Author: NBTC
The tables have turned for former U.S. Senator and crypto critic Bob Menendez, who once called Bitcoin the “ideal choice for criminals,” as he was sentenced to prison over ‘bribery charges’ on Wednesday. NJ Democrat Bob Menendez Jailed Over Corruption Charges Former Democrat Senator from New Jersey, Bob Menendez, has been sentenced to 11 years in prison by a federal court in New York City for corruption. Menendez, who has served as the chairman of the U.S. Senate Foreign Relations Committee in the past, tearfully begged the court for “forgiveness” after being convicted of exchanging cash, gold bars, and even…
Nexo, a digital assets wealth platform, has been proclaimed the Most Exciting Payments Solution of 2025 at the International Association for Trusted Blockchain Applications (INATBA) Awards, according to the reports shared with Finbold on Thursday, January 30. An INATBA member since 2023, Nexo promises to remain deeply involved in shaping the future of digital finance. Honored to have the Nexo Card named Most Exciting Payments Solution of 2025 at the @INATBA_org Awards ceremony.The first-of-its-kind dual-mode credit and debit card redefines how crypto meets everyday spending, seamlessly bridging digital and traditional finance.This… pic.twitter.com/JR0a8BLIy0 — Nexo (@Nexo) January 29, 2025 INATBA awards…
A prominent Bitcoin whale has suffered substantial losses, amounting to approximately $7 million, after holding a long position on Bitcoin ($BTC) for over a month on the Hyperliquid exchange. The losses stem from both the market’s ongoing downturn and the high leverage used in the trade, highlighting the risks associated with large, leveraged positions in volatile market conditions. As the market fell further, this whale who was long $BTC on #Hyperliquid has lost ~$7M!He’s been holding on for one month and has incurred more than $1M funding fees.https://t.co/7LK4HQxxb3 pic.twitter.com/qhe4zUZ0ja — Lookonchain (@lookonchain) January 13, 2025 According to Lookonchain,The whale took…
The Federal Reserve is widely expected to keep interest rates unchanged as its two-day policy meeting concludes on January 29. Investors are nearly unanimous in anticipating that the Fed will maintain rates within the current 4.25% to 4.5% range, according to market pricing data. As reported by the Wall Street Journal, today marks the end of the first Federal Open Market Committee (FOMC) meeting of 2025, with the Fed set to meet seven more times in 2025. Chairman Jerome Powell will reportedly address the public after the talks, in a press briefing scheduled for 7:00 PM GMT. The FOMC meeting…
The “official” memecoin of incoming U.S. President Donald Trump has boosted interest in Solana (SOL), leading to a surge in both its price and trading volume, which in turn helped the total dollar value locked (TVL) on the network top $10 billion for the first time since the collapse of FTX. Donald Trump’s choice of issuing the memecoin on Solana helped SOL rise more than 23% since its announcement, moving the cryptocurrency’s price to a new all-time high and boosting the dollar value locked on its smart contracts. Data from DeFiLlama shows TVL on Solana is now at $12 billion,…
Federal Reserve chair Jerome Powell has beef with Washington’s newest, most powerful couple: Mr. Elon Musk and Mr. President Donald Trump. The latter consistently slams him publicly and demeans him, while the former wants to cut his team’s spending by at least 40%. While they both haven’t explicitly said it ever, it’s fair to assume that the president and his ‘First Buddy’ don’t like Powell very much. But hey, the feeling is quite mutual. Though Powell would never say it, you can see it in his eyes when he’s asked about Elon or Trump. It’s just not his style to…
Kraken, one of the longest-standing crypto exchanges, has reinstated blockchain staking products for many of its American customers, another sign that the previously sclerotic environment for crypto assets in the U.S. is rapidly thawing. Customers across 39 eligible states will be able to use Kraken Pro to take part in bonded staking, where tokens are locked up for certain periods of time depending on the blockchain in question, Kraken said on Thursday. Donald Trump in the White House has signaled the end of draconian measures against crypto put in place during the previous administration, particularly what was imposed by the…
Crypto accounting platform Cryptio has raised $15 million in an extension to its Series A funding round from June 2022. Existing investor Alven led the round and featured participation from new backers 1kx and Ledger Cathay Capital, Cryptio told CoinDesk via email on Wednesday. The $15 million raised takes the total for the Series A round to $25 million. Cryptio’s aim is to provide traditional financial (TradFi) entities with back-office operations and infrastructure that allow them to offer digital asset products such as stablecoins, crypto-backed loans and crypto savings. Many observers are expecting the number of banks offering crypto services…
Bitcoin (BTC) surged by over 3% in the past 24 hours, reaching a new all-time high (ATH) of approximately $109,114. As Bitcoin pushes towards new highs, the cryptocurrency market is gearing up for some important events, particularly with the Trump inauguration just hours away. The launch of the Trump Meme Coin ($TRUMP) and SEC Chairman Gary Gensler’s upcoming departure have heightened speculation for a more favorable regulatory environment. The recently launched Trump meme coin went through some wild fluctuations in price, surging up to 200% at one point, followed by a pullback of 20-30%. The upcoming inauguration is expected to…
Fairshake, a bipartisan super Political Action Committee (PAC) focused on funding crypto-friendly policies, has raised $116 million in funding for the 2026 US midterm elections. In a statement shared with CryptoSlate, Fairshake said its war chest includes over $11 million in fresh contributions received from major players in the crypto industry, including a16z, Coinbase, Jump Crypto, Uniswap Labs, Robert Leshner of Superstate, and Ripple Labs. According to the Committee, these renewed financial commitments show the crypto industry’s increasing influence on US politics and its push for a regulatory framework that supports innovation. Robert Leshner, the CEO of Superstate, praised the…