Author: NBTC
Adam Back is one of the earliest and most prominent champions of Bitcoin’s displacement of traditional finance via decentralization and self-sovereignty. However, his latest move—selling 30,000 bitcoin (BTC) to Wall Street giant Cantor Fitzgerald via a SPAC—has drawn scrutiny from those who see it as betraying some of the principles he once passionately espoused. Back was a cypherpunk. His community created BTC and fought for privacy, individual sovereignty, and displacing government-backed banking. In public statements throughout the years, he has repeatedly championed the network’s resistance to entrenched banking interests. Although he did not self-identify as a libertarian, many interviewers and…
Non-fungible token (NFT) project Pudgy Penguins has quieted rumors that it acquired the OpenSea marketplace. The rebuttal followed a wave of online chatter claiming that a deal may have closed around December 2024. In a Saturday post on blogging platform X, the head of security at Pudgy Penguins, Beau, dismissed the rumors, claiming that no such thing has happened. “Pudgy Penguins didn’t buy OpenSea… chill,” Beau wrote on X. Pudgy Penguins is a collection of 8,888 flightless bird NFTs launched in July 2021. The project has also expanded its offering, providing users with physical products through its Pudgy Toys line…
Key Takeaways Bit Digital plans to triple its authorized share capital to 1 billion ordinary shares to fund its Ethereum growth strategy. The expanded share authorization aims to allow for substantial equity financing focused on purchasing Ethereum. Bit Digital, the digital asset miner pivoting from Bitcoin to Ethereum treasury, will hold a key shareholder meeting in September to seek approval to triple its authorized share capital in support of its Ethereum accumulation plan and growth initiative, a Friday SEC filing has revealed. The company plans to raise the number of authorized ordinary shares from 340 million to 1 billion, increasing…
In a bold move signaling growing confidence in the digital asset space, Nasdaq-listed OFA Group (OFAL) has announced a monumental commitment to the cryptocurrency market. This isn’t just another small dip into digital assets; we’re talking about a significant financial pledge that could reshape perceptions and pave the way for more traditional entities to embrace the future of finance. What does this mean for the crypto landscape, and why are OFA Group’s choices of Bitcoin, Solana, and Sui so intriguing? Who is OFA Group and What Does This Crypto Investment Mean? OFA Group (OFAL), a company listed on the Nasdaq…
Nigeria is open to stablecoin businesses, the country’s top markets regulator said Thursday, signaling a bid to revive digital asset engagement more than a year after a crackdown on crypto exchange Binance cast a shadow over the sector. Speaking at the Nigeria Stablecoin Summit in Lagos, Securities and Exchange Commission Director-General Emomotimi Agama said firms that comply with Nigeria’s evolving digital asset rules will find a supportive environment for innovation. “Nigeria is open for stablecoin business, but on terms that protect our markets and empower Nigerians,” he said, according to a report by The Cable. The commission, he confirmed, has…
Bitcoin is pushing past $119,000 on Wednesday, attempting to break out of the tight trading range that has defined its price action since setting an all-time high last week. The move is a direct challenge to the key $118,483 resistance level, a zone that analysts have been watching closely as the critical pivot for the next major move. Bitcoin has been trading within a narrow zone after its sharp rejection from above $123,000 last week. The 1-hour chart shows high volatility, but this is the first time the price has made a convincing push above the top of the range.…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. On the heels of July 4th celebrations, last Friday, July 18, President Donald Trump signed the GENIUS Act into law, making it the first federal law to regulate stablecoins. Approved by Congress on Thursday, July 17, the bill’s passage saw the digital asset industry assets surge past a $4 trillion market capitalization for the first time. Summary The GENIUS Act marks a turning point, becoming the first U.S. federal law to regulate stablecoins and boosting crypto’s market.…
SharpLink is making bold moves to ramp up its Ethereum treasury. According to data from Lookonchain, SharpLink transferred $145 million USDC to Galaxy Digital’s OTC wallet, which means that another big Ethereum buy is likely on the way. BitMine Immersion recently announced a massive Ethereum purchase, 566,776 ETH worth over $2 billion. It has now overtaken SharpLink’s ETH stash, claiming the top spot among corporate ETH holders. A total of 2.31 million ETH, worth $8.65 billion, is now held in strategic reserves by 63 participants, accounting for 1.92% of Ethereum’s total supply. Ethereum treasuries have skyrocketed from $23 million to…
The native token of Solana-based meme coin platform Pump.fun surged nearly 20% on July 16, briefly reaching a new all-time high following the launch of a large-scale buyback campaign. After reaching a high of $0.00681, PUMP is trading at about $0.0063 at the time of writing, up about 14% on the 24-hour timeframe. The rally was driven by news that Pump.fun has begun buying back tokens using platform-generated fee revenue. According to on-chain data shared by Lookonchain, the platform allocated 187,770 Solana (SOL), worth about $30.6 million, from its fee reserves to fund the buyback. So far, 118,351 SOL, about…
Today, Azoria Capital, a money manager, has sued Chair Jerome Powell and other central bank policymakers in a Washington, D.C., federal court. The lawsuit alleges the Fed is violating a 1976 federal law by keeping its monetary policy meetings behind closed doors. In its lawsuit, Azoria Capital asked the court to issue a temporary restraining order that forces the Federal Open Market Committee (FOMC) to make its meetings public beginning next Tuesday and Wednesday, when central bank policymakers meet in Washington to decide on the next move in interest rates. Azoria Capital uses Trump’s manuscript Azoria Capital is run by…