Author: NBTC
Fidelity Digital Assets, renowned for its robust investment and financial services, has officially integrated Litecoin into its cryptocurrency lineup, marking it as the third digital currency to be featured alongside Bitcoin and Ethereum. This inclusion by Fidelity, a titan in the financial sector with over $12 trillion in assets under administration, underscores a significant endorsement for Litecoin. This development is poised to attract a broader demographic of investors keen on diversifying their digital asset portfolios through a trusted platform. https://t.co/74jWdXUVBR — Litecoin (@litecoin) July 18, 2024 Litecoin’s Distinct Appeal Litecoin, often hailed as the silver to Bitcoin’s gold, brings a…
U.S. Senator Bill Hagerty (R-TN) threw his support behind Presidential candidate Donald Trump’s bid to make the U.S. a crypto hub this week. Speaking to Bloomberg Surveillance, Hagerty argued that, “We need to make certain that it happens here in America.” He likened crypto to the semiconductor industry that, “got pushed offshore and weakened us from a geopolitical standpoint,” adding that, “We need to see this innovation happening here.” Describing Trump’s stance on crypto as “likewise involved,” Hagerty said that the former President is “embracing the fact that this has tremendous potential for America.” NEW – 🇺🇸 US Senator Bill…
As Bitcoin (BTC) experiences stagnation in its current price, technical analysis suggests that the maiden cryptocurrency is now at a critical point with the potential for significant movements. Analysis shared by investment research platform Game of Trade in an X post on June 29 pointed out that Bitcoin could experience significant market movements depending on its ability to navigate its current technical setup. Notably, the analysis indicated that the rising channel, a crucial feature, has been in play since early 2023. This channel has acted as both support and resistance, guiding the overall uptrend. Recently, Bitcoin’s price fell back into…
Aptos is a layer-1 blockchain that uses Facebook’s Move programming language. One of its goals is to bridge the gap between DeFi and institutions from the worlds of traditional finance and business. The venture arm of cryptocurrency exchange OKX and the Aptos Foundation, which supports the development of the Aptos protocol, set up a $10 million fund to encourage the growth of the Aptos ecosystem and broader adoption of Web3. The accelerator fund, named Ankaa, will be used to develop projects built on Aptos, according to an emailed announcement. Ankaa will be run by Aptos, OKX Ventures and Alcove, Aptos’…
Galaxy Digital withdrew its ETH holdings from the Coinbase exchange. ETH depicted a 4.50% price dip in the last 24 hours according to CMC data. The beginning of August has witnessed a sharp intraday price decline in the leading altcoin, Ethereum. The token depicted a 4.50% decline in the last 24 hours and slid back to the $3,100 level. Notably, leading digital asset firm, Galaxy Digital showed ETH movements in the past few hours. According to Arkham Intelligence data, the firm withdrew 5K ETH tokens worth $16.07 million through an anonymous wallet acting as an intermediary. The anonymous wallet identified…
Shiba Inu (SHIB) is on the verge of a significant recovery, with trading volumes indicating strong investor interest. In the past 24 hours, a staggering 2.4 trillion SHIB tokens were traded, suggesting substantial accumulation by large holders, or “whales.” Whale Activity Peaks According to market intelligence platform IntoTheBlock, whales have been actively trading SHIB, with 3.45 trillion tokens moved on July 16 alone. Even the lowest recent daily volume was a substantial 854.29 billion tokens on July 11. This trend aligns with a broader rebound in the crypto market, indicating that whales are positioning themselves for potential gains. Potential for…
How might the SEC’s revised lawsuit against Binance, excluding the need to determine tokens as securities, change the regulatory approach towards digital assets? Table of Contents SEC’s changing stance Experts weigh in What’s next? The U.S. Securities and Exchange Commission has taken a new turn in its legal proceedings against Binance and its affiliates. A recent court document dated July 30 indicates that the SEC plans to request permission to revise its lawsuit, specifically the sections related to ‘Third Party Crypto Asset Securities.’ This proposed amendment is crucial as it indicates the SEC’s move away from requiring the court to…
In episode #1377 of The Pomp Podcast, host Anthony Pompliano sat down with Alex Thorn, the Head of Research at Galaxy Digital, to discuss the increasing influence of Bitcoin on Wall Street. Bitcoin: American Values Codified Thorn opens the conversation by drawing parallels between Bitcoin and American values. He argues that Bitcoin embodies self-sovereignty, free markets, capitalism, and private property rights. These principles, he claims, align closely with the American ethos, making Bitcoin an appealing asset for those who cherish individual freedom and financial sovereignty. Thorn emphasizes that Bitcoin’s decentralized nature enforces these values more robustly than traditional financial systems.…
Centralized crypto exchanges are slowly losing ground to their DeFi counterparts, according to an in-depth data analysis conducted by Decrypt. DeFiLlama decentralized exchange (DEX) volume data and CoinGecko total cryptocurrency trading volume data shows that the percentage of crypto trading volume that happens on DEXs compared to total trading volume went from 4.6% in February to over 7% this month. This is an increase of the DEX-fueled trading volume portion of over 52%. Source: Adrian Zmudzinski Messari senior research analyst Kunal Goel told Decrypt that multiple factors are fueling the DEX market share growth. He cited “the growth of meme…
Despite Ethereum not going through a particularly good moment in the crypto markets, experts’ forecasts on the price trend of ETH remain very positive. It should not be forgotten that in the current phase there are still large daily sales from the new Grayscale ETF, but this trend is destined to run out. The current situation The Grayscale case: the predictions on the price of Ethereum (ETH) The current price of Ethereum The forecasts on the price of Ethereum (ETH) The reliability of the forecasts The current situation At the time of the landing on the USA stock exchanges of…