Author: NBTC
Bullish Group, a leader in digital asset trading infrastructure, announced that its German subsidiary, Bullish DE Custody GmbH, has obtained essential licenses from Germany’s Federal Financial Supervisory Authority The approvals, granted on Dec. 20, cover crypto asset custody, proprietary trading, and principal brokerage. These licenses allow Bullish DE to operate within Germany’s expanding digital asset market, according to a company release. This milestone positions Bullish DE for broader European expansion under the Markets in Crypto-Assets Regulation, which took effect in December 2024. MiCA provides a unified framework for crypto businesses, streamlining regulatory requirements across the European Union. We are proud…
A crypto trader has made a profit of $435,000 from his initial investment of 1 $SOL ($169), representing a gain of 2,580x return. The trader achieved this incredible return by investing 1 SOL ($169) into an unknown meme coin called Mundi. Lookonchain reported the incident today December 1 2024 and highlighted how it happened. According to the on-chain analytics, the investor capitalized on the new meme coin’s potential. How the trader net thousands trading Mundi Banano (BAN) is a good example of a new meme coin launched on October 25 but rapidly surpassed a $60 million market cap within two…
The Bitcoin market has seen a surge of nearly 8.0% in the last seven days. Right now, the market is slowly inching towards the milestone of $100K. Many Bitcoin enthusiasts believe that the market could cross the 100K range within a few days. Meanwhile, prediction markets like Kalshi share an even higher expectation. Here is what you should know. Bitcoin $150K? What the Prediction Markets Say Prediction markets like Kalshi suggest that there is at least a 13% chance for Bitcoin to hit the $150K range before the end of this year. This points to the possibility of a breakout…
Ethereum (ETH) price has dropped nearly 8% in the last 24 hours, nearing the loss of its $400 billion market cap. The sell-off has pushed ETH’s RSI to 27.1, its lowest since December 20, signaling oversold conditions and weak market sentiment. The ADX indicates that the current downtrend is strong, with bearish momentum dominating as the -DI surpasses the +DI. If the downtrend continues, ETH could test critical support levels, but a reversal might allow it to challenge resistance and regain upward momentum. Ethereum RSI Reached Its Lowest Level Since December 20 The Relative Strength Index (RSI) for Ethereum has…
In her latest interview with CNBC, US Treasury Secretary Janet Yellen provided information about the current state of the economy, touching on a variety of topics from inflation and interest rates to fiscal policy and government spending. Yellen acknowledged that spending during the COVID-19 pandemic may have contributed to some inflation. However, she noted that the underlying cause of inflation was supply shortages across various sectors. “We haven’t seen much progress on inflation over the last few months,” she said, signaling that the issue remains a pressing concern for policymakers. Yellen: “Interest Rates May Remain Higher Than Projected” Despite concerns…
Paul Atkins, President Donald Trump’s pick for the next chair of the Securities and Exchange Commission (SEC), has hit Capitol Hill, making the rounds and stopping at key offices to drum up support for his confirmation. Atkins is no stranger to the SEC or financial regulation. He’s meeting with some of the biggest names in Congress, starting with Senator Tim Scott, the chair of the Senate Banking Committee. This is the first major move in what’s expected to be a complete makeover of the SEC’s approach to digital assets and financial markets. Scott released a statement praising Atkins’ long career…
Bitcoin, the first and largest cryptocurrency by market capitalization, is attempting to break the long-anticipated $100,000 per coin mark amid a couple of close calls over the last day. Bitcoin reached intraday highs of $99,044 in Saturday’s trading session; yesterday, it stopped short of the $100,000 mark, just reaching highs of $99,860. In a recent tweet, Michael Saylor, co-founder and chairman of MicroStrategy, commented on the current price of Bitcoin (BTC): “The price of BTC is still less than $0.1 million,” an acknowledgment that the $100,000 milestone is within reach. The price of $BTC is still less than $0.1M. —…
Amid the ongoing crypto market crash, will Ethereum (ETH) maintain dominance at the $3,000 psychological support level? With Bitcoin retreating to the $95,000 range, Ethereum has fallen by nearly 10% over the past 24 hours. It is currently trading below the $3,400 mark, maintaining a market capitalization of around $401 billion. With massive liquidations and an outflow in the Ethereum spot ETF market, bears are gaining control of the trend. Ethereum Price Analysis On the 4-hour chart, the bullish breakout above the $3,500 zone failed to sustain momentum, reversing at the $3,700 level. This reversal coincided with the drop in…
FED member Christopher Waller expressed his optimism about the course of inflation while maintaining his firm stance on the need for additional interest rate cuts. Speaking at a conference in France on Wednesday, Waller said inflation was moving steadily toward the Federal Reserve’s 2% target but said it was “too early to declare the end” of the central bank’s easing cycle. Waller highlighted the recent improvements in inflation measures and listed the reasons for his optimistic outlook: Decline in Core Inflation: The six-month annualized core inflation rate came to 2.4% in November, improving from 2.8% in the same month of…
Coinbase has achieved a significant legal milestone in its ongoing battle with the SEC, as Judge Katherine Polk Failla of the Southern District of New York granted the company a rare interlocutory appeal. According to the filing, this decision allows Coinbase to bring its case to the Second Circuit Court of Appeals. The company will challenge the SEC’s allegations, which include claims of operating as an unregistered exchange and broker-dealer. Additionally, the SEC accuses Coinbase of selling unregistered securities through its staking program. “Over the strenuous objection of the SEC, Judge Failla has granted our motion for leave to pursue…