Author: NBTC
The U.S. SEC has officially added cryptocurrency to its list of items to examine for 2025, according to a report by FOX Business journalist Eleanor Terrett. In a recent document, the SEC outlines its plans to continue to monitor crypto markets, with a focus on investments involving digital assets and related investment vehicles. Registrants that provide services related to these assets can expect assessments of their conduct in areas such as offering, trading and advising on crypto assets, with a particular focus on retail investors and retirement assets. The SEC also plans to review registrants’ compliance practices, including custody and…
Biconomy, a popular multi-chain transaction forum, has announced a thrilling collaboration with SunPump. The partnership targets promoting growth and innovation in the blockchain sector, leveraging the features of both entities to establish a more resilient and accessible trading environment to facilitate users. The platform took to its official X account to announce this development. 🚀 Announcement of Partnership Between #Biconomy and #SunPump🚀We are excited to announce that Biconomy has officially entered into an ecosystem partnership with @sunpumpmeme , the first meme fair launch platform on the Tron network!🔥This collaboration will fuel innovation… pic.twitter.com/ioigqwi4Gp — Biconomy (@BiconomyCom) October 24, 2024 Biconomy…
BTC’s cumulative volume in the first eight months amounts to $2.87 trillion. It’s a sign of increased market participation due to crypto and macro-specific uncertainty. The bitcoin (BTC) market reached unprecedented activity in the first eight months of 2024, surpassing the record notional trading volume seen during the bull market of 2021. The cumulative trading volume or the dollar value of the number of BTC bought and sold on centralized exchanges amounted to $2.874 trillion in the first eight months, according to Paris-based data provider Kaiko. That’s nearly 20% higher than the volume of $2.424 billion registered in the first…
Rarible has announced together with Arbitrum an initiative to empower on-chain creators and to explore earning opportunities with DeFi and NFT. RARI Chain was created by the RARI Foundation, linked to the RARI DAO, within the Rarible ecosystem. Rarible and RARI Chain: the power of DeFi and NFT RARI Foundation The initiative of Rarible for NFT creators DeFi Days The comments Rarible and RARI Chain: the power of DeFi and NFT Rarible is one of the largest NFT marketplaces in the world. The core of its platform is RARI, its token on Ethereum. RARI Chain, on the other hand, is…
Ethereum price extended losses and tested the $2,450 support zone. ETH is recovering losses and struggling to gain pace for a move above the $2,550 level. Ethereum started a recovery wave from the $2,450 zone. The price is trading below $2,560 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $2,580 and $2,600 resistance levels. Ethereum Price Starts Recovery Ethereum price extended its decline below the $2,550 level…
Alliance noted a shift in crypto startup trends for the first half of 2024. DAO and NFT projects were already on their way out, while infrastructure and DeFi were in. Alliance is one of the leading accelerators for crypto startups, tracking the trends in real-time. The organization vets and supports 3,000 startups per year, and has a direct connection to industry trends. The next cohort of startups can apply until November 20, with a potentially different set of trends. Alliance organizes two rounds of applications per year, and recently released the report of startups for H1. The major trends are…
According to the recent CoinShares report, last week, institutional investors increased their bet on XRP, while withdrawing funds from ADA and the second largest cryptocurrency, Ethereum. The report was shared on the X platform by Chinese cryptocurrency blogger and journalist Colin Wu on his personal page. XRP has seen $0.1 million added by investors, while Cardano’s native coin, ADA, faced a $0.2 million outflow and Ethereum lost $28.5 million. Litecoin and Solana outpaced XRP, with $0.2 million and $3.2 million inflows over the last week. According to CoinShares, digital asset investment products saw net inflows for the second week in…
On October 2nd the UAE Federal Tax Authority exempted crypto transaction from value-added tax (VAT). Effective from Nov. 15, 2024, the exemption applies retrospectively to transactions dating back to Jan. 1, 2018. The decision was seen as positive by many within and outside the sector, especially for VASP activities within the UAE. The amendment clarified that the 5% VAT does not apply to digital assets, covering exchanges and ownership transfers, similar to what is applied to other traditional financial services. Kokila Alagh Founder of KARM Legal on LinkedIn noted, “This will mean reduced tax burdens for VASPs, as they will…
The Somnia blockchain will enter its DevNet phase in the coming weeks. Improbable claims that the blockchain will process over 400,000 transactions per second. Improbable, the British metaverse technology company creating Yuga Labs’ Otherside platform, has said the Somnia blockchain will enter its DevNet phase in the coming weeks. The blockchain will process over 400,000 transactions per second (TPS) with sub-second latency and low fees, as well as being Ethereum Virtual Machine (EVM) compatible, according to Improbable. “The blockchain [will] enable very, very high transaction throughput and the ability to put more things on-chain,” Improbable co-founder and CEO Herman Narula…
Macro expert Lyn Alden says she’s “very bullish” on Bitcoin (BTC) over the longer term amid the soaring interest payments of the US government to its more than $35 trillion national debt. Alden notes in a recent newsletter that BTC has been highly correlated with global liquidity, a trend the analyst expects to continue. “My five-year outlook on the asset is very bullish, but the volatility must be accounted for in position sizes for a given portfolio and its requirements.” According to Alden, one reason she believes Bitcoin will trade higher over the long arc of time is the expectation…