Author: NBTC

Project Crypto aims to enhance innovation in America with clearer cryptocurrency rules. While Ripple has already dropped its cross appeal, SEC is expected to submit a status report by August 15, 2025. On July 31, Paul Atkins, the Chair of the Securities and Exchange Commission (SEC), unveiled the “Project Crypto.” It is an initiative to modernize the securities rules and regulations to allow for crypto-based trading in the United States’ financial markets. Now that Project Crypto is favoring clearer guidelines and regulatory boundaries, crypto experts are hoping that the SEC will implement its words into action and resolve the long-standing…

Scallop, a digital finance platform, announced it has officially secured a Money Services Business (MSB) license in the United States, which is a major milestone that expands its regulated crypto-fiat banking services to the United States. Scallop’s U.S. Market Entry and Services With the MSB license, Scallop joins a select group of crypto-native platforms legally authorized to operate fully regulated fiat and crypto services in one of the most important financial markets in the world. The new license is particularly noteworthy because the US is a massive market both for fintech and crypto. With it, Scallop plans to launch its…

As Bitcoin climbed to yet another all-time high above $123,000 on Monday. Bernstein expects regulatory clarity in the US to be a major catalyst going forward. “Our conviction in blockchain and digital assets has never been higher,” the analysts wrote. As Bitcoin climbed to yet another all-time high above $123,000 on Monday, analysts at brokerage and research firm Bernstein reiterated their bullish outlook for the cryptocurrency, forecasting a prolonged market upcycle that could take Bitcoin to $200,000 by the end of 2025 or early 2026. In a note to clients released Monday, the analysts—led by Gautam Chhugani—characterised the current bull…

Ethereum (ETH) has recently surged to a 7-month high, yet the cryptocurrency has yet to breach the psychological $4,000 level. The altcoin has shown impressive growth, but overcoming this significant barrier may prove challenging. As investors watch closely, ETH’s next moves could determine the future price direction. Ethereum is Noting A Market Top Currently, 94% of Ethereum’s total supply is in profit. Historically, when the profitable supply surpasses 95%, it signals a market top. This has been followed by price corrections as investors begin to secure profits. As a result, Ethereum’s price could face a pullback if the trend continues,…

American financial services company Compass Point, which is primarily known for specializing in equity research, has downgraded USDC issuer Circle to a Sell rating. This comes after the GENIUS Act, the groundbreaking stablecoin legislation that provides much-needed clarity for the sector, was recently signed into law in the US. Compass Point expects the Circle (CLRC) stock to plunge to just $130 (a whopping 37% reduction). The shares of the leading stablecoin issuer are currently down by nearly 9% following the massive downgrade. According to Compass Point, Circle’s current valuation cannot be justified by its revenue model and competitive positioning. The…

Venture capital firm Andreessen Horowitz (a16z) is calling on US lawmakers to revise a draft crypto regulation bill, warning that the proposed framework could open dangerous loopholes and undermine investor protections. In a Thursday open letter to the US Senate Banking Committee, the investment firm suggests that the regulators should close loopholes in the draft crypto legislation. The letter is a response to the discussion draft released in late July. The discussion draft in question builds on the 21st Century Financial Innovation and Technology Act (CLARITY Act) and seeks industry input on the ongoing crypto regulation. A16z points to the…

In the fast-paced world of cryptocurrency, staying informed is paramount. Major announcements from exchanges can significantly impact your digital asset portfolio. Today, we bring you an urgent update from Bybit, a prominent crypto exchange, regarding an upcoming change that could affect some traders. Bybit has officially announced its decision to proceed with a Bybit delisting of four specific spot trading pairs from its platform. This move, scheduled for August 8, 2024, at 08:00 UTC, requires immediate attention from users holding these assets. What’s Happening: The Specifics of the Bybit Delisting Bybit, a leading global cryptocurrency exchange, has made a decisive…

In the dynamic world of digital assets, strategic moves by key players often signal shifting tides and growing confidence. Recently, DigitalX, a prominent Australia-based digital investment manager, made headlines with a significant announcement that underscores its deepening commitment to the cryptocurrency space. The firm revealed it has acquired an additional 109.3 BTC, substantially increasing its Bitcoin holdings and reinforcing its position as a serious contender in the evolving landscape of institutional crypto adoption. What’s Behind DigitalX’s Strategic Bitcoin Acquisition? The announcement, made public on DigitalX’s official website, confirms the firm’s latest expansion of its digital asset treasury. This recent BTC…

Whales have purchased nearly $850 million worth of ETH in just two days. Other bullish signals for the cryptocurrency include the declining supply of tokens on exchanges and the solid interest in spot Ethereum ETFs. The Largest Whales on the Move Despite not posting any major gains in the past 24 hours, Ethereum (ETH) remains among the top-performing cryptocurrencies over the last month, with its price soaring by 54% to the current $3,800 (according to CoinGecko’s data). Moreover, the recent whale activity suggests that the valuation may pump even more in the short term. The popular X user Ali Martinez…

Stocks are little changed in early trading on Tuesday as investors pay attention to corporate earnings and the latest tariffs news. Dow Jones Industrial Average hovered 25 points up while S&P 500 and Nasdaq Composite hugged the flatline at 0.03% and -0.13% respectively. Tech stocks had previously bolstered the latter’s push to a sixth straight winning session on Monday. The less upbeat Wall Street was likely a reaction to the corporate earnings, with results of General Motors unimpressive. The automaker reported a 32% drop in core profit. The firm announced results before markets opened on Tuesday and showed a $1.1…