Author: NBTC
Ikigai Strategic Partners LLC, a commodity pool operator based in Rio Grande, Puerto Rico, just got hit with a $150,000 fine. The National Futures Association (NFA) came down hard on them after finding out they screwed up big time with their Bitcoin-related operations. Their president, Anthony Robert Emtman, is also in the hot seat. On April 29, the NFA’s Business Conduct Committee (BCC) dropped a complaint on Ikigai, an NFA member that’s supposed to know better. What’s the beef? Well, it seems Ikigai Strategic allowed one of their funds, the Ikigai Opportunities Master Fund, to funnel money to an affiliate…
Russia is said to begin trials of crypto exchanges and token transactions for cross-border payments to mitigate the impact of international sanctions. Russia appears to be days from starting trials of crypto exchanges and token transactions for cross-border deals in a bid to bypass challenges faced under international sanctions, Bloomberg has learned, citing sources familiar with the matter. The trials, scheduled to start on Sept. 1, will involve using the National Payment Card System to facilitate the exchange between Russian rubles and cryptocurrencies, the sources say. This initiative follows recent legislation passed by Russia’s parliament that legalizes crypto mining and…
Bitcoin’s (BTC) price closed last week in an indecisive spinning top candlestick after being rejected several times for around $60k. However, the flagship coin has continued to defend the support level around $58k, which could be a basis for the long-term bullish sentiment. Furthermore, since early March this year, Bitcoin’s price has formed a potential bullish flag. Despite the notable Bitcoin accumulation by institutional investors since the approval of IS-based spot BTC ETFs, traders have been gripped by the fear of further capitulation. Bitcoin’s fear and greed index has remained below 30 percent in recent times, suggesting an extreme fear…
Prominent blockchain tracker Whale Alert, which monitors large cryptocurrency transfers, has detected two enormous Ethereum chunks making their way to U.S.-based public trading cryptocurrency exchange Coinbase. These transfers took place consecutively, while the Ethereum price demonstrated a 3% increase over the last 24 hours. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 150,000 #ETH (395,363,754 USD) transferred from unknown wallet to #Coinbasehttps://t.co/F8H71z62uJ — Whale Alert (@whale_alert) August 23, 2024 300,000 ETH on move to Coinbase According to the aforementioned data source, two anonymous blockchain addresses transferred 300,000 ETH in total to the Coinbase exchange. Each of these two…
Cryptocurrency analysis company Santiment analysts focused on three altcoins and a common aspect of them in an analysis published today. According to analysts, Pepe (PEPE), Fetch AI (FET) and Ethereum Name Service (ENS) interestingly experienced huge jumps in their network growth simultaneously. There was an incredible increase in the newly created wallet number charts of all three altcoins. Santiment analysts said that when they see an increase in the number of new addresses being created, they believe it is either due to FOMO due to rising prices or a potential bullish move. However, they also added that the sudden increase…
A lawsuit brought against former Binance CEO, Changpeng Zhao by three crypto investors who accuse the exchange of losing their funds through lax money laundering regulations, may put the “efficacy of blockchain analytics itself,” on trial. This is according to Bill Hughes, Senior Counsel and Director of Global Regulatory Matters at Consensys, who also branded the suit’s key allegations as “dubious.” Read more: Has CZ followed a Solana news account while in prison? The lawsuit, which was filed on August 16 in the Western District Court Of Washington, accuses Binance and Zhao of “offering bad actors a way to remove…
Centrifuge, a startup focused on blockchain-based real-world asset tokens (RWAs), has created a lending marketplace backed by multiple U.S. Treasury-backed tokens using lending firm Morpho’s vault system. The marketplace, aimed at institutions, will be hosted on Base, the Ethereum L2 network developed by crypto exchange Coinbase, and will allow collateralization and borrowing against the Centrifuge-affiliated Anemoy Liquid Treasury Fund (LTF), Midas Short Term U.S. Treasuries (mTBILL) and Hashnote’s U.S. Yield Coin (USYC). The migration of real-world assets, especially traditional financial instruments like tokenized Treasury bills, to blockchains has become something of a trend in crypto. This is an area that…
Samson Mow, prominent Bitcoin maximalist and chief executive at JAN3 BTC-focused company, has taken to the X social media platform (famous as Twitter in the past) to talk about why Bitcoin is a risk-off asset and for what part of the global population it is in particular. He also made a comment on the Bitcoin supply available on the market, specifying the type of investors who are likely to buy all of this BTC quickly. Mow explains nuance about Bitcoin being risk-off asset The JAN3 boss published a post to clarify which groups of investors in particular experience Bitcoin to…
A month after the start of Ethereum ETF trading, the cryptocurrency market is experiencing a period of complex but promising dynamics, what is Binance’s forecast?Despite global economic difficulties and the drop in the price of Ethereum (ETH), the inflows recorded by Ethereum ETFs have shown surprising resilience. This phenomenon highlights a trend of increasing institutional adoption of cryptocurrencies, a crucial aspect for the future of the sector. The forecast of the CEO of Binance Italy on the trend of the Ethereum ETF Institutional interest and future prospects Conclusion The forecast of the CEO of Binance Italy on the trend of…
Shytoshi Kusama, the enigmatic leader of the Shiba Inu ecosystem, is now in Kyoto, Japan, discussing major SHIB initiatives with the brightest minds. In his latest post on X, Kusama announced his arrival in Japan. According to him, visiting Japan is a dream come true. As a result, he expressed his gratitude for the opportunity, saying, “It is truly a humbling experience only possible with divine providence, of which I am grateful.” Discussing SHIB with Japan’s Brightest Minds Meanwhile, this visit goes beyond tourist activity. As the Shiba Inu lead developer, he is meeting with Japan’s brightest minds to discuss…