Author: NBTC
Ethereum NFT and gaming project CyberKongz said Tuesday that the U.S. Securities and Exchange Commission (SEC) has ended its investigation into the project, adding to the growing list of concluded investigations from the regulator since the shift to a more crypto-friendly administration under President Donald Trump. The project, which said that it had been in contact with the Commission for at least two years, announced the receipt of a Wells notice from the regulator in December. A Wells notice informs recipients that the SEC is considering taking enforcement action against them, but now that investigation has ended without findings or…
A trader who nailed the Bitcoin market top earlier this year believes BTC will witness a period of falling prices in the coming months. Pseudonymous analyst Bluntz tells his 318,000 followers on the social media platform X that he thinks Bitcoin is already in a bear market that will last about two years. The trader shares a chart suggesting that he arrived at that time frame by measuring the length of the most recent Bitcoin bull market, which he says lasted from December 2022 to January 2025. “Time-wise will probably last into 2027 in my opinion, give or take 25%.”…
Tether, the global giant of digital assets and leading stablecoin issuer, announced a significant strategic investment in Fizen Limited, a fintech company at the forefront of self-custody crypto wallets and digital payments. The operation represents a significant step in the shared mission of the two companies: to make transactions in stablecoin more accessible, secure, and intuitive for users and businesses around the world. The collaboration between Tether and Fizen lays the foundation for a future in which cryptocurrencies are no longer niche instruments, but payment solutions integrated into daily life, capable of bridging the gap between blockchain technologies and the…
The Securities and Exchange Commission (SEC) is resisting a request from Elon Musk’s Department of Government Efficiency (DOGE) to gain read and write access to specific agency records. According to individuals familiar with the matter, DOGE member Eliezer Mishory asked Acting Chairman Mark Uyeda to let him review and modify internal staff emails, personnel files, contracts, and payment systems. Bloomberg reported that SEC leadership, including Uyeda, has pushed back on the request. It is not clear if Mishory or anyone on the DOGE team has been allowed to view or edit the data in question. As the country’s top securities…
Odious financial commentator Peter Schiff took a sarcastic jab at Strategy co-founder Michael Saylor after the latter tweeted that one Bitcoin equals one Bitcoin following the recent market crash. “Correct, and that’s all it equals,” Schiff quipped in response to the maximalist mantra. Schiff has long argued that the largest cryptocurrency has no intrinsic value. During the most recent stock market sell-off, Schiff repeatedly pointed out that the leading cryptocurrency cannot act as a store of value due to its correlation with stocks. “Gold can exist as a store of value, safe haven, and inflation hedge. Bitcoin can exist as…
The competition for stablecoin dominance is entering a third phase and companies such as Tether, issuer of the largest token, and Circle, the No. 2, are setting up their positions as the industry faces increased regulation in the form of the European Union’s Markets in Crypto Assets (MiCA) regime and U.S. legislation that is working its way through Congress, according to digital asset cryptography and custody specialists Fireblocks. This latest stage will feature banks, large and small, as well as incumbent payment firms that are weighing up the best way to integrate the tokens into their existing businesses, according to…
The popular line in D.C. these days is that 2025 is the most important year crypto policy will ever have. Federal agencies are reshaping their digital asset policies at a mile a minute; foundational crypto bills are sprinting through both chambers of Congress; meanwhile, the president continues to enact policies the industry has craved for years. In response, backers of the world’s biggest blockchains have rushed to set up specialized shops in Washington, to make the most of crypto’s big moment. At the start of the year, the Bitcoin Policy Institute—which previously had only three full-time staff members—tripled in size…
TL;DR Sui will integrate Babylon’s Bitcoin staking protocol and operate as a Bitcoin Secured Network in Phase 3 of the expansion plan. The integration allows BTC staking without bridges or custodians. Babylon will apply its protocol over Sui’s Mysticeti consensus, reinforcing its modular, multi-network approach to Proof-of-Stake. Sui announced that it will integrate the Bitcoin staking protocol developed by Babylon and will begin operating as a Bitcoin Secured Network (BSN). This integration is part of Phase 3 of Babylon’s expansion plan, scheduled to launch before the end of the year. The decision marks a highly relevant shift in how Proof-of-Stake…
Over the past few days, the wave of liquidations across the cryptocurrency market has shaken investor confidence, leaving many traders on edge. With strengthening bearish pressure, many BTC holders are distributing their coins. Bitcoin’s long-term holders (LTHs), typically known for extended grip on their coins, have begun selling, adding further pressure to an already cautious market. What does this mean for the coin in the short term? Old BTC Heads to Exchanges — Are Long-Term Holders Losing Confidence? The Coin Days Destroyed (CDD) of Bitcoin being deposited onto exchanges has reached its highest point in 30 days. According to CryptoQuant,…
Resolv Labs, the firm behind the $450 million decentralized finance (DeFi) protocol Resolv, has closed a $10 million seed round to expand its crypto-native yield platform and USR stablecoin, the team told CoinDesk in an exclusive interview. The investment round was led by Cyber.Fund and Maven11, with additional backing from Coinbase Ventures, SCB Limited, Arrington Capital, Gumi Cryptos, NoLimit Holdings, Robot Ventures, Animoca Ventures and others. Stablecoins, a $230 billion and rapidly expanding class of cryptocurrencies with pegged prices to an external asset, are capturing attention well beyond their traditional use in payments and trading. A growing cadre of crypto…