Author: NBTC

Binance Futures has announced that it will introduce the USDⓈ-Margined 1000CATUSDT Perpetual Contract offering traders up to 75x leverage at 15:30 UTC on October 21, 2024. Binance Futures to Launch 1000CATUSDT Perpetual Contract with 75x Leverage USDⓈ Collateral The new listing aims to enhance users’ trading experience and expand the range of futures products available on the platform. Basic Contract Features Maximum Leverage: 75x Initial Funding Rate: ±2.00% Funding Fee Settlement: Every four hours Launch Time: October 21, 15:30 The 1000CATUSDT contract will allow users to trade with high leverage with USDⓈ margin requirements. Binance noted that a Multi-Asset Mode…

Investors are currently focused on the potential Federal Reserve interest rate cut and how the monetary policy will likely impact the price trajectory of major assets such as Bitcoin (BTC). Indeed, Bitcoin has recently seen its price drop below the $60,000 mark, driven by concerns regarding the economy’s general health. The rate cuts are viewed as a potential course-altering move, especially amid recessionary fears. Regarding how Bitcoin will likely react, cryptocurrency trading expert Trading Shot outlined possible scenarios for the maiden digital asset in a TradingView post on September 11. The expert focused on the correlation between the Global Liquidity…

A top business consultant just analyzed Ripple’s potential benefit if it goes public. Despite the prospects outlined, the SEC case might serve as a major drawback. After months of speculation, the crypto market eagerly awaits news of a Ripple Initial Public Offering (IPO). Amid these speculations, business leader and consultant Jake Claver commented on what an IPO launch would mean for Ripple Labs. Claver thinks that Ripple’s IPO if eventually launched, may have as much influence as Amazon’s IPO in 1997. What an IPO Listing Means for Ripple Claver outlined the potential benefits of an IPO or direct listing for…

Hedera (HBAR) has gained 16% in the past week as excitement for the upcoming Renaissance Upgrade in October mounts. Industry experts have also hinted at an upcoming partnership with Microsoft, the world’s second-largest company by market cap. Hedera is riding high. In the past week, the token has been one of the big gainers in the top 50 coins, and in the past day, this momentum has continued, pushing HBAR 2.6%. HBAR trades at $0.05735 at press time, raising the market cap by 4.4% to $2.157 billion and cementing its spot in the top 50 coins in the sector. Hedera…

The Indonesian Commodity Futures Trading Regulatory Agency has extended the deadline for crypto exchanges to meet the necessary requirements to get their Physical Crypto Asset Traders license as part of a revised government bill. In an Oct. 20 press release, the Indonesian Commodity Futures Trading Regulatory Agency — known locally as Bappebti — announced that the deadline for crypto exchanges to meet the requirements needed for a Physical Crypto Asset Traders license. Crypto exchanges have until the last week of Nov. 2024 to fulfill the registration requirements. The regulatory agency clarified that the extension only applies to crypto exchanges that…

While Bitcoin has been upsetting investors with its long-standing downward trend, analysts say that the bad days are behind us and the expected rise will occur in the coming months. Some data also supports the analysts’ assessment. According to data from cryptocurrency analytics platform IntoTheBlock, approximately $750 million worth of Bitcoin was withdrawn from major cryptocurrency exchanges on September 10. IntoTheBlock stated that this withdrawal was the biggest outflow since May and that the $750 million Bitcoin withdrawn from exchanges points to a potential price increase. IntoTheBlock analyst Juan Pellicer noted that the outflows have led to positive sentiment as…

Binance, one of the leading cryptocurrency exchanges, has successfully completed the conversion of select altcoin holdings into USD Coin (USDC). This process took place over a span of several months, from April 21, 2024, to October 15, 2024, allowing users to streamline their portfolios by converting various altcoins they held into a more stable digital currency. Contents hide 1 What Altcoins Were Affected by the Conversion? 2 Where Can Users Find Their USDC Balances? What Altcoins Were Affected by the Conversion? During this conversion period, several altcoins were impacted, including MDA, HNT, MITH, YFII, and MIR, among others. For instance,…

Cryptocurrencies sold off once again early in the U.S. trading session on Wednesday with bitcoin (BTC) diving below $56,000. BTC climbed during the Asian and European trading hours from a low of $56,000 after last night’s U.S. presidential debate between Kamala Harris and Donald Trump, briefly topping $57,000 following the U.S. CPI inflation report. The price quickly tumbled to $55,600 in little more than an hour following the opening of U.S. stock markets. Bitcoin has bounced a bit since, but remains lower by 2% over the past 24 hours. The broad-market crypto benchmark CoinDesk 20 Index also fell over 2%…

Crypto investment products have seen a surge in inflows, reaching $2.2 billion throughout last week, according to a report by CoinShares. This marks the largest weekly increase since July 2024. As per the report, the inflows were driven primarily by growing optimism surrounding a potential Republican victory in the upcoming US elections. Bitcoin dominates inflows Bitcoin emerged as the clear winner, attracting $2.13 billion in inflows. This surge in investment in BTC coincides with the recent price surge. This has also prompted inflows of $12 million into short-bitcoin products. Looking at the regional fund flow rate, the United States dominated…

The co-founcer of Indian crypto exchange CoinSwitch has accused rival exchange WazirX of transferring $75 million worth of user funds to global exchanges Bybit and KuCoin in the aftermath of a July 2024 cyberattack. Ashish Singhal made the allegation as CoinSwitch released a public dashboard tracking wallet activities based on WazirX’s recent wallet disclosure. Making sense of WazirX’s wallet disclosure for users Crypto exchange WazirX — which allegedly faced a cyberattack in July 2024 — has released over 240,000 wallet addresses as part of an affidavit they filed in the High Court of Singapore. These many wallet addresses can be……