Author: NBTC
The craze around MicroStrategy (a company that practically turned itself into a Bitcoin holding machine) has thrown a spotlight on weaknesses in the $15 trillion exchange-traded fund (ETF) market. The ETF sector has hit a snag with two leveraged funds tied to MicroStrategy’s volatile stock. These funds, built to deliver double the daily returns of MicroStrategy shares, are instead giving investors unexpected results. The T-Rex 2x Long MSTR Daily Target ETF (MSTU) and Defiance’s Daily Target 2x Long MSTR ETF (MSTX) have seen their performances deviate wildly from expectations in recent weeks. On November 21, MSTU dropped 25.3%, according to…
Cardano’s (ADA) developer Input Output announced the release of Daedalus v7.0.0, an updated version of full-node desktop wallet software. Deadalus mechanisms are optimized for a new design of ADA delegation that is necessary for the upcoming Cardano Constitution referendum. Cardano’s Daedalus v7 is out: What changed? Input Output Global, the development entity behind PoS blockchain Cardano (ADA), announced the release of a new version of Daedalus, its full-node wallet software. Daedalus v7.0.0 arrives with major changes of the ADA delegation mechanism. ⭐ OUT NOW: Daedalus 7.0.0 for mainnet, preprod & preview. Daedalus 7.0.0 enables users to delegate their voting power…
Ukraine is gearing up to block Russia’s use of Bitcoin and other cryptocurrencies in foreign trade, with sanctions already in the works. The government of Ukraine has unveiled plans to impose “sanctions and other solutions” aimed at blocking Russia‘s use of Bitcoin (BTC) for international payments, just a day after Russia’s finance minister Anton Siluanov publicly confirmed that Russian companies are already using crypto to evade Western sanctions. Vladyslav Vlasiuk, an advisor to the Ukrainian president, said that Ukraine had already alerted its international partners to Russia’s intentions earlier this year and that measures to prevent unwanted crypto payments are…
Independent Reserve (IR), a crypto exchange in Singapore, has become the first in the city-state to list Ripple’s USD-backed stablecoin, Ripple USD (RLUSD). According to the report, customers in Singapore can now trade RLUSD against Singapore Dollars and US Dollars on the exchange’s order book and over-the-counter (OTC) desk. Independent Reserve is the first #crypto exchange in #Singapore to list #stablecoin Ripple USD (RLUSD)! 🎉 IR #SG customers can trade #RLUSD in #SGD & #USD on our order book and OTC desk.Learn more here: https://t.co/08z1Asdl3q pic.twitter.com/ZM1zHW6OJd — Independent Reserve (@indepreserve) December 24, 2024 The listing will be available on XRP…
Draper Associates-backed CUDIS has partnered with UCLA Athletics for a year-long collaboration to promote web3 smart rings among students and athletes. The web3 wellness company CUDIS has announced a one-year partnership with UCLA Athletics, a Californian collegiate sports program, to promote its AI-powered smart rings. According to a Thursday press release shared with crypto.news, the collaboration will feature campus activations, where CUDIS will showcase its rings to UCLA students and sports fans. Additionally, CUDIS plans to sign name, image, and likeness agreements with student-athletes from various UCLA teams, including men’s and women’s tennis, golf, basketball, women’s gymnastics, and football, the…
Cash App—the payment application jumpstarted by Twitter founder Jack Dorsey—has ended its support for free peer-to-peer (P2P) Bitcoin payments. “Cash App will no longer support sending and receiving Bitcoin between $cashtags,” starting on Dec. 20, a recent announcement reads. However, customers outside of New York can still use Lightning Network to receive or send Bitcoin. Furthermore, “Bitcoin Gifts will also still be available,” the company said. The changes only involve Bitcoin support, with transfers made in fiat currency not being affected. A Cash App spokesperson told Decrypt that the decision was taken “to focus our internal resources on the products…
According to blockchain analytics platform Spot On Chain, Justin Sun’s team address transferred 70,182 ETH (approximately $245 million) to HTX in a significant move in the cryptocurrency industry. Justin Sun Transfers Over $245 Million Ethereum to HTX, Total Deposits Near $645 Million The transaction involved unlocking 42,905 ETH from Lido Finance and an additional 27,277 ETH transferred from Etherfi. This latest transfer brings the total amount deposited into HTX by Justin Sun since November 10 to 179,101 ETH, worth approximately $645 million. Deposits were made at an average price of $3,601 per ETH. Distribution of Recent Activities Lido Finance Contribution:…
OKX Ventures invests in USUAL, a cutting-edge decentralized stablecoin backed by real-world assets. The investment division of the well-known cryptocurrency exchange OKX, OKX Ventures, has formally announced its investment in the Usual Protocol, a decentralized stablecoin issuer that seeks to transform the financial landscape. https://twitter.com/OKX_Ventures/status/1871408394000810268 The goal of OKX Ventures, a fund with a $100 million initial investment, is to identify blockchain startups with significant potential. Its investment portfolio includes a wide variety of projects in the fields of blockchain infrastructure, layer-2 scaling solutions, and DeFi breakthroughs, some of which are Sei Network, Arbitrum, SSV, LayerZero, and zkSync. By utilizing…
In a striking development in the volatile crypto sector, a well-known crypto whale has reportedly bought $ONDO tokens in a significant amount amid increasing hype for RWA narrative. As per Spot On Chain, the whale has purchased $17.1M in $ONDO amid a market crash, grasping the attention of the community. Massive $ONDO purchase detected!This whale created a new wallet 11 hours ago and has since spent 4,611 $ETH ($17.1M) to buy 10.978M $ONDO at an average price of $1.553 during the market crash.Follow @spotonchain and track this whale’s address at https://t.co/t3unrYyZMN pic.twitter.com/GDEYAYt7Ux — Spot On Chain (@spotonchain) December 10, 2024…
A Beverly Hills man is facing six counts of cryptocurrency crimes, which resulted in investors losing over $22 million worth of cryptocurrency. The 23-year-old Gabriel Hay allegedly connived with another fellow – Gavin Mayo of Thousand Oaks, also 23 years of age, to perpetrate a scheme that defrauded investors of their monies. This represents one of the many cases where cryptocurrency and other digital assets are used to perpetrate crime. The duo committed several digital asset crimes According to the Beverly Press, the duo faces one count of conspiracy to commit wire fraud, two counts of wire fraud, and one…