Author: NBTC
The Virtual Assets Regulatory Authority (VARA) in its efforts to toughen up with regards to supporting and keeping the public safe has announced that as part of its enforcement program it will issue, cease and desist orders along with accompanying fines to 7 entities for operating without a license and for breaching marketing regulations. In the enforcement notice on VARA’s website, it noted that VARA requests the public to avoid engaging with any unlicensed firms. As it stipulated interacting with such entities exposes individuals and institutions to significant financial and reputational risk. Only entities licensed by VARA can offer virtual…
Bitcoin (BTC) trading through summer had investors worried as the world’s premier cryptocurrency entered a pattern of reaching a series of lower lows after recovering to lower highs. Such BTC price action cast doubt upon the notion that the crypto market bull cycle will persist into 2025, but most recent trading has again raised the possibility that the downtrend will end. Bitcoin’s Wednesday climb above $61,500 and then above $62,000 has, per the analysis of Ali Martinez, a prominent crypto expert on X, signaled the return to the bull market, raising the possibility that BTC may again strive for $70,000…
VanEck is unveiling a fresh $30 million fund focused on investments in fintech, digital asset or AI firms in pre-seed or seed stages. About 25-30 different projects will be picked and can receive funding anywhere between $500,000 and $1 million. One of the areas VanEck is interested to invest in through the fund is tokenization. Global investment management firm VanEck is expanding its venture capital presence with the launch of a new fund focused on fintech, digital asset or artificial intelligence (AI) companies in pre-seed or seed stages, it announced Wednesday. VanEck Ventures, with $30 million in assets under management…
Shiba Inu experiences a notable surge in whale activity, with large transactions driving liquidity. Recent data from Santiment has revealed a significant rise in whale activity among top cryptocurrencies, with Shiba Inu (SHIB) emerging as a key performer. This increase has drawn attention due to the notable whale transaction count, which surged by 360.18% for transactions exceeding $100,000. Santiment Despite this jump, SHIB’s market price has experienced a decline over the same period. Shiba Inu’s whale activity places it ahead of several top cryptocurrencies by percentage rise in whale transactions. It follows only Injective (INJ) and Wrapped Bitcoin (WBTC), which…
The Securities and Exchange Commission has finally admitted what we’ve known all along: “Crypto asset security” was a made-up term with no legal basis. After years of misleading the courts and the public, the agency’s quiet abandonment of the term signals a major retreat in its regulation by enforcement campaign against the digital asset industry. Rather than putting out proactive or helpful guidance in recent years, the SEC has been suing industry participants in a thinly veiled attempt to kill crypto. So far, it isn’t going well. If there was any doubt that the SEC’s approach is destined for failure,…
WisdomTree introduces a new feature that lets users spend from their tokenized money market fund using a debit card. Global exchange-traded fund provider WisdomTree has launched a new feature enabling users to spend directly from their tokenized government money market fund using the WisdomTree prime Visa debit card. In a press release on Oct. 9, the company said the integration allows consumers to leverage their yield-bearing investments for everyday purchases, effectively transforming how they manage their finances. You might also like: Australia’s ANZ joins Project Guardian on tokenized assets With a current 7-day yield of 4.60%, the WTGXX fund serves…
Prosecutors have requested that Heather Morgan – better known by her rap moniker “Razzlekhan” – be sentenced to just 18 months behind bars for her role in laundering 120,000 bitcoins stolen from Bitfinex in a 2016 hack. In August 2023, Morgan pleaded guilty to one count of money laundering conspiracy and one count of conspiracy to defraud the United States, each of which carries a maximum sentence of five years in prison. Though Morgan and her husband Ilya Lichtenstein were first believed to only have laundered the proceeds of the hack (worth approximately $7.5 billion at today’s value), Lichtenstein later…
Bitcoin closed September in the green, historically leading to gains in following months. Crypto analyst Jelle highlights Bitcoin’s past September surges, predicting a bullish end to 2024. Analyst Captain Faibik predicts Bitcoin could test the $68,000 resistance level soon. Bitcoin (BTC) has had a standout September, closing the month in the green, and historical patterns suggest this could be a positive sign for the coming months. According to crypto analyst Jelle, Bitcoin (BTC) may be poised for significant gains as the year progresses, this insight draws on past market behavior and current trends. September’s Green Effect Historically, when Bitcoin’s price…
World Liberty Financial, the nascent decentralized finance (DeFi) protocol supported by Donald Trump and his family, announced plans to start selling tokens on Tuesday – exactly three weeks before the presidential election for which Donald Trump is the Republican candidate. “Public sale starts [on] October 15th, open to everyone who qualifies through the whitelist,” the project’s social media account posted on Friday. Bettors on blockchain-based prediction market Polymarket see Donald Trump as the frontrunner in the presidential election taking place on Nov. 5. World Liberty Financial is spearheaded by Zachary Folkman and Chase Herro, who worked previously on DeFi platform…
Shiba Inu lead Shytoshi Kusama reacts to an NFT commercial from automobile manufacturer DeLorean featuring a Shiba Inu. The crypto scene and pop culture recently collided in a unique way, as “Back to the Future” star Christopher Lloyd appeared in a DeLorean NFT commercial that also featured a Shiba Inu dog. This cameo didn’t go unnoticed by Shytoshi Kusama, the Shiba Inu lead developer, who took to X to express his excitement. Kusama Reacts to Shiba Inu Feature In a post, Kusama reacted with enthusiasm to the commercial, which he saw as a nod to the growing influence of the…