Author: NBTC

Social media personality and former kickboxer Andrew Tate is known for his involvement in the cryptocurrency sector and commitment to making further investments in select digital assets. In his latest move, Tate announced plans to invest $1 million in Daddy Tate (DADDY) coin once he reached 10 million followers on the X social media platform. Elsewhere, Tate has previously expressed his dissatisfaction for the traditional finance system, prompting him to make a commitment to convert $100 million worth of fiat currency into Bitcoin (BTC). DADDY price analysis Overall, DADDY has experienced significant volatility but recently showed bullish momentum, breaking above…

Binance, a leading global crypto exchange, has announced listing of the Rocket Pool (RPL) altcoin’s perpetual contract. Announced on September 9, 2024, this new addition to Binance Futures offers the RPLUSDT Perpetual Contract with up to 75x leverage and operates 24/7. This indicates an expansion of trading options on the platform. Rocket Pool Gains Binance Listing Despite Inactive Social Media Surprisingly, the listing coincided with a prolonged period of inactivity from Rocket Pool, which had not updated its social media since December 19, 2023. Nevertheless, the announcement triggered a swift 30% surge in RPL’s price. Although it later stabilized, the…

The Aug. 5 market plunge reversed Bitcoin’s funding rate for margin positions, potentially setting the stage for a bullish fourth quarter. Pseudonymous CryptoQuant analyst ShayanBTC said that Bitcoin’s (BTC) early-August decline may benefit the digital asset before this year ends. The dip to $49,000 triggered a massive deleveraging sweep, flushing nearly $1 billion in BTC longs. The slump also wiped out over $1.2 billion in crypto margin positions and reset funding rates to negative. As a result, short sellers dominated leveraged positions. According to the CryptoQuant researcher, investors could view the development as a net positive “as it suggests the…

Overstock-backed tZero Group Inc. says it’s joined Prometheum Inc. as one of two U.S. special purpose crypto broker dealers. The newly licensed firm said it’ll start launching products under its new status early next year. A second company, tZero Group Inc., said it’s achieved status as a fully registered U.S. broker dealer under a rule allowing for crypto firms to join those ranks, following a path previously blazed by Prometheum Inc. Such a registration as a special purpose broker dealer under U.S. Securities and Exchange Commission oversight will allow the firm to take custody of customers’ digital assets securities, though…

Alchemy Pay has launched its crypto payment solutions on Telegram through The Open Network. This addition will allow users of the popular messaging app to make crypto transactions without leaving the platform, making it easier for Telegram’s user base to engage with digital currencies. The partnership, announced on Alchemy Pay’s X account, is part of the company’s broader mission to bridge the gap between traditional finance and the crypto world. In other words, Alchemy Pay is simplifying how people send and receive crypto directly through the Telegram app, much like sending a regular message. This new feature streamlines digital currency…

The financial industry is abuzz with the latest developments in cryptocurrency investments. Major banks are contemplating the inclusion of Bitcoin ETFs for their affluent clientele. Recent reports indicate that Wells Fargo is preparing to permit its advisors to promote Bitcoin ETFs. Wells Fargo Steps Up Its Crypto Game: Financial Advisors to Promote Bitcoin ETFs to Select Clients. Wells Fargo to Offer Bitcoin ETFs: Following in Morgan Stanley’s Footsteps In an anticipated move mirroring Morgan Stanley, Wells Fargo is poised to allow its financial advisors to introduce Bitcoin ETFs to selected clients. This strategy comes on the heels of Morgan Stanley’s…

BabyDoge announced that it has relinquished ownership of its token contracts on both the Ethereum and BNB Chain networks. This shift means that no single entity, including the BabyDoge development team, has absolute authority over the token contracts. Instead, every crucial decision must be made collectively by the token holders, reinforcing the decentralized nature of the project. Impact on the BabyDoge Community The decision to renounce ownership has several implications for the BabyDoge community and its users: Enhanced Trust and Decentralization: By removing centralized control, BabyDoge aims to foster a more transparent and trustworthy environment. Token holders will have a…

Coinbase has seen a sharp decline in market share as smaller exchanges gained ground recent months, according to a Sept. 9 report by research firm Kaiko. Coinbase dominated more than half of the US crypto market share earlier this year, peaking at almost 55% in March. However, its market share has since fallen to 41% in early September, down from 53% in June. The biggest beneficiary of this shift has been Bullish, whose market share nearly doubled from 17% to 33% over the same period. Unlike Coinbase, which mainly serves retail investors, Bullish primarily targets institutional clients and trading. Founded…

Following a year of incubation, “Community Superapp” Fedi officially launched yesterday and has announced plans to open source its freedom technology stack. Introduced back in 2022, Fedi is a financial platform looking to empower individuals with financial access and resources by leveraging the power of local communities. Engineered with a privacy-first mindset, the release of Fedi is a major step forward in promoting grassroots economic development and individual freedom. The Fedimint consensus protocol allows community leaders to organize common resources, support its participants’ sovereignty and stimulate social opportunities. “A single piece of software that can replace multiple legacy apps with…

A heated discussion broke out recently in the community of enthusiasts of popular cryptocurrency Cardano (ADA). The subject of debate and discontent was 200 million tokens, which one of the companies operating in the ecosystem requested from the Treasury. Thus, the network leaked documents of a venture capital fund called 3UTxO, according to which it requested the above amount in order to further distribute them to the selected start-ups and innovative projects focused on Cardano. This proposal did not please many community members, who protested against such inflated demands, in their opinion. While the Cardano enthusiast community was mostly angry…