Author: NBTC

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is temporarily adjusting the availability of its services in the European Economic Area (EEA) to ensure compliance with evolving regulations, based on information shared with Finbold on Friday, December 13. In an effort to maintain transparency and regulatory compliance, Bybit has announced that it is actively pursuing a Markets in Crypto-Assets Regulation (MiCAR) license in Austria. With this license, Bybit will be eligible to offer secure and compliant services in the EEA that align with strict European standards. Compliance-based approach and the difficulty of the decision Ben Zhou, the co-founder and…

Bitcoin (BTC) has seen a notable drop in buying pressure over the last few days as the cryptocurrency’s price continues to swing between $98,000 and $10,000. This drop in bullish momentum suggests that BTC might not be ready for its next leg up. Instead, it indicates that the price might continue to trade sideways unless something changes. Bitcoin Accumulation Lowers One indicator showing a decline in Bitcoin buying pressure is the Stablecoin Supply Ratio (SSR). The SSR measures the ratio of a cryptocurrency’s market capitalization to the aggregated market capitalization of all stablecoins in circulation. Low SSR indicates higher buying…

The price of Turbo Toad Token ($TURBO), the first AI-generated memecoin, has dropped by 11% over the past few hours following a large deposit of 810 million $TURBO tokens (valued at $9.97 million) to major exchanges Binance and OKX. This significant deposit was made by a wallet linked to the Turbo Toad Token project, according to on-chain data provided by Spot On Chain. The $TURBO price dropped by 11% in the past 3 hours after a wallet linked to @TurboToadToken deposited 810M $TURBO ($9.97M) to Binance and OKX today!Previous activity shows that this wallet often received $TURBO from the project…

Anthony Scaramucci, former White House Communications Director, shared his insight in an interview with reporter Elizabeth Vargas regarding a proposal by Elon Musk and Vivek Ramaswamy to reduce government spending by $2 trillion annually. He doubts Musk and Ramaswamy will succeed in reducing the budget using their proposed policies. Speaking to news correspondent Elizabeth Vargas, former White House communications director Anthony Scaramucci called Musk and Ramaswamy “very smart, capable entrepreneurs.” However, he said that even though he doesn’t want to bet against them, they could fail in their budget-cut policies due to legislation protecting allocated budgets in Washington. .@Scaramucci doubts…

Bit Global, the custodian that was recently added to WBTC through its partnership with Justin Sun, has sued Coinbase over the delisting decision. They say Coinbase unfairly delisted WBTC in order to highlight its own competing product, cbBTC. On November 19, Coinbase announced that it planned to delist wBTC from its platform starting December 19, 2024. The decision was attributed to a periodic review of listing standards. The timing coincided with a restructuring of the wBTC ecosystem, with BitGo, the asset’s longtime custodian, transferring partial control to BiT Global Trust, a Hong Kong-based organization with ties to Justin Sun and…

On August 9, BitGo announced that it was transitioning Wrapped Bitcoin (WBTC) to a new “strategic partnership between BitGo, Justin Sun, and the Tron Ecosystem.” The announcement continued that this partner would would “continue to provide real-time proof-of-reserves.” Despite specifically referencing the Tron ecosystem and promising that real-time proof-of-reserves would also continue, WBTC on TRON, as well as WETH on TRON, have been removed from the WBTC dashboard, meaning the proof-of-reserves for this token is no longer available. The dashboard no longer includes WBTC on Tron but still features the versions on Ethereum, Base, Kava, and Osmosis. An on-chain review…

In the rapidly evolving and complex Web3 landscape, IOTA has introduced iotalabs, an independent brand within the IOTA ecosystem with a primary focus on building and growing the ecosystem. Iotalabs believes that a thriving ecosystem depends on a balance of all key elements for sustainable growth — technical innovation, community engagement, developer support, targeted incentives for developers and users, strategic partnerships, and robust infrastructure — each contributing to and reinforcing the others to facilitate rapid scaling. Iotalabs represents a major step toward building a brand and organization that can strengthen all critical elements of ecosystem growth. Iotalabs is dedicated to…

Everyone in the crypto ecosystem is well aware about the legal saga between Ripple Labs and the SEC. This lawsuit took a turn this week when a lead plaintiff filed an appeal challenging the court’s recent decisions favoring Ripple. This adds another layer of complexity to the case. Let’s explore what is new in the lawsuit. A New Chapter in the XRP Saga The lead plaintiff, Bradley Sostack, isn’t ready to give up. He recently filed an appeal with the U.S. Court of Appeals for the Ninth Circuit. This move contests major decisions made on November 15, 2024, by a…

Arkham Exchange, a well-known cryptocurrency exchange platform, recently made an announcement on their X platform stating that they are listing Ripple’s XRP on both Spot and Perpetual trading pairs. The trading is set to go live today, December 13, at 12:00 PM EST. This XRP listing, according to the community members, will lead to a significant price surge for the XRP token. ANNOUNCING NEW EXCHANGE LISTING: XRP XRP will be added to the Arkham Exchange, for both spot and perpetual pairs. Trading will go live at 12pm EST today. pic.twitter.com/8Bjtw1Lf7a — Arkham (@arkham) December 13, 2024 XRP Price Affected by…

This is a segment from the Empire newsletter. To read full editions, subscribe. It goes without saying: What’s good for bitcoin is good for bitcoin ETFs. No surprise then that almost $10 billion net has now flowed into US-listed spot funds since Trump’s win — about 83% going to BlackRock’s IBIT. Some ETFs are still doing better than others. To be clear: Share prices for the ETFs, by design, closely track the price of bitcoin. But share prices don’t reflect whether the funds themselves are up or down on their bitcoin purchases to date. Blue is IBIT, orange is GBTC.…