Author: NBTC
The International Organization of Securities Commissions (IOSCO) is calling for enhanced investor education efforts around digital currencies as retail interest continues to grow despite well-reported risks, volatility (and fraud) in the sector. In a new report released last week, the IOSCO Committee on Retail Investors highlighted the need for targeted digital currency education initiatives, especially for younger and novice investors who are increasingly drawn to get-rich-quick schemes and eye-watering returns promised by digital assets. The report comes as digital currency markets have experienced extreme price swings over the past two years, from all-time highs in late 2021 to steep declines…
Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has slowed, the stablecoin market keeps inching upward every week. On Sept. 7, the fiat-backed crypto market was valued at $170.80 billion, and by Sunday, Sept. 15, it had climbed to $172.19 billion. Out of the $1.39 billion increase in the past week, USDT’s supply alone contributed 43.96%. Meanwhile, Circle’s USDC accounted for 24.46%, or $340 million, of that week’s…
Tron’s Founder, Justin Sun is the latest to join the listing fee war between crypto exchanges, Coinbase and Binance. Sun shared that Coinbase had asked for 500 million TRX (worth $80 million) and deposit of $250 million in Bitcoin in Coinbase Custody but Binance did not charge a listing fee. Justin Sun shared Coinbase’ Brian Armstrong post on X about ‘free listing’, along with his claims and added that the Bitcoin in Coinbase Custody was apparently “to boost their performance”. He further refuted Armstrong’s claim by adding, “Lots of respect. But this is simply not true”. Crypto Twitter is abuzz…
Cryptocurrency analytics firm QCP Capital has released its latest market analysis, which includes insights into recent economic data and its impact on crypto and traditional financial markets. According to QCP Capital, Thursday’s Core PCE (Personal Consumption Expenditures) data came in slightly ahead of expectations at 2.7% YoY, compared to a 2.6% estimate. Meanwhile, Friday’s Nonfarm Payrolls (NFP) data surprised to the downside, with just 12,000 jobs added, compared to expectations of 110,000. This led to a recovery in the US Dollar Index (DXY), pushing it to 104. Despite the weak jobs data, the US unemployment rate remained steady at 4.1%…
A hot new debate has emerged in the crypto community regarding alleged listing fees on centralized exchanges – specifically Binance and Coinbase. It all began with one of the venture capitalists sharing the details of a conversation with a high-end project that reportedly received a listing offer requesting 15% of the project’s total token supply, an amount potentially worth up to $100 million. The venture capitalist claimed that such demands are unaffordable for most projects and are the main reason why prices go down after listings. Coinbase CEO Brian Armstrong responded, highlighting that Coinbase listings are free, inviting projects to…
German telecom giant Deutsche Telekom has partnered with Germany’s oldest bank, Bankhaus Metzler, to launch a pilot project testing Bitcoin mining infrastructure powered by surplus renewable energy. The initiative aims to utilize excess electricity from renewable sources that would otherwise remain unused due to grid limitations or insufficient storage options. Per the announcement on Monday, Nov. 4, increasing renewable energy production presents challenges in stabilizing the energy grid, as irregular production peaks occur depending on weather conditions. Deutsche Telekom understands that Bitcoin mining could be crucial in balancing supply and demand within the grid. This method has already been successful…
Bitcoin, the first and largest cryptocurrency by market capitalization, attempted to reach $70,000 during today’s trading session, but bulls have yet to succeed. BTC barely reached an intraday high of $69,891 in early Saturday trade. At the time of writing, BTC has fallen 2.28% in the previous 24 hours to $69,373, extending profit-taking from Tuesday’s high of $73,600. If today concludes in losses, BTC will have traded in the red for the fourth day in a row since reaching this high. @Crypto_TownHall Current Bitcoin Chart pic.twitter.com/afuohAWbVF — Peter Brandt (@PeterLBrandt) November 1, 2024 As the market considers Bitcoin’s next move,…
South Korea’s crypto market skyrocketed in the first half of 2024, with 7.8 million investors and daily trading volumes rising by 67% to $4.4 billion. Korea’s crypto market has seen a significant expansion in the first half of 2024, driven by a surge in Bitcoin (BTC) prices and growing investor interest. The number of crypto investors in South Korea rose to 7.8 million, up 21% from 6.45 million in the second half of 2023, South Korean daily newspaper Hankook Ilbo reports, citing data from the Financial Intelligence Unit of the Financial Services Commission. Daily trading volumes also skyrocketed, climbing 67%…
Victory Securities will be the first licensed Hong Kong crypto broker to launch cash-settled virtual asset structured products to professional investors. In a press release published on Nov. 4, Victory Securities announced its plans to launch virtual asset structured products for professional investors by the end of this year. The firm received approval from the Securities and Futures Commission to promote and sell cash-settled virtual asset structured products to investors, making Victory the first licensed broker in Hong Kong to offer such products. Virtual asset structured products grant investors the possibility to achieve higher returns, depending on specific market conditions.…
MARA Holdings (NASDAQ: MARA), the publicly listed Bitcoin miner from Wall Street, reported mining 717 BTC in October, marking its strongest monthly production since April’s halving event. The crypto mining giant continues expanding its operations toward year-end targets. The company’s energized hashrate reached 40.2 exahashes per second (EH/s) last month, representing a 14% increase from September levels. Despite winning slightly fewer blocks due to rising network difficulty, overall bitcoin production grew 2% month-over-month. Fred Thiel, CEO, MARA, Source: LinkedIn “Despite a slight month-over-month decrease in block wins, driven by the growth in global hash rate and the resulting rise in…