Author: NBTC
Senior Democrats “strongly oppose” H.R. 4763, the Financial Innovation and Technology for the 21st Century Act (FIT21), but are not whipping the vote. FIT21, supported by digital asset organizations like Coinbase, provides a regulatory framework, defining digital assets and expanding CFTC authority. House Financial Services Committee Ranking Member Maxine Waters (D-Calif.) and House Agriculture Committee Ranking Member David Scott (D-Ga.) – the leading Democrats on their respective committees – have sent an email to Democratic members of the House of Representatives saying they “strongly oppose” H.R. 4763, the Financial Innovation and Technology for the 21st Century Act (FIT21), but are…
Bitcoin Core v27.0 upgrade brings notable changes to the functionality of the largest blockchain and removes some irrelevant software elements from its codebase. Last Bitcoin Core update before halving is out: What changed? Bitcoin Core v27, the newest version of Bitcoin’s node client software, is published in the orange coin’s GitHub repository. The new version is the last one to come out before the fourth halving reduces BTC emissions to 3,125 Bitcoins per block. Bitcoin Core 27.0 released 🎉https://t.co/Wkj7SCVXQ9 — Murch (@murchandamus) April 16, 2024 With the new release, a decade-old Bitcoin library libbitcoinconsensus has been deprecated. Also, new software…
Today, deBridge has announced $DBR, its governance token. It is an important step towards the deeper decentralization of the DeFi space. Founded in 2021, deBridge has quickly become one of the world’s leading DeFi bridges, transferring $2.35 billion for 385,000 users while exhibiting perfect security and uptime. 1/ Introducing $DBRThe next step in becoming the bridge that DeFi deserves 💜Everything you need to know about the deBridge token 🧵 pic.twitter.com/NcGsLUBDp8 — deBridge (@deBridgeFinance) May 21, 2024 DBR Token to empowering Stakeholders in deBridge Ecosystem The DBR token launch also correlates with the ethos of ensuring that the benefits of the…
The value of ethereum (ETH), the second-largest cryptocurrency by market capitalization, has increased nearly 18% against the U.S. dollar due to speculation that the U.S. Securities and Exchange Commission (SEC) might approve some spot ether exchange-traded funds (ETFs). Market Buzz Lifts Ethereum to $3,691 On Monday, ethereum (ETH) reached an intraday peak of $3,691 per coin amid swirling rumors on social media and forums about the potential SEC approval of several spot ETH ETFs. According to a report by Coindesk, three sources told the publication exchanges were allegedly instructed by the SEC to update their 19b-4 filings “on an accelerated…
The cryptocurrency market has recently seen a substantial price increase in several tokens, including Shiba Inu (SHIB), Bonk (BONK) and Dogwifhat (WIF). This surprising rally follows weaker-than-expected April jobs data, prompting speculators to shift their bets into riskier assets, including cryptocurrencies. Nonfarm payrolls grew by 175,000 in April, falling short of the Dow Jones consensus projection of 240,000. The unemployment rate rose to 3.9%, defying forecasts that it would remain at 3.8%. A broader jobless rate edged up to 7.4%, the highest level since November 2021. Following the news, traders priced in a high probability of two interest rate cuts…
This article explores how PayPal and Proof-of-Stake protocols like Tron might have attempted to influence European policy making by commissioning reports, particularly in the context of the upcoming Markets in Crypto-Assets regulation. It also examines the role of the Crypto Carbon Research Institute, which has been active in Crypto-ESG reporting since 2021 and seeks to create a narrative where Proof-of-Stake is greener than Proof-of-Work. 2021: The Beginning Dutch central banker and blogger Alex DeVries, along with Ulrich Gallersdörfer, Lena Klaaßen, and Christian Stoll, published “The True Cost of Digital Currencies: Exploring Impact Beyond Energy Use,” highlighting bitcoin’s negative impacts beyond…
The top-ranking non-fungible token collection for Monday was DMarket, which recorded sales of US$742,104, with 4,016 unique buyers and 3,648 sellers engaging in 34,740 transactions. The second-ranking collection of the day, Fantasy Top, experienced a big daily sales dip to US$682,369 from the previous day’s US$1.80 million, according to CryptoSlam’s NFT rankings. NodeMonkes claimed the third spot in the daily rankings, with sales amounting to US$642,517, a rise from the previous Sunday’s US$274,929. The collection attracted 33 unique buyers and 27 sellers, resulting in 34 total transactions. However, the day’s hot development came from CryptoPunks, which recorded US$636,242 in sales…
Ether (ETH) surged 17% to over $3,600 as favorable regulatory developments increased the likelihood of ETF approval. The CoinDesk 20, tracking the largest digital assets, rose nearly 8% amid positive regulatory progress on Ether ETFs. Ether (ETH) opened the Asia business day trading above $3,600, up 17%, as favorable regulatory developments increase the chance that an ether exchange traded fund (ETF) will soon be approved, while the yes sides of various Polymarket contracts also jumped on the news.The CoinDesk 20, a measure of the performance of the market’s largest digital assets, is up almost 8%. CoinDesk reported towards the close…
Solana witnessed a 30% drop in total value locked but the blockchain has a chance to make new highs soon. According to DefiLlama, the value of decentralized applications fell by $10 billion in April. In addition, the total value locked (TVL) of the Solana blockchain has fallen from a March peak of $4.64 billion to $3.8 billion at the time of writing. Source: DefiLlama The decline in Solana’s performance occurred against the backdrop of a decline in the excitement around meme coins in this blockchain, and the fall of Bitcoin (BTC) after its rapid growth in March. However, Tristan Frizza,…
In May 2022, Nigeria’s Securities and Exchange Commission introduced a robust regulatory framework for virtual asset service providers, including digital asset exchanges. The framework required compliance with various laws and regulations to foster market integrity, safeguard investors, and deter financial crimes. The rules mandated digital asset exchanges to register, adhere to anti-money laundering (AML) practices, report on their finances, and comply with other regulatory requirements. A 54-page document on the rules of this regulation was released to this effect. This regulatory environment, though challenging, presents a unique opportunity for the Nigerian cryptocurrency market to mature and thrive. This is an…