Author: NBTC

The California Department of Financial Protection and Innovation (DFPI) has now permanently revoked the license of bankrupt crypto lender BlockFi, two years after initially suspending it. An Array of Violations Announced yesterday (Friday), the state regulator disclosed that BlockFi has agreed to settle by accepting the license revocation. The bankrupt company further agreed to cease any practices that violated regulations or posed risks to consumers. According to the DFPI’s latest report, BlockFi breached license conditions by failing to evaluate borrowers’ repayment ability and by charging interest before loan proceeds were disbursed. Additionally, the platform did not provide credit counselling to…

Binance, the world’s largest cryptocurrency exchange, started the day with altcoin announcements. Binance gave good news to XRP and Dogecoin (DOGE) users. At this point, Binance Earn announced that it has added XRP and Dogecoin (DOGE) to its smart arbitrage offerings. “Dear Binancians, Binance Earn is excited to announce the addition of XRP and DOGE to Smart Arbitrage. The minimum investment is set at 12.5 USDT. To celebrate the addition of XRP and DOGE to smart arbitrage offerings, we are running a special campaign with a total reward of 45,000 USDT. Promotion Period: 08.11.2024 at 04:00 (UTC) – 21.11.2024 at…

Prominent trader Henrik Zeberg has predicted that the price of Bitcoin, the leading cryptocurrency, could skyrocket to as much as $123,000. After completing a long consolidation phase, Bitcoin will eventually surge above its current all-time high of roughly $74,000, which was achieved back in March, according to Zeberg’s prediction. Following this breakout, Bitcoin is then expected to reach the aforementioned bullish target in less than three months due to very powerful upward momentum. The bullish target would correspond with the 1.618 Fibonacci extension level (around 114,916), according to Zeberg’s chart. Making it Simple!#BTC target 115-123K pic.twitter.com/Knm34wpYTP — Henrik Zeberg (@HenrikZeberg)…

Crypto investment products experienced inflows of $2.2 billion, pushing year-to-date totals to a record $29.2 billion. Crypto investment products drew $2.2 billion in inflows last week, bringing year-to-date inflows close to $30 billion and total assets under management above $100 billion for only the second time, matching the $102 billion level recorded in early June, according to data from CoinShares. CoinShares head of research James Butterfill attributed the recent inflows to investor sentiment surrounding the upcoming U.S. elections, saying “euphoria around the prospect of a Republican victory were the likely reason for these inflows as they were in the first…

Binance has officially launched Binance SOL Staking (BNSOL), which lets users stake their Solana (SOL) tokens and earn rewards through a liquid staking token, BNSOL. This token lets users trade, lend or use staked assets across Binance’s product suite and decentralized finance platforms without losing staking rewards. Built on Solana’s Stake Pool Program, BNSOL has lots of security features, including multiple audits, so investors can rest easy. What’s more, the BNSOL token has a conversion ratio that is updated at each Solana epoch, so it reflects accumulated staking rewards over time. If you want to withdraw your stakes, Binance has…

Pro-XRP lawyer Jeremy Hogan believes there could be significant changes in the SEC cases against crypto-related companies, including Ripple. Crypto enthusiasts speculate how Donald Trump’s emergence as the U.S. president-elect might impact the broader crypto industry. During his campaign, Trump promised to implement several pro-crypto actions that could make the United States a global crypto leader. Some of his promises include firing SEC Chair Gary Gensler and supporting favorable crypto policies. However, he did not comment on the existing SEC-filed legal cases against crypto companies like Ripple. Hogan Reveals the Fate of Crypto Cases Under New SEC Chair Consequently, crypto…

A widely followed crypto analyst is issuing an alert about Bitcoin (BTC), saying that the top digital asset could collapse if one key level breaks down. In a new strategy session, crypto trader Justin Bennett tells his 113,900 followers on the social media platform X that Bitcoin could plunge more than 8% from its current value. Bennett uses the whale versus retail delta indicator (WRD), which gauges whether whales or retail traders are more bullish. A higher value means more whales are longer Bitcoin than retail traders. The declining WRD value is bearish Bitcoin since whales tend to be a…

Ethereum has found it difficult to keep up with Bitcoin, which has surged to record highs in recent weeks. Ethereum has maintained a descending price channel, indicating a more muted performance, while Bitcoin has garnered attention with its spectacular rally. The market appears to be generally bullish, but ETH does not appear to have the momentum necessary for a big breakout. Ethereum appears to be stuck in a downward trend, with no immediate indications of an upside breakout, according to the daily chart’s current descending channel. Selling pressure has reacted to recent attempts to break above resistance, highlighting the upper…

The UAE is well on its way to transform their financial sector by tokenizing the U.S. Treasury bills (T-Bills) on the blockchain through the Realize T-BILLS fund. This groundbreaking initiative aligns with the global demand for secure, accessible, and decentralized financial products. Traditionally, these U.S. government-backed T-Bills are low-risk investments. However, their use has been mostly limited to traditional financial markets, making them less accessible to tech-savvy investors in the blockchain space. And by tokenizing T-Bills through the Realize T-BILLS Fund, UAE wants to fix this. This combines the security and stability of T-Bills with the accessibility and transparency of…

According to data shared by the Shibburn tracking platform, over the last 24 hours, the SHIB burn rate has gone deep down into the red zone, with just a tiny amount of meme coins extracted from the circulating supply. In the meantime, the pace of activity on Shibarium continues to remain slow, which does not provide any good contributions to regular SHIB burns. SHIB burns plunge, so does Shibarium activity The above-mentioned burn transaction tracker shows that over the last 24 hours, the burn rate is almost -20%, with a total of 2,516,677 SHIB coins transferred to unspendable blockchain addresses…