Author: NBTC

Cryptocurrency asset manager Grayscale has appealed the US Securities and Exchange Commission’s (SEC) decision to halt its exchange-traded fund (ETF) containing XRP, Solana, Bitcoin, Ethereum, and Cardano. The company stated that this delay was harming its investors and called on the regulator to open the fund for trading as soon as possible. Grayscale’s official letter to the SEC stated, “The exchange and the fund’s existing investors are being harmed by the delay in the fund’s commencement of public trading.” Grayscale also stated that it may pursue legal action if necessary to force the fund to commence trading. The SEC approved…

Bitcoin (BTC) surged past $111,000 during the early hours of the Asian session on Thursday. However, investors may have seen this coming, amid a familiar twist- Coinbase went down. As the major US exchange experienced temporary connectivity issues, crypto Twitter lit up with predictions of a massive rally that seemed to materialize in real time. Coinbase Downtime Fuels Bullish Frenzy Reports on X (Twitter) indicate Coinbase Exchange suffered downtime in the early hours of Thursday. However, contrary to the typical reaction among investors, crypto market participants remained optimistic whenever such incidents happened. “Coinbase is down. OGs know what this means.…

Hut 8, a Bitcoin miner tied to the Trump family, is building a new office in Dubai, locking in on the city’s crypto-friendly environment. The company, which is based in Miami, officially registered its expansion last week through the Dubai International Financial Centre, with a spokesperson confirming it’s recruiting staff to lead trading and Bitcoin hoarding operations out of the UAE. According to Bloomberg, CEO Asher Genoot said the Dubai expansion will “enhance the precision and efficiency of Hut 8’s capital strategy.” The company, which ran mining operations in Texas, New York, and Alberta through 2024, had a team of…

Polygon’s POL token is seeing renewed momentum just a day before the Heimdall v2 mainnet upgrade, set for July 10. At press time, Polygon (POL) is trading at $0.2001, up 7% in the past 24 hours and 11% over the past week. Trading volume has jumped 71.4% to $92 million, with derivatives volume up 67.87% to $83.75 million, as per Coinglass data. Open interest has also climbed 10.98%, now standing at $98.7 million. These figures point to increased activity in both the spot and derivatives network. The upcoming upgrade marks a significant step in Polygon’s roadmap. Since Polygon proof-of-stake launched…

House Republicans, supported by the White House, are barrelling forward with a slew of crucial votes on digital assets legislation set for next week—and Democrats appear unsure of how to approach “Crypto Week” with a unified front.  Next week, among other crypto-related measures, the House will vote on the stablecoin-focused GENIUS Act and the CLARITY Act, which would create a crypto market structure framework. Some senior House Democrats have urged party leadership to officially come out against both bills, and whip votes against them, sources familiar with the matter told Decrypt.  But these efforts appear to have been unsuccessful, others…

Revolut temporarily shut down all cryptocurrency services in Hungary after the Hungarian government criminalized crypto transactions . Revolut releases official response for users addressing new updates regarding MiCA license. British fintech giant Revolut has temporarily suspended all cryptocurrency services in Hungary after the Hungarian government declared crypto transactions illegal. The suspension, announced on July 7, has halted all crypto trading and related services for users in the country. Following the freeze of crypto accounts and investments, Hungarian Revolut users were unable to conduct any cryptocurrency transactions. The abrupt move led to a surge in customer inquiries. On July 9, Revolut…

An expert on X says holding Bitcoin often leads to wealth, but the process feels frustrating for investors most of the time. Bitcoin experienced a volatile past week, briefly climbing past $111,800 on May 23 before undergoing a pullback to around $107,000 the following day. Despite this short-term correction, the crypto closed the week at nearly $110,000, with a current trading value of $109,770. While the price movement remains in focus, analysts continue to emphasize Bitcoin’s broader growth trend and its evolving role in the financial landscape. Long-Term Trends Show Resilience Amid Volatility Thomas Fahrer, co-founder of Apollo, said that…

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how the ongoing crisis in Bolivia is configured to stimulate the growth of crypto adoption, even from the government side. Latam Insights Encore: Bolivia Is Set to Become a Crypto Power as Its Economy Worsens Bolivia has become a case study for cryptocurrency adoption in Latam, given the current adverse economic situation that its citizens face. Bolivians are now dealing with an adverse turn of events that involves irresponsible management of their currency markets, which is…

FTX is moving forward with customer repayments and legal settlements following its collapse in 2022, even as its native token, FTT, continues to struggle in the market. With legal battles unresolved and trust eroded, the future of the FTX brand and the FTT token remain uncertain. Legal Actions Continue A month ago, former NBA star Shaquille O’Neal agreed to a $1.8 million settlement with FTX investors, according to documents filed in the U.S. District Court for the Southern District of Florida. The lawsuit, originally filed in May 2023, accused O’Neal of endorsing the now-defunct exchange in a 2022 television advertisement…

From boardrooms to balance sheets, Bitcoin is no longer just a bet—it’s becoming a part of corporate financial strategy. A small but growing number of companies are allocating portions of their treasuries to the number one cryptocurrency by market capitalization, aiming not only to protect assets and diversify beyond traditional finance but also to signal a forward-thinking stance. What are corporate treasuries, anyway? A corporate treasury refers to a company’s financial assets, including cash, stocks, and investments. To preserve capital and maintain liquidity, a company traditionally places surplus cash in instruments such as government bonds or money market accounts, which…