Author: NBTC
Russia’s Ministry of Finance, which in 2016 suggested imprisonment for trading Bitcoin, now says the crypto industry is a “locomotive” for Russia’s economic development. Russia‘s Ministry of Finance sees the crypto industry as a driving force for economic development, Russian state news agency TASS reports, citing Ivan Chebeskov, director of the financial policy department at the ministry. Speaking at a crypto forum in Russia, Chebeskov highlighted the ministry’s long-standing efforts to establish a regulatory framework for the crypto market. “We at the Ministry of Finance have been working for many years to create appropriate regulations for the crypto market. This…
Binance, the world’s largest cryptocurrency exchange by transaction volume, today announced OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM) and NEM (XEM). Binance Will Delist OMG, WAVES, WNXM, XEM on June 17, 2024 This decision was made as part of Binance’s regular review process to ensure listed assets meet the platform’s high standards and evolving industry requirements. Reasons for Delisting Binance considers various factors when evaluating the delisting of a digital asset. These include: Team’s Commitment to the Project: Evaluates the dedication and progress of the project’s development team. Level and Quality of Development Activity: Assessment of ongoing development and innovation…
Bitcoin price failed to settle above the $72,000 resistance. BTC corrected gains and now moving lower toward the $67,500 support zone. Bitcoin struggled to clear the $72,000 and $72,500 resistance levels. The price is trading below $70,000 and the 100 hourly Simple moving average. There was a break below a major bullish trend line with support near $70,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if it breaks the $68,500 support level. Bitcoin Price Trims Gains Bitcoin price saw a decent increase above the $70,000 resistance zone. BTC…
Anyone paying attention to the launch of spot bitcoin ETFs probably knows how Vanguard feels about such products. If you thought the financial services giant might view ether differently — or evolve their stance — you can keep thinking. “While we continuously evaluate our brokerage [offering] and evaluate new product entries to the market, spot ether ETFs will not be available for purchase on the Vanguard platform,” a company spokesperson told Blockworks. The clarity comes after the Securities and Exchange Commission last week approved 19b-4 proposals by exchanges looking to list spot ETH funds. The regulator still has to sign…
Dogecoin is by far the most popular meme coin, and is one of the few cryptocurrencies that has managed to leave a mark on the mainstream. While it started as a joke, Dogecoin now has a total valuation of almost $9 billion. This raises interesting questions about the distribution of DOGE. In this article, we’ll examine the biggest Dogecoin holders based on blockchain data and provide additional insights about these addresses where available. The top 10 Dogecoin holders in 2024 Without further ado, let’s check out the top 10 Dogecoin holders and learn a bit more about these Dogecoin whales.…
In a recent statement, Ripple CEO Brad Garlinghouse highlighted the urgent need for the United States to develop clear and sensible regulations for the cryptocurrency industry. As the global crypto landscape continues to evolve, Garlinghouse highlights that the U.S. must not fall behind other leading economies that have already established comprehensive regulatory frameworks for digital assets. Garlinghouse’s comments come at a time when the U.S. crypto industry is grappling with regulatory uncertainty with the lack of clear guidelines stifling innovation within the sector. “It’s critical that the US catch up with other leading economies and develop sensible and clear rules…
Robinhood has imposed restrictions on GameStop (GME) share purchases following a dramatic surge in the meme stock’s value late Sunday. This surge was triggered by speculation that Keith Gill, the notable figure behind the 2021 GameStop short squeeze, might hold a substantial position in the video game retailer. The company announced that Blue Ocean ATS, the platform facilitating overnight trades for certain stocks, would only accept orders within 20% above or below a reference price of $22.99. Consequently, any orders to buy GME above $27.59 or sell below $18.39 during the night would likely be rejected. This restriction aimed to…
Hong Kong’s securities regulator aims to approve the first batch of Spot Bitcoin ETFs on April 15. However, their availability is expected to commence roughly two weeks after approval, Tencent News reported Wednesday. Financial analysts were quoted as projecting that the first Spot Bitcoin ETF in Hong Kong could reach a size of $20b. This would be smaller than similar products currently available in the US. The SFC reportedly updated the list of authorized fund companies ahead of the initial approval announcement on April 15. It included Chinese asset managers Harvest Global Investment and China Asset Management on this list.…
Northstake’s tokenized ETH staking solution, launched today on the Ethereum mainnet, marks a significant milestone in the institutional staking market. —The initiative, aimed at enhancing liquidity for institutional investors, enables the liquidation of Ethereum validator nodes in a matter of hours, a process that traditionally took days. This solution, fully compliant with regulatory requirements, opens up new opportunities for institutional participation in Ethereum staking while ensuring liquidity.Following a successful pilot run on Ethereum’s testnet Holesky, Northstake has partnered with leading market makers GSR and DV Chain to facilitate tokenized ETH staking. Institutional investors can now leverage Northstake’s solution to maintain…
Solana (SOL) is in a recovery mode today with its price visibly breaching the $150 resistance point. At the time of writing, data from CoinMarketCap shows that Solana is up by 1.81% in the past 24 hours and is changing hands for $157.08 on spot exchanges. Solana network recovery as catalyst Solana has been in a state of limbo for some time, with menacing network congestion acting as a major bane to its growth overall. However, a recent update indicates that the Solana block production has now returned to its normal level with an average block time of two seconds.…