Author: NBTC
Katie Stockton, founder and managing partner at Fairlead Strategies, believes the broader equities market and Bitcoin (BTC) are still in a bull market cycle. Stockton shared her view of the market during an interview on CNBC’s ‘Squawk Box’ on Monday. Highlighting the current market outlook compared to three weeks ago, she said: “We were in a little bit of a pullback but that’s been sort of solved on the upside for the S&P. You know, hasn’t quite resolved yet, [but] almost, we’re very close to that. Where that happens is actually on a strong open above 5440, so we’ve been…
ChatGPT predicts that XRP prices if Ripple wins against the SEC in the final verdict. The ongoing lawsuit between the SEC and Ripple is one factor influencing the price of XRP over the years. Recall that the SEC charged Ripple in 2020, alleging that the company violated securities laws while selling the coin to retail and institutional investors. Since the SEC filed its lawsuit on Dec. 22, 2020, XRP has endured a bearish trend. While most digital assets recorded new all-time highs (ATHs) in 2021, XRP failed to surpass its previous record of $3.84, registered on Jan. 4, 2018. As…
In a significant update to the United Arab Emirates’ judicial approach to cryptocurrency, the Dubai Court of First Instance has ruled that cryptocurrency salary payments are valid under employment contracts. Irina HEAVER, a partner at UAE law firm NeosLegal, explained that the ruling in case number 1739 of 2024 marks a departure from the court’s previous position in 2023, when a similar claim was dismissed because the cryptocurrency involved was not accurately valued. Heaver believes that this demonstrates a “progressive approach” to integrating digital currencies into the country’s legal and economic system. Heaver said the case involved an employee who…
BlackRock CEO Larry Fink recently addressed the Group of Seven (G7) leaders. He highlighted a significant shift in the global financial system. Fink emphasized the growing role of capital markets as the primary source of private-sector financing. This change signals a pressing need for new strategies to unlock financial potential. Larry Fink: The “Growth Dilemma” In a keynote address, Fink highlighted a pressing “growth dilemma” impacting emerging economies and established economic powers. “The International Monetary Fund and the World Bank were created 80 years ago when banks, not markets, financed most things. Today, the financial world is flipped. The capital…
The Shiba Inu (SHIB) community is abuzz with excitement as the lead developers, Shytoshi Kusama and Kaal Dhairya, are hinted to be embarking on an adventure. Lucie, a Shiba Inu team member, has expressed her enthusiasm, adding to the growing anticipation within the community. In a tweet, Lucie hinted at an upcoming adventure involving the Shiba Inu developers: “Luck is what happens when preparation meets opportunity. Looking forward to our Shytoshi Kusama and Kaal Dhairya adventure,” she said, capturing the sentiment of many within the SHIB community, who are eager to see what this journey will entail and how it…
Ukrainian financial detectives have charged a local blogger with $5 million in tax evasion through crypto transactions linked to online affiliate marketing. The Economic Security Bureau of Ukraine has charged a prominent local blogger with evading more than $5 million in taxes through a sophisticated scheme involving crypto transactions, according to an Aug. 16 press release. The financial intelligence agency says the blogger, known for his involvement in web traffic arbitration and affiliate marketing, orchestrated a complex operation to conceal substantial income generated from various online industries, including gambling, dating, betting, and health products. A suspect during the raid |…
The Lava Loans protocol (v2) is a scheme designed by Lava building upon Discreet Log Contracts (DLCs) to facilitate a trustless Bitcoin collateralized loan system. The huge implosion in the market last cycle caused by centralized platforms facilitating Bitcoin backed loans showed that left unchecked, such products and services can present a massive systemic risk to the entire market in the ecosystem. Lava seeks to provide the same utility users of such centralized platforms sought in a decentralized and atomic fashion, using DLCs. DLCs, for those unfamiliar with the concept, are a smart contract designed to settle a certain way…
Crypto investment products saw inflows of US$441 million last week, as investors viewed recent price weakness as a buying opportunity, according to asset management firm CoinShares. The sell-off pressure from Mt. Gox and the German government likely prompted this surge in interest after three consecutive weeks of outflows. Bitcoin dominated with US$398 million in inflows, accounting for 90% of the total. Despite the considerable dominance, the report by CoinShares highlights that this is relatively low, indicating that investors decided to diversify their investments in altcoins. Solana emerged as the best-performing altcoin from a flows perspective, seeing US$16 million last week…
Taiwan’s Ministry of Justice and Binance crack a NT$200M crypto laundering ring, showcasing the power of public-private partnerships. Binance’s blockchain expertise was crucial in identifying suspects and advancing Taiwan’s NT$200M cryptocurrency money laundering case. Beyond Taiwan, Binance aids global law enforcement, highlighting its role in combating financial crime across multiple jurisdictions. The Financial Crimes Compliance (FCC) team of Binance and the Ministry of Justice Investigation Bureau in Taiwan have just disrupted a sizable cryptocurrency money laundering network. Targeting about NT$200 million (almost $6 million USD), the operation shows how public-private partnerships are becoming increasingly effective in combating sophisticated financial crimes.…
Bitcoin, the leading cryptocurrency by market capitalization, has staged a sudden comeback by reclaiming the pivotal $67,000 level. The crypto king reached an intraday high of $67,260 on the Bitstamp exchange earlier today. It has added more than $2,000 since reaching the intraday low of $65,066. More than $31 million worth of short positions have been liquidated over the past four hours, according to CoinGlass data. The V-shaped recovery was largely due to the strength of the US stock market. The S&P 500 index is up by more than 1%. Earlier today, Nvidia (NVDA) hit a new record high while…