Author: NBTC
A Spanish court is investigating Binance for alleged misappropriation of funds in 2021. According to local media, plaintiff “JL” accused the exchange of withholding his €67,550 investment. Judge María Ángeles Velázquez claimed that JL demonstrated “sufficient criminal motives” on Binance’s part and gave his legal team 10 days to present their formal indictment. Binance Might Need to Answer to a Spanish Court Binance, one of the world’s leading cryptocurrency exchanges, is facing yet another legal trouble. The exchange faces accusations of market manipulation, albeit without formal criminal charges. IYesterday, French authorities investigated Binance for money laundering, and a Spanish judge…
Cronos Labs and LayerZero (ZRO), two blockchain platforms, have announced that the LayerZero cross-chain messaging protocol is now live on Cronos Ethereum (ETH) Virtual Machine (EVM) and Cronos zero-knowledge EVM (zkEVM), as reported to Finbold on January 31. Available on both the mainnet and the testnet, the protocol helps developers build cross-chain bridges, expand token ecosystems, and develop apps connecting Cronos users with more than 115 supported chains, including Ethereum and Solana (SOL). Seamless cross-chain transfers on Cronos Thanks to the launch, users on Cronos EVM, the leading EVM-compatible Layer-1 (L1) blockchain built on the Cosmos source development kit (SDK),…
A widely followed crypto analyst is alerting investors that Bitcoin (BTC) could plunge even further if a critical support zone falls apart. In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 539,600 followers on the social media platform X that the crypto king could fall below $90,000 if it fails to hold the $91,000 level as support. However, the trader says the crypto king still has a chance to avoid such a scenario. “Bitcoin dropped into the range low of $91000 (blue) and even briefly rebounded from there. But price is once again back at the range…
Chainlink (LINK) has announced the launch of its Chainlink DeFi Yield Index (CDY Index) aiming to streamline the analysis of decentralized finance (DeFi) lending rates by aggregating market-wide data. Following this announcement, the price of LINK saw an uptick, with the token trading at $24.91, marking a 2.5% increase over the last 24 hours, as it continues to recover from the January 27 drop. How the Chainlink CDY Index will impact the market The CDY Index is a pivotal tool designed to enhance the transparency and efficiency of the DeFi space. By using Chainlink’s established framework, coupled with Space and…
Compact Games NFT launches its collection of ‘virtual game CDs’ for traders to mint and run on desktop and mobile devices starting from Jan. 31. Available on the NFT marketplace Magic Eden, Compact Games offers traders a collection of 33 unique games to choose from, each with four kinds of rarities: standard, bronze, silver and gold. The games featured on the Compact Games NFT site have an arcade-style of gameplay, similar to the classic mobile games such as Candy Crush or Flappy Bird. Some of the titles shown are The Witch, Spirit Halloween, Shumii, and Moonsheep. Not only that, a…
President Trump’s newly established Department of Government Efficiency is set to tackle federal spending and streamline operations. With the U.S. DOGE Service now under its wing, the department aims to modernize government functions and drive massive cost reductions across the board. Interestingly, this new change has already benefited the US government within just a week of Trump passing an executive order. According to The Kobeissi Letter, DOGE has reportedly saved the U.S. government $1 billion per day since the new administration took office. If this trend continues, it could reduce the national deficit by $365 billion by January 2026—equivalent to…
Donald Trump, the new President of the United States who will take office with the inauguration ceremony tomorrow, made a big splash in the market with the cryptocurrency steps he took this weekend. Trump launched a memecoin called Official Trump (TRUMP) and saw its market cap increase by billions of dollars within minutes. TRUMP, which continues to rise, is trading at $63 at the time of writing and has a market cap of $12.76 billion. On the other hand, the second cryptocurrency that benefited the most from these memecoin developments was Solana (SOL), as Trump launched his memecoin on the…
Scott Bessent, a billionaire hedge fund manager, is now the 79th U.S. Treasury Secretary under Trump. Crypto leaders, including Ripple’s Brad Garlinghouse, celebrate his pro-innovation stance, anticipating major policy shifts. Scott Bessent Confirmed as Treasury Secretary, Signaling Pro-Crypto Shift Scott Bessent has been confirmed as the 79th U.S. Treasury Secretary under President Donald Trump, following a bipartisan Senate vote of 68-29. A 62-year-old billionaire hedge fund manager and founder of Key Square Group, Bessent is set to manage the nation’s $28 trillion Treasury debt market and oversee fiscal policy, financial regulations, and international sanctions. Ripple CEO Brad Garlinghouse congratulated Bessent,…
According to Forbes’ research of retail crypto traders, asset safety remained the most critical feature that exchange users want. Crypto Users Have Crossed the 500 Million Mark Globally Forbes has released its third annual “Best Crypto Exchange” ranking, evaluating over 200 firms based on security, trading volume, fees, and regulatory compliance. Topping the list is CME Group, a Chicago-based futures exchange that offers institutional-grade bitcoin and ether futures. Despite its limited accessibility for retail investors, CME’s high regulatory standards and $1.4 trillion in 2024 crypto trading volume secured its top spot. For retail-focused exchanges, Coinbase ranked second. As the largest…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. After hitting the one-year anniversary of US spot bitcoin ETFs launching, Bloomberg Intelligence’s James Seyffart told me that even the more bullish firms behind these products were surprised by the reception. Matt Horne, Fidelity Investments’ head of digital asset strategists, confirmed to me as much. He referenced demand exceeding the company’s “optimistic” expectations across retail investors, advisers and institutions. The Fidelity Wise Origin Bitcoin Fund (FBTC) — with $12.2 billion of net inflows — trails only BlackRock’s iShares Bitcoin Trust (IBIT) in that category ($37.7 billion).…