Author: NBTC
The Beige Book document, which is published periodically by the FED and provides valuable information about the US economy, has finally been published. Here are the details you need to know from the document: Overall economic activity has increased slightly since mid-January. Overall expectations for economic activity in the coming months are slightly optimistic. Prices increased modestly in most regions, although a few regions reported an acceleration in the pace of price growth compared with the previous reporting period. While most contacts in the region expect the tariffs to lead to price increases, some individual reports suggest companies have already…
Crypto VC firm Foresight Ventures has committed $25 million to support early-stage blockchain initiatives on BNB Chain. Singapore-based crypto venture capital firm Foresight Ventures will invest up to $25 million in projects on BNB Chain through 2025 as part of the BNB Incubation Alliance. In a Feb. 24 press release shared with crypto.news, the firm said the initiative is aimed at boosting blockchain adoption by supporting emerging startups via BIA, an initiative which supports projects with access to resources, mentorship, and funding opportunities, including grants from BNB Chain and support from YZi Labs. “By backing projects within BIA, we aim…
Anthony Scaramucci, a former White House Director of Communications, suggests that the SEC has dropped its case against Ripple. Scaramucci made this bold assertion during a recent Wolf of All Streets podcast interview. During the interview, Scaramucci and the podcast host, Scott Melker, talked about Donald Trump’s pro-crypto plans as well as the regulatory framework of the industry. SEC Drops Ripple Lawsuit? They also discussed other events, particularly the SEC’s decision to drop its case against crypto-related businesses. Notably, Melker highlighted some of the legal actions the SEC has dropped, which include ConsenSys, Gemini, Uniswap, Coinbase, and Robinhood. However, Scaramuci…
Crypto exchange Crypto.com’s market data will soon be integrated into real-time indices and reference rates for Bitcoin and Ethereum markets. This comes as CF Benchmarks, a crypto indices provider regulated by the United Kingdom’s Financial Conduct Authority, has added Crypto.com as a constituent exchange. According to details the FCA-regulated benchmark administrator shared in a press release, Crypto.com’s market data will, effective March 31, 2025, power CF Benchmarks’ suite of Bitcoin (BTC) and Ethereum (ETH) indices. With this, Crypto.com will become a CME CF constituent exchange, providing its institutional-grade market data across three CME CF indices. CF Benchmarks will integrate Crypto.com’s…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Artificial intelligence is growing at a rate considered wondrous by some and frightening by others—yet there seems to be no question that this rate of growth will increase. What started as a curious and interesting experiment with basic commands and questions, as well as fun reworkings of classical paintings, has grown into what could plausibly become a trillion-dollar industry in the foreseeable future. You might also like: AI in crypto compliance: Looking for a balanced approach |…
Bitcoin’s price has recently experienced a notable decline, crashing below $90,000 after slipping through critical support levels. The drop came as BTC struggled to maintain momentum, straying farther from the $100,000 mark. The ongoing downtrend may be influenced by the behavior of short-term holders (STHs), who appear to be changing their stance as the market shifts. Bitcoin Investors Fear Losses The short-term holder (STH) Spent Output Profit Ratio (SOPR) indicator is struggling to reclaim the bullish threshold of 1.0. While staying above this level suggests that STHs are profitable and willing to hold, the indicator’s failure to do so may…
Penomo has formed a strategic partnership with Hoovest Financial Group, which collectively administers and manages over $1 billion in assets. This collaboration aims to accelerate institutional capital inflows into tokenized real-world infrastructure, facilitating the connection between asset-heavy renewable energy & physical AI operators and private capital allocators. The global shift towards sustainable energy & physical AI is driving significant capital into projects building & operating physical infrastructure, such as solar, Data Centers & machines, and financing remains the key bottleneck. Traditional financing models for critical physical infrastructure—primarily debt financing and structured equity are often slow, bureaucratic, and capital-intensive. Institutions keen…
According to some of the biggest names in crypto, the peak of memecoin mania has passed. With the sitting president of a G20 country facing initial impeachment proceedings for promoting a memecoin, every Trump family memecoin negative since listing on a major US exchange, and memecoin platforms targeted for money-laundering of billion-dollar hacks, it might seem as though the bubble has popped. Even Solana, the host blockchain for most memecoins, has shed one-third of its market capitalization over the last month. People, it appears, are sick of losing money in memecoins. TRUMP has declined over $11 billion since its peak,…
DOGE’s goal of eliminating $1 trillion from the government budget is not limited to federal employees. Consultants must also prove their value. What would be their response? “Our only job is to help clients save money in the long run.” Good enough? Well, Musk will have to decide. Reports say that the General Services Administration (GSA) asked all federal agencies to list and justify consulting contracts from 10 companies by the end of this week. There is a long history of consulting companies making a lot of money off of the government’s inefficiency. In the US, they are hired to…
Sam Altman’s blockchain venture, World Network, is breaking into the messaging game with its newest feature: World Chat. The new feature, a “mini app” accessible via the World App wallet, will offer special features to holders of World Network’s digital passport, which lets users scan their iris in exchange for an account that verifies their “proof-of-personhood.” World Chat is the latest iteration of World’s ongoing quest to help people discern bots from humans in the age of AI. “By connecting to World ID, World Chat allows you to know when you’re chatting with a verified human,” World developer Tools for…