Author: NBTC
Digital prime brokerage GCEX has strengthened its partnership with institutional custodian Hex Trust, launching a new “Secured Accounts” service to provide enhanced protection for institutional digital assets in the EU and the UK markets. The new offering builds upon the firms’ three-year collaboration, integrating Hex Trust’s bank-grade custody infrastructure to deliver segregated asset storage that adheres to regulatory requirements. The service specifically targets hedge funds, asset managers, and brokers seeking institutional-grade security for their digital holdings. Lars Holst, CEO & Founder, GCEX “Our Secured Accounts service addresses a critical need for institutional clients by providing a robust mechanism for safeguarding…
A widely followed crypto analyst is issuing a Bitcoin warning after BTC‘s failed breakout and dip to the $66,000 range early Monday. In a new video update, crypto strategist Benjamin Cowen tells his 818,000 YouTube subscribers that Bitcoin is showing similarities to a 2019 correction. “If Bitcoin does start to fade, if it can’t break through this [resistance around $70,000], if it starts to fade, then it’ll start to show more of those 2019 similarities… The thing that hasn’t necessarily run its course is that when Bitcoin broke out [in 2019], we had already had 75 basis points of rate…
A major Dogecoin whale recently made two large transfers totaling over 178 million DOGE, worth approximately $31.6 million. The transactions suggest a huge DOGE accumulation. Thus, crypto analysts expect a potential surge to the $0.2 level. Dogecoin Whale Accumulates 178 Million Tokens The above-mentioned transactions by the Dogecoin whale involved 75.2 million DOGE, valued at $13.4 million, from Robinhood, a popular crypto exchange. Just before this transfer, they accumulated 103 million DOGE worth $18.3 million from Robinhood, according to Whale Alert data. This massive transfer has stirred interest within the DOGE community, as Dogecoin whale activity can often indicate upcoming…
Nexo, a premier digital assets wealth platform, dedicated to enabling users to grow, manage, and safeguard their cryptocurrency holdings, has launched the industry’s first Personal USD Accounts.— With a focus on customer success, Nexo delivers solutions that create enduring value, backed by 24/7 client support. This latest innovation allows clients in over 150 countries to access USD bank transfers directly to and from accounts in their own names. The service, which also includes EUR and GBP accounts, empowers users with unmatched multi-currency management in a single, unified platform.This development represents a major milestone in Nexo’s mission to integrate cutting-edge financial…
U.S. Customs and Border Protection, at the request of the Federal Communications Commission, has been detaining imports of Bitmain’s Antminer ASIC miners at ports nationwide for up to two months. The delays have impacted seven U.S.-based Bitcoin (BTC) mining companies without answers, according to a report from Blockspace. The detained models include the S21 and T21 series miners. CBP has not disclosed the reason for the detentions or provided a timeline for resolution. Some affected companies have reported daily holding fees exceeding $200,000. The holds do not appear to target other ASIC manufacturers, such as MicroBT or Canaan, and are…
Solana’s monthly DEX volume reached $109.8 billion in November. Daily transaction volume on Solana averages 53 million, showcasing its scalability. Solana has achieved a major milestone as its decentralized exchange (DEX) volume surpassed $100 billion in November. According to DefiLlama, Solana recorded $109.8 billion in DEX trading volume, doubling Ethereum’s $55 billion. The network also posted a remarkable 100% increase from October’s $52.5 billion, showcasing its dominance in DeFi. This growth is driven by Solana’s unmatched scalability, memecoin activity and low transaction fees fueling over $5 billion in daily trading volume. Solana processes 53 million daily transactions, far outpacing other…
The XRP Ledger helps people manage money better and opens doors for new financial strategies. Ripple is launching a stablecoin backed by US dollars to offer a safer investment option. Ongoing legal challenges highlight the importance of speculation in XRP’s value and market trends. The XRP Ledger is changing how people create wealth as its adoption rises. This digital asset signals a major shift in financial technology and may lead to the largest wealth transfer in history. As XRP gains traction, it provides people with tools to improve their financial strategies. Insights into the XRP Ledger Launched in 2012, the…
Charles Hoskinson, founder of Cardano, has expressed his support for Coinbase CEO Brian Armstrong to take on the role of Crypto-Czar at the White House. In a detailed post on social media, Hoskinson pointed out that Armstrong has been an influential figure in the cryptocurrency space. He further added that Armstrong’s ability to withstand the pressure from regulators is the major reason why he is suitable for the position. Hoskinson stressed that the U.S. government requires an impartial and informed mediator between the government and the crypto space. He noted that Armstrong has managed to steer the company clear of…
HTX, the crypto exchange advised by controversial figure Justin Sun, recently redeemed 5,182 wrapped bitcoin (WBTC) worth approximately $500 million, according to the official WBTC dashboard. This comes just over three months after Sun entered into a new joint venture with BiT Global and BitGo to manage the custody of bitcoin for WBTC. On-chain data for WBTC suggests this is the sixth-largest redemption of WBTC of all time and is the largest redemption in the last 635 days. Threshold Network delegate ‘mrsthreshold.eth.limo’ highlighted that this large redemption was processed in only a few hours, whereas other recent smaller redemptions often…
When Hut 8 CEO Asher Genoot dropped a poll on X (formerly Twitter), he got a response that even Bitcoin maxis would envy. “Hut 8 already holds 9,100 Bitcoin on our balance sheet. Should we increase our Bitcoin reserves?” he asked. The results? A resounding 93.7% yelled “yes.” Just 2.8% opted to hold steady, while 3.6% went rogue and voted to sell for cash. A mining giant’s roots Launched in 2017, the company immediately set its sights on large-scale mining. By March of that year, they inked a $100 million electricity deal to power a mining facility in Medicine Hat,…