Author: NBTC
Ripple CEO Brad Garlinghouse has openly criticized the U.S. Securities and Exchange Commission (SEC) for what he calls “hypocrisy” and the inconsistent application of its rules. This criticism comes in the wake of the SEC’s latest move in the Binance lawsuit. On July 30, the SEC responded to the court’s minute order dated July 9, 2024. In the document, the SEC stated that it seeks leave to amend its complaint on the “Third Party Crypto Asset Securities” defined in its opposition to Binance’s motion to dismiss. The SEC had argued that several cryptocurrencies, including Solana, Cardano, and Polygon, were securities…
A major Bitcoin (BTC) withdrawal stunned the community earlier today. According to Spot On Chain, a BTC whale withdrew 1,300 BTC from crypto exchange Binance a few hours ago. This transaction is estimated to be worth around $85.6 million. The whale, recognized as “12QVsf,” has made more withdrawals in the last few days. Spot On Chain stated that the whale has withdrawn a total of 5,800 BTC from Binance in the last two days. Estimated to be valued at $388 million, these transfers were conducted at an average Bitcoin price of $66,968. Bullish signals for Bitcoin This is a major…
MetaMask, a prominent blockchain wallet, has recently announced a new development in terms of the integration of OKX and Binance. By allowing users to link OKX and Binance accounts to the portfolio dashboard, MetaMask now enables thorough monitoring of the DeFi and CeFi positions within one place. Earlier, this option was available only to Coinbase users. The platform took to its X account to give insights into the latest developments. Today, in addition to @Coinbase, users can also add their @Binance and @OKX Prime accounts to the Portfolio Dashboard. 🎊 Monitor, manage, control and report on your CeFi and DeFi…
In the latest updates concerning investments, Exchange-Traded Funds (ETFs) and major financial institutions like Grayscale and Fidelity have shown significant activity in adjusting their Bitcoin holdings. The recent data from June 28 indicates a net increase among nine ETFs, which collectively added 596 Bitcoins valued at approximately $36.5 million. This represents a substantial positive shift following the reductions on the previous day. Jun 28 Update:9 ETFs added 596 $BTC(+$36.5M).#Grayscale added 60 $BTC(+$3.6M) and currently holds 275,955 $BTC($16.89B).#Fidelity added 109 $BTC(+$6.7M) and currently holds 167,900 $BTC($10.28B).https://t.co/za5wGnJmMC pic.twitter.com/KFIhG6EwSa — Lookonchain (@lookonchain) June 28, 2024 Grayscale, a leading digital currency asset manager, enhanced…
GhostMarket has added support for Neo X to the cross-chain NFT marketplace, marking the platform’s eighth blockchain integration. The development team has deployed all ten of its smart contracts on Neo X, and now users can buy, sell, and trade NFTs on GhostMarket. The GhostMarket NFT platform supports two NFT standards on the EVM-compatible sidechain, Neo X. Created in 2017, ERC-721 is the main NFT standard on the Ethereum blockchain. It provides guidelines for building unique tokens representing digital assets across various verticals (i.e., gaming, art, and collectibles). The second standard, ERC-1155, allows a developer to create and transfer both…
Ethereum trades at $3.3K, down by 5.40% over the past week. ETH’s fear and greed index suggests greed sentiment in the market. Ethereum (ETH), the second-largest cryptocurrency, resumes encountering a feud at the borderline post the launch of spot ETH ETFs. The asset is priced in red, dropping by 1.28% over the past 24 hours. This decline comes alongside Bitcoin’s fall of over 4% to $66.5K from $69K. Ethereum celebrates its ninth anniversary in the blockchain industry. In an X post, Buterin wished and noted, “Looking forward to seeing what the next decade brings.” In the last nine years, the…
Bitcoin, the leading cryptocurrency, dropped sharply last night to $62,300. While analysts stated that the downward trend in Bitcoin may continue, all eyes on BTC and altcoins today turned to the economic data coming from the USA. The data announced on the first Friday of each month is closely followed by investors and stakeholders to understand the state of the economy. The data disclosed is as follows: Non-agricultural employment Data: Announced 114k – Expected 176k – Previous 206k Unemployment data: Announced 4.3% – Expected 4.1% – Previous 4.1% Bitcoin’s reaction after the incoming data was as follows: Effect of Non-Farm…
Placeholder VC, a prominent venture capital firm specializing in blockchain investments, deposited $32.75 million worth of $MKR and $UMA tokens to Coinbase earlier today, as reported by SpotOnChain. The tokens were transferred from two separate wallets. This transfer marks a significant move in the cryptocurrency market. Placeholder VC deposited $32.75M in $MKR and $UMA to #Coinbase 11 hours ago.Those tokens were moved from two wallets, including 7250 $MKR ($20.9M) from “0x4fa” and 5M $UMA ($11.9M) from “0xb0a”.@placeholdervc was an investor in both projects and acquired the tokens at low… pic.twitter.com/Di3ZzPjKeE — Spot On Chain (@spotonchain) July 18, 2024 Placeholder VC…
South Korea’s leading cryptocurrency exchange, Upbit, will temporarily suspend transactions for Filecoin (FIL) on August 6 at 11:00 AM. This pause is aligned with the launch of Filecoin’s network enhancement, ‘Waffle’ NV23, aimed at improving network efficiency. Despite user concerns, this is a standard procedure to ensure network performance and operational integrity. Upbit announces temporary suspension of Filecoin transactions ahead of the NV23 upgrade, ensuring enhanced network performance and user protection. Understanding the Necessity of the NV23 Upgrade Upgrades in the cryptocurrency world often come with both risks and opportunities. Upbit’s decision to suspend FIL transactions serves as a preventive…
Since the Global Financial Crisis (GFC) in 2008, the growth of the private credit space has been a key theme within the alternative investment management industry. According to TPG Angelo Gordon, private credit strategies grew from $726 billion in global AUM in 2018 to ~$1.6 trillion in 2023. Surveys of market observers and participants suggest that a majority of allocators globally intend to increase or significantly increase their allocations to this space, resulting in an expected $2.8 trillion in private credit assets under management by 2028: Global Private Credit AUM Source: TPG To what can this demonstrable growth be attributed?…