The allure of a corporate treasury that’s chock-full of cryptocurrency is enticing the National Center for Public Policy Research (NCPPR) yet again. This time, the group has Meta Platforms Inc. in its crosshairs. Ethan Peck, a National Center employee, submitted a Bitcoin Treasury Shareholder Proposal to Meta on behalf of his family, marking yet another attempt to bring the cryptocurrency to the boardrooms of tech giants. Tim Jotzman, a Bitcoin ( BTC ) podcast host, shared the proposal on Jan. 10 via a social media post. See below. A #Bitcoin Treasury Shareholder Proposal has been submitted to Meta. The shareholder, Ethan Peck, who is an employee at The National Center for Public Policy Research – the organization that submitted to $MSFT & $AMZN – informed me he submitted on behalf of his family’s shares. pic.twitter.com/KrAKw7nHwp — Tim Kotzman (@TimKotzman) January 10, 2025 Will corporate treasuries turn into crypto strongholds? Based in Washington, D.C., the NCPPR has been touting Bitcoin as a hedge against inflation and economic turbulence. They’ve already approached Microsoft Corp. and Amazon.com Inc. with similar pitches. Redmond, Washington-based Microsoft nixed the idea, but Seattle-based Amazon will reportedly consider it at an April meeting of its shareholders. NCPPR seems to be taking a page out of Michael Saylor’s playbook. Saylor, as former CEO and current chair of MicroStrategy, crafted a Bitcoin-heavy corporate strategy and has emerged as a poster child for corporate treasuries filled with crypto. If NCPPR gets its way, Meta and Amazon, like MicroStrategy, will allocate a portion of their respective assets to Bitcoin. Why? They see it as an alternative to lackluster corporate bonds due to its fixed supply. Also, Bitcoin ETFs, or exchange-traded funds, spiked 100% by the end of 2024. That’s quadruple the returns of the S&P 500 index and 35% higher than the Roundhill Magnificent Seven ETF, which tracks the magnificent seven tech giants (of which Meta, Microsoft and Amazon are members). And then there’s MicroStrategy, which saw its stock balloon 2,191% over five years. You might also like: Heritage Distilling and 5 other companies embracing Bitcoin Remember Libra? No? Good. Meta attempted to launch its own digital currency, Libra, in 2019 when the company was known as Facebook. The project aimed to create a global stablecoin backed by a basket of fiat currencies and government securities. Libra was intended to facilitate low-cost, seamless transactions worldwide, particularly for the unbanked population. However, the initiative faced significant regulatory pushback from lawmakers and financial authorities globally, who raised concerns about monetary sovereignty, data privacy, and potential misuse for illicit activities. The project rebranded as Diem in 2020, focusing solely on U.S. dollar-backed stablecoins. Meta courted Visa, Mastercard, and PayPal to be partners, but they withdrew support. By early 2022, Meta sold Diem to Silvergate Bank for around $200 million. While the Libra/Diem initiative was a bust, it demonstrated Meta’s ambition in the digital currency space. Whether Meta CEO Mark Zuckerberg and his board take the NCPPR’s bait and make Bitcoin their next big move, remains to be seen. Read more: 10 companies launch Bitcoin treasuries, but not Microsoft: Here are the risks, benefits
Victims in New York were promised “well-paying, flexible jobs,” only to be tricked into a crypto scam, according to New York Attorney General Letitia James.
