Author: NBTC

Chairman of the South Korean Stock Exchange, Jeong Eun-bo, believes the nation should act quickly in institutionalizing the crypto market or risk falling behind other countries. In an interview with South Korean media outlet Maeil Kyungjae, Eun-bo argued the crypto market needs to be institutionalized in the same way that traditional finance has in order to overcome regulatory roadblocks. If they fail to do so, Eun-bo believes South Korea will not be able to compete with countries that have already embraced crypto and put forth regulations that place virtual assets on equal standing with traditional assets. “If we are vague…

Cardano founder Charles Hoskinson has heaped praise on Ripple’s RLUSD stablecoin, describing it as “awesome” in his recent social media post. As reported by U.Today, the stablecoin project, which was initially announced by Ripple in April, is on track to launch this Tuesday on some major exchanges, including Bitstamp. Last week, the product was greenlit by the New York State Department of Financial Services. According to cryptocurrency analytics platform CryptoQuant, nearly $66 million worth of RLUSD tokens have been minted over the past two weeks. Ripple’s Jack McDonald stated that the stablecoin could be used for instant settlement, collateralization, DeFi…

Caroline Crenshaw will not secure renomination as Securities and Exchange Commission commissioner following the cancellation of tomorrow’s Senate Banking Committee scheduled markup vote, according to FOX Business journalist Eleanor Terrett. 🚨BREAKING: A Senate aide has just informed me that tomorrow’s Senate Banking Committee scheduled markup vote on @SECGov Commissioner Caroline Crenshaw has been canceled. She will not be renominated to her position. — Eleanor Terrett (@EleanorTerrett) December 17, 2024 Crenshaw, first appointed to the SEC in 2020 under the Trump administration and renominated by President Biden, has aligned closely with SEC Chairman Gary Gensler on regulatory matters. Her tenure has…

The world’s largest cryptocurrency exchange Binance has announced the 4th and 5th altcoins it has selected for the Binance HODLer Airdrop program, and announced that these are Simon’s Cat (CAT) and Pudgy Penguins (PENGU). Binance later added that it will list Simon’s Cat (CAT) and Pudgy Penguins (PENGU) on 12/17/2024. “Binance is excited to announce that the fourth and fifth projects in the Binance Airdrops program are Simon’s Cat (CAT) and Pudgy Penguins (PENGU). Simon’s Cat (CAT) and Pudgy Penguins (PENGU), Users who subscribed their BNB to Simple Earn Flexible or Locked products between 09.12.2024 00:00 (UTC) and 12.12.2024 23:59…

Newly appointed White House cryptocurrency advisor David Sacks recently retweeted a series of tweets that included what he had said about Bitcoin in the past. Here’s what the new crypto chief has said about BTC in the past. Sacks, who has been a Bitcoin advocate for years, has said that he started buying Bitcoin in 2013, when it was just $130. Today, with Bitcoin’s price up over 76,000% since then, Sacks has clearly benefited from his early foresight. “I’m buying BTC,” Sacks said in 2013. A key theme in Sacks’ tweets is Bitcoin’s importance as a decentralized currency, highlighting its…

Ethereum spot ETFs witness increased institutional interest, recording a $145 million net inflow. According to statistics from SoSoValue, Ethereum (ETH) spot ETFs had a notable net inflow of $145 million on Dec. 17, indicating growing institutional trust in financial instruments backed by Ethereum. With a notable $135 million inflows on the day, BlackRock’s ETHA topped the inflows and now has the most net inflow of Ethereum spot ETF at $3.365 billion. With a net influx of $4.45 million, Grayscale’s ETH, a major participant in the ETF market, increased its previous net inflow to $616 million. With $5.72 billion in cumulative…

Ripple, the US-based enterprise company behind the third-largest cryptocurrency by market cap, made the headlines on December 16, announcing that its long-anticipated stablecoin is finally ready to be deployed, which will happen later today. There were a lot of speculations and fraud attempts ahead of the official statement, but CryptoQuant’s data shows that the actual number of minted new tokens has risen to almost $66 million. Interestingly, the majority of the RLUSD coins are on the Ethereum network – $52.9 million, while only $13.3 million have been minted on Ripple’s own – XRPL. The numbers are quite impressive, given the…

Elon Musk responded to Senator Elizabeth Warren’s claims of potential conflicts of interest regarding his new role in President-elect Donald Trump’s administration. Lmao. The person actually writing these things from Pocahontas are SBF’s parents btw. https://t.co/V741yhitwp — Elon Musk (@elonmusk) December 17, 2024 Taking to his platform X, Musk alleged that Warren’s scrutiny is influenced by Sam Bankman-Fried’s (SBF) parents and claimed that her criticisms are being written by them. “The person actually writing these things from Pocahontas is SBF’s parents, btw,” Elon Musk tweeted, referring to Senator Warren as “Pocahontas.” His reference to Warren as “Pocahontas” echoes a nickname…

Binance is expanding its accessibility and utility by integrating Valve (VANA) across multiple services, giving users a variety of options to interact with the token on its platform. Binance Expands Valve (VANA) Ecosystem to Futures Platforms Starting December 16, 2024, 14:30, VANA will be available for subscription under Binance Simple Earn Flexible Products, allowing users to earn rewards by holding VANA in their accounts. Binance Margin Margin Trading: VANA will be introduced as a new borrowable asset in both Cross Collateral and Isolated Collateral with the VANA/USDT pair. This feature will be available on December 16, 2024 at 17:00. VIP…

Amid chatter about the U.S. potentially establishing a strategic bitcoin reserve, conversations are buzzing about which governments already stockpile the largest bitcoin stashes. Here’s a comprehensive look into the top five governments with the heftiest bitcoin holdings as of Dec. 2024. Inside the Secret Bitcoin Vaults of Governments: U.S., China, and Beyond Many people might be surprised to learn that several countries hold significant bitcoin reserves, much of which stem from criminal seizures and asset forfeitures. Some nations, however, have taken a different route, actively buying bitcoin for their treasuries or mining it themselves. U.S. = 199,172 Bitcoins Currently, the…