Author: NBTC
Congressman Davidson criticizes the SEC for hindering the availability of safe Bitcoin storage as well as for slowing down the development in the field of digital assets. The regulatory position of the SEC is putting a halt on the institutional and individual investors from safely storing Bitcoin. The continuous rise of the market and the trillion-dollar worth of bitcoin show that cryptocurrencies should be regulated to protect the consumers US Congressman Warren Davidson has expressed some concerns of his on the operations of the Securities and Exchange Commission SEC particularly under the chairmanship of Gary Gensler. In a rather direct…
21Shares launches FUTR, its first megatheme crypto ETP in Europe. FUTR offers exposure to six major trends in the crypto economy. 21Shares, a leading issuer of cryptocurrency exchange-traded products (ETPs), has introduced its 44th crypto ETP, the Future of Crypto Index ETP (FUTR), in Europe. The new product, designed as a “megatheme” ETP, offers investors exposure to six major sectors within the evolving crypto economy, including payments, social, gaming, decentralized finance (DeFi), artificial intelligence (AI), and smart contract blockchains. Listed on both Euronext Paris and Euronext Amsterdam, the FUTR ETP is fully backed by underlying crypto assets held in secure…
EigenLayer’s highly anticipated native token EIGEN has launched, with its price jumping nearly 15% on its debut to reach a peak of $4.53. While major exchanges such as Binance and Coinbase made consecutive listing announcements for EIGEN, Tron founder Justin Sun, one of the largest holders, began unloading the EIGEN tokens he received in airdrops. Justin Sun moved 5.37 million EIGEN, which raises the question of whether this will cause a collapse in the price of EIGEN. Justin Sun Claims His EIGENs! Tron founder Justin Sun received over $38.74 million in EigenLayer airdrops on his way to Ethereum ReStaking. According…
The Brazilian Federal Police launched Operation Alcacaria this Wednesday, aiming to thwart the action of a network focused on providing money laundering services using cryptocurrency. The operation involved 62 search warrants, 13 arrest warrants, and the seizure of funds of the involved entities in banks. Brazilian Authorities Execute Operation Alcacaria Against Crypto Money Laundering Actors Brazil is strengthening measures against institutions leveraging crypto to complete financial crimes. Local media reported that the Brazilian Federal Police launched Operation Alcacaria on Wednesday, targeting several financial operators that provided money laundering services to criminal organizations nationwide. The operation was executed jointly with the…
Trading Bitcoin can follow many strategies. Do you use Fundamental Analysis or Technical Analysis? Are you a day trader, swing trader, scalper, or HODLer? No matter which type of trader you are, it is always good to “mind the gap”. So then, what exactly is the Bitcoin CME gap? The Bitcoin CME gap: What it is and how to use it So what is the Bitcoin CME gap? Let’s have a look at what Bitcoin and the CME are, to begin with. What is Bitcoin crypto? Bitcoin is the most recognized digital and decentralized cryptocurrency. It is created through solving…
Most people use LinkedIn to share promotions or new career moves—Ryan Salame used it to announce his next stop: prison. On Thursday, just days before beginning a seven-and-a-half-year sentence, the former FTX co-CEO posted, “I’m happy to share that I’m starting a new position as [an] inmate at FCI Cumberland.” His dark humor didn’t go unnoticed, with LinkedIn users showering him with ironic congratulations. One user quipped, “Bro went from LinkedIn to LockedIn,” while another added, “Well deserved, Ryan.” Salame, who once held a high-flying position at FTX, is now one of several executives to face serious consequences following the…
Kraken, one of the leading cryptocurrency exchanges, has announced that the Solana-based Bonk (BONK) meme coin is now available for trading in the US and Canada. The red-hot meme cryptocurrency initially appeared on the meme coin scene in late 2022. The token managed to attain significant popularity right from the get-go because of its airdrop. It was pitched as the “meme coin for the people,” with half of its supply being distributed to various members of the Solana community. Despite its meme coin status and frivolous nature, Bonk has managed to gain some utility by being integrated into various decentralized…
Last night, the US Federal Reserve (FED) announced that it had cut interest rates by 50 basis points after four years. Following this decision, the price of Bitcoin rose above $62,000. While the Bitcoin price rose in initial reaction, now analysts are trying to predict how the BTC price will move. Bitcoin Rise Expectation Continues! Speaking to DL News, CoinMarketCap chief researcher Alice Liu said that she expects new highs in the BTC price. Noting that Bitcoin has risen by about 90 percent in the fourth quarter of the last decade, Liu said, “There is a chance that we will…
Crypto market-focused investment company QCP Capital emphasized that the Federal Reserve (FED) meeting minutes announced yesterday on its official channel displayed a less dovish tone than expected and that the FED’s victory in the fight against inflation should be questioned. With the strong nonfarm payrolls data released last Friday, market expectations for a 25 basis point rate cut in November rose to 83.7% from 67.9% last week. This week, the focus of the markets will be on the Consumer Price Index (CPI) data to be released tonight and the Producer Price Index (PPI) data to be released tomorrow. Additionally, earnings…
Solana-based tokens have shown impressive growth in Q3 of 2024, marking a strong performance across the ecosystem. According to Solana Daily, various tokens across decentralized finance (DeFi), decentralized exchanges (DEX), and other blockchain sectors experienced massive market cap growth. The platform highlighted that Solana continues to expand its influence in the blockchain space, with several tokens seeing notable increases in value during this period. Tokens Leading Market Growth Among the top performers, CROWN, the native token of the Photo Finish platform, saw a market cap increase of 103%, reaching $110 million. Metaplex’s token, MPLX, followed with a 55% growth, bringing…