Author: NBTC
Cyprus’ financial regulator, the Cyprus Securities and Exchange Commission (CySEC), has postponed hopes of a Sam Bankfied-Fried-linked firm resuming operations there. In a November 5th written notice, the watchdog said it had extended its suspension of FTX (EU) Ltd’s CIF license until May 30, 2025. CySEC explained it had taken the decision to allow the firm time to comply with the nation’s investment laws. Part of CySEC’s notice reads: The Cyprus Securities and Exchange Commission announces that the suspension of the authorization of the Cyprus Investment Firm FTX (EU) Ltd is extended until 30.5.2025 for the company to proceed with…
Following a recent boost in bitcoin prices driven by the U.S. jobs report, BTC/USD traded at $71,447 on Nov. 1, 2024, showing encouraging resilience around support zones despite recent price fluctuations. Bitcoin In late October, bitcoin climbed to $73,600 before experiencing a pullback that brought prices below $70,000. Today, the price has seemingly stabilized above $71,000. The daily BTC chart illustrates an upward trend since early October, reinforced by a reliable support range between $69,000 and $70,000, which has brought stability in recent trading sessions. This strength hints that if buying interest remains strong, bitcoin could continue its recovery, though…
Japan’s Financial Services Agency (FSA) is reportedly preparing laws to help prevent the outflow of domestic assets in the case of FTX-type trouble with crypto exchanges based overseas. The state regulator is looking to establish a “holding order” in the country’s Payment Services Act. Ostensibly in reaction to a narrowly dodged bullet with the collapse of the infamous crypto exchange FTX, Japan’s financial regulator is now looking to create a new “holding order” to prevent domestic assets from flowing overseas in the case of foreign-based exchange failures. FSA aims to avoid asset hemorrhage in case of exchange failures overseas Of…
The Federal Energy Regulatory Commission (FERC) stopped an Amazon AI data center from drawing more power from Talen Energy’s Susquehanna plant in Pennsylvania. The commission disapproved the proposed energy deal changes on claims that Amazon’s power requirements would interfere with the grid’s reliability and raise energy prices. FERC raises concerns about Amazon’s data center The FERC declined Talen Energy’s request for a power capacity upgrade to Amazon’s data center. The declined proposal meant to alter the agreement between Talen’s Susquehanna nuclear plant in Pennsylvania and the 650 million Amazon data center near the site. If the request had been approved,…
An analysis has suggested that the recent Bitcoin pullback from $72,680 may indicate a further 16% decline, with a potential V-shaped recovery targeting $74,600. Bitcoin experienced a notable downturn after encountering strong resistance in its attempt to surpass its all-time high. Earlier today, the cryptocurrency fell below the $69,000 mark, following a rally that peaked on Tuesday when BTC surged to $73,600. This abrupt decline saw Bitcoin lose over $3,000 from its peak, though it has since regained some stability. Nevertheless, it remains significantly under the $71,000 threshold. Previous BTC/USD Patterns Amid this recovery, an analyst on TradingView provided detailed…
Worldcoin announced that the Wormhole interoperability platform has expanded its World ID feature to the Solana blockchain, according to a Sept. 13 statement. The expansion is the result of a Worldcoin Foundation grant, which supported the integration of World ID with Solana. However, the feature is not yet active as its smart contracts are still undergoing a security audit, which is expected to be finished in the coming weeks. WLD climbed 10% to $1.61 following the news before retreating to around $1.51 as of press time, based on CryptoSlate’s data. World ID on Solana World ID is key to Worldcoin’s…
Gene Zawroty, former Linqto Chief Revenue Officer, sues the Delaware investment company alongside two of its executives for multiple claims, includign fraud and market manipulation. Zawroty filed the lawsuit in California’s Santa Clara County on October 7, 2024. Although the lawsuit was filed a few weeks ago, the development only recently reached public knowledge. Notably, prominent XRP community figure Eri called the public’s attention to the case yesterday via an X post. Lawsuit against Linqto, Bill Sarris & Joe Endoso details emerging. 👉Insider Trading/Front Running. 👉Use of unlicensed brokers.👉Linqto advertised 750k users, when the real number was 10k & 30%…
Bitget, a leading crypto exchange, opened a transparent new listing application portal for project teams. This comes shortly after several other crypto exchanges face allegations of charging huge fees for token listing. Bitget will not charge project teams to receive a listing, but the exchange demands high standards for all listed tokens. Bitget’s Token Listing Crypto exchange Bitget opened a new application portal for token listings, according to a press release shared with BeInCrypto. Bitget promised that the portal would include enhanced due diligence and a rigid review process for token listings and generally aim to provide project teams with…
Hut 8 Corp., a Cryptocurrency Mining company and major energy operator in North America, announced the purchase of 31,145 BITMAIN Antminer S21+ units as part of its initial ASIC fleet upgrade. The company has agreed to a price of $15.00 per terahash for these miners, which are scheduled for delivery in early Q1 2025. Asher Genoot, CEO of Hut 8, Source: LinkedIn Hut 8 plans to use these new miners to improve the efficiency of its 111 MW self-mining capacity at existing sites. Once operational, the upgrade will increase Hut 8’s self-mining rate by about 3.7 exahashes per second (EH/s),…
Strive Enterprises, Inc. has launched a wealth management business in Dallas, Texas, with plans to integrate Bitcoin into mainstream investment portfolios. This move is part of Strive’s broader strategy to offer clients a hedge against economic risks like high debt levels, inflation, and potential global instability, according to a company press release. Strive stated that it “intends to be the leading financial firm thoughtfully integrating Bitcoin into client portfolios” and is incorporating Bitcoin (BTC) into its investment strategy to “hedge against risks Strive expects to persist over the next several decades.” You might also like: Tether breaks total assets record…