Author: NBTC
Ethereum (ETH) currently trades approximately 11% below its local highs of around $2,730. Investors are optimistic about a potential price surge in the coming days, driven by encouraging on-chain data. Key metrics from Glassnode indicate a decline in ETH inflows into exchanges, suggesting that investors are holding onto their assets rather than selling. This trend typically points to increased accumulation and could foreshadow a bullish breakout. As the broader crypto market evolves, Ethereum investors remain vigilant, anticipating a bullish reclaim that could propel prices higher. The decrease in exchange inflows could signify that traders are positioning themselves for a potential…
CNBC host and TV expert Jim Cramer has released a new commentary on the financial markets, with a special focus on cryptocurrency and China. As many may know, Chinese stocks have been on a crazy parabolic run in recent days after the People’s Bank of China, a key player in the country’s monetary policy, eased policy and lowered interest rates. The result was immediate as, for example, the China A50, a major index of the Chinese stock market, has soared over 41% since Sept. 18. Such an epic anomaly would not have gone unnoticed, and many pundits began analyzing and…
Ripple’s development arm, RippleX, has published a tweet, spreading the word about an event for the community of XRP holders, dubbed “XRP Community Night.” The event is to take place on Oct. 17 at the Miami Beach Edition Hotel, according to the announcement published earlier today. The tweet promises that attendees will get a chance to connect with the XRP community (builders and users) and experts from the blockchain and crypto industries. The focus will be on projects that are building on XRPL and utilize XRPL and XRP. Aside from that, they will be treated to complimentary food and drinks,…
Japan’s Financial Services Agency (FSA) has said that non-custodial wallet services using authentication technology are not crypto asset trading businesses. This decision, made through the “gray area elimination system,” aims to eliminate legal uncertainties within the crypto industry. With a non-custodial wallet, users can store and manage assets securely. The wallet lets users keep complete control over their private keys, without central administrators, a decentralized approach used by industry leaders Metamask and Phantom. The FSA’s recent judgment on non-custodial wallets was made under the Industrial Competitiveness Enhancement Act. The gray area elimination system, which is a key part of the…
Stablecoin transaction value on Brazil’s local exchanges has surged well beyond Bitcoin, reflecting a sharp rise in their use for B2B cross-border payments. Brazil‘s stablecoin market is thriving, as Latin America becomes the second-fastest-growing region with a year-over-year growth rate exceeding 42%, according to data from blockchain analytics firm Chainalysis. Data from the New York-headquartered firm shows that between July 2023 and June 2024, Brazil received nearly $90.3 billion in crypto, trailing closely behind Argentina. While Bitcoin (BTC) remains popular, stablecoins have emerged as a preferred option on local exchanges, driven by demand for U.S. dollar exposure amid local currency…
The U.S. Securities and Exchange Commission (SEC) has just granted approval for the listing and trading of options on BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT). BREAKING: 🇺🇸 SEC approves options for BlackRock’s spot #Bitcoin ETF. pic.twitter.com/g7R8rSLRI1 — Bitcoin Magazine (@BitcoinMagazine) September 20, 2024 The approved options on the iShares Bitcoin Trust will be physically settled, meaning that when the option is exercised, Bitcoin will be delivered to fulfill the contract. These American-style options can be exercised at any time before the expiration date, providing flexibility for traders. According to the SEC, the listing will follow the same…
An Ethereum whale, who initially received 150,000 ETH through the project’s Initial Coin Offering (ICO), has again started dumping coins. According to crypto analyst EmberCN, the whale moved another 5,000 ETH to Kraken. The movement was worth around $12.22 million and happened a few hours ago. Ethereum ICO whale on a selling spree This transfer comes as a follow-up of a substantial selling spree by the whale over the past two weeks. During this period, the investor sold 45,000 ETH. This was worth about $113.2 million at an average price of $2,516 per ETH. EmberCN shared the whale’s selling history,…
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Never ask a man his salary, a woman her age, or a crypto VC about their 2022 Solana investments. A pair of research notes published a year apart by the crypto venture shop Lattice gives insight into how the year SOL cratered to $9 specifically affected Solana-based startups. Lattice published a 2021 seed round retrospective in 2023, and a 2022 retrospective recently in 2024. 26%, or more than a quarter, of 2022 Solana seed startups have already failed, and…
While Bitcoin and altcoins have been falling sharply amid tensions between Iran and Israel, the XRP market has been revived by Bitwise Asset Management’s Delaware filing. While this move by Bitwise is seen as the first step for the XRP ETF, if approved, this will be the first XRP ETF for the US market. While investors are excited about a possible XRP ETF, they are also trying to predict how such approval could affect the XRP price in the future. At this point, experts state that the XRP price will be greatly affected after the approval of the XRP ETF,…
France’s Financial Markets Authority (AMF) has expanded its blacklist of unauthorized cryptocurrency service providers, adding 25 new websites to its watchlist since June 11. The move comes as part of the regulator’s ongoing efforts to protect investors from potentially fraudulent digital asset schemes. The AMF, which oversees France’s financial markets, regularly updates its list of websites illegally offering digital asset services and fundraising through initial coin offerings (ICOs) in the country. The latest additions bring the total number of blacklisted crypto-related sites to over 100. Among the newly identified unauthorized platforms are: amzingnewdl.top, ascendex.com, bitcoineprex.ai, bitsacard.com, btceprex360.com, cryptoinnovatebot.net, cryptotrader.app, fin-maga.com,…