Author: NBTC
Australian Treasurer Jim Chalmers believes cryptocurrency can modernize the country’s financial system. RBA Governor Skeptical of Bitcoin Australian Treasurer Jim Chalmers says cryptocurrency can help modernize the country’s financial system and should not be hindered by excessive regulation. While acknowledging legitimate concerns about crypto’s use by criminals, Chalmers noted that Donald Trump’s re-election has prompted a reevaluation of the sector’s importance. According to the Sydney Morning Herald, Chalmers suggested cryptocurrency could play a key role in revamping Australia’s financial system. However, his comments contradict those of Reserve Bank of Australia (RBA) Gov. Michele Bullock, who stated that cryptocurrencies like bitcoin…
Key highlights: EOS mainnet gains institutional-grade custody support from Ceffu, Binance’s custody partner, offering secure asset management. MirrorX integration allows fund managers to leverage Binance’s liquidity while tapping into decentralized finance protocols. Updates to EOS’s tokenomics and ecosystem emphasize its growing utility and appeal to institutional investors. EOS ecosystem drives institutional collaboration The EOS Network Foundation (ENF) has announced a partnership with Ceffu, the institutional custody platform associated with Binance, which now supports the EOS mainnet. This collaboration brings secure custody services to EOS token holders and unlocks CeDeFi strategies through Binance’s MirrorX. Ceffu’s advanced multi-party computation (MPC) and customizable…
Illegal crypto ads remain widespread as the FCA struggles to crack down, data shows. The British Financial Conduct Authority has failed to remove all illegal crypto ads as nearly half of flagged promotions still online, the Financial Times has learned, citing data obtained through a freedom of information request. Between October 2023 and October 2024, the FCA issued over 1,700 alerts about illegal crypto ads, apps, and websites. However, less than 55% were taken down. The FCA has the power to fine or prosecute companies that break new rules requiring crypto ads to be approved by the regulator or an…
Just hours after the U.S. election results were announced, I received messages from friends filled with striking assumptions. Some congratulated me, mockingly saying, “Congrats, your side won for Bitcoin.” Others expressed disapproval with remarks like, “It’s pathetic!” and “I’m shocked that Americans just voted for Hitler.” One friend said, “You were lucky to find safety in the U.S. as a refugee under Biden’s administration. Refugees and asylum seekers will now face a harder time here, but, hey, it’s still good for your Bitcoin.” Many of these friends work in high-level corporate jobs or are university students. As a Green Card…
Tether CEO Paolo Ardoino reveals some of the stablecoin firm’s recent investments in a variety of sectors, ranging from Bitcoin mining, TradFi to payments for commodity trades. During ann interview at the Emergence Conference in Prague on Dec. 5, Paolo Ardoino stated that Tether (USDT) has made more than $13 billion in profits. Tether currently has more than $135 billion in market cap and more than $6 billion in additional excess equity. Those funds are used to expand on Tether’s ever-growing stablecoin investment portfolio. “When the stable coin and the rest has been invested outside the preservers as a separate…
Throughout the years, Russia has been sending conflicting signals over its relationships with cryptocurrencies. Lately, the Kremlin seemingly started to embrace crypto. Is this actually the case? Table of Contents Early crypto regulations in Russia The reason behind the Crypto Thaw Bitcoin mining, dollar undermining Final thoughts Early crypto regulations in Russia Until the 2020s, cryptocurrency in Russia had effectively existed in a gray zone. In July 2020, President Vladimir Putin signed a digital finance asset (DFA) regulation that allowed crypto transactions while prohibiting residents from using crypto as a means of payment. DFAs can be used by the banks…
Bitcoin consistently captures headlines, and over the years, November 28 has emerged as a pivotal date in its history. On this day in 2013 and 2017, Bitcoin surged to new ATHs, sparking global interest and investor enthusiasm. As we approach November 28, 2024, the question arises: Can Bitcoin replicate its past performance and soar beyond $100,000? A Look Back: November 28, 2013, and 2017 November 28, 2013: Bitcoin celebrated its first ATH by surpassing $1,000. This milestone was the result of a rapid ascent fueled by growing awareness, increased adoption, and excitement surrounding the disruptive potential of Bitcoin. At the…
DWF Labs is introducing AI trading agents that could change the way crypto markets operate. These agents, built for autonomous portfolio management, aim for greater precision and better efficiency to market-making. Co-founder Andrei Grachev called the technology a major step forward for crypto trading, combining innovation with practicality. AI Trading Agents @DWFLabs is finalizing development of pioneering AI trading agents that are able to successfully manage portfolios completely autonomously. These AI agents are already in the process of integration into the workflows of our trading system — Andrei Grachev (@ag_dwf) December 31, 2024 At present, the AI agents are being…
Shiba Inu lead developer Shytoshi Kusama has publicly addressed the growing controversy surrounding the Hawk Tuah (HAWK) meme coin after its disastrous launch. In a series of tweets, Kusama detailed his interactions with the Hawk Tuah team and cleared up confusion regarding his involvement with the project. He explained his reasons for rejecting their proposals and distancing himself from the token’s controversial launch. No Partnership, No Endorsement Kusama revealed that the Hawk Tuah team approached him months ago to become a Key Opinion Leader (KOL) or influencer for the project. However, he declined the offer, stating that he had more…
Celsius Network filed a notice of appeal on Dec. 31, contesting Judge John Dorsey’s decision to disallow the bankrupt crypto lender’s $2 billion disparagement claim against defunct crypto exchange FTX. The appeal, now slated for review in the District Court, marks the latest development in the ongoing legal confrontation between the two embattled crypto firms. Allegations of disparagement The appeal stems from Celsius’ assertions that defamatory statements made by FTX executives, employees, and affiliates negatively impacted the company’s reputation and financial health, allegedly accelerating its bankruptcy in July 2022. Celsius contended that FTX’s public comments reduced confidence in its services,…