Coinbase analysts indicate that Bitcoin (BTC) could experience increased price volatility in the upcoming weeks due to evolving market conditions. Concerns rise as the Federal Reserve’s slow rate adjustment combined
The federal court overseeing the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has ruled on document confidentiality. Judge Phyllis Hamilton’s order establishes clear boundaries for what information can be sealed from public view in the ongoing litigation. Legal Documents Get New Privacy Guidelines This latest ruling addresses specific exhibits tied to Ripple’s summary judgment motion. The court approved limited redactions of sensitive business data and personal information while maintaining broad public access to the core legal proceedings. The sealed documents include eight documents submitted by Ripple and 56 exhibits referenced by the plaintiffs. The court also accepted additional redactions sought by the plaintiffs to protect information linked to Ripple’s efforts to exclude certain expert testimony. The court based its decision on the “compelling reasons” standard outlined by the Ninth Circuit Court of Appeals. Under this standard, parties must demonstrate that the need for confidentiality outweighs the public’s interest in accessing court records. Judge Hamilton concluded that the proposed redactions were appropriately limited and satisfied legal requirements, ensuring sensitive business and personal information were protected. The decision follows an earlier directive requiring both parties to narrow their initial sealing requests . The SEC secured permission to protect portions of four exhibits containing confidential information. These include three documents supporting Ripple’s summary judgment motion and one related to expert witness testimony. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Appeal Process Takes Center Stage As the case moves into the appeals phase, attention now turns to the SEC’s upcoming principal brief. The regulatory body’s next filing could signal its strategic direction. This filing is even more notable because the SEC leadership is about to experience a major shake-up. Gary Gensler, the Chair of the regulatory agency, will resign on January 20. After years of holding back the crypto market, the news of Gensler’s departure was celebrated in the crypto industry. Many in the community believe Paul Atkins, the pro-crypto candidate picked by President-elect Donald Trump, will end the lawsuit against Ripple. However, the SEC has until January 15 to file its appeal brief or the lawsuit will be dismissed , so Gensler’s administration might still submit this brief. Despite this, the consensus is that the lawsuit will be dropped. Many in the community see Trump’s return to office as a game-changer for the crypto world, and it will be intriguing to see how the new SEC leadership handles the legal dispute with Ripple. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple and XRP Lawsuit With SEC Takes New Turn With Recent Ruling appeared first on Times Tabloid .
Here's why Coinbase analysts believe BTC could face price swings in the short-term.
Cryptocurrency is gaining a foothold in a Southeast Asian country after several local banks team up to launch a new stablecoin for its citizens to invest into digital assets. Four Philippine banks are preparing to introduce a multi-bank stablecoin to further allow Filipinos to become part of the cryptocurrency landscape, revolutionizing the country’s cross border transactions. New Stablecoin A new Philippine Peso-backed cryptocurrency would allow real-time cross-border remittances within the year. Blockchain analyst Ledger Insights revealed that UnionBank of the Philippines, Rizal Commercial Banking, Cantilan Bank, and Rural Bank of Guinobatan collaborated to launch a multi-issuer Philippine stablecoin, leading the way for a new innovative financial instrument in the developing Asian country. Later this year, several Filipino banks plan to launch the PHPX stablecoin for cross border remittances & more On @hedera DLT @UBXph @d_inderias A deep dive: https://t.co/Ykkfd8jIFU — Ledger Insights (@LedgerInsights) January 9, 2025 “Later this year, several Filipino banks plan to launch the PHPX stablecoin for cross border remittances & more on Hedera DLT,” Ledger Insights said in a post. The four domestic banks will join forces to introduce PHPX, a stablecoin backed by the Philippine fiat currency, a peso-backed stablecoin. The blockchain analyst said that PHPX’s goal is to enhance the cross-border payments and financial inclusion in the Philippines, which will be launched on Hedera decentralized ledger technology (DLT) network. According to the four local banks, Filipino crypto users can start using the PHPX token for their transboundary by middle this year since they are eyeing that the new Philippine stablecoin would be up and running anytime between May and July this year. Easier Cross Border Remittances The multi-bank partnership said that the objective of the collaborative effort is to beef up the transboundary payments of Filipinos and allow them to exchange stablecoins in different currencies. Leading the collaborative effort is UnionBank of the Philippines through its