Author: NBTC
Crypto exchange Backpack has announced the launch of US election prediction tokens– ‘TRUMPWINS’ and ‘HARRISWINS’. With these prediction tokens, traders will be able to bet on the results of the US election. Developed by Wintermute, TRUMPWINS represents Donald Trump’s victory, and HARRISWINS represents Kamala Harris’ victory. The price value of the token will fluctuate based on market sentiment and the likelihood of each candidate winning. Who will win the 2024 US Presidential Election? 🇺🇸 Predict the result by trading the outcome tokens developed by @wintermute_t, $TRUMPWIN and $HARRISWIN. Now listed on Backpack Exchange 🎒 pic.twitter.com/AweKCKoKU4 — Backpack 🎒 (@Backpack) September…
The U.S. Securities Exchange Commission has pursued a spate of lawsuits against prominent crypto exchanges and blockchain technology companies such as Kraken, Binance, and Ripple Labs in recent years. But, the agency’s latest target, Cumberland, isn’t exactly a household name. The Chicago-based market maker—charged on Thursday with acting as an unregistered dealer of securities among other securities-laws violations—is a major player on the crypto scene, and the case against it could have ripple effects for a wide range of crypto firms and traders. The company has denied any wrongdoing. Here’s what you should know about Cumberland DRW. What is Cumberland…
Since adopting Bitcoin into its financial strategy in April 2024, Japanese company Metaplanet has seen its stock value soar. The company’s stock has jumped by an impressive 443.2%, far surpassing other major assets. This sharp rise is largely credited to the company’s bold move to embrace the cryptocurrency standard, which seems to have boosted investor confidence and driven demand. NEW: 🇯🇵 Japanese public company Metaplanet stock performance after adopting the Bitcoin strategy.The #Bitcoin effect 🙌 pic.twitter.com/TYnRL1qLyc — Bitcoin Magazine (@BitcoinMagazine) September 19, 2024 Bitcoin’s Performance in Yen and Broader Market Trends Despite Metaplanet’s success, Bitcoin itself has dropped 10.1% in…
Ripple is rolling out a new suite of crypto storage services designed to help banks and fintech firms securely store and manage crypto assets, according to a new report from CNBC. The initiative is part of Ripple’s strategy to diversify its offerings beyond traditional payment settlement operations. Discussing the latest development, Aaron Slettehaugh, Senior Vice President of Product at Ripple, said the goal is to support the growing needs of businesses operating in the crypto and fintech sectors. “With new features, Ripple Custody is expanding its capabilities to better serve high-growth crypto and fintech businesses with secure and scalable digital…
A report from global investment bank Houlihan Lokey mentions innovations in cross-border payments, revealing Ripple as a growing challenger to SWIFT. A recent report from investment banking firm Houlihan Lokey discusses the improvements transforming the cross-border payments sector. The report, released in April as a Market Update, was recently spotlighted by XRP community figure WrathofKahneman (WOK). One of the observations pointed out by WOK is that Ripple, a blockchain-based payment solution, is emerging as a serious competitor to SWIFT, the dominant player in cross-border payments for decades. April market report on xborder payments from investment bankers Houlihan Lokey mentions #Ripple…
Key Takeaways Bitnomial legally challenges SEC’s classification of XRP as a security. Federal court’s previous ruling on XRP contradicts SEC’s current claims. The US Securities and Exchange Commission (SEC) has faced a second dispute this week. On Thursday, Chicago-based digital asset derivatives exchange Bitnomial said it had brought a lawsuit against the SEC over its claims that XRP futures are “security futures” under its jurisdiction. Bitnomial, regulated by the Commodity Futures Trading Commission (CFTC), had self-certified the XRP US Dollar Futures contract in August, following the final judgment in the SEC vs. Ripple lawsuit. In other words, the exchange had…
According to @OnchainDataNerd, an analytics account on the X social media platform (formerly known as Twitter), there has recently been a large Bitcoin sale initiated by a dormant crypto whale. The tweet published by the aforementioned data source says that the last time this whale showed any activity was five years ago, when they bought slightly less than 1,000 BTC on one of the world’s largest exchanges, Huobi. Now, they have begun selling that BTC on the Binance trading platform. @OnchainDataNerd spread the word about this whale moving 301 Bitcoins to Binance. This amount of the leading cryptocurrency is worth…
In a disclosure dated March 29, Tom Carper, the senior United States Senator from Delaware, revealed a March 21 purchase of $1,001 to $15,000 in Arcadium Lithium (NYSE: ALTM) shares. The mid-cap mining stock had not been traded by any U.S. politician before — and it hasn’t been traded since. ALTM is down 18.50% year-to-date (YTD) — however, the recent October 9 announcement that Rio Tinto (NYSE: RIO) will acquire the company in a $6.7 billion all-cash deal has seen stock prices rise by 30% the same day. Carper acquired shares at a price of $4.63 — at press time,…
The Open Network (TON) emerges as a leader among Layer-1 networks, accounting for a significant proportion of transactions in the L1 space in September. TON blockchain gained mainstream attention in 2024, ascribed to a series of Telegram-related projects launched atop its network. TON Blockchain Leads L1 Transactions in September CryptoQuant data shows TON is the most popular L1 on transaction volume metrics, accounting for 50% of the market in the last month. The report ascribes this traction to major token launches atop its network, including viral tap-to-earn games Hamster Kombat and Catizen and other projects like DOGS and Watbird. Indeed,…
A London resident has denied charges of operating an illegal cryptocurrency ATM business and laundering criminal proceeds. The individual is accused of converting £300,000 into digital currencies without Financial Conduct Authority (FCA) authorization. The regulator stressed that there are no legal crypto ATM operators in the country. London Man Denies Running Illegal Cryptocurrency ATMs Habibur Rahman, a resident of East Ham, London, has denied charges of operating an unlicensed cryptocurrency ATM business and laundering criminal proceeds through cryptocurrency transactions. The 37-year-old appeared at Medway Magistrates’ Court, pleading not guilty to running the illegal machines without authorization from the Financial Conduct…