Author: NBTC
In an exclusive interview with crypto.news, Bitstamp US chief executive shares his view on how MiCA could pave the way for similar regulatory frameworks in the U.S. The European Union’s landmark regulation for the increasingly high-profile crypto sector came into full force in late December 2024. The Markets in Crypto-Assets Regulation — simply known as MiCA — is a set of rules designed to regulate the crypto market across E.U. member states. For example, it requires crypto businesses to get licenses to operate throughout the E.U., sets up rules to protect consumers, and lays out how stablecoins should be issued.…
Bitcoin, currently priced at $98,309, commands a market capitalization of $1.94 trillion with a 24-hour trading volume of $19.92 billion. It has fluctuated within an intraday range of $97,292 to $98,626, presenting a pivotal moment for its trajectory. Bitcoin On the 1-hour chart, bitcoin probes the $98,000 resistance level after rebounding from $97,277. Bullish candles hint at upward momentum, but diminished volume tempers expectations of a decisive breakout. Traders are left to watch whether this resistance will hold firm or give way, potentially settling near $97,000. The immediate trend leans positive, though a palpable hesitancy surrounds the approach to these…
Federal Reserve Chair Jerome Powell has signaled that it may be time to reassess banking regulations amid growing concerns that the cryptocurrency sector is being unfairly excluded from financial services. Powell’s comments came at a hearing today of the Senate Banking Committee. During the hearing, Committee Chairman Tim Scott asked Powell whether financial regulations create undue burdens on businesses and whether lawmakers would commit to working together to address potential overreach. “I am committed to working with you on this, trying to avoid overreach,” Powell responded. “Frankly, I think it would be fair to take a fresh look at debanking.”…
Bitcoin (BTC) market trends indicate expectations for prices to reach record highs following President-elect Donald Trump’s inauguration on Jan. 20. On Saturday, a trader on crypto exchange Deribit spent over $6 million to purchase the $100,000 strike call options set to expire on March 28, according to data source Amberdata. “This trade anticipates that new highs for bitcoin will be broken just a few months after Trump officially takes office,” Amberdata said on X. Traders are also net buyers at the $120,000 strike, indicating strong anticipation of a rally pushing prices above that level. The $120,000 call is the most…
Tether, the firm behind the world’s most dominant stablecoin, is steadily expanding its operation to incorporate artificial intelligence (AI), with a unique interest in filmmaking. The company has recently ventured into commodity lending and made a $775 million investment in the online video platform Rumble. In an email , Paolo Ardoino, the chief executive officer, confirmed the move. He said: “AI-based roles, particularly in filmmaking, bring unique advantages that align with Tether’s vision of innovation and efficiency, from scale to speed and cost being a few examples.” – Paolo Ardoino The CEO added that artificial intelligence is a significant focus…
A Maryland federal judge ordered the rearrest of prominent Supreme Court attorney Thomas Goldstein on Monday, following an earlier release on bail. Goldstein, who faces a criminal tax evasion case for “concealing millions of dollars in cryptocurrency transactions from the IRS,” had been involved in “misconduct” that spanned “more than half a decade,” the case file reads. Federal prosecutors later claimed that he showed “urgent risk of flight,” given his connections to “wealthy individuals.” The prosecutors urged Chief U.S. Magistrate Judge Timothy Sullivan to revoke Goldstein’s bail, citing violations of pretrial release terms. Win some, lose some Prosecutors alleged that…
The latest on-chain analysis shows that MKR and AAVE are attracting impressive attention from cryptocurrency investors. Data from Lookonchain spotted a whale who accumulated significant amounts of Maker and Aave tokens from Binance today. Whale buys Maker and Aave Today, January 9, Lookonchain posted data on the X platform that the crypto whale withdrew 1,186 MKR (worth $1.75 million) and 1,987 AAVE (worth $563,000) from Binance. A whale withdew 1,186 $MKR($1.75M) and 1,987 $AAVE($563K) from #Binance 1 hour ago.https://t.co/h3JlBaH37T pic.twitter.com/zaoyDKY1fG — Lookonchain (@lookonchain) January 9, 2025 This gigantic transaction of Maker and Aave happened during a period when the broader…
The president of the United States, Donald Trump signed an executive order regarding the FCPA on Monday. He directed the Justice Department to temporarily suspend the prosecutions of Americans accused of bribing foreign government officials while trying to win or retain business in their countries. The law has been in place since 1977 and has cost many business owners a lot, even landing some in jail. One publicly chronicled case was Tigran Gambaryan’s experience with the Nigerian government, who wanted a pound of flesh from Binance and held him “hostage” because he did not meet their demands. More about the…
Bitcoin now ranks as the sixth-largest monetary asset to signal the rising influence of cryptocurrencies in finance. With BTC once again approaching the 100K mark, in the latest released report, it has surpassed the UK and silver in global market value. #Bitcoin became the 6th largest monetary asset globally.It was a long journey, but worth it…#cryptocurrency#btc pic.twitter.com/ColaWM4Lg0 — Crypto Patel (@CryptoPatel) January 6, 2025 A Comparison of Top Global Assets Currently, Gold holds the top spot as the most valuable asset globally, with a market value of $16.20 trillion. Major economies like the United States and China follow, valued at…
According to data provided by Whale Alert, a popular service that tracks abnormally large cryptocurrency transactions, San Francisco-based enterprise blockchain company Ripple recently sent a total of $682 million worth of XRP to an unknown wallet. This is the first major transfer conducted by the company since Dec. 21. Back then, it sent more than $200 million XRP within two transactions. The most recent transfer dwarfs the amount of XRP the company sent throughout the entire month of December. As reported by U.Today, Ripple CEO Brad Garlinghouse recently confirmed that the company owned more than $100 billion worth of XRP…