Author: NBTC

French regulators banned unregistered crypto-asset ATMs operating within the country, targeting businesses that provide illegal digital asset services. The French Financial Markets Authority (AMF) collaborated with the Paris inter-regional jurisdiction (JIRS) to carry out a series of investigations, leading to search and seizure operations in June and December 2024. The crackdown followed concerns about heightened money laundering and illegal crypto-asset services. With the rise of crypto ATMs that enable users to buy or sell digital assets like Bitcoin using cash, French regulators are doubling down on enforcing strict compliance under the Monetary and Financial Code. Under French law, crypto-asset ATMs,…

FTX has set the effective and record date for its Chapter 11 reorganization plan as January 3, 2025. FTX will distribute initial funds within 60 days of the effective date. FTX and its affiliated debtors announced that their Chapter 11 Reorganization Plan, approved by the Court, will become effective on January 3, 2025. This date is also the record date for the Initial Distribution to permitted claimants in the Eligible Classes of the Plan. The first distribution is expected to occur within 60 days of the plan’s launch, while participation will be contingent on meeting know-your-customer (KYC) and other distribution…

Financial commentator Peter Schiff recently escalated his anti-Bitcoin rhetoric, going as far as calling the largest cryptocurrency by market cap “public enemy number one” in his recent post on the X social media. Schiff accused Bitcoin advocates of bribing government officials to “squander” the public’s money buying the cryptocurrency. Now, he claims that Bitcoin is a national security threat, not just a speculative bet for private citizens. Schiff’s scathing criticism comes amid ongoing debates about whether or not the US should establish a state-owned Bitcoin reserve. As reported by U.Today, MicroStrategy co-founder Michael Saylor recently argued that the US government…

SoftBank Group Corp. CEO Masayoshi Son plans to announce a $100 billion investment in US artificial intelligence infrastructure during a meeting with President-elect Donald Trump at Mar-a-Lago on Monday, according to CNBC. The initiative also targets the creation of 100,000 jobs across the US over the next four years, focusing on key AI development areas like semiconductor manufacturing, data centers, and energy production infrastructure. The investment is expected to draw capital from the existing SoftBank Vision Fund and new investment projects, following a similar structure to Son’s 2016 US investment initiative. SoftBank’s CEO said in an interview with Bloomberg earlier…

The Ripple CTO David Schwartz confirms that the decision to lower the XRP Ledger (XRPL) account reserve fees unlocks more XRP accounts. As crypto adoption grows, blockchains are constantly evolving to serve users better and improve experiences. The XRP Ledger (XRPL), the blockchain behind the XRP token, is no different. Earlier this month, the community reduced the XRPL account reserve to encourage adoption. With the evaluation of the XRPL account reserve set to be a continuous and evolving process, Ripple CTO David Schwartz, one of the key architects of the XRPL, has offered suggestions to ensure better stability and predictability…

Coinbase disclosed in a transparency report that it received 10,707 requests from global law enforcement and government agencies over the past year, an 18% decline from the previous reporting period. For the third consecutive year, the US submitted the highest number of requests from law enforcement and government agencies despite a decline this year. Outside the US, Coinbase experienced notable decreases in law enforcement requests from key markets. Requests declined significantly in Germany, the UK, and Spain, by 33%, 45%, and 35%, respectively. In contrast, Singapore stood out with a 221% increase in requests, jumping from 34 in 2023 to…

Binance expands trading limits for BFUSD users across VIP levels. In an official announcement, Binance announced the increase in the maximum position limits for Binance Futures’ unique yield-based margin asset, BFUSD. The upgrade, which will increase trading capacity and flexibility for users in VIP levels 0 through 9, goes into effect on December 17, 2024, at 15:00 (UTC+8). Traders can use BFUSD as a margin for USDT-M futures contracts and receive USDT rewards every day. With VIP 0 limits growing from 250,000 BFUSD to 400,000 BFUSD and VIP 9 limitations rising from 5,000,000 BFUSD to 8,000,000 BFUSD, the new restrictions…

Bitcoin’s Price Temperature (BPT) of 3.2 hints at potential market growth, with projections reaching $178K by 2025 if demand surges. Historical peaks in Bitcoin’s Price Temperature above 6 have coincided with major price rallies, such as in 2013 and 2017. Bitcoin’s moving averages and BPT levels together offer a clearer view of long-term trends and potential market cycles. Bitcoin’s Price Temperature (BPT) recently reached 3.2, a critical point in its market cycle. BPT, a key indicator of Bitcoin’s market heat, may signal price increases if it rises further. According to market analysis by Crypto analyst Axel on X, levels between…

Martin Shkreli, also known as Pharma Bro, has criticized Michael Saylor for implementing a bitcoin playbook for Microstrategy, stating that it cannot end well. Shkreli revealed that he was short Microstrategy, explaining that it was both fun and “a little painful.” ‘Pharma Bro’ Martin Shkreli Blasts Michael Saylor, States It Will ‘Not End Well’ for Microstrategy Martin Shkreli, known as “Pharma Bro” for his conviction linked to the healthcare industry, has called out Microstrategy’s co-founder and executive chairman Michael Saylot for his applied bitcoin playbook. Saylor pioneered the idea of purchasing bitcoin as a reserve asset for institutions. Microstrategy’s business…

Ripple’s USD stablecoin, RLUSD, officially launches today, Dec. 17, marking a major entry for the company into what may become a $2.8 trillion market in the near future. Monica Long, President of Ripple, described the launch as a milestone for both Ripple and XRP Ledger, as the stablecoin is set to play a key role in Ripple’s payments ecosystem. RLUSD builds on Ripple’s experience in the payments industry, where the company handles over $70 billion in flows annually, said Long. She noted that RLUSD is credible, useful and compliant, and it is focused on meeting the growing demand for stable…