA), Kadena (KDA), and Sei (SEI) This move is part of Binance’s ongoing commitment to providing a seamless user experience during critical blockchain updates. Basic Details of Network Upgrades Terra (LUNA) Network Upgrade and Hardfork Block Height: 14,154,000 Scheduled Time: February 4, 2025, 19:00 Impact: Deposits and withdrawals will be suspended from 18:00, one hour before the upgrade. Kadena (KDA) Network Upgrade and Hardfork Block Height: 5,555,698 Scheduled…
HIVE Digital Technologies, the publicly listed Bitcoin miner from Wall Street (NASDAQ: HIVE), announced its January production results alongside a significant expansion into Paraguay. Despite the overall slowdown in the industry and a decline in production reported by other miners, HIVE managed to maintain its levels from late 2024. The blockchain infrastructure provider mined 102 Bitcoin in January while maintaining an average hashrate of 5.7 Exahash per second (EH/s). The company’s Bitcoin holdings reached 2,657 BTC, valued at approximately $271 million at month-end, reflecting a 34% increase year-over-year. HIVE’s January operations maintained strong efficiency metrics, achieving an average daily production…
Two venture-backed veterans of crypto’s data storage subsector, Textile and 3Box Labs, the builder of Ceramic, have merged in an all-stock deal, CoinDesk has learned. The companies will operate under Textile’s brand and retain their staff and data infrastructure- focused product lines. Textile CEO Andrew Hill will head the merged organization. Self-described “friendly competitors,” Textile and 3Box Labs raised funds from the same VC firms and offered overlapping products, 3Box Labs co-founder Michael Sena said. Between them, the companies have raised at least $42 million since 2019. “We came to the conclusion that the future we’re building toward is an…
Michael Saylor, Bitcoin evangelist and MicroStrategy’s executive chairman, who co-founded that company, has taken to his account on social media platform X to share a new daily message with the BTC community. “Bitcoin is the right move,” Saylor says Saylor published an AI-generated image of himself with Bitcoin attributes — an orange (the color of BTC) tie with physical BTC coins slightly blurred in the background. Aside from them, there are also some chess pieces there, which is why Saylor’s message to the crypto community has the flair of a game of chess. His tweet states, “Bitcoin is the right…