Author: NBTC

Ray Dalio, in a recent blog post, shared some insights that might suggest that he is edging toward a bullish stance on Bitcoin. Dalio points out what makes good money: a means to trade and a place to park wealth, accepted globally. Right now, the top contenders are the dollar, euro, yen and Chinese renminbi. But here’s the thing: these are all tied to debt. That means when you are holding onto these currencies, you are actually holding onto promises of payment — debt liabilities. He highlights a simple truth: when the risk is high that debts will not be…

While many companies are applying for a spot Ethereum ETF, the time for the SEC to make a final decision on two applications is running out. At this point, the SEC has until May 23 and May 24 to decide whether to approve spot ETH ETF applications submitted by VanEck and ArkInvest/21 Shares. While analysts and investors believe the chances of the SEC approving spot ETH ETFs are slim to none, ETH option traders are also bracing for increased volatility in late May due to the strong possibility the SEC will reject ETF applications. Speaking to The Block, Wintermute OTC…

The MicroStrategy (MSTR) stock has been added to the MSCI World Index, which captures large and mid-cap companies across 23 developed markets. The company’s stock is up more than 105.44% since the start of the year, greatly outperforming Bitcoin. US companies account for more than 70% of the MSCI World Index. Japan and the UK come in second and third places, respectively (6.06% and 4%). When it comes to specific sectors, information technology is in the lead with a 23.22% slice of the pie. Financial, healthcare, and industrials are also in the lead. MicroStrategy’s market cap currently stands at $23.02…

AI tokens such as RNDR, AGIX, FET outshine bitcoin by a wide margin. NVDA rallies to a one-month high as excitement builds around the chipmaker’s impending earnings report. Native cryptocurrencies of blockchain projects supposedly using artificial intelligence (AI) have led the crypto market recovery in recent days, while shares of Nasdaq-listed chipmaker Nvidia (NVDA), the poster child for all things AI, also rallied. RNDR, the utility token of decentralized GPU-based rendering solutions, The Render Network, has surged almost 40% to $10.432 in seven days, the biggest gain among the top 100 cryptocurrencies by market value, according to data source CoinGecko.…

Alchemy Pay announces collaboration with Victory Services to boost HK Spot ETF access Hong Kong Spot ETFs struggle to bring in capital influx Alchemy Pay, announced its collaboration with Victory Securities on May 16. The Singaporean payment gateway, connecting cryptocurrency with fiat currencies, provides services in 173 countries. The collaboration is aimed at enabling investors to access Bitcoin and Ethereum Spot ETFs through the platform, stated Alchemy Pay’s press release. Victory Securities, the first STF approved firm, provides trading and advisory services for investors. The firm recently announced the launch of its virtual asset trading app, VictoryX, through which investors…

The U.S. spot ETFs lost $4.3 million in outflows on Thursday, taking the five-day tally to over $319 million. GBTC again led the outflows, while inflows into BlackRock’s IBIT continued to slow. The U.S.-based spot bitcoin (BTC) exchange-traded funds (ETFs) registered cumulative outflows of $4.3 million on Thursday, extending the four-day run of withdrawals ahead of the supposedly bullish mining reward halving. Since April 12, the ETFs have witnessed a total net outflow of over $319 million, with Grayscale’s GBTC accounting for a large share of the withdrawals, provisional data published by Farside Investors showed. For instance, on Thursday, GBTC…

Anton Peraire-Bueno and James Peraire-Bueno, two brothers who operate Ethereum validators, have been indicted in the Southern District of New York on charges of wire fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering. The charges related to a scheme that has been described as exploiting the ‘very integrity of the Ethereum Blockchain to fraudulently obtain approximately $25 million.’ The brothers allegedly worked together on a complex exploit that allowed them to take advantage of traders searching for ‘maximum extractable value’ (MEV) on Ethereum. By operating multiple Ethereum validators, the brothers were allegedly able to submit blocks…

Metaco shares exciting updates via Ripple’s website. It looks like the Ripple and Metaco partnership is stronger than ever. Ripple’s institutional-grade custody solution is the gift that keeps on giving. As Ripple continues to partner with renowned and esteemed institutes across the world, its recognition grows. Recently, the crypto payments solution announced a partnership with Metaco, an institutional digital asset custody, trading, and DeFi company. This partnership continues to be a solid strategic move for both parties. In fact, it also acts as a shining example of what Ripple brings to the table for similar services looking to upgrade their…

The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) over the classification of the XRP token has captured widespread attention in the cryptocurrency community. To shed light on this complex issue, a user on the XRP subreddit ingeniously simplified the dispute using a memorable analogy, which has resonated with many for its clarity and humor. In a Reddit discussion sparked by a user’s request for a simple explanation of the Ripple vs. SEC case, another user provided a creative and illustrative metaphor: Ripple is portrayed as a Monkey, holding what it sees as a banana.…

Binance has teamed up with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to solve a significant case involving cryptocurrency-assisted money laundering. The investigation centered around illicit funds amounting to nearly NT$200 million, equivalent to approximately $6 million, the exchange said in a press release shared with Cryptonews.com. Per the announcement, Binance’s cooperation, leveraging its Financial Crimes Compliance (FCC) Department’s expertise and intelligence sharing, played a key role in bringing the perpetrators to justice. Money Laundering for a Long Period The criminal operation had been facilitating money laundering for scam groups using virtual assets for an…