Author: NBTC

LONDON, April 3 (Reuters) – Britain’s financial regulators on Wednesday launched a public consultation on their new “sandbox” for trading digital securities in “real world situations” to keep up with rapid advances in technology. A “sandbox” allows the testing of new services in the market with real customers, but within a controlled regulatory environment. The Bank of England and Financial Conduct Authority said in joint proposal, opens new tab that within the sandbox, existing financial rules would be modified to enable companies to try out new technology, such as distributed ledger technology or blockchain that underpins cryptoassets, for trading and…

Glassnode crypto analyst Marcin Miłosierny has highlighted the evolving dynamics of the Bitcoin market in the developing bull cycle. According to Miłosierny, the entrance of ETFs is impacting the Bitcoin market significantly with a potential adjustment to the historical effect of Bitcoin halving. In a recently posted analysis, the crypto analyst noted that the significant buying power of ETFs will overshadow the traditional supply squeeze effect expected from the halving. Miłosierny believes the ETF-induced dynamics demand a response from traders. He thinks Bitcoin traders need to balance the historical impact of halvings with the contemporary ETFs’ influence on BTC availability…

Elon Musk’s mention of accepting Dogecoin for Tesla purchases sparked a surge in DOGE price and trading. Analyst Andrew Kang predicts a 50% increase in Dogecoin’s market cap post-Musk’s remarks. Dogecoin’s market cap stands at $26.66 billion, with potential to reach $40 billion soon. In an unexpected twist, the value of Dogecoin (DOGE) has surged following remarks made by Elon Musk during the recent Tesla Giga Event in Berlin. The renowned billionaire hinted at the possibility of integrating Dogecoin as a payment method for Tesla vehicles, causing ripples in the cryptocurrency market and driving DOGE to unprecedented levels. Shortly after…

Coinbase’s Chief Legal Officer, Paul Grewal, has reacted to recent remarks made by SEC Commissioner Hester M. Peirce at the “SEC Speaks” event. The annual two-day “SEC Speaks” event began Tuesday, providing clues into the Securities and Exchange Commission’s priorities for the year. “SEC Speaks” is a forum where the SEC provides guidance to the legal community on rules, regulations, enforcement actions and lawsuits. The event allows the SEC to get its main messages across, and this year’s key subject is “disclosure.” SEC Chair Gary Gensler, commissioners and other key personnel are giving remarks during the event. “Crypto Mom” Heister…

Bitcoin price is again attempting an upside break above $68,000 resistance zone. BTC could rally if it clears $67,500 and $68,000 in the near term. Bitcoin price started a decent increase above the $65,000 zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $65,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $68,000 resistance zone to start a fresh rally. Bitcoin Price Turns Green Bitcoin price remained supported above the $64,000 resistance zone. BTC climbed…

Dog-themed cryptocurrency Shiba Inu (SHIB) has experienced a staggering surge of 3,220% in large holder netflows. This unprecedented spike in netflows demonstrates intriguing moves by whales that are either accumulating or selling. Large holder netflows, which track the movement of SHIB tokens among wallets holding significant amounts of the cryptocurrency, provide valuable insights into the behavior of whales and institutional investors. A spike in large holders’ inflow demonstrates accumulation by large holders, or whales, while drops in this metric might indicate selling. The surge in large-holder netflows might reflect a significant increase in institutional interest in Shiba Inu, suggesting growing…

In a recent statement, Blockchain Association lawyer Marisa Tashman Coppel provided information about the latest developments in crypto litigation. Here is a summary of important cases affecting the cryptocurrency world and their current status. SEC vs. coinbase Last week, the court partially granted Coinbase’s motion for judgment on the allegations, rejecting the SEC’s argument that Coinbase Wallet functions as an unregistered intermediary. According to the lawyer, this is a significant achievement for developers working on DeFi and peer-to-peer technology. The court denied Coinbase’s request for the remainder of the SEC’s claims; This means they can proceed to the discovery process,…

Wladimir van der Laan is considering returning to Bitcoin development in response to the COPA court win against CSW, according to his recent blog post. He was seemingly astonished by the judge’s declaration that Craig Wright (CSW) is not the author of the Bitcoin White Paper, did not operate under the pseudonym Satoshi Nakamoto, did not create the Bitcoin System, and is not the author of the initial versions of the Bitcoin software. Van der Laan pointed to the fact that after years of gaslighting and harassment, the legal system’s decision was unexpected but welcomed. He labeled Wright as a…

The volume of daily large transactions on decentralized, open-source Proof-of-Stake blockchain Avalanche has surged to its highest since December 2023, as the network’s native token, AVAX, reached levels not seen since May 2022. According to a tweet from crypto market intelligence platform IntoTheBlock, Avalanche’s daily large transaction volume hit $329 million on Monday, March 11, indicating increased activity of large holders of AVAX. The total volume of large transactions on Avalanche hit $329 million on Monday, the highest daily amount since December. This indicates increased activity of large holders.🔗https://t.co/uEam7LI5qY pic.twitter.com/6VAxo4V1j9 — IntoTheBlock (@intotheblock) March 13, 2024 Avalanche Large Transactions Record…

Nearly two years after the $40 billion collapse of Terra (LUNA), the first hearing in a series of lawsuits against the once-popular cryptocurrency company is entering its final chapter. The fraud case filed by the U.S. Securities and Exchange Commission (SEC) against Terraform Labs and its founder Do Kwon is wrapping up in a Manhattan federal courtroom with just days to go before it ends, as the defense began presenting its case on Tuesday. Defense attorneys representing Terra and Kwon said they planned to call only a few witnesses before closing arguments began Thursday afternoon. They will have an uphill…