Author: NBTC
In recent weeks, the U.S. Securities and Exchange Commission (SEC) has paused or dismissed multiple lawsuits and investigations involving major cryptocurrency firms. This has marked a big change in regulatory enforcement. The move comes after leadership changes inside the agency and the creation of a Crypto Task Force to rethink enforcement priorities. Companies such as Binance, Coinbase, Kraken, and Uniswap are among those affected. The decisions, announced between February and early March, suggest a coordinated change in approach. SEC Lawsuit Wave: Suddenly Halted The SEC had previously filed lawsuits and launched investigations against various crypto companies over alleged securities violations.…
Shares of HIVE Digital jumped following the company’s announcement of a 23% year-over-year rise in Bitcoin reserves. Canadian crypto mining company HIVE Digital has released its February production results, revealing that its Bitcoin (BTC) holdings increased by more than 20% year-over-year. In a March 9 press release, the Vancouver-headquartered company said it had mined 89 BTC, increasing its HODL portfolio to 2,620 BTC, valued at around $220 million. While the company’s Bitcoin holdings increased by 23% YoY, its month-over-month crypto holdings saw a decline, though HIVE Digital didn’t disclose the amount of Bitcoin sold during the month. “[…] on a…
In a report released this Wednesday, Fidelity Digital Assets in collaboration with Lightning payment provider Voltage released a report on the state of the Lightning Network. The report details the many ways in which the Lightning Network has grown since its launch in 2018. It also illustrates how more businesses have begun incorporating Lightning in 2024 than any year prior, that larger channels are forming on the network and that more Lightning nodes are coming online. Source: The Lightning Network: Expanding Bitcoin Use Cases Some key stats from the piece include the following: Total Lightning capacity denominated in U.S. dollars…
Prices of ether (ETH), the native token of Ethereum’s blockchain, fell almost 20% in the seven days to March 9, registering their biggest weekly percentage slide since November 2022, according to data source TradingView. The sell-off has penetrated a bullish trendline that starts with the low registered after the June 2022 crash of Terra’s algorithmic stablecoin, UST, which destroyed billions in investor wealth. The decisive breakdown means ether’s near three-year-long bullish trend has likely ended, shifting focus to more profound losses, potentially to support identified by September-October 2023 lows near $1,500. Ether’s weekly chart. (TradingView/CoinDesk) Trendlines help visualize the direction…
According to Crypto.com, Kris Marszalek, CEO of Crypto.com, President Donald Trump has embraced cryptocurrency as a core component of his economic strategy, representing a huge shift in U.S. blockchain policy. On March 7, Trump wooed the cryptocurrency industry’s elite at the White House, hosting a first-of-its-kind summit focused on his plans for a government-owned stockpile of digital assets. He welcomed a wide range of industry players to the event. The summit marked a “truly historic day at the White House,” Marszalek said in a March 8 X post. Trump’s crypto policies spark regulatory shifts and industry optimism Marszalek lauded Trump…
Recent statistics reveal how Tron, Solana, and Ethereum each measure in terms of financial strength and user participation. Different blockchain networks currently compete to gain supremacy based on different metrics. The blockchains get millions of everyday users alongside generating millions of dollars in revenue and collectively building the foundations of Web3. KEY METRICS ON POPULAR #BLOCKCHAINS #Tron #Solana #Ethereum #Base #BNBChain #Arbitrum #Optimism #Injective #Immutable pic.twitter.com/CRl2sPbEZb — PHOENIX – Crypto News & Analytics (@pnxgrp) February 20, 2025 Tron Tops the Charts With the Highest Revenue and Strong User Base Tron maintains its status as the top blockchain because it leads…
Trump potentially dials back Elon Musk’s DOGE authority, clarifies that Cabinet should make staffing decisions
According to a report from NBC, President Donald Trump informed his Cabinet secretaries during a meeting on Thursday that they will have the final say on staffing decisions, not Elon Musk and his Department of Government Efficiency (DOGE). Trump reportedly instructed Cabinet members and DOGE to team up and work on spending and workforce reductions. However, he clarified that final job cuts will happen at the discretion of the department leaders. President Trump’s new mandate regarding DOGE “We just had a meeting with most of the Secretaries, Elon, and others, and it was a very positive one,” Trump shared on…
Bitcoin’s price fell 3.07% to $95,086 on Feb. 21, 2025, as markets reacted to a $1.4 billion hack at Bybit and technical indicators signaled bearish pressure. Bearish Signals Dominate Bitcoin Charts Amid Security Breach Fallout Bitcoin traded within a 24-hour range of $95,086 to $99,504, reflecting heightened volatility following the breach of Bybit’s Ethereum cold wallet. The exchange confirmed customer funds remained secure, but the incident amplified investor caution. Bitcoin’s market cap held at $1.88 trillion despite a $45.55 billion daily trading volume, underscoring the tug-of-war between panic selling and bargain hunting. The breach’s timing exacerbated existing technical weaknesses, with…
Ethereum is a decentralized blockchain platform that enables programmable contracts, the creation of digital currencies, and applications, reshaping industries from finance to art through innovation and automation. Understanding Ethereum’s Foundation Ethereum, proposed in 2013 by programmer Vitalik Buterin and launched in 2015, builds on Satoshi Nakamoto’s blockchain technology but expands its capabilities beyond peer-to-peer payments. Unlike Bitcoin with its native asset BTC, which primarily functions as a digital currency, Ethereum operates as a global, open-source platform for decentralized applications (dapps) and smart contracts. Ethereum is the second largest cryptocurrency by market cap with an overall valuation of $266 billion during…
Government Shutdown Crisis Could Happen in the US This Week – Here is the Crucial Date and All You Need to Know
House Republicans have introduced a spending bill that aims to fund government agencies through Sept. 30, setting the stage for a high-stakes power struggle in Congress. The move forces Democrats to either support the bill or risk a devastating government shutdown on March 15. The legislation, backed by President Donald Trump, is expected to face strong opposition from Democrats. House Speaker Mike Johnson will attempt to muster his party’s narrow majority to pass the 99-page bill through the House on Tuesday, likely without Democratic support. But its fate in the Senate remains uncertain because it needs support from moderate Democrats…