Author: NBTC
OKX has officially entered the European markets by expanding its services to include 28 EEA regions after becoming the first exchanges to secure a MiCA license. The crypto exchange informed users that it has expanded its trading services across 28 European Economic Area member states, operating from its main hub located in Malta. The exchange estimated that more than 400 million Europeans will be able to access its MiCA-compliant crypto services. According to the announcement, OKX is now available in the following countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia,…
The founder of investment firm SkyBridge Capital is predicting Bitcoin (BTC) will more than double in price over the next year. In a new interview on the Bankless podcast, hedge fund veteran Anthony Scaramucci says that Bitcoin demand will likely continue to increase, creating a supply crunch that sends the flagship crypto asset soaring. “There’s going to be a supply shock and so there’s no reason why this can’t trade to $200,000 over the next 12 months. You don’t have enough Bitcoin in the marketplace. So what happens? I need to own it. My board just told me I got…
Ethereum (ETH) has been attempting to breach key resistance levels, eyeing the $3,000 mark as the next significant target. The altcoin’s price has been steadily moving upward, with bullish sentiment gaining momentum as investors increase their participation. With growing investor interest, Ethereum’s upward movement toward $3,000 is becoming more likely. Ethereum Sees Massive ETF Inflows Ethereum’s spot exchange-traded funds (ETFs) have seen substantial inflows this month, with 145,000 ETH, valued at over $387 million, entering these funds. This marks a significant increase, with inflows already seven times higher than those observed in January. These inflows signal growing institutional and retail…
While numerous so-called ‘dino’ cryptocurrencies have begun to reawaken, the Bitcoin fork known as bitcoin gold (BTG) has experienced an astonishing rise of 140.31% within the last 24 hours. On Saturday, this digital asset oscillated between an intraday low of $9.30 and a high of $23.27. South Korea’s Upbit Drives Bitcoin Gold Mania Years ago, on Oct. 24, 2017, a collective of individuals bifurcated the Bitcoin software, birthing a new asset and blockchain christened Bitcoin Gold (BTG). The initial intent behind BTG was to foster greater decentralization, enabling proponents to mine the cryptocurrency using GPUs (graphics processing units). Nonetheless, the…
Nigeria is preparing to tax cryptocurrency transactions as part of broader efforts to boost government revenue, according to the country’s Securities and Exchange Commission. A bill outlining the tax framework is under review and is expected to pass this quarter, according to Bloomberg. The SEC plans to bring eligible crypto transactions on regulated exchanges into the formal tax system. The regulator acknowledged the “substantial amount of tax revenue that will accrue from cryptocurrency transactions” without providing specific figures. The move comes as Nigeria grapples with high inflation and a weakened naira, which has led many residents to turn to cryptocurrencies…
Robinhood will launch the crypto offerings to customers in Singapore via Bitstamp The retail investing firm acquired Bitstamp for $200 million in June 2024. Robinhood, a popular retail investing platform, has revealed plans that could see it expand its crypto product offering to Singapore before the end of 2025. In a report on Tuesday, Bloomberg said Robinhood Markets was eyeing the entry into Singapore via its recently acquired crypto platform Bitstamp. Robinhood’s expansion plans through its European-based digital-assets exchange will also include a foray across the Asia-Pacific region. According to Robinhood Crypto VP and general manager Johann Kerbrat, the company’s…
Syria, a country picking up the pieces after the collapse of the Assad regime, is preparing for a radical financial overhaul: Bitcoin legalization. The Syrian Center for Economic Research has proposed an ambitious plan urging the transitional government to adopt Bitcoin and other digital assets to address inflation, stabilize its economy, and attract global investments. The plan comes as the nation faces an insane challenge of reconstruction after decades of war and financial devastation. The proposal focuses on using Bitcoin as a lifeline for Syria’s citizens and its crumbling financial system. It suggests a regulatory framework to legitimize the use…
While Ethereum (ETH) could not experience the expected recovery, the rise experienced yesterday excited investors. However, this rise was short-lived and raised questions about the future of ETH. At this point, Singapore-based cryptocurrency platform QCP Capital listed its expectations regarding ETH. Analysts, who made their latest analysis based on the upgrades on Ethereum, stated that investors are preparing for the Pectra upgrade, which is currently in the testing phase and is expected to go live in early April. Accordingly, analysts stated that volatility increased in ETH before the Pectra upgrade, and that a significant break occurred in Ethereum’s option structure…
A UNDP official reveals the organization wants to explore how cryptocurrency can be utilized for human development whilst minimizing its financial risk. UN Assistant Secretary-General and UNDP Regional Director for Asia and the Pacific, Kanni Wignaraja wrote a blogpost on the official UNDP site pushing for more explorative study on how cryptocurrency can benefit mankind and economic development, specifically in unbanked areas. “It is crucial that we explore how the fast-evolving potential of cryptocurrencies, central bank digital currencies (CBDCs), and stablecoins might have a positive impact on human development,” said Wignaraja. In her post, the UN official acknowledges the enormous…
PENGU price has surged over 14% in the past 24 hours, bringing its market cap to $2.57 billion. The recent speculation surrounding a potential collaboration between Pudgy Penguins and Pokémon has fueled significant excitement among investors. This has added momentum to an already strong uptrend, as the coin continues to attract attention in the meme coin space. With technical indicators showing strong support, PENGU could soon test critical resistance levels and set new price milestones. PENGU Potential Collaboration With Pokémon Could Spark Its Price to $0.10 A recent tweet by Pudgy Penguin holder @broskisol has sparked excitement within the PENGU…