Author: NBTC
If there’s any obvious winner among the top 10 crypto assets following Donald Trump’s secured his resounding election victory, it appears to be bitcoin. The price of the world’s largest crypto asset rallied at key moments on Tuesday, coinciding with developments in electoral predictions. As the Associated Press, NBC, Fox, and other news sources progressively called battleground states in Trump’s favor, traders watched bitcoin rally to a series of all-time highs. The tether between bitcoin and Trump was evident on real-time charts and displayed for the entire world to see. Bitcoin’s swell also raised the tide across thousands of altcoins…
Grayscale’s recent decision to welcome back an XRP Trust continues to attract mixed reactions, with commentators like Ben Armstrong, aka BitBoy, seeing an avenue to lash Cardano (ADA). Reacting to Grayscale’s announcement, Armstrong reiterated his long-standing belief that XRP has institutional interests, whereas Cardano (ADA) “simply does not.” He views Grayscale’s reopening of the XRP Trust for daily subscriptions to accredited individual and institutional investors as confirmation of this belief. Moreover, Armstrong noted that this marks the beginning of significant developments for XRP and expressed confidence that the XRP Army will ultimately prevail. “Cardano is ‘Dead’ With No Institutional Interest”…
The FTX collapse of November 2022 continues to serve as a stark reminder of the necessity for rigorous asset monitoring. This event catalyzed a shift toward transparency, with crypto exchanges now disclosing more about their reserves and user fund management. As November 6th marks two years since the collapse, only Bitfinex and Binance witnessed their Bitcoin reserves grow out of the major exchanges. Major Exchanges Ramp Up PoR Efforts According to the latest report by CryptoQuant, of the major exchanges, Coinbase remains the only one without a public Proof-of-Reserve (PoR) report, while others, like Binance, have adopted comprehensive transparency practices.…
Private market exchange ADDX, Australia and New Zealand Banking Group (ANZ), and Chainlink have launched an innovative solution for cross-border transactions involving tokenized commercial papers, according to a Nov. 6 statement. The project utilizes ADDX’s investment platform, ANZ’s Digital Asset Services, and Chainlink’s Cross-Chain Interoperability Protocol (CCIP) with its Private Transactions functionality. It was designed to enable regulatory-compliant digital asset transactions, allowing financial entities to tokenize and conduct these transactions within their existing frameworks. Commercial paper was chosen for this pilot due to its short-term nature, allowing the entire asset lifecycle — issuance, subscription, settlement, and redemption — to be…
A crypto whale has steadily accumulated 11,658 BTC, valued at approximately $780.5 million. This accumulation began on March 14, with an average acquisition price of $66,953 per Bitcoin, reflecting a calculated investment approach through fluctuating market conditions. A whale has bought 11,658 $BTC($780.5M) at an average price of $66,953 since March 14.The current unrealized profit is $42.3M.Address:1L7gnfBJhK9ZwUcw2Lx93BPHmcd1tsxeTs pic.twitter.com/0qUMpYd3q0 — Lookonchain (@lookonchain) October 31, 2024 According to the stats, the accumulated Bitcoin holdings now hold an unrealized profit of around $42.3 million. This profit margin underscores the success of the whale’s strategy, as Bitcoin’s current value has appreciated from their average…
Investors who have plugged money into cryptocurrency-related companies—some of which are considered proxies for Bitcoin and other top assets—are having a field day with many of the top stocks surging following Donald Trump’s projected win of a second term in the White House. The Nasdaq-listed Coinbase (COIN), which is America’s biggest crypto exchange, is up over 31% so far today, trading for $255 per share. The San Francisco-based exchange—which went public back in 2022—allows customers to buy and sell Bitcoin, Ethereum, and a number of other major coins and tokens and is a favorite for investors wanting overall exposure to…
The market cap of TRON’s meme coins has climbed to $594 million, marking a 17.3% rise within just 24 hours. Notably, this growth follows a recent announcement by TRON founder Justin Sun, who hinted that the market might continue its upward trajectory. TRON community members are closely watching for signs of further growth following Sun’s comments, which suggest that TRON’s meme market could reach $1 billion. I heard that Tron meme is going to reach $1 billion. — H.E. Justin Sun🌞(hiring) (@justinsuntron) September 12, 2024 The idea has been met with enthusiasm, and many community members are now speculating on…
Binance Futures has announced that it will add new USDⓈ-M Perpetual contracts to its copy trading platform specifically for the POPCATUSDT and MEWUSDT pairs today. This announcement effective from November 5, 9:00 UTC is designed to give Binance users more trading options through their copy trading feature. By introducing these two contracts Binance futures will provide traders a greater opportunity to diversify their strategies, particularly in the copy trading arena. This addition highlights Binance’s ongoing effort to diversify its product range based on the versatile needs of the crypto community. The new POPCATUSDT and MEWUSDT perpetual contracts join a variety…
At the Singapore FinTech Festival 2024, Deutsche Bank, along with Memento Blockchain, Interop Labs, and Axelar, revealed key updates on Project DAMA 2. This initiative is part of the Monetary Authority of Singapore’s Project Guardian. This news was shared through Axelar X account. With tokenized assets and multichain interoperability in asset servicing, the project explores the potential of blockchain in financial space. 🔔 Project DAMA 2 has been unveiled as part of @MAS_sg Project Guardian initiative, revealing key components provided by @Memento_Bc + Axelar in a tokenized-assets pilot led by @deutschebank.The implementation connects components built on Avalanche, Stellar and zkSync…
A widely followed crypto analyst believes that Bitcoin (BTC) is gearing up for a breakout despite dipping into the $69,000 range earlier this week. Pseudonymous crypto trader Kaleo tells his 655,200 followers on the social media platform X that Bitcoin may be repeating a similar 2020 pattern and is still on track to print new all-time highs (ATHs). “When Bitcoin retested its previous ATH near $20,000 in late 2020, it didn’t immediately rip past it. It initially pulled back on a quick wick nearly 20% (Thanksgiving 2020 was a Black Friday sale, especially for alts), and accumulated in a range…