Author: NBTC
BIT cryptocurrency exchange has launched the EigenLayer Points Program seeking to improve user interactions within the EigenLayer ecosystem. This rewards program will include EigenLayer Points (ELP) trading on the spot market under the pair ELP/USDT. BIT plans for this move to boost engagements with the ecosystem as the Token Generation Event nears. BIT unveils EigenLayer points program BIT is a cryptocurrency exchange platform that appeals to professional traders due to features such as Portfolio Margin and Unified Margin that offer advanced risk management and fund efficiency. The exchange is now collaborating with the Ethereum-based protocol, EigenLayer, to give rewards to…
Bitcoin (BTC) has lost a supposedly strong price support by the end of the week, trading below $69,000. Now, cryptocurrency traders look for the next Bitcoin price support levels to watch in the charts moving forward. Previously, the $69,000 had constituted a significant resistance level for the leading cryptocurrency, marking a cycle’s top in 2021. This price set an all-time high for Bitcoin back then, which was challenged and briefly broken on March 9. One week later, BTC retraced below what traders would expect to become a strong support level, raising the possibility that its previous breakout was actually a…
Fiji’s central bank has issued a warning against crypto investments promoted in the region, citing legal tender laws and potential penalties under local regulations. The Reserve Bank of Fiji (RBF) has issued a public warning, cautioning users from investing in crypto-related campaigns promoted in the region. In a press release on Apr. 15, the central bank emphasized, including Bitcoin (BTC) and Ethereum (ETH) are “not recognized as legal tender in Fiji” and can’t be used for payments of goods and services, in accordance with local rules. Reserve Bank of Fiji Governor Ariff Ali also addressed the increasing promotion of crypto…
Base’s token Fren Pet (FP) has soared over 800% in the last 30 days, according to data aggregator CoinGecko. FP price movements have recently hit investors, with over $1 million bought over the last 24 hours as data from Nansen reveals. FP powers the Tamagotchi game, which consists of users raising a pet and putting them to fight other players’ pets. Nansen highlights on an X post that Ansem, a notorious figure in the crypto community, bought the equivalent of $32,000 of FP. However, his investment wasn’t even among the 10 largest FP acquisitions in the past 24 hours. The…
The head of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, had a lot of contact with Sam Bankman-Friend, the disgraced former CEO of FTX, but lawmakers suggest he hasn’t been fully forthcoming about those interactions. So, Sens. Elizabeth Warren (D-Mass.) and Chuck Grassley (R-Iowa) are demanding more. Warren and Grassley sent Behnam a letter calling for “an accounting of all meetings and correspondence between you and Sam Bankman-Fried during your tenure.” Over a 14-month period, CFTC officials had met with Bankman-Fried and his team as many as 10 times at the agency, and Behnam told lawmakers in 2022…
South African crypto exchange VALR has received regulatory approval from the country’s financial watchdog. VALR received a $240 million valuation in 2022 following a fundraiser led by Pantera Capital. South African crypto exchange VALR has obtained a license from the country’s financial regulator, the company announced Monday. Pantera-backed VALR, which was valued at $240 million in March 2022, is among the first batch of crypto firms to obtain approvals from South Africa’s Financial Sector Conduct Authority (FSCA). Last week, exchange platform Luno and crypto social investment platform Zignaly also announced they had received FSCA licenses. The FSCA began accepting license…
After Bitcoin (BTC) attained an all-time high of above $73,000, the market has been on edge regarding the next step for the maiden crypto. Indeed, a section of the market anticipates that Bitcoin might be experiencing a pre-halving retracement after falling from the record high to around $65,000 within hours. Amid the anticipation, crypto trading expert Trading Shot has observed that based on technical indicators, Bitcoin is likely to see another all-time high by the end of March. In a TradingView post on March 15, the analyst pointed out that the drop to $65,000 saw Bitcoin breaking below the four-hour…
Following the tension between Iran and Israel over the weekend, there were sharp declines in Bitcoin and altcoins. While BTC dropped to $60,700, altcoins also experienced major losses. While BTC and the market were slowly recovering after the sharp decline over the weekend, CoinShares published its weekly cryptocurrency report. Stating that cryptocurrency investment products experienced small outflows of $126 million last week, Coinshares said that the positive price momentum has stopped. “Cryptocurrency investment products saw small outflows of $126 million last week. “Investors appear hesitant as positive price momentum has stalled.” Ethereum (ETH) and Solana (SOL) Sales Continue! When looking…
Shiba Inu remains a favorite among crypto proponents, with over 12,000 addresses holding at least 1 billion SHIB despite the current market challenges. The crypto market is currently facing turbulence this month as a result of a correction that has sent prices down. Bitcoin (BTC), the leading crypto asset, collapsed below the $65,000 on April 3 but subsequently recovered. Despite the recovery, its bearish trend has impacted all other assets, including Shiba Inu. SHIB equally slumped to the $0.000025 low on April 3 before it recorded a recovery push. Much like Bitcoin, Shiba Inu remains in bearish territories despite recovering…
The DOJ is reconsidering its decision to appoint Sullivan & Cromwell as Binance’s independent monitor because of its relationship with FTX. According to Bloomberg, the law firm was on the verge of being named to oversee Binance’s compliance with a settlement that included a $4.3 billion penalty for breaching U.S. anti-money laundering laws and sanctions regulations. The role was part of an agreement with both the Justice Department and the Treasury’s Financial Crimes Enforcement Network (FinCEN). However, the decision has been stalled due to concerns over Sullivan & Cromwell’s previous association with FTX. The law firm’s role in handling FTX’s…