Author: NBTC

Despite choppy market conditions, crypto investors remain steadfast, with ownership rates holding steady or even increasing in key global regions. The “2024 Global State of Crypto” survey provides a comprehensive look at the enduring commitment of crypto investors during uncertain times. The survey highlights a resilient commitment from investors in the US, UK, France, and Singapore. Retail Crypto Investors Are Not Selling In the US, 21% of adults reported owning cryptocurrency, mirroring figures from the previous year. Similarly, 18% of U.K. residents maintained their digital asset holdings. In France, crypto ownership rose from 16% in 2022 to 18% this year.…

XRP investors received exciting news as Garanti BBVA, one of Turkey’s prominent banks, expanded its cryptocurrency offerings by incorporating XRP into its crypto application. This development allows XRP trading to be conducted directly and securely through the Garanti BBVA Crypto platform, enhancing ease of access for investors. Contents hide 1 Why Is This Significant? 2 Which Cryptocurrencies Are Supported? 3 Key Benefits for Users 4 Conclusion Why Is This Significant? Garanti BBVA’s decision to include XRP in its application comes in response to the growing interest in cryptocurrencies. This addition is crucial because it facilitates easier integration for XRP investors…

The securities regulator recently warned about scams involving ‘crypto asset securities,’ starting a debate around the term’s legal status. Previously, Ripple’s Chief Legal Officer Stuart Alderoty, argued that the term lacked a legal definition when the SEC used it in an FTX-related filing. In the SEC’s enforcement actions with exchanges and crypto companies, what truly qualifies as a “crypto asset security” under US law may remain unanswered. The SEC has not defined ‘crypto asset securities’ The US Securities and Exchange Commission (SEC) warned about crypto investment scams in a post on X. What caught attention is the agency’s use of…

It’s still very much a bull market for Base. But that hasn’t exactly converted to major profits just yet. The Ethereum layer-2 is setting new records for transaction counts and unique active addresses every other day — recording over four million transactions per day from more than one million unique addresses right now. Both those metrics can be easily boosted by Sybil bots and whatnot, but in any case, volumes on Base DEXs Aerodrome and Uniswap are holding steady, while some others across other blockchains have fallen. The blue line on the chart below shows the weekly transaction count for…

Bitcoin is under immense selling pressure at spot rates, crashing below critical multi-month support at around the $53,500 to $56,000 zone. As bears take over, there are concerns that the coin could, after all, slip even lower, plunging towards the $50,000 and even $40,000 level in a bear trend continuation formation. Bitcoin Sellers Testing Resolve Of Determined Active Investors Despite the prevailing doubts, several on-chain indicators point to strength. Notably, one analyst observed that Bitcoin prices have dipped below the “moderate risk lower boundary of 9% from the average purchase price of active investors” for the fifth time in eighteen…

DeFi Saver, a well-known platform for DeFi management, has recently announced the integration of Sky Protocol. Sky Protocol mentioned that the integration takes into account support for $SKY, $USDS, as well as Sky-Protocol features at its launch on the 18th of September, marking a key development facilitating both Sky Protocol and DeFiSaver. .@DeFiSaver has announced support for USDS, SKY, and Sky Protocol features, available at launch on 18 September! https://t.co/iPqCPaclPe — Sky (@SkyEcosystem) September 13, 2024 DeFi Saver and Sky Protocol Integrate to Provide Support for SKY and USDS In its latest X post, Sky Protocol disclosed that the respective…

The crypto market traded in the green today as Bitcoin’s steady above $60.5K triggered bullishness in the altcoin space. While the top ten digital tokens by market capitalization gained up to 3% on their daily charts, magnified investor sentiment propelled Immutable (IMX) surges by 10% over the past 24 hours. Meanwhile, IMX has extended its weekly gains by 16% to trade at $1.32 during this writing. Besides broad-market recoveries, renewed optimism on layer 2 blockchain added Immutable’s recent upswings. L2 protocols use advanced technologies such as sidechains, plasma chains, and rollups to enhance transaction efficiency and speed. These projects have…

A U.S. federal appeals court halted Kalshi’s brand-new political prediction markets, heeding the Commodity Futures Trading Commission’s request for an emergency stay after the regulator lost a similar motion to a lower-level judge. Judge Jia Cobb of the District of Columbia court ruled last week that the CFTC exceeded its authority by banning Kalshi from listing U.S. political prediction markets, basically bets on which party might control the House of Representatives or win the White House in any given term. Kalshi, the plaintiff in the case, sued the CFTC, arguing the agency was behaving arbitrarily in banning these markets. The…

Fasset, fintech platform based in UAE, has launched IOWN, the Ethereum layer-2 blockchain approved by the government in Malaysia. IOWN was built for the creation, management, and distribution of Real World Asset (RWA). Fasset based in UAE and the launch of the new Ethereum layer-2 supported by the government in Malaysia Fasset of the UAE and the first layer 2 of Ethereum supported by the government The layer 2 increase Fasset based in UAE and the launch of the new Ethereum layer-2 supported by the government in Malaysia Fasset, fintech company based in UAE, has launched IOWN, the Ethereum layer-2…

US money printing has been a leading cause for breaking traditional financial markets. This trend will no longer work in manipulating encrypted money that is cryptocurrencies. Analysts believe the end of the traditional financial world is at an end. After a brutal dip that threw the crypto market sentiment back towards the extreme fear dial on the Crypto Fear and Greed Index, and lots of panic selling, the crypto market is showing steady strength as crypto prices swing back towards a speedy recovery. Crypto Market’s Speedy Recovery Yesterday the price of Bitcoin (BTC) dipped below $50,000 but is now already…