Author: NBTC

The groups that lobby for big-bank interests in Washington asked the White House to step back from its stated intention to kill Congress’ effort to cancel a controversial Securities and Exchange Commission crypto policy. Two of the digital assets sector’s biggest allies on Capitol Hill also sent a similar request to the president. In a rare lobbying overlap with crypto world, Wall Street banks and members of Congress are asking President Joe Biden to reverse course on his vow to veto the U.S. congressional resolution to overturn the U.S. Securities and Exchange Commission’s (SEC) crypto accounting policy. In recent bipartisan…

Cryptocurrency exchange Upbit announced that it will list BEAM, a new digital asset, on its trading markets. Upbit Announces BEAM Trading Support on KRW, BTC, and USDT Markets Important Information for BEAM Trading on Upbit: Ticker Confusion: Some exchanges may list this asset under the ticker BEAMX. However, on Upbit, the BEAM token has contract address 0x62D0A8458eD7719FDAF978fe5929C6D342B0bFcE. Users are advised to verify this contract address before making any deposits or withdrawals. Initial Buying Restriction: Buying orders will be restricted for approximately 5 minutes after launch. Minimum Sell Restriction: During the same first 5-minute period, sell orders priced 10% below the…

In a significant stride towards an interconnected Web3 ecosystem, Alchemy Pay has officially partnered with Galxe to leverage Gravity Chain, Galxe’s latest Layer-1 blockchain innovation. This collaboration marks a pivotal step in fostering a seamless integration across the vast expanse of blockchain networks, heralding a new era of omnichain solutions. Spearheading Innovations in Blockchain Interoperability Alchemy Pay‘s recent announcement unveils a partnership that’s set to revolutionize how businesses and developers engage with blockchain technology. The Gravity Chain by Galxe is designed as a foundational blockchain that aims to bridge various digital assets and smart contracts across multiple platforms, thus enhancing…

Franklin Templeton has filed an updated S-1 form with the Securities and Exchange Commission (SEC) for its anticipated Ethereum exchange-traded fund (ETF), setting a competitive management fee at 0.19%. The recent filing comes as the SEC has called on ETF issuers to finalize their S-1 forms by Friday. Insiders familiar with the process indicate that the SEC’s review will be thorough, with expectations of multiple drafting rounds. As reported by Crypto Briefing, the SEC started engagement with ETF issuers regarding their S-1 registration forms over the past week. Sources familiar with the situation said there is still “work to do”…

In a move toward sustainability and transparency in the energy sector, Électricité de France (EDF), has collaborated with REDEX and Rekursive Labs to automate the management of Renewable Energy Certificates (RECs). EDF is a French state owned firm and also a significant player in the global renewable energy market. This initiative, conducted on Hedera’s decentralized ledger technology (DLT) platform, aims to revolutionize and streamline the $19B renewable energy certificate market. France’s state owned energy supplier and @Hedera Governing Council member, @EDFofficiel, is building multiple #RWA use cases on the #Hedera Guardian 🇫🇷As part of #EarthWeek, we’ll be highlighting these sustainability…

The SEC’s Office of Investor Education and Advocacy has issued an alert, highlighting five common crypto scams investors should watch out for to avoid losing money. The SEC warns that fraudsters exploit cryptocurrency popularity with sophisticated techniques, making fund recovery difficult. For example, “Fraudsters may conduct pump-and-dump schemes with crypto assets, including so-called ‘memecoins’ that refer to popular culture or internet memes,” the regulator said. SEC’s Crypto Scam Warning The U.S. Securities and Exchange Commission (SEC)’s Office of Investor Education and Advocacy issued an Investor Alert on Wednesday, cautioning investors about the increasing threat of scams involving crypto asset securities.…

Bybit confirmed several executives have “changed roles” following a delay in notcoin deposits earlier this month. The exchange issued $32 million in compensation to 320,000 users. Cryptocurrency exchange Bybit has confirmed reports that several executives have “changed roles” after a botched notcoin (NOT) launch resulted in $23 million in compensation being sent to 320,000 users. News outlet Wu Blockchain initially reported that several of the exchange’s executives “voluntarily resigned” and that it has recruited new technical and spot managers. “We are aware of the recent news regarding our executive movements,” a Bybit spokesperson told CoinDesk. “Bybit regularly updates its organizational…

Alchemy Pay, the global leader and pioneer in cryptocurrencies has partnered with Another-1, a Web3 phygital fashion platform on Polygon. It will empower users with an innovative experience of buying physical-digital blended fashion collections at significantly discounted prices. Such collaboration permits users to mint and purchase phygital assets via Alchemy Pay NFT Checkout solution which enables payments in fiat currencies. .#AlchemyPay now supports users to purchase physical-digital blended fashion collections on @another1_io platform using its NFT Checkout solution, enabling direct acquisition of these phygital assets with fiat payments.https://t.co/PdK8zNN9ox$ACH pic.twitter.com/TbN294RJ5G — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) May 31, 2024 Alchemy…

Bitcoin (BTC) is back trading in the $69,000 price range, slightly below the psychological level of $70,000. On a volatile day, cryptocurrency traders look for insights on relevant support and resistance levels for the week. One way of spotting these key levels is by using on-chain data to identify price ranges with potential buying or selling pressure. In particular, IntoTheBlock provides data on the Bitcoin volume that is “in or out of the money,” on April 10. For example, the 614,250 BTC kept by 1.14 million addresses can form support between $66,555 and $68,585, averaging $67,578 per Bitcoin. This is…

Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Casey Wagner and Felix Jauvin. Here’s what you’ll find in today’s edition: The latest movement in the ether ETF saga after initial SEC approvals, and what needs to happen before the products hit your brokerage account A potential stand-off is brewing after Riot Platforms’ “hostile bid” to acquire Bitfarms A look ahead at what Congress is up to and whether or not the new crypto bills will actually make it to the President’s desk $19,925,658,064 That’s the assets under management in BlackRock’s iShares Bitcoin Trust (IBIT) as…