Author: NBTC
The stablecoin market is seeing new players make bold moves, signaling an intense shift in the competitive landscape. As the demand for stable and secure digital assets grows, new entrants like Sam Altman’s Worldcoin and former President Donald Trump’s Liberty coin are preparing to redefine the space. These projects aim to offer alternative solutions to the existing stablecoins, hoping to win over investors and users looking for more trustworthy and reliable options amidst regulatory scrutiny and market volatility. Stablecoins, digital currencies typically pegged to stable assets like the U.S. dollar, have become essential in the world of cryptocurrency trading, acting…
A major SOL transfer in recent hours has caught the attention of the crypto community. The transaction, which occurred between two unknown wallets, saw 1,190,645 SOL moved at a go, sparking speculation. According to Blockchain data tracker Whale Alert, “1,190,645 SOL worth $242,492,804 was transferred from unknown wallet to unknown wallet.” 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 1,190,645 #SOL (242,492,804 USD) transferred from unknown wallet to unknown wallethttps://t.co/HHkhSnaEpk — Whale Alert (@whale_alert) February 4, 2025 Although the exact reason for the move remains unknown as well as the identity of the wallets, several explanations might be…
South Africa’s financial services industry watchdog has issued a warning against unlicensed crypto trading firms accused of soliciting public funds while promising unrealistic returns of up to $542 per day. Unlicensed Crypto Firms Use Celebrity Names to Promote Offerings South Africa’s financial services industry watchdog, the Financial Sector Conduct Authority (FSCA), has issued a public warning regarding two unlicensed crypto firms, Afriinvest and Mutualwealth. The FSCA alleges that the two entities are soliciting funds from the public for investment purposes while promising unrealistic returns. The warning stems from reports that Afriinvest and Mutualwealth are guaranteeing returns as high as $542…
The last quarter of 2024 was a positive time for BTC miners, says H.C. Wainwright analysts, with potential volatility ahead. Bitcoin miners saw significant growth in Q4 2024 as Bitcoin (BTC) crossed $100,000 for the first time, driven by increased institutional adoption and optimism following Donald Trump’s pro-crypto presidential election victory, according to an H.C. Wainwright analyst speaking with crypto.news. BTC peaked at $106,144 in mid-December before closing the quarter at around $93,400, marking a 48% gain from Q3. The price surge, coupled with record-breaking ETF inflows, contributed to robust earnings for miners. Spot Bitcoin ETFs attracted $16.7 billion in…
Fidelity Investments rolled out a retirement plan that invests directly in crypto on Thursday, giving investors another method for tapping this asset class. The brokerage firm offers bitcoin (BTC), ethereum (ETH) and Litecoin (LTC) to any U.S. citizen over the age of 18. The assets are custodied by Fidelity and held in a cold wallet. The crypto IRA product has no fees, and customers can invest in a Roth IRA, traditional IRA or rollover IRA, according to Fidelity’s website. The new product comes as financial advisors are increasingly offering crypto to their clients. A survey by TMX Vetta Fi recently…
A rather rare anomaly recently stunned the on-chain realm behind the scenes of Shiba Inu token SHIB. Thus, as became known thanks to data from IntoTheBlock, the number of outflows from the wallets of meme cryptocurrency whales in the last 24 hours totaled 6.51 trillion SHIB. Considering that the day before, this figure was 967.25 billion SHIB, we can say that the increase is worth 673% in the course of just one day. What is even more amazing is that the number of inflows to these addresses amounted to the same amount of about 6.51 trillion SHIB. Such an event…
Japan’s Financial Services Agency (FSA) is set to amend the Financial Instruments and Exchange Act to officially classify cryptocurrency assets as financial products and introduce new insider trading regulations. The proposed changes aim to curb unfair trading practices and improve investor protection in the rapidly evolving cryptocurrency market. According to the FSA, the revised legislation will prohibit individuals from trading crypto assets based on undisclosed inside information, mirroring regulations that apply to traditional financial markets. The move reflects the growing recognition of cryptocurrencies as mainstream investment vehicles and aims to strengthen oversight amid growing market participation. In order to develop…
The U.S. House of Representatives and Senate have formed a joint working group to advance cryptocurrency legislation, signaling a new era of regulatory focus on digital assets. President Donald Trump’s recently appointed crypto chief David Sacks expressed his determination to “ensure American dominance in digital assets” during a joint press conference in Washington today. Standing alongside leaders of congressional committees tasked with drafting digital asset regulations, Sacks outlined a broad pro-crypto agenda. “I look forward to working with each of you to create a golden age for digital assets,” Sacks said, noting that cryptocurrency policy was a “week one priority…
Shytoshi Kusama, an enigmatic person known in the crypto space as the Shiba Inu (SHIB) community lead and a sort of spokesperson for the popular meme-inspired cryptocurrency, recently shared an intriguing hint on their social media. With a GIF image from the movie “Leon” starring Jean Reno and Gary Oldman saying, “…calm little moment before the storm.” Kusama evidently gives their massive follower base of one million accounts on X a hint that something is brewing. The question was, is this a hint about something with the Shiba Inu token or new meme coin issued by Kusama himself on the…
Iran intelligence officials allegedly stole digital assets while pretending to investigate a corruption case. According to local outlet Iran International, the senior officers attached to the country’s Revolutionary Guard’s intelligence organization stole about $21 million in digital assets while investigating a corruption case. According to the report, the agency was investigating the CEO of Cryptoland, Sina Estavi, whose crypto exchange shut down in May 2021 after he was arrested by authorities. At the time of his arrest, no official complaint was lodged. However, once news of his arrest broke out, thousands of aggrieved customers lodged complaints against him and his…