Author: NBTC
Kraken, one of the leading cryptocurrency exchanges, has announced that the Solana-based Bonk (BONK) meme coin is now available for trading in the US and Canada. The red-hot meme cryptocurrency initially appeared on the meme coin scene in late 2022. The token managed to attain significant popularity right from the get-go because of its airdrop. It was pitched as the “meme coin for the people,” with half of its supply being distributed to various members of the Solana community. Despite its meme coin status and frivolous nature, Bonk has managed to gain some utility by being integrated into various decentralized…
Last night, the US Federal Reserve (FED) announced that it had cut interest rates by 50 basis points after four years. Following this decision, the price of Bitcoin rose above $62,000. While the Bitcoin price rose in initial reaction, now analysts are trying to predict how the BTC price will move. Bitcoin Rise Expectation Continues! Speaking to DL News, CoinMarketCap chief researcher Alice Liu said that she expects new highs in the BTC price. Noting that Bitcoin has risen by about 90 percent in the fourth quarter of the last decade, Liu said, “There is a chance that we will…
Crypto market-focused investment company QCP Capital emphasized that the Federal Reserve (FED) meeting minutes announced yesterday on its official channel displayed a less dovish tone than expected and that the FED’s victory in the fight against inflation should be questioned. With the strong nonfarm payrolls data released last Friday, market expectations for a 25 basis point rate cut in November rose to 83.7% from 67.9% last week. This week, the focus of the markets will be on the Consumer Price Index (CPI) data to be released tonight and the Producer Price Index (PPI) data to be released tomorrow. Additionally, earnings…
Solana-based tokens have shown impressive growth in Q3 of 2024, marking a strong performance across the ecosystem. According to Solana Daily, various tokens across decentralized finance (DeFi), decentralized exchanges (DEX), and other blockchain sectors experienced massive market cap growth. The platform highlighted that Solana continues to expand its influence in the blockchain space, with several tokens seeing notable increases in value during this period. Tokens Leading Market Growth Among the top performers, CROWN, the native token of the Photo Finish platform, saw a market cap increase of 103%, reaching $110 million. Metaplex’s token, MPLX, followed with a 55% growth, bringing…
Binance executive Tigran Gambaryan was denied bail by a Nigerian judge, a family spokesperson said Friday. Gambaryan, the crypto exchange’s head of financial crime compliance, has been detained in Nigeria since February. He has been in the notorious Kuje prison alongside the likes of terrorist group Boko Haram since fellow Binance employee Nadeem Anjarwalla escaped custody in March. Alongside Binance, Gambaryan was charged with tax evasion and money laundering, though the tax charges were later dropped. The court deferred making a decision on bail in September. Gambaryan’s attorneys filed a new bail application, citing his deteriorating medical condition. One lawyer,…
Stripe is back into the crypto game, after promising to add stablecoins back in April. The service will unroll crypto payments for US businesses. Stripe, one of the actively growing fintech services, will add crypto payments. The new service will accept stablecoins from 150 countries, accepting Circle’s USDC. The first recipients in fiat will be US businesses, before unrolling the service to more countries. USDC payments will be processed through Ethereum, Polygon, and Solana. Stripe has not mentioned Base, one of the most widely used chains for issuing USDC payments. okee, crypto on @stripe is officially back! – accept stablecoins…
Sei, the layer-1 blockchain for high-frequency crypto trading, saw its native token’s price jump more than 23% in 24 hours as top altcoins rallied alongside Bitcoin. On Sept. 19, Sei (SEI) rose from lows of $0.26 to hit $0.35 across major exchanges. SEI trading volume surged 159% to over $270 million, while the altcoin’s market cap reached $1.1 billion. The gains saw SEI rank second among the biggest gainers in the top 100 coins by market cap, trailing only the rallying Popcat (POPCAT). The Solana meme coin was up 33% in 24 hours, with its price hovering near $0.92. Both…
The French investment space is experiencing new trends that are driving younger and more active investors into the market. This is according to a study that revealed that 40% of French investors made their first investment in the last four years. The study by the AMF and OECD also highlighted the rise of independent, self-directed investors. This new trend points to a shift from traditional assets towards more innovative options, including ETFs, crypto-assets, and crowdfunding. According to the study, 24% of French people identify as independent and active investors. These investors take control of their portfolios, opting not to delegate…
The official Shiba Inu marketing expert known to the community under the pseudonym Lucie has published a tweet to celebrate the beginning of “Uptober” and hint that Shibarium and its DeFi system are ready for it. |￣￣￣￣￣￣￣￣￣￣￣| Uptober! |＿＿＿＿＿＿＿＿＿＿＿| \ (•◡•) / \ / —— | | |_ |_. DEFI – SHIBARIUM — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) September 30, 2024 Lucie mentioned the decentralized finance ecosystem on Shibarium after she spread the world a little earlier that SHIB DeFi had reached a major milestone – the amount of total value locked (TVL) on Shibarium surpassed $7 million. TVL refers to the total…
SEC appeals Ripple ruling to Second Circuit, aiming to redefine XRP as a security. Ripple leadership confident, citing prior court skepticism of SEC’s arguments. Appeal outcome may set precedent for U.S. digital asset regulation and crypto market oversight. The U.S. Securities and Exchange Commission (SEC) has officially advanced its appeal in its ongoing legal battle against Ripple Labs, filing it with the Second Circuit Court of Appeals. This development comes after Judge Analisa Torres ruled partially in favor of Ripple in July 2023. The SEC’s appeal, filed on October 4, 2024, has been recorded in the PACER system under docket…