Author: NBTC
Public Citizen, a consumer advocacy group, has urged the Department of Justice (DOJ) and the Office of Government Ethics to investigate President Donald Trump’s promotion of his memecoin ‘TRUMP’ for allegedly violating federal laws against soliciting gifts. In the open letter, the advocacy group addressed the DOJ’s Public Integrity Section and the OGE, arguing that Trump’s promotion of the so-called “Trump Meme” token could breach 18 U.S.C. § 201, which prohibits government officials from ‘soliciting gifts’. While federal law allows the president to receive gifts, the guideline still explicitly prohibits solicitation, coercion, or acceptance in exchange for official acts. Public…
Bithumb, one of South Korea’s leading cryptocurrency exchanges, has announced that it will temporarily suspend deposits and withdrawals for CertiK (CTK) in order to support an upcoming mainnet upgrade. Bithumb to Temporarily Suspend Deposits and Withdrawals for CertiK (CTK) Due to Network Upgrade This move aims to ensure the stability and security of deposit and withdrawal services throughout the upgrade process. Basic Details of Suspension Affected Entity: CertiK (CTK) Suspension Start: February 6, 2025, 18:00 Rationale: To support CertiK network upgrade and maintain stable deposits and withdrawals in accordance with Article 17 of the Virtual Asset User Protection Law Implementation…
The bitcoin (BTC) market resembles an iceberg at the moment, with the surface revealing a dominance of sellers that paints an overtly bearish sentiment. However, at deeper levels beneath the surface, bargain hunters are quietly waiting to snap up coins and potentially put a floor under prices. On the major spot and perpetual futures exchanges, the uptrend at the quote level, the going market rate, has flipped to a downtrend, indicating more traders are willing to sell at the market price, according to data source Hyblock Capital. The order book depth from quote level (0%) and 1% shows a similar…
Ether, the second-largest cryptocurrency by market value, crashed hard Monday as prospects of a U.S.-led trade war weighed on risk assets. Data shows investors likely bought the dip, snapping up coins at lower prices. According to analytics firm IntoTheBlock, ether worth almost $1 billion left centralized exchanges Monday, the highest single-day net outflow since January 2024. “This indicates traders took advantage of the drop to accumulate ETH,” IntoTheBlock said in a Telegram broadcast. Ether’s price crashed as low as nearly $2,000 on some exchanges as market liquidity deteriorated and dealers scrambled to offload futures. While prices have recovered to $2,800,…
Anthony Scaramucci’s career in finance started off with a seven-year stint at Goldman Sachs (NYSE: GS) as an investment banker. In 2017, during Donald Trump’s first term in office, he was appointed White House Communications Director. However, Scaramucci’s role in the public sector was not to last — just ten days after he was appointed, he was dismissed, after a well-publicized spat with Reince Priebus. Following this, he went on to found SkyBridge Capital. The former Communications Director is an outspoken cryptocurrency bull — having allocated over 50% of his net worth to Bitcoin (BTC) alone, per statements made in…
Shiba Inu (SHIB), the dog-themed meme coin, has witnessed a massive transaction surge in the last 24 hours. Over 2.8 trillion SHIB tokens have been transacted on the leading cryptocurrency exchange, Binance. Available data shows that 2,816,572,700,000 SHIB has hit Binance in active trading. SHIB whale activity and market implications Analysts have attributed the bulk of these transactions to whale traders. Although the actual factors driving the activities of these whales have not been revealed, the move remains significant to the ecosystem. Transacting such a staggering volume of SHIB tokens on Binance might suggest one of several possible scenarios. Primarily,…
Coinbase urges regulators to ease crypto banking limits, citing unfair restrictions that hinder industry growth and stability. US banks avoid crypto firms due to unclear rules, forcing Coinbase to push for transparency and fair financial access. Political debates heat up as lawmakers question regulatory overreach, with Trump signaling a more crypto-friendly approach. Coinbase is pressing US regulators to ease banking restrictions for cryptocurrency firms. The exchange calls for clear rules allowing banks to offer crypto services. This move follows years of regulatory uncertainty, which has kept traditional banks away from the digital asset industry. According to Coinbase, these limitations have…
Bybit registers with India’s FIU, ensuring compliance and moving closer to full operations. Bybit expects to receive its full operational license within weeks, resuming business smoothly. The company is also seeking a VDASP license, allowing complete access to India’s crypto market. Bybit, one of the world’s largest crypto exchanges, has taken a major step toward resuming full operations in India. The company has successfully registered with India’s Financial Intelligence Unit (FIU), clearing a significant regulatory hurdle after past compliance issues. Bybit Secures FIU Registration On February 5, Bybit announced that it had officially registered with India’s FIU, a critical requirement…
Bitcoin has faced intense selling pressure since Tuesday, following a strong breakout above the $100K mark. The rally, which many investors hoped would solidify Bitcoin’s bullish structure, quickly reversed, driving the price down to a low of $92,500. The sudden downturn has rattled market sentiment, leaving investors cautious about the immediate direction of the crypto market leader. Top analyst Axel Adler has shared crucial data on X, highlighting Bitcoin’s nearest support levels. According to Adler, the key levels to watch are between $86.8K and $89.7K, representing the short-term holders’ realized price. These metrics suggest that Bitcoin is approaching a significant…
A month into 2025, Ethereum faces growing uncertainty despite its established dominance in the smart contract space. While ETH registered notable gains in 2024, it lagged behind major competitors like Solana, XRP, and SUI, raising concerns about its ability to maintain market leadership. The Ethereum Foundation also had a challenging year, dealing with transparency issues, leadership shifts, and increasing skepticism from the community. With experts divided on Ethereum’s future, the question remains: Does it still offer strong investment potential, or are alternative ecosystems becoming more attractive? Ethereum is Lagging Behind Major Competitors In 2024, Ethereum ended the year with a…