Author: NBTC
The incoming administration of President-elect Donald Trump is reportedly planning to enhance the authority of the Commodity Futures Trading Commission (CFTC). The administration seeks to grant CFTC the authority to oversee a large segment of the $3 trillion digital asset market. CFTC to Takeover SEC’s Responsibilities The initiative reflects a broader Republican strategy to reduce the regulatory scope held by the Securities and Exchange Commission (SEC) over the crypto sector, a hallmark of President Joe Biden’s administration and SEC Chairman Gary Gensler’s tenure. The CFTC, responsible for supervising the $20 trillion U.S. derivatives market, manages trading in futures, options, and…
Publicly traded bitcoin (BTC) miners are approaching the milestone of an aggregated $40 billion market cap, according to Farside data, doubling in seven months as bitcoin’s price rocketed through multiple record highs to approach six figures for the first time. Miners’ biggest challenge is revenue. The reward they receive for confirming blocks on the Bitcoin blockchain was cut 50% in April, when their combined market cap was about $20 billion. In this current epoch, only 450 bitcoin are mined a day and fees paid to miners remain at cycle lows, just 10 BTC ($946,000) on Nov. 27 according to Glassnode…
The overwhelming chatter on social media, especially Crypto Twitter is that Ethereum’s ether (ETH) is dead, a narrowly moving token.Still, the market is betting on higher ETH prices as traders pile into derivatives tied to the cryptocurrency alongside a boom in Ethereum’s blob usage.Cumulative open interest in perpetual and standard futures contracts has surged to a record 6.32 million ETH, worth over $27 billion, registering a 17% month-to-date gain, according to data source CoinGlass. An uptick in open interest alongside a price is said to validate an uptrend, and ether’s price has surged 35% to $3,400 this month, matching the…
Tether (USDT) is live on the Aptos chain, after months of preparation. The launch comes as USDT’s supply continues to rise, going above 120B tokens. Aptos has also gained ground by itself. Aptos is the latest chain to support native Tether (USDT) after more than two months of waiting. Aptos is one of the few L1 chains to expand in 2024, while most of the traffic went to L2 platforms. Tether announced native USDT is live on the chain USD₮ is now live on @Aptos pic.twitter.com/Yhjx9j7PBc — Tether (@Tether_to) October 28, 2024 Tether (USDT) has selected a limited number of…
The chief legal officer at Ripple Labs is coming down hard on the U.S. Securities and Exchange Commission (SEC) over what he perceives as the agency bragging. According to a new post on the social media platform X from Ripple CLO Stuart Alderoty, the SEC is looking at its year-in-review incorrectly. Says Alderoty, “The SEC bragging about record fines collected is like a professor boasting about their highest-ever class failure rate and the most cheating scandals. It’s not a measure of success – it’s an indictment of oversight gone terribly wrong, driven by perverse incentives.” The Ripple CLO was responding…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Energy generation is a great thing for humanity. The famous astrophysicist Nikolai Kardashev went as far as considering energy generation as the one factor to evaluate how advanced a civilization is. So, when we hear that the AI industry is projected to consume around 120 GW by 2030 or that Bitcoin (BTC) mining is estimated to be currently consuming around 17.6 GW globally, we may actually consider these as signs of advancement and progress. You might also…
Over the past couple of years, the NFT sector saw a massive decline in sales and item prices across the board. Still, the activity in the NFT space is relatively abundant, and it would be wrong to say NFTs are dead, especially if we take into account the emergence of Blur as the most active NFT marketplace, a more than +100% increase in trading volume in October, and other indicators that show NFTs are here to stay. There has been a growing debate about the sustainability of the NFT market and whether it is just a passing fad or a…
Ethereum’s price action in recent hours suggests that a significant rebound may be on the horizon. Currently trading at $3,354, the cryptocurrency has retraced to the lower boundary of a well-defined ascending channel, sparking speculation that a bullish move could push ETH toward the $3,560 resistance zone #Ethereum $ETH looks ready to rebound to $3,560! pic.twitter.com/iSdwGA8eLf — Ali (@ali_charts) November 26, 2024 According to Crypto analyst Ali Martinez, The attached technical chart outlines Ethereum’s movement within a rising channel pattern, which has been guiding its price over the past several days. This pattern is marked by higher highs and higher…
November 2024 is shaping up to be a prime month for Telegram airdrops. Six projects, among others, offer exciting early entry opportunities without any initial investment. As will be highlighted below, each of the mentioned airdrops allows participants to earn tokens by engaging in project-specific gameplay and missions. The following Telegram airdrops deliver both user engagement and potential financial reward if tokens become tradable on top exchanges like Binance and OKX. MAJOR This gaming platform invites users to complete tasks to earn tokens in early November. With listings planned for Binance and Bybit, early participants stand to gain as the…
Could a shake-up at the SEC be just what crypto needs? There’s buzz about Paul Atkins stepping in after Gary Gensler steps down. If true, it might be great news for blockchain and digital assets. Let’s dig into why Atkins is getting so much attention—and what he could change for the better. What Makes Paul Atkins Different? First, you’ve got to know Atkins isn’t new to the SEC. He served as a commissioner from 2002 to 2008, under three different chairmen—talk about experience! Unlike Gensler, whose policies left crypto firms scratching their heads, Atkins seems to get it. He’s all…