Author: NBTC
In recent weeks, Binance and Robinhood observed a modest influx of approximately 1,302 BTC or $88 million in bitcoin, with Robinhood acquiring the majority of these assets. Conversely, Coinbase experienced a noticeable decrease in its bitcoin reserves, witnessing an outflow of 40,406 BTC valued at $2.7 billion in the past two months. Coinbase, Binance, and Robinhood See Shifting Bitcoin Reserves Over 60 Days The last 60 days have seen significant fluctuations in bitcoin’s value, peaking at $72,756 on April 7 and dropping to a low of $56,500 by May 1. Currently, bitcoin’s value in U.S. dollars hovers between $67,000 and…
GameStop shares rose—then fell—in after-hours trading Thursday as Keith Gill, better known online as Roaring Kitty, flashed his holdings in the video game retailer again on Reddit. This time, however, the meme stock influencer showed holdings of an additional 5 million GameStop shares compared to his previous “YOLO update” on Monday. It appeared that Gill may have sold or exercised his much-celebrated $20 call options in GameStop, previously worth $82 million. Posting to the Reddit community Superstonk under his DeepFuckingValue account, Gill’s latest update also showed a reduction of cash on-hand. That figure fell to $6.3 million from $29 million…
Telegram-based crypto gaming sensation Hamster Kombat claimed on Friday that it now has a player base larger than the population of Russia—over 150 million players. That growth constitutes a 50% surge from just last week, when the game’s developers said they crossed the 100 million user mark. For some context, that would mean that almost one in five Telegram users have signed up for the game, which incentivizes players to grow a hamster’s imaginary crypto exchange by dangling real crypto rewards. Those rewards will come in the form of an eventual token airdrop to players who have accumulated points within…
Crypto billionaires have amassed a $160 million war chest to back US candidates favoring minimal regulation, influencing Senate races. Senators Sherrod Brown and Jon Tester are key targets due to their crypto skepticism, making them vulnerable in pro-Trump states. The crypto industry’s significant political funding reflects its evolved clout despite recent scandals, focusing on reducing SEC oversight. Crypto billionaires and their allies have accumulated a $160 million war chest to support US candidates favoring minimal regulation of the cryptocurrency industry. This substantial sum positions the crypto sector as a major force in federal campaign finance. The funds could significantly impact…
Binance head Richard Teng says the exchange is in “close touch” with its customers regarding the bankruptcy of FlowBank, which stored the exchange’s clients trading collateral. Cryptocurrency exchange Binance seems unaffected by FlowBank‘s bankruptcy, following the Swiss regulator’s announcement on Jun. 13 that the bank had “significantly and seriously breached” its minimum capital requirements. In an interview with Bloomberg, Binance chief executive Richard Teng reassured that the exchange is cooperating with its customers regarding the bankruptcy, noting that “very little” assets were held at FlowBank. “There’s very little assets on FlowBank on the tripartite arrangement front.” Richard Teng Launched in…
Bitcoin (BTC) declined by 0.70% in the past 24H, trading at $67,626. The daily RSI is at 52, indicating neutral sentiment in the market. Bitcoin (BTC), the leading cryptocurrency by market cap, hit close to its all-time high last month, fluctuating between $58,000 and $71,000. Currently trading at $67,668, BTC is struggling to break past the $68,000 mark amid a recent decline. In the past 24 hours, BTC prices have dropped by 1.05%, with trading volume down 7.69% to $23.43 billion. This bearish trend may be attributed to President Biden’s veto of Congress’s crypto custody bill, aimed at repealing SAB…
Project mBridge is one of the many exciting projects launched by the Bank for International Settlements (BIS), which announced that it had entered the Minimum Viable Product (MVP) stage. Developed by the BIS in conjunction with the central banks of China, Hong Kong, the United Arab Emirates and Thailand, Project mBridge will utilize tokenized central bank digital currencies (CBDCs) to enable cross-border atomic settlement. Now that Project mBridge is in the MVP stage, the Central Bank of Saudi Arabia has become the fifth member to join. Each central bank runs a node on the network, which runs on an Ethereum-compatible…
Polygon’s native token, MATIC, has experienced a notable disparity compared to the broader cryptocurrency market. Unlike the top cryptocurrencies that have posted double-digit gains year-to-date, MATIC has failed to post positive performance across all time frames since the 2021 bull run. Adding to the concern, MATIC’s price has recorded losses amounting to 16.5% over the past seven days. This downward trend has prompted the token to test a crucial macro support level, raising questions about its future trajectory. Amid these developments, Polygon has announced a strategic partnership with Aragon, a developer of decentralized autonomous organizations, to introduce a “governance hub”…
According to a breaking development, cryptocurrency exchange Gemini has agreed to pay $50 million to settle a New York fraud case. New York Attorney General Letitia James announced today that the state is recovering $50 million as part of a settlement agreement with cryptocurrency exchange Gemini. Recovered funds will be returned to Gemini Earn customers involved in a multi-firm bankruptcy process. Gemini has agreed to cooperate in a massive $3 billion fraud lawsuit against former partners Digital Currency Group (DCG), DCG founder and chairman Barry Silbert, and former chairman of the now-defunct Genesis, Soichiro “Michael” Moro. The lawsuit filed against…
India’s financial watchdog, the Financial Intelligence Unit (FIU), has received new petitions from offshore cryptocurrency exchanges seeking to resume operations in India. According to a June 14 report from local news outlet Business Standard, a senior government official told the outlet that four additional crypto exchanges have requested permission to begin operations once again in India. The fresh request comes after global crypto exchanges Binance and KuCoin were approved by the financial regulator to restart their operations in India. Both of the exchanges had been previously banned for operating illegally against anti-money laundering policies in India. KuCoin has resolved the…