fintech subsidiary UBX. The subsidiary has been exploring for years how to use blockchain technology in the local financial industry such as running a quasi-stablecoin network. “We need to create something that is publicly exchangeable, so that we can support use cases outside of our own closed loop ecosystem,” UBX CEO John Januszczak told Ledger Insights in an interview. PHPX To Benefit Filipino Overseas Workers The Philippine banks said that Filipinos working in other countries and sending money to their families in the Philippines would greatly benefit from the PHPX because it allows real-time remittances. Januszczak said that Filipino overseas workers usually send their money to someone in the Philippines to look after the bills such as the educational expenses of their children. “We want Filipinos that are earning money in the US (or elsewhere) to be able to pay their kids’ school tuition directly from the United States (and) for that payment to be effected in real time,” the UBX executive explained. Ledger Insights explained that participating banks will have to abstract the stablecoins in the backend, saying after that, the PHPX coins can be deposited or sent into a “bank account, a GCash wallet, or cash pickup at an over-the-counter location.” Featured image from Pixabay, chart from TradingView
Bitcoin (BTC) remains the center of investors’ attention and concern especially following the latest nonfarm payrolls data from the US Bureau Of Labor Statistics (BLS). While the general market sentiment remains bullish, recent developments in the US economy indicate that macroeconomic factors may be against the premier cryptocurrency in 2025. Currently, Bitcoin trades above $94,000 following another turbulent price performance which produced a loss of 3.45% in the past seven days. Related Reading: Bitcoin Faces Mixed Signals: Institutional Investors Accumulate Amid Retail Weakness Fed’s Pivot To Rate Cuts Is Dead – Analysts In an X post on December 10, market experts at global capital market analysis firm The Kobeissi Letter dissected the employment situation summary for December 2024. According to the BLS, nonfarm payrolls employment rose by 256,000 jobs in this month, indicating an additional 100,000 jobs to the widely predicted figures. Following this report, The Kobeissi Letter analysts highlight that the US economy has gained an average of 165,000 jobs since July representing the highest 6-month average since July 2024. Considering the US Federal Reserve began implementing interest rate cuts from September 2024 citing then a reduction in jobs growth and inflation, the analysts at The Kobeissi Letter stated the Apex Bank’s approach may have been misguided in light of the recent developments. Therefore, the Fed is expected to halt interest rate cuts to battle an expected heightened inflation due to a strong jobs data, with the potential of even adopting rate hikes. Generally, an absence of rate cuts or introduction of rate hikes is negative for Bitcoin as lower Interest rates afford investors the capacity to deal In risky assets such as cryptocurrencies. Following the Fed’s previous announcement of potential reduced rate cuts in 2025, Bitcoin experienced a flash crash of over 9% mid-December as investors moved to close their volatile positions in all financial markets. Currently, The Kobeissi Letter forecasts that the Fed’s pivot to rate cuts is likely over, with a 44% probability that there will be no rate cuts through June 2025. Related Reading: Crypto Liquidations Near $690 Million As Bitcoin, Ethereum Crash Bitcoin Price Overview At the time of writing, Bitcoin trades at $94,028 reflecting a 0.22% gain in the past 24 hours. Meanwhile, the premier cryptocurrency is down by 3.72% and 6.35% in the past seven and thirty days respectively. Despite the potential of reduced rate cuts in 2025, Bitcoin investors are likely to retain bullish sentiments due to other factors including historical price performance in a bull cycle, an expected pro-crypto US government and continuous institutional investments via the spot ETFs. With a market cap of $1.84 trillion, Bitcoin continues to rank as the largest cryptocurrency and world’s eight largest asset. Featured image from Investopedia, chart from Tradingview
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Invest in BDTCOIN , the gold-backed cryptocurrency, before its major exchange listing. Stability, security, and high growth potential await! Florida, January 2025 – BDTCOIN , the world’s first gold-backed cryptocurrency, is set to achieve a groundbreaking milestone with its imminent listing on a leading global crypto exchange. This landmark event represents a significant opportunity for investors to secure a high-growth digital asset that combines the stability of gold with the innovation of blockchain technology. A Revolution in Cryptocurrency Unlike traditional cryptocurrencies, BDTCOIN is fully backed by gold reserves, ensuring unmatched stability in a volatile market. Designed to serve as both a reliable store of value and a medium of exchange, BDTCOIN leverages advanced blockchain technology with quantum-resistant protocols to offer unparalleled security and transparency. With a robust DeFi ecosystem, BDTCOIN