Author: NBTC
Coinbase’s Asia-Pacific Managing Director said the exchange is concerned about “ongoing regulation through enforcement” ahead of expected draft legislation for the sector. Australia’s Treasury is planning to introduce a draft legislation for the crypto sector by the end of 2024. Nasdaq-listed cryptocurrency exchange Coinbase (COIN) is concerned about “ongoing regulation through enforcement,” which is not “helpful to the overall direction of the industry” in Australia ahead of expected draft legislation, senior executives of the cryptocurrency exchange told CoinDesk in an interview. “We want to avoid ongoing regulation through enforcement given all the healthy interactions we’ve had (with regulators) in recent…
Futu Securities, Hong Kong’s biggest online brokerage with over 3.5 million customers, has launched retail Bitcoin trading on its platform. As per South China Morning Post, users can now directly buy and sell Bitcoin and ether using Hong Kong or US dollars. JUST IN: 🇭🇰 Hong Kong’s largest online broker Futu has launched #Bitcoin and crypto trading. pic.twitter.com/sGDxbx83is — Bitcoin Magazine (@BitcoinMagazine) August 1, 2024 Futu is the first online broker in Hong Kong to offer direct Bitcoin access to retail investors. Last month, the company received approval from the city’s Securities and Futures Commission (SFC) to provide virtual asset…
Investor and financial commentator Peter Schiff, known for his critical stance on Bitcoin, has once again voiced a critical opinion on Bitcoin, highlighting its poor performance in Q2 compared to gold. According to Schiff, Bitcoin’s value has dropped over 15% as it approaches the end of Q2, while gold has seen a 4% gain during the same period. #Gold closed Q2 with a 4% gain. #Bitcoin still has two more days left to trade, but as of now it’s down over 15%. Investors who sold gold ETFs at the end of Q1 to buy Bitcoin ETFs are 20% worse off.…
Net flows into the group of nine spot Ethereum exchange-traded funds (ETFs) turned positive in Tuesday trading as BlackRock’s iShares Ethereum Trust (ETHA) raked in $118 million in net inflows, sufficiently offsetting large withdrawals from Grayscale’s Ethereum ETF (ETHE), according to data from Farside Investors. Investors pulled around $120 million from Grayscale’s ETHE on Tuesday, bringing the outflows after six trading days to over $1.8 billion. Since the fund’s conversion, its assets under management have dropped from over $9 billion to $6.8 billion, according to updated data from Grayscale. US spot Ethereum ETF Flows on July 30 – Source: Farside…
Every new season in crypto brings fresh tokens, fresh metas, fresh ecosystems, and fresh opportunities. While trends change and verticals rise and fall, the quest for new opportunities remains undiminished. For astute traders, searching for undiscovered gems and undervalued tokens, it’s wise to cast a wide net to maximize the chances of uncovering a winner. The three tokens profiled here share little in common save for the amount of interest they’re currently garnering. Interest that is likely to convert into price appreciation this season. While there are no guarantees in crypto, the following tokens should at the very least be…
A member of the UK’s House of Lords, Edward Vaizey, has stepped down from his advisory role at Binance after the crypto exchange reportedly disbanded its Global Advisory Board. On July 12, a Telegraph reporter discovered that the board was disbanded and now resembled something closer to a ‘formal board of directors.’ Indeed, a Binance spokesperson told Protos it has implemented “a new global governance structure, which includes a board of directors including three independent directors, as well as Audit and Finance, Compliance and Risk, and other committees.” It added, “We are grateful for the contributions of the Global Advisory…
Bitfarms said its Bitcoin production and holdings increased last month despite the rising mining difficulty, according to an Aug. 31 statement. The crypto miner revealed a 33.8% rise in Bitcoin production for July, attributed to a higher hashrate. Bitfarms mined 254 BTC in July, up from 189 BTC in the previous month. The firm also grew its hashrate to 11.1 EH/s by the end of July from 10.4 EH/s. Bitfarms CEO Ben Gagnon said: “Since the halving event in April, our Bitcoin mined per month has increased 62%. This speaks volumes to our operational expertise and improved efficiency, and I…
Samson Mow, a vocal Bitcoin maximalist and CEO of JAN3, a company that helps nation states to adopt BTC, has commented on the recent wave of Bitcoin selling off, during which the world’s biggest crypto currency has twice plunged below $60,000. Mow believes that all Bitcoin that is being sold now will be picked up by big sharks anyway. Samson Mow’s comment on Bitcoin sell-off The Bitcoin maximalist made a bullish BTC statement, saying that no matter how much Bitcoin has been sold and is going to be dumped in the coming weeks and, perhaps, months, it will all be…
Ethereum clocked nine years today after overcoming several challenges and implementing key network upgrades. Glassnode’s Ethereum Q2 insights indicate that ETH may have a productive Q3 ahead. Ethereum is forming a rounding bottom on the daily chart, indicating a potential bullish reversal. Ethereum is down 1.5% on Tuesday despite several market participants acknowledging its ninth anniversary. Meanwhile, Glassnode shared key ETH Q2 insights that may prove beneficial as the market takes shape in Q3. Daily digest market movers: ETH birthday, Q2 insights Ethereum clocked nine years today after the Mainnet launch on July 30, 2015, when its first block was…
Mid-July was a hot time for popular cryptocurrency XRP. Over the course of two weeks, the price of the token rose by more than 53% at the peak of its growth, reaching a high not seen since early April. Many have attributed XRP’s price action to several factors. First, a year ago on July 13, XRP was ruled by a court to be a nonsecurity, and it seems that this partly fueled traders’ feelings about the imminent regulatory clarity that would be achieved by the start of the SEC’s case against Ripple. This speculation has been fueled by a closed…