Author: NBTC
In a recent statement, Gary Gensler, the outgoing Chairman of the U.S. Securities and Exchange Commission (SEC), spoke about the nature of his role overseeing the $120 trillion U.S. capital market, opening up about its integral role in the economy. The SEC Chairman addressed the criticism he’s received during his tenure, notably from high-profile figures like President-elect Donald Trump and billionaire Elon Musk. In an interview with Bloomberg, Gensler recalled a quote from former Secretary of State Hillary Clinton: “If you’re not willing to be attacked, you can’t go into the public square and debate policy. This role is about…
LI.FI has integrated crypto.com into its Onchain Wallet. This collaboration allows users to easily perform same-chain and cross-chain swaps within the Onchain Wallet. The integration increases the number of trading pairs from almost 70 to over 300, which adds to the platform’s value and usefulness. The @cryptocom Onchain wallet is now integrated with @lifiprotocol 🎉Onchain wallet users can execute swaps across multiple chains right from within the Onchain wallet app, and securely manage 1100+ tokens across 30+ chains.Learn more: https://t.co/Z7OtczxmcA pic.twitter.com/Swmlnr8nwG — LI.FI (@lifiprotocol) January 7, 2025 Through LI.FI’s aggregation stack consists of over 30 decentralized exchanges, DEX aggregators, and…
In 2024, Bitcoin mining saw big advancements and tough challenges. Miners adopted new technology, used renewable energy, and even expanded into fields like AI. However, high energy costs, stricter regulations, and illegal activities showed there’s still work to do as the industry keeps growing worldwide. The main Bitcoin mining happenings in 2024 are flagship development and reversal. In some respect, the mining sector witnessed an adoption of leading-edge technology and complex financial models, but also it had its fair share of energy controversy and regulatory criticisms. Mines are everywhere with most miners worldwide looking at opening up into other businesses…
George Milling-Stanley, chief gold strategist at State Street Global Advisors, expressed concerns that Bitcoin’s recent rally is pushing investors away from gold, a traditionally stable asset. Speaking on CNBC’s ETF Edge this week, Milling-Stanley warned that the cryptocurrency’s appeal as a high-yield investment could create a “false sense of security” among investors. “Bitcoin is a yield investment, pure and simple,” said Milling-Stanley, whose firm manages the world’s largest physically-backed gold exchange-traded fund, the SPDR Gold Shares ETF (GLD). “People are jumping into yield investments, but Bitcoin doesn’t offer the stability that gold does.” The announcements come as the SPDR Gold…
In a wide-ranging interview with Anthony Pompliano, Coinbase Chief Legal Officer (CLO) Paul Grewal shed light on the regulatory hurdles facing the crypto industry. He outlined his vision for a balanced approach to crypto regulation in the United States. Moreover, Grewal emphasized the importance of protecting innovation while maintaining investor safeguards. He criticized what he described as overreach by agencies like the U.S. Securities and Exchange Commission (SEC). Coinbase CLO On Regulatory Overreach Grewal pointed to the last three and a half years as a period of intensified regulatory hostility, stating, “There’s been a concerted effort to use seemingly neutral…
Binance’s VIP user base has doubled, which has contributed to an increase in institutional adoption. In the year 2024, Binance strengthened its commitment to the safety of its users and to regulatory uniformity. Significant advancements were made in the blockchain sector in the year 2024, as shown by a boom in the acceptance of blockchain technology by the general public and the participation of institutions. Binance, a pioneer in the industry, has been at the forefront of revolutionizing trends and has accomplished significant milestones that have transformed the landscape of digital finance, which were mentioned in the recent report by…
Michael Arrington has published a tweet to comment on the mammoth growth seen by XRP as it managed to surpass the $2 price level on Sunday. The TechCrunch founder issued a short message to his X followers: “XRP is a beast.” XRP is a beast. — Michael Arrington 🏴☠️ (@arrington) December 2, 2024 XRP soars above $2, reclaiming top three market cap spot From Thursday of last week until earlier today, the Ripple-affiliated cryptocurrency XRP has stunned the crypto market and the XRP community with an unprecedented 70.55% price surge as it went up from $1.42. On Sunday, XRP finally…
The world’s largest cryptocurrency exchange displayed its dominance across several key metrics including cumulative historical trading volume and number of registered users. Cryptocurrency Behemoth Touts Mind-Bending Trading Volume Binance, the largest cryptocurrency exchange in the world by way of trading volume published its year-end report on Wednesday, revealing a staggering $100 trillion in cumulative historical trading volume across all of its products. The firm grew its customer base to 250 million, a 47% increase in registered users with a total of $160 billion in user assets under custody. To put things into perspective, Coinbase, the largest U.S. exchange had $137…
An unexpected event occurred in the price of Stargate Finance (STG), which is listed on Binance. The STG price lost 87% of its value in seconds on Binance, causing investors to panic. STG price dropped to as low as $0.0525 but then quickly recovered to around $0.38. Experts predict that low liquidity in the trading pair and a massive sell-off could be behind this sudden and sharp decline. Experts also noted that this decline in STG once again shows the importance of staying away from too much leverage and that trading without a stop-loss is risky, even in a bull…
Mastercard brings its Crypto Credential solution to the EEMEA region, starting with the UAE and Kazakhstan. Payments processor Mastercard has rolled out its Crypto Credential solution in the UAE and Kazakhstan, marking its first move into the EEMEA region. The new service makes crypto transfers easier by letting users send and receive tokens using simple aliases instead of complicated blockchain addresses, the company said in a press release on Jan. 9. The expansion will help exchanges like ATAIX Eurasia, Intebix, and CoinMENA, along with Fuze, a digital asset provider, streamline blockchain transactions, the company says. You might also like: Kazakhstan…