Author: NBTC

Ripple intends to counter the SEC, submitting its Form C civil appeal today. The blockchain-based digital payment network will particularly challenge the court’s previous ruling on its XRP institutional sales, wanting clarity over the token’s classification. Ripple’s executives anticipate positive results from the Second Circuit’s ruling On August 7, District Judge Analisa Torres ruled that Ripple’s programmatic sales of XRP to retail customers did not breach federal securities laws, concluding that XRP is not a security. The Security and Exchanges Commission dissatisfied with the court’s ruling, filed an appeal to have XRP treated as a security. Today, Ripple is also…

The “September Effect” is, so far, in full force against Bitcoin (BTC) and other cryptocurrencies, mirroring historical patterns, as Finbold reported. Yet, technical analyses indicate that this is just part of an expected shake-out before BTC can seek higher prices. One of these analysts is Cryptorphic, according to a recent “BTC/USD roadmap to $93,000” he published on TradingView. At first, he urged traders and investors to “stay strong” because “things are going to improve soon.” “Hello everyone, first off, stay strong—things are going to improve soon! Many people are confused right now and might get liquidated, eventually leaving the market…

A colossal sum of 35,000 Ethereum (ETH) tokens has just been sent to the world’s oldest cryptocurrency exchange, Bitstamp, according to a report by Whale Alert. Digging deeper into the details of the massive deposit, it turns out that $88.3 million worth of ETH tokens were sent to Bitstamp hot wallet “0xf79” from the address “0xee47” in just one transfer. Whale Report identifies the sender as an unknown entity, but data from Arkham Intelligence alleges that WisdomTree may be behind the transfer. WisdomTree is one of the largest players in the ETF and fund market, both as a sponsor and…

In the latest development on US Securities and Exchange Commission(SEC) vs Ripple case, Republican candidate and Pro-crypto lawyer John Deaton has stepped up to appear as an amicus counsel for Ripple (XRP) holders. According to the post by Fox journalist, Eleanor Terrett: 🚨NEW: A filing for an appearance of amicus counsel in the Second Circuit rendition of @SECGov vs. @Ripple has just appeared on the docket. 👇🏼 “Senate race or not, I don’t walk away from what I started,” @JohnEDeaton1 tells me. pic.twitter.com/bQrlSHVFgF — Eleanor Terrett (@EleanorTerrett) October 24, 2024 It is worth mentioning that the screenshots accompanying the post…

Julien Bittel, head of macro research at Global Macro Investor (GMI), has stated that Bitcoin’s structure looks similar to the one from 2019. Back then, the leading cryptocurrency by market cap was stuck in “a consolidation range.” This year’s Bitcoin price structure is starting to look eerily similar to 2019…Take a close look at the chart – it’s almost a perfect fractal of what we saw back then.Bitcoin has been stuck in a consolidation phase, and interestingly, just like in 2019, this consolidation… pic.twitter.com/8p6tDTIBoL — Julien Bittel, CFA (@BittelJulien) September 7, 2024 So far, this consolidation phase has lasted exactly…

ETH/BTC drops below a 3-year low, as Ethereum continues to slump against Bitcoin, with Michaël van de Poppe highlighting a potential support zone. Ethereum’s exchange rate against Bitcoin has experienced a significant decline, recently dipping below 0.037 on October 25—its lowest level since April 15, 2021. Market data shows a 30% drop in the ETH/BTC rate since July 1 this year, reflecting a major downturn in Ethereum’s performance compared to Bitcoin. Analysis Shows Key Support Levels Michaël van de Poppe, CEO of MN Consultancy, has observed this bearish trend in the ETH/BTC pair, calling a capitulation on Ethereum. His analysis…

The Token2049 conference in Singapore attracted some of the biggest names in crypto, and some of them, unsurprisingly, took the opportunity to pump their own bags. According to some attendees who watched Arthur Hayes’ speech at the conference on Wednesday, the ex-BitMEX CEO took nearly 30 minutes of stage time to promote one of his favorite crypto projects, Pendle. On Friday, he sent over a million dollars of Pendle to his accounts at Binance and ByBit. Because centralized exchanges like Binance and ByBit commingle customer assets together, preventing absolute confirmation of what occurred, many people interpreted the transfer as an…

Coinbase CEO Brian Armstrong has publicly endorsed David McCormick, the Republican Senate candidate running for a seat in Pennsylvania. Armstrong’s strong support for McCormick aligns with Pennsylvania’s recent passage of the Bitcoin Rights Bill. On October 23, Pennsylvania’s House of Representatives passed HB-2481, making it the latest state to clarify digital asset regulations. In an X post on October 25, Armstrong stated, “Now let’s elect Dave McCormick for Senate to protect our rights at the federal level.” Nicely done Pennsylvania – now let’s elect Dave McCormick for Senate to protect our rights at the federal level. https://t.co/ds9ORbTsXE — Brian Armstrong…

Digital artist Mike “Beeple” Winkelmann broke records in 2021 with the sale of his NFT artwork “Everydays: The First 5,000 Days,” which sold for $69.3 million at auction. Since then the fervor around NFTs has cooled substantially, with trading volumes plunging by over 90%. Mike Winkelmann, aka Beeple, and Tim Marlow OBE. Image: Decrypt Speaking last week at an on-stage interview with the chief executive of the Design Museum, Tim Marlow OBE, at London’s Royal Academy of Arts, Beeple reflected, “It’s crazy to me to think about those times, because NFTs have been hated for so much longer than they…

A crypto trader purchased 2,379 Wrapped Ether (WETH) worth $5.9 million in a series of strategic moves. And, in over 40 minutes, they acquired a total of 7,428 WETH at an average price of $2,477 per WETH. While this demonstrates the potential rewards of careful planning, experts warn against blindly copying large traders without understanding their strategy. 「波段胜率 83% 的聪明钱」时隔十天重出江湖👊过去半小时他以均价 $2471 买入 5049 枚 WETH，价值 1248 万美金，正式开启第 13 次波段！而他在 09.29 以均价 $2660 建仓的 10090 ETH 中还有 5117.5 枚未卖出，目前浮亏 93.6 万美金截止目前他的战绩是 12 战 10 胜，每轮波段详情如图所示 https://t.co/To1CGuBBGb pic.twitter.com/xAxJ8bJle1 — Ai 姨 (@ai_9684xtpa) October 25, 2024 In a volatile market, the trader’s methodical…