Author: NBTC
Deribit FZE, the Dubai-based arm of Deribit Group, a firm in the cryptocurrency derivative options market, has announced the acquisition of a conditional Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). This license, covering both spot and derivatives trading, remains non-operational until Deribit fulfills all remaining conditions and localized requirements outlined by VARA. As part of its strategic moves, Deribit is in the process of relocating its global headquarters to Dubai. The appointment of Luuk Strijers as the Chief Executive Officer, along with the addition of two Non-Executive Directors, marks significant leadership changes within the…
Bitcoin price is rising and now trading above $70,000 resistance zone. BTC could continue to rise toward the $73,000 and $75,000 levels in the near term. Bitcoin price remained in a positive zone above the $66,500 level. The price is trading above $70,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $67,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $71,200 resistance zone. Bitcoin Price Restarts Increase Bitcoin price remained stable above the $65,000 resistance zone.…
Manta Network, a prominent multi-modular forum dealing with zero-knowledge applications, has made a significant announcement. As the company said, it is introducing Manta Restaking Paradigm to deal with Liquid Restake Tokens (LRTs) for the optimization of yield generation and capital efficiency. With the respective development, consumers can create a bridge between their weETH tokens and Manta Pacific. Manta Network’s Unique ‘Manta Restaking Paradigm’ Intends to Boost User Confidence In this way, they can take part in the network’s Restaking Paradigm. With this, the users can get extra rewards along with using LRT coins in Renew Paradigm. The rewards dealing with…
Binance Labs, the venture capital arm of Binance, the world’s largest cryptocurrency exchange, has invested in many cryptocurrency projects to date. While these projects include the altcoin named Stepn (GMT), Binance Labs started selling GMT. According to Spot on Chain’s post, Binance Labs address (0x2e…e6c2) transferred 9.33 million GMT (worth $3.14 million) to Binance today. Binance Labs currently has 9 million GMT left. “Wallet 0x2e5 (presumably Binance Labs) deposited 9.33 million GMT ($3.14 million) to Binance 9 hours ago. Binance Labs, a strategic investor in Stepn, allegedly deposited 37.1 million GMT into Binance since July 2023 at $0.24, followed by…
This halving cycle might see an earlier rally compared to previous ones mainly due to the impact of spot Bitcoin exchange-traded funds (ETFs), said 21Shares in a recent report. According to 21Shares, the circumstances surrounding the upcoming Bitcoin halving appear to diverge from historical patterns. A combination of factors on the supply and demand side creates favorable supply-demand dynamics; as a result, the rally for this halving cycle might kick off earlier than in past instances. Notably, the introduction of spot Bitcoin ETFs has opened the door for significant institutional investment, leading to a surge in demand and price growth,…
Crypto exchange Bitget on Tuesday announced a partnership with payment solutions provider OnRamp to streamline the conversion of fiat money into cryptocurrencies. Through the partnership, Indian users can now use United Payments Interface (UPI) and Immediate Payment Service (IMPS) for INR deposits. Users in Nigeria, United Arab Emirates, and Mexico can deposit NGN, AED, and MXN respectively through bank transfers. Additionally, Vietnamese users can use VietQR, a mobile QR code payment system, for VND deposits. This breadth of supported currencies grants users convenient mechanisms for converting between crypto and fiat currencies. Notably, Bitget is extending a zero-fee offer for all…
Bitcoin (BTC) has powerfully reclaimed the $70,000 psychological barrier, signaling a potential bullish breakout. The surge comes after BTC consolidated above $65,000, indicating strong underlying support. “This move could have significant implications for Bitcoin’s trajectory and might ignite further gains,” says market analyst Alican Çınarbaş. Stay ahead of the crypto market curve with this in-depth analysis of Bitcoin’s price action, potential drivers, and what to expect next. Bitcoin Price Analysis: Bulls Take Control BTC USDT 4D Chart on Binance Bitcoin has decisively broken through the $70,000 resistance level, fueled by renewed bullish momentum. This follows a consolidation phase above $65,000,…
Based on the most recent data, the meme cryptocurrency shiba inu has witnessed 410 trillion tokens burned, translating to approximately 41% of its entire circulation. Concurrently, the digital asset has experienced a recent price revival over the last four weeks. Despite shiba inu’s value dipping over 21% in the last week, the meme coin has witnessed strong growth of around 177% against the U.S. dollar throughout the past month. Shiba Inu’s Market Resurgence Brings Meme Coin to 12th Largest Position in the Crypto Economy Shiba inu (SHIB) ranks as the meme coin sector’s second-largest asset by market capitalization, trailing behind…
Sam Bankman-Fried was sentenced to spend 25 years behind bars — a punishment some say could have been less if the FTX founder showed greater remorse. The former leader of bankrupt crypto exchange FTX faced a maximum 110-year sentence after being found guilty in November of wire fraud and half a dozen other charges. Judge Lewis Kaplan’s sentence on Thursday was between the defense’s requested 6.5 years and the government’s proposed 40 to 50 years. Bankman-Fried was also ordered to pay a $11 billion forfeiture. His defense team said they would seek to appeal the decision. Mark Cohen, Bankman-Fried’s counsel,…
In a recent post on the X social media platform, controversial investment guru Robert Kiyosaki, who is best known as the author of “Rich Dad, Poor Dad,” did not rule out that Bitcoin, the flagship cryptocurrency, could be a scam and a Ponzi scheme. “Yes. It is possible Bitcoin is a scam and a Ponzi scheme,” Kiyosaki. Despite admitting that he is concerned about Bitcoin potentially being a Ponzi scheme, he argues that it would still be no different from fiat currencies such as the US dollar and the euro. Kiyosaki has also acknowledged that the price of Bitcoin could…