Author: NBTC
The DeFi Education Fund has gathered 100 signatories for a letter to the US Senate seeking guarantees and protections for blockchain developers to avoid prosecution and regulatory crackdowns. The DeFi Education Fund collected 100 signatures for its latest letter to the US Senate. The voluntary body of blockchain projects and investors aims to popularize innovation, while also calling for favorable and detailed regulations. The fund continues to speak on behalf of over 100 organizations in the crypto space. A massive s/o to all our coalition partners and those in the industry offering support for protecting software developers. We speak with…
Prominent blockchain sleuth Whale Alert, which tracks large cryptocurrency transactions, has identified a massive XRP transfer worth tens of millions of XRP. The transfer was made from the largest cryptocurrency trading platform in South Korea, Upbit. However, additional details revealed by another on-chain tracker have shed light on the nature of this transaction. Meanwhile, the coin’s price has slipped over the past 24 hours, unable to stay above $3.08. 23,000,000 XRP on move The aforementioned data source published a tweet, spotting 23,000,000 XRP being moved from the biggest crypto exchange in South Korea, Upbit, to a wallet tagged as anonymous.…
Ethereum (ETH) has managed to tap $4,600 level after this week’s market downturn. The latest recovery remains modest, as the leading altcoin gained a little more than 7% over the past week. Experts now argue, though, that September won’t bring flashy catalysts either. Don’t Expect Fireworks in September In a statement to CryptoPotato, Curve Finance said September is unlikely to bring a single “headline” catalyst. Instead, the team added that Ethereum’s importance lies in its role as the underlying infrastructure powering decentralized finance (DeFi). By calling it the “operating system of DeFi,” they added that even though the market has…
TL;DR Whales are buying Ethereum aggressively while retail holders continue to offload during the current dip. Ethereum’s exchange reserves hit 3-year lows, signaling reduced sell pressure and rising long-term confidence. The price hovers near the $4,070 CME gap, a zone that traders are watching for a breakout or reversal. Price Pulls Back Near Technical Gap Ethereum (ETH) is now trading close to $4,350, after falling from recent highs near $4,800. The focus is on a CME futures gap between $4,050 and $4,100. These gaps occur when futures markets reopen after weekends and can often act as magnet levels for the…
Fed officials have long been unusually divided on the issue of interest rate cuts. The minutes of the July meeting, to be released today, will reveal just how deep this division runs. The Fed minutes will be released today at 9:00 PM (UTC+3). Bitcoinsistemi.com will be providing all the information immediately. At the Federal Open Market Committee (FOMC) meeting held on July 29-30, interest rates were held steady at 4.25%-4.5%. However, the decision was made with the opposition of two board members, the first in over 30 years. Michelle Bowman and Christopher Waller had previously announced their support for a…
The world of digital assets is dynamic, and countries globally are scrambling to create frameworks that foster innovation while ensuring stability. In the UK, a crucial conversation is unfolding, with key figures emphasizing the urgent need for robust UK crypto regulations. This isn’t just about compliance; it’s about securing the nation’s place in the future of finance. Why Are Clear UK Crypto Regulations So Vital? The UK’s All-Party Parliamentary Group (APPG) on Crypto and Digital Assets, under the new co-chairs Gurinder Singh Josan and Edward Vaizey, has issued a stark warning to lawmakers. They argue that without a distinct regulatory…
Dash, one of crypto’s earliest privacy-focused projects, has partnered with Nym, the privacy infrastructure provider behind the Snowden-endorsed NymVPN, to deliver truly private payments for advanced internet privacy services.—The integration allows NymVPN users to pay for subscriptions using Dash, combining fast, low-cost, censorship-resistant transactions with Nym’s metadata-shielding VPN technology. The collaboration represents a powerful step forward in the effort to secure not only online communications but also the financial rails used to pay for privacy services.Private Payments Meet Metadata ProtectionNymVPN offers two distinct modes:Fast Mode: A 2-hop WireGuard-based VPN optimized for browsing and streaming.Anonymous Mode: A 5-hop mixnet with advanced…
On August 27, 2024, MakerDAO formally transitioned into Sky, a new identity meant to signal a fresh era of modular governance, ecosystem scaling, and real-world integrations. One year later, the core pillars of that transformation are in place, but the adoption story remains mixed. The renamed protocol now oversees over $7.8 billion in stablecoin liabilities across DAI and its successor USDS. But despite heavy investments in marketing incentives and ecosystem spinoffs, Sky’s headline stablecoin metrics have flatlined, or in some cases, reversed. Meanwhile, capital restructuring efforts and a sweeping token migration have begun reshaping protocol governance entirely. The organizations’ financials…
Ethereum price today is trading near $4,245, holding a modest 0.6 percent gain in the past 24 hours. The move comes after ETH slipped out of its recent triangle structure on the 4-hour chart, placing immediate resistance near $4,380 and support around $4,200. ETH Price Testing Key Support Levels ETH price dynamics (Source: TradingView) The Smart Money Concepts indicator shows a Change of Character (ChoCH) after ETH couldn’t go any higher earlier this week. This was followed by a Break of Structure (BOS) that showed short-term weakness. Around $4,205, equal lows are forming, making a liquidity pool where sellers might…
Fed Chair Jerome Powell faces a critical dilemma ahead of his Jackson Hole speech on Friday. Citi Director and Global Economist Robert Sockin told Bloomberg Surveillance that the impact of higher tariffs on inflation worries Powell and that recent labor market data raises the possibility of a September rate cut. Sockin noted that it was difficult for Powell to establish a clear direction in his speech, saying, “Powell is currently under political pressure. There is a lot of data to be released before the September meeting. Therefore, it is unlikely he will lean strongly in one direction in his speech.”…