Author: NBTC
Paul Atkins was picked by Donald Trump in December 2024 as the replacement for Gary Gensler as U.S. SEC chair. Due to bureaucracy-related delays, Atkins has yet to begin work. However, a recently published financial disclosure ahead of his confirmation hearing reveals a notable detail, Atkins is an avid crypto investor. Gensler’s tenure at the Securities and Exchange Commission was marked by an antagonistic approach toward crypto businesses. Many major companies were sued, and digital assets were broadly treated as unregistered securities, making it difficult for U.S. firms to engage with crypto without legal risks. Read more: Gary Gensler’s political…
Iowa lawmakers have introduced House File 246 (HF 246), a bill that would allow the state treasurer to invest up to 5% of public funds in digital assets with a market capitalization exceeding $750 billion, as well as precious metals and stablecoins. The bill, sponsored by Representative Collins, specifies that investments can be made using money from the general fund, the cash reserve fund, and the Iowa economic emergency fund. Latest Bitcoin Reserve Bills in U.S. Under the proposed legislation, Bitcoin qualifies as an eligible investment, given its market capitalization surpasses the $750 billion threshold. If passed, Iowa would join…
As per a recent disclosure, a report by the Korean government’s Public Officials Ethics Committee shows that a significant number of public officials are embracing cryptocurrency. On 27th March, the Korean government’s Public Officials Ethics Committee released the regular updates on public officials’ assets for 2025. According to the Korean Cultural Daily, 411 out of 2,047 public officials (about 20.1%) hold cryptocurrency, with a total value of 14.4 billion won (around $9.8 million). Notably, two out of 10 high-ranking public officials held virtual assets and the average holding per person was found to be 35.07 million won. Seoul City Councilor…
Melea is being accused by Stakewiz, a validator monitoring service, of unethical practices. According to a tweet from Solana validator Stakewiz, “MEV rewards now account for ~4% of the 11-12% APY stakers on Solana can earn.” The tweet explained that Solana stakers attached to validators with an MEV commission of 100% are being cheated out of almost 40% of the total rewards they should have earned. The drama goes back to the end of 2024 when Melea faced accusations from the Atlas staking team who accused them of misleading advertising by claiming a 0% commission rate, which is technically impossible…
The U.S. Congress’ opening priority for the crypto industry is to quickly finish a stablecoin oversight bill, and the House of Representatives has released the text of its version on Wednesday, following in the heels of a recent committee approval of its Senate counterpart. The House version, introduced by Rep. Bryan Steil, who leads the House Financial Services Committee’s crypto panel, and Rep. French Hill, the Republican chair of the overall committee, governs the way companies can issue dollar-denominated digital tokens. The new version will “close the gap” between the House efforts and the Senate version of the bill, Steil…
Missouri Representative Ben Keathley has introduced House Bill 1217, a legislative proposal that would establish a state-managed Bitcoin Strategic Reserve Fund. The bill, presented in the 103rd General Assembly, outlines the state’s authority to invest in, hold, and utilize cryptocurrency for various governmental transactions. Inside Missouri’s Bitcoin Bill HB 1217 mandates the creation of a Bitcoin reserve fund, with the Missouri state treasurer acting as its custodian. According to the bill, all Bitcoin collected under the reserve program must be held for a minimum of five years before it can be transferred, sold, or converted to another cryptocurrency. Unlike Missouri…
TradFi giant Northern Trust (NTRS) will provide custody and cash management services for trade finance focused stablecoin issuer Haycen, the company said in a press release Thursday. Northern Trust Asset Servicing will be responsible for providing Haycen with global custody services for its client fiat deposits, and Northern Trust Asset Management will provide cash sweep services, the company said. Stablecoins are cryptocurrencies whose value is tied to another asset, such as the U.S. dollar or gold. They play a major role in cryptocurrency markets and are also used to transfer money internationally. Haycen is a trade finance digital payments provider,…
The altcoin industry has been solving the decentralization aspect of the blockchain trilemma for the past years. With the scalability and security aspects having been solved through layer one and layer two chains, the distribution of altcoins to achieve higher decentralization has been a work in progress in most projects. The use of play-to-airdrops (P2A) has gained significant momentum in the GamiFi sector. However, the control of altcoin projects by whale investors remains evident in most tokens. Shiba Inu Leads in Whale’s Control According to on-chain data analysis by Santiment, Shiba Inu (SHIB), the leading memecoin on the Ethereum (ETH)…
WASHINGTON, D.C. — Unicoin CEO Alex Konanykhin said he’s asked the U.S. Securities and Exchange Commission to pull its investigation against the crypto operation and hasn’t yet received a response. Unicoin represented a final shot against the industry from previous Chair Gary Gensler’s SEC, which informed the firm in an official notice late last year that the regulator intended to accuse it of fraud, deceptive practices and handling unregistered securities. The investigation was announced in the final days of President Joe Biden’s administration in December, before the SEC’s leadership was taken over by those selected by crypto fan President Donald…
As Canada prepares to vote, Coinbase is calling on the next government to take crypto seriously, warning that without clear regulations, the country could lose its competitive edge. As Canada approaches a federal election, the country’s crypto future hangs in the balance, with Coinbase‘s Canadian country director Lucas Matheson warning that while the country has been a leader in the industry, it risks falling behind and becoming less integrated into the global digital economy. In a Wednesday blog post, Matheson pointed to an estimated five million Canadians who already hold crypto, saying that “86% of Canadians agree their financial system…