Author: NBTC
Feds have hit an Olympic snowboarder with criminal charges for his alleged role in a cocaine trafficking gang, which used the stablecoin Tether (USDT) as a key part of its billion-dollar operation. A U.S. Department of Justice (DOJ) indictment filed Thursday alleged that former pro snowboarder Ryan James Wedding and 15 other defendants ran a drug-trafficking syndicate, shipping cocaine from Colombia through Mexico and into the United States and Canada. The crime gang committed multiple murders as part of their operation, U.S. authorities alleged—and used crypto to try and evade the cops. “Defendant Bonilla would tender payment to defendants Wedding…
Global cryptocurrency exchange Binance has announced that it will close Scroll (SCR) Pre-Market trading on October 21, 2024 at 12:00 AM UTC and officially list the token for spot trading on October 22, 2024 at 11:00 AM UTC. Binance to End Scroll (SCR) Pre-Market and Launch Full Listing with New Trading Pairs New Spot Trading Pairs for SCR The following trading pairs will be introduced: SCR/BTC SCR/USDT SCR/FDUSD SCR/TRY The deposit address for SCR is now available, allowing users to begin depositing tokens in preparation for trading from 13:00 on October 21st. Withdrawals will open at 11:00 on October 23rd,…
The Monochrome Bitcoin ETF ($IBTC) has seen a steady increase in assets, growing from 123 Bitcoins (AUD 11.4 million) on August 27th to 138 Bitcoins (AUD 12 million) by September 12th, 2024. Monochrome Bitcoin ETF (Ticker: $IBTC) AUM as of 12/09/24 pic.twitter.com/M8nz3hphBl — Monochrome (@MonochromeAsset) September 13, 2024 This growth in Bitcoin holdings reflects strong investor interest and confidence in the ETF. The ETF’s Assets Under Management (AUM) fluctuated during this period, mainly due to Bitcoin’s price swings. The most significant single-day AUM increase was on September 3rd, jumping to AUD 11,732,261.45 alongside a rise in Bitcoin holdings from 126…
DWF Labs, a major Web3 and digital asset market player, has introduced options trading to its platform. This expansion addresses the growing need for advanced risk management tools in the digital asset space, marking a pivotal addition to the firm’s range of offerings. The new feature supports both standard and tailored options contracts. This approach accommodates various trading needs by simplifying options for market participants, from retail traders to large institutions. This expansion also concerns the increasing need for solutions to help traders mitigate the risks and improve portfolio management. Introducing option trading is expected to enhance position management for…
The price of Bitcoin soared back above the make-it-or-break-it $60,000 level earlier this Friday, peaking at $60,018 on the Bitstamp exchange. The current month has now turned green with a modest 1.48% gain. This is despite the fact that September is Bitcoin’s worst-performing month, with only three years in the green since 2013. In 2023, for instance, the flagship cryptocurrency lost as much as 11.29% during September. If bulls continue to hold their ground, this could end up bucking the persistent trend. Bitcoin’s recent price spike was likely driven by new developments on the macro front. Market participants are now…
The past week in the XRP environment was spent closely monitoring the wallet of one of the cofounders of Ripple, Chris Larsen, after, on Sept. 20, the wallet, which had been dormant for 11 years since 2013, suddenly became active. In particular, it transferred 50 million to an unknown new wallet. Then the community of XRP fans began to follow where these funds, equal to a little more than $29.12 million, are going next. As it turned out, according to X user under the nickname “XRP wallets,” they were sent to the world’s largest crypto exchange, Binance. Initially, it was…
OKX, one of the world’s leading cryptocurrency exchanges, has announced plans to delist the KLAY/USDT trading pair as part of its ongoing efforts to manage market risks and provide users with a better trading experience. Permanent Contract Delisting Details Contract Name: KLAY/USDT Delisting Time: October 25, 2024, between 19:00 and 20:00 Impact on Commerce and Users When the KLAY/USDT perpetual contract is delisted: All trading will be suspended and pending orders will be cancelled. The final settlement price will be calculated using the arithmetic mean of the EUR/EX index price for the hour prior to delisting. If unusual price manipulation…
TON, The Open Network blockchain associated with Telegram, has issued an important alert to the crypto community. In a tweet, the TON official alerted crypto users that the TON blockchain might face a large-scale load test starting from 10:00 a.m. (UTC) on Sept. 26 as Hamster Kombat mints tokens on the blockchain. Dear TON ValidatorWe would like to notify you that from the 26th of September 10:00 UTC we are expecting an increased load on the TON blockchain, as the Hamster Kombat game project with more than 100 million monthly active users will be minting coins on the blockchain, which…
Binance has expanded its services in Africa. The platform now allows users in Benin, Cameroon, Ivory Coast, the Democratic Republic of Congo (DRC), Togo, and Senegal to purchase cryptocurrency using mobile money payments. This feature is made possible through local partnerships. The introduction of this service aims to enhance access to cryptocurrency for users in these regions. Currently, the functionality only supports buy transactions. This focus on simplifying the process is intended to make it easier for new users to enter the cryptocurrency market. Binance emphasizes the importance of providing a reliable and secure platform for acquiring digital assets. “We…
Steno Research underlined Bitcoin’s limited exposure to US interest rate cut cycles, noting that BTC has only experienced one such cycle to date, which began in 2019. During this period, Bitcoin fell by about 15% between the Fed’s first rate cut in August and the end of November, when the Fed cut rates by 75 basis points. It wasn’t until aggressive monetary stimulus during the COVID-19 pandemic in March 2020 that Bitcoin found a bottom and began its rapid rise. The first US rate cut of this cycle is approaching, with the next Federal Open Market Committee (FOMC) meeting scheduled…