Author: NBTC
Gary Gensler will leave his SEC role in January 2025 after years of focused crypto enforcement. The SEC now faces delays in policies as leadership awaits Trump’s nomination for a new chair. The crypto industry remains in uncertainty over rules as the SEC struggles to define digital assets clearly. Gary Gensler has announced he will step down as Chair of the U.S. Securities and Exchange Commission (SEC) on January 20, 2025. His tenure, which began in April 2021, was defined by strict enforcement actions targeting the cryptocurrency industry. During this time, the SEC pursued 96 cases addressing alleged fraud, wash…
Glacier Network, a data-centric blockchain company, has announced its exclusive collaboration with OMNIA Protocol. The partnership targets to transform the blockchain and AI ecosystems in terms of operations and scalability. The company disclosed this endeavor on the social media platform X. ✈️ Back to building!Excited to partner with @omnia_protocol, a smart RPC, #DePIN & AI infrastructure for a more secure, scalable and resilient Web3 ecosystem.To us, this is all about delivering real value to developers, builders, and our community.https://t.co/3aLq1FyUid — Glacier Network 🧊 $GLS (@Glacier_Labs) December 22, 2024 Glacier Network Joins Forces with OMNIA Protocol to Expand Blockchain and AI…
Bitcoin has shattered previous records, soaring past the $100,000 milestone for the first time ever to reach an all-time high of $104,088 late Wednesday in New York. The flagship cryptocurrency had dipped to $94,587 on Wednesday but staged a remarkable comeback. Several key factors contributed to this unprecedented surge: #1 Fed Chair Powell Compares Bitcoin To Gold In a significant acknowledgment from the traditional financial sector, Federal Reserve Chair Jerome Powell discussed Bitcoin during the New York Times DealBook Summit. When questioned about the perception of Bitcoin as a symbol of faith or lack thereof in the US dollar and…
Ethereum bearish pressure strengthened following recent selling activity across long-term and short-term holders. Whales have been weathering the selling pressure after increasing their holdings by 410K ETH. ETH could decline toward the $3,000 psychological level if it breaches the $3,250 support. Ethereum (ETH) is up 4% on Monday despite increased selling pressure across long-term and short-term holders in the past two days. If whales fail to maintain their recent buy-the-dip attitude, ETH risks a decline below $3,000. Ethereum investors step up selling pressure, whales buy the dip Ethereum has been witnessing a surge in bearish sentiment after experiencing double-digit losses…
The popular non-fungible token (NFT) marketplace Magic Eden has seen the ME Foundation recently launch its ME token via an airdrop to the platform’s users. One airdrop farmer, according to blockchain data, managed to make over $2 million through it via 1,350 wallets. According to data shared by on-chain analysis platform Lookonchain, the airdrop hunter managed to claim 398,399 ME tokens worth around $2.14 million via their 1,350 wallets, and sold 54,930 ME for a $477,000 gain on a decentralized exchange at $8.68, while transferring the remaining tokens to leading cryptocurrency trading platform Binance. The tokens sent to Binance were…
The United Arab Emirates’ Interior Ministry has signed a memorandum of understanding with the Financial Services Regulatory Authority to combat virtual assets-related crime. Strengthening Risk Mitigation Frameworks The United Arab Emirates (UAE)’s Interior Ministry has signed a memorandum of understanding with the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to enhance coordination in combating virtual assets-related crime. The agreement commits the ministry and the authority to share information and strengthen risk mitigation frameworks. According to a report, the agreement also aims to support the UAE’s strategy to protect its financial system against evolving threats in…
A few days after Metamask and Mastercard came together to launch a pilot program for a crypto debit card in the US, crypto purists are not having it. A large section is criticizing the move, saying that it undermines the ethos of cryptocurrency. With the debit card, users can spend directly from their Metamask wallets, simplifying crypto transactions. They can convert their crypto into fiat currency in real-time as they transact through Linea, a speedy layer-2 network from Ethereum. Disgruntled crypto stakeholders raise concerns The launch of the Metamask debit cards has raised serious concerns among crypto users. They argue…
Analog has officially launched its mainnet, marking a major upgrade in blockchain interoperability. The Proof-of-Authority (PoA) network serves as a foundation for future upgrades, including Nominated Proof of Stake (NPoS) consensus, cross-chain messaging, and advanced data queries. These updates will be rolled out during Analog’s token generation event (TGE), the date of which has yet to be announced. Analog Mainnet Debuts After Massive Success in Testnet The mainnet launch follows a three-phase testnet involving over 345,000 accounts and the creation of 1.9 million cross-chain datasets. This extensive testing period allowed developers to optimize features and prepare the platform for real-world…
Ki Young Ju, the founder of the analytics platform CryptoQuant, has warned investors not to succumb to the temptation of selling their Bitcoin hastily. This warning comes as Bitcoin ultimately broke through the $100K mark, one of its highest psychological resistance levels. Bitcoin has since peaked at $103,900 before settling slightly below that level. Prior to this milestone, some analysts speculated that the market could experience a significant downturn after Bitcoin crossed the $100K threshold, with many anticipating profit-taking at such a major psychological level. However, according to analysts like Young Ju, selling at this point could be costly. “Don’t…
Matrixport, a leading cryptocurrency analytics firm, has expressed a cautious outlook for Ethereum and other altcoins in its latest daily market analysis. The firm noted that the recent rally in Ethereum’s price appears to be temporary and has limited potential for a sustained recovery. According to Matrixport, Bitcoin continues to dominate the cryptocurrency market, as reflected by its rising dominance rate. This trend highlights Bitcoin’s ability to maintain its position as a primary driver of market sentiment and activity. In contrast, Ethereum’s dominance has been steadily decreasing, a trend that began with the launch of ETH ETFs in early summer…