Author: NBTC
Cryptocurrency mogul Mike Novogratz has predicted that stablecoins will be able to replace the foreign exchange (FX) market in less than five years. Traditional FX markets keep facing such challenges as relatively slow transactions and high costs. Stablecoins could potentially be a game-changer for this sector by making it more efficient. The Galaxy head has warned that those countries that fail to embrace stablecoins could be potentially left behind, given that he expects the global money system to move toward digital currencies. “If countries want to participate, they better get on the bandwagon or be left behind,” Novogratz said on…
In an effort to increase decentralization, the Solana Foundation aims to cut “validators in name only,” which rely solely on the Foundation’s stake. Solana (SOL) is bringing changes that aim to overhaul how its staking delegation program works. On Wednesday, April 23, Ben Hawkins, head of the staking ecosystem at the Solana Foundation, revealed that it would start cutting validators with a low external stake count. Solana Foundation’s Ben Hawkins on new validator policies: Source: X Specifically, for each new validator that enters the delegation program, the Foundation will cut three other validators with a low external stake. This applies…
Crypto custody is poised for a groundbreaking transformation as SEC leaders push for smarter rules, stronger protections, and innovation-driven frameworks to redefine digital asset security for the future. SEC Roundtable Sparks Urgent Calls for Crypto Custody Reform U.S. Securities and Exchange Commission (SEC) Commissioners Mark T. Uyeda, Caroline A. Crenshaw, and Hester M. Peirce, joined by Chairman Paul Atkins, participated in the Crypto Task Force’s third roundtable on April 25 in Washington D.C., focusing on the critical issue of crypto asset custody. Commissioner Uyeda emphasized the need for regulatory clarity, urging the SEC to allow registered investment advisers to use…
While the broader crypto market enjoyed steady gains last week, the stablecoin sector expanded notably, contributing an additional $4.581 billion to the fiat-linked crypto ecosystem. Fiat-Linked Tokens Expand Amid Market Volatility As of press time on Sunday, the stablecoin economy holds a valuation of $239.108 billion, requiring an additional $892 million to surpass the $240 billion threshold. According to defillama.com data, the stablecoin sector expanded by 1.96% this week, measured since April 20, 2025. Top five stablecoins by market cap as of April 27, 2025, according to defillama.com metrics. This jump reflected a $4.581 billion increase in value over that…
The $TRUMP memecoin surged after organizers announced an exclusive dinner with Donald Trump for the top 220 token holders. The event is scheduled for May 22, 2025, at the Trump National Golf Club in Washington, D.C., and is open to those ranked within the top 220 by token holdings. A sharp rise followed the announcement in the price of the TRUMP (TRUMP) token, as holders rushed to secure a spot in the top ranks. The token was trading near $9.00 but spiked to $16.03, according to crypto.news data. Source: https://trumpdinner.gettrumpmemes.com/ While an original tweet about the dinner incorrectly referenced the…
Celsius Network founder Alex Mashinsky’s customers want him behind bars for life. More than 200 victim impact statements, many reviewed by Decrypt, have been submitted to U.S. District Judge John G. Koeltl ahead of Mashinsky’s May 8 sentencing, with the overwhelming majority demanding the severest possible punishment for the mastermind behind the failed crypto lender. “He devastated numerous lives, and there are those who have taken their own lives because of him,” wrote Brandon Lawrence, an investor who says he lost 1.5 Bitcoin (about $141,000 today). “He should face consequences akin to Bernie Madoff and be incarcerated for life.” The…
Bitcoin’s performance versus gold is back in focus this week. Today, Crypto Rover shared a chart on X, comparing prices since 2019 showed gold initially led, but Bitcoin caught up and impressively surpassed it by early 2025, an unprecedented feat, to even think of until a few years back. After a rough month, BTC’s strong rally pushing past $94,000 Wednesday suggests it might be regaining ground once more. Volatility vs. Stability: The Key Difference The main difference between the two is volatility. Over the past few years, Bitcoin and cryptocurrencies as a whole have exhibited significant unpredictability. After reaching an…
Stellar (XLM) is on a bullish surge as altcoins in the broader digital asset market appear to have regained their bullish momentum. The XRP rival has recorded significant investor interest, resulting in a trading volume spike of over 50%. Stellar enters breakout territory amid volume surge According to CoinMarketCap data, XLM’s trading volume in the last 24 hours soared by 51.53% to $309.96 million. The massive uptick in investors’ interest has resulted in a significant price rise, which appears to have entered a breakout mode. Within the same time frame, the XLM price increased by 9.03% to change hands at…
Political and regulatory tensions surrounding cryptocurrency are rising in Washington as Senator Jon Ossoff voiced support for impeaching President Donald Trump over a private event tied to the promotion of his meme coin, while SEC Commissioner Hester Peirce urged for more transparent crypto regulations to end the uncertainty plaguing US financial firms. SEC Commissioner Hester Peirce: US Crypto Regulation Feels Like Playing ‘The Floor is Lava’ in the Dark At the SEC’s “Know Your Custodian” roundtable on April 25, SEC Commissioner and head of the agency’s crypto task force, Hester Peirce, delivered a vivid analogy to describe the current regulatory…
Compass Mining has initiated operations at the first phase of its self-owned bitcoin mining facility in Iowa, the company announced on Tuesday. Compass Mining Powers Up First Phase of 30 MW Iowa Project The initial 8-megawatt (MW) phase of the 30 MW project is now online, with construction on remaining capacity set to begin in Q4 2025. Located on a 5-acre site, the announcement shared with Bitcoin.com News states that the facility expands Compass Mining’s portfolio of self-operated infrastructure, which allows clients to deploy machines directly to the Iowa location. Compass Mining CEO Paul Gosker stated the move reinforces Compass’…