Author: NBTC

A Texas federal judge has put the brakes on the US Securities and Exchange Commission’s (SEC) case against Geosyn Mining LLC, a Bitcoin mining and hosting company, after federal prosecutors filed criminal charges against three of its executives. CEO Caleb Ward, COO Jeremy McNutt, and former sales manager Jared McNutt are accused of misusing customer funds and spending investor money on personal luxuries instead of mining equipment. The ruling came after Ward and Jeremy McNutt turned themselves in on Thursday and appeared in court over the impending indictments. Prosecutors allege that Geosyn executives engaged in wire fraud, running what appeared…

Crypto.com is standing out as the fastest-growing centralized exchange (CEX) of 2024. They’ve seen trading volume jump significantly. According to a new CoinGecko report, the platform achieved an incredible 969.7% growth. Their annual trading volume shot up from $120.6 billion in 2023 to a massive $1.29 trillion in 2024. This milestone means the exchange has now surpassed the $1 trillion mark for the first time. While other exchanges also grew, none grew as quickly as Crypto.com. Related: Centralized Exchanges vs. Self-Custody: Which is Safer for Your Crypto? Binance Still Leads CEX Market Even with market share shifting a bit, Binance…

Will Bitcoin (BTC) continue its price recovery this week and surpass the $100,000 level? As the crypto market shifts toward a bullish sentiment in January 2025, Bitcoin is steadily approaching the $100,000 milestone. With a 1.42% surge in the past 24 hours, Bitcoin is maintaining dominance above the $96,000 level. However, this gradual growth has not received significant institutional support from the ETF market. With BlackRock registering its largest-ever outflow, will the Bitcoin price continue its upward momentum? Bitcoin Price Analysis In the 4-hour chart, the BTC price trend reveals a bullish breakout of the local resistance trend line. With…

Elon Musk’s Department of Government Efficiency (D.O.G.E.) is officially operating with the approval of U.S. regulators, but its aggressive cost-cutting tactics are fueling backlash across Washington. While the administration claims the initiative has uncovered billions in fraudulent government spending, watchdog groups, state officials, and federal employees are now pushing back—some through lawsuits targeting Musk himself. Watchdogs say D.O.G.E. exposes waste but politicizes the issue For decades, government oversight experts have warned about waste, fraud, and abuse in federal spending, frustrated that Washington has ignored the problem. When President Donald Trump put Elon Musk in charge of fixing it, many hoped…

Cryptocurrency exchange Bitget has received a Virtual Asset Service Provider (VASP) in Bulgaria. This was the fifth European license Bitget had received and has brought it one step closer to Markets in Crypto-Assets (MiCA) licensing. With its new license from Bulgaria’s National Revenue Agency, Bitget will be able to facilitate crypto trading, asset transfers, custodial solutions, public offerings, and wallet services. Bitget is looking to get from VASP to CASP “The successful application of the VASP license in Bulgaria is a part of Seychelles-based Bitget’s expansion strategy to serve users across the European Union,” Bitget chief legal officer Hon Ng…

While MicroStrategy continues to make a name for itself with its Bitcoin (BTC) purchases, Japan-based Metaplanet is also on its way to becoming Asia’s MicroStrategy. As Metaplanet increases its BTC purchases, the company’s CEO Simon Gerovich made important statements at Michael Saylor’s New Year’s Eve Party in Miami. Gerovich said that the US’s plans to create a Bitcoin reserve have set off an international race. The famous CEO said that he believes that Japan and other Asian countries will follow the US if US President-elect Donald Trump implements his plan to establish a national Bitcoin reserve. Stating that Japan’s debt…

As AI crypto-tokens continue to gain market attention, a whale has spent massive thousands of dollars to buy these new tokens. ZAILGO, MAX, and PRISM are increasingly getting the market spotlight, an indicator that they may see a massive bull run in 2025. Whale buys new AI tokens Today, January 7, a whale has taken bullish positions in the Zailgo (ZAILGO), MAX (Max), and Prism (PRISM), according to data shared by crypto analyst AI. The whale withdrew 2,190 Solana tokens (worth $473,000) from OKX and consequently bought the tokens. According to the metrics, the trader spent $259,100 to buy ZAILGO…

Argentine lawmakers are pushing to impeach President Javier Milei after a crypto scandal wiped out hundreds of millions of dollars in investor funds overnight, according to a report from Reuters. President Javier, who has made free-market policies his entire brand, posted an endorsement for a meme coin, $LIBRE, on X (formerly Twitter) late Friday night, and the coin immediately surged to nearly $5 per token from just $0.006, drawing in eager buyers. Just six hours later, its value collapsed to $0.84, triggering outrage and accusations of a rug pull. The fallout was immediate. So now, Congressional opposition leaders, already critical…

The largest crypto exchange Binance (BNB) has decided to incorporate token unlock schedules while showing market cap statistics on all tokens listed. This change is set to enhance trading experience by improving transparency, the team said in a statement. Binance (BNB) now considers token unlock schedules while showing market caps Binance (BNB) cryptocurrency exchange announced a radical adjustment of its token information methodology. Starting Feb. 14, 2025, it considers token unlocks data while demonstrating the aggregated token capitalization and net worth of its liquid supply. We’re enhancing our token information methodology by incorporating token unlock schedules. This means better transparency…

In just two hours there were two enormous transactions on the Bitcoin blockchain that totaled over $380 million garnering. Whale Alert reports that 1,481 BTC ($142.8 million) and 2,481 BTC ($239.2 million) were transferred from unidentified wallets to new equally unidentified locations. Whether it is market preparation, extensive investment activity or internal restructuring, such movements frequently spark conjecture about their motivations. A total of 1,481 Bitcoin was transferred to a new wallet address in this transaction, which was worth $142.08 million. The transaction’s nature raises the possibility that it was made for cold storage or the creation of a new…