Author: NBTC
Justin Sun, a crypto entrepreneur, recently grabbed headlines for eating $6.2 million worth of banana art, which he won from Sotheby’s Auction House. Now, he’s once again making news by announcing USDD 2.0, a new iteration of stablecoin. USDD 2.0 https://t.co/MxD01cuSOw — H.E. Justin Sun 🍌 (@justinsuntron) November 29, 2024 However, he did not share more details about USDD 2.0. Can USDD 2.0 Have Connections With Trump’s WLFI? The moves come after Justin Sun was appointed as a key advisor for World Liberty Financial after his $30 million investment in the project. WLFI is a crypto project backed by upcoming…
Key Takeaways Ammon Simon has been appointed Chief Counsel for the US Senate Committee on Banking, Housing, and Urban Affairs. Simon’s appointment is expected to influence crypto regulation, promoting innovation with investor protection. Ammon Simon has been appointed Chief Counsel for the US Senate Committee on Banking, Housing, and Urban Affairs, according to his LinkedIn announcement. Simon previously served as counsel to SEC Commissioner Hester M. Peirce, where he focused on regulatory policies for crypto assets and emerging financial technologies. During his tenure at the SEC, he worked to facilitate dialogue between the agency and industry stakeholders on matters including…
Texas-based fitness maker Interactive Strength plans to allocate $5 million in Bitcoin as part of its treasury strategy. Interactive Strength, a maker of specialty fitness equipment, said Thursday its board has approved allocating up to $5 million in Bitcoin (BTC), subject to a cap of 25% of the company’s average daily cash holdings over the past three months. In a Nov. 21 press release, the Austin-headquartered company said it plans to hold Bitcoin as a treasury reserve asset, saying the cryptocurrency’s “inflation-resistant characteristics may make it a reliable asset as a functional store of value.” Interactive Strength CEO Trent Ward…
Bhutan, a small country in South Asia, is making big waves in the crypto world. The Kingdom, which populates roughly 770,000 people and lies between India, China and Nepal, just made headlines after one of its cities adopted a crypto reserve strategy. This includes bitcoin (BTC), ethereum (ETH), and Binance’s BNB token (BNB). El Salvador has previously made bitcoin part of the country’s national reserve and several other countries, including the United States, are considering taking similar measures to strengthen its already robust economy. But Bhutan could set an example for smaller countries, where making crypto part of their national…
Nervos Network, a layer 1 blockchain powering CKB cryptocurrency, today announced its financial result for the three-month period ended September. According to the company, its third quarterly performance of the 2024 financial year played a crucial role in the firm’s growth. The firm’s trading volume significantly rose, which aligned with new waves of enthusiasm within the digital asset market. Third quarter 2024 financial highlights The company said the launch of its RGB++ Layer in Q3 2024 enabled the growth of DeFi platforms on its Nervos Network blockchain ecosystem. This also helped position its blockchain as an emerging platform for decentralized…
Gary Gensler’s tenure as the US Securities and Exchange Commission (SEC) chair has apparently been anything but smooth. With less than two weeks before he steps down, the man who’s been the face of the Biden administration’s anti-crypto agenda has opened up about the toll it’s taken on him, and let’s just say, it hasn’t been a walk in the park for Gary. He admitted that the barrage of crypto-related cases during his time at the SEC left him “traumatized.” Oh, and about Elon Musk’s D.O.G.E? He thinks it’s pointless. Speaking from his Washington, D.C. office, Gary was quick to…
Bitcoin trades at $99,340.23, approaching the $100K mark as retail investors retain market dominance. What is more interesting about this rally is the dominance of retail investors, who currently account for 88.07% of all Bitcoin (BTC) in circulation, according to The Block. Contrary to the recent claims that institutional investors are leaving retail investors behind in ownership of BTCs, the asset is still in the hands of retail investors, which underlines their stronghold in the market. This grassroots stronghold contrasts the much smaller shares held by whales at 1.26% and institutional investors at 10.68%. You might also like: Not XRP…
GOP leader and Billionaire businessman Donald Trump will be the first sitting U.S. President to hold meme coins. Magic internet money maybe, but the President has some. Once sworn in as the 47th President of the United States, Donald Trump would be the only sitting U.S. leader in history with meme coin holdings. Arkham reported roughly $8 million worth of meme coins in Donald Trump’s crypto wallet. The White House returnee holds $5.5 million of TROG tokens, $1.5 million of a TRUMP meme, 1.3 billion GUA coins valued at almost $400,000, and $167,000 TRUMPIUS. DONALD J. TRUMP WILL BE THE…
Ripple is set to receive approval from the New York Department of Financial Services (NYDFS) to launch its RLUSD stablecoin, allowing it to enter the US crypto market, according to a Fox Business report. The regulatory approval will enable Ripple to operate as a major player in New York’s regulated digital finance market and the broader stablecoin ecosystem. The report indicates that the NYDFS is set to approve Ripple’s RLUSD, with the company expecting a launch on December 4. Ripple currently operates RippleNet, a global payment network using blockchain technology to provide cross-border payment solutions for banks and businesses as…
Indian authorities have apprehended a suspect linked to a cryptocurrency fraud scheme. According to a statement from the Telangana Criminal Investigation Department (CID), the suspect was linked to the case involving the loss of Rs. 95 crores ($11 million). The statement alleged that the suspect was accused of duping 40 unsuspecting investors in the scheme. According to the Indian authorities, a preliminary investigation revealed that the suspect, a 47-year-old resident of the Jangoan District, lured investors using a fake website. The authorities claimed that his mode of operation was simple, luring victims through various WhatsApp groups. The unsuspecting victims are…