Author: NBTC
EA Capital has become the latest digital asset firm to obtain a license in South Africa as the continent’s second-largest economy ramps up digital currency regulations. EA Capital announced that it had acquired a Category I license as a Crypto Asset Service Provider (CASP) from the country’s Financial Sector Conduct Authority (FSCA). It joins other major players, including Luno and VALR, which acquired the license this year under the FSCA’s new digital asset regulatory framework. The Cape Town-based company offers diverse digital asset services, from financial services such as prime brokerage, liquidity provision and an over-the-counter (OTC) desk to derivatives,…
The Ripple CTO David Schwartz provides clarification on whether the payment firm can still use XRP for its Ripple Payments transactions following the injunction from the SEC lawsuit. Schwartz’s remarks came as a response to comments from critic and community figure “Scam Detective.” Recall that in addition to imposing a $125 million fine on Ripple for violating securities provisions, Judge Analisa Torres also issued an injunction to bar Ripple from further contravening securities laws through institutional XRP sales. Can Ripple Still Use XRP for ODL in the US? This part of the ruling has been the subject of debate due…
Despite social media rumours suggesting an FTX reimbursement by September 30, customers will have to wait an additional week for any updates on repayments. Before FTX can disburse any creditor funds, the court will have to approve its wind-down plan, with the next court hearing scheduled for October 7. FTX is waiting on court approval for its reorganization plan When FTX filed for bankruptcy protection in November 2022, and CEO Sam Bankman Fried resigned, John Ray III, a long-time bankruptcy litigator, took over the reins to try and fix the mess. On May 7, 2024, the exchange filed its Chapter…
DWF Labs Co-founder: AUM Grows Tenfold in Ten Days, Sets Ambitious $50 Billion Target DWF Labs, a leading market-making firm in the cryptocurrency sector, has experienced remarkable growth in recent weeks. Andrei Grachev, co-founder of DWF Labs, announced on X (formerly Twitter) that the company’s assets under management (AUM) have surged tenfold over the past ten days, according to JinSe Finance. This rapid expansion comes as part of the firm’s aggressive strategy to position itself as a dominant player in the crypto market, with an ambitious goal of reaching $50 billion in AUM within the next two years. Unprecedented Growth…
According to data published by the Shibburn tracking service, during the period of the last 24 hours, the SHIB community has succeeded in disposing of an impressive amount of SHIB, pushing the burn rate to a jaw-dropping high. Curiously, this immense surge in burns took place after the SHIB team announced its plans to conduct a new hard fork, which will introduce a Shiba Inu burn mechanism. Burns surge by almost 140,000% The aforementioned data source shared that over the past day, the SHIB army has made a big advance in removing SHIB from circulation and making its supply shrink.…
Proton Management argues that Swan Bitcoin never owned the mining business in question, as it was part of 2040 Energy, a separate entity funded by Tether in which Swan holds only a minority stake. Proton claims it is enhancing the value of 2040 Energy, and not harming Swan. Proton Management argued in a court filing that Swan Bitcoin does not own any mining business of its own. Proton responded to Swan Bitcoin’s allegations that Proton and six ex-employees of Swan conspired to “steal” its mining business. “Swan does not have a mining business of its own,” counsel for Proton wrote…
Bitcoin climbed above $64,000 in early U.S. trading hours ahead of a number of Fed speakers, including Chairman Jerome Powell, and after China’s Politburo reportedly pledged continuing support to that country’s economy and markets. Bitcoin could see increased interest from retail and institutional investors following the approval of options trading on Blackrock’s IBIT. Bitcoin (BTC) is again setting its sights on the $65,000 level not touched since the first week in August, with a speech later today from Federal Reserve Chair Jerome Powell potentially the next catalyst. “The market will be following Powell’s speech closely for indications of any shifts…
The trading and investment platform eToro has announced a new collaboration with ARK Invest, one of the most innovative and renowned investment management companies in the technology sector. Together, they launched the managed portfolio ARK-FutureFirst, designed to offer investors the opportunity to participate in the growth of companies that are developing cutting-edge technologies destined to shape our future. This Smart Portfolio is designed for those who wish to invest in key sectors such as technology, healthcare, and sustainability, with a strong focus on innovation. ARK Invest, led by Cathie Wood, is renowned for its ability to identify emerging companies with…
XRP’s order book on U.S. exchanges is 30% more liquid than offshore platforms. The greater the liquidity or market depth, the easier to execute large transactions at stable prices. XRP is having its moment not just in terms of price rally but also enhanced liquidity on U.S. exchanges, a positive development for whales looking to trade large quantities at stable prices stateside. As of Thursday, U.S. exchanges, including Nasdaq-listed Coinbase (COIN) and Kraken, boasted a 1% market depth of $1.12 million, offering 30% greater order book liquidity than offshore exchanges like Binance and OKX, according to data tracked by CCData.…
Understanding crypto trading pairs is fundamental to developing effective trading strategies. Leverage can amplify both potential profits and risks in futures trading. Open interest provides valuable insights into market liquidity and sentiment. These terminologies are fundamental in the ever-evolving world of future trading into cryptocurrency. When getting to trade, people have to know something about the market and the new ideas and approaches. From this article, it is possible to determine five key terms that every trader in crypto futures should understand to comprehend how these concepts affect the results of trading and profitability. Crypto Trading Pair: The Foundation of…