Author: NBTC
Crypto exchanges appear to be cracking down on who is eligible for the discounted trading fees they offer to their largest customers. OKX, the second-largest exchange, just asked prime brokerages for more information, following changes at larger rival Binance. Cryptocurrency exchanges are cracking down on brokerages that bundle clients’ orders to enjoy lower, VIP trading fees. In a letter reviewed by CoinDesk, OKX, the second-largest exchange by volume, recently asked prime brokers for details of subaccounts including the names of the entities or individuals that control each subaccount and the jurisdiction in which they are located. OKX said it needs…
Key Points: Maya Parbhoe, running for Suriname’s presidency in 2025, proposes adopting Bitcoin to empower citizens and address economic challenges. Inspired by El Salvador, the Suriname presidential candidate aims to implement Bitcoin integration independently of local government influence. Maya Parbhoe, a Suriname presidential candidate in the upcoming 2025 elections, has put forward a bold proposal to adopt Bitcoin as legal tender, following in the footsteps of El Salvador‘s pioneering move last year. Suriname Presidential Candidate Maya Parbhoe Advocates Bitcoin Adoption Parbhoe argues that embracing Bitcoin will empower Surinamese citizens by wresting control from oppressive institutions and fostering economic autonomy. Highlighting…
A whale address receives over 445 billion Shiba Inu tokens from a Robinhood wallet as SHIB’s price corrects to the $0.000027 region. Whale Alert, a leading market tracking resource, first spotlighted the interesting fund movement, which occurred shortly after Shiba Inu witnessed an impressive price uptick to retest the $0.000029 price territory amid a three-day winning streak. 🚨 445,868,091,840 #SHIB (12,171,975 USD) transferred from #Robinhood to unknown wallethttps://t.co/93j10061Wr — Whale Alert (@whale_alert) May 29, 2024 Details of the Transaction On-chain data from Etherscan indicates that the transaction occurred yesterday at 16:46 UTC, involving exactly 445,868,091,840 SHIB tokens worth $12.171 million.…
U.S. Treasury Secretary Janet Yellen has addressed concerns about Russia using cryptocurrency to evade sanctions. During her testimony before the House Financial Services Committee, Yellen acknowledged the potential threat, noting that while it may not be a significant issue now, it could become more concerning as sanctions intensify. Yellen: We Are Very Attentive to the Use of Crypto U.S. Treasury Secretary Janet Yellen testified before the House Financial Services Committee last week. During the hearing, Congressman Brad Sherman (D-CA) questioned her about Russia’s use of cryptocurrency and stablecoins to evade Western sanctions. “The Russian central bank has urged the use…
Slumps in Bitcoin prices and the total cryptocurrency market cap coincided with reduced trading activity on centralized exchanges like Binance. Data from the WuBlockchain team revealed that crypto spot volumes on centralized exchanges (CEXs) dropped 17% month-on-month (MoM) in June. Bitcoin (BTC) declined around 5% in the last 30 days, while the total crypto market dropped hundreds of billions within the same period. As capital exited the digital asset market and investor sentiment turned bearish, several CEXs, including Upbit, Bitfinex, and KuCoin, recorded significant reductions in trading volumes, with declines of 45%, 38%, and 32%, respectively. Binance saw a 22%…
While the decline in Bitcoin and altcoins negatively affected the entire market, Binance CEO Richard Teng also made a downward comment. Emphasizing that investors’ interest in Bitcoin continues despite the declines, Binance CEO pointed to spot Bitcoin ETFs as evidence of this interest. Stating that there has been an inflow of 14.7 billion dollars into BTC ETFs in the last six months, Binance CEO said that these inflows are an indicator of investors’ confidence in BTC and digital assets in general. Pointing out that although Bitcoin and altcoin prices have fallen recently, the long-term fundamentals of the cryptocurrency industry are…
Diameter’s CEO David Lighton has questioned Ripple’s labeling of a recent article, noting a discrepancy between the title and the actual content. According to Lighton, the caption “Institutional DeFi” does not align with the narrative, as many of the projects Ripple cited are for retail use. 3. It’s interesting the article is labeled as “Institutional Defi”, when many projects cited are for retail. “Institutional” really means “regulatorily compliant” so everyone can use it. The oft-cited narrative of “it’s for institutions only” in XRP circles really doesn’t apply. — WrathofKahneman (@WKahneman) May 29, 2024 Meanwhile, the Diameter CEO praised Ripple’s insight,…
Brad Garlinghouse led Ripple to a significant legal victory against the SEC, solidifying XRP’s status. Garlinghouse advocates for clear regulatory frameworks to foster innovation and trust in the cryptocurrency industry. The dynamic CEO of Ripple, Brad Garlinghouse, has grown to be a powerful player in the crypto scene for his relentless commitment to XRP adoption and strategic leadership that have helped Ripple negotiate both turbulent and calm waters. His path is a gripping story of resiliency, foresight, and a relentless dedication to invention. The Beginning: Joining Ripple and Shaping a Vision Brad Garlinghouse started his adventure with Ripple in 2015,…
Alchemy Pay, renowned for bridging the gap between fiat and cryptocurrencies, has recently unveiled significant enhancements to its payment processing services. This strategic update is designed to streamline the transaction experience for both merchants and consumers by facilitating easier and more efficient crypto transactions. As part of this upgrade, Alchemy Pay has introduced capabilities allowing users to directly link their cryptocurrency exchange and brokerage accounts—such as Coinbase, Kraken, and Robinhood—to their payment interface. This integration supports seamless transfers, enabling users to utilize their crypto holdings for everyday transactions with minimal effort. 🚀#AlchemyPay now supports users connecting their exchange and brokerage…
Cryptocurrencies rebounded on Tuesday with bitcoin (BTC) climbing nearly 3% to around $58,000 as fears after last week’s breakdown allayed. The recovery was broad-based, with the market benchmark CoinDesk 20 Index up 2.4% over the past 24 hours, led by gains by solana (SOL), filecoin (FIL) and native tokens of Avalanche (AVAX) and Internet Computer Protocol (ICP). The grind higher could last a while with BTC potentially reaching $60,000, but the rally will be short-lived, said Markus Thielen, founder of 10x Research. “The $55,000-$56,000 range is forming a base from a technical analysis perspective. However, given the medium-term technical damage,…