Author: NBTC
The UK’s Financial Conduct Authority (FCA) issued a warning to wholesale firms, highlighting broker misconduct as a major risk to market integrity. In its latest “Dear CEO” letter, the regulator laid out concerns about insider trading, market abuse, and non-financial misconduct, urging firms to tighten their controls. According to the regulator, brokers occupy a unique and powerful position in wholesale firms. As revenue drivers and primary client liaisons, they hold significant influence over their employers. However, the watchdog highlighted the risks that come with this mandate. This includes the fact that brokers handle sensitive market information, including supply-demand dynamics and…
Changpeng Zhao, the former CEO of the Binance exchange, recently conducted several X polls that have revealed some surprising facts about cryptocurrency investors. According to the results of the poll, only a slim majority of his followers (50.4%) actually managed to make money with Bitcoin. Nearly 27% of the respondents do not own any Bitcoin, while more than 23% have actually lost money despite the fact that the leading cryptocurrency recently reached a series of record peaks. Another poll has also revealed one more striking fact: Nearly 45% of cryptocurrency investors have lost money with meme coins. Only a third…
Rivalry, a crypto casino as well as sports and esports betting platform, has added the recently launched TRUMP Solana meme coin as a form of payment. This move took place on Saturday, shortly after the coin dropped, and ahead of Donald Trump being inaugurated as the 47th President of the United States on Monday. The official Trump meme coin launched on Solana late Friday and quickly skyrocketed to a $15 billion market cap—now settling under $8 billion as the third-largest meme coin, according to CoinGecko. It was met with a flurry of centralized exchange listings from the likes of Binance,…
The new crypto-friendly US President Donald TRUMP took an expected step today and signed an important executive order regarding cryptocurrencies. According to the decisions included in the executive order in question, a cryptocurrency task force will be formed that will work to create a “digital asset stock” from crypto assets confiscated by the US government. The use of the word “stock” instead of “reserve” in the details of the decisions announced by the White House has caught the attention of the crypto community. Since the asset must be continually acquired to create a reserve, if it is in the reserve,…
Famed investor and Bitcoin advocate Anthony Pompliano has offered three pieces of advice to President-elect Donald Trump to help him become the “first Bitcoin president.” Famed investor and Bitcoin advocate Anthony Pompliano offered three pieces of advice to President-elect Donald Trump to help him become the “first Bitcoin president.” 1. Repeal SAB 121 In a video posted on Jan. 14, Pompliano, CEO of Professional Capital Management, outlined three actions Trump could take to push Bitcoin (BTC) prices “much, much higher.” His first recommendation was to repeal Staff Accounting Bulletin No. 121 (SAB 121), which prevents banks from holding digital assets…
Pudgy Penguins NFTs and PENGU, the ecosystem’s Solana token, have fallen sharply in the last 24 hours since its parent company launched Abstract, a consumer-focused Ethereum layer-2 network. PENGU has fallen 24% during that time and 49% in the last 30 days to $0.0173, dropping it outside the top 100 crypto assets by market cap according to CoinGecko. The Solana token has fallen to its lowest price since the volatile launch day in December. Meanwhile, the original Pudgy Penguins NFTs on Ethereum have experienced a similar decline, dropping just under 20% in the last 24 hours, and 39% on the…
Recently, some companies in the cryptocurrency market have been accused of preventing Bitcoin from being declared a strategic reserve currency in the United States. Ripple (XRP), which has been accused of similar allegations, stands out. Following US President Donald Trump’s speeches implying that US-based cryptocurrencies are in an advantageous position, Ripple CEO Brad Garlinghouse, according to unproven claims, advocates the idea of a reserve in the US that includes many altcoins instead of a Bitcoin Strategic Reserve, and opposes the idea of a reserve consisting of a single BTC. However, the White House recently announced the creation of a working…
Cashing in on President Donald Trump’s meme coin may not have been as easy as it sounds. Solana-based applications like the decentralized exchange Jupiter and digital wallet Phantom experienced degraded performance Sunday, with users reporting issues not long after First Lady Melania Trump’s own meme coin caused Official Trump’s (TRUMP) price to plummet. As markets mulled the first lady’s move, Phantom said on X that user activity had thrown off its platform’s stability. A few hours later, Phantom said its systems had rebounded from an “unprecedented surge in activity,” with users swapping $1.25 billion worth of digital assets over the…
In an interview with CNBC, BlackRock CEO Larry FINK called on the SEC to approve the tokenization of bonds and stocks. He added that the move would make things easier and simpler for institutions and investors. Fink gave an example of how tokenization would help his company save costs. They would no longer have to vote by proxy again because every investor would be notified through the tokenization of the stocks. He added that the move would also save costs for investors and potential investors as it would reduce the cost of holding these stocks and bonds. In line with…
Leading asset manager VanEck plans to boost its investments into Bitcoin miners amid President Donald Trump’s pro-crypto push. Throughout the run-up to the 2024 presidential elections and the days that have followed, President Donald Trump has made it abundantly clear that he intends to prioritize the U.S.’s competitive edge in technology, with a particular focus on crypto and artificial intelligence. Unsurprisingly, investment firms are taking note. VanEck Eyes Bitcoin Mining Equities Amid President Donald Trump’s pro-crypto and AI push, $114 billion global asset manager VanEck is looking to invest more in Bitcoin miners. The firm recently disclosed this, highlighting that…