Author: NBTC
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…
The recent report by Phoenix Group shows that Uniswap is the leading DEX that gathered the most web traffic within the last month. The statistics provide a deeper understanding of the web traffic distribution in different popular DEX platforms, indicating shifts in activity rates and geographical prevalence. #WEB TRAFFIC TO DEXES FOR THE LAST MONTH #Uniswap #PancakeSwap #Sushi #Raydium #1inch #Osmosis #LFJ #Quickswap #Balancer pic.twitter.com/qOCfoiDQrn — PHOENIX – Crypto News & Analytics (@pnxgrp) October 15, 2024 Uniswap Dominates Despite a Decline Uniswap, a major decentralized exchange built on the Ethereum network, recorded the highest total visits, at 2.8M, last month.…
The odds of a higher-than-expected 50-basis point Federal Reserve rate cut have now skyrocketed to 55% on the popular cryptocurrency-powered betting site Polymarket. The Fed’s much-anticipated two-day meeting is going to get underway as soon as this Tuesday. Despite the rapidly rising probability of an aggressive Fed rate cut, which would be beneficial for risk-on assets, the price of Bitcoin remains under bearish pressure. The leading cryptocurrency is currently changing hands at $59,071, according to CoinGecko. The Fed started an extensive hiking cycle in March 2022, implementing a total of 11 hikes. The central bank eventually brought the interest rate…
Crypto index fund manager Bitwise has surpassed $5 billion in assets under management (AUM) across its suite of beta and alpha investment products, thanks to existing and new investors. According to the company, this represents a surge of 400% this year, following Luis Berruga’s appointment as a strategic advisor to the company. This year alone, the company has reportedly recorded significant milestones that have helped buoy its growth. Bitwise experienced exponential growth, thanks to new products For Bitwise, 2024 has been good so far, which has seen the company record growth. For example, Bitwise in January launched its first spot…
Sunny Lu highlighted that decentralized autonomous organizations (DAOs) enable collective decision-making through democratic voting. He noted that smart contracts and oracles improve DAOs by ensuring accountability and connecting blockchain data with real-world information. In a recent episode of Untangling Web3, VeChain CEO Sunny Lu discussed the growing role of decentralized autonomous organizations (DAOs) in blockchain technology while sharing insights on the future of cryptocurrency and blockchain adoption. Lu also highlighted how DAOs are decentralizing the decision-making process through the voting process rather than the conventional management hierarchy. According to Sunny Lu, the DAOs are a new form of organization based…