Author: NBTC
Paul Atkins, President Donald Trump’s pick for the next chair of the Securities and Exchange Commission (SEC), has hit Capitol Hill, making the rounds and stopping at key offices to drum up support for his confirmation. Atkins is no stranger to the SEC or financial regulation. He’s meeting with some of the biggest names in Congress, starting with Senator Tim Scott, the chair of the Senate Banking Committee. This is the first major move in what’s expected to be a complete makeover of the SEC’s approach to digital assets and financial markets. Scott released a statement praising Atkins’ long career…
Bitcoin, the first and largest cryptocurrency by market capitalization, is attempting to break the long-anticipated $100,000 per coin mark amid a couple of close calls over the last day. Bitcoin reached intraday highs of $99,044 in Saturday’s trading session; yesterday, it stopped short of the $100,000 mark, just reaching highs of $99,860. In a recent tweet, Michael Saylor, co-founder and chairman of MicroStrategy, commented on the current price of Bitcoin (BTC): “The price of BTC is still less than $0.1 million,” an acknowledgment that the $100,000 milestone is within reach. The price of $BTC is still less than $0.1M. —…
Amid the ongoing crypto market crash, will Ethereum (ETH) maintain dominance at the $3,000 psychological support level? With Bitcoin retreating to the $95,000 range, Ethereum has fallen by nearly 10% over the past 24 hours. It is currently trading below the $3,400 mark, maintaining a market capitalization of around $401 billion. With massive liquidations and an outflow in the Ethereum spot ETF market, bears are gaining control of the trend. Ethereum Price Analysis On the 4-hour chart, the bullish breakout above the $3,500 zone failed to sustain momentum, reversing at the $3,700 level. This reversal coincided with the drop in…
FED member Christopher Waller expressed his optimism about the course of inflation while maintaining his firm stance on the need for additional interest rate cuts. Speaking at a conference in France on Wednesday, Waller said inflation was moving steadily toward the Federal Reserve’s 2% target but said it was “too early to declare the end” of the central bank’s easing cycle. Waller highlighted the recent improvements in inflation measures and listed the reasons for his optimistic outlook: Decline in Core Inflation: The six-month annualized core inflation rate came to 2.4% in November, improving from 2.8% in the same month of…
Coinbase has achieved a significant legal milestone in its ongoing battle with the SEC, as Judge Katherine Polk Failla of the Southern District of New York granted the company a rare interlocutory appeal. According to the filing, this decision allows Coinbase to bring its case to the Second Circuit Court of Appeals. The company will challenge the SEC’s allegations, which include claims of operating as an unregistered exchange and broker-dealer. Additionally, the SEC accuses Coinbase of selling unregistered securities through its staking program. “Over the strenuous objection of the SEC, Judge Failla has granted our motion for leave to pursue…
Helm Capital Group has introduced Kowalski Coin, a blockchain-powered token that transforms arts funding by offering transparency and democratized investment opportunities. A New Era in Arts Funding For centuries, the arts have relied on a select group of wealthy patrons to fund creative endeavors. As this traditional model faces challenges with generational shifts, Helm Capital Group is stepping in with a revolutionary approach to ensure creativity continues to thrive. Introducing Kowalski Coin—a cryptocurrency designed to make arts funding transparent, inclusive, and accessible to a broader audience. The Benefit Block Model: Where Art Meets Investment Helm Capital Group’s groundbreaking Benefit Block…
An analyst who became popular after accurately calling the 2022 crypto meltdown is warning that Bitcoin (BTC) may hit a local top at any moment. Pseudonymous analyst Capo tells his 102,828 subscribers on the instant messaging platform Telegram that Bitcoin may abruptly retrace and give up its recent large gains. “I’m still out of the market for a few weeks now. At this point, it doesn’t matter if [Bitcpon] reaches $98,000, $99,000, or if it goes above $100,000. The local top could occur at any moment, and this movement could be fully retraced.” Capo lists a number of reasons why…
The minutes of the meeting of the FED held on December 17-18, which included details about the 25 basis point cut, were published. Here are the most important parts of the meeting minutes published by the FED: If the data plays out as expected, it would be appropriate to continue gradually moving toward a more neutral policy stance, participants said. Participants said the Fed is at or near a point where it is appropriate to slow the pace of easing. While participants expected inflation to continue moving toward the 2% target, the impact of possible trade and immigration policy changes…
Charles Hoskinson calls for a fresh start in blockchain communities, urging unity to propel crypto into the mainstream by 2025. Despite past tensions with rival ecosystems, Hoskinson believes the time is ripe for collaboration to expand blockchain’s global impact. Cardano’s founder emphasizes the importance of setting aside past conflicts to unlock the full potential of blockchain technology. Charles Hoskinson, the founder of Cardano, has urged the blockchain community to work on building the crypto ecosystem. In his latest post on X, Hoskinson addresses conflict with rivals of such ecosystems and asks the Cardano community to look forward to a new…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. We got another expected Biden-era cabinet member resignation today: CFTC Chair Rostin Behnam will step down from his position on Inauguration Day and leave the agency altogether in early February. Behnam, a Democrat nominated to the commission by Donald Trump in 2017, became acting chair after President Joe Biden was inaugurated. He was later confirmed by the Senate in December 2021. Trump is expected to name either Caroline Pham or Summer Mersinger, both sitting Republican commissioners, as acting chair later this month. He may or may…