Author: NBTC

A crypto industry-backed political action committee (PAC) has pooled funds to run an ad campaign to influence the California senate elections. According to a report by The Guardian, $10 million has been spent by a super PAC on advertisements opposing Katie Porter’s bid for the US Senate in California. Katie Porter Faces Opposition from Crypto Supporters The Guardian report highlights that Porter, a young progressive congressman, is facing significant challenges in her quest to advance to a November Senate runoff against Democratic front-runner Adam Schiff. To assist “leaders who champion the interests of progressive innovation and responsible regulation,” the Fairshake…

Alfa-bank, one of Russia’s biggest financial institutions, has created a “digital financial asset” (DFA) backed by gold, stocks, and cash. Per an Alfa-bank press release published on February 28, the bank said its new “tool” lets customers “invest in four asset classes at once” using bank-issued tokens. Alfa-bank Launches DFAs – More Russian Banks to Follow? The firm said it had teamed up with its Alfa Capital Management Company subsidiary to “create a DFA based on exchange-traded mutual funds.” The bank said that it would launch its offering, named the Evergreen Portfolio, on its A-Token platform. Alfa-bank launched A-Token in…

One of the top three cryptocurrency exchanges in the world by volume, Bybit, has released the Fiat Cashback Splash for March for both new and seasoned customers who make fiat deposits.Every month during the first week, any of Bybit’s 20 million users that contribute fiat will get rewards. New users will get up to $10 in fee reimbursement when they deposit $100 using fiat or a one-click purchase. Those who have previously deposited $500 or more via Bybit will get a $5 refund. Bybit expands the potential for investment by adding a $30 Buy Crypto Coupon to the mix for…

U.S. Securities and Exchange Commissioner Hester Peirce used her opportunity on stage at ETH Denver to sustain her criticisms of her own agency, expressing frustration over “regulating by enforcement” and lambasting the SEC for dragging its heels on approving spot Bitcoin ETFs. “The Grayscale case basically gave us the option of approving a Bitcoin exchange-traded product, and it’s remarkable to me that it took a court to tell us that we had to do that,” Peirce said during a “fireside” conversation with CNBC’s MacKenzie Sigalos. “I started in 2018. That summer, we had our first Bitcoin exchange-traded product come before…

When Bitcoin’s price quickly crashed after setting a new all-time high price on Tuesday, many cryptocurrencies followed suit—including most of the prominent gaming tokens. But with Bitcoin rising back to $68,000 and Ethereum edging closer to $4,000, gaming coins are hot again. Tokens tied to crypto games and gaming networks are broadly in the green today, according to data from CoinGecko, led by Immutable (IMX)—the top gaming token by market cap. The Ethereum scaling platform, which spans the Immutable X and Immutable zkEVM networks, has seen its IMX token rise 9% over the past day to a current price of…

Cathie Wood’s Ark Invest made significant adjustments to its portfolio this week, notably divesting shares of major crypto exchanges. The firm offloaded a massive stake in Coinbase Global Inc (NASDAQ: COIN) and Robinhood Markets Inc (NASDAQ: HOOD) this week. The move comes amid a rally in the digital asset market and its impact on the crypto firm stocks. Cathie Wood’s Ark Invest Offloads $43.4 Million Worth Of Coinbase Shares On Monday, February 26, Ark Invest initiated its selling spree of Coinbase shares, offloading 35,509 shares valued at $6.9 million. Despite the surge in Coinbase stock that day, closing at $193.94,…

Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, expresses gratitude to CoinW for listing SHEboshi (SHEB). In a recent tweet, Kusama called attention to the listing, which occurred on February 23, 2024, while thanking the exchange for adding support for SHEB. ICYMI !!! Thanks to our frens at .@CoinWOfficial 🤩 #SHEB #SHEboshis https://t.co/nFDZZCXbaf — Shytoshi Kusama™ (@ShytoshiKusama) February 27, 2024 Kusama’s tweet comes days after the official Shiba Inu X account celebrated the listing of SHEB on CoinW. Notably, Shiba Inu emphasized that the SHEboshi collection got its first listing less than a day after it sold out. CoinW…

House Majority Whip Tom Emmer’s bill, the CBDC Anti-Surveillance State Act, has surged forward this week, amassing a remarkable 120 cosponsors and garnering support from a diverse coalition of stakeholders. The legislation, which aims to safeguard Americans’ financial privacy amidst concerns of potential surveillance and government overreach, has been hailed as a crucial step in protecting constitutional rights and preserving the integrity of the financial system. Tom Emmer’s CBDC Anti-Surveillance Bill Gets Massive Support The bill introduced by Tom Emmer garnered coalition support and it achieved a significant milestone when. Senator Ted Cruz’s companion was reintroduced. Moreover, key supporters of…

Nearly two decades before the Bitcoin network revolutionized the digital world, Nobel Laureate Milton Friedman foresaw the emergence of digital currencies. His prediction of an electronic currency facilitating anonymous transactions has become a cornerstone in understanding the evolution of digital finance. Ahead of His Time: How Milton Friedman Envisioned Bitcoin Before the conceptualization of Satoshi Nakamoto’s Bitcoin, visionaries like Henry Ford, R. Buckminster Fuller, and Friedrich Hayek imagined monetary systems that resemble today’s digital currencies. Similar to the cypherpunks, their foresight predicted the groundwork for a financial revolution, leading to the eventual creation of cryptocurrencies. The historical narratives highlight the…

Twenty-Four companies have applied for licenses to operate digital asset exchanges in Hong Kong, marking a move in the city’s bid to establish a regulated hub for the industry. Notable applicants include Bybit, OKX, and Crypto.com. Among the list of applicants were Gate.io, HTX, and Bullish, each boasting notable trading volumes in the digital asset sphere. The application process came with a deadline of February 29th, after which platforms failing to submit must cease operations by the end of May. Angela Ang, Senior Policy Adviser at Blockchain Intelligence Firm TRM Labs, Source: LinkedIn Notably absent from the applicant roster were…