Author: NBTC

As per a latest report from Bloomberg, Crypto custody firm BitGo Inc. has introduced a global over-the-counter trading desk for digital assets as part of its plan to go public. With rising demand for cryptocurrencies from institutional investors, BitGo is expanding its services. Besides, the firm, one of the largest US-based custodians for digital assets, is reportedly considering an initial public offering, according to sources earlier this month. BitGo’s new OTC desk will offer institutional investors spot and options trading, as well as lending to facilitate margin trading, the company announced. Since early last year, it has been serving selected…

With a price of $2.37 per coin, XRP is now more of a threat to Ethereum (ETH) than most people think. To surpass Ethereum’s market capitalization, XRP would need to reach $4.36, which is an increase of 83.4%. This potential shift has caught attention, reflecting growing interest in XRP’s market position and recent developments. Right now, XRP is in fourth place among cryptocurrencies, with a market cap of $136.3 billion. Ethereum, with a valuation of $436.3 billion and a price of $3,621.87, is still a big step ahead. Bitcoin is the big leader in the sector, with a market cap…

The U.S. Securities and Exchange Commission (SEC) is set to undergo a probe from the Department of Government Efficiency (DOGE), an initiative associated with cost-cutting efforts under the administration of President Donald Trump. This development follows a history of legal clashes between Elon Musk and the SEC, with ongoing disputes still unfolding. The SEC’s inclusion in this review comes at a time when Musk remains entangled in a legal battle with the agency over allegations related to his acquisition of Twitter stock in 2022. Musk-Led Government Efficiency Unit Arrives at the SEC According to sources familiar with the matter, DOGE…

Binance Pay Travel Route is a blog series designed to offer a guide to the most interesting destinations where you can use Binance Pay for your travel expenses. Please note that not all the spots featured below accept Binance Pay. There’s something about Yucatán that gets under your skin. Maybe it’s the salt air rolling in from the Caribbean, thick with the scent of seaweed and spice. Maybe it’s the hum of the jungle, alive with the calls of howler monkeys and the rhythmic splash of cenotes hidden beneath limestone. Maybe it’s the way history and entertainment intertwine here, where…

According to data provided by SoSoValue, Bitcoin exchange-traded funds (ETFs) recorded $5.32 million worth of total net flows on Jan. 1. Fidelity’s Wise Origin Bitcoin Fund (FBTC) is in the lead with nearly $37 million worth of inflows. The product is approaching $20 billion in total assets, currently standing at $18.9 billion. After dominating throughout 2024 with gargantuan inflows and shattering countless records, BlackRock’s iShares Bitcoin Trust ETF (IBIT) had a rather underwhelming finish with $23.4 million worth of outlaws. This, of course, in no way diminishes the massive success of the groundbreaking product, which has now accumulated $51.7 billion…

ETH/BTC shows bullish divergence, signaling a potential reversal from key support. Holding 0.05-0.06 support could trigger an altcoin rally, while a breakdown risks losses. Ethereum’s next move will decide Bitcoin dominance and impact the broader crypto market. Ethereum—ETH, is flashing a major bullish signal against Bitcoin. The weekly chart shows a strong divergence, hinting at a potential reversal. A key demand zone now stands between Ethereum and further downside. Buyers have stepped in at this level before, preventing sharp declines. If history repeats, a strong bounce could be near. A breakdown, however, could shake the entire altcoin market. Will Ethereum…

FED member Mary Daly provided information about the state of the US economy and monetary policy, emphasizing stability and cautious decision-making in the face of uncertainty. Daly said the economy was in good shape with a robust labor market and called for patience on the progress of inflation. He warned against premature optimism, noting that inflation remained volatile despite a gradual decline. When asked about possible interest rate cuts in 2025, Daly said, “The world is full of uncertainty.” Daly said monetary policy should remain tight until there is sustained progress in inflation. Stating the importance of monitoring economic indicators…

A veteran crypto trader has surprised the crypto community by using artificial intelligence (AI) coins to gain significant profits. As per Lookonchian, the trader generated huge gains of up to $17M with several AI tokens, sparking interest across the market. In this respect, it leveraged $GOAT, $ai16z, $Fartcoin, and $arc. In this respect, the trader reportedly targets low-cap tokens and carries out strategic moves to capitalize on them. This profit-taking strategy reveals the trader’s focus on portfolio diversification and calculated decisions for profits. What a smart #AI coin trader!Profits exceeded $5.14M on $GOAT.Profits exceeded $4.5M on $ai16z.Profits exceeded $4M on…

South Korea’s Supreme Court has sided with lower courts in deciding that TerraUSD and LUNA do not meet the criteria for financial investment products. Korea‘s Supreme Court has ruled that the collapsed stablecoin TerraUSD (USTC) and its sister token Terra (LUNA) are not financial investment products, rejecting a prosecution appeal and upholding earlier decisions, Korean newspaper Etoday reports. On Jan. 23, the court rejected prosecutors’ request to seize assets from Terraform Labs co-founder Shin Hyun-seong. The court agreed with lower courts that had already ruled LUNA does not qualify as a regulated financial product under Korea’s Capital Markets Act, stating…

Hong Kong’s regulator, Securities and Futures Commission (SFC) has granted a license to Bullish, a leading virtual asset trading platform. This approval brings the total number of licensed platforms in Hong Kong to 10. Bullish: The Tenth Licensed Virtual Asset Trading Platform in Hong Kong Bullish, which is owned by EOS developer Block.one, has also made waves by acquiring CoinDesk, a prominent media, event, and index platform. Liu Dehao, Bullish’s Senior Vice President and Head of Global Sales, emphasized in a recent interview that Hong Kong is a critical location for the company, with more than 100 employees currently based…