Author: NBTC

During a recent interview with Bloomberg, Securities and Exchange Commission (SEC) Chairman Gary Gensler pointed to the volatile nature of cryptocurrencies like Bitcoin and Ether, cautioning investors about the inherent risks. “This is a highly speculative asset class,” Gensler said, emphasizing the dramatic price fluctuations experienced by these digital assets. The conversation also touched on the topic of cryptocurrency regulations. Navigating the waves of crypto volatility Gensler’s warnings come amid growing concerns over the stability of investments in cryptocurrencies after they experienced a rollercoaster ride. “One could just look at the volatility of Bitcoin in the last few days,” he…

On-chain data shows a Bitcoin metric has recently hit levels that have historically led to corrections in the cryptocurrency’s price. Bitcoin Is Currently 40% Above The Cost Basis Of Short-Term Holders CryptoQuant Netherlands community manager Maartunn explained in a post on X that the BTC price is currently 40% above the cost basis of the short-term holders. The indicator of interest here is the “Market Value to Realized Value (MVRV) ratio,” which is an indicator that keeps track of the ratio between the Bitcoin market cap and the realized cap. The “realized cap” refers to a capitalization model for the…

Fireblocks, an enterprise platform for digital asset management and blockchain innovation, has announced the appointment of Michal Ferguson as its new Chief Marketing Officer (CMO). This move comes as the company prepares to capitalize on the growing demand for secure and scalable blockchain infrastructure amid the record prices of Bitcoin (BTC) and growing crypto interest. Fireblocks Strengthens Executive Team amidst Crypto Market Surge Michal Ferguson, the newly appointed CMO, brings experience in building and scaling go-to-market functions at high-growth software organizations. Her cybersecurity and developer marketing background, including roles at Snyk, Threat Stack, and CloudLock, positions her to drive Fireblocks’…

When Bitcoin set a new all-time high earlier this week, it pushed Solana—and most other major digital assets—to the highest price it’s been for a long time. The $139.96 it saw on Tuesday, March 5 was the highest SOL has been since January 2022. But now, even though Bitcoin has slipped below $67,000, the Solana price has pushed past the high it saw on Tuesday and erased the dip it took when Bitcoin crashed. At the time of writing, Solana is changing hands for $141.15 after having gained 6% since yesterday and 7% since last week, according to CoinGecko. Yesterday…

In a recent development in the legal battle between Custodia Bank and the US Federal Reserve (Fed), a federal judge has canceled the scheduled trial, indicating that a decision based on summary judgment is forthcoming. This move is a critical juncture in a case that has wider implications for the cryptocurrency industry in the United States, particularly in the context of the government’s Operation Chokepoint 2.0 strategy, which is perceived as an effort to limit the crypto sector’s access to banking services. The judge in the @custodiabank case against the Fed has cancelled the scheduled trial, signaling that a ruling…

Share: Bitcoin price has reclaimed above $67,000 with clear intention to retake its recent peak above $69,000. Bitget Exchange CEO cites steadfast optimism and unmatched confidence in BTC among community members. ETFs remain a key fundamental with BlackRock’s IBIT taking in a record-smashing $788 million on Tuesday. Bitcoin (BTC) price is edging north, recording higher highs since the onset of the week. The outlook, from a technical standpoint, points to a continuation of the intermediate trend, with a Bitget executive lauding BTC holders for their show of optimism and confidence. Bitcoin holders demonstrate steadfast optimism According to the Managing Director…

Korea Digital Asset (KODA), a prominent player in the digital asset custody sector, has surpassed 8 trillion won (approximately $6 billion) in assets under custody as of February 22. KODA’s staggering growth Established in November 2020 by blockchain investment firm Hashed, KB Kookmin Bank, and blockchain technology company Haechi Labs, KODA specializes in secure storage and digital asset management for corporate and institutional clients, duly registered by the Financial Intelligence Unit (FIU). KODA’s custody assets have experienced rapid growth, escalating from 2.3 trillion won (around $1.7 billion) in June 2023 to 8 trillion won (approximately $6.0 billion) by December 2023.…

Tether, the company behind the largest stablecoin USDT, announced that it will cooperate with the Republic of Uzbekistan to contribute to cryptocurrency regulations. At this point, Tether announced today that a Memorandum of Understanding was signed with the National Perspective Projects Agency of the Republic of Uzbekistan. Tether will focus on supporting the development of a legal framework and regulatory policy for cryptocurrencies in Uzbekistan and will facilitate the development and implementation of Uzbekistan’s digital currency. Tether made the following statements in its statement: “Tether, the largest company in the cryptocurrency industry, today signed a Memorandum of Understanding (MOU) with…

What is the point of a $275,000 fine? This week, crypto OG Erik Voorhees’ exchange ShapeShift settled charges with the U.S. Securities and Exchange Commission (SEC) over alleged securities law infractions. The exchange, which decentralized its ownership structure by launching a DAO that oversees operations in 2021, agreed to pay a $275,000 fine to settle the charges, neither agreeing nor denying guilt. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. The settlement is a curious case, raising more…

In the dynamic world of crypto, former US President Donald Trump has once again made headlines for his digital asset wallet that has reached a remarkable amount of 7.5 million dollars. Feeding off the rapid rise of MAGA and the gains of Ethereum, the cryptocurrencies owned by Trump have experienced a surge, capturing the attention of enthusiasts and skeptics alike. Trump in the crypto world: the $7.5 million wallet Will Trump monetize his assets? Conclusions Trump in the crypto world: the $7.5 million wallet Donald Trump’s foray into the world of cryptocurrencies has been nothing short of extraordinary. After attracting…