Author: NBTC

Former President Donald Trump has publicly pledged to remove current SEC Chair Gary Gensler if he wins the 2024 presidential election, promising to appoint a more crypto-friendly regulator. This decision could shift regulatory oversight of the crypto and financial markets. However, questions about the president’s authority to remove SEC commissioners without cause have raised legal concerns. If Trump wins, one of these things will happen:1. @GaryGensler resigns promptly, as is the tradition when there is a change in administration. 2. Trump asks for Gensler’s resignation on Day 1 and he complies.3. Trump replaces Gensler as SEC Chairman, but allows him…

Crypto exchange BITPoint Japan becomes the first ever in Japan to start listing the memecoin “PEPE.” The frog-based popular meme crypto, PEPE will be available for spot trading, lending, and savings. Ranked 24th on Coinmarketcap with the staggering cryptocurrency market capitalization of 4 Billion, the crypto is exchanging hands at $0.059521 after going up by 0.44%. BitPoint Japan announced the start of trading of the cryptocurrency PEPE, the first memecoin in Japan to be listed. The token will be available for spot trading, lending, and fixed investment on the exchange. PEPE is a crypto asset created in 2023 and based…

Researchers from the non-profit organization Exponential Science and University College London have pointed out that Bitcoin mining bans might have unintended environmental consequences that could increase carbon emissions by up to 2.5 million tonnes annually. In the paper titled “The Unintended Carbon Consequences of Bitcoin Mining Bans: A Paradox in Environmental Policy,” the researchers examined how concerns over Bitcoin mining’s environmental impact have prompted various governments to consider or implement bans on cryptocurrency mining. However, these well-meaning policies may have had the opposite effect of shifting mining operations to regions with higher carbon emissions. The research team, consisting of Dr.…

UBS Asset Management, a subsidiary of Zurich-headquartered investment bank UBS, has launched its inaugural tokenized fund on the Ethereum blockchain, aiming to expand access for its clients. According to a Nov. 1 statement, the new product — the “UBS USD Money Market Investment Fund Token” or “uMINT” — offers clients an innovative investment solution. Token holders will gain access to UBS Asset Management’s institutional-grade cash management strategy, which utilizes high-quality money market instruments under a conservative, risk-managed framework. Thomas Kaegi, Co-Head of UBS Asset Management, emphasized that the launch aligns with increasing investor interest in tokenized assets. He commented: “We…

A top trader and on-chain analyst has issued a critical Bitcoin (BTC) warning. Ali Martinez, renowned for his insightful analysis of the market, has predicted that the BTC price may be heading toward a massive crash. He took to X (formerly Twitter) to warn his 70.1K followers about the dark times ahead. Martinez explained that the TD Sequential indicator on the two-month price chart has given a major sell signal for Bitcoin. He is now anticipating a price correction and revealed that if BTC loses the crucial $51,000 support level, one of the biggest Bitcoin crashes could happen. This crash,…

After a downtrodden September, non-fungible token (NFT) sales dropped further in October, totaling $361 million—a 36% decrease. NFT Sales Fall 36% in October, Totaling $361 Million NFT sales in October didn’t quite bounce back, showing a 36% decline after September’s 47.9% dip. The month saw around $361.5 million in sales, with Ethereum NFTs holding the lead. Ether-based NFTs brought in over $120 million, a 34.11% slide from September. Bitcoin NFTs followed, reaching $69.6 million in sales, though this too marked a 27.17% dip. Solana secured the third spot, logging $66.26 million—down 22.94% from September. October’s NFT sales volume from cryptoslam.io.…

Data from Indonesian regulators reveal that more than 60% of crypto investors in Indonesia consist of Gen Zs and Millennials in the age range of 18 to 30 years old. According to a report by local Indonesian media Kompas.id, cryptocurrency is becoming increasingly popular amongst young Indonesian, specifically those in the Gen Z and Millennial age groups. Data from The Indonesian Commodity Futures Trading Regulatory Agency, known locally as Bappebti, reveal that by Sept. 2024, as much as 26.9% of crypto investors are aged 18 to 24 years old. Meanwhile, 35.1% of investors are in the ages between 25 to…

San Francisco – The Graph Network, a leading decentralized data platform, has achieved a monumental milestone, clocking 1.95 billion monthly queries in July 2024, reflecting an 11x growth year-over-year. Alongside this remarkable increase in usage, the number of subgraphs—essentially indexes of blockchain data—has surged to over 9,000, a 361% rise since Q1 2024.—This rapid growth follows The Graph’s bold transition from its hosted service to a fully decentralized network, a crucial shift spearheaded by Tegan Kline, CEO of Edge & Node. Known as the “Sunrise of Decentralized Data” initiative, this move toward decentralization launched in October 2023 and was solidified…

Former FTX executive Nishad Singh has received a letter of support from FTX bankruptcy CEO John J. Ray III ahead of his sentencing for his part in the collapsed exchange’s theft of $8 billion in customer funds. That’s according to Inner City Press and Matthew Russell Lee who shared the letter last night. The letter, addressed to Judge Lewis Kaplan, highlights Singh’s cooperation with debtors, from returning Bahamian real estate that was purchased with debtors’ funds to providing documents and answering questions while under investigation. According to the letter, a final settlement between Singh and debtors is in the works.…

Lars Holst’s GCEX announced today (Wednesday) its partnership with Switzerland-based spot crypto exchange RULEMATCH, which enhances ultra-low latency trading and integrated post-trade clearing and settlement with netting, offering crypto trading access for its institutional clients. Bringing Crypto Trading to Institutions The partnership is strategic, as it enables GCEX’s client base, including hedge funds, algorithmic trading firms, brokers, and ETF/ETP providers, to benefit from binding quotes in an anonymous Central-Limit Order Book (CLOB) with execution times of 25 microseconds, the announcement highlighted. Lars Holst, CEO & Founder, GCEX “We are continually looking to push boundaries and expand our offering,” said Holst,…