Author: NBTC
The Federal Bureau of Investigations (FBI) announced Thursday that it has arrested a man and charged him over hijacking the Twitter (aka X) account of the Securities and Exchange Commission (SEC), using the account to tweet prematurely in January that the agency had approved Bitcoin ETFs. That false statement immediately led to a spike in the price of Bitcoin. Eric Council Jr. of Athens, Alabama was arrested Thursday and charged with the crime, with authorities alleging that the 25-year-old used a “SIM swapping” technique to take over a phone number and ultimately gain unauthorized access to the SEC’s Twitter account.…
Global platforms like Gate.io and Crypto.com compete with local options like Northcrypto in Finland’s growing crypto market. Finnish exchanges focus on user-friendly interfaces and educational resources to attract new crypto investors. There’s a trend towards integrating traditional financial services with cryptocurrency trading, as seen with Uphold’s multi-asset approach. Cryptocurrency paper trading ensures that those who practice do not lose or gain anything in the process. It normally includes connecting to a trading site, observing the demo accounts offered, and experimenting with the trading items. Such a strategy is useful because it enables traders still learn how the markets work to…
Bitcoin may be experiencing a decline against more stable assets such as gold as investors shift appetite from risk assets amid economic uncertainties. Bloomberg’s senior commodity strategist, Mike McGlone, recently suggested that Bitcoin could experience a decline in its valuation compared to gold, a traditional safe-haven asset. This analysis from the market technician comes at a time when investors seem to be shifting away from high-risk assets in favor of more stable options, as the risk of economic tensions worsens. Bitcoin’s Peak and Its Reversion Against Gold According to McGlone, the Bitcoin/Gold ratio recently reached its peak in March 2024.…
The crypto market saw substantial inflows into Ethereum and Bitcoin spot ETFs in the US market on October 17. As per the latest statistics, the cumulative inflows in the Bitcoin $BTC ETFs have touched a staggering $470.5M while the Ethereum $ETH ETFs added $48.4M. These figures indicate a continued institutional interest in these assets with industry giants like Fidelity and BlackRock leading it. US Bitcoin and Ethereum ETF Net Inflows Update on October 17, 2024.The US Spot ETF Net Inflows on October 17, 2024, are recorded at +$470.5M for BTC and +$48.4M for ETH.1. Key statistics for 11 Bitcoin Spot…
A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s financial landscape amid sanctions. While the digital currency could offer new avenues for trade and reduce reliance on Western systems, concerns remain over its adoption and long-term impact on Russia’s financial independence. Can Russia’s Digital Ruble Break the Grip of Sanctions? The Carnegie Russia Eurasia Center published a paper on Thursday titled “Can the Digital Ruble Shield Russia From Western Sanctions?,” authored by…
In a recent social media chat, Ripple CTO David Schwartz talked about ongoing concerns about how the SEC is handling digital assets, especially when it comes to enforcement. Thus, Schwartz is not convinced by the SEC’s strategy, which he thinks is too broad. He also highlighted the potential consequences of such regulation, where nearly all digital assets could be categorized as securities. This issue is coming up as the ongoing regulatory uncertainty is still affecting Ripple and the wider cryptocurrency space. Of particular relevance to the XRP community was Schwartz’s commentary regarding Ripple’s decision to pay $125 million in the…
A federal judge “erred” in letting prediction market purveyor Kalshi list and trade election contracts, attorneys for the U.S. Commodity Futures Trading Commission argued in a brief to an appellate court Wednesday, reiterating many of the arguments it made before the lower court. The district court judge overseeing Kalshi’s suit against the CFTC ignored the definitions of terms under the Commodity Exchange Act and “without basis” barred the agency from examining “‘transactions’ that involve gaming,” the filing said. The judge ruled last month that the CFTC couldn’t bar Kalshi from listing election contracts. The regulator filed with the appeals court…
Paper trading apps provide risk-free environments for traders to practice strategies and learn market dynamics. Different platforms offer specialized features, from simulating real-world conditions to advanced analytical tools. These apps cater to various trading styles, including leveraged trading and comprehensive market analysis. In such an ever-evolving market as cryptocurrency, paper trading apps have become one of the essentials for beginners and professionals alike. These platforms give the trader opportunities to practice trading skills and also get information about the market without risking their own money. The article below reviews some of the most popular crypto paper trading applications, together with…
For much of the past year, predictions were rife that Ethereum’s (ETH) price could reach five-digits. However, as Bitcoin (BTC) surged in 2024 while ETH lagged behind, market analysts have reassessed their forecasts. With ETH struggling to keep pace, expectations for a $6,000 price tag have now been tempered, and indicators show that it might be time to lower expectations this cycle. Investors Favor Bitcoin Over Ethereum In August, the Pi Cycle Top revealed that Ethereum’s price could surpass $6,000 before the end of this bull market. Since then, several factors have shifted, making the initial prediction less attainable. The…
SunPump, Tron’s memecoin launchpad, has announced a new partnership with TokenPocket, a popular crypto and DeFi wallet, aimed at strengthening the TRON ecosystem. This news was shared on SunPump’s official account on X. They expressed their excitement for the partnership through the tweet. 🎉 We’re delighted to announce that #SunPump has officially formed an ecosystem partnership with @TokenPocket_TP!We truly appreciate #TokenPocket’s strong support for the #TRON meme ecosystem since SunPump’s launch. Their various initiatives have significantly enhanced the… pic.twitter.com/QURtsurNku — SunPump (@sunpumpmeme) September 26, 2024 New Partnership Promises Enhanced Trading Experience for TRON Users Since its launch, TokenPocket has been…