Author: NBTC
CMC Markets (LON: CMCX), known for its CFD offerings, has written off its £2.8 million investment in Strike X, a customer-centric blockchain solutions business it acquired in June 2023. CMC’s Failed Entry into Blockchain The London-headquartered CFDs broker holds a 33% stake in Strike X Technologies, which, at the time of the investment, marked its entrance into the blockchain space. However, the broker has now concluded that the investment amount is not recoverable, writing off the full carrying value. Lord Cruddas, CMC Markets Chief Executive and Founder, Source: CMC The broker also noted that Strike X is actively seeking third-party…
VeChain (VET) has unveiled VePassport – a system designed to use several modules to filter real wallets from bots during voting. Using the proof of investment module, legitimate wallets would be determined by those that hold a GM NFT with a level of more than one. VeChain (VET) has officially announced the launch of VePassport on VeBetterDAO to advance the fight against Sybil attacks and secure its environment while making the ecosystem more transparent and sustainable. #VeChain has introduced #VePassport on #VeBetterDAO—a powerful “Proof of Personhood” solution for fairer, Sybil-resistant decentralized governance. With features like participation tracking, equity proof, and…
The transition team of President-elect Donald Trump is reportedly discussing creating a new role within the White House dedicated exclusively to cryptocurrency policy. The discussions come as Trump prepares to take office, with industry leaders engaging in meetings to shape the potential role. A Groundbreaking Initiative in Cryptocurrency Policy If established, this groundbreaking position would mark the first-ever crypto-specific post at the federal level, as noted by the industry enthusiast Crypto Mutant via the X platform to his 98,000 followers. This move will signify the growing influence of the digital asset industry in shaping government regulations and policy. https://x.com/CryptoMutant/status/1859443580559032575 Reports…
Bitcoin’s (BTC) path toward $70,000 has seemingly stalled, with analysts identifying conditions the digital asset must meet or risk witnessing dominance by bears. The asset is undergoing a short-term correction and faces a crucial technical test as it trades close to a major resistance zone formed by its all-time high trendline following a period of volatility and consolidation, according to an analysis by TrendSpider on October 22. The analysts agreed that Bitcoin’s path from the current levels is straightforward, where the asset must convert this long-standing resistance zone of $70,000 into a support level. Notably, Bitcoin has faced multiple rejection…
Ethereum price started a fresh increase above the $3,220 zone. ETH is rising and aiming for more gains above the $3,350 resistance. Ethereum started a fresh increase above the $3,220 and $3,300 levels. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $3,385 resistance zone. Ethereum Price Regains Traction Ethereum price remained supported above $3,000 and started a fresh increase like Bitcoin. ETH gained pace for…
India’s economy is juggling two realities: a sluggish manufacturing sector and booming growth in services and crypto. November’s numbers are out, and they tell a story of highs and lows that reflect the country’s complex economic situation. Manufacturing slowed, services soared, and crypto continues to dominate despite regulatory crackdowns and heavy taxation. The manufacturing purchasing managers’ index (PMI) fell slightly to 57.3 from October’s 57.5. In contrast, the services index rose to 59.2 from 58.5, according to preliminary data from HSBC Holdings. Together, they nudged the composite index up to 59.5, a minor increase from 59.1. A PMI above 50…
Hong Kong-based stablecoin issuer First Digital Trust said Thursday it is expanding its FDUSD token to the Solana network. First Digital USD (FDUSD), the fourth largest stablecoin by market capitalization issued by Hong Kong-based firm First Digital Trust, is coming to Solana as it seeks new ecosystems after rolling out products on Ethereum and BNB Chain (formerly Binance Smart Chain). 1/ FDUSD expands to Solana 🔥We’re thrilled to share that $FDUSD will be available on the @solana blockchain, bringing faster, more efficient transactions to our users and expanding our reach across the digital asset ecosystem. pic.twitter.com/e8vYCgUEeq — First Digital Labs…
Stuart Alderoty, Ripple’s chief legal officer, has taken to his X account to share an image of an art object. This triggered a wave of comments from an amused XRP community. In this tweet, Ripple’s chief lawyer has made reference not only to the Securities and Exchange Commission and its current boss Gary Gensler but also to crypto billionaire Justin Sun. “Not a Security” art object, trading starts at $5 million Ripple CLO published an image that looks like a parody of Maurizio Cattelan’s iconic work, “Comedian,” which was sold to the Tron founder and crypto billionaire Justin Sun for…
In a settlement with US authorities, BIT Mining agreed to pay $10 million in penalties related to bribery allegations involving Japanese government officials to secure a resort license. The company, which operates in the Bitcoin mining sector, admitted to violating the Foreign Corrupt Practices Act (FCPA) by conspiring to pay bribes and falsifying records. As part of the resolution, BIT Mining entered into a three-year deferred prosecution agreement (DPA) with the US Justice Department and the SEC. The former CEO Zhengming Pan also faces indictment on multiple charges, including conspiracy and violations of anti-bribery provisions of the FCPA. The official…
October’s expiry is due Friday at 08:00 UTC, with $4.2 billion in options expiry for bitcoin and over $1 billion for ether. Bitcoin has a higher put/call ratio than ether, which indicates a more bullish sentiment as we approach options expiry. The crypto market may be set up for some short-term volatility this week as monthly bitcoin (BTC) and ether (ETH) options contracts are set to expire on Friday. BTC and ETH options contracts worth $4.2 billion and $1 billion, respectively, will expire on Deribit at 08:00 UTC. An option allows the holder the right, but not the obligation, to…