Author: NBTC

Martin Gruenberg, Chairman of the U.S. Federal Deposit Insurance Corp. (FDIC), announced today that he’ll be stepping down on January 19, 2025, one day before Trump takes office. I’d like to take this opportunity to tell Mr. Gruenberg not to let the door hit him on the way out. The FDIC chair was one of the key players behind Operation Chokepoint 2.0 (as well as the first Operation Chokepoint), which included the unlawful debanking of a number of Bitcoin and crypto companies, which almost spurred a global financial crisis. During this tenure, Gruenberg directed the FDIC to take unlawful action…

SOL/BTC’s prolonged triangular consolidation has ended with a bullish breakout. Solana-based decentralized exchanges register record weekly trading volume that’s bigger than the combined activity in Ethereum, Base and BSC. It’s said that the best trades occur when the tape, or the direction of the price trend, aligns perfectly with the fundamentals. The solana-bitcoin (SOL/BTC) ratio appears to be one of those rare cases, showcasing a solid bullish price pattern supported by equally impressive activity on the Solana blockchain. Price Breakout The SOL/BTC ratio rose over 1% last week, moving out of a narrowing price range, referred to as triangular consolidation…

EigenLayer is one of the most prominent up-and-coming cryptocurrency projects, serving as a platform for crypto applications to “borrow” Ethereum’s security through a novel concept called “restaking.” Drake and Feist are among the best-known researchers at the non-profit Ethereum Foundation, which is responsible for stewarding the development of Ethereum, the largest smart-contract blockchain and the second-largest overall behind Bitcoin. In the spring, Drake and Feist publicly confirmed that they had each accepted advisory roles with EigenLayer. Each researcher was allotted a significant sum of EIGEN tokens in exchange for helping guide the upcoming project and its roadmap. The controversy surrounding…

Italy’s lawmakers are opposing government plans to increase capital gains taxes and widen the scope of its crypto assets. The proposals, central to Prime Minister Giorgia Meloni’s 2024 budget, are being criticized for potentially stifling innovation and affecting smaller businesses. Economy Minister Giancarlo Giorgetti proposed raising cryptocurrency capital gains taxes from 26% to 42%, aligning them with other financial income. However, some members of his ruling coalition are reportedly opposing the steep hike and suggesting capping the tax increase at 28%, Reuters reported. Amid the internal rift, Giorgetti has signaled a willingness to reconsider, exploring alternative taxation structures to resolve…

Leading cryptocurrency exchange Binance has announced that it has further expanded its offerings and enhanced user trading experience by adding new trading pairs and advanced Trading Bots services to its Spot platform. Binance Expands Spot Trading Pairs and Trading Bot Services Binance will open trading for the following pairs starting at 11:00 AM on November 20, 2024: ACT/BRL ACT/EUR CATI/USDC ETH/EURI LUMIA/TRY PNUT/BRL PNUT/EUR ETH/EURI Binance has launched a zero maker fee promotion for the ETH/EURI trading pair. This promotion will start with the launch of the new pair and will continue until further notice, providing users with cost-effective trading…

Crypto firm Canaan teamed up with a West Texas Bitcoin mining firm to boost its operations in Texas, expanding its North American footprint. Bitcoin (BTC) mining Canaan has entered into a joint mining agreement with Luna Squares Texas, a Texas crypto mining firm, as part of Canaan’s aim to reach 10 EH/s capacity by mid-2025. Under the terms, both companies will share Bitcoin revenue from Canaan’s Avalon mining machines, with the revenue split dependent on the model, Canaan said in a Nov. 20 press release. For Avalon A14 Series machines, each company will receive 50%, while for Avalon A15 Series…

The price of major cryptocurrency Bitcoin (BTC) could soon reach six figures if this pattern plays out as expected. The vision of crypto investor and analyst, known in the community by the nickname Eljaboom, suggests such a possible development. Thus, reacting to the approaching golden cross on the hourly chart of Bitcoin, Eljaboom asked his audience whether they think it is possible for the main cryptocurrency to reach the coveted $100,000 mark. In addition, the analyst outlined the path that the price of BTC could take if such a scenario were to materialize. BTC Golden Cross Approaching 👀 $100,000 is…

The Trump transition team is considering Teresa Goody Guillén, partner at law firm BakerHostetler and co-lead of its blockchain team, among several candidates to become the next SEC chair, industry sources said. Goody Guillén is a seasoned securities lawyer with experience serving the SEC and opposing the agency on behalf of blockchain companies and traditional businesses. President-elect Trump is seeking a pro-crypto non-bureaucrat to drastically overhaul the SEC with light-touch regulation, the sources said. Teresa Goody Guillén, a veteran of the U.S. Securities and Exchange Commission, is among the candidates president-elect Donald Trump is considering to lead the agency, people…

In a recent tweet, major crypto exchange Binance issued a Community Safety Notice to its users. The alert comes in response to an observed influx of fake tokens falsely associated with Binance circulating on social media platforms. These fraudulent tokens are not endorsed by Binance and pose significant risks of scams or financial loss to unsuspecting investors. Binance wrote in its tweet: “Community Safety Notice. We’ve observed an influx of fake tokens falsely associated with Binance circulating on social media. These tokens are not endorsed by Binance and could put you at risk of scams or financial loss.” Community Safety…

Spurred by the recent Republican electoral trifecta earlier this month and the prospect of federal policy facilitating further and more widespread adoption, bitcoin notched a new all-time high above $90,000. While all eyes have been largely fixed on the regulatory outlook in Washington, Wall Street is taking note of the new margins for miners. Just as higher prices and lower costs magnify margins for traditional commodity producers, higher bitcoin prices and lower energy costs can make mining operations more economical. Beyond the increasing proliferation of bitcoin within investment portfolios, mining operations have become a focus of a new wave of…