Author: NBTC
With digital assets getting more support from both sides of the red-blue divide, Coinbase’s conversations with traditional financial institutions have been picking up steam, said Shan Aggarwal, the exchange’s vice president of corporate and business development. In an interview with Decrypt at Messari Mainnet, Aggarwal said that Coinbase’s talks with big financial firms have “taken a turn” in the past six to nine months, particularly as the cryptocurrency issue in the U.S. has become increasingly bipartisan. He said conversations could eventually bring more traditional financial players into Web3, fueling mass adoption of digital assets. “A lot of traditional financial firms…
Bitcoin hits a 25-day high; trading volume surges 86%, signaling “Uptober.” Whales profit, selling 30,000 BTC amid short position liquidations. Bitcoin, the world’s largest cryptocurrency, has once again sparked excitement within the market by reaching a 25-day high of $64,745 just hours ago. Over the past 24 hours, Bitcoin’s trading volume has surged by 86%, rekindling optimism among traders. Many in the crypto community are already calling it a taste of “Uptober,” hopeful that Bitcoin’s performance will continue to improve in the coming weeks. Notably, the cryptocurrency struggled earlier in the month, but whales have profited amidst these fluctuations. Data…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In mid-August 2024, Ethereum (ETH) gas fees dipped to 0.6 gwei—a record low since 2019. While some see this as a concerning drop, it is symptomatic of broader, healthier shifts within the ecosystem. You might also like: Can Ethereum provide a settlement layer for financial markets? | Opinion Lower gas fees reflect decreased mainnet transaction volume, which has, in turn, led to reduced staking yields for validators. Simultaneously, the slow adoption of Ethereum exchange-traded funds in the…
21Shares has urged the European Securities and Markets Authority to create a “much-needed clarity” for retail and institutional crypto investors across Europe. Crypto investment firm 21Shares is pressing the European Securities and Markets Authority to establish clearer guidelines for including crypto assets in Undertakings for Collective Investment in Transferable Securities funds, addressing regulatory inconsistencies across Europe. In a Monday press release, on Oct. 7, the Zurich-headquartered firm said that the move aims to address regulatory inconsistencies across Europe, which currently lead to confusion for both retail and institutional investors. While some European countries, such as Germany and Malta, permit UCITS…
Rockdale, a small town in Texas, went through an economic disaster in 2008. The Alcoa aluminum plant, once the largest employer in town, shut down due to rising energy costs and new regulations. The plant, which opened in 1952, had been the backbone of Rockdale’s economy for decades, providing jobs and tax revenue. When it closed, hundreds of jobs vanished, and families were forced to leave. The town’s tax base crumbled, hitting public services like schools and parks. It seemed like Rockdale had hit rock bottom. Bitcoin’s role in Rockdale’s recovery Rockdale’s fortunes changed when Bitcoin came into the picture.…
Bitcoin (BTC) price rallied over 8 percent last week to close above $63k following the ongoing economic shift triggered by the U.S. Fed’s rate cut. Having successfully rebounded from the 50-week Moving Average (MA), Bitcoin price is now retesting the crucial resistance level above $64k. The notable Bitcoin price rebound in the past two weeks has significantly reduced the fear of further crypto capitulation. Bitcoin’s fear and greed index hovered above 50 percent on Monday during the early Asian session. Bitcoin Whales Increases Appetite Amid the global geopolitical uncertainties, especially between NATO and the BRICS movement, the demand for Bitcoin…
Interchain Foundation has dumped 4,000 ETH ($9.5M);, which is part of the single-day dumplings that has hit 15,100 ETH ($37.09M) this year since April. The foundation established large ownership stakes in their token sales of 2017, and has since then disposed of 4,499 BTC and 223,305 ETH for $132.2 million. Most of their token is tied with the two major cryptocurrencies, holding 383.8 BTC and 23,587 ETH, and there is no explanation how freshly raised capitals will be used. Cosmos developer Interchain Foundation allegedly continues to sell ETH based on on-chain data, which reveal that the foundation has recently sold…
BRC-20 tokens are moving to turn BTC not only into an electronic currency for Peer-to-peer payments. These tokens cover different requirements: privacy, as well as the representation of assets in the blockchain. The popularity of BRC-20 tokens may have an impact on the position of Bitcoin within the ecosystem. The Bitcoin ecosystem has been extended with the appearance of BRC-20 tokens. These tokens, based on the Bitcoin blockchain, have been popular for the features they brought and the applications that might be launched. In this article, five promising BRC-20 tokens are explored that have recently drawn interest in the cryptocurrency…
Jorge G. Tenreiro, the SEC’s Enforcement Chief for Crypto Assets and Cyber Unit, is facing a bar complaint after signing off the appeal against Ripple and its founders. The SEC’s chief enforcer could face termination from the bar after a misconduct complaint was filed against him. According to an X article, holders of the VERI token have submitted an Amicus Brief to Judge Analissa Torres, who presides over the SEC vs. Ripple case. Tenreiro Faces Allegations of Overreach Tenreiro was one of the SEC’s executives who signed off on the appeal of the case against fintech giant Ripple. The October…
After a quiet weekend in which it stood primarily around $63,000, BTC went on the offensive during the Monday morning Asian trading session but was stopped at just under $65,000. The subsequent rejection brought some more volatility to the market, which has liquidated over 60,000 traders on a daily scale. Bitcoin’s price actions were quite positive in the past several days, especially since the US Federal Reserve cut the key interest rates in the country by 0.5% on Wednesday. BTC reacted with immediate price fluctuations but the bulls prevailed and drove the asset north, culminating in a price surge to…