Author: NBTC
With the cryptocurrency market sentiment turning bullish and leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) posting solid gains in the past 24 hours, the race to new all-time highs has begun. Bitcoin added 6.06% to its value the previous day, propelling it above the $70,000 threshold for the first time in over a month. Due to the short squeeze, experts believe the new all-time high for the flagship crypto is approaching, as traders who had bet against Bitcoin are forced to buy back their positions, further driving up the price. In the past 24 hours, a sudden decrease in the…
Bybit, one of the world’s top three crypto exchanges by volume, has announced its inaugural Ethereum (ETH) Masterclass, as per the latest updates shared with Finbold on June 26. The free masterclass, tailored for both seasoned crypto investors and newcomers, will delve into decentralized finance (DeFi) opportunities and the potential of ETH in driving the next bull run. Ethereum ETFs Rumors of Ethereum exchange-traded funds (ETFs) potentially gaining approval in the US have recently created a lot of buzz in the crypto market, leading to a week-long rally and setting the stage for Bybit’s livestream event. Despite the ETFs not…
Ripple’s Chief Technology Officer (CTO), David Schwartz, addresses a persistent misconception within the crypto community regarding the company’s potential move away from its affiliated token, XRP. This speculation has been making rounds in the XRP community in recent times. However, the rumor about Ripple abandoning XRP gained steam after an X user, Aspen Signals, called attention to a quote on Schwartz’s cover photo on the social media platform. The quote sheds light on a scrappy financial startup’s struggle against betrayal and corruption as they endeavor to roll out instant payments to the public. Since the move to challenge the status…
Crypto entities may have misinterpreted MiCa’s deadline to make sustainability disclosures, despite a clarification, according to Crypto Risk Metrics. Crypto’s environmental impact, particularly through mining operations, has been a major concern surrounding the industry. Several crypto asset service providers (CASPS) in the European Union (EU) may not know the correct deadline to make sustainability disclosures reflecting their environmental footprint despite a clarification made by the bloc’s securities regulator, the European Securities and Markets Authority (ESMA). In general “we have the feeling that more than 80% of crypto asset service providers are not yet aware they need to report ESG-data (environmental,…
B3, the Brazilian stock exchange, is considering extending its native cryptocurrency trading options to offer ether futures contracts to its customers. The exchange, which has been a pioneer in Latam offering crypto-related trading products, would be focusing on institutional investors who want to diversify their traditional or crypto portfolios with more options. Brazilian Stock Exchange B3 Considers Launching Ether Futures and Bitcoin Options Brazilian investors and institutions are also looking for crypto-linked products to invest in. B3, the Brazilian stock exchange, is studying the possibility of extending its native cryptocurrency-linked portfolio options for institutional investors. According to local media, B3’s…
Bitcoin (BTC) experienced a dramatic market shift as its total liquidations surged to $97.06 million, driven by $10.98 million in long positions and a staggering $85.08 million in short positions being wiped out. The sudden price increase caused over $260 million in market-wide short liquidations on May 20, the largest since February 28th. Ethereum (ETH) shorts lost over $115 million, followed by Bitcoin shorts at just over $97 million, according to data from Coinglass. This upheaval occurred as Bitcoin’s price surged around 5% in the past 24 hours, reaching $71,078.15. The cryptocurrency’s 24-hour trading volume also skyrocketed by 138%, valued…
Florida Republican Matt Gaetz introduced a bill on Tuesday to allow federal income taxes to be paid using Bitcoin (BTC). The proposed legislation requires the U.S. Secretary of the Treasury to establish a program facilitating tax payments in BTC. As of now, only Colorado permits the use of cryptocurrency for paying taxes. The announcement did not pass by the crypto community unnoticed. Billy Markus, co-creator of Dogecoin and known as Shibetoshi Nakamoto, expressed his support for the idea, stating a preference for paying taxes with Ethereum (ETH) instead of converting it to cash. This viewpoint highlights a roiling demand to…
JASMY takes rank 51 in CoinMarketCap’s rankings for largest market cap. The altcoins climbed the ranks as other altcoins faced a hard price dip. JASMY is now one step away from claiming the top 50 coins rank in the world. As the crypto market experienced a sudden and unexpected dip in many altcoins over the last 24 hours, one altcoin stays strong. JasmyCoin’s JASMY not only remained in a bullish state, but it claimed rank 51 on CoinMarketCap based on the largest market cap list. Unfortunate red falling price marks take over the crypto price boards for a massive number…
XRP advocate John Deaton has once again voiced his criticism against the U.S. Securities and Exchange Commission and its chairman Gary Gensler, accusing them of harming a large number of small cryptocurrency investors, including those that bet their money on XRP. He also reminded the XRP community about Gensler’s additional important mishap that made waves among the army of crypto fans. It is worth noting that Deaton is a candidate for U.S. Senate in Massachusetts. Deaton’s critique against SEC and Gensler John Deaton wrote that he has “100% conviction” that Gary Gensler and the SEC have brought more harm to…
European Binance users logging into their mobile app on Wednesday were greeted with an unsettling message indicating that certain services were no longer available in their region. This sudden change comes as new cryptocurrency regulations on the Old Continent officially take effect at the end of June. Binance, acting proactively, has already blocked access to some services, including copy trading, starting from June 26. Binance Users in Europe Face Significant Restrictions A year ago, the European Union introduced the Markets in Crypto-assets (MiCA) regulation package, governing the digital assets industry across Europe and within the European Economic Area (EEA). The…