Author: NBTC

The US Court of Appeals for the Third Circuit raised concerns over the Securities and Exchange Commission’s (SEC) denial of a rulemaking petition by Coinbase. The exchange, the largest in the US, has criticized the SEC for the lack of clear rules for the industry. The legal battle between Coinbase and the SEC is before the US Court of Appeals for the Third Circuit. In 2022, Coinbase filed a petition asking the SEC to create specific rules for crypto assets to clarify the regulatory framework for securities on digital platforms. The SEC denied this request in December 2023, forcing Coinbase…

Paranoid Bitcoin investors have become increasingly convinced that dealings between Coinbase, the biggest crypto exchange in America, and BlackRock, the largest asset manager in the world, may not be entirely on the up and up. Though a flood of capital into new spot Bitcoin ETFs pushed the price of BTC to a new all-time high in March, just two months after ETFs were approved in the U.S., the price should be much higher today with all those billions flowing into the market, befuddled Bitcoin buyers say. Coinbase—the U.S.-based cryptocurrency exchange that serves as custodian for most Bitcoin ETFs, including BlackRock—must…

Matrixport has acquired Swiss-based Crypto Finance AG in all-cash deal. The firm has been renamed Matrixport Asset Management AG (MAM). Singapore-based crypto financial services platform Matrixport has announced an all-cash acquisition of licensed Swiss crypto asset manager and former Deutsche Boerse Group subsidiary, Crypto Finance (Asset Management) AG. The Switzerland-based entity, now renamed Matrixport Asset Management AG (MAM), offers cutting-edge, institutional-grade digital assets investment solutions, including the first FINMA-approved crypto fund. FINMA is the Swiss Financial Market Supervisory Authority, an independent regulator of the European nation’s financial markets. Matrixport has $6 billion in assets under management. The regulatory-compliant acquisition expands…

Cardano (ADA) is almost at a major milestone with its Node Version 9.1.0 upgrade, which is now at 69% completion. This is bringing the network closer to the anticipated Chang hard fork, which is a major update that’s going to enhance Cardano’s on-chain decision-making capabilities. The latest upgrade, Node 9.1.0, is essential for the successful implementation of this hard fork. Once 70% of Cardano’s validators, or Stake Pool Operators (SPOs), have updated to the new node, the Chang hard fork will go ahead. With 69% of the 3,110 stake pools now ready to go, we will know the final date…

Olumide Osunkoya pleaded guilty to illegally operating a crypto ATM network. Sentencing for the offenses will take place at Southwark Crown Court at a date that will be confirmed. Olumide Osunkoya pleaded guilty to illegally operating a crypto ATM network, according to a press release by the Financial Conduct Authority (FCA) on Monday. This marks the first U.K. conviction for running a crypto ATM operation. Osunkoya, 45, pleaded guilty to five offenses at a hearing held on Monday at Westminster Magistrates’ Court. Last month he had been accused by the FCA of running crypto ATMs that processed british pounds 2.6…

Bitcoin (BTC) is up 5.4% over the past seven days, fueled by the US Federal Reserve’s 50 basis point interest rate cut. However, industry analysts are still divided on the direction Bitcoin will take in the coming weeks of the fourth quarter. MV Global partner Tom Dunleavy believes the current macroeconomic landscape is a “perfect setup” for risk assets, such as crypto. He noted that the majority of signals from the U.S. economy are neutral to expansionary, the opposite of a recession. Bullish sentiment Dunleavy also highlighted that markets are already pricing 250 basis point cuts to the US interest…

There is a conspiracy theory circulating that the US Central Intelligence Agency (CIA) is a secret backer of Solana. As the theory goes, Solana founder Anatoly Yakavenko is a Ukrainian immigrant to the US, and for that reason, might be easily swayed by a powerful government agency. Not only that, he’s not antisemitic and may even be Jewish himself. Given that speculation around Jewish control of various aspects of society is deeply rooted in conspiracy circles, this alone is enough to make claims about Yakavenko’s supposed CIA backing easier to swallow. Solana famously also sold early allocations of its native…

Crypto leaders have faced continued legal scrutiny over the past few years, with several high-profile figures receiving lengthy prison sentences. In a recent study into jail sentences in crypto, Social Capital Markets draws parallels to the prosecution of bankers after the 2008 financial crisis. Social Capital Markets reported that key crypto players have been sentenced to 272 years of combined prison time. Between 2019 and 2023, crypto-related convictions surged, reflecting growing enforcement action. The conviction rate increased by 267%, indicating a sharp rise in prosecutorial success against crypto-related offenses. Ross Ulbricht, founder of the darknet marketplace Silk Road, received the…

Bitcoin’s price is rallying, pointing to potential big gains before Q4 2025. Forecasters predict a possible breakout in the coin’s price, signaling the next bull run. Participants see this as a chance to accumulate Bitcoin before the next peak in 2025. Bitcoin’s bull economy is about to enter its second period, according to a prominent crypto strategist. The digital capital has been gaining ground for the past six months, leading to predictions of a cycle top in Q4 2025. Rather than reversing, Bitcoin’s price movements have signaled a clear consolidation pattern, suggesting the market is gearing up for another major…

Nearly 20% of Russians have used cryptocurrency, while 66% are aware of it but lack detailed knowledge, according to a new survey. Nearly one-fifth of Russians have used cryptocurrency, while more than 65% are aware of them but lack detailed knowledge, Russia’s state-run TASS news agency reported on Monday, Sept. 30, citing data from a survey conducted by a local financial marketplace. The survey of 1,200 respondents aged 18 and older across Russia highlights the gradual uptake of crypto among Russian consumers, with over 20% reporting some experience with crypto. The survey found that almost 80% of respondents have never…