Author: NBTC

Federal Reserve Governor Michelle Bowman is expected to be Donald Trump’s choice for Vice Chair for Bank Supervision, replacing Michael Barr, according to a WSJ report on Tuesday. Trump has yet to make an official announcement, but advisers have indicated to allies that Michelle is the leading candidate. Michelle, who has been on the Fed’s Board of Governors since 2018, was originally appointed by Trump and has a history in community banking and bank regulation. She worked at her family’s Kansas bank before becoming Kansas banking commissioner. The seat she currently holds at the Fed is specifically designated for someone…

Notable investor Stephen Weiss took profits from his Bitcoin position via BlackRock’s iShares ETF. Weiss, founder and managing partner at Short Hills Capital Partners, said on CNBC’s “Halftime Report” he booked profits from an investment in BlackRock’s iShares Bitcoin Trust. Weiss disclosed that his trading plan was always to sell a portion of his position when Bitcoin’s momentum cooled. Bitcoin was trading below $45,000 when the Securities and Exchange Commission approved a dozen spot Bitcoin exchange-traded funds. The cryptocurrency reached an all-time high of $108,786 on Jan. 20, more than doubling its price from the previous year. The U.S. Securities…

Attendees clapped and cheered when Paolo Ardoino, the public face of perhaps most influential company in crypto, entered the stage at the Cantor Fitzgerald Global Technology Conference in New York on Wednesday. Ardoino stood out from the crowd, not for his wealth but for his choice of attire. While others dressed to impress, he opted for a laid-back look — a light blue Ralph Lauren polo and gray khakis — despite likely having the deepest pockets in the room. “This is my first trip to America,” he started off saying. “It’s beautiful. I feel very welcomed.” Ardoino indeed avoided the…

A cryptocurrency trader, identified by the Solana wallet address “scouter.sol,” has suffered a staggering loss after investing in $GREED, a token associated with Barstool Sports founder Dave Portnoy. The trader initially purchased 8.12 million $GREED tokens for 1,344 $SOL, an investment valued at approximately $227,000 at the time of purchase. However, as of the latest market update, the value of this investment has plummeted to just $21,700, reflecting an unrealized loss of $205,000. When you fell for Dave Portnoy’s (@stoolpresidente) token named $GREED.This trader “scouter.sol” bought 8.12M $GREED for 1,344 $SOL, worth $227k. Currently, these $GREED are worth $21.7k, facing…

Once celebrated as Australia’s “crown prince of Bitcoin,” Sam Lee is now in a legal scoop with both the SEC and the DOJ. The blockchain entrepreneur, who co-founded the HyperVerse and HyperFund crypto investment schemes, is facing fraud charges from the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). Prosecutors accuse him of running a $1.89 billion Ponzi scheme that defrauded thousands of investors worldwide. https://twitter.com/business/status/1899108719519998341 The SEC alleges that Lee and his co-conspirators operated a multi-level marketing scam disguised as a high-return crypto investment. From June 2020 to November 2022, investors were lured in with…

Bitcoin (BTC) quickly bounced back from the Tuesday dip to $93,000, but downside pressure still persists risking a deeper pullback to $86,000, CryptoQuant analysts said. Waning demand, faltering blockchain activity and lack of liquidity inflows to crypto are among the factors that could drag BTC lower, the report said. Demand for bitcoin, which picked up in late 2024 amid optimism over easing regulatory headwinds on Trump’s election win, is now retreating. CryptoQuant data shows that demand growth slumped to 70,000 BTC recently from the 279,000 BTC peak on December 4. Inflows to spot BTC exchange-traded funds (ETF), a typical occurrence…

Ethereum (ETH) is facing a sharp correction, dropping 11% over the past week as bearish momentum continues to dominate. The Relative Strength Index (RSI) remains weak, showing a lack of strong buying pressure, while the Directional Movement Index (DMI) confirms that sellers are still in control. Additionally, the Exponential Moving Averages (EMA) are in a firmly bearish structure, suggesting that ETH could soon test critical support levels at $1,756 and potentially fall below $1,700 for the first time since October 2023. ETH RSI Shows the Lack Of Buying Pressure Ethereum Relative Strength Index (RSI) is currently at 34.4, recovering slightly…

Finance writer Linda P. Jones has disputed claims that demand for XRP Spot Exchange Traded Funds (ETFs) will be minimal if the U.S. Securities and Exchange Commission (SEC) approves them. Jones, who has extensive experience in the financial sector, argues that financial firms are filing for XRP ETFs with the SEC precisely because they expect strong demand. He said that XRP is the largest U.S.-based cryptocurrency and could even benefit from preferential tax treatment in the future. Drawing on his career at a major Wall Street firm, Jones explained that new financial products like ETFs are introduced only when firms…

Community Gaming, a blockchain-powered esports platform, launched its CGX token on Wednesday on Ethereum sidechain network Ronin, alongside its Forkast prediction markets platform that’s focused on video games and internet culture. Forkast, which is built around the CGX token, allows users to create and participate in prediction markets centered around gaming, streamers, esports events, and Web3 assets. The platform is integrated with Ronin’s Waypoint wallet to provide users with gasless transactions. Users can earn CGX tokens through weekly performance leaderboards, daily trading incentives, and gaming tournaments. Token holders can stake CGX to receive monthly platform credits, create new prediction markets,…

New evidence has emerged revealing the full extent of a South Korean civil servant’s scheme to embezzle $342,000 (497.16 million Korean won) in public funds for personal crypto investments, including vital flood recovery donations. Last December, the unnamed civil servant—dubbed Person A—was sentenced to five years in prison for embezzling city budget and public organization funds, with the case now under review in the High Court, where the ruling may be extended or overturned. While the official’s embezzlement activities took place over six years, from November 2018 to May 2023, the full scope of the crimes—including the flood donation fund…