Author: NBTC
Ethereum investors expect increased volatility as the US election draws near, considering DeFi’s regulatory uncertainties. A few whales sold portions of their holdings in contrast to ETH ETF inflows. Ethereum could reclaim the $2,395 level if it bounces off a key trendline. Ethereum (ETH) is down over 4% on Thursday as traders expect high volatility with the US elections approaching. The election results could spark a massive price movement in ETH due to regulatory hurdles the DeFi ecosystem has yet to overcome. Ethereum sees rising volatility ahead of US election Due to regulatory uncertainties surrounding the decentralized finance (DeFi) ecosystem,…
Russia has been increasing its use of cryptocurrency for sanctions evasion, disinformation, and election interference, according to execs for leading blockchain analytics firm Chainalysis. “Russia has become an international force using cryptocurrency for everything from sanctions evasion to ransomware attacks, and most recently, interference and disinformation campaigns targeting the US elections,” said Chainalysis chief marketing officer Ian Andrews during a talk shared on the company’s YouTube channel on Oct. 1. Valerie Kennedy—the firm’s Director of Intelligence Solutions—suggested that crypto use is a sign of desperation on Russia’s part since “in Russia’s perfect world, they would have used a central bank…
Sologenic offers a unified trading platform for cryptocurrencies, stablecoins, and tokenized assets, leveraging the XRP Ledger. The platform focuses on user experience and security, facilitating the tokenization of various assets for portfolio diversification. Sologenic is committed to leading financial technology innovation, combining user-friendly design with cutting-edge technology. Sologenic is making major strides in the trading landscape. It offers a unified platform for cryptocurrencies, stablecoins and tokenized assets such as stocks and ETFs. Meet @madebyfavio, Head of Growth at @realSologenic, and discover how Sologenic offers a seamless trading platform for cryptocurrencies, stablecoins, and tokenized assets like stocks and ETFs. 📶Explore the…
Ripple’s Chief Legal Officer Stuart Alderoty has expressed disappointment following the U.S. Securities and Exchange Commission’s (SEC) decision to appeal the latest ruling in its ongoing lawsuit against Ripple Labs. Ripple Executive Stuart Alderoty Hints At Possibility Of Company Cross-Appeal In XRP Case The SEC filed an appeal on Oct. 2, challenging a previous decision that partially sided with Ripple in a dispute over the classification of XRP as a security. Alderoty called the SEC’s move “disappointing but not surprising,” arguing that it was prolonging what he called a “complete embarrassment” for the regulator. He noted that the court had…
LONDON, Oct 3 (Reuters) – Global bank messaging network SWIFT will trial live transactions of tokenised assets and digital currencies next year, it said on Thursday, the latest step in the currently slow-moving integration of such assets into the wider financial system. Banks and asset managers have been exploring “tokenising” traditional assets like bonds for several years. They hope that by using digital units – usually blockchain-based tokens that represent a share of the underlying asset – trading can be quicker, cheaper and more efficient, including by cutting out middlemen involved in many transactions. So far, however, these have failed…
Old Bitcoin wallets are moving large amounts, signaling potential selling pressure in the market. Over 29,000 Bitcoins held for 6-12 months were transferred, hinting at cautious investors. Bitcoin’s price dip of 1.2% suggests possible correction after hitting a month-high of $64,667. In the last 7 days, Bitcoin’s price jumped nearly 8%, reaching a one-month high of $64,667. However, behind this impressive rise, activity on its network has surged significantly. According to CryptoQuant’s on-chain analyst XBTManager, older Bitcoins are being moved around the network, raising alarms about possible selling pressure. Old Bitcoin Holding Began to Moves According to XBTManager on September…
Ethereum price extended its decline below the $2,350 level. ETH is now recovering from losses and faces a major hurdle near the $2,300 zone. Ethereum declined further and traded below the $2,350 zone. The price is trading below $2,400 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,400 and $2,420 resistance levels to start a decent increase in the near term. Ethereum Price Eyes Recovery Ethereum price remained in a bearish zone and extended losses…
Bitcoin (BTC) crashed in tandem with stock markets on Oct. 1 as tensions continued to escalate in the Middle East after Israel announced ground operations in Lebanon, which has prompted Iran to take action. The official account of Israel Defense Forces on X shared at 4:36 P.M. UTC that Iran was firing rockets at Israeli territory. Additionally, reports claim that Iran is likely to send a second wave of missiles targeting Israel in the ensuing hours. As a result, over $489 million was liquidated over the past 24 hours, with the majority of liquidations — $312 million — occurring within…
Ripple’s bold Union Station ad sparks lively debates among crypto enthusiasts, showcasing the message: “Building a better future for finance. Skeptics compare Ripple’s campaign to FTX, highlighting concerns that visibility doesn’t guarantee stability or price impact for XRP. JPMorgan Chase’s partnership with FCF Pay boosts crypto adoption, offering rewards in XRP and broadening payment options for customers. The most recent marketing campaign from Ripple has sparked intense debates among cryptocurrency enthusiasts. Recently, Jack The Rippler tweeted a video that included Ripple’s Union Station commercial in Washington, DC. “We’re building a better future for finance, are you?” the advertisement asks bluntly.…
Michigan’s Republican nominee for Senate, Mike Rogers, says he’s supported crypto for years, stretching back to the heyday of Silk Road. He’s eagerly engaged with industry watchdogs like Stand With Crypto, and even attended blockchain conferences in person. And yet, when Fairshake, the colossal pro-crypto super PAC, weighed in on Michigan’s senate race weeks ago, it opted not to support Rogers, but rather his opponent: a Democrat, Elissa Slotkin, who as recently as April held an “F” rating on Stand With Crypto’s website. “There is nobody more confused than me,” Rogers told Decrypt of Fairshake’s decision to back his adversary…