Author: NBTC
In a recent statement, QCP Capital, a famous cryptocurrency analysis firm, shared its assessment of Ethereum (ETH) following the approval and trading of Ethereum Spot ETFs. Wall Street witnessed a momentous event yesterday as spot Ethereum ETFs made their debut, generating over $1 billion in volume in their first day of trading. Grayscale Ethereum Trust (ETHE) led the way, accounting for nearly half of the total volume. It was closely followed by BlackRock’s iShare Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FETH). James Seyffart of Bloomberg Intelligence shared his views, saying: “For me, they pretty much met expectations. In terms…
Intersect, a member-based organization for the Cardano ecosystem, recently shared an update it captioned as “Chang Readiness” in a recent tweet. The Chang upgrades, the first of which is anticipated for August 2024 (assuming community readiness) mark a crucial milestone in the Cardano upgrade road map. Chang effectively is the first hard fork on the Cardano network’s Voltaire era. This upgrade is more than just a standard update; it represents a significant advancement in blockchain technology, addressing fundamental challenges and unlocking new potential for the Cardano network. Chang Readiness 👀The hardfork working group have published a detailed review of ecosystem…
South Korean prosecutors are preparing to launch a new joint crypto-crime investigation division next spring. As reported by Aju Press, this strategic shift aims to address communication gaps with domestic agencies like the Financial Intelligence Unit (FIU) and other international bodies. The current ad-hoc unit will transition into a full-fledged division, enabling better coordination and efficient handling of crypto-related offenses. This development comes amid new evidence suggesting that North Korea’s Lazarus Group recently laundered over $150,000 in stolen cryptocurrency through a Cambodian payments firm. The sophisticated tactics employed by the attackers highlight the challenges in combating crypto-related crime in the…
BitMEX founder Arthur Hayes published a thought-provoking article discussing the dynamics of historical economic cycles and distinguishing between local inflation cycles and global cycles. Arthur Hayes: Bitcoin Overtakes Gold as Safe-Haven Asset in Local Economic Cycle Hayes argues that the current economic environment is a domestic inflationary cycle in which Bitcoin has emerged as a superior safe-haven asset compared to gold due to its independence from national control. In his analysis, Hayes touches on widespread views within the cryptocurrency community, such as the belief that the crypto bull market is over or that Bitcoin should rise along with large-cap US…
A total of $300 million worth of cryptocurrency was liquidated in the past day, causing a major decline on the market. The prices of important assets like Ethereum have dropped to all-time lows, causing significant harm even though this may not be the biggest liquidation event in history. For instance, Ethereum has dropped significantly from its recent highs, reaching $3,168. Since the recently released Ethereum ETFs have made institutional active selling possible, one of the main causes of this selling pressure is probably these new offerings. For cryptocurrencies, this has led to a difficult environment, especially in light of the…
A Gigachad (GIGA) investor got the Solana meme coin’s contract address tattooed on his chest. But once he posted the proof on Twitter, he discovered that the token address now permanently imprinted on his skin was actually wrong. Pseudonymous Twitter user Hop said he decided that he wanted to get a tattoo dedicated to his favorite meme coin because, he claimed, the token has completely changed his life “mentally, spiritually, and of course financially.” Another GIGA community member got the ticker tattooed, purportedly, when the token was at an $18 million market cap. Now with a market cap over $175…
Qatar is making strides toward establishing a regulatory framework for digital assets, signaling a shift from its previous hardline stance against cryptocurrencies. The wealthy Gulf state banned Bitcoin trading in 2018, but recent developments suggest it’s cautiously reconsidering its approach. Last year, Qatari financial regulators proposed a framework to regulate investment tokens backed by tangible assets. The Qatar Financial Centre Regulatory Authority (QFCRA) and the QFC Authority (QFCA) collaboratively developed this digital assets framework, aiming to bolster Qatar’s digital economy strategy. They sought industry feedback to refine the proposed regulations, with the final legislation expected in Q4 2024. The QFC…
Bitcoin’s recent surge above the key $60,000 mark, driven by substantial buying activity, is signaling a potentially bullish July for the cryptocurrency. On-chain data reveals strong demand, with 237,000 addresses accumulating Bitcoin in the $61,000-$62,600 range, aligning with historical trends of positive July returns. Historically, July has been a favorable month for Bitcoin, averaging a 7.42% return. Investors and traders are now keenly observing whether Bitcoin can maintain this upward momentum. Source Bitcoin News X (formerly Twitter) This price range, bolstered by substantial buying activity, serves as a strong foundation for potential further gains. The influx of buyers at these…
In a major transaction, cryptocurrency whale “arthurgayes.eth” sold 2 trillion $MOG memcoin for $4.41 million to the Bybit and Gate.io exchanges. This sale occurred a few hours ago as the price of $MOG soared, according to SpotOnChain. Early whale “arthurgayes.eth” unloaded the first 2T $MOG ($4.41M) to #Bybit & #Gateio 7hrs ago as the price soared!This whale bought 8.26T $MOG with just 251K $USDC in Sep-Oct 2023;And still holds 6.26T $MOG (~$14M) in 3 wallets, making an est. total profit of $18.1M (x72)!… pic.twitter.com/VhmyBtu5uu — Spot On Chain (@spotonchain) July 20, 2024 ‘arthurgayes.eth’ Still Holds $14M in $MOG After 72x…
The longer the Ripple vs. SEC legal battle continues, the more the crypto space is filled with various speculations, rumors, uncertainties and doubts on this matter. Earlier, it was expected that the case would finally be resolved in July this year – the anniversary of the previous ruling when XRP was recognized as a nonsecurity. This did not happen, and as a result, the sentiment of market participants turned rather negative regarding the imminent end of the whole case. The absence of truthful news on the side of the case leads to the filling of this empty space with rumors,…