Author: NBTC

Robinhood’s chief attorney, who once served at the SEC, could lead the regulator if President Donald Trump is re-elected next month. Robinhood Markets’ chief legal officer Dan Gallagher has been mentioned as a leading chair candidate at the U.S. Securities and Exchange Commission should former President Donald Trump win the election in November, Politico reported on Monday, Oct. 10. Gallagher has worked at the SEC before, once as a legal advisor to former SEC Commissioner Paul Atkins and also as an SEC commissioner himself from 2011 to 2015. Gallagher was said to have deployed efforts toward the agency’s enforcement and…

Kraken, one of the leading cryptocurrency exchanges, has listed the cat in a dogs world (MEW) meme coin, according to a Thursday announcement. Despite the listing, the price of MEW has plunged by more than 15% over the past 24 hours, according to CoinGecko data. Cats vs. dogs The Solana-based MEW token was launched back in March 2024 in order to challenge the dominance of canine meme coins. Like the overwhelming majority of other joke cryptocurrencies, it does not have any particular use cases. At press time, MEW is the worst-performing meme coin among those meme coins that have a…

Market analyst Will Clemente reports that there has been a notable increase in trading activity for Bitcoin, with over $1 billion in contracts opened on BTC perpetual futures in the last day alone. The market is clearly showing more interest and positions, but there is growing conjecture that a quick flush and run on the market may be imminent, which could signal short-term volatility before any more gains. According to Clemente’s analysis, there may be a significant pullback because large contract positions frequently result in liquidation spikes in the event that the market reverses. $1 billion in contracts opened on…

SCB partners with Thunes to expand instant remittance services, covering 26 countries with 17 currencies through SCB Easy. SCB continues using RippleNet to enhance cross-border payments, ensuring fast, secure, and transparent global transfers. Siam Commercial Bank (SCB), a Ripple partner, has strengthened its position in digital banking by partnering with Thunes to enhance the worldwide remittance capabilities of its SCB Easy app. With the additional advantages of openness, dependability, and real-time processing, this cooperation lets their consumers send money to 26 countries in 17 different currencies. The partnership seeks to guarantee that receivers get the whole amount free from hidden…

The U.S. Securities and Exchange Commission (SEC) is raising alarms about the growing risks of cryptocurrency scams and other investment fraud during World Investor Week 2024. Amid the rising influence of AI, social media, and aggressive financial marketing, investors are struggling to find reliable advice. The agency is focusing on scams involving cryptocurrencies, financial grooming, and “relationship” cons, warning that hype around emerging technologies can mislead unsuspecting individuals. SEC Kicks Off World Investor Week 2024, Urging Investors to Avoid Fraud The U.S. Securities and Exchange Commission (SEC) highlighted crypto risks during World Investor Week (WIW) 2024. The event, running from…

Popular crypto exchange Coinbase has announced a new upgrade for Bitcoin (BTC) users. It will make the BTC transactions easier and seamless for the platform’s users. This move will enhance Coinbase’s transaction capabilities and aligns with ongoing efforts to improve Bitcoin’s scalability and efficiency. Coinbase’s Update on Bitcoin Transfers The latest feature allows users to send Bitcoin to Taproot addresses directly from Coinbase. The news, shared on X (formerly Twitter), stated: “Exciting news! We’re pleased to announce that Coinbase․com users can now send Bitcoin to Taproot addresses, creating access to more onchain destinations. For further context, Taproot is a major…

Proof of Workforce, joined by Santa Monica Vice Mayor Lana Negrete, will showcase the Santa Monica Bitcoin Office at the upcoming California Municipal Revenue and Tax Association (CMRTA) Annual Conference on October 9-10. They will present a case study on the innovative municipal office, the first of its kind in the U.S. Launched in July 2024 after a unanimous city council vote, the Santa Monica Bitcoin Office aims to educate residents about Bitcoin’s potential while identifying industry partnerships to support economic recovery and job creation. “Proof of Workforce is excited to share our experiences and insights with other municipal leaders…

Crypto.com’s US derivatives exchange, Nadex, has listed four derivatives linked to memecoins including PEPE, FLOKI, Dogelon Mars (ELON) and BONK. CoinMarketCap reveals that the total market capitalization of the four memecoins underlying Nadex’s contracts is nearly $7 billion. These “touch bracket” derivatives contracts are hedging tools that help to pay out if a token’s spot price hits an agreed-upon ceiling or floor before the contract expires. According to Oct. 7 filings with the United States Commodity Futures Trading Commission (CFTC), “Touch Bracket Contracts are not only quite popular in markets with high volatility, such as the cryptocurrency markets, but due…

MicroStrategy Founder and Chairman Michael Saylor finally commented on a recently published Bitcoin Whitepaper from BlackRock. Saylor’s comment comes after popular figures like Bloomberg’s Senior ETF analyst Eric Balchunas spotlighted the BlackRock Bitcoin whitepaper. Michael Saylor’s support for BlackRock Bitcoin whitepaper Taking to the X platform, Saylor stated, “For investors, #Bitcoin is a unique diversifier.” Saylor describes the Bitcoin whitepaper as an excellent research piece, articulating Bitcoin’s value and dispelling popular misconceptions. For investors, #Bitcoin is a unique diversifier. @BlackRock has published some excellent research on this topic which articulates the value of bitcoin and dispels popular misconceptions. Take a…

Since late September, BTC has held largely flat amid the stimulus-led 20% surge in the Chinese stocks. The rebound in the battered Chinese equities could be sucking out capital from crypto and Asian equity markets. The capital rotation may be short-lived. China’s battered stock market has experienced a resurgence since late powered by the barrage of stimulus by Beijing. But this surge could be sucking capital out of the crypto market, capping the upside in bitcoin, the leading cryptocurrency by market value, and other Asian markets, according to observers. “The current surge in Chinese stocks, driven by the stimulus package…