Author: NBTC

Pro-crypto billionaire Mark Cuban has set his gaze on the Securities and Exchange Commission chair position after demanding Gary Gensler’s sack. A day after American billionaire Mark Cuban advocated for the sack of Gensler, he declared his intentions to replace the SEC chairperson. In an interview with Fox News, Cuban stated he would take the position of head of the SEC. When asked which job he would hold in the Kamala Harris government, Cuban said without hesitation that he would take on the position of the SEC Chairperson. The pro-crypto billionaire chose this position over appointments like Treasury Secretary and…

With its Bitcoin portfolio, MicroStrategy is almost ready to achieve an incredible milestone as it approaches a $7 billion profit. Bitcoin is getting close to $7,000,000, which suggests that the company’s aggressive accumulation strategy is working. This most recent development is evidence of MicroStrategy’s long-term strategy, which has made the company synonymous with massive Bitcoin investments under the direction of CEO Michael Saylor. The company’s approach has been quite simple: acquire Bitcoin at different prices independent of the state of the market and retain it as a reserve asset. Due to their consistent buying of Bitcoin during market downturns, MicroStrategy…

In comments to Bloomberg today, SEC Chair Gary Gensler discussed BNY Mellon’s crypto custody structure. He suggested that the model used for Bitcoin and Ether ETFs could be applied to other digital assets. While the current approval applies only to Bitcoin and Ether ETFs, Gensler noted that the custody structure is not limited to specific crypto assets. “Though the actual consultation related to two crypto assets, the structure itself was not dependent on what the crypto was, it didn’t matter what the crypto was.” said Gensler. BNY Mellon now has the flexibility to extend its custody services to other digital…

The Zcash Foundation approved a proposal to create a browser-compatible library for web wallets and plugins. MetaMask matched $150,000 to support the development of a MetaMask Snap for Shielded ZEC integration. The Zcash Foundation has announced on the Zcash Community Forum that the Zcash Grants 4 Committee approved a key proposal targeted at expanding the Zcash ecosystem at its most recent meeting. This extension will be accomplished by creating and providing a browser-compatible library with essential primitives for online wallets and browser plugins. Whoo-hoo! Zcash coming to MetaMask thanks to MetaMask and the Zcash Community Grants Committee!https://t.co/jg5zARnGMW pic.twitter.com/6CqvEvqYb3 — zooko🛡🦓🦓🦓…

Known for her anti-Bitcoin (BTC) and anti-cryptocurrency stance, US Vice President Kamala Harris has been making positive statements about digital assets in recent days. At this point, Democratic nominee Harris made her first public comments on the cryptocurrency sector during a Wall Street fundraiser in Manhattan. In her speech, Harris said she is committed to encouraging innovation in technologies such as artificial intelligence and digital assets while ensuring the protection of consumers and investors. While these statements from Harris were received positively in the cryptocurrency industry, a statement came from Democratic congressman Ro Khanna. You Can’t Be Against Bitcoin (BTC)…

In a recent interview with Jeremy Szafron of Kitco News, financial analyst Clem Chambers discussed the surging prices of Bitcoin and gold, offering his unique insights into the reasons behind these movements and what they signal for the future. The conversation began with the notable milestone of Bitcoin surpassing $65,000, though it quickly faced some profit-taking. Simultaneously, gold was hovering near record highs at around $2,700, reflecting an interesting period for both asset classes. Chambers linked these developments to central bank liquidity injections, pointing out that China’s central bank had injected liquidity into its economy and the Federal Reserve had…

The highly successful author of the “Rich Dad Poor Dad” series of personal finance books, Rober Kiyosaki, has recently doubled down on his prediction of what could potentially be “one of the greatest financial crisis in world history.” Echoing the sentiments of investment banker Jim Rickards in his new work MoneyGPT, Kiyosaki took the microblogging platform X (formerly known as Twitter) to tell his over 2.6 million followers they should move to protect their wealth from the potential storm. Kiyosaki emphasized the importance of holding physical assets, particularly silver coins and Bitcoin, and argued that in times of crisis, silver…

What is XRPL? XRP Ledger (XRPL) is a decentralized public blockchain designed for fast transfers of XRP, fiat currencies and digital assets, accessible to anyone for development. It was created in 2012 by Jed McCaleb, Arthur Britto and David Schwartz under Ripple Labs with the goal of providing a global payment infrastructure that also supports the digital asset XRP. XRPL was developed to address inefficiencies in the traditional financial system, using the XRP Ledger Consensus Protocol instead of Bitcoin’s energy-intensive proof-of-work. This protocol, known as the Ripple Protocol Consensus Algorithm (RPCA), allows validators to collaboratively determine transaction validity and order.…

As crypto becomes ever more mainstream and intersects with traditional finance and bureaucracies, cultural clashes are inevitable. After all, bitcoin promised to separate money from the state, while crypto evolved as a means of transacting peer-to-peer, uncensored, permissionless ways on alternative rails. So, how can these worlds–the orthodox and the blockchain-built alternative–possibly align? That remains to be seen, but recent news of the formation of a new organization called the MiCA Crypto Alliance is an example of differing approaches crossing and perhaps clashing. Just to recap, MiCA (Markets in Crypto-Assets) regulation is a comprehensive framework of EU crypto rules that…

Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has surpassed $65,000 after a 3.39% price surge, driving the broader crypto market to a $2.31 trillion valuation. Ki Young Ju, founder and CEO of CryptoQuant, pointed out that Bitcoin has finally overcome market FUD, including the German government selling its BTC holdings and the Mt. Gox repayments. Read also: German Government Completes Bitcoin Liquidation, Wallet Balance Hits Zero #Bitcoin won all FUD this year. The market absorbed Mt. Gox and German BTC selling with minimal impact, as data predicted. https://t.co/ljkzujbhGy — Ki Young Ju (@ki_young_ju) September 27, 2024 Earlier this…