Author: NBTC
The Department of Justice (DOJ) has chosen a London-based consulting firm for a coveted three-year monitorship of Binance, according to a Friday report from Bloomberg citing anonymous sources. As part of Binance’s plea deal with the DOJ earlier this year, the crypto exchange agreed to pay $4.3 billion in fines and appoint an independent compliance monitor. The firm’s CEO and co-founder Changpeng “CZ” Zhao also agreed to step down as part of the agreement, and was sentenced to four months in prison. According to the report, Forensic Risk Alliance (FRA) was chosen to monitor Binance over the previous frontrunner, Sullivan…
After announcing in March its plans to include Bitcoin futures in its offerings, B3, a Brazilian stock exchange, has officially opened up trades, achieving a significant milestone on its very first day of trading Bitcoin futures. B3 Bitcoin Futures Sees Surge In Demand Following its launch of Bitcoin futures on April 17, B3 experienced a massive wave of demand and interest from cryptocurrency enthusiasts eager to trade the newly listed Bitcoin futures. The stock exchange reported that on the debut trading day, more than 7,400 Bitcoin futures contracts were actively traded. Related Reading: Shiba Inu Burn Rate Sees 81% Daily…
Ethereum (ETH) is stuck in a long-term downtrend, bringing the world’s biggest altcoin below $3,000. However, the presence of investors’ confidence and a potential breakout from a bullish pattern could be key to recovery. Ethereum Investors Remain Optimistic Ethereum’s price is already below the $3,000 mark, and any further decline could lead to the altcoin noting a two-month low. However, the chances of this happening are lowered as investors move away from causing further bearishness. Evidence of this can be seen in their recent behavior, particularly the selling spree that has slowed down over the past few weeks. The active…
Props Token empowers digital communities, fostering alignment between developers and users for collective growth. WHALE, backed by a premium NFT collection, offers a unique social token experience, enabling anyone to become a “whale.” Dmail Network, Next-generation blockchain-based email, comprehensive platform. In the crypto world, the term “Social Money Token” is progressively getting to be a hot topic of discussion in 2024. Social Money tokens are a sort of digital asset that allows individuals to create, oversee, and take part in a community-based economy directly. There are four top Social Money tokens worth paying attention to in 2024. 1. Props Token…
The Securities and Exchange Commission asked a court to deny Coinbase’s motion for an interlocutory appeal on Friday. The regulatory agency and the crypto exchange have been locked in a legal battle for nearly a year after the agency charged Coinbase with operating as an unregistered exchange and alleged that its Staking program was violating securities laws. “Interlocutory review is not warranted simply because Coinbase proposes a new legal test and disagrees with the Court’s rejection of that test, nor can it be supported by Coinbase’s desire for quicker appellate review of its invented test,” the SEC said in the…
Bitcoin’s (BTC) price is taking its time to return to the recent highs. The cryptocurrency is presently at $66,000. However, it is still vulnerable to selling from investors, which could reduce prices. Adding Bitcoin to Wallets Bitcoin’s price is taking hints from both bulls and bears at the moment, as visible in their actions. The exchanges’ balance is a chart that tracks the movement of BTC in and out of exchanges’ wallets. Over the past few months, investors have focused only on accumulation. This is evident from the consistent declines in supply on exchanges. This continued over the weekend when…
The Ethereum (ETH) price is swinging either side of the $3,000 level as traders monitor a spike in whale purchases and ask whether the cryptocurrency could soon be set for a rebound. On-chain-focused analytics X account @lookonchain reported on Wednesday that a whale recently accumulated $32.14 million in ETH. A whale who is long $ETH withdrew 6,030 $ETH($18.09M) from #Binance again 20 minutes ago. This whale has accumulated 10,758 $ETH($32.14M) from #Binance since May 2. He swapped $ETH to $stETH and deposited it into #Aave, then borrowed $28.5M stablecoins from #Aave to buy more… pic.twitter.com/tbtXLDbvua — Lookonchain (@lookonchain) May 9,…
Whale addresses move 705.9 billion Shiba Inu worth over $16.5 million out of cryptocurrency exchange platforms in a 24-hour timeframe. On-chain analytics resource Arkham Intelligence indexed these massive fund flows, which come up at a time when Shiba Inu is displaying signs of an imminent price rebound. This rebound emerges on the back of a mild resurgence that has enveloped the broader market. Notably, on-chain data sourced by Arkham Intelligence reveals that whale addresses have shifted more than 1.3 trillion Shiba Inu tokens over the last 24 hours. Of these transactions, some involved movements across unknown wallets and others witnessed…
A previously undisclosed report detailed deficiencies in the SEC’s cybersecurity program. The report, first shared publicly by Fox Business journalist Eleanor Terrett on X, was dated December 20, 2023, less than a month before a false announcement of a spot Bitcoin ETF approval that led to market upheaval and $90 million in Bitcoin liquidations. “Remember the SEC’s X account hack from January 9th? The last update from the agency on January 22 stated that it was working with the Office of the Inspector General and several outside agencies, including the FBI, about the incident,” Terrett said. “But apparently in 2023,…
BlackRock’s Bitcoin ETF, IBIT, is on the verge of a significant milestone, with its inflow streak reaching an impressive 69 days. This achievement places IBIT on the cusp of entering the prestigious top 10 list for the Longest Daily Inflows Streak among ETFs, currently tied with JETS, the U.S. Global Jets ETF. Eric Balchunas, a renowned ETF expert at Bloomberg, has been closely monitoring IBIT’s ascent, noting the remarkable nature of this streak. On a market landscape where consistency is key, IBIT’s performance stands out. Unlike other contenders in the top ranks of the Longest Daily Inflows Streak, IBIT is…