Author: NBTC
Empower Oversight has filed a lawsuit against the U.S. Securities and Exchange Commission for failing to disclose a long-awaited report on ethical conflicts and selective enforcement within the agency. The SEC Office of Inspector General completed the report more than a year ago, but the agency has yet to release it despite repeated Freedom of Information Act requests, according to the lawsuit. The lawsuit seeks to compel the SEC to disclose findings related to former SEC Division of Corporate Finance Director William Hinman. The investigation focuses on potential conflicts of interest involving Hinman’s ties to his previous law firm, Simpson…
Travala, the travel website that accepts payments in cryptocurrency, has teamed up with trivago (TRVG), adding its inventory of 2.2 million properties to the hotel search platform. When trivago users select a Travala hotel they will be redirected to the website, where they will have the option of paying in bitcoin (BTC), ether (ETH) and dozens of other cryptocurrencies, the company said in an emailed statement. Travala has already secured similar tie-ups with travel search sites Skyscanner in September last year and Kayak in November 2023. The agreement with trivago adds to the real-world uses for cryptocurrencies, with hotel bookings…
Privacy-focused coins and blockchains enjoy a steady demand despite continued backlash from regulators around the world. Governments argue that privacy coins are untraceable, posing a significant risk to financial security and accountability. However, financial privacy is a standard expectation in traditional systems—we don’t allow anyone to track our bank account just because we bought an ice cream. Zano, the L1 blockchain for confidential assets and private dApps, has partnered with Cake Wallet, one of the biggest non-custodial wallets among privacy enthusiasts, to make privacy features more accessible and user-friendly for the web3 community. Zano was founded by Andrey Sabelnikov, the…
Following the report released by the Institute for Supply Management (ISM), sentiment across the cryptocurrency landscape has shifted towards the bearish side for a short period. Amid this, Bitcoin (BTC) the world’s largest cryptocurrency by market cap has experienced a price decline of over 10% and has reached a crucial level. $1.02 Billion Worth of BTC Outflow from Exchanges It has been three days since the market witnessed a continuous price decline, but one thing gathering significant attention from crypto enthusiasts is the ongoing accumulation by long-term holders, as reported by the on-chain analytics firm Coinglass. Source: Coinglass Data from…
Donald Trump’s new tariff move against China and some other countries caused a sharp decline in Bitcoin and altcoins. Although BTC and altcoins recovered afterwards, an analyst said that the price of Ethereum (ETH) could fall even further if the US-China trade conflict escalates. Andrew Kang, co-founder of crypto investment firm Mechanism Capital, said in a post on his X account that if the trade conflict between the US and China continues, the Ethereum (ETH) price could drop to between $2,200 and $2,400. Kang also noted that the $2,900 to $3,000 range could be a short-term resistance level for ETH.…
President Donald Trump is moving forward with his administration’s plans to establish tariffs after facing heavy criticism due to the effects of the executive order signed recently. Trump accused everyone against tariffs of being controlled by foreign entities, including China. President Trump Propels Tariffs, States Critics Are Being Controlled The establishment of sweeping tariffs for imports coming from Canada, Mexico, and China to the U.S. has rattled the markets, causing reactions at a worldwide level. President Trump signed an executive order on February 1st, putting an import tax of 25% on all Mexican and Canadian products entering the U.S. Trump…
An unexpected ripple has spread across the cryptocurrency market as XRP became the focus of a significant transaction reported by Whale Alert. Over 30.17 million XRP, worth about $80.6 million, were moved in one go from an unknown wallet called “rUvEC” to a Coinbase address called “rRmgo.” What does a transaction like this signify? Opinions are split. A transfer of this scale to a major exchange often triggers concerns about a potential sell-off. The logic is straightforward: a large unknown holder might intend to sell their XRP into fiat or other assets, which could pressure prices. But if it is…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Congress has been busy (by its standards, at least) on the crypto front. First, David Sacks — the country’s first AI and crypto “czar”— hosted an inaugural press conference, during which he declared a commitment to keeping digital asset innovation in the US. House and Senate Committee leadership also took this opportunity to unveil a new bicameral crypto working group. If this sounds like a committee of committees, it’s because that’s pretty much exactly what it is. Meanwhile, Sen. Bill Hagerty introduced a new stablecoin bill.…
Blockchain devices have seen “extraordinary growth” in 2023-2024, stimulated by government use, innovation and “growing acceptability” in the industry, a report by SNS Insider claims. The report also stated that the blockchain devices market size is expected to climb to $16.81 billion by 2032 from its present level of $900 million. The projected spike represents a compound annual growth rate (CAGR) of 38.44% over an eight-year period. SNS Insider’s prediction cites rising state-level adoption of blockchain solutions as a key driver for the ecosystem’s growth, with governments exploring digital IDs and novel ways to stifle fraud. Another factor behind the…
As Bitcoin declines back to $98,000 levels, Ethereum struggles to hold its recovery. With an intraday pullback of 5.36%, Ethereum is back to trade at $2,729. Currently, Ethereum is hinting at an extended downfall as it fails to reclaim the $3,000 mark with the last-night recovery run. Will the concurring bullish failure in Ethereum price trend result in an extended downfall? World Liberty Financial’s Strategic Reallocation Amid the recent market shakeout, Donald Trump’s World Liberty Financial has made high-volume movements in its crypto holdings under regular treasury management. In a recent X post, the fund highlighted, “To be clear, we…