Author: NBTC
Traditional finance firms that have adopted crypto are moving past the experimentation phase and are actively working on real-world solutions, Mastercard’s head of crypto and blockchain, Raj Dhamodharan, told CoinDesk. “Many of us in the industry are moving beyond experimentation; it’s actually real solutions,” he said, noting that Mastercard has already enabled stablecoin payments for financial institutions. Those institutions can choose to settle transactions using stablecoins, reflecting a broader trend in crypto adoption. Last week, the payments giant announced a partnership with crypto compliance firm Notabene, which will integrate Mastercard’s Crypto Credential into its SafeTransact platform to make digital asset…
The cryptocurrency market has seen a significant recovery over the past week, and at the time of writing, Bitcoin is trading at $98,315, up 3.55% in the last seven days. In addition, the total cryptocurrency market value has increased by around 7% in the last week. There are a lot of token unlocks in many altcoins in the new week. Here is the token unlock calendar we have prepared for you as Bitcoinsistemi.com. (All times are stated as UTC+3 Türkiye time) Sui (SUI) Market Value: $15.89 billion Token Amount to be Unlocked: $2.00 million (0.01% of market value) Date: January…
One of the biggest Biden-era crypto enforcement actions may be on its way to resolution. The SEC last week said its new crypto task force “may affect and could facilitate the potential resolution” of the agency’s lawsuit against crypto exchange Coinbase. The lawsuit, first filed in 2023, was escalated to the Second Circuit last month with Coinbase’s successful motion for an interlocutory appeal. Basically, the SDNY (the federal court that handled SBF’s trial and many other ongoing crypto matters) decided that a higher court needs to step in to resolve a key question: Do intermediated crypto transactions involve investment contracts…
Michael Saylor’s poll of 93,456 votes reveals surging confidence in bitcoin, with most participants predicting significant long-term returns. Poll Reveals Surging Confidence in Bitcoin’s Future – Saylor’s Followers Expect Massive Growth Michael Saylor, the executive chairman of Microstrategy, conducted a poll on social media platform X which ended Monday, asking his followers to predict bitcoin’s annual return over the next 21 years. The poll, which garnered 93,456 votes, presented four options for projected returns: 14%, 22%, 30%, and 38%. The majority of participants, 39.3%, selected the highest option of 38% as their prediction for BTC’s future performance. The second most…
Ethereum price is showing positive signs above the $2,620 zone. ETH is outshining Bitcoin and might start another increase in the near term. Ethereum is still showing positive signs above the $2,600 zone. The price is trading above $2,650 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with resistance at $2,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,700 and $2,725. Ethereum Price Remains Supported Ethereum price attempted a fresh increase above the $2,750 level, beating Bitcoin. ETH broke the…
Senate Judiciary Chair Chuck Grassley admitted on Tuesday that Congress is powerless to stop Elon Musk’s sweeping government cuts. “Congress can’t do anything except complain,” Grassley said on a press call, according to a report from RadioIowa. Grassley also pointed out that Elon’s Department of Government Efficiency (D.O.G.E) has the full backing of President Donald Trump. The mass firings across federal agencies, which have already gutted regulatory bodies and watchdog organizations, are an executive branch decision, Grassley explained. “The Constitution says all executive power of the federal government shall be vested … in the office of the presidency.” Trump and…
Coinbase said on Tuesday that its derivatives exchange now offers futures contracts for Solana (SOL) and Hedera (HBAR), expanding its suite of products to cover more cryptocurrencies with pending applications for spot ETFs in the U.S. Regulated by the CFTC, Coinbase said in a blog post that the exchange’s derivatives arm now offers futures contracts for 19 total assets, including Dogecoin, Litecoin and gold, among other altcoins. Solana, Hedera, Dogecoin, and Litecoin are part of an emerging race by crypto and more traditional financial services firms to address soaring demand for crypto-focused investment products. In recent weeks, these companies have…
As 2024 comes to a close, Bitcoin appears to have been by far one of the top-performing asset classes in the year. This was driven by the launch of new exchange-traded funds, which spurred broader adoption and optimism. Now, the question is whether the momentum will extend to crypto trading platforms like Coinbase and Robinhood. Coinbase and Robinhood Ride the Bitcoin Wave Bitcoin has more than doubled in value since the beginning of 2024, when it traded at around $40,000, and is now trading close to $94,000. Clearly, cryptocurrencies remained as volatile as ever throughout the year, with dramatic fluctuations.…
According to recent data from CryptoQuant, Ethereum (ETH) reserves on centralized cryptocurrency exchanges have dropped to a nine-year low. Experts suggest that this dwindling ETH supply could indicate an impending ‘supply shock,’ potentially fuelling a significant rally in the cryptocurrency. Ethereum Reserves At 9-Year Low Ethereum, the second-largest cryptocurrency by market cap, continues to trade within the mid-$2,000 range, sitting at $2,721 at the time of writing. Unlike Bitcoin (BTC), ETH has had a relatively quiet 2024, struggling to break past its all-time high (ATH) of $4,878, recorded in November 2021. This lackluster price action has contributed to waning investor…
It’s widely accepted that the United States holds approximately 147.3 million ounces of gold at Fort Knox. However, Elon Musk and others have decided to publicly question this fact. Daniel Ivandjiiski, the blogger behind ZeroHedge, has taken to X to make the claim that the last time someone saw the gold was way back in 1974. Musk, who’s now a special government employee, responded to this claim, demonstrating his surprise that it’s not checked more frequently. He then posted a meme that implied the gold at Fort Knox was gone. Unfortunately for the credulous Musk, Ivandjiiski is lying. Images released…