Author: NBTC
Suspected ENS Investor Transfers 154,000 Tokens to Binance In a significant on-chain event, a wallet suspected to belong to an early Ethereum Name Service (ENS) investor has transferred 154,000 ENS tokens to Binance, valued at approximately $2.47 million. This move, reported by on-chain analyst ai_9684xtpa on X (formerly Twitter), adds to a series of large-scale transactions involving ENS tokens, highlighting potential shifts in investor sentiment and market dynamics for the ENS ecosystem. Introduction to the ENS Token Transfer Overview of the Transfer The recent transfer of 154,000 ENS tokens to Binance marks a notable activity within the ENS token holder…
Blockchain advocacy group the Digital Chamber has urged the Office of Government Ethics (OGE) to reconsider restricting staff of federal agencies from holding crypto assets, including stablecoins. In a letter dated November 13, the group noted that this restriction might negatively impact decisions on the US regulatory framework for crypto. Instead of a blanket ban, as is currently the case, the Digital Chamber is calling for permission for federal employees to hold a minimum amount of crypto assets, which it notes will allow them to be better informed about the industry. The letter stated: “We strongly believe that allowing federal…
Increased ETH holdings by large investors signal heightened confidence in Ethereum’s growth prospects. $210M in ETH ETFs showcases rising institutional interest, fueling Ethereum’s mainstream acceptance and price momentum. Technical analysis predicts a wedge breakout, potentially driving Ethereum’s price to $4,000 before November ends. According to trading data, the Ethereum (ETH), now the second largest cryptocurrency, has every chance of rising to $4,000 before the end of this month. The theories that can reaffirm this possibility of high volatility include; Whale accumulation, institutional buying, and technical analysis among the newer trends. Whale Accumulation Indicates Market Confidence Institutional investors better known as…
XRP, the seventh largest cryptocurrency by market cap, has seen an increase in trading volumes, skyrocketing by 54% as the cryptocurrency market aims to recover after a $225 million sell-off. Crypto-tracked futures saw almost $225 billion in liquidations in the last 24 hours, as the market sell-off escalated over the weekend. Crypto futures saw almost $133 million in long liquidations in the last 24 hours, as Bitcoin’s drop to lows of $67,444 resulted in losses among major tokens. According to CoinMarketCap data, XRP’s trading volume amounted to $1.04 billion in the last 24 hours, or 2.03 billion XRP representing a…
Donald Trump’s victory in the 2024 US presidential election has sent ripples through the crypto industry, signaling what could be a seismic shift in the US regulatory landscape. To understand the implications of this political change, we sat down with Lewis R. Cohen, a leading authority in cryptocurrency law and partner at Cahill Gordon & Reindel LLP. With extensive experience navigating the intersection of blockchain technology and regulatory frameworks, Cohen provides unique insights into what could be the most significant regulatory pivot for the crypto industry since its inception. What immediate changes can we expect in crypto regulation under Trump’s…
Users can now participate in BTC mining on Binance Pool and earn rewards in the form of Fractal Bitcoin. Though, the exchange has no plans to list the FB token any time soon. In a recent announcement, Binance introduced a new feature on Binance Pool that supports merged mining for Fractal Bitcoin. Fractal Bitcoin is a layer 2 side-chain Bitcoin(BTC) scaling solution which uses the Bitcoin core code to “scale unlimited layers on top of the world’s most secure and most-held blockchain,” according to the official website. Binance Pool’s Fractal Bitcoin merged mining will come into effect starting Nov. 18.…
Ethereum (ETH) is gearing up for an explosive bullish phase after decisively breaking above the crucial $3,000 mark. This milestone has fueled optimism among traders and investors, signaling a potential surge to new all-time highs. ETH’s recent price action demonstrates strong momentum, suggesting that the second-largest cryptocurrency by market cap is ready to reclaim its place in the spotlight. Renowned analyst and investor Carl Runefelt has bolstered this bullish outlook with a compelling technical analysis. Sharing his insights, Runefelt pointed out Ethereum’s impressive recovery and growing strength. He emphasized that if current momentum continues, the $6,000 milestone could be within…
Cardano Founder Charles Hoskinson has addressed calls for transparency within the blockchain’s ecosystem. In a short video excerpt shared by Plutus Staking on X, Hoskinson clarified for users the sacrifices he has made for the community. Charles Hoskinson’s massive financial investment and sacrifices According to Hoskinson, a lot of investment has gone into the development of Cardano. He stated that initially, he spent a lot of resources as payment for development contracts. This includes about $36 million worth of Bitcoin and around $6 million of Ethereum. Together, this is worth about $38 million in payments. Hoskinson emphasized that his out-of-pocket…
President Trump’s administration reportedly plans to eliminate capital gains taxes on cryptocurrencies issued by U.S.-registered companies. If enacted, this move would exempt American investors from taxes on profits gained from holding certain digital assets. Should it happen, this shift could drive significant capital inflows toward US-based cryptocurrencies and bolster domestic economic incentives, aligning with the administration’s objective to establish the United States as a global leader in the digital assets sector. According to ColdAI founder Shayan Salehi, a Trump Transition Team member stated that the legislation would only apply to assets issued by entities that registered within US borders before…
The Russian government has greenlit draft amendments to a bill aimed at taxing crypto mining and transactions. Russia is moving forward with a draft amendment to its Bitcoin (BTC) mining legislation, introducing new tax rules for crypto mining, transactions, and related infrastructure. According to an Interfax report, the amendments, announced by the Ministry of Finance, establish new guidelines for taxing income and expenses in the crypto mining sector, along with outlining the tax obligations for operators of mining infrastructure. Under the changes, cryptocurrencies are defined as property for tax purposes. Income from mined tokens will be taxed based on their…