Author: NBTC
Digital asset prime broker FalconX said Saturday it has completed the “first-ever” block trade for CME Group’s Solana futures with StoneX as counterparty, a day ahead of the SOL futures launch of new contracts expected on March 17. The San Mateo, California headquartered broker executed the transaction with the goal of providing a way “to manage risk and price exposure on a regulated venue,” Josh Barkhordar, head of U.S. sales at the firm said in a statement. A block trade in this context is a large-volume, privately negotiated transaction of the futures contracts, done outside the open market to avoid…
The U.S. crypto task force will focus on starting up a national bitcoin (BTC) reserve, a move that is likely to spur similar efforts worldwide, broker Bernstein said in a research report Monday. “A creation of a U.S. bitcoin reserve could lead to a global race amongst sovereigns to buy bitcoin as one of the reserve assets,” analysts led by Gautam Chhugani wrote. The formation of a strategic reserve poses a number of structural questions, the report said. Will the U.S. Federal Reserve or the Treasury buy bitcoin? If the Fed, that would require legislative approval, the report noted. How…
The digital ruble’s rollout is facing challenges, with 30% of Russian banks unprepared due to outdated infrastructure and reluctance to comply with the central bank’s CBDC plans. A recent survey conducted by tech firm Flant and Diasoft found that around 30% of Russian banks aren’t yet ready to adopt the digital ruble, Russia‘s form of a central bank digital currency. According to a Vedomosti report, March 14, Russian banks appear to be reluctant to act as “agents” for the central bank. The main problem: concerns about losing control over their clients’ finances and facing stricter transparency requirements. Local experts suggest…
DonAlt, a prominent pseudonymous cryptocurrency pundit with more than 650,000 followers, believes that Solana has gone from “beloved” to “hated” quickly after its reputation has been tarnished. “SOL went from beloved to hated quickly only because everyone on the chain lost all their money to scams,” he said. As noted by DonAlt, there were many voices who had some concerns about “a scam” culture on the chain during the early stages of its development. However, these concerns were largely ignored by the community due to the fact that they helped to inflate numbers, thus making the ecosystem way more prominent.…
The newly appointed governor of the Reserve Bank of India (RBI), Sanjay Malhotra, announced that the central bank will expand the reach of United Payments Interface (UPI) bilaterally by linking UPI with fast payment systems of other countries and facilitating efficient cross-border payments. Simultaneously, the RBI will explore linking payment systems other than UPI to improve cross-border payment effectiveness and foster innovation in payment systems through “soft-touch regulations” within established boundaries. “While in domestic payments, the success of UPI has propelled India to a leadership position with a share of 48.5 per cent in global real-time payments by volume, we…
21Shares just announced it will be liquidating two of its exchange-traded funds after a routine review. 21Shares has announced plans to liquidate two of its exchange-traded funds that invest Bitcoin (BTC) and Ethereum (ETH) futures. Specifically, it will liquidate the ARK 21Shares Active Bitcoin Ethereum Strategy ETF and the ARK 21Shares Active On-Chain Bitcoin Strategy ETF, both trading on Cboe BZX. The last day to buy or sell shares of these ETFs is March 27. On March 28, both will be officially liquidated. Shareholders who don’t sell until the date will receive cash based on the value of their shares…
After a relatively calm week, the cryptocurrency market is entering a new week in which some unusual developments will take place, especially in the field of altcoin token unlocks. The most notable of the altcoins that will experience a token unlock is MELANIA, which was launched by Donald Trump’s wife, Melania Trump. After a one-month vesting process, locked token holders will benefit from a significant amount of token unlocking. Here is the token unlock calendar that we, as Bitcoinsistemi.com, have prepared specially for you. (All times are stated as UTC+3 Türkiye time) February 17, 2025 Sui (SUI) Market Value: $10.14B…
Crypto exchange Kraken plans to launch a new colocation service in the coming weeks that will offer clients ultra-low latency trading, the company said in a press release Monday. The service is for customers who need high speed execution, Kraken said, and traders operating out of London can expect latency of under a millisecond. “Many exchanges offer colocation services, but Kraken’s approach is unique – we’re making it accessible to all partners and clients, not just institutions,” said Shannon Kurtas, head of exchange at Kraken, in the release. Trading is all about speed, especially in volatile markets such as crypto,…
Cryptocurrency analyst The DeFi Investor has prepared a calendar of altcoins and related altcoins that the crypto market will follow in the new week. Here’s what you need to know. BTC – FTX will begin distributing approximately $7 billion in cash to its creditors on Feb. 18. The long-awaited move marks a significant step in the exchange’s bankruptcy proceedings and could have implications for market liquidity and investor sentiment. JUP – Jupiter’s JUP buyback program will begin tomorrow, with 50% of protocol fees being allocated to the buyback of JUP tokens. HYPE – Hyperliquid, a leading decentralized exchange, is expanding…
US-based crypto exchange BitMart announced that its local subsidiary has successfully obtained a Trust or Company Service Provider (TCSP) license from the Hong Kong Companies Registry. This license enables the company to provide digital asset custody services and other related activities within the jurisdiction. BitMart’s Operations in Hong Kong With this approval, BitMart is focused on building a compliant, licensed platform in line with Hong Kong’s regulatory framework for Virtual Asset Trading Platforms (VATP). The platform adheres to Hong Kong’s Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) obligations to ensure secure and reliable transactions. Hong Kong has been actively approving…