Author: NBTC
The Bank of Russia is planning to investigate cross-border crypto transfers by residents, focusing on banking channels to assess the volume of crypto-related operations. Russia‘s central bank will conduct an investigation into cross-border crypto transactions by residents in Q4 and Q1 2025, according to its latest oversight program in a bid to identify and quantify operations involving the purchase and sale of cryptocurrencies. The investigation will focus on key factors such as transaction forms, transfer directions, counterparties, and the banks facilitating these transfers, the central bank said in a statement. The study will include major financial institutions like Raiffeisenbank, Citibank,…
Martin Hiesboeck, the lead researcher at the American exchange Uphold, argues that Bitcoin appears to be set for a surge close to the $70K level. Bitcoin started the week on a strong note, nearly touching $65,000 after a quiet weekend. Despite facing resistance, the crypto briefly dipped over $2,000 before regaining momentum. Over the past 12 hours, Bitcoin surged near $64,800, though it continues to struggle against the $65,000 resistance. Currently trading below $64,000, the market remains volatile as bulls attempt to push higher. Further Upside Potential? Amid this ongoing trend, industry leaders remain optimistic about Bitcoin’s future trajectory. Experts,…
Ethereum, the second largest cryptocurrency by market capitalization, has seen a massive surge in large transaction volume indicative of whale activity. According to IntoTheBlock data, Ethereum’s large transaction volume amounted to $5.69 billion, an increase of 230.12% in the last 24 hours. Large transactions are those above $100,000, and a surge in these kinds of transactions might signal increased whale activity, either buying or selling. The broader crypto market has recently drawn favorable sentiment, and Ethereum is no exception. According to the most recent CoinShares report, digital asset investment products saw $1.2 billion in inflows for the third week in…
The decision, which marks the end of the historic case between Ripple and the SEC in the absence of an appeal, was announced by Judge Torres. In the decision where Ripple was fined $125 million, XRP trading on exchanges was deemed legal. Since the SEC’s penalty request was $2 billion, the $125 million penalty was welcomed by the cryptocurrency market. There was an approximately 25% increase in the XRP price after the decision. The coin, which was traded at $ 0.50 before the decision, is at $ 0.63 at the time of writing this article. Graph showing the movement of…
Tap-to-earn cryptocurrencies like DOGS, Hamster Kombat, and Catizen have had an underwhelming performance after their airdrops. Hamster has already plunged by over 50% from its highest level last week, while DOGS and Catizen have done much worse. The same is true among other top tokens in the industry, including Notcoin, AveCoin, and Pixelverse. Now, traders are turning to Dogizen, one of the fastest-growing players in the Telegram tap-to-earn industry. Most tap-to-earn tokens have flopped Tap-to-earn has become one of the fastest-growing industries in the blockchain industry. For example, Hamster Kombat has moved from nothing into a vibrant ecosystem with over…
In the prop trading industry, Forex (FX) has undeniably been the dominant market, as it’s where retail investors most frequently want to trade. While cryptocurrencies occasionally appear in offerings, they’re typically part of separate firms. Hydra Funding aims to change this, claiming to be the first to offer accounts that allow trading in both FX and digital assets. Earlier this week, Hydra Funding announced the introduction of a new type of trading account. From now on, clients of this prop trading company will be able to trade both traditional currency pairs and over 30 cryptocurrency pairs. For the two most…
Have you ever wondered what you would ask MicroStrategy’s CEO if you were to meet him in an elevator? In a recent social media post, the business mogul made it clear that he would want you to ask him about buying even more Bitcoin. How do we buy more #bitcoin? — Michael Saylor⚡️ (@saylor) September 25, 2024 As reported by U.Today, Saylor announced MicroStrategy’s latest Bitcoin purchase of more than $458 million on Sept. 20. The company’s holdings currently stand at more than a quarter million coins. MicroStrategy has now spent nearly $10 billion on its Bitcoin purchases. The company…
Ethereum could face a heavy decline if Middle East war tension persists. Ethereum ETFs are lagging because ETH investment narrative isn’t easy for traditional investors to digest, says BlackRock. Ethereum broke a key support level and could decline to $2,207 if bearish pressure persists. Ethereum (ETH) is trading below the $2,595 support level on Tuesday as investors are becoming more cautious following heightened war tensions in the Middle East. Daily digest market movers: Ethereum declines following Middle East war tension Ethereum and the entire crypto market is in a downtrend on Tuesday following geopolitical tension in the Middle East. Ethereum…
Binance, the world’s largest cryptocurrency exchange, made a new announcement regarding 10 altcoins. At this point, Binance announced that it will apply risk warning banners and pop-ups to 10 altcoins that have undergone significant changes in their token economy in the last 18 months. These altcoins were listed as follows: Travala (AVA), Chiliz (CHZ), Enjin Coin (ENJ), IOTA (IOTA), Lisk (LSK), Metal DAO (MTL), Orion (ORN), Self Chain (SLF), Solar (SXP) and Vanar Chain (VANRY). “Binance takes community feedback very seriously in order to provide a high-quality platform for all users. We have heard your concerns and are taking action…
Despite China’s strict bans on Bitcoin and cryptocurrencies, the bans do not prevent its citizens from investing in BTC and other digital assets. In the face of economic difficulties in China, Chinese investors are taking refuge in Bitcoin and other cryptocurrencies. Chinese Turn to Bitcoin and Cryptocurrencies! While China’s efforts to revitalize its economy with the incentive policies it has recently implemented continue, it has been revealed that Chinese investors have been investing in Bitcoin and cryptocurrencies for a long time. According to the latest research by the famous analysis firm Chainalysis, there was an inflow of $75.4 billion to…