Author: NBTC
With an enterprise blockchain network like BSV that scales unbounded, anything and everything can be brought on-chain, including the massive derivatives market. Tokenovate is targeting this $1.2 quadrillion sector with its trailblazing products. As John Anderson revealed, the past year has seen incredible growth as the need for transparency, efficiency, and cost optimization rises. title=”YouTube video player” frameborder=”0″ allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share” referrerpolicy=”strict-origin-when-cross-origin” allowfullscreen=””> Anderson is the chief product officer at Tokenovate, a Cambridge, U.K.-based company that provides distributed financial market infrastructure. Its products, which include smart contracts and tokenization, enable programmatic lifecycle event management of the…
Bitcoin (BTC) has seen a remarkable surge in one of the most important indicators. According to CryptoQuant, the realized cap of BTC has surged 0.66% or $3 billion to $461 billion. This shows the low market movements and net capital inflow into it. The realized cap indicator is widely used to count each coin at a time when it was last traded on the network. Moreover, these coins are revalued during the “hand movements,” when a cost base is established. This helps traders to analyze the inflow and outflow of the net capital on the market. Bitcoin market sentiment Using…
Cumberland and Alameda Research control over $60 billion in Tether (USDT), raising concerns about market stability and transparency. Ryan Salame, former FTX executive, faces 7.5 years in prison for fraud amid ongoing investigations into Cumberland’s practices. Cumberland’s ties to Ripple and various crypto players highlight a complex web of influence in the cryptocurrency landscape. DRW subsidiary Cumberland is closely connected to the Bitcoin scene. The shocking majority of Tether (USDT) was issued by Cumberland and Sam Bankman-Fried’s Alameda Research, it was recently revealed. Together, they are responsible for over $60 billion in USDT. Alameda reportedly managed at least $36.7 billion,…
Two seasoned Ethereum traders have successfully navigated the market after the latest Ethereum price drop, continuing their impressive track record. The whale associated with the wallet address 0xe0b5 has strategically executed eight swing trades since August 12, consistently buying Ethereum at lower prices and selling at higher ones, resulting in substantial gains. So crazy buying of #MOODENG!The whale withdrew 2,000 $SOL($311K) from #OKX to buy $MOODENG again!So far, the whale has spent 27,848 $SOL($4.34M) to buy 17.73M $MOODENG at $0.245, becoming the second-largest holder of $MOODENG.https://t.co/MNpTOqbZ6z pic.twitter.com/r0BRHdL6Ew — Lookonchain (@lookonchain) September 29, 2024 Most recently, the whale executed a significant…
The era of “predictable volatility” in financial markets demands a sweeping overhaul of regulatory approaches, declared Nikhil Rathi, Chief Executive of the UK’s Financial Conduct Authority (FCA), in a speech at the regulator’s International Capital Markets Conference. “The goal of regulation shouldn’t just be to step in when things go wrong, or respond to a crisis,” Rahti stated, emphasizing the need for a paradigm shift in regulatory approach, moving from reactive to proactive measures. “We want to deliberately create an environment that helps firms compete, and grow.” The FCA chief highlighted several key areas for reform, including nurturing market liquidity,…
Sonic Labs (formerly Fantom) cofounder Andre Cronje believes that developers should avoid using layer 2 (L2) app chains. Appchains are customized L2 blockchains designed to meet an application’s specific needs. In an X post, Cronje listed several disadvantages hindering the growth of appchains. These drawbacks include the high cost of infrastructure, fragmented liquidity, and lack of support for developers. Cronje noted that appchains lack infrastructure for deploying stablecoins, oracles, and institutional custody. More importantly, Cronje said that the cost of infrastructure is grossly underestimated. According to him, the costs of custody, exchanges, oracles, bridges, etc. are pretty high. Cronje’s team…
An expert predicts that Bitcoin’s future rise to $315K will make current price fluctuations irrelevant, urging investors to hold at least one BTC. The state of the crypto market has been underwhelming over the last six months, characterized by repeated downturns. Most crypto assets have struggled to sustain an uptrend. Since setting an all-time high in March, Bitcoin has dropped to $49K. Even though Bitcoin trades at around $60K, those who bought at the March peak are experiencing 20% losses. Despite these months of lackluster price action, there have been consistent calls suggesting various bullish price targets for Bitcoin. Market…
Nvidia (NASDAQ: NVDA) board member and the company’s second-largest shareholder, Mark Stevens, is increasing the rate at which he is offloading his stake in the semiconductor giant. The latest trade involving Stevens saw him unload an additional $20.5 million worth of Nvidia stock, adding to his recent selling spree. The trade details indicated that Stevens sold 165,100 shares at an average price of $121.27 per share on September 24, 2024. This brings his total sales to over $60 million within the last two weeks alone. Over the past three weeks, Stevens has made four significant sales, ranging between $4 million…
Prominent XRP community figure WrathofKahneman addresses speculations surrounding Ripple’s upcoming stablecoin RLUSD. In a tweet yesterday, WrathofKahneman suggested that several hype accounts on X have been spreading premature information regarding the pace at which Ripple has been minting its RLUSD stablecoin. According to him, these hype accounts claim that Ripple had minted 80% of the RLUSD supply in just 24 hours. Over 1.7M RLUSD Tokens Minted in Five Days This speculation comes after Ripple Stablecoin Tracker reported huge volumes of minted RLUSD. As of 12:28 a.m. (UTC) on September 24, RLUSD’s maximum total supply surged to 563 tokens following the…
Banq, which filed for bankruptcy last year, had its application dismissed by a U.S. judge who found the application was made to shield the company and its executives from ongoing litigation by a creditor. Banq and its chair Jon Jiles is being sued by creditor N9 over allegations Jiles failed to uphold his fiduciary duties. Crypto neobank Banq, which filed for Chapter 11 in a U.S. bankruptcy court in the district of Nevada, has had its application rejected. The bank’s bankruptcy application was called a “bad faith” tactic to “gain an advantage in pending litigation” and not to reorganize by…