Author: NBTC
Digital asset prime brokerage FalconX has launched an auto-liquidation service designed to enhance capital efficiency for crypto mining firms in the Asia-Pacific region, following a turbulent two years that have strained the sector. The service, part of the firm’s broader platform rollout targeting the industry, is designed to help miners operating in capital-constrained environments manage liquidity more efficiently. Its offering automates the conversion of crypto mining rewards, including Bitcoin, Litecoin, and other proof-of-work tokens, into U.S. dollars, the company shared exclusively with Decrypt. FalconX said the service would streamline miners’ operations by enabling faster reinvestment into their businesses, removing the…
According to a post by blockchain analysis platform Spot On Chain, whales are accumulating NEIRO intensively. According to X sharing, data shows that Neiro Ethereum (NEIRO) is currently in an accumulation phase. Accordingly, a whale (0x6ab) accumulated 17.7M NEIRO in the last 7 days at an average price of $0.086. Whale 0x9Ba bought 17.5M NEIRO at $0.154 on September 6. While this whale is profitable in FET investments, he is not doing well in memecoin investments. Whale 0xAB5 also bought 6M NEIRO, while whale 0x1ED bought 8.6M NEIRO at $0.116. He sold some of it without making a profit and…
Ripple CTO David Schwartz expresses cautious optimism about U.S. Vice President Kamala Harris’ campaign promises to establish rules for crypto protection. As part of efforts to gain the support of black Americans, Harris, who is vying to become the 47th president of the United States, announced her support for the black community. She disclosed that her administration will protect crypto by establishing rules for the industry. According to her campaign, 20% of black Americans have had dealings with cryptocurrencies. As a result, there is a need to protect the industry. XRP Enthusiasts React as Ripple CTO Refers to Harris Campaign…
HTX, a digital asset trading platform, has partnered with TradingView, a financial analysis and trading platform. The collaboration integrates HTX into TradingView’s Broker feature, allowing users to trade cryptocurrencies directly through TradingView. According to the release, HTX users can now access their accounts and trade without needing to switch between platforms. The new feature enables users to trade, monitor market trends, and place orders in real-time from a single interface. This integration aims to improve the efficiency and convenience of cryptocurrency trading. HTX, established in 2013, has crypto licenses across Europe, the Americas, Asia, and the Middle East. The platform…
Bitcoin’s price recently bounced back from the crucial support level at $53,980 and is now approaching the $60,000 mark. After hitting a low of $52,270, the cryptocurrency is showing strength, supported by favorable market conditions. Currently trading at $60,048, BTC is targeting the critical resistance at $61,725. Breaking this level will be essential for sustaining its upward momentum, and investors are closely monitoring Bitcoin’s next price move. Bitcoin Has a Shot Bitcoin’s Network Value to Transactions (NVT) Ratio, a key metric for evaluating whether the asset is overvalued or undervalued, has shown a short-term decline. While the macro NVT remains…
In a recent analysis published by the DeFi Report, Ethereum’s network fees generated $261 million in Q3-2024, down 47% compared to the last quarter. Ethereum’s layer 1 fees in Q3 were the lowest the network has seen since Q4 of 2020. In “The ETH Report: Q3-24” published on Oct. 16, Ethereum(ETH)’s layer 1 in Q3 of 2024 were shown to be the lowest since 2020. The DeFi Report believes that this is due to the emerging growth of layer 2 networks, the introduction of EIP 4844, and the decrease of new crypto users in Q3. Not only that, the report…
Polymarket bets are strongly leaning towards a rate cut of 25 basis points in November. A status quo or larger cuts seem less likely after the Fed’s aggressive start to loosening its policy. CME FedWatch also indicates changing market expectations after the first monetary policy adjustment this year. As the odds shift, Deloitte’s US economy forecast believes that US growth will be stable in 2024. There is a likelihood of a 0.25% rate cut Polymarket bets overwhelmingly predict that the Federal Reserve will cut rates by 25 basis points in November. CME FedWatch tracks that probability at 88% against Polymarket…
Cardano has just turned seven years old, and its developer, Input Output Global (IOG), took to X (formerly Twitter) to celebrate the milestone. In a celebratory tweet, IOG wrote: “Happy birthday, Cardano. 7 years. Millions of transactions. Over a thousand projects. One unstoppable community.” The tweet was accompanied by a short clip highlighting the remarkable achievements and milestones that have marked Cardano’s evolution. Happy birthday, Cardano.🎉7 years. Millions of transactions. Over a thousand projects. One unstoppable community.🌍🫶 pic.twitter.com/xsMsOvjCnu — Input Output (@InputOutputHK) September 27, 2024 Cardano, a proof-of-stake blockchain platform and the first to be founded on peer-reviewed research and…
Tether’s favorite market maker Cumberland Global has been targeted by America’s securities regulator, potentially bringing the world’s leading stablecoin issuer closer to a regulatory reckoning. On October 10, the U.S. Securities and Exchange Commission (SEC) announced the filing of a civil complaint against Cumberland DRW LLC in the U.S. District Court in the Northern District of Illinois. The SEC accuses Cumberland, an offshoot of the Chicago-based DRW Trading Group, of “operating as an unregistered dealer in more than $2 billion of crypto assets offered and sold as securities” since March 2018. The complaint accuses Cumberland of earning “millions of dollars…
Cryptocurrency exchanges play a vital role in the blockchain industry, acting as gatekeepers to the world of digital assets. While there are other ways to acquire crypto, such as peer-to-peer protocols and trading with friends, the vast majority of newcomers will begin their journey on a crypto exchange, where they can sign up quickly and start exchanging their fiat for Bitcoin, Ethereum, and other tokens. Despite their importance for the crypto industry, the fact is that exchanges as they are today are far from adequate. The reliance on these centralized custodians is contrary to the ethos of crypto in general,…