Author: NBTC
The Securities Exchange Commission (SEC) obtained orders for $8.2 billion in remedies for the 2024 fiscal year, a record high for the regulatory agency. This is a 67% increase from the $4.9 billion in financial penalties that it collected in 2023. According to the official press release, the regulator filed 583 enforcement actions during the year, a 23% decline from the previous year. Most enforcement actions (431) were stand-alone, while 93 were follow-on administrative proceedings based on civil injunctions, orders, and criminal prosecutions. 59 enforcement actions targeted issuers who did not make their compulsory filings on time. The massive increase…
Cryptocurrency venture capital firm Digital Currency Group (DCG) is looking to help develop Bittensor (TAO), a decentralized artificial intelligence (AI) protocol. The firm aims to achieve this goal through Yuma Group. The company will join a list of its subsidiaries, including Grayscale Investments. Yuma will be developing Bittensor, the companies announced. It hopes to enable developers to create, train, and access AI. DCG founder and CEO Barry SILBERT will also lead the new subsidiary, advancing its vision to advance the integration of AI and cryptocurrency. The firm said it has named Yuma after the Bittensor protocol “Yuma Consensus.” This smart…
Bitcoin price started a downside correction and tested the $66,500 zone. BTC is now consolidating and might aim for a fresh increase above $67,800. Bitcoin struggled to test the $70,000 resistance zone and started a downside correction. The price is trading below $67,500 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming with support at $67,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase unless there is a close below the $66,500 zone. Bitcoin Price Starts Consolidation Phase Bitcoin price struggled to continue higher…
Shiba Inu lead developer Shytoshi Kusama expresses optimism about TREAT’s potential to accelerate the transformation of memecoins into utility tokens. The Shiba Inu lead developer expressed this view today during an exchange with Simon Dedic, CEO of blockchain advisory and investment firm Moonrock Capital. In an X post yesterday, Dedic pointed out that memecoins are slowly transforming into “fundamentally strong utility tokens.” Amid this evolution, he suggested that this shift might continue in the coming months, leading to a complete transformation of the memecoin market. Kusama Reacts Interestingly, Dedic’s comment triggered a reaction from Kusama, who indicated that the transformation…
Silicon Valley just changed Washington forever. The 2024 election didn’t just bring Donald Trump back into the White House—it flipped Congress into a playground for crypto advocates. Bernie Moreno, a political nobody last year, just knocked out Sherrod Brown, a Senate heavyweight who’s been in office longer than Bitcoin has existed. That was no accident. The crypto industry threw its weight (and its dollars) behind candidates like Moreno, turning the election into a blockchain-powered blitz. Moreno wasn’t even on the radar two years ago. He was a car salesman from Cleveland who lost his first Senate race in 2022. But…
The collaboration is to enhance B2B cross border payments “providing greater transparency and faster settlement as well as reducing time zone friction.” By integrating Mastercard MTN’s connectivity with Kinexys Digital Payments, mutual customers of MTN and Kinexys will be able to settle B2B transactions through a single API. Mastercard (MA) has connected its blockchain-based system for shifting tokenized assets, the Multi-Token Network (MTN), with JPMorgan’s (JPM) recently rebranded digital assets business Kinexys (formerly known as Onyx). The collaboration is to enhance B2B cross border payments, the companies said in a press release on Thursday, “providing greater transparency and faster settlement…
Ethereum co-founder Vitalik Buterin has strongly criticized MicroStrategy’s executive chairman Michael Saylor’s comments on Bitcoin custody. The comments were following Saylor’s recent controversial stance advocating for Bitcoin custody through “too big to fail” banks instead of self-custody. Saylor’s controversial pivot In a recent interview with financial markets reporter Madison Reidy, Saylor suggested that Bitcoin holders have nothing to lose by transferring their BTC to major financial institutions. When he was questioned about potential state-sanctioned Bitcoin seizures, similar to the 1933 illegalization of gold holdings, Saylor dismissed such concerns as unfounded. “It’s a myth and a trope that goes on over…
1inch, a decentralized finance (defi) platform, has officially rolled out Fusion+, a cross-chain swapping tool designed to enhance the security and simplicity of decentralized transactions. Fusion+ by 1inch Aims to Improve Security and Usability in Defi Swaps As shared with Bitcoin.com News, the 1inch announcement highlighted Fusion+ as a solution to persistent challenges in cross-chain interoperability, which the team sees as a barrier to broader adoption of defi. Traditional approaches often depend on centralized bridges, which come with security concerns, or decentralized methods that many users find overly complex. 1inch asserts that Fusion+ tackles these problems head-on with its decentralized,…
Ethereum co-founder Vitalik Buterin, who has influenced the price of the asset with his posts and statements in the cryptocurrency market, recently praised the altcoin called Polygon. Responding to a post from the X account, Buterin praised Polygon’s ZK performance. At this point, Daniel Lubarov, the developer of Ethereum layer-2 scaling solution Polygon Zero, first shared that the performance of the zero-knowledge proof system Plonky3 has made a major breakthrough and can process more than 2 million hashes per second. (Polygon Plonky3 was an open source system that allowed zero-knowledge (ZK) developers to build their own virtual machines based on…
Gary Gensler, the high-profile and often polarizing chair of the U.S. Securities and Exchange Commission, announced his resignation, effective the day President-elect Donald Trump takes office. Here’s the announcement on X: On January 20, 2025 I will be stepping down as @SECGov Chair.A thread 🧵⬇️ — Gary Gensler (@GaryGensler) November 21, 2024 Gensler’s decision is hardly unexpected for those attuned to Washington’s political rhythms. Leadership changes at federal agencies often coincide with the arrival of a new administration, especially when there’s an ideological shift. Here’s a closer look at the situation. Table of Contents Gensler’s crackdown on crypto Social media…