Author: NBTC
As the overall sentiment in the crypto market veers towards bullishness, leading cryptos have regained their previously lost levels and ignited further interest in meme coins. Brett (BRETT) has emerged as the standout performer, experiencing a 400% gain in the past 30 days alone. Having launched just three months ago, BRETT now boasts a market cap of $1.7 billion, positioning itself as the top gainer in the top 100 spot of the market. The Largest Meme Coin On The Base Network BRETT is a meme coin built on the Base network, with its mascot inspired by a character in Matt…
U.S. lawmakers are urgently advocating for the release of Binance’s executive Tigran Gambaryan, saying he’s just caught in a Nigerian political dispute. Arkansas Republican Rep. French Hill keeps urging the Biden administration to secure the release of Tigran Gambaryan, a U.S. citizen and the head of financial crime compliance for Binance, detained in Nigeria amid what Hill describes as a “Nigerian political fight.” In an interview with FOX Business, Hill, who’s also the vice chairman of the House Financial Services Committee, said he plans to consult with State Department officials regarding Gambaryan, who’s facing disputed charges including money laundering. “Tigran…
Key Points: Binance.US in Washington will halt operations on August 20, 2024, due to regulatory issues. Eight states, including North Dakota and Oregon, have revoked Binance.US’s operating licenses. The SEC has sued Binance.US for failing to register properly and engaging in manipulative trading. Binance.US in Washington State to Cease Operations The decision comes in response to recent regulatory developments that have resulted in the exchange losing its license to operate within the state. The Washington State Department of Financial Institutions is advising users with any questions or concerns. Binance.US in Washington’s suspension of support is now the eighth time the…
With the cryptocurrency market sentiment turning bullish and leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) posting solid gains in the past 24 hours, the race to new all-time highs has begun. Bitcoin added 6.06% to its value the previous day, propelling it above the $70,000 threshold for the first time in over a month. Due to the short squeeze, experts believe the new all-time high for the flagship crypto is approaching, as traders who had bet against Bitcoin are forced to buy back their positions, further driving up the price. In the past 24 hours, a sudden decrease in the…
Bybit, one of the world’s top three crypto exchanges by volume, has announced its inaugural Ethereum (ETH) Masterclass, as per the latest updates shared with Finbold on June 26. The free masterclass, tailored for both seasoned crypto investors and newcomers, will delve into decentralized finance (DeFi) opportunities and the potential of ETH in driving the next bull run. Ethereum ETFs Rumors of Ethereum exchange-traded funds (ETFs) potentially gaining approval in the US have recently created a lot of buzz in the crypto market, leading to a week-long rally and setting the stage for Bybit’s livestream event. Despite the ETFs not…
Ripple’s Chief Technology Officer (CTO), David Schwartz, addresses a persistent misconception within the crypto community regarding the company’s potential move away from its affiliated token, XRP. This speculation has been making rounds in the XRP community in recent times. However, the rumor about Ripple abandoning XRP gained steam after an X user, Aspen Signals, called attention to a quote on Schwartz’s cover photo on the social media platform. The quote sheds light on a scrappy financial startup’s struggle against betrayal and corruption as they endeavor to roll out instant payments to the public. Since the move to challenge the status…
Crypto entities may have misinterpreted MiCa’s deadline to make sustainability disclosures, despite a clarification, according to Crypto Risk Metrics. Crypto’s environmental impact, particularly through mining operations, has been a major concern surrounding the industry. Several crypto asset service providers (CASPS) in the European Union (EU) may not know the correct deadline to make sustainability disclosures reflecting their environmental footprint despite a clarification made by the bloc’s securities regulator, the European Securities and Markets Authority (ESMA). In general “we have the feeling that more than 80% of crypto asset service providers are not yet aware they need to report ESG-data (environmental,…
B3, the Brazilian stock exchange, is considering extending its native cryptocurrency trading options to offer ether futures contracts to its customers. The exchange, which has been a pioneer in Latam offering crypto-related trading products, would be focusing on institutional investors who want to diversify their traditional or crypto portfolios with more options. Brazilian Stock Exchange B3 Considers Launching Ether Futures and Bitcoin Options Brazilian investors and institutions are also looking for crypto-linked products to invest in. B3, the Brazilian stock exchange, is studying the possibility of extending its native cryptocurrency-linked portfolio options for institutional investors. According to local media, B3’s…
Bitcoin (BTC) experienced a dramatic market shift as its total liquidations surged to $97.06 million, driven by $10.98 million in long positions and a staggering $85.08 million in short positions being wiped out. The sudden price increase caused over $260 million in market-wide short liquidations on May 20, the largest since February 28th. Ethereum (ETH) shorts lost over $115 million, followed by Bitcoin shorts at just over $97 million, according to data from Coinglass. This upheaval occurred as Bitcoin’s price surged around 5% in the past 24 hours, reaching $71,078.15. The cryptocurrency’s 24-hour trading volume also skyrocketed by 138%, valued…
Florida Republican Matt Gaetz introduced a bill on Tuesday to allow federal income taxes to be paid using Bitcoin (BTC). The proposed legislation requires the U.S. Secretary of the Treasury to establish a program facilitating tax payments in BTC. As of now, only Colorado permits the use of cryptocurrency for paying taxes. The announcement did not pass by the crypto community unnoticed. Billy Markus, co-creator of Dogecoin and known as Shibetoshi Nakamoto, expressed his support for the idea, stating a preference for paying taxes with Ethereum (ETH) instead of converting it to cash. This viewpoint highlights a roiling demand to…