Author: NBTC
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. On Friday, the SEC filed suit against Nova Labs, the developer behind the Helium Mobile crypto-enabled cell network. The agency charged Nova Labs with fraud and registration violations. The litigation wound up being the last of Gary Gensler’s four-year tenure as SEC chair, and it was a seemingly poetic way for Wall Street’s top cop to go out. The regulator frequently locked horns with the crypto industry, which bristled against his “regulation by enforcement” approach. His staff departs with a lawsuit against a company it had been…
Ave.ai has revealed a new strategic partnership with Storm Trade. This partnership merges Ave.ai’s expert Web3 terminal with Storm Trade’s easy-to-use Telegram trading service to provide superior trading experiences. Ave.ai shared this news update via official X account. Users will receive better trading tools through the partnership. Users will gain entry to multiple markets with significant investment leverage opportunities. We are thrilled to announce a strategic partnership with Storm Trade @storm_trade_tonStorm Trade is your all-in-one trading hub, seamlessly integrated within Telegram to deliver a fast, simple, and convenient trading experience.With Storm Trade, you can trade… pic.twitter.com/EVIIX6Kgw0 — Ave.ai (@aveaiofficial) January…
MicroStrategy (MSTR) generated a lot of excitement from public market investors seeking exposure to bitcoin (BTC)-backed equity after founder Michael Saylor encouraged other companies to copy his leveraged strategy. The approach spawned a few success stories like MetaPlanet (MTPLF). That otherwise forgettable hotel operator has rallied over 1,000% since it started adding BTC to its balance sheet in April 2024. Diagnostic equipment company Semler Scientific (SMLR) has also more than doubled since it started adding BTC to its balance sheet. Thinking rationally, however, does this particular corporate pivot have a reliable track record of success? Setting aside these outliers, do…
In a recently published tweet, Monica Long, Ripple president, teased her upcoming speech during the XRP Community Day that is scheduled for Jan. 28-29 this year. Monica Long to unveil Ripple plans for 2025 Long hinted what her speech will be about – she will reveal the company’s goals for 2025, which has just started. They will include how Ripple intends to drive “institutional adoption of tokenized financial assets onchain.” Aside from that, she will talk about blockchain innovation across the Asia-Pacific (APAC) region. The Ripple president intends to talk about much more on Jan. 28 on X Spaces. Excited…
Lesetja Kganyago, governor of the South African Reserve Bank, criticized crypto lobbyists at the World Economic Forum in Davos for pushing countries to add Bitcoin to their reserves. South Africa Central Bank Chief Questions Lobbyists’ Focus on Bitcoin The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has slammed crypto lobbyists calling on countries to adopt or add Bitcoin to their respective reserves. Speaking at a panel discussion at the ongoing World Economic Forum in Davos, Switzerland, Kganyago questioned why the lobbyists are focused solely on having Bitcoin added to reserves and not other assets. According to a…
Retro game publisher Atari is releasing 500 limited-edition physical patch packs through DYLI, a new blockchain-powered collectibles marketplace built atop Abstract Chain, a soon-to-launch Ethereum layer-2 scaling network. The drop marks the iconic gaming pioneer’s latest step into Web3 commerce. Each pack will include one of seven new Atari patches or two vintage designs from the 1980s, the company announced on X. The packs are priced at $15 each, with select packs set to contain bonus items such as stickers and gift cards, with one pack featuring a special item signed by Atari founder Nolan Bushnell. The release builds on…
Upbit, a leading global digital asset exchange, has announced its upcoming support for Animecoin (ANIME) trading on the KRW, BTC, and USDT markets. Upbit Announces Market Support for Animecoin (ANIME) on KRW, BTC, and USDT Markets Animecoin Market Support Timeline Network Supported: Arbitrum One Deposit Opening: January 23, 13:00 Animecoin deposits will be enabled on the Arbitrum One network and users are advised to verify the network before initiating transactions. Deposit and Transaction Instructions Travel Rule Compliance: Deposits made through unregistered virtual asset service providers (VASPs) or without proper “ownership verification” for personal wallets will not be processed. Geçici Alım…
Cryptocurrency analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) amid a bounce in the market. In a new video, Svenson tells his 82,000 YouTube subscribers that Bitcoin is primed to break out above a descending trendline after weeks of sideways price action. “I think we’re going to be getting something similar coming up where the market’s going to move much faster than people expect. It’s going to leave people in the dust and it’s going to send us up to a much higher price level. A full continuation of the parabolic trend, giving us another growth spurt…
The cryptocurrency market is famous (or infamous) for its volatility, which can be very rewarding (or punitive) in trading activities. A crypto trader, for example, had a taste of both of the two worlds, going from $270,000 of unrealized losses up to a $4.5 million in unrealized gains – all within a day. This impressive comeback story was first reported by Lookonchain, in a post on X on January 23. The trade was with VINE, a recently launched Solana-based memecoin on pumpdotfun. On that note, pumpdotfun is a platform that became known in Solana (SOL) for hosting thousands of memecoin…
The Taiwan Financial Supervisory Commission (FSC) has revealed plans to propose a draft law on virtual asset service providers (VASPs) in June 2025. The draft will allow Taiwan banks to issue stablecoins for the first time. Although Taiwan’s authorities have not yet approved the stablecoins currently circulating in the market, the country still uses them because they are backed by U.S. dollar assets. All VASP providers are also required to follow the new VASP registration regulations, which took effect this year, and complete the registration process. FSC proposes a draft law on VASPs in June 🇹🇼TAIWAN TO PROPOSE VIRTUAL ASSET…