Author: NBTC

Shiba Inu (SHIB) could move closer to its previous all-time high (ATH) if it maintains its dominance at a $10 trillion total crypto market capitalization. The prices of various crypto assets, including Shiba Inu (SHIB), plunged heavily on October 25 following reports that the U.S. government is investigating USDT stablecoin issuer Tether over potential violation of anti-money laundering rules. The total crypto market was down 2.09% in 24 hours to $2.27 trillion at press time. Interestingly, Shiba Inu also witnessed a similar decline in the same timeframe. The leading canine-themed token boasts a market cap of $9.95 billion, reflecting a…

The Organization for Economic Co-operation and Development recently introduced the Cryptoasset Reporting Framework, a regulatory approach some call CRS 2.0. This could signal the arrival of ChokePoint 3.0, as its extensive reporting requirements will expand government oversight into people’s crypto activity and holdings globally. A similar trend is seen in the EU’s recently adopted Anti-Money Laundering Regulation, which also imposes sweeping data requirements that raise concerns over privacy and financial freedoms. CARF requires Reporting Crypto-Asset Service Providers to submit annual reports on customers’ crypto transactions to tax authorities in 48 participating countries, including the UK, US, and much of the…

An FTX liquidator wallet sent nearly 11.4K SOL tokens, worth $2.66 million, to Binance. Blockchain security firm PeckShield highlighted the transfer, which is part of FTX’s ongoing liquidation process to compensate creditors. #PeckShieldAlert #FTX Liquidator Main Wallet – labeled address has transferred ~11.4K $SOL (worth ~$2.66m) to #Binance pic.twitter.com/FBMOFAwyKh — PeckShieldAlert (@PeckShieldAlert) November 27, 2024 The FTX address has actively managed the exchange’s remaining assets. This labeled wallet activity demonstrates transparency in fund movement as the exchange works to recover assets. PeckShield flagged the transaction, which reflects the exchange’s strategy to recover and redistribute funds after its collapse. FTX’s liquidators…

Max Keiser, Bitcoin maximalist and advisor to El Salvador’s president Nayib Bukele on all things Bitcoin, has published a tweet in which he revisited his ultra-bullish prediction for the future price of the world’s largest crypto. “Bitcoin to trade over $220,000 very soon” Keiser tweeted that Bitcoin is likely to skyrocket to a new all-time high of $220,000 due to a key reason – another safe haven asset, gold, reached a new all-time high of $2,713.88 per ounce for the first time in four years. The previous ATH was hit in 2020, when the world faced the pandemic and investors…

A market commentator calls attention to the potential impact a revival of the smart contracts platform Codius could bring on the XRP Ledger (XRPL). For context, Stefan Thomas, former Ripple Chief Technology Officer (CTO) and now CEO of Coil, recently revealed plans to develop a new version of Codius, the smart contract platform he pioneered. Thomas shared the update on a recent Future Money podcast, mentioning that it remains early to discuss specifics. His announcement has triggered comments, with industry pundits like Max Avery highlighting the potential impact this could have on the XRPL. Codius’ Core System In a recent…

MetaMask added a fiat on-ramp feature through Venmo, allowing US users to buy crypto using the payment app, according to a Nov. 27 announcement. Crypto-focused fintech Moonpay enabled the new payment method. Venmo, a PayPal subsidiary, introduced crypto transfers for its customers in April 2023. The company has supported buying, holding, and selling crypto since 2021. Although the MetaMask fiat-to-crypto option is available in roughly 200 countries, the Venmo partnership is only available for US users. Efforts on payments MetaMask first launched a fiat-to-crypto feature in April 2023 and has since added support for payment options via Apple Pay, debit…

A “diamond hands” Bitcoin investor, which has been holding the major cryptocurrency for the last five years, has made headlines by selling 199 BTC, valued at approximately $13.55 million, just over one hour ago, as Lookonchain reported. Initially, this anonymous investor had withdrawn 801 BTC, worth around $8.25 million, from the Huobi exchange, at a price of $10,297 five years ago. However, in the last month, they sold 500 BTC for about $32.13 million. After these transactions, the investor currently holds 301 BTC, equivalent to roughly $20.42 million, resulting in a total profit of $44.28 million. Meanwhile, the price of…

The market highlights show impressive gains among several cryptocurrencies on October 27, 2024. Leading the pack is Shapeshift Fox ($FOX), which surged by an impressive 30.6%. This significant rise reflects growing interest and positive market sentiment. DAILY GAINERS$FOX +30.6% $NOS +27.1% $TROY +26.2% $SEAM +19.5% $ORCA +16.1% $SXP +15.6% $RAY +14.2% $SWEAT +12.9% $XETA +12.0% $TNSR +11.1%#dailygainers pic.twitter.com/lBjVWbHgcz — PHOENIX – Crypto News & Analytics (@pnxgrp) October 27, 2024 NOSANA ($NOS) Soars 27.1% Closely Following $FOX In second place is NOSANA ($NOS) which has risen by 27.1%. It appears that investors have high expectations for it. TROY ($TROY) also had…

French Hill wants clear rules to help crypto companies grow and access banking without barriers. Restrictive banking rules hurt crypto growth and push companies to move to other countries. U.S. leadership in financial technology depends on fair policies and strong support for digital assets. Congressman French Hill is a leading candidate for the House Financial Services Chair and has promised reforms in banking access for crypto companies. His focus includes eliminating restrictive practices and encouraging innovation in the financial sector to keep the U.S. competitive. Restrictive Practices Hurt Crypto Businesses Banks are limiting services to crypto companies due to increasing…

Annualized perpetual funding rates in small cap tokens after bitcoin’s (BTC) recent bullish pause has cooled jets in the broader market, shaking out over-leveraged positions and normalizing costs associated with betting on price rallies. One token, however, is still blazing hot: Solana-based decentralized exchange Raydium’s native cryptocurrency, RAY. As the only coin with annualized perpetual funding rates still exceeding 160%, RAY stands out among the small, mid and large-cap tokens as the most overheated cryptocurrency, according to data from VeloData. The elevated rate suggests the market for RAY is overcrowded with long positions, with leverage skewed heavily toward the bullish…