Author: NBTC

The Senate Banking Committee will decide on SEC Commissioner Caroline Crenshaw’s renomination on December 11, facing industry criticism. Leaders like Coinbase’s Emilie Choi and analysts oppose Crenshaw’s anti-crypto stance, citing her rejection of Bitcoin ETFs. As Gary Gensler prepares to exit, Trump’s SEC chair nominee Paul Atkins signals potential policy shifts for crypto. The United States Senate Banking Committee will meet to decide on whether to reappoint Crenshaw as an SEC commissioner on December 11. Crenshaw lately became an ardent opponent of cryptocurrencies and incurred criticism from the industry’s representatives who consider her definitions of digital coins too restrictive. Crypto…

LookOnchain revealed that BlackRock sold 182 Bitcoin worth $11.34 million. The analytics firm added that the hedge fund currently holds over 369,640 BTC. They also highlighted that BlackRock bought 7,574 Ethereum and currently holds 414,168 Ethereum worth $1.01 billion. LookOnchain announced that BlackRock sold Bitcoin worth $11.34 million and bought Ethereum worth $18.52 million. The blockchain analytics firm also stated that BlackRock holds 369,640 BTC, which is currently valued at over $23 Billion. BlackRock sold $BTC and bought $ETH! BlackRock sold 182 $BTC($11.34M) and currently holds 369,640 $BTC($23.02B).https://t.co/kqNUqHBiTn BlackRock bought 7,574 $ETH($18.52M) and currently holds 414,168 $ETH($1.01B).https://t.co/sefS6WTlHz pic.twitter.com/ljZW1Nn1xc — Lookonchain…

Stacks has announced the launch of a 35% annual percentage yield for Hermetica’s stablecoin USDh, setting a record for the Stacks DeFi ecosystem. In a recent post on Dec. 9, the Bitcoin (BTC) layer-2 scaling solution Stacks reveals the launch of a 35% annual percentage yield on its DeFi ecosystem. This yield marks a new all-time high for the Stacks (STX) ecosystem and is available through Hermetica’s stablecoin USDh. “Shoutout to the incredible Bitcoin builders on the leading Bitcoin L2 for pushing the boundaries of what’s possible on Bitcoin!” said the official Stacks account in their post. The Bitcoin DeFi…

An unusual mystical transfer of tens of millions of Dogecoin (DOGE) tokens took place today on the world’s largest crypto exchange, Binance. Thus, according to a report by Whale Alert, 176.64 million DOGE, worth more than $25.05 million, were transferred to Binance today, Oct. 20. The transfer was made from an address with the code “DD1h9.” This wallet is not new and has an extensive transaction history. There is not much DOGE left on it now, but all over the time almost 15.54 billion coins have passed through the wallet, equivalent to $2.16 billion at current prices. So we can…

The U.S. Securities and Exchange Commission (SEC), led by outgoing Chairman Gary Gensler, is reportedly preparing to reject multiple applications for Solana spot ETFs, potentially deferring their approval to the incoming administration under President-elect Donald Trump. Fox Business journalist Eleanor Terrett revealed that at least two of the five potential issuers have been notified of the SEC’s potential rejection. Sources suggest the regulator is unwilling to approve any new cryptocurrency ETFs in the final months of the Biden administration. Bloomberg Intelligence analyst Eric Balchunas called Gensler’s stance a “parting gift” to the crypto industry. Another Bloomberg Intelligence analyst, James Seyffart,…

The Bitcoin ongoing rebound, reclaiming the $62,000 price mark once again today, has sparked renewed optimism in the cryptocurrency community. According to a recent analysis by CryptoQuant analyst Crypto Dan, the current market is still amid a bull cycle, with promising long-term prospects for Bitcoin holders. While the market has faced some short-term turbulence, key indicators suggest that more gains may be on the horizon. Bull Run Is Still In Progress Crypto Dan’s insights, shared on the CryptoQuant QuickTake platform, highlight how Bitcoin’s current movement mirrors patterns seen in previous bull cycles. Specifically, Dan noted that long-term investors realized profits…

Main Takeaways Binance On-Chain Yields lets you earn rewards from decentralized protocols without the need for complex setups or technical expertise. The first offering allowed users to stake BTC via the Babylon Protocol and earn Babylon Points with ease. Stay tuned for updates on new quotas and offerings! Enjoy high-yield opportunities, seamless integration, and flexible redemptions directly through your Binance account. This is a general announcement. Products and services referred to here may not be available in your region. Web3 offers boundless opportunities for earning and exploring decentralized protocols, but for many, the complexities of on-chain setups can be overwhelming.…

Unusual trading activity has been detected on South Korea’s largest cryptocurrency exchange Upbit, particularly in altcoins such as Bitcoin Gold (BTG), Aave (AAVE), Theta Network (THETA), Pyth Network (PYTH), and Tezos (XTZ). On the 1-hour chart, Bitcoin Gold saw a significant increase in trading volume on Upbit. The average volume over the last 50 hours was $4,000, while the latest hourly increase was $13,000, representing a 217.26% increase. On Binance, the trend reversed, with volume dropping by 28.60% from $27,000 to $19,000. Aave saw a 225.80% increase in volume on Upbit, rising from an average of $419 to $1,000 in…

The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against individuals and entities linked to a Russian money laundering network that used Tether (USDT) and other cryptocurrencies to facilitate illicit transactions. The sanctions, part of a joint effort with the United Kingdom and the United Arab Emirates, aim to dismantle the network’s activities. The network, allegedly operated by Ukrainian national George Rossi, was centered around the TGR Group, which reportedly provided services such as cash-to-crypto exchanges, prepaid card solutions, and assistance for Russian citizens to acquire property in the UK. OFAC has imposed…

On Dec 11, the U.S. Senate Banking Committee will decide whether to renominate Caroline Crenshaw, a Democrat Securities and Exchange Commission (SEC) commissioner. Crenshaw has always been a staunch critic of cryptocurrencies and the crypto community is not happy with the prospect of her re-election. Crenshaw is ‘anti-crypto,’ says Coinbase COO Crenshaw, who was sworn into her role in August 2020, was one of two SEC commissioners who opposed the approval of spot Bitcoin exchange-traded funds (ETFs) in January. In her letter dissenting from the SEC’s decision, which Crenshaw called “unsound and ahistorical,” she wrote: “I fear that today we…