Author: NBTC
Mantra has launched the MANTRA Chain Mainnet, edging closer to its goal of integrating traditional finance with blockchain technology. According to a press release shared with crypto.news, the mainnet for the real-world assets platform is now live, offering users enhanced network security, regulatory compliance, and institutional-grade access to on-chain finance and tokenized assets through a comprehensive suite of tools. Tokenization is the process of converting traditional assets, such as money market funds, into digital tokens that can be transferred and utilized on blockchain networks. Through MANTRA Chain, the project aims to streamline the process of bringing real-world assets on-chain. Starting…
In criticism of the U.S. Securities and Exchange Commission (SEC), Ripple’s Chief Legal Officer Stuart Alderoty has accused the regulatory body of engaging in actions that have artificially suppressed the cryptocurrency market. In a recent tweet, Alderoty wrote, “Turns out, the only ‘efforts of others’ that truly moved crypto markets—by causing massive and prolonged artificial suppression—were those of the SEC.” The U.S. Securities and Exchange Commission sued Ripple in December 2020, alleging that the San Francisco-based business violated the law by selling XRP without first registering it as a security. Turns out, the only ‘efforts of others’ that truly moved…
Coinbase has received approval from the New York State Department of Financial Services (NYDFS) to operate in New York. This license allows Coinbase to legally offer its services in one of the most regulated markets for cryptocurrency in the U.S. Coinbase’s NYDFS license approval The NYDFS approval is a major milestone for Coinbase, allowing it to expand its customer base and offer a secure, compliant platform for trading cryptocurrencies. The license strengthens Coinbase’s commitment to meeting regulatory standards and boosts user confidence in its legal compliance and security. New York’s strict regulations ensure consumer protection, anti-money laundering (AML), and know-your-customer…
Not so fast. Let’s take this one seriously. Vice President Kamala Harris went live with her first crypto-specific policy yesterday, vowing to help protect Black Americans who invest in cryptocurrency. This is standard issue stuff for the Democratic Party in 2024, where as Nik points out, the cause of anti-racism is alive and well. For the sake of argument, let’s even put aside Nik’s more valid critiques. I, too, am concerned that, without policy specifics, a Harris administration could use this policy to prevent Black Americans from the benefits of owning Bitcoin. For now, let’s deal with the very real…
DeFi protocol Ethena announced on Tuesday a new partnership with Derive.xyz, the world’s leading on-chain options and structured products platform, that will invest millions of dollars to increase liquidity and drive growth for both protocols. As part of the partnership, Ethena will integrate Derive’s core trading, options, futures, and vaults, using Ethena’s USDe stablecoin and USDE staking to increase liquidity and trading volume, according to a press release. Ethena will launch its core trading on Derive’s perpetual markets, pending approval from the Ethena Risk Council. This is expected to increase volumes and liquidity on Derive, strengthening Derive users’ ability to…
In a new X post, Brian Armstrong (Coinbase CEO) said, “we will no longer be a client” of any firm hiring people who have committed “bad deeds” against the crypto industry. The CEO of Coinbase shared in an X post that the company will let go of any firm that hired people against crypto in Biden’s administration. Coinbase CEO spoke up after Milbank hired Gurbir S. Grewal We’ve let all the law firms we work with know, that if they hire anyone who committed these bad deeds in the (soon to be) prior administration, we will no longer be a…
OTC platforms prioritize secure, private transactions, catering to individuals and institutions handling large cryptocurrency trades. Platforms like Bitcoin Reserve and Cumberland offer deep liquidity pools, reducing market impact for high-volume trades. Innovative features from sFOX and Encryptus provide superior compliance, transparency, and flexibility for dynamic market conditions. Indeed, the demand for over-the-counter or OTC cryptocurrency platforms has emerged for individuals and institutions who transact large value securely and effectively. Such platforms allow for accessing large liquidity, simultaneously preserving the anonymity of a trader and minimizing the chance of slippage. Among the numerous OTC options available, four stand out for their…
The market for Bitcoin recently indicated that a reversal is imminent, which has sparked speculation that the one-year cycle may soon end. In the past, Bitcoin has generally followed a predictable pattern; however, the way the market is acting right now points to a possible break from this pattern. The price of Bitcoin has been testing significant resistance in the last few days, and the accompanying chart indicates that this level is almost at the top of the cryptocurrency’s long-term declining channel at $66,000. This level has frequently served as a ceiling for Bitcoin, as it has never been able…
The crypto and decentralized finance sectors have been growing at an impressive rate over the past month. According to data provided by Defi Llama, the DeFi total value locked increased by roughly $47 billion over the last 30 days, reaching a 31-month high of $134.7 billion — this level was last seen in May 2022. DeFi TVL | Source: Defi Llama Moreover, the DeFi daily trading volume is currently sitting at $16 billion. The leading DeFi and liquid staking protocol, Lido, saw its TVL surpass the $36 billion mark after a 50% surge in 30 days. AAVE, the top lending…
President-elect Donald Trump’s transition team is weighing in on a number of SEC Chair candidates and may reveal their choice “as soon as tomorrow,” according to FOX Business journalist Eleanor Terrett, citing sources with knowledge of the matter. Who will be Trump’s SEC chair, according to Kalshi? Traders on Kalshi are favoring Paul Atkins, a former SEC commissioner, as the top candidate for the SEC Chair role in Donald Trump’s second term. Support for Atkins has grown following his interview with Trump’s transition team. Leading the poll with a 70% probability of appointment, Paul Atkins is ahead of Brian Brooks,…