Author: NBTC
The Hamster Kombat airdrop set a record of activity on Toncoin. The fees during the event reached an all-time high, though the network did not stall as in the case of DOGS airdrop. Toncoin fees reached an all-time high, based on peak activity around the Hamster Kombat airdrop. Based on Token Terminal data, the Toncoin chain achieved more than $364K in daily fees on September 26, the day of the airdrop. In addition to Hamster Kombat, the Toncoin chain was also absorbing the hype of the Catizen (CATI) airdrop and the first week of the asset’s trading. Toncoin fees are…
Following Binance’s registration with India’s Financial Intelligence Unit (FIU), Indian-based cryptocurrency users have made claims that Binance now demands more information for users to carry out deposits and withdrawals on its platform. Market players have also highlighted the potential impact of the exchange’s most recent regulatory move. As observed by Pushpendra Singh, a popular Indian crypto tech personality, cryptocurrency exchanges Binance and KuCoin have begun requesting sources of funds from their respective users. A screenshot Singh shared on X shows that users of both exchanges must now justify the source of their payments after each deposit. This includes providing the…
Peter Schiff, one of the most prominent Bitcoin detractors, has predicted that the price of the leading cryptocurrency is on track to break below the $58,000 level. The leading cryptocurrency is currently trading at $58,592, according to CoinGecko data. “Not even digital silver” While Bitcoin gets frequently compared to gold, Schiff is convinced that the flagship cryptocurrency is not even capable of holding a candle to silver. “Not only is Bitcoin not digital gold, it’s not even digital silver, the financial commentator wrote in a recent social media post. The price of silver recently surged above $31 per ounce, aiming…
San Francisco Fed President Mary Daly confirmed today that despite last month’s rate cut, the Fed’s monetary policy continues to effectively reduce inflation. Speaking at an event at New York University, Daly described the latest adjustment as a necessary measure to balance progress in reducing inflation with the need to maintain control over economic growth. The Fed lowered the federal funds rate by half a percentage point in September, bringing its target range to between 4.75% and 5%. Daly called it a “right-sizing” of interest rate policy. “We’ve made progress and we’re loosening the policy reins a little bit, but…
Former Goldman Sachs executive and prominent cryptocurrency supporter Raoul Pal made statements regarding his current portfolio. Stating that his main investment is Solana (SOL), Raoul Pal stated that apart from SOL, he also has SUI and memecoins Smoking Chicken Fish (SCF) and Dogecoin (DOGE) in his portfolio. Pal also noted that he is also focusing on cultural NFTs as part of his long-term portfolio. The absence of Bitcoin (BTC) in his portfolio caught the attention of big bull MicroStrategy founder Michael Saylor, who commented, “Bitcoin misses you.” In response to Saylor’s comment, Evren Pal stated that he does not have…
US presidential candidate Kamala Harris was roundly criticized after she proudly tweeted a list of campaign promises targeted squarely at black male voters. As one of her five promises, she swore to ‘protect cryptocurrency investments so black men who make them know their money is safe.’ The problems were immediately obvious and her post went viral for all the wrong reasons. Almost without exception, comments were negative. “Pandering to Black American men is disgusting and degrading,” wrote one observer. “Buying votes should be criminal,” posted another. Many noted, “This is overt racial discrimination.” Thousands of people also liked comments calling…
U.S. publicly-listed crypto exchange Coinbase announced Tuesday it is ending its Paycheck Direct Deposit service, a feature that had previously allowed users to allocate part or all of their paycheck to be paid in crypto. “Starting November 25, we’ll no longer support paycheck direct deposit on Coinbase,” the exchange’s team said in an email sent to users Monday. “Please remove your Coinbase account from your paycheck to avoid delays in getting paid.” However, the decision has sparked frustration. Customers using the paycheck feature have spoken out on social media about the unexpected change, prompting complaints from those who had relied…
The launch of Bitcoin futures at CME Group can prove market price formation efficiency and reduce fluctuations in the crypto market. The launch may lead to a higher number of institutional investors entering the cryptocurrency market. Bitcoin futures open up new opportunities for managing participants’ risks, contributing to the growth of market depth. The Chicago Mercantile Exchange (CME) Group, the world’s largest futures trading market, has recently introduced Bitcoin futures contracts, which are expected to impact how the price of Bitcoin is determined.The move by CME Group to start trading in bitcoins presents institutions with an opportunity to hedge and…
VanEck is diversifying with the launch of a new venture fund. The $30 million fund is focused on early-stage startups specifically with the goal of investing in fintech projects at the intersection of crypto and AI. “Those two components are very much like horizontal technologies. And I say that because crypto is like the value layer and AI is where you can now take financial services that are typically performed by people, represent them in code and start to automate things,” general partner Wyatt Lonergan told Blockworks. Read more: From crypto ETFs to VC: VanEck unveils $30M fund The fund’s…
A research firm Coinbase hired intends to ask a judge for a quick call on whether it should get key SEC documents that might reveal how the agency came to view crypto tokens as securities. The federal court could decide whether the company (and the public) get to see what the SEC officials said in private discussions as they tried to figure out whether digital assets like ETH should be counted as securities. An intermediary for the biggest U.S. crypto exchange, Coinbase Inc. (COIN), is cranking up its legal fight over the Securities and Exchange Commission’s unwillingness to produce documents…