Author: NBTC
An unusual mystical transfer of tens of millions of Dogecoin (DOGE) tokens took place today on the world’s largest crypto exchange, Binance. Thus, according to a report by Whale Alert, 176.64 million DOGE, worth more than $25.05 million, were transferred to Binance today, Oct. 20. The transfer was made from an address with the code “DD1h9.” This wallet is not new and has an extensive transaction history. There is not much DOGE left on it now, but all over the time almost 15.54 billion coins have passed through the wallet, equivalent to $2.16 billion at current prices. So we can…
The U.S. Securities and Exchange Commission (SEC), led by outgoing Chairman Gary Gensler, is reportedly preparing to reject multiple applications for Solana spot ETFs, potentially deferring their approval to the incoming administration under President-elect Donald Trump. Fox Business journalist Eleanor Terrett revealed that at least two of the five potential issuers have been notified of the SEC’s potential rejection. Sources suggest the regulator is unwilling to approve any new cryptocurrency ETFs in the final months of the Biden administration. Bloomberg Intelligence analyst Eric Balchunas called Gensler’s stance a “parting gift” to the crypto industry. Another Bloomberg Intelligence analyst, James Seyffart,…
The Bitcoin ongoing rebound, reclaiming the $62,000 price mark once again today, has sparked renewed optimism in the cryptocurrency community. According to a recent analysis by CryptoQuant analyst Crypto Dan, the current market is still amid a bull cycle, with promising long-term prospects for Bitcoin holders. While the market has faced some short-term turbulence, key indicators suggest that more gains may be on the horizon. Bull Run Is Still In Progress Crypto Dan’s insights, shared on the CryptoQuant QuickTake platform, highlight how Bitcoin’s current movement mirrors patterns seen in previous bull cycles. Specifically, Dan noted that long-term investors realized profits…
Main Takeaways Binance On-Chain Yields lets you earn rewards from decentralized protocols without the need for complex setups or technical expertise. The first offering allowed users to stake BTC via the Babylon Protocol and earn Babylon Points with ease. Stay tuned for updates on new quotas and offerings! Enjoy high-yield opportunities, seamless integration, and flexible redemptions directly through your Binance account. This is a general announcement. Products and services referred to here may not be available in your region. Web3 offers boundless opportunities for earning and exploring decentralized protocols, but for many, the complexities of on-chain setups can be overwhelming.…
Unusual trading activity has been detected on South Korea’s largest cryptocurrency exchange Upbit, particularly in altcoins such as Bitcoin Gold (BTG), Aave (AAVE), Theta Network (THETA), Pyth Network (PYTH), and Tezos (XTZ). On the 1-hour chart, Bitcoin Gold saw a significant increase in trading volume on Upbit. The average volume over the last 50 hours was $4,000, while the latest hourly increase was $13,000, representing a 217.26% increase. On Binance, the trend reversed, with volume dropping by 28.60% from $27,000 to $19,000. Aave saw a 225.80% increase in volume on Upbit, rising from an average of $419 to $1,000 in…
The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against individuals and entities linked to a Russian money laundering network that used Tether (USDT) and other cryptocurrencies to facilitate illicit transactions. The sanctions, part of a joint effort with the United Kingdom and the United Arab Emirates, aim to dismantle the network’s activities. The network, allegedly operated by Ukrainian national George Rossi, was centered around the TGR Group, which reportedly provided services such as cash-to-crypto exchanges, prepaid card solutions, and assistance for Russian citizens to acquire property in the UK. OFAC has imposed…
On Dec 11, the U.S. Senate Banking Committee will decide whether to renominate Caroline Crenshaw, a Democrat Securities and Exchange Commission (SEC) commissioner. Crenshaw has always been a staunch critic of cryptocurrencies and the crypto community is not happy with the prospect of her re-election. Crenshaw is ‘anti-crypto,’ says Coinbase COO Crenshaw, who was sworn into her role in August 2020, was one of two SEC commissioners who opposed the approval of spot Bitcoin exchange-traded funds (ETFs) in January. In her letter dissenting from the SEC’s decision, which Crenshaw called “unsound and ahistorical,” she wrote: “I fear that today we…
Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) as the flagship crypto asset breaks out from a bullish reversal structure. In a video update, Svenson tells his 79,800 YouTube subscribers that Bitcoin appears to have formed a falling wedge pattern on the four-hour chart. A falling wedge formation is a bullish reversal pattern suggesting that a leg up is in sight amid declining seller momentum. According to Svenson, the completion of the falling wedge pattern could mark a local bottom for Bitcoin. “As long as the stock market remains stable, I think Bitcoin should be near completion…
The Central Bank of Iran (CBI) has approved a regulatory framework for the cryptocurrency industry in the country. According to sources, the bank’s approval of the ‘Policy and Regulatory Framework for Cryptocurrencies’ puts it in the role of the industry’s regulator in the country, with the responsibility of regulating and balancing its oversight with economic development. The framework details providing licenses to brokers and crypto custodians, which will be overseen by the CBI. The bank will also ensure that these firms follow anti-money laundering (AML), crypto tax, and counter-terrorism financing (CTF) laws. According to the CBI’s governor, Mohammadreza Farzin, the…
Analysts at QCP Capital are optimistic about a potential “Uptober” rally for Bitcoin, provided that Bitcoin can stay above the critical $60,000 support level. Analysts voiced their views as U.S. stock markets surged and the S&P 500 hit a new high. QCP Capital analysts added: “US stocks are on the rise with the S&P 500 making a new high, but the same level of optimism is yet to be seen in crypto. However, we are hopeful for an ‘Uptober’ rally as long as the key $60,000 support level remains intact.” In early trading today, the Dow Jones Industrial Average was…