Author: NBTC
Former U.S. Securities and Exchange Commission Chair John Reed Stark has predicted a massive uptick in cryptocurrency crime after a leadership change that is going to take place at the agency in the near future. Stark, a vocal critic of the cryptocurrency industry, recently admitted that the agency’s efforts to regulate the industry with enforcement actions were essentially over. As reported by U.Today, he expects the agency to drop all non-fraud crypto cases, including the lawsuits against Binance and Coinbase. As reported by U.Today, several top contenders in the race to replace SEC Chair Gary Gensler have already emerged. These…
The institution set up a multi-legged strategy in Derive’s onchain options market, generating $25 million in volume. The strategy will make the most profit if BTC rises to $80,000 by the end of November. As the U.S. election nears, increased betting and hedging tied to the political event, is powering notable increases in trading volumes in the crypto market. The election will have far-reaching consequences for the crypto regulatory space in the world’s largest economy. Early this week, the decentralized derivatives exchange Derive saw an institution take a multi-legged bitcoin (BTC) options strategy, betting on a continued move higher in…
What’s good for the L1 is good for the L2s. That’s the assessment the teams behind zkSync and Polygon, two of the leading layer-2 networks running on top of Ethereum, gave of a recent proposal to overhaul the $400 billion blockchain, dismissing suggestions it would make their auxiliary networks redundant. Last week, at the biennial Devcon gathering in Bangkok, Thailand, developer Justin Drake laid out an ambitious plan to revamp Ethereum’s consensus layer architecture. As part of that plan, which has come to be known as the “Beam Chain,” Drake suggested incorporating zero-knowledge cryptography, which several L2s use to compress…
As what could be “the biggest crypto bull run ever” develops, investors are looking for high-growth potential solid investment plays. In this context, Alex Becker shared what he believes is “the easiest and surest” play for ten to 30-fold returns. Becker is a well-known crypto entrepreneur, CEO of Hyros, and co-founder of Neo Tokyo, with over 1 million followers. As for his recommendation, the investor believes “utility altcoins” offer the best investing opportunity, although they are “not sexy.” “People don’t understand the utility play. It’s not sexy but its the easiest & surest 10-30x in crypto,” he said. “This is…
TRON has generated $205 million in revenue for October. Justin Sun, the founder of TRON, confirmed this record in a post on X today. He disclosed that the latest figure marks the platform’s second-highest monthly earnings, following August’s $220 million record. TRON’s October revenue hit $205 million, the second-highest in its history (the highest was $220 million in August). With continued growth in DeFi, Meme, and NFT sectors, I believe TRON’s monthly revenue will stay above $200 million. — H.E. Justin Sun🌞(hiring) (@justinsuntron) November 1, 2024 Notably, growth in DeFi, memecoins, and NFTs is driving TRON’s continued momentum in 2024.…
The crypto market is buzzing with speculation, as TRON founder Justin Sun is expected to meet President-elect Donald Trump and potentially serve as a Web3 advisor. The cryptocurrency market has been awash with speculation following the recent U.S. presidential election. Bitcoin (BTC) and Ether (ETH) prices skyrocketed amid growing optimism about the sector’s future. The global crypto market has now surpassed $3 trillion, buoyed by a wave of investor confidence linked to Donald Trump’s return as President-elect. While industry insiders and crypto enthusiasts have been closely monitoring developments, anticipating a potential shift in U.S. crypto regulation under Trump’s leadership, a…
On Oct. 23, investors in BlackRock’s IBIT capitalized on Bitcoin’s over 3% decline, contributing $317 million in inflows to the fund as the cryptocurrency tested a critical support level at $65,000. On Oct. 23, Bitcoin faced significant downward pressure, sliding 3.3% to close at $66,649, a sharp contrast to the 0.12% gain in the previous session. Testing buyer demand at $65,000, BTC managed to find support with a session low of $65,161 before climbing back above the $66,000 level. The broader cryptocurrency market mirrored this decline, shedding 1.45% to a total market capitalization of $2.242 trillion. This decline can be…
The recent decline in the ETH/BTC ratio has sparked renewed interest among investors, particularly those in Korea and the U.S., looking to maximize their entry points. With Ethereum’s price stabilizing above $3,000, many see this dip as a strategic opportunity rather than a downturn. According to analysis from COINOTAG, this shift is more than just a fluctuation; it indicates a potential bullish trend emerging in the Ethereum market. Investor interest in Ethereum surges following ETH/BTC’s drop, prompting accumulation as analysts predict a potential bullish trend ahead. What the ETH/BTC pair signals for Ethereum The ETH/BTC pair recently fell to its…
History has shown that great technological shifts create vast wealth. Crypto, the next frontier, is no exception. Decentralized Wealth Will Surpass All Previous Tech Revolutions The first trillionaire will emerge from the crypto world. Like past tech booms created billionaires, crypto will generate wealth on an even larger scale. Blockchain and decentralized finance (defi) are reshaping the economy, with impacts that will surpass any previous tech revolution. A New Kind of Financial Revolution Past technological revolutions created vast wealth and changed economies. The Industrial Revolution made billionaires, while the internet boom of the ’90s enriched tech companies, like Amazon and…
Tether (USDT) is showing signs of shifting to European, Middle Eastern, and African markets, due to regulatory constraints in the United States. USDT remains highly active as its supply grew past $120B. However, the token’s legal status is being questioned again. Tether’s USDT is more widely used in European, Middle Eastern, and African markets, as revealed by on-chain data. The leading stablecoin recently showed it is still making adoption headway in Northern and Eastern Europe, but on-chain activity shows a different regional profile. Tether estimates up to 330M wallets will use USDT globally, with the majority of usage concentrated in…