Author: NBTC
South Korea is speeding up its legislative efforts to regulate virtual asset accounts for corporations and stablecoins. Financial authorities have announced their commitment to finalizing policies in the coming months. At a monthly press conference on January 22, Financial Services Commission Chairman Kim Byung-hwan revealed plans to announce the authorities’ stance on corporate virtual asset accounts soon. U.S. Influence on South Korea’s Crypto Policies South Korea’s regulators are closely monitoring international developments, especially in the U.S., where the Trump administration is taking proactive steps toward crypto regulation. Chairman Kim noted that global trends significantly influence South Korea’s pace in institutionalizing…
Spot Bitcoin exchange-traded funds in the United States returned to an inflow streak on Jan. 16 as Bitcoin cemented its position above $100K ahead of President-elect Donald Trump’s inauguration ceremony. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $626.15 million in inflows on Thursday, extending their inflow streak for the second consecutive day, with over $1.3 billion entering the funds during this period. BlackRock’s IBIT attracted the lion’s share of inflows yesterday, drawing in $527.87 million from investors following a day of relatively weak inflows experienced by the fund. The asset manager’s spot Bitcoin ETF currently holds…
The short video platform Vine, once mentioned by Elon Musk, has launched a memecoin called VINECOIN. Shortly after its debut, VINECOIN’s market value skyrocketed to $18 million. Vinecoin Launched on Pump.fun Remembering all the fun we had building vine — Let’s relive the magic and DO IT FOR THE #VINECOIN CA: 6AJcP7wuLwmRYLBNbi825wgguaPsWzPBEHcHndpRpump — Rus (@rus) January 23, 2025 On January 23, Rus Yusupov, one of the founders of Vine, posted on the X platform announcing the launch of VINECOIN on pump.fun. He also shared a video to confirm that his account had not been hacked. He also stated, “All $VINE…
As the US SEC gears up for its first meeting under acting chair Mark Uyeda, there are growing speculations in the crypto community about an imminent Ripple SEC case settlement. However, in a recent X post, former securities lawyer Marc Fagel dismissed the settlement rumors, warning that those expecting a quick resolution will likely be let down. Notably, according to the former SEC attorney, the Ripple SEC case settlement is likely to happen after Paul Atkin’s appointment as the SEC Chair. At some point perhaps (though more likely to happen after Atkins’ appointment as Chair). But not at this week’s…
Bitcoin has broken out of a key bull flag pattern. Analysts believe the Bitcoin recovery phase is finally in full swing. Next ATH target set for BTC at $116,650. Bitcoin continues to show its superior crypto prowess in a highly volatile market that seems to be on a steady recovery. Presently, the price of Bitcoin is $101,458, this is a significant pump from its previous few weeks when BTC price was struggling in the low $90,000 to mid-$90,000 price range. Bitcoin Breaks Out of Key Bull Flag Pattern However, despite the sudden pump and the reclamation of a 6-digit price,…
Most TRUMP holders are retail investors with less than $100 in profits, while 60 whales have gained over $10 million, according to Chainalysis. The majority of crypto wallets holding the Official Trump (TRUMP) meme coin haven’t made much money. According to data by Chainalysis, over 77% of them have earned less than $100, while whales have pocketed over $10 million each. In an X thread on Jan. 23, the New York-headquartered blockchain forensic firm revealed that TRUMP and MELANIA (MELANIA) meme coins are mostly popular with small-time investors. “Over 80% of $TRUMP and/or $MELANIA holders are investors who hold less…
Former CFTC Chair Chris Giancarlo contends that regulators will allow U.S. banks to use crypto for payments. The crypto industry’s fortunes appear to be changing rapidly. Just weeks ago, the trending topic in the space was “debanking,” a term describing claims that market participants had been locked out of banking services due to regulatory pressure. Now, only a few days after President Donald Trump‘s inauguration, and one of the leaders of the U.S.’s top banks is already talking about embracing the asset class for payments, with a former top regulator asserting that regulatory moves to greenlight this are imminent. U.S.…
The artificial intelligence (AI) sector within the cryptocurrency market is still relatively small compared to past market cycles, but it’s showing significant potential for growth. Analyst Miles Deutscher reports that the AI token market cap is nearly nine times smaller than the peak of the “SOLUNAVAX” cycle in 2021. A recent chart from Messari illustrates that alternative crypto sectors often experience parabolic price movements following Bitcoin’s lead. If this historical trend repeats, AI tokens could see further expansion as Bitcoin continues its bullish trajectory. The AI bubble is still 9x smaller than the “SOLUNAVAX” market cap of last cycle.If you…
Justin Sun, crypto billionaire and the founder of the Tron blockchain, has taken to the X social media platform (formerly known as Twitter) to make an important announcement about the future of Tron. Tron aims to reduce stablecoin fees to zero He announced that Tron development teams are now working on massively reducing fees “to deliver a zero-fee stablecoin transactions experience for users.” TRON is happy to announce that our development teams are working on drastically reducing fees to deliver a zero-fee stable coin transactions experience for users. Stay tuned! — H.E. Justin Sun 🍌 (@justinsuntron) January 23, 2025 Several…
Tax. The word may make you cringe, but it’s also one you probably don’t want to ignore. Bitcoin (BTC) hit $100,000 for the first time in December 2024, and while you’ve probably had your fair share of “I told you so” moments with the crypto skeptics over the holidays, now is the time to make sure you’re clued in on the tax side of things if you’re planning to cash in on profits. It’s not just about keeping track of your own jurisdiction; you should stay aware of global rules as well, as your jurisdiction may adopt them in the…