Author: NBTC
May 21 (Reuters) – Trading app Robinhood Markets (HOOD.O, opens new tab is lowering the rate of interest it charges on its margin loans, it said on Tuesday, to encourage more customers to avail this facility that allows them to borrow against securities they hold. WHY IT’S IMPORTANT The company has rolled out a series of features recently as it looks to grow into a full-fledged broker and meet the demands of retail investors for sophisticated products. The renewed structure could increase its popularity among such investors, who have often used Robinhood for their social media-fueled campaigns against Wall Street.…
Bitcoin-powered layer-one blockchain Core Chain is now letting investors stake their BTC—something that, historically, BTC holders haven’t been able to do. Staking tokens reward users with a percentage yield—often in the single digits—over a period of time. This has notoriously been exclusive to proof-of-stake blockchains. Traders on Bitcoin, which uses proof-of-work, haven’t been able to stake their tokens. But Core Chain now allows BTC holders to earn yield by participating in Core Chain’s consensus mechanism, called Satoshi Plus, which combines Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS). Enabling users to stake BTC is the next step…
Tether, issuer of the largest stablecoin USDT, said Thursday it has teamed up with blockchain surveillance company Chainalysis to monitor transactions with its tokens on secondary markets. The surveillance system includes international sanctions compliance and illicit transfer detection that could be associated with activities like terrorist financing, and would help Tether identify crypto wallets that could “pose risks or may be associated with illicit and/or sanctioned addresses,” according to Tether’s blog post. “Our collaboration with Chainalysis marks a pivotal step in our ongoing commitment to establishing transparency and security within the cryptocurrency industry,” Tether CEO Paolo Ardoino said in a…
Jupiter Exchange launched the Giant Unified Market (GUM) initiative to combine different types of investments into one market on the Solana blockchain. The GUM Alliance aims to bring together investments like meme coins, real-world assets, stocks, and forex into a single market, making trading between them easier and more direct. The alliance, comprised of leading teams in asset handling, liquidity, and distribution, plans to add more types of investments to Solana (SOL), ensuring the markets have enough cash flow to operate smoothly and integrating the markets into Jupiter’s platform to encourage adoption. Gabe Otte from DinariGlobal is excited to offer…
JPMorgan notes that mining stocks have slumped ahead of the bitcoin halving. The bank favors Riot Platforms and Iris Energy. Bitcoin’s outperformance may mean that part of the typical post-halving rally has been pulled forward, the report said. Recent weakness in mining stocks ahead of the bitcoin (BTC) halving offers an attractive entry point for investors, JPMorgan (JPM) said in a research report on Tuesday. The total market cap of the 14 U.S.-listed bitcoin miners tracked by the bank fell 28%, or $5.8 billion, to $14.2 billion, from March 31 to April 15, the report said. All of the stocks…
According to the latest data, 62 blockchain or cryptocurrency projects have collectively raised $474 million over the past 20 days of May. Leading the charge, the entertainment-focused blockchain project Sophon garnered $60 million in a node sale, with Securitize following closely, raising $47 million. May Sees $474M Invested in Blockchain Startups Since the start of May, $474.08 million has been invested in blockchain and crypto startups and projects. Among these, 62 projects secured funding, including four Bitcoin ecosystem projects, which collectively raised nearly $20 million. Botanix Labs led this group with $8.5 million, followed by Arch Network with $7 million,…
After a shaky Wednesday marked by the Fed announcement about no more interest rate cuts before inflation shows strong signs of staying at 2%, Bitcoin is up 2.2%. Despite being just a slight recovery, the movement was enough to boost two-digit gains on assets such as POPCAT, WZRD, and OMNOM. TRB, the native token of Tellor Tributes oracle protocol, leads the top gainers with a 62% growth, according to data aggregator CoinGecko. However, the profile crypto4light shared on CoinMarketCap’s community that this might be a manipulated move caused by whales. The recently launched KMNO, from Solana’s money market Kamino, came…
Coinbase has announced the opening of trading on futures contracts on gold and oil. This new feature will be available starting from June 3, according to what was communicated by Coinbase Derivatives. A market in evolution Coinbase: Trading opportunities for gold and oil futures A strategic step A market in evolution Coinbase, known for being one of the main cryptocurrency exchanges in the United States, has stated that, while keeping crypto derivatives as the core of its business, the introduction of oil and gold futures certainly represents an important step to diversify the trading opportunities offered to its users. These…
As bitcoin’s price action shows signs of continued bearishness, the digital currency’s trading volume and market capitalization suggest a volatile but keenly watched market. Bitcoin Bitcoin’s (BTC) current trading price of $62,891 to $63,075 per unit underscores a market grappling with uncertainty, reflected in an intraday trading range between $61,773 and $64,414 over the last 24 hours. The substantial volume of $36.08 billion, coupled with a market capitalization reaching $1.23 trillion, indicates active trading sessions but with a bearish bias as suggested by the prevalent selling actions across several key moving averages and oscillators. The overall market sentiment leans toward…
Arkham Intelligence data has exposed the crypto portfolios of some of the world’s most well-known figures: Justin Bieber, Jimmy Fallon, and Donald Trump. The surprising findings offer a glimpse into these celebrities’ digital investments, revealing substantial holdings and intriguing transactions. Crypto Portfolios of Bieber, Fallon, and Trump: What’s Inside? According to Arkham Intelligence data, pop icon Justin Bieber has a crypto net worth of $556,890. His top holding is Ethereum (ETH), worth approximately $536,080. Other notable Bieber holdings include ApeCoin (APE) and Dione (DIONE). He owns 12,136 APE and 301,027 DIONE. His DIONE holding is particularly interesting, given it is…