Author: NBTC
Argo Blockchain’s interim CEO, Jim MacCallum, bought more than 70,000 of the company’s shares in an insider transaction. Jim MacCallum, Argo Blockchain‘s interim chief executive, purchased 75,000 of the company’s shares in the form of American Depositary Receipts — U.S.-traded shares representing foreign company stock — between Jan. 29 and Jan. 30, the company revealed in a regulatory filing. The shares were bought on Nasdaq prices ranging from $0.4550 to $0.4700 each, the filing reads. In total, MacCallum spent around $34,625 on the shares, with an average price of $0.4617 per ADR. The insider purchase was disclosed as required by…
According to the data revealed by Shibburn, over the past day, the burn rate of the prominent meme coin Shiba Inu has demonstrated a massive crash. However, the coin’s price reacted unexpectedly. SHIB price defies SHIB burns A tweet recently published by the aforementioned data source revealed that over the last day the SHIB burn metric plunged by more than 55%. The amount of meme-inspired coins burned in the process totalled 9,380,103 SHIB. The largest single burn transfer amounted to 8,910,223 SHIB coins. A day before, the largest burn transaction carried 18,973,108 SHIB and 1,000,000 SHIB to unspendable blockchain wallets.…
On Feb. 5, 2025, the Federal Deposit Insurance Corporation released 175 documents from the Biden-era FDIC correspondence ahead of the U.S. Senate Banking Committee GOP hearing on the debanking of crypto companies. New documents reveal new details of the so-called “Operation Choke Point 2.0.” Table of Contents What’s inside the new batch of the FDIC correspondence An unexpected ally What’s next? Following Trump’s inauguration, a pro-crypto team took the FDIC over and sided with Coinbase in the battle against the alleged debanking of the companies working with cryptocurrency. In 2024, Coinbase sued the FDIC. The move allowed the company to…
Richard Teng, the chief executive officer (CEO) and the world’s largest cryptocurrency trading platform Binance, has taken to his official account on the X social media network (widely famous as Twitter in the past) to reaffirm the things Binance to focus on this year. Teng shares things Binance to focus on in 2025 He stated that the things Binance focuses on remain clear, enumerating them for the crypto community: “Continuous education. Enhanced user protection. Leading compliance standards.” Our focus remains clear:🔸 Continuous education🔸 Enhanced user protection🔸 Leading compliance standards — Richard Teng (@_RichardTeng) February 4, 2025 Earlier this week, Binance’s…
Jurrien Timmer, the director of global macro at Fidelity Investments, says that Bitcoin stole the show in 2024 its impressive rally that allowed the cryptocurrency to finally clear the $100,000 mark. He also noted that gold’s stellar performance was “especially impressive” given that it is the most negatively correlated asset. Timmer added that the markets ended the same way they began last year, with Bitcoin and gold being in charge alongside some leading U.S. stocks. However, it remains to be seen whether this dynamic will play out this year. “Whether 2025 will be the year that flips these polarities around…
Ethereum has long been the undisputed king of smart contract platforms. However, as 2025 progresses, cracks in its foundation have begun to show. The Ethereum Foundation (EF), a nonprofit organization tasked with stewarding the blockchain’s development, is facing one of its most turbulent moments yet. EF’s Leadership Turmoil: Conflict of Interest and Transparency Issues Leadership shakeups, internal conflicts, and a controversial $165 million DeFi investment have raised concerns over Ethereum’s governance and neutrality. These struggles have come at a critical moment. The crypto market is changing, and new contenders are emerging as serious challengers for Ethereum’s position as the second-largest…
President Donald Trump’s buddy, China’s President Xi Jinping, is hustling to fix things with America before the highly-expected trade war kicks off on Monday. He’s calling for a truce in a fight he never started, a fight he desperately tried to stop. According to a report from Wall Street Journal, Beijing is preparing to offer President Trump a trade deal designed to delay or eliminate the 10% tariffs he announced against China on Saturday, as well as technology restrictions. Reportedly, the proposal focuses on reviving the 2020 Phase One trade deal, which fell apart before it could deliver. But this…
In the last 24 hours, Toncoin (TON) has seen a significant surge in large transaction volume, which indicates whale activity. According to IntoTheBlock data, TON’s large transaction volume has risen 104% in the last 24 hours to reach $8.13 billion. A surge in large transaction volume often reflects increased activity from whales, buying or selling. The spike in TON’s whale activity coincides with a wave of short liquidations on the market. At the time of writing, TON was up 2.79% in the last 24 hours to $5.39, reflecting the current crypto market recovery, which has seen $127 million in shorts…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. About two weeks after the SEC formed a crypto task force, unit leader Hester Peirce checked in. The rough message: We’re working on a bunch of things, but please be patient. Peirce (no surprise) criticized the previous path taken by the SEC. It “incessantly slammed on the enforcement brakes as it lurched along a meandering route with a destination not discernible to anyone.” Further, its handling of crypto “has been marked by legal imprecision and commercial impracticality” (in case you didn’t already know how Peirce felt).…
According to an email sent to concerned users, FTX creditors are set to receive their first refunds starting February 18. The refunds are currently available to FTX Bahamas creditors classified under the “eligibility class,” which includes claims under $50,000. The once-leading cryptocurrency exchange collapsed in November 2022 after a liquidity crisis led to mass withdrawals that FTX was unable to honor. Former CEO Sam Bankman-Fried was later found guilty of embezzling customer funds to cover multibillion-dollar losses at sister firm Alameda Research. As part of the refund plan, nearly all affected customers are expected to receive around 119% of the…