Author: NBTC

The US Treasury Department is preparing to impose a comprehensive ban on tools that provide privacy for cryptocurrency transactions. Andrea Gacki, Director of the Financial Crimes Enforcement Network (FinCEN), announced this week in Congress that the “mixer rule” has reached its final stages. The regulation, which uses PATRIOT Act powers to ban privacy-enhancing software and methods for cryptocurrency transactions, is now in its final stages. The PATRIOT Act, enacted in 2001 after the September 11 attacks, gave the government broad oversight and investigative powers. Over the years, the law has tightened “know your customer” (KYC) and anti-money laundering (AML) frameworks…

Major crypto exchange Binance has issued an important security reminder for crypto projects, urging them to stay vigilant against fake listing agents and scams. Binance, in an official blog post, stated that it has become aware of bad actors attempting to exploit the Binance brand by falsely claiming to be Binance Business Development (BD) employees, official “listing agents,” or intermediaries who can guarantee a listing on the Binance platform for a fee. These claims are a scam, Binance added, as such listings are never guaranteed. This is because Binance evaluates every project on its merits, taking into account factors such…

Summary Introduction: Amid shaky technicals and mixed emotions, ETH is trading close to $4,377. Present situation: Although institutional inflows of about $500 million into ETFs indicate ongoing confidence, price pressure is still present for the current ETH price prediction. Positive outlook: A possible recovery is supported by Ethereum’s use in DeFi, NFTs, and scaling solutions, as well as capital inflows. Risks: Sell-side pressure and a decline in momentum relative to Bitcoin could affect larger markets, such as stocks. Overall outlook: Neutral to cautious; there are still significant short-term concerns. Ethereum is currently trading at $4,384, indicating a slight decrease of…

Major cryptocurrencies like Bitcoin, Ethereum, XRP, and Dogecoin continued to fall Monday, triggering a wave of liquidations that topped $900 million over the past 24 hours. Bitcoin dropped below $110,000 for the first time since early July, spearheading a market-wide swoon after a whale unloaded 24,000 BTC worth $2.7 billion on Sunday. The continued dive also comes amid fresh doubts about the prospects of an interest rate cut and other macroeconomic uncertainties. The largest cryptocurrency by market value was recently trading at $110,441, down 2.2% over the past 24 hours. BTC is down more than 5% over the past week.…

Charles Hoskinson mocked Gary Gensler’s “register” mantra as Coinbase battles the SEC over destroyed records. Coinbase accuses the SEC of hypocrisy, alleging it broke the same record-keeping rules it enforces on crypto firms. Under Trump’s second term, Chairman Paul Atkins has shifted the SEC toward clear rules and a pro-crypto stance. The fight between Coinbase and the U.S. Securities and Exchange Commission (SEC) has taken another sharp turn and Cardano founder Charles Hoskinson just added fuel to the fire with a sarcastic jab at former SEC Chair Gary Gensler. Here’s what’s buzzing on X. Coinbase Calls Out SEC Over Destroyed…

Revolut has taken a step toward entering the United Arab Emirates after the Central Bank granted in-principle approval for its Stored Value Facilities and Retail Payment Services licenses. The approval positions the UK-based financial app to introduce its services to retail customers in the Emirates. Entry into a Key Middle East Market The UAE is a core target for Revolut, as the country combines a rapidly digitizing economy with a supportive regulatory framework. Once operations launch, the company expects demand for new payment solutions to drive adoption. “Receiving these in-principle approvals from the Central Bank of the UAE is a…

While Bitcoin (BTC) was running from record to record, Ethereum (ETH), which fell behind BTC, broke its 2021 ATH and set a new record a week ago. While Ethereum surpassed $4,900, the subsequent bearish wave caused the price to drop to $4,200 levels. At this point, while the market is predicting that Ethereum could experience a correction to the $3,000 level, one analyst said that this could be a huge bear trap. Cryptocurrency analyst Johnny Woo, in his analysis from his X account, said that ETH could form a sharp correction, or a bear trap, in September before recovering in…

According to new research, crypto adoption in the US seems to be growing among older generations. Rates of crypto education and ownership in the over-40 demographic are rising steadily. Retirement savings and hedging against inflation are this cohort’s biggest concerns, while platform complexity is their biggest barrier to entry. Crypto Schools exclusively shared this survey data with BeInCrypto. Older Generation Is Getting Into Crypto Crypto adoption is a clear and pressing concern for this industry, and Millennials have been the vanguard for several years at this point, with ongoing levels of interest. Gen Z (Zoomer) crypto adoption is also fairly…

Burwick Law has been given more freedom to serve its Pump Fun lawsuit against Jito Labs and a number of Solana executives after Solana’s CEO ghosted the law firm nine times. Judge Colleen McMahon granted the order on Thursday, expanding Burwick’s available methods of serving the suit to include email, physical mail, and via a direct messages on X. The remaining defendants that need to be served include Solana CEO Anatoly Yakovenko, Solana co-founder Raj Gokal, and Solana Foundation President Lily Liu. They can all now be served via email and FedEx. Jito Labs’ CEO Lucas Bruder, COO Brian Smith,…

Prediction market PredictIt, which started out as an academic platform focused on political forecasts, is preparing to launch a new exchange after getting the nod from the Commodities Futures Trading Commission. PredictIt, operated by the D.C.-based Aristole, said last week that the CFTC approved its applications to operate as both a designated contract market, or DCM, and derivatives clearing organization, or DCO. “With these approvals, Aristotle will launch a new exchange designed to provide U.S. traders with more diverse markets, deeper liquidity, and broader participation,” the company said last week in a press release. The company plans to expand beyond…