Author: NBTC
This is a segment from the Empire newsletter. To read full editions, subscribe. There are three certainties in crypto life. Hacks, taxes and memecoins tied to every mildly interesting aspect of pop culture. So, with social media enjoooyers in the US preparing for a potential life without TikTok, it’s no surprise that there’s already a memecoin. The Supreme Court is currently mulling a bipartisan bill passed last year that would force TikTok’s owner — the Chinese tech giant ByteDance — to sell the app to a US company by Jan. 19, citing national security concerns around influence and spying. It…
A top cryptocurrency analyst and trader is warning that Bitcoin (BTC) may plummet if it loses one key level to the downside. The analyst pseudonymously known as DonAlt tells the 65,100 subscribers of the Technical Roundup YouTube channel that Bitcoin could correct more than 13% from its current value. However, he warns if Bitcoin cannot hold $80,000 as support, a bearish trend may persist. “It would be good if [Bitcoin] held $95,000. If not, and if all of this breaks down, you’re basically out of luck in terms of support. And then you have to look in here for new…
Galaxy Digital (GLXY), the cryptocurrency trading company helmed by Mike Novogratz, is bringing its blockchain staking capabilities to regulated custody specialist BitGo Trust, despite the legal spat between the two firms. It makes sense to play nice: The deal brings Galaxy’s staking and validator services, which handle over $4 billion billion in staked crypto assets, to BitGo’s institutional custody clientele, enabling investors to earn staking rewards while also using the assets as collateral for loans and trading on Galaxy’s platform. Galaxy abandoned a deal to acquire BitGo in early 2023, which saw the custody firm file a $100 million lawsuit…
New York – The Decentralized AI Society (DAIS) has announced that Hedera, NEAR Foundation, and Secret Network Foundation have joined the alliance, marking a significant milestone for decentralized AI (DeAI). This expansion highlights the growing interest and importance of decentralized AI systems, with each new member bringing essential contributions to the ecosystem.—The addition of Hedera, a leader in enterprise-focused distributed ledger technology (DLT), NEAR Foundation, which has made notable strides in AI integration, and Secret Network, specializing in confidential computing, strengthens DAIS’s mission to combat the centralization of AI by Web2 giants and ensure an open, transparent AI economy.A Stronger…
The Bitcoin world is buzzing with potential changes, especially with former President Trump’s plan for Bitcoin reserves. Crypto experts like Anthony Scaramucci are keeping a close eye on this, as Trump could introduce his first executive order soon, possibly including Bitcoin reserves alongside pro-crypto policies. However, Bitcoin is currently facing a rough patch, trading around $92K after dipping below $100K, partly due to skepticism about Trump’s crypto promises and a hawkish FOMC meeting. When Will The Bitcoin Strategic Reserve Get Passed? Trump’s plan for Bitcoin reserves suggests that the U.S. government could hold significant amounts of Bitcoin as part of…
Following Donald Trump’s election, Singapore’s wealth managers have begun allocating vast amounts of capital to crypto investment. According to Gerald Goh, CEO of Sygnum, a Singapore-based virtual asset banking group, Trump’s re-entry has had an electrifying effect on cryptocurrencies and crypto-related companies, leading to a mad scramble for rich Asian investors who are now allocating larger portions of their portfolios to digital assets. In an interview with Nikkei Asia, Goh revealed that his firm’s onboarding rate for new clients “probably doubled or tripled” in the week following Trump’s victory. Giving a wider overview over prevailing market sentiment in Singapore, he…
Justin Sun, founder of TRON blockchain, announced today that USDD 2.0 will offer a 20% annual percentage yield (APY), fully subsidized by TRON DAO. USDD 2.0 is about to launch with a 20% APY, fully subsidized by @trondao . All interest will be sent in advance to a transparent address. There’s no other reason—it’s simply because we have plenty of money. So, stop asking me questions like “where does the yield come from.” — H.E. Justin Sun 🍌 (@justinsuntron) January 15, 2025 “All interest will be sent in advance to a transparent address. There’s no other reason—it’s simply because we…
On Dec. 30, 2024, an education tech company, Genius Group Ltd, bought $10 million worth of Bitcoin. The company aims to convert 90% of its funds to BTC. Lately, more and more companies around the world have chosen Bitcoin as the prime asset in the corporate treasury. Table of Contents Genius Group Bitcoin reserve Corporate Bitcoin reserves as the new trend Genius Group Bitcoin reserve While many countries are working on strategic Bitcoin reserve proposals, private and public companies purchase bitcoins to create their corporate treasuries. Over one million bitcoins are held in corporate treasuries of private and public companies.…
Feb 4 (Reuters) – PayPal (PYPL.O), opens new tab forecast full-year profit above estimates on Tuesday, fueled by a push to revive growth in branded products, improve pricing and sharpen cost-cutting efforts, sending shares of the digital payments giant up 5% in premarket trading. Since taking over in late 2023, PayPal CEO Alex Chriss has focused on high-margin products and touted ‘profitable growth’ as the company’s new strategy. PayPal has since revamped its pricing approach and shifted away from chasing revenue acceleration. The upbeat outlook will likely ease investor worries about increasing competition from big-tech giants and fintech rivals such…
Jupiter, the Solana-based decentralized exchange aggregator, launched an airdrop checker allowing users of its products to view their eligibility ahead of the upcoming “Jupuary” airdrop. Designed to “grow the pie” and bring more users into the Jupiter ecosystem, the Jupuary airdrop event will reward the community with 700 million JUP tokens, more than $575 million worth at current prices. The 700 million JUP tokens are broken into three categories of recipients, led by “users,” a category defined by those gaining value from Jupiter products, most notably token swaps. This category of community members will receive 440 million of the JUP…