Author: NBTC

Crypto-powered prediction market Polymarket and its founder are facing heat from US regulators for potentially serving American customers, while an employee at its competitor Kalshi appears to be echoing wash-trading allegations. According to Bloomberg, the DoJ is investigating Polymarket for allegedly accepting bets from US-based customers. Punters on the platform appeared to overwhelmingly favor Donald Trump to win the election, putting Polymarket at odds with mostly even-keeled projections. The FBI has reportedly raided the home of its 26-year-old chief exec, Shayne Coplan, and seized his phone. Coplan was not arrested, and appeared to be relatively unphased by the event. On…

Bitcoin dipped to $65,521 from a high of $68,722, reflecting a 5% loss influenced by Tether’s scrutiny. Currently, Bitcoin has bounced back to $67K amid ongoing volatility. The global crypto market is heating up with various news, that led Bitcoin (BTC) to dip to $65,521 from the high of $68,722. This 5% drop followed reports from the Wall Street Journal claiming that Tether, a major player in the crypto space, is under investigation by U.S. authorities. Tether and its CEO quickly dismissed the claims, labeling them as “regurgitating old noise,” but the damage was done, affecting market sentiment significantly. As…

Nov 14 (Reuters) – The crypto industry is pushing for an ambitious raft of policies that would promote the widespread adoption of digital assets and considering who best to promote them, as they anticipate a cryptocurrency-friendly regime under President-elect Donald Trump. While crypto companies were already anticipating a lighter touch with a new administration, Donald Trump’s decisive victory and a projected Republican sweep of Congress pave the way for a dramatic and lasting crypto policy overhaul. Trump courted crypto cash with promises to be a “crypto president,” and industry executives say he now has a strong mandate to deliver. The…

Tesla has moved its entire bitcoin balance of 11,509 BTC ($776.9M) to seven new wallets, marking the first movement of these assets in over two years. The transfers, which initially sparked market concern, have been identified as internal wallet rotations rather than preparation for sales, according to Arkham Intelligence reports. “Often on-chain movements like this are usually a signal of selling. But since there hasn’t been any movement to exchanges so far, this just may be Tesla reshuffling its bitcoin custody setup,” commented Daniel Cawrey, CSO at Tonkeeper in an email statement. According to a CoinDesk’s article, while Tesla or…

Suspected ENS Investor Transfers 154,000 Tokens to Binance In a significant on-chain event, a wallet suspected to belong to an early Ethereum Name Service (ENS) investor has transferred 154,000 ENS tokens to Binance, valued at approximately $2.47 million. This move, reported by on-chain analyst ai_9684xtpa on X (formerly Twitter), adds to a series of large-scale transactions involving ENS tokens, highlighting potential shifts in investor sentiment and market dynamics for the ENS ecosystem. Introduction to the ENS Token Transfer Overview of the Transfer The recent transfer of 154,000 ENS tokens to Binance marks a notable activity within the ENS token holder…

Blockchain advocacy group the Digital Chamber has urged the Office of Government Ethics (OGE) to reconsider restricting staff of federal agencies from holding crypto assets, including stablecoins. In a letter dated November 13, the group noted that this restriction might negatively impact decisions on the US regulatory framework for crypto. Instead of a blanket ban, as is currently the case, the Digital Chamber is calling for permission for federal employees to hold a minimum amount of crypto assets, which it notes will allow them to be better informed about the industry. The letter stated: “We strongly believe that allowing federal…

Increased ETH holdings by large investors signal heightened confidence in Ethereum’s growth prospects. $210M in ETH ETFs showcases rising institutional interest, fueling Ethereum’s mainstream acceptance and price momentum. Technical analysis predicts a wedge breakout, potentially driving Ethereum’s price to $4,000 before November ends. According to trading data, the Ethereum (ETH), now the second largest cryptocurrency, has every chance of rising to $4,000 before the end of this month. The theories that can reaffirm this possibility of high volatility include; Whale accumulation, institutional buying, and technical analysis among the newer trends. Whale Accumulation Indicates Market Confidence Institutional investors better known as…

XRP, the seventh largest cryptocurrency by market cap, has seen an increase in trading volumes, skyrocketing by 54% as the cryptocurrency market aims to recover after a $225 million sell-off. Crypto-tracked futures saw almost $225 billion in liquidations in the last 24 hours, as the market sell-off escalated over the weekend. Crypto futures saw almost $133 million in long liquidations in the last 24 hours, as Bitcoin’s drop to lows of $67,444 resulted in losses among major tokens. According to CoinMarketCap data, XRP’s trading volume amounted to $1.04 billion in the last 24 hours, or 2.03 billion XRP representing a…

Donald Trump’s victory in the 2024 US presidential election has sent ripples through the crypto industry, signaling what could be a seismic shift in the US regulatory landscape. To understand the implications of this political change, we sat down with Lewis R. Cohen, a leading authority in cryptocurrency law and partner at Cahill Gordon & Reindel LLP. With extensive experience navigating the intersection of blockchain technology and regulatory frameworks, Cohen provides unique insights into what could be the most significant regulatory pivot for the crypto industry since its inception. What immediate changes can we expect in crypto regulation under Trump’s…

Users can now participate in BTC mining on Binance Pool and earn rewards in the form of Fractal Bitcoin. Though, the exchange has no plans to list the FB token any time soon. In a recent announcement, Binance introduced a new feature on Binance Pool that supports merged mining for Fractal Bitcoin. Fractal Bitcoin is a layer 2 side-chain Bitcoin(BTC) scaling solution which uses the Bitcoin core code to “scale unlimited layers on top of the world’s most secure and most-held blockchain,” according to the official website. Binance Pool’s Fractal Bitcoin merged mining will come into effect starting Nov. 18.…