Author: NBTC

Gary Gensler wants 33 more people in the enforcement division of the U.S. Securities and Exchange Commission (SEC) to deal with “new and emerging issues,” according to the regulator’s annual budget pitch. Much of that office’s recent, emerging workload has come from the agency’s pursuit of cryptocurrency businesses, such as Coinbase Inc., Kraken and Binance. A number of U.S. financial regulators noted the rise of crypto as a justification for their latest budget requests – an annual exercise that tends to say more about agencies’ priorities than the actual funding they necessarily end up with. The SEC, for instance, has…

In anticipation of the forthcoming Bitcoin (BTC) halving event, thousands of outdated Bitcoin mining machines in the U.S. are being prepared for shipment to destinations abroad. According to Bloomberg, SunnySide Digital — a wholesaler in the crypto mining industry — is sending approximately 6,000 older Bitcoin mining machines to a warehouse it operates in Colorado Springs. The company plans to refurbish and resell these machines to buyers overseas, especially in regions with cheaper energy costs. SunnySide Digital CEO Taras Kulyk said the decision is a natural response to the halving event. Buyers are seeking locations where electricity expenses are minimal.…

Legendary trader Peter Brandt has recently unveiled his bullish outlook on the price of Bitcoin, shedding light on the unprecedented shifts witnessed on the crypto market as February comes to a close. With Bitcoin surging by an impressive 43.57% and reaching $64,000, Brandt’s insights have captured the attention of investors. Brandt, a prominent figure in the field of trading, has analyzed Bitcoin’s recent performance and shared his perspective on its future trajectory. Indicating a significant shift in market dynamics, the expert suggests that the remarkable surge in February marks the beginning of a new phase for Bitcoin. Drawing parallels with…

Real World Assets (RWA) in DeFi and Crypto demonstrate how tokenization unites blockchain and traditional finance. Digital tokens for real estate and gold could change decentralized finance. To add RWAs to DeFi, you must understand how they formalize off-chain transactions, connect information, and handle demand and supply in the RWA protocol. RWAs connect the real and digital worlds in DeFi, expanding investment opportunities, liquidity, and market access. This DeFi RWA study shows how innovation and financial change are possible in a fast-changing ecosystem. Understanding How RWAs Work Understanding how RWAs work is essential to understanding their value in DeFi. Off-chain…

Bone ShibaSwap (BONE), the gas token of the Shiba Inu layer-2 network Shibarium, has recorded a 6% jump following the listing of its margin trading on the Gate.io exchange. The listing, announced by the official X account of the Shiba Inu ecosystem, went live on March 21 with the protocol advocating responsible trading. Margin trading involves borrowing money from an exchange to buy the asset of choice. Repayments are made at a later date but with higher interests. Woof! Did someone say BONE appétit? $BONE margin trading is now LIVE on @gate_io Ready to maximize your gains? just remember, trade…

Ripple Chief Technology Officer (CTO) David Schwartz has issued an important warning about ongoing scams aimed at customers of the now-defunct crypto trading platform FTX. As the bankruptcy proceedings of FTX advance and the possibility of repaying some customers emerges, opportunistic scammers are sprouting up, aiming to prey on unsuspecting victims. There are some scam emails circulating claiming that you need to do something about your FTX claim. Don’t use the links in those emails. You can check the status of your claim at the official portal:https://t.co/4AvGkii3kh — David “JoelKatz” Schwartz (@JoelKatz) March 21, 2024 According to Bloomberg, FTX told…

BlackRock, the world’s largest asset manager, and its iShares Bitcoin Trust (IBIT) have officially joined the exclusive $10 billion club. The fund rapidly achieved this status, becoming the fastest exchange-traded fund (ETF) to reach the $10 billion threshold in assets under management (AUM), a feat that underscores the accelerating institutional adoption of cryptocurrency-focused investment vehicles. $GLD held the record for multiple decades for fastest ETF to $10B. Did it in just under 3 years. $IBIT just did it in 7 weeks. — Anthony Scaramucci (@Scaramucci) March 1, 2024 It took BlackRock’s Bitcoin ETF only seven weeks to reach this milestone.…

Phantom wallet developer Brian Friel acknowledges priority fee ineffectiveness, signaling ongoing challenges due to Solana facing network congestion. The meme coin craze on Solana has eventually led to a “large amount of congestion,” which makes priority fee mechanism useless for some users, Brian Friel, developer relations manager at Phantom, admitted in a recent X post. Addressing users who encountered difficulties with transactions on Phantom earlier, Friel urged them to retry, assuring them of a smoother experience “with the next network release in April.” “Priority fees are not the cure for this issue. With the current issues the network is facing,…

U.S. Securities and Exchange Commission Chairman Gary Gensler used a speech on the “public good” of securities disclosures on Friday to point specifically at the crypto industry as a problem area. Gensler, whose tenure atop the agency has been marked by a legal crusade against what he argues is a largely noncompliant industry, suggested that digital assets businesses are among those seeking to “whittle away at the SEC’s disclosure regime,” which requires companies to register securities and provide information to investors about them. “There are participants in crypto securities markets that seek to avoid these registration requirements,” he said in…

Researchers at CoinGecko say 42% of loans from private credit protocols focus on emerging markets, particularly in the automotive sector. Private credit protocols — like Centrifuge and Goldfinch — allocate over 42% of their outstanding loans to a car financing, CoinGecko has revealed in a recent research report, adding that the sum is totaling more than $196 million in active loans. The surge in auto loans, which reached over $168 million across 60 loans in the past year, is primarily driven by borrowers mainly located in emerging markets like Africa, Southeast Asia, Central America, and South America. Blockchain-powered active loans…