Author: NBTC
Today, enjoy the Forward Guidance newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Forward Guidance newsletter. Harris punts on crypto talking points, again Hours after pledging to support Black men’s rights to safely invest in crypto, Vice President Kamala Harris’s Monday night speech fell short on delivering details. Harris’s “Opportunity Agenda for Black Men” debuted Monday morning. The policy proposal emphasizes how the administration will elevate the Black male community by giving them tools to “build wealth, support their families and lead their communities.” One of these wealth-building tools? Give Black men the…
Many famous crypto exchanges in Europe with high popularity which are eToro, Gemini, Bitget, MEXC, and CoinJar also have different special services for different types of traders. All of such platforms offer a secure environment, legal adherence, and unique trading instruments to appeal to both small and big traders. It is apparent that there has been a need for additional tools to manage the European crypto market. The European market in cryptocurrency has also expanded notably over several years in the recent past as more investors seek safer trading platforms. As we move further into 2024, five fairly noticeable ones…
Bitcoin’s Bullish Diamond Bottom pattern signals a potential breakout and price surge. Analyst AO predicts a strong upward trend if Bitcoin breaks key resistance. Market sentiment turns bullish as traders prepare for a significant rally. Bitcoin (BTC) might be gearing up for a major breakout. Crypto analyst AO recently shared on X that Bitcoin is forming a Bullish Diamond Bottom pattern. With excitement building in the market, traders are closely watching for a potential surge in Bitcoin’s price. This pattern could lead to a massive upward movement in the coming days. #BITCOIN IS READY FOR A HUGE BULL RUN 🔥🔥🔥Imminent…
The weekly deposits and borrowings in decentralized lending protocols have increased to $32 billion in total value locked (TVL). The current statistics obtained from DeFiLlama before October 2024 report high usage of such decentralized systems, highlighting top lending Protocols in decentralized finance (DeFi). These lending protocols allow users to lend and borrow different cryptocurrencies without involving third parties. Top 10 Lending Protocols by Total Value LockedThe total value of assets locked in DeFi lending protocols is around $32B, according to @DefiLlama. Let’s compare the Top lending protocols by current TVL in USD, in order to evaluate their adoption scale. pic.twitter.com/njwlAjQHVG…
Real estate-backed crypto project Tangible had an undisclosed business relationship with the CEO’s brother, a CoinDesk investigation found. The brother’s company would buy properties at a discount and then flip them to Tangible with markups as high as 21%. Such upselling has no justification, according to U.K. real estate professors who reviewed CoinDesk’s findings. An investor known as ZilAYO started spotting “red flags” in crypto real estate project Tangible a week before calamity struck in October 2023. Before that, ZilAYO had no complaints. He had invested $50,000 in Tangible’s flagship token, USDR, a stablecoin designed to trade one-to-one with U.S.…
A trader has achieved remarkable returns by entering low-cap cryptocurrencies early and exiting at peak valuations. The trader’s moves have highlighted the potential of strategic entries in small-cap projects, turning modest investments into substantial profits. This guy is such a smart trader!Entered $MOODENG at a $70K market cap and made $392.2K! ($70K→$207M) #MOODENGEntered $omochi at a $28K market cap and made $251.7K! ($28K→$24M)Entered $PESTO at a $75K market cap and made $65.3K! ($75K→$24M)https://t.co/pOpjAW4RIh pic.twitter.com/yCsKVDVBix — Lookonchain (@lookonchain) September 27, 2024 According to Lookonchain, the trader first gained attention by investing in $MOODENG at a market cap of $70,000. Following a…
Dubai’s crypto regulator has struck the “right balance, not too hot, not too cold,” in terms of time taken to provide licenses, a senior VARA official told CoinDesk. In the past year, VARA has awarded full regulatory approvals to major global crypto exchanges such as OKX, Crypto.com and Binance. Dubai — Dubai’s Virtual Assets Regulatory Authority believes it has struck the correct balance in terms of time taken to award licenses to crypto-related applicants, its senior official Sean McHugh told CoinDesk in an interview on Tuesday, disputing any perception of being a friendlier-than-usual crypto regulator. Dubai, as the most populated…
Significant developments are happening in the African Fintech sector. Alchemy Pay, a fiat-crypto payment solution provider, has agreed to become a strategic partner to Yellow Card, one of the biggest Fintech firms in Africa. This partnership will enable the purchase of tokens using local currencies throughout Africa and the inclusion of millions of clients to increase their financial utilization. 🌍#Alchemy Pay is teaming up with @yellowcard_app to bring seamless crypto access to Africa!This partnership enables African users to buy crypto with local currencies via bank transfers and mobile money, boosting financial inclusion in the region.https://t.co/E5ypYbLnGY$ACH pic.twitter.com/45GPH7ariM — Alchemy Pay|$ACH: Fiat-Crypto…
The critical FED week has begun for Bitcoin and cryptocurrencies. On Wednesday, the FED will announce its interest rate decision and the expectation is that the first interest rate cut will come. While it remains unclear whether the FED will cut interest rates by 25 or 50 basis points, investors continue to evaluate the possible impact of the FED’s rate cut. Amid this uncertainty, Bitcoin fell by 1.7% in the last 24 hours to $59.50, while Presto Research analyst Min Jung evaluated the reasons for the decline. Analysts said the timing of the drop in BTC and crypto prices coincided…
The venture capitalist Arthur Cheong thinks the decentralized finance (DeFi) sector is in the midst of a “renaissance.” The DeFiance Capital CEO tells his 177,800 followers on the social media platform X that both internal infrastructure improvements and external macroeconomic developments are driving DeFi’s resurgence. “As global interest rates shift, risk assets like crypto, including DeFi, become more attractive to investors seeking higher returns. With the Federal Reserve implementing a 50 basis points rate cut in September, the stage is set for what may be a period of lower interest rates, similar to the environment that fueled the crypto bull…