Author: NBTC

Kraken has announced the launch of its new global derivatives venue in Bermuda. This initiative aims to provide clients with a licensed trading platform in a recognized jurisdiction. Kraken’s new venue allows clients to trade derivatives around the clock, aligning with the 24/7 nature of the cryptocurrency market. According to the press release, the exchange operates under the regulatory oversight of the Bermuda Monetary Authority, which is recognized for its strong framework in cryptocurrency regulation. With this launch, Kraken expands its offerings to include over 200 different derivative contracts. The timing is important, as many clients seek to use derivatives…

The cost of mining one Bitcoin drastically changed after April’s halving, while eight countries with affordable electricity have already banned BTC mining. Mining Bitcoin (BTC) was once a cash cow for early individual adopters, but not since the halving earlier this year, according to a September study by NFT Evening. People in Ireland, for example, have to spend around $321,112 to mine a single Bitcoin. In Iran, the same process would cost about $1,324. Due to energy costs, U.S. miners operated at a 50% loss when Bitcoin dropped to $57,909 last month. This paradigm played out despite America being one…

An early Bitcoin miner from 2009 three weeks ago ended a decade of inactivity and earlier Tuesday sent an additional 5 bitcoin to crypto exchange Kraken. There has been notable activity from Bitcoin wallets dating back to the Satoshi era in the past year, including a wallet that moved $16 million worth of BTC after 15 years of dormancy. An early bitcoin (BTC) whale who mined the asset in its infancy in 2009 has transferred a portion of its holdings to crypto exchange Kraken after a decade of dormancy, data from on-chain tool Arkham shows. The whale, a colloquial term…

The Bank of Russia has explained that the launch of the digital ruble, the Russian CBDC, will not affect the state’s mechanisms to control inflation or the amount of money issued. The institution clarified that the new currency does not pose risks to the country’s financial stability, and will not change the functions of the banking system. Bank of Russia: Digital Ruble Not a Risk for the Country’s Financial Stability The Bank of Russia recently explained that the digital ruble, Russia’s central bank digital currency (CBDC), will not change how the state manages its monetary policy. In a draft outlining…

XRP has started to shed off its losses from the recent crypto crash. This price rebound is also getting support from whales, who have started a strong accumulation trend for the coin. The bearish sentiment appears to be fading away as XRP enters a more optimistic zone. Earlier today, the market witnessed rising buying activity from XRP whales. As per Whale Alert, more than 26 million XRP coins were transferred from crypto exchange Binance to an unknown wallet. This XRP transfer is worth around $13.62 million, as per the current XRP price. Whales typically buy crypto on prominent trading platforms…

As the U.S. Securities and Exchange Commission (SEC) officially appeals the Ripple case, the XRP community is now focused on a series of crucial dates that could shape the outcome of this long-standing legal battle. After Judge Analisa Torres ruled last year that secondary XRP sales were not securities, many saw it as a win for Ripple, but controversy over institutional sales has kept the case in the spotlight. Now, the SEC’s move to appeal brings new timelines that Ripple and XRP holders must keep in mind. Key dates in the appeal process include the SEC’s opening brief, which is…

Last week, decentralized exchanges (DEXs) trading saw a marked increase, reaching $39.99 billion. This week’s rate of 24.67% growth signifies the increasing traction of decentralized finance. Among the best performers, Uniswap remained on top with $10 billion in trading volume and $1.88 billion in total value locked (TVL). Phoenix, a crypto media platform, shared the list of top decentralized exchanges (DEXs) by weekly trading volume through its official X account. TOP #DECENTRALIZED EXCHANGES BY WEEKLY TRADING VOLUME #Uniswap #Pancakeswap #Raydium #Orca #Aerodrome #Curve #DODO #ThorChain #LFJ pic.twitter.com/NS2xr1SzQN — PHOENIX – Crypto News & Analytics (@pnxgrp) October 3, 2024 Uniswap Maintains…

Ethena’s USDe stablecoin, also known as the “synthetic dollar,” has seen nearly $100 million in redemptions over the past few days during a massive market selloff that has seen Bitcoin fall below $50,000 and Ethereum give up its 2024 gains. Significant market turbulence likely triggered these redemptions from users, putting some pressure on the protocol. On Monday, over $1 billion in lending trades were liquidated on centralized exchanges and over $400 million on DeFi protocols, marking one of the largest liquidation events of the year. Meanwhile, USDe managed to maintain its peg to the US dollar. However, its price fluctuated…

Attorney Jeremy Hogan provides a critical analysis of the SEC’s decision to appeal the Ripple ruling. As earlier reported, the SEC has revealed its intentions to appeal Judge Torres’ verdict in the Ripple case. Although the agency has not officially filed the appeal brief, there are speculations that the upcoming appeal would revolve around Judge Torres’ decision on Ripple’s programmatic sales and other distributions of XRP, which were deemed non-investment contracts. This speculation emanates from the fact that the regulator had attempted to overturn these decisions through an interlocutory appeal. While the judge denied this interlocutory appeal request at the…

Bybit to Delist CEEK/USDT Perpetual Contract on October 10 Bybit Exchange has announced that it will delist the CEEK/USDT perpetual contract on October 10, 2024, at 10:00 UTC, according to a statement on its official website. This move is part of Bybit’s periodic review of its trading products to ensure they align with the platform’s standards and market demand. What This Means for Traders The delisting of the CEEK/USDT perpetual contract means that after October 10, traders will no longer be able to open or close positions for this trading pair on Bybit. Users with open positions are encouraged to…