Author: NBTC
Gifto faces backlash following its recent move to mint and dump GFT tokens into the market. On November 26, Binance announced that it would delist the GFT/USDT trading pair on December 10, 2024. The delisting, part of Binance’s broader decision to remove eight altcoin spot trading pairs, has already sent shockwaves through the market. Gifto’s Controversial GFT Token Dump The immediate aftermath of the Binance’s delisting announcement on Tuesday was swift and severe. In what could only be ascribed to a sharp decline in investor confidence, the GFT token’s price dropped by approximately 25%. Expectedly, delistings from major exchanges like…
A fellow at crypto think tank Coin Center filed suit against U.S. Attorney General Merrick Garland on Thursday, seeking a judge’s guarantee that the Department of Justice (DOJ) will not be able to prosecute his forthcoming crypto project for violating money transmitting laws in the future. The lawsuit, filled by blockchain entrepreneur Michael Lewellen, claims that the Department of Justice’s (DOJ) criminal prosecution of software developers who publish noncustodial cryptocurrency software – including the ongoing prosecutions of Tornado Cash developer Roman Storm and Samourai Wallet co-founder Keonne Rodriguez – is unconstitutional, and violates the First and Fifth Amendments. In addition…
The world’s largest cryptocurrency exchange Binance continues its delisting announcements. At this point, Binance, which first announced that it had delisted the altcoin REEF from futures, made a delisting announcement for 12 more trading pairs. Accordingly, Binance announced that it has delisted the following spot trading pairs: “BNX/BTC, CATI/BNB, CATI/BRL, CHZ/FDUSD, DOGS/BNB, GTC/BTC, HIGH/BTC, LISTA/BRL, NOT/BRL, PIXEL/BTC, TKO/BTC, TWT/BTC”. “To protect users and maintain a high-quality trading market, Binance periodically reviews all listed spot trading pairs and may delist certain spot trading pairs due to various factors such as poor liquidity and trading volume. Based on our latest reviews, Binance…
Bitcoin (BTC) continues to record massive capital inflow and investor interest, bringing the maiden cryptocurrency inches close to attaining the $100,000 per coin milestone. Amid this growth, Bitcoin and the broader crypto market have faced opposition over the years, mainly due to their interaction with the traditional finance sector. One notable instance of opposition came from former United States Secretary of State Hillary Clinton, who, on November 18, 2021, warned about cryptocurrency’s potential to destabilize nations and undermine traditional currencies. “One more area that I hope nation states start paying greater attention to is the rise of cryptocurrency — because…
ETH/BTC hits key support, signaling potential for a strong Ethereum comeback. Ignoring Ethereum now could mean missing out on significant future gains. Despite challenges, Ethereum’s history and momentum suggest a rally may be near. Ethereum, the second-largest cryptocurrency by market cap, has been under immense pressure recently. Over the last six weeks, it has dropped 18% against Bitcoin. However, crypto analyst Merlijn argues that it’s too early to write off Ethereum’s potential, as history shows it could make a strong comeback. ETH/BTC Pair Shows Key Support Zone According to crypto trader Merlijin The Trader, the ETH/BTC chart reveals a consistent…
How will inflation, strong jobs data, and rising Treasury yields shape the Fed’s upcoming rate decision? The Federal Reserve’s Jan. 29 meeting looms large as markets eagerly await clarity on interest rate policy. With a 97.3% probability that rates will remain steady at 4.25%-4.5%, according to market forecasts, and just a slim 2.7% chance of a 25 bps cut, the Fed’s decision is increasingly tied to incoming data. Chair Jerome Powell clarified in the December meeting that future rate cuts would hinge on economic indicators—a point reinforced by the central bank’s gradual shift, with three recent rate cuts of 50…
Solana’s ecosystem has shown remarkable resilience and growth, setting itself apart from Ethereum in key metrics. Ryan Watkins, Co-Founder of SyncracyCapital, notes that 74% of venture capital in Solana targets applications, compared to 40% for Ethereum; the difference highlighting Solana’s commitment to practical uses. Additionally, Solana has demonstrated strong price performance, closely tracking Ethereum while exhibiting greater stability. These trends explain why Solana continues to gain traction and solidify its place in the blockchain market. 74% of venture capital in the Solana ecosystem goes to applications vs 40% in Ethereum.One of the best leading indicators for why Solana will likely…
According to a report published by Unchained, US President Donald Trump reportedly criticized Ripple, the blockchain company behind XRP, for its financial support to Vice President Kamala Harris during the election period. Citing an article published by Axios on Wednesday, the report detailed Trump’s comments during a meeting with representatives of an unnamed company. Trump allegedly said, “You made this much money last year and you’re going to make a lot more now because of me… But where were you when I needed you? You weren’t with me and maybe you were with Kamala Harris.” Two sources told Unchained that…
Backpack Exchange has acquired FTX EU, the former European arm of FTX. With the acquisition, Backpack’s new EU arm will offer a full suite of crypto derivatives throughout the European Union including perpetual futures. As part of the acquisition, Backpack EU will undertake responsibility for distributing the previously court-approved FTX bankruptcy claims to FTX EU customers. In addition to compliant product offerings, Backpack EU will provide seamless integration with traditional payment rails including instant, low-cost Single Euro Payments Area (SEPA) payments and wire transfers in major currencies across the region. What is Backpack Exchange? Backpack Exchange is a regulated global…
Wall Street sees a potential 20% upside in MicroStrategy stock, citing its crypto-driven strategy. As reported by Seek Alpha on Jan. 13, Brett Knoblauch, who is the Head of Crypto and Digital Assets Research at Cantor Fitzgerald, said that he believes the MicroStrategy (MSTR) stocks would reach $613. Currently, the average price of MSTR on Wall Street sits at $518. If MSTR reaches $613, its stock prices would boost up roughly 20%. Cantor Fitzgerald just boosted their price target on $MSTR from $518 to $613. 👀 Getting a little cliche to say Trump insiders know something, but I like the…