Author: NBTC

The key idea regarding cryptocurrencies is that waiting might pay off sometimes, but sometimes it is not. Recently, a trader came into the limelight of the crypto community as he gained millions of gains on BTC, but in ETH, he lost an almost similar amount. This trader showed that long-position investment in cryptos has gains and losses depending on the adopted strategies. What a patient trader!He bought 568.5 $BTC($23.55M) at $41,420 on April 11, 2022, and then $BTC plummeted into a bear market.This trader was very patient and waited for $BTC to rise, and the current profit is $14.2M!However, the…

Citi and Fidelity have developed a proof-of-concept for a digital foreign exchange swap in an onchain money-market fund. The two firms have developed the proof-of-concept under the MAS’ Project Guardian. Traditional financial (TradFi) powerhouses Citi (C) and Fidelity have developed a proof-of-concept for a digital foreign exchange (FX) swap in an onchain money-market fund (MMF). The proof-of-concept, which will be exhibited at the Singapore Fintech Festival from Nov. 6-8, demonstrates how investors could settle multi-asset positions in real-time. It could also allow them to access higher yields on foreign cash funds through. For example, allowing them to diversify their portfolios…

The introduction of T-Fund to support and invest in projects within the Toncoin ecosystem has stirred TON holders and traders. The new fund will accelerate blockchain developments by supporting visionary founders. Could this development rescue TON from the bearishness that has engulfed it since the downside that emerged after Telegram’s latest legal battle? The TON network has seen substantial growth in the previous few months, fueled by the launch of user-engaging projects. Meanwhile, recent additions such as Dogs and Notcoin overwhelmed the blockchain with massive users, calling for enhanced scalability. T-Fund will address that by supporting new projects in the…

Former SEC official John Reed Stark believes that the U.S. Securities and Exchange Commission is “done.” “FYI, stick a fork in the SEC, it’s done,” he said. According to Stark, the SEC is not going to bring virtually any cases against the cryptocurrency industry in the coming years. Meanwhile, Stuart Alderoty, Ripple’s chief legal officer, has urged Gensler to step down voluntarily: “Gensler and his anti-crypto minions should voluntarily stand down, or as John explains, the SEC’s new Chair (when appointed) will use the agency’s internal mechanisms to remove them,” he said. Gensler, who has been vilified by the cryptocurrency…

Mastercard’s Pay Local is set to transform digital payments globally, connecting 2 billion users with 35 million merchants. Mastercard Pay Local Unlocks Global Reach: 2 Billion Users, 35 Million Merchants Payment giant Mastercard announced on Monday the launch of Pay Local, a global service designed to expand the reach of digital wallets by providing access to Mastercard’s 2 billion cardholders. This service enables users to link their credit or debit cards directly to a local digital wallet, bypassing the need for prepaid accounts and offering greater payment flexibility for both consumers and tourists. Mastercard elaborated on the offering: With Mastercard…

On Halloween night in 2008, Satoshi Nakamoto unveiled the Bitcoin white paper, marking a seismic shift in the world of finance and technology. The Significance of Halloween 2008 in Bitcoin’s Origin Story In 2008, on Halloween, an anonymous figure known only as Satoshi Nakamoto introduced a groundbreaking concept that would alter the course of financial history. With the release of the “Bitcoin: A Peer-to-Peer Electronic Cash System” white paper, Nakamoto laid out the framework for a decentralized, trustless financial system. Sixteen years later, Bitcoin has cemented itself as a global economic force. But why did Nakamoto choose Oct. 31, 2008,…

The California Department of Financial Protection and Innovation (DFPI) has now permanently revoked the license of bankrupt crypto lender BlockFi, two years after initially suspending it. An Array of Violations Announced yesterday (Friday), the state regulator disclosed that BlockFi has agreed to settle by accepting the license revocation. The bankrupt company further agreed to cease any practices that violated regulations or posed risks to consumers. According to the DFPI’s latest report, BlockFi breached license conditions by failing to evaluate borrowers’ repayment ability and by charging interest before loan proceeds were disbursed. Additionally, the platform did not provide credit counselling to…

Binance, the world’s largest cryptocurrency exchange, started the day with altcoin announcements. Binance gave good news to XRP and Dogecoin (DOGE) users. At this point, Binance Earn announced that it has added XRP and Dogecoin (DOGE) to its smart arbitrage offerings. “Dear Binancians, Binance Earn is excited to announce the addition of XRP and DOGE to Smart Arbitrage. The minimum investment is set at 12.5 USDT. To celebrate the addition of XRP and DOGE to smart arbitrage offerings, we are running a special campaign with a total reward of 45,000 USDT. Promotion Period: 08.11.2024 at 04:00 (UTC) – 21.11.2024 at…

Prominent trader Henrik Zeberg has predicted that the price of Bitcoin, the leading cryptocurrency, could skyrocket to as much as $123,000. After completing a long consolidation phase, Bitcoin will eventually surge above its current all-time high of roughly $74,000, which was achieved back in March, according to Zeberg’s prediction. Following this breakout, Bitcoin is then expected to reach the aforementioned bullish target in less than three months due to very powerful upward momentum. The bullish target would correspond with the 1.618 Fibonacci extension level (around 114,916), according to Zeberg’s chart. Making it Simple!#BTC target 115-123K pic.twitter.com/Knm34wpYTP — Henrik Zeberg (@HenrikZeberg)…

Crypto investment products experienced inflows of $2.2 billion, pushing year-to-date totals to a record $29.2 billion. Crypto investment products drew $2.2 billion in inflows last week, bringing year-to-date inflows close to $30 billion and total assets under management above $100 billion for only the second time, matching the $102 billion level recorded in early June, according to data from CoinShares. CoinShares head of research James Butterfill attributed the recent inflows to investor sentiment surrounding the upcoming U.S. elections, saying “euphoria around the prospect of a Republican victory were the likely reason for these inflows as they were in the first…