Author: NBTC

Damian Williams, the prosecutor behind the FTX’s Sam Bankman-Fried trial, is potentially planning to leave the US District Court for the Southern District of New York before Trump takes office in January. Reports from earlier in the week suggested that Trump is planning to replace Williams with Jay Clayton, the former SEC chair. High-Profile Crypto Trials Under Damian Williams Williams was appointed in 2021 under President Joe Biden. Since then, he has led some of the most high-profile crypto fraud prosecutions in recent years. His office played a critical role in holding crypto executives accountable following the sector’s turmoil in…

Gemini started operating in France, allowing users to deposit, trade and store digital assets. The move comes weeks before EU’s MiCA regulations allow registered companies to expand across the trading bloc. Gemini crypto exchange opened up to users in France just weeks before the European Union’s Markets in Crypto Assets (MiCA) regulations kick in, paving the way for an expansion across the 27-nation trading bloc. Users, including institutions, in the EU’s second-largest economy are now able to open a Gemini account to deposit, trade and store digital assets, the New York-based company founded by Cameron and Tyler Winklevoss said Tuesday.…

Earlier this month, the European Central Bank (ECB) published a paper in which the authors claim the existence of Bitcoin could impoverish non-holders and latecomers. Specifically, they wrote: “Since Bitcoin does not increase the productive potential of the economy, the consequences of the assumed continued increase in value are essentially redistributive, i.e. the wealth effects on consumption of early Bitcoin holders can only come at the expense of consumption of the rest of society.” It drew the ire from many bitcoiners, including Frank in his Take… but isn’t this essentially what hyperbitcoinization is? If bitcoin becomes the money of the…

After Donald Trump’s Milwaukee rally was marred by technical issues and what some called an uncharacteristically agitated performance, at least one Trump-themed meme coin jumped in value while others took a significant downturn. Investors, who once rallied around these coins due to the ex-president’s association with digital currencies and nativist rhetoric, saw red across their portfolios — except TrumpCoin (DJT). Many of these coins initially spiked due to Trump’s hints of a pro-crypto stance and political drama before the Nov. 5 election. But on the heels of a Friday rally in Wisconsin, where Trump made lewd gestures with a microphone…

The Shanghai High Court has once again confirmed that virtual currencies (cryptocurrencies), which are considered a type of virtual commodity, have the nature of property under Chinese law. According to the Document Published by the Court, Cryptocurrencies Are Not Prohibited, Businesses Related to Them Are Prohibited However, the Shanghai High Court of China stated that virtual currencies, as a virtual commodity, have property characteristics and are not prohibited by Chinese law. According to the official statement, although this means that cryptocurrencies are not completely banned, commercial activities related to them remain under strict legal restrictions. Chinese authorities are taking a…

Bithumb, South Korea’s leading cryptocurrency exchange, has announced the inclusion of Raydium (RAY) and Ponke (PONKE) tokens for trading against the Korean won (KRW). This news prompted a surge in interest, with RAY prices rising by 10% and PONKE climbing 20% shortly after the announcement. Contents hide 1 What Tokens Have Been Listed? 2 How Did the Market React? What Tokens Have Been Listed? On November 19, Bithumb confirmed the addition of Raydium and Ponke to its trading platform. This strategic listing not only amplifies the reach of Solana-based projects but also encourages user engagement, as evidenced by the rapid…

The leading cryptocurrency Bitcoin (BTC) excited investors by reaching as high as $69,500 at the beginning of the week, but then fell to $66,000. While this decline has raised concerns, popular analyst Michael van de Poppe has claimed that Bitcoin will reach a new all-time high in a few weeks. Stating that he is optimistic about Bitcoin, Poppe said that he sees the solid decline as a healthy correction. Sharing his analysis from his X account, the analyst remained bullish on BTC and argued that a new ATH could occur in the next two to four weeks. This ATH will…

In a crucial month for crypto markets, October has seen several projects standing as the top performers. As per Phoenix Group, $VISTA, $VIRTUAL, $STFX, $CVP, $WELL, $INSP, $TROY, $RAY, $HEART, and $MATH led the market in October. The crypto analytics firm provided the details about their performance in its latest list on social media. BEST PERFORMING PROJECTS IN THE LAST MONTH $VISTA #VIRTUAL $STFX $CVP $WELL $INSP $TROY $RAY $HEART $MATH $INST $DEAI $OLAS $CPOOL $NOS pic.twitter.com/d2eyya8P9F — PHOENIX – Crypto News & Analytics (@pnxgrp) November 1, 2024 $VISTA Leads the List of Top Crypto Projects Based on 1-Month Price…

The US District Court for the Northern District of California has ruled that decentralized autonomous organizations (DAOs) can face legal liability under general partnership laws. Judge Vince Chhabria’s decision, delivered on Nov. 18, establishes that DAOs and their identifiable members can be held accountable for legal actions. This judgment emerged from a lawsuit involving Lido DAO, a decentralized autonomous organization behind the Ethereum liquid staking protocol. The organization attempted to avoid liability by claiming it was not a legal entity. However, the court determined that Lido DAO operates as a general partnership. The Judge wrote: “The Lido DAO general partnership…

An unidentified cryptocurrency trader is capitalizing on the growing meme coins boom, earning significant returns on their Goatseus Maximus (GOAT) investments. Besides these returns, the investor’s trading pattern has raised questions about whether they are a highly skilled trader or have utilized insider knowledge in their transactions. Details of the trade indicate that the mysterious investor turned an initial $58,000 investment into a staggering $7.5 million by buying GOAT, according to on-chain analytics data shared by Arkham on November 1. The trader acquired approximately 1.5% of the total GOAT token supply shortly after its launch, which has since paid off…