Author: NBTC
Speculations started swirling around when a well-known crypto voice on X, @WallStreetMav posted on X, stating that FTX founder Sam Bankman-Fried may receive an early pardon under Biden administration. To this post, Elon Musk, the owner of X and CEO of Tesla, posted his views on the situation which has sparked a debate within the community. Sam Bankman-Fried, the founder of FTX, faced a great amount of scrutiny after the exchange collapsed. The founder is also known to be the second largest donor to the Democrats. The founder and his team members donated almost $70 million during the midterm elections…
Binance has announced its 63rd project on Launchpool with the introduction of Bio Protocol (BIO), a curation and liquidity protocol designed to support the emerging field of Decentralized Science (DeSci). Binance Launchpool Unveils Bio Protocol (BIO): A DeSci Liquidity Innovation The initiative offers users the opportunity to farm BIO tokens by locking Binance Coin (BNB) and FDUSD. Launchpool Farming Details Start Date: December 24, 2024, 03:00 Duration: 10 days (until 02:00 on January 3, 2025) Airdrop Rewards: Users who lock BNB and FDUSD will receive BIO tokens as rewards. Listing and Trading Binance will list BIO on January 3, 2025…
Cryptocurrency analyst Benjamin Cowen is leaning bullish on Bitcoin (BTC) as the flagship digital asset hovers above $100,000. Cowen tells his 836,000 YouTube subscribers that if Bitcoin follows the cyclical view of booms and busts that come after the halving event every four years, BTC “could get one more push higher before the end of the year.” According to the widely followed analyst, a lower or an unchanged US unemployment rate could be bullish for Bitcoin. “So in order for Bitcoin to continue to push higher though into the end of the year and continue to follow the cyclical view…
Crypto wallets connected to the Trump family-supported World Liberty Financial project purchased millions of dollars worth of various major tokens early Thursday, causing their prices to rocket. World Liberty Financial is a unified platform where users can borrow and lend cryptocurrencies, create liquidity pools and transact with stablecoins. WLFI serves as a governance token for the platform. President-elect Donald Trump is “chief crypto advocate” of the project. Two of his sons, Eric and Donald Trump Jr., are “web3 ambassadors,” while Barron holds the title of “DeFi visionary.” Data shows the project purchased $10 million in ether (ETH), and $1 million…
The South Korean government wants to amend its Foreign Exchange Transactions Act. The amendment would require virtual assets service providers (VASPs) involved in cross-border transactions to register under the new Act and submit monthly reports of individual users’ transaction details to the Bank of Korea. According to reports, Choi Eun-Seok, a member of the National Assembly from the People Power Party (PPP), sponsored the amendment bill, citing the need to combat crypto-related money laundering and foreign exchange crimes in the country. Choi’s proposal centers on creating a system to monitor crypto transactions. Meanwhile, the lawmaker believes the rise of illegal…
This is a segment from the Empire newsletter. To read full editions, subscribe. That seems to have been Robinhood’s approach to crypto this past year, from its Bitstamp acquisition (still expected to close in the first half of next year) to its response to the Wells notice it received from the SEC. The firm has shown an interest and, dare I say, commitment to crypto. Johann Kerbrat told me that’s not changing anytime soon and, if anything, the “enthusiasm in crypto,” is serving to help the firm as it plots out the upcoming year. But even before the bullishness really…
Russia has announced a major decision to regulate cryptocurrency mining by banning it in 10 regions until 2031. The restrictions, which will start in January 2025, aim to balance energy usage while prioritizing industrial demands. Additionally, temporary mining restrictions will apply in three other regions during peak energy consumption periods. Regions Affected by the Mining Ban The Russian government has listed regions such as Dagestan, Chechnya, and the Donetsk and Lugansk People’s Republics, among others, where crypto-mining activities will be entirely prohibited. These restrictions are part of a broader effort to manage energy resources efficiently while accommodating industrial requirements. Meanwhile,…
According to Jag Kooner, head of derivatives at Bitfinex, the FED will soon have to make choices that will significantly impact the trend of the crypto markets. On December 18, the next “FOMC meeting” is expected, during which the American institution will have to express itself on the next maneuver regarding interest rates. The probabilities lean towards a moderate cut of 25 basis points, but there could also be surprises that will spill over into the prices of the speculative stock exchanges. All the details below. Bitfinex and USA macro data: economists predict a solid labor market FED ready for…
The U.S. President-elect Donald Trump is known as a crypto figure and now holds TROG more than any other crypto on his portfolio. According to Arkham Intelligence data on Dec. 12, Donald Trump holds $8.1 million on his crypto portfolio. TROG has become its largest digital asset, which accounts for more than 27% with $2.2 million. The token value on Trump’s portfolio has increased by $399k after the price surged 92.31% in just a week. Meanwhile, the token’s market capitalization also rose 26% to $4.67 million and traded around $0.0000111. Trump crypto portfolio | Source: Arkham Intelligence Ethereum (ETH) is…
The US crypto industry anticipates pro-crypto executive orders from President-elect Donald Trump as soon as his first day in office as a roadmap, Reuters reported on Dec. 23. Rebecca Rettig, chief legal and policy officer at Polygon Labs, said: “Given the tenor of the campaign, it would be imperative for executive orders to really set out what the actual priorities will be on day one and provide some kind of roadmap.” Trump’s promises to embrace crypto and position the US as a global leader in the sector have sparked excitement among crypto advocates, who see his administration as a chance…