Author: NBTC

A co-founder of blockchain-based ride hailing believes the United Arab Emirates (UAE)’s crypto momentum won’t be significantly impacted by a new Donald Trump administration. Co-Founder Says ‘UAE Is Not Just a Fallback Option’ A new Donald Trump administration may create a more favorable crypto environment, but Firdosh Sheikh, co-founder of DRIFE, doubts any U.S. policy shift will significantly impact the UAE’s momentum. Firdosh argues that the Middle East, particularly the UAE, has built a robust foundation that isn’t solely dependent on geopolitical changes elsewhere. The region’s emphasis on supporting entrepreneurs through initiatives like visas for startup founders and tech talent…

Cryptocurrency exchange OKX has released its 25th proof of reserve, revealing significant increases in user and platform assets. OKX Releases 25th Reserve Document and Shows Significant Asset Growth A snapshot of Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) assets taken on November 13 shows strong growth. Key Points BTC Holdings: User Bitcoin holdings increased by 1.87% compared to the last snapshot on October 8. ETH Holdings: Ethereum holdings increased by a significant 7.90% during the same period. USDT Holdings: Tether holdings increased by an impressive 15.37%. Total Reserves: OKX currently has reserve assets of $26.611 billion, up $1.883 billion month-on-month.…

While the ongoing Bitcoin uptrend continues to endure, the leading crypto asset is at a critical decision point. Seasoned market watchers are highlighting factors that could confirm a further upswing or signal the onset of another severe bearish market. In a post on X, global macro investor Raoul Pal warned market participants not to get ahead of themselves by discussing extreme price targets for Bitcoin. He noted that the danger is not over until Bitcoin convincingly breaks the key psychological price level of $70,000. Pal is cautioning against over-optimism until Bitcoin demonstrates solid upward momentum by surpassing $70,000. His warning…

Analytics account @spotonchain has noticed a mammoth ETH transaction made by one of the Ethereum cofounders. However, data suggests that the Ethereum price may go upward. In the meantime, the majority of ETH holders’ profitability has reached a new half-year high — 90.8% of holders have reached the highest profitability since June, according to a report by IntoTheBlock. Ethereum cofounder dumps $72.5 million in ETH The aforementioned tweet by Spot On Chain revealed that the programmer Jeffrey Wilcke, one of the original Ethereum cofounders, has transferred a massive chunk of 20,000 ETH to the U.S.-based Kraken exchange less than an…

The New York Federal Reserve’s report evaluates the financial stability implications of digital assets within the context of the broader financial system. Digital Assets Pose No Risk to Global Financial System The New York Federal Reserve’s recent report on digital assets provided a look at their potential risks to financial stability. The report stated that the impact of digital assets on the broader financial system remains minimal. The report emphasized the growth of the digital asset ecosystem, including cryptocurrencies, stablecoins, and decentralized finance (defi), but not yet at the scale to pose any systematic threats. Although financial stability is the…

In the cryptocurrency market trade, SafeMoon (SAFE), Chainlink (LINK), and Optimism (OM) are the most active performing tokens. The global market cap stands at $2.30T, while the 24-hour trading volume hits $73.06B, which would naturally spark greater interest, as depicted by the Fear & Greed Index at 72% Greedy. Daily Summary on October 25, 2024$SAFE $OM $LINK $PYTH $ICP $BTC $ETH $SOL $SUI $DOGE#dailysummary #DeFi #Crypto pic.twitter.com/7uJ2OUW3uR — PHOENIX – Crypto News & Analytics (@pnxgrp) October 25, 2024 Among the top assets, Bitcoin (BTC) and Ethereum (ETH) remain leaders; the price for Bitcoin is $67,445, and its market share is…

Tonkeeper, the leading non-custodial wallet for the TON ecosystem, has launched an exclusive campaign for Indonesian users. This initiative is in partnership with Mercuryo, a fiat-to-crypto exchange service. It starts from November 25 to December 15 and involves a slashed transaction fee for any crypto purchase. This promotion can be availed by Indonesian users where they can use payment methods on the Tonkeeper app. Tonkeeper Offers Lower Fees for Crypto Purchases in Indonesia The specific campaign will last for three weeks and is designed to make purchasing cryptocurrency more affordable. To be specific, users have a choice for the type…

Billy Markus, known on social media as Shibetoshi Nakamoto, who created the original meme cryptocurrency Dogecoin together with Jackson Palmer in 2013, has published a tweet, mentioning the mysterious Bitcoin creator Satoshi Nakamoto and the HBO documentary about him that came out recently. The documentary called “Money Electric: Bitcoin Mystery” was released more than a week ago and it sent shock waves through the cryptocurrency market after “revealing” the true identity of the Bitcoin creator. Although, many early Bitcoiners, including Markus and the cypherpunk Adam Back who was mentioned in the Bitcoin white paper, did not agree with the conclusion…

The recent upside momentum in Ethereum (ETH) has gained significant attention from crypto enthusiasts. Amid this rally, today, November 28, 2024, Ethereum co-founder Jeffrey Wilcke was found dumping a significant amount of ETH on a cryptocurrency exchange. Ethereum Co-Founder Dumps $72.5 Million of ETH According to blockchain intelligence firm Arkham, Wilcke dumped 20,000 ETH worth $72.50 million to Kraken. This significant transaction was spotted just before the opening bell of the US market. Despite this substantial sell-off, the co-founder still holds a massive 106,000 ETH worth $384 million, as reported by Arkham. Source: X (Previously Twitter) Whales and Traders’ Recent…

Grayscale Investments LLC, a U.S. digital asset management firm, announced that it had re-opened private subscriptions at NAV for accredited investors only. The digital asset manager confirmed that accredited investors will be required to have an annual income above $200K. The asset management firm defined qualified investors in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended. The firm’s periodic reopening of private subscriptions is part of its ongoing strategy to cater to the varying interests and investment strategies of its ‘elite’ clients. Grayscale offers more tokens for qualified investors to capitalize on market trends Our…