Author: NBTC
Nigerian authorities have denied the allegations by Binance executive Tigran Gambaryan that its officials asked for bribes, among other things. In a post, the government’s official X account described the allegations as misleading and defamatory. According to a statement signed by the country’s minister of information and national orientation, Mohammed Idris, the public should disregard Gambaryan’s claims as they are unsubstantiated. It said: “We categorically deny the retaliatory claims made by Mr. Gambaryan against Nigerian officials involved in his case, and we urge the public to disregard these false accusations in their entirety.” The government’s statement follows Gambaryan’s recent disclosure…
The team behind Telegram’s built-in crypto wallet, Wallet, has launched new campaigns to drive the adoption of stablecoins, particularly Tether (USDT). In an X post today, the team announced a zero-fee offer for the purchase of USDT via Telegram’s built-in crypto wallet. This offer is only available to users who purchase USDT using their bank cards. The team described the initiative as the first of its kind, suggesting that no blockchain wallet offers zero-fee options for USDT purchases. ⚡️Exclusive: Buy USDT with ZERO fees — only in @wallet_tg! We’ve waived fees on USDT purchases via bank card — an offer…
Throughout most of 2024, Bitcoin (BTC) struggled to break out — then, after the US presidential election on November 5, the wider cryptocurrency market entered a bull run. The price of BTC reached a new all-time high (ATH) on December 16 — the leading digital asset briefly traded above $106,000, before receding below the $100,000 mark. On the whole, 2024 saw BTC prices increase by 119.03% in 2024. Since that high, Bitcoin has found a strong level of support at $92,600 and is currently struggling to stay above $95,000 consistently. At press time, the digital asset was changing hands at…
The stablecoin market, currently valued at $206 billion according to defillama.com, has experienced notable shifts, including growth in the first six days of 2025. Nearly $4 Billion Vanishes as Tether and Ethena Decline in Early 2025 Among the top ten stablecoins, tether (USDT) and ethena usd (USDE) recorded significant outflows, collectively amounting to nearly $4 billion, or precisely $3.98 billion. Tether faced the most substantial decline, losing $3.79 billion from its peak valuation of just over $141 billion. As of Jan. 6, 2025, USDT’s market capitalization stands at $137.21 billion. Ethena’s USDE, a yield-bearing stablecoin, similarly peaked on Dec. 19,…
A Texas federal judge has put the brakes on the US Securities and Exchange Commission’s (SEC) case against Geosyn Mining LLC, a Bitcoin mining and hosting company, after federal prosecutors filed criminal charges against three of its executives. CEO Caleb Ward, COO Jeremy McNutt, and former sales manager Jared McNutt are accused of misusing customer funds and spending investor money on personal luxuries instead of mining equipment. The ruling came after Ward and Jeremy McNutt turned themselves in on Thursday and appeared in court over the impending indictments. Prosecutors allege that Geosyn executives engaged in wire fraud, running what appeared…
Crypto.com is standing out as the fastest-growing centralized exchange (CEX) of 2024. They’ve seen trading volume jump significantly. According to a new CoinGecko report, the platform achieved an incredible 969.7% growth. Their annual trading volume shot up from $120.6 billion in 2023 to a massive $1.29 trillion in 2024. This milestone means the exchange has now surpassed the $1 trillion mark for the first time. While other exchanges also grew, none grew as quickly as Crypto.com. Related: Centralized Exchanges vs. Self-Custody: Which is Safer for Your Crypto? Binance Still Leads CEX Market Even with market share shifting a bit, Binance…
Will Bitcoin (BTC) continue its price recovery this week and surpass the $100,000 level? As the crypto market shifts toward a bullish sentiment in January 2025, Bitcoin is steadily approaching the $100,000 milestone. With a 1.42% surge in the past 24 hours, Bitcoin is maintaining dominance above the $96,000 level. However, this gradual growth has not received significant institutional support from the ETF market. With BlackRock registering its largest-ever outflow, will the Bitcoin price continue its upward momentum? Bitcoin Price Analysis In the 4-hour chart, the BTC price trend reveals a bullish breakout of the local resistance trend line. With…
Elon Musk’s Department of Government Efficiency (D.O.G.E.) is officially operating with the approval of U.S. regulators, but its aggressive cost-cutting tactics are fueling backlash across Washington. While the administration claims the initiative has uncovered billions in fraudulent government spending, watchdog groups, state officials, and federal employees are now pushing back—some through lawsuits targeting Musk himself. Watchdogs say D.O.G.E. exposes waste but politicizes the issue For decades, government oversight experts have warned about waste, fraud, and abuse in federal spending, frustrated that Washington has ignored the problem. When President Donald Trump put Elon Musk in charge of fixing it, many hoped…
Cryptocurrency exchange Bitget has received a Virtual Asset Service Provider (VASP) in Bulgaria. This was the fifth European license Bitget had received and has brought it one step closer to Markets in Crypto-Assets (MiCA) licensing. With its new license from Bulgaria’s National Revenue Agency, Bitget will be able to facilitate crypto trading, asset transfers, custodial solutions, public offerings, and wallet services. Bitget is looking to get from VASP to CASP “The successful application of the VASP license in Bulgaria is a part of Seychelles-based Bitget’s expansion strategy to serve users across the European Union,” Bitget chief legal officer Hon Ng…
While MicroStrategy continues to make a name for itself with its Bitcoin (BTC) purchases, Japan-based Metaplanet is also on its way to becoming Asia’s MicroStrategy. As Metaplanet increases its BTC purchases, the company’s CEO Simon Gerovich made important statements at Michael Saylor’s New Year’s Eve Party in Miami. Gerovich said that the US’s plans to create a Bitcoin reserve have set off an international race. The famous CEO said that he believes that Japan and other Asian countries will follow the US if US President-elect Donald Trump implements his plan to establish a national Bitcoin reserve. Stating that Japan’s debt…