Author: NBTC
Former U.S. President Donald Trump’s mysterious new crypto business plans to offer access to “high-yield” opportunities, according to a clue embedded in the website for the project called World Liberty Financial. Metadata on worldlibertyfinancial.com says “the only crypto DeFi platform supported by Donald J. Trump” will connect users to “decentralized finance’s best tools for secure, high-yield crypto investments.” It calls on users to “join the financial revolution today!” A trademark filed for World Liberty Financial in mid-July also points to an association with DeFi. The lawyer who filed the trademark papers, Alex Golubitsky, confirmed to CoinDesk on Thursday that the…
Solana-based meme coins are among the categories with the largest gains in the past 24 hours, presenting a 5.6% growth, while Bitcoin (BTC) struggles with a 2% pullback in the same period. According to data aggregator CoinGecko, the Solana meme coin with the largest gain was Gigachad (GIGA), with a 67.5% daily leap. For the past seven days, GIGA’s performance has been even more significant, showing a 217% rise. Image: CoinGecko The dog-themed coin Billy (BILLY) also showed a similar performance, as it shot up by nearly 50% in 24 hours, and over 160% within seven days. Meanwhile, the Sad…
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has confirmed it has opened a new Amsterdam office on August 22. This move marks a significant milestone in Bybit’s European expansion and highlights the platform’s commitment to innovation and growth within the Dutch market. At the @Bybit_Official office opening in Amsterdam! 👋 pic.twitter.com/GE7XZULHlf — Sjuul | AltCryptoGems (@AltCryptoGems) August 22, 2024 Bybit’s Amsterdam office The Amsterdam office stands as a symbol of Bybit’s dedication to the Dutch crypto community. Made possible by Bybit’s partnership with SATOS, which led to the launch of Bybit.nl in March, the new expansion comes with…
According to Coinglass data, strategic withdrawals from major platforms like Coinbase Pro and Bitfinex have led to the accumulation of over 23,000 BTC. Previously, CNF reported that Bitcoin accumulation mirrors 2019 levels, suggesting a $100K parabolic rally is imminent. This has also sparked speculation that certain altcoins are set to explode in price. In brief, Bitcoin’s price surge is attributed to five key factors: Strategic Withdrawals: Over 23,000 BTC were strategically withdrawn from major exchanges like Coinbase Pro and Bitfinex, indicating strong confidence from long-term holders. Strong ETF Inflows: Significant investments from institutions like BlackRock and Fidelity have boosted Bitcoin…
Ethereum price is consolidating above the $2,550 resistance. ETH could gain bullish momentum if it clears the $2,650 resistance zone. Ethereum is struggling to gain pace for a move above the $2,650 level. The price is trading above $2,600 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $2,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above $2,650. Ethereum Price Starts Consolidation Ethereum price remained stable above the $2,550 level. ETH formed a base and started a steady upward…
Markets remain on the lookout after an announcement that Donald Trump has a big plan for crypto, which will be revealed on Thursday afternoon. Evidence of the anticipation is a strong move for Bitcoin (BTC), eyeing the $61,000 threshold as the US session commences. Donald Trump Plans Huge Crypto Announcement Trump shared on X (formerly Twitter) that he will reveal his plan to make the US a crypto capital for the world. Along with the announcement, the Republican presidential aspirant tagged World Liberty Financial, a DeFi project his sons, Donald Jr. and Eric Trump, promoted. “This afternoon I’m laying out…
Litecoin (LTC) is poised for mid-term gains based on positive cash inflow and hype around Ethereum and Solana ETF products. Likened Bitcoin, Litecoin continues to enjoy retail and institutional adoption with a positive long-term outlook. Litecoin (LTC) is eyeing a rebound as demand for the digital asset skyrockets. The latest weekly report by CoinShares shows a positive cash inflow in Litecoin institutional products. Despite high anticipation of a bullish 2024, LTC has been among the highest underperformers. Investors have been optimistic about a price breakout based on the successive LTC halving earlier this year. Like Bitcoin (BTC), the digital asset…
Mango Markets, Solana’s once-mighty decentralized crypto exchange that was gutted by convicted fraudster Avraham Eisenberg, is preparing to settle with the U.S. Securities and Exchange commission over allegations that it violated a litany of securities laws. The governing entity that manages Mango Markets, Mango DAO, on Monday opened voting on a “SEC settlement offer proposal” that would see the group pay hundreds of thousands of dollars in fines, destroy its holdings of MNGO tokens and seek its delisting from other trading venues. The SEC hasn’t yet accepted the proposal. But if this vote passes (it already has enough votes to…
United States-based cryptocurrency ATM provider CoinFlip has expanded to Mexico as a part of its global expansion plans. According to a press release shared with crypto.news, CoinFlip has deployed its cryptocurrency ATMs across Mexico, marking the Latin-American nation as its eighth international market. The rollout of these ATMs will span 20 locations across Mexico City, targeting high-traffic areas like shopping centers and coffee shops. The company’s CEO, Ben Weiss, described the move as the “next logical step” for CoinFlip, adding that it would offer Mexicans a “convenient, secure and easy way” to access cryptocurrencies. CoinFlip’s entry into Mexico completes its…
Bitcoin funding rates have turned negative, signaling more shorts than longs, which often precedes an uptrend reversal. Traders eye the $54,000 to $55,000 zone for accumulation as Bitcoin fluctuates within a descending channel with strong support and resistance. The potential breakout above the descending channel could ignite Bitcoin’s next major price surge, creating valuable buying opportunities. A recent analysis of Bitcoin’s market performance by crypto analyst Doctor Profit suggests a substantial shift in favor of a healthier market. Traders have witnessed major developments, with $9 billion in short liquidations occurring near $68,000 and funding rates reaching their lowest point since…