Author: NBTC
Darius Sit, QCP Capital’s co-founder and chief investment officer, says BlackRock entering crypto is more important than Republican candidate Donald Trump re-taking the White House. A crypto-friendly White House would benefit the industry globally, Sit said. HONG KONG — The winner of next week’s U.S. presidential election doesn’t really matter to Darius Sit, the chief investment officer of QCP Capital, a Singapore-based crypto trading firm. While there may be some short-term volatility in crypto markets depending on whether Donald Trump or Kamala Harris becomes the leader of the world’s largest economy, what’s more important is the broader integration of crypto,…
SUI Token ($SUI) reportedly surged by 13% during the last week, showing significant growth amid the market recovery. According to the data shared by CoinMarketCap, the world’s leading secure and reliable crypto data provider, the crypto market started to recover on the 3rd of September, and since then cryptocurrencies have been showing significant growth. Till today, the crypto market is up by 23% and $SUI popped out to be showing a bullish trend. #CMCNews: Sui (SUI) surged 13% in one day, reaching $1.03, amid a broader recovery which started on September 3 and is up 23.6% on the week.https://t.co/qazkRNXoph —…
U.S.-based crypto exchange Kraken has launched a new suite of crypto derivatives products for Australian wholesale clients, aimed at aligning with regulatory standards following a recent legal challenge in the country. Kraken’s licensed broker offering will allow institutional clients to gain exposure to crypto price movements through derivatives without directly holding the underlying assets, the company said Sunday. The service includes multi-collateral support—fiat, stablecoins, and crypto—held within what Kraken describes as “one of the most robust custodial solutions,” available for over 200 tradable assets. Kraken said it remains committed to maintaining a foothold in the Australian market while catering to…
The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain. After weeks of a neck-to-neck presidential campaign between the Democratic and Republican nominees, Donald Trump’s odds of being elected to President of the US are on the rise. According to betting market Polymarket, Trump leads Democrat candidate Kamala Harris by a whopping 30-plus points at the time of writing. Despite Harris incorporating crypto into her campaign, with the help of Mark Cuban, the Presidency seems to be slipping away from the current Vice President. Trump has not brought up Bitcoin in a large campaign event in several…
The International Organization of Securities Commissions (IOSCO) is calling for enhanced investor education efforts around digital currencies as retail interest continues to grow despite well-reported risks, volatility (and fraud) in the sector. In a new report released last week, the IOSCO Committee on Retail Investors highlighted the need for targeted digital currency education initiatives, especially for younger and novice investors who are increasingly drawn to get-rich-quick schemes and eye-watering returns promised by digital assets. The report comes as digital currency markets have experienced extreme price swings over the past two years, from all-time highs in late 2021 to steep declines…
Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has slowed, the stablecoin market keeps inching upward every week. On Sept. 7, the fiat-backed crypto market was valued at $170.80 billion, and by Sunday, Sept. 15, it had climbed to $172.19 billion. Out of the $1.39 billion increase in the past week, USDT’s supply alone contributed 43.96%. Meanwhile, Circle’s USDC accounted for 24.46%, or $340 million, of that week’s…
Tron’s Founder, Justin Sun is the latest to join the listing fee war between crypto exchanges, Coinbase and Binance. Sun shared that Coinbase had asked for 500 million TRX (worth $80 million) and deposit of $250 million in Bitcoin in Coinbase Custody but Binance did not charge a listing fee. Justin Sun shared Coinbase’ Brian Armstrong post on X about ‘free listing’, along with his claims and added that the Bitcoin in Coinbase Custody was apparently “to boost their performance”. He further refuted Armstrong’s claim by adding, “Lots of respect. But this is simply not true”. Crypto Twitter is abuzz…
Cryptocurrency analytics firm QCP Capital has released its latest market analysis, which includes insights into recent economic data and its impact on crypto and traditional financial markets. According to QCP Capital, Thursday’s Core PCE (Personal Consumption Expenditures) data came in slightly ahead of expectations at 2.7% YoY, compared to a 2.6% estimate. Meanwhile, Friday’s Nonfarm Payrolls (NFP) data surprised to the downside, with just 12,000 jobs added, compared to expectations of 110,000. This led to a recovery in the US Dollar Index (DXY), pushing it to 104. Despite the weak jobs data, the US unemployment rate remained steady at 4.1%…
A hot new debate has emerged in the crypto community regarding alleged listing fees on centralized exchanges – specifically Binance and Coinbase. It all began with one of the venture capitalists sharing the details of a conversation with a high-end project that reportedly received a listing offer requesting 15% of the project’s total token supply, an amount potentially worth up to $100 million. The venture capitalist claimed that such demands are unaffordable for most projects and are the main reason why prices go down after listings. Coinbase CEO Brian Armstrong responded, highlighting that Coinbase listings are free, inviting projects to…
German telecom giant Deutsche Telekom has partnered with Germany’s oldest bank, Bankhaus Metzler, to launch a pilot project testing Bitcoin mining infrastructure powered by surplus renewable energy. The initiative aims to utilize excess electricity from renewable sources that would otherwise remain unused due to grid limitations or insufficient storage options. Per the announcement on Monday, Nov. 4, increasing renewable energy production presents challenges in stabilizing the energy grid, as irregular production peaks occur depending on weather conditions. Deutsche Telekom understands that Bitcoin mining could be crucial in balancing supply and demand within the grid. This method has already been successful…