Author: NBTC
TON Foundation is growing its influence after partnering with Mocaverse, a game backed by Animoca Brands. The two foundations will bring Telegram’s users to more than 450 products backed by Animoca’s earlier investments. Mocaverse and MOCA Foundation have entered a partnership with the TON Foundation, the growth and planning organization of Toncoin (TON). The partnership arrives at a time when Toncoin and Telegram are marking vertical growth for game apps, clicking mini-apps and channel and group advertising. The Mocaverse project launched its token on Ethereum, aiming to use MOCA to facilitate wallet-based identity, NFT trading, gaming, and metaverse experiences. Soon…
Crypto stakeholders are increasingly urging the industry to remain bipartisan as the November presidential election nears. There is no doubt that digital assets are gaining importance among voters, with over 50 million Americans involved in the sector and 14% holding Bitcoin. Despite this, many industry leaders support Republican candidate Donald Trump, citing his pro-crypto stance as beneficial for the sector’s growth. Conversely, the Democratic party has faced criticism for its strict regulatory approach under President Joe Biden. However, with Biden out of the race and Vice President Kamala Harris likely to be the candidate, some stakeholders are now advocating for…
11 US spot Bitcoin exchange-traded funds (ETFs) experienced daily net outflows totaling $13.62 million on Tuesday, returning to negative flows after five consecutive days of inflows. Grayscale’s GBTC led the outflows with a net loss of $32.38 million, according to data from SosoValue. Bitwise’s BITB followed with a net outflow of $6.76 million. In contrast, several funds reported positive inflows. BlackRock’s IBIT saw inflows worth $14.12 million, while Fidelity’s FBTC recorded inflows of $5.42 million. VanEck’s Bitcoin fund reported $3.51 million in inflows, while Ark Invest and 21Shares’ ARKB saw net inflows of $2.48 million on Tuesday. The 11 Bitcoin…
A suggestion from Cardano founder Charles Hoskinson for the next hard fork name has sparked speculations around the birth of a new meme coin. These speculations are primarily due to Hoskinson’s influence in the Cardano and broader crypto communities; a phenomenon observed with the recent slew of meme coin launches related to him. Cardano Hard Fork Names Cardano is on the verge of fully welcoming the Chang hard fork, with Phil Chang, an early Cardano proponent who passed away two years ago being the inspiration behind the name. The Chang hard fork will mark Cardano’s entry into the Voltaire era,…
The British financial regulator has fined crypto exchange Coinbase $4.5 million for “repeatedly breaching” a requirement that prevented it from serving “high-risk customers.” American cryptocurrency exchange Coinbase has been hit with a £3.5 million (around $4.5 million) fine as the company “repeatedly” broke a requirement that prevented it from offering services to “high-risk customers,” the Financial Conduct Authority said in a press release. According to the regulator, CB Payments Limited, being part of the Coinbase Group, operates as a gateway for customers to trade crypto “via other entities within the Coinbase Group.” Despite entering a voluntary agreement with the FCA…
The global cryptocurrency market cap today stands at $2.36 trillion, marking a 2.6% decline in the last 24 hours. Amidst these market fluctuations, Bitcoin’s (BTC) attempt at recovery has been met with mixed signals from technical indicators, raising investor concerns. Trading expert Alan Santana recently projected on TradingView that Bitcoin is on the brink of experiencing a significant downturn, known as an SD-Wave or an SSD-Wave. An SD-Wave, or Super-Down-Wave, typically results in a price decline of around 20-30%. Conversely, an SSD-Wave, or Surprise-Super-Down-Wave, involves a more severe drop, potentially exceeding 40% and reaching up to 50%. Current chart analyses…
A whale recently made notable transactions involving Ethereum Name Service ($ENS) tokens. Between July 8 and July 12, the whale withdrew 73,059 $ENS, valued at approximately $1.85 million, from cryptocurrency exchanges Binance and Gate.io. The tokens were purchased at a rate of $25.36 each. Today, the whale deposited the entire amount of $ENS back to Binance and Gate.io at a price of $26.86 per token. This strategic move resulted in a profit of around $109,000 for the whale. Following the $ENS transactions, the whale turned their attention to Maker ($MKR) tokens. Over the past four hours, the whale withdrew 1,026…
The crypto market is always sensitive to significant transaction activities, especially when large quantities of Bitcoin are involved. According to a recent report by Lookonchain, a notable increase in Bitcoin deposits on the Binance exchange has caught the attention of market analysts and investors alike. Over the last 24 hours, a single whale transferred a staggering 1,723 BTC, valued at approximately $106 million, to Binance. This series of transactions includes a massive deposit of 1,023 BTC just 45 minutes ago. The impact of these transfers has resonated across the market with Bitcoin experiencing a noticeable drop. The price of Bitcoin…
The Financial Stability Board (FSB), an international body that monitors and makes recommendations about the global financial system, released a paper on the risks posed by global stablecoins to emerging market and developing economies (EMDEs). It highlighted increased interest in U.S.-backed stablecoins in emerging markets and the potential dangers to those economies of non-domiciled coins. The paper, titled “Cross-border Regulatory and Supervisory Issues of Global Stablecoin Arrangements in EMDEs,” was published on July 23 and focused on what it refers to as global stablecoins (GSCs), which are stablecoins that could be widely used as a means of payment and/or store…
Bitcoin (BTC) and the leading stock market index, S&P 500, have a historical correlation that has recently been challenged. This divergence hints that either BTC will make a big move upward or the stock market will reverse downwards. Notably, the Senior Commodity Strategist at Bloomberg Intelligence, Mike McGlone, spotted the divergence between both 100-week moving averages (MA). McGlone shared the discovery in a post on X on July 2, hinting at it being a leading indicator. According to the strategist, the S&P 500’s MA is already at 23% above its closure in the first half of the year. Conversely, Bitcoin’s…