empowers users worldwide to access financial services, make secure transactions, and easily manage their assets. Its innovative features position BDTCOIN as a leader in the cryptocurrency market and a revolutionary force in decentralized finance. Why Investors Should Act Now As BDTCOIN prepares to list on a major crypto exchange, investors have a limited opportunity to capitalize on this gold-backed digital asset. Here are key reasons to invest before the listing: Gold-Backed Stability : Mitigate market volatility with a cryptocurrency supported by tangible gold reserves. High Growth Potential : The combination of stability and crypto market dynamics makes BDTCOIN a prime candidate for exponential value growth. Instant Liquidity : BDTCOIN will be immediately tradable post-listing, enabling investors to realize quick returns. Growing Adoption : With cutting-edge wallet solutions, a robust DeFi ecosystem, and increasing recognition, BDTCOIN is positioned to disrupt the global cryptocurrency market. Unmatched Security and Versatility BDTCOIN offers a range of secure wallet options, including paper wallets, hardware wallets, and software wallets like BDTCOIN Core. These solutions ensure users have full control over their digital assets while enjoying seamless transactions and asset management. The blockchain’s quantum-resistant protocols guarantee all transactions’ integrity, confidentiality, and authenticity, setting a new standard for security in the crypto space. A Proven Track Record BDTCOIN’s Initial Exchange Offering (IEO) was a success, with 14.2 million coins sold to a global audience. Payments were accepted in Bitcoin (BTC) and Tether (USDT), reflecting the growing trust and excitement within the crypto community. Join the Revolution Today The future of decentralized finance is here, and it’s gold-backed, secure, and digital. Early investors benefit the most as BDTCOIN’s value is expected to surge post-listing. Don’t miss this once-in-a-lifetime opportunity to invest in a cryptocurrency that merges the stability of gold with the growth potential of blockchain. Visit the official BDTCOIN website today to learn more and secure your investment before the exchange listing. Time is running out to participate in this groundbreaking innovation. About BDTCOIN Investing in BDTCOIN is more than just a financial decision; it’s an investment in a secure and prosperous future. The window of opportunity to acquire BDTCOIN at current prices is closing rapidly. Prices are expected to skyrocket once listed on the major exchange, rewarding early adopters with substantial returns. Visit the official BDTCOIN website today to learn more and secure your position in this revolutionary cryptocurrency before it’s too late. Company Details: Website: https://bdtcoin.co/ Email: Admin@bdtcoin.co Explorer: https://bdtcoin.info Development: https://bdtcoin.org
The price of coins like Remint and 360noscope420blazeit has shown notable pumps in the last 24 hours amidst moderate market movement. Bitcoin ( BTC ) and Ethereum ( ETH ) haven’t been in their best league in the last few days. BTC lost 4% while ETH slumped 10% in the last seven days. Amidst this mixed market performance, few coins have shown double- and triple-digit gains in the last 24 hours. As per CoinGecko’s top gainers list , the RMT price has surged by over 150% from a 24-hour low of $0.0004465 to as high as $0.001199. RMT price chart from CoinGecko You might also like: Crypto VC funding: Some $190m put to work, OG Labs and Eventflo secure capital RMT has also hit a new all-time high and has also retraced 10% to the $0.001144 level. The real estate market has recently shared a preview of their upcoming app, which will be released in August 2025. The coin also bagged a listing on CoinGecko on Jan 11, 2025, which could have exposed the coin to a much bigger audience. We just got listed on #coingecko ! https://t.co/I8oAjKNsy3 😎😎🚀 — Remint (@Remint49262812) January 11, 2025 Second on the top gainers list is 360noscope420blazeit ( MLG ), with an 80% pump in the last 24 hours. MLG price is up from a 24-hour low of $0.07445 to as high as $0.1654. Source: CoinGecko This meme coin also touched a new all-time high on Saturday. The only explainable reason behind its price pump is the recent $500,000 worth of MLG liquidity burned, with 97% of the tokens locked on Raydium. $MLG JUST BURNED $500K IN LIQUIDITY, 97% NOW LOCKED ON RAYDIUM FOREVER https://t.co/aNL4GJ8gEK pic.twitter.com/j2WUMglufu — 360noscope420blazeit 🎮 (@MLGsolana420) January 10, 2025 The third coin on the list is Autonomous Virtual Beings (AVB), with a 50% price pump. AVB touched a new all-time high of $0.07725 today. AVB 24H price chart from CoinGecko However, the price has dropped 25% to the $0.05965 level. AVB bagged a listing on the MEXC exchange, which could explain its volatile price action. The project has also shared their 2025 roadmap. We're thrilled to announce the addition of $GUDTEK , $AVB , $KWAII , $AIOS and $LISTEN to our Meme+ Trading Zone! Trade now ➡️ https://t.co/aE1EVC4UH1 More info: https://t.co/tG3rWLa743 pic.twitter.com/xPR0RXKrOk — MEXC (@MEXC_Official) January 11, 2025 Read more: Heritage Distilling and 5 other companies embracing Bitcoin