Author: NBTC

Crypto exchange WazirX is searching for a new custodian that can offer insurance for user funds, aiming to enhance security and minimize risk. Indian cryptocurrency exchange WazirX is actively seeking a new custodian partner that can provide insurance for user funds, aiming to bolster security as it works to restructure operations following a major cyberattack in July. 📢 Proof of Reserves is now liveIn line with our commitment to transparency, you can now verify wallet addresses and review asset balances through our Proof of Reserves. Click here 👉 https://t.co/Aivwy4nYCPNote: A Proof of Reserves dashboard with dynamically updated data… pic.twitter.com/0yrg9zvrQT —…

Recent data indicates that Bitcoin Exchange-Traded Funds (ETFs) have experienced a notable drop in total assets, falling to $46 billion. This represents a significant decline since the start of the year when these funds reached a peak of $62.55 billion in early June. The rapid reduction in assets has raised questions about whether Bitcoin ETFs are truly delivering on their promise, particularly as some market participants had high expectations for these financial products. The reduction in assets has led to discussions among analysts and financial commentators. Insights from ETF Analysts Eric Balchunas, a senior ETF analyst, provided an interesting perspective…

Italy’s Deputy Finance Minister Maurizio Leo announced an ambitious plan to raise the capital gains tax on cryptocurrencies from the current 26% to a steep 42%. This significant tax adjustment was revealed during a conference that detailed Italy’s fiscal strategy for the upcoming 2025 budget. Positioned within a broader governmental effort to enhance revenue amid the escalating adoption of digital assets, this strategy marks a pivotal shift in Italy’s fiscal approach to cryptocurrencies. Italian Government: “since the interest in cryptocurrencies is spreading, we are going to raise the capital gain tax on #Bitcoin to 43% (from 26%)”What the hell I…

Millions of traders and players worldwide are waiting to get rich from playing Hamster Kombat. Didn’t the game call them CEOs? But how much will $HMSTR tokens be worth once the airdrop hits the market on September 26th? Over the weekend, Hamster Kombat players took to their social media accounts to share their game wins and losses. Those who lost and would, in turn, not qualify for the airdrop were more than those who went through the second round. As reported by Cryptopolitan, only 37% of the total Hamster Kombat players made through as CEOs. Players who did not qualify…

Jupiter Exchange has reached a significant milestone. It surpassed all other chain aggregators combined in 24-hour trading volume, hitting $1.981 billion. Notably, this achievement comes despite Jupiter operating solely on the Solana blockchain, according to Solana Floor, the leading source for Solana updates. This excellent performance points to Jupiter which is gaining market share by the day. 🚨 BREAKING: @JupiterExchange surpasses all other chain aggregators combined in 24-hour trading volume—despite operating solely on @Solana. – Dominance: 62% all-time high pic.twitter.com/HkGwxVZhSU — SolanaFloor (@SolanaFloor) October 24, 2024 Jupiter Exchange Sets New Standard with 62% Market Share Jupiter DEX has achieved a…

While Bitcoin (BTC) and altcoins struggle with declines, critical economic data will be released from the US this week. Listing the important events that could affect BTC and the market this week, Singapore-based cryptocurrency company QCP Capital stated that the Donald Trump and Kamala Harris encounter and the US CPI-PPI data could have an impact on the market. Analysts who warned of volatility this week said the market remained cautious, with risk reversals for BTC and ETH shifting toward sell-offs by October, reflecting concerns about potential declines. However, QCP Capital noted that despite short-term bearish expectations, long-term sentiment among investors…

The Financial Stability Board and the Bank for International Settlement both flagged tokenization risks in new reports. “Tokenisation could have implications for financial stability if it scales up significantly,” Klaas Knot the FSB chair said in a letter addressing the Group of 20 nations. The Financial Stability Board (FSB) and the Bank for International Settlements (BIS) both highlighted in recent reports what they see as risks from tokenization and called for more regulation. Tokenization is the digitization of real world assets including securities that often involves distributed ledger technology. The FSB, which monitors and makes recommendations for the financial system,…

In the latest crypto market rally, Voyager Token (VGX) has emerged as the top gainer, surging by 64.9% within the last 24 hours. This remarkable spike in VGX has drawn attention, especially with its $12.2 million market cap and current price at $0.033. Major trading for VGX is taking place on the Gate.io exchange, fueling speculation on the token’s future performance as investors flock to it amidst a broader market trend. DAILY GAINERS$VGX +64.9% $CEL +46.6% $MATH +41.3% $OLE +39.6% $DEAI +33.6% $NXRA +26.7% $ARDR +24.9% $FLIP +22.5% $PENDLE +22.2% $LAI +21.5%#dailygainers pic.twitter.com/dBM0uFbPkw — PHOENIX – Crypto News & Analytics…

The New York Stock Exchange (NYSE) announced plans to extend weekday trading hours on its NYSE Arca equities exchange, potentially accommodating the surging global demand for US-listed securities, including Bitcoin ETFs (exchange-traded funds). NYSE Arca is the leading US exchange for listing and trading ETFs. These financial instruments become especially pertinent as investor interest in Bitcoin ETFs and other cryptocurrency-related assets rises. Bitcoin ETFs Could Trade for 22 Hours A Day The proposal, which is pending regulatory approval, would see trading extend to 22 hours a day, 5 days a week. The sessions could run from 1:30 a.m. to 11:30…

Experts continue to see substantial potential in Bitcoin, even as its price has experienced significant volatility in recent weeks, dropping from nearly $60,000 to under $53,000 by Friday. Although Bitcoin experienced brief recoveries last week, including a surge to $57,000, these gains were short-lived. The price then fell by over $4,000, leading to widespread market liquidations. By the weekend, Bitcoin began to stabilize, hovering around $54,000. On Monday, trading saw a modest uptick, with the price rising above $55,000 for the first time since Friday. Bitboy Targets $146K Bitcoin Despite Bitcoin’s recent fluctuations, industry leaders have expressed bold predictions about…