Author: NBTC
Famous wealth advisor Mickle says Judge Torres’ decision concerning the secondary market trading of XRP does not establish a binding precedent for other courts to follow. Mickle made the assertion while reacting to a comment from famous crypto YouTuber Wendy O, who acknowledged the importance of XRP’s non-security status in the secondary market. According to Wendy O, this classification is important to the broader crypto and NFT (non-fungible token) industry. The comment suggests that the classification could impact how other digital assets could be treated. The Issue Reacting to the development, Mickle said the only problem with the “ruling” is…
Sen. J.D. Vance (R-OH), who last month became former president Donald Trump’s running mate, has disclosed that he still holds between $101,000 to $250,000 worth of Bitcoin in his 2023 annual financial disclosure. The Bitcoin disclosure, which Vance notes is held in a Coinbase account, isn’t new. The Republican senator also reported holding between $101,000 to $250,000 in BTC on his 2022 annual report and his 2021 candidate disclosure when he was running for his Senate seat. There’s a wide discrepancy in the value of his assets because federal laws require U.S. lawmakers to specify a range for their assets,…
Crypto ATMs had been relatively common in the UK—even though the Financial Conduct Authority (FCA), the body that regulates financial services in the UK, banned them in 2022. According to data from Coin ATM Radar, 81 working crypto ATMs were in the UK in March 2022, placing it among the top ten in the world at the time. Though there have been numerous crackdowns by UK police on crypto ATMs since the ban, this is the first reported case of a criminal charge occurring as a result of operating one. Police officers carried out a search warrant at an electronics…
Dubai – Crypto.com has unveiled a major expansion of its global retail services, now enabling seamless deposit and withdrawal options for users in over 90 countries. This service, powered by Standard Chartered, marks a significant advancement in the accessibility and convenience of crypto transactions for millions of users worldwide. (Cover photo: Eric Anziani, President and COO of Crypto.com)—Operating through its regional hub in Dubai, Crypto.com is set to offer these enhanced retail services globally. The expansion is supported by Dubai’s progressive regulatory environment, led by the Virtual Assets Regulatory Authority (VARA), which ensures a secure and robust framework for the…
Focusing on the US CPI inflation data, Bitcoin (BTC) and the broader crypto market staged a strong recovery that began yesterday evening. While the Bitcoin price increased by 2.8% in the last 24 hours and rose above the $61,000 level, it is thought that the strong stablecoin inflows that occurred last week were effective in this rise. At this point, 10X Research founder Markus Thielen said that the increase in stablecoin issuance affects Bitcoin price movements and could be the key to its next rise. Noting that a total of approximately $2.8 billion worth of USDT and USDC were issued…
U.S. judges are providing clarity on the legal status of cryptocurrency tokens. In a series of recent rulings, judges have emphasized that tokens themselves are not inherently securities. These decisions come from cases involving Ripple, Kraken, and Binance, where the SEC sought to categorize these tokens as securities under existing laws. Judge Torres in SEC v Ripple told the SEC that the XRP token itself is not a security /1 pic.twitter.com/XpjbaJbdsl — bill morgan (@Belisarius2020) August 29, 2024 In the SEC v. Ripple case, Judge Torres explicitly stated that XRP, Ripple’s digital token, is not inherently a security. This ruling…
The cutting-edge, technologically advanced payments bank Banking Circle S.A. and Binance Pay, a leading cryptocurrency contactless payment technology, have reached an agreement enabling Banking Circle S.A. to handle EURI payments on the Binance Pay platform. Since, EURI is now integrated into Binance Pay, users may deal with this stablecoin with ease, increasing the usefulness of digital currencies in everyday financial transactions. On August 28, 2024, Binance became the first digital asset trading platform to support EURI, Banking Circle’s inaugral e-money token that complies with Markets in Crypto-Asset Regulation (MiCAR). Jonathan Lim, Global Head of Binance Pay, stated: “At Binance Pay,…
Bitcoin’s price broke above $61,700 on August 14, after climbing 7% in the last two days. On-chain data reveals increased whale demand from Grayscale’s investments trust coinciding the dovish US CPI data. Could BTC be on the verge of a $65,000 breakout? BTC Surges 7% in 48-Hours Bitcoin began August with a shaky start, but over the past week, the cryptocurrency has gained steady upward momentum. The most recent wave of Bitcoin’s rally can be linked to Grayscale, a major institutional investor, which announced new crypto asset offerings to its U.S.-based clientele. The uptrend started when Grayscale launched new cryptocurrency…
The Polkadot Treasury holds assets equivalent to 38 million DOT, worth approximately $245 million. Head Ambassador Tommi Enenkel, popularly known as Alice and Bob, shared a new report providing the latest update on the network’s treasury. This balance equates to about two years of the runway at its current spending rate. The report stated: “At the current rate of spending, the Treasury has about two years of runway left, although the volatile nature of crypto-denominated treasuries makes it hard to predict with confidence.” Polkadot’s first six months of spending During the first six months of this year, Polkadot invested heavily…
Former President Donald Trump announced his intent to position the U.S. as a global crypto hotspot if elected. On Aug. 29, Trump stated that he would lay out his plan to ensure America becomes the “crypto capital of the planet” as blockchain and digital assets increasingly feature in U.S. political campaigns. Trump’s X post also mentioned the World Liberty Financial initiative, spearheaded by his sons, Donald Trump Jr. and Eric Trump. Details about the project were scarce at press time, but rumors suggest it revolves around real-world assets and tokenization. The Trump sons also warned crypto proponents to beware of…