Author: NBTC
Berachain mainnet isn’t even live yet; no traders are trading, or exchanges exchanging, on crypto’s latest layer-1. But that isn’t dissuading Ooga Booga from fundraising to support both. The strangely-named provider for a piece of financial infrastructure raised $2 million at a $10 million valuation, co-founder Kevin Liu told CoinDesk. The 19-year old founder said he wants his “decentralized exchange aggregator” to find the cheapest crypto swap for traders by scouring over half a dozen different exchanges. That kind of service could stand out on a network Liu said is “trying to be the most capital efficient L1.” Berachain’s novel…
Sam Bankman-Fried’s defense team pushed back against what it called the “disturbing” sentencing memorandum filed by the Department of Justice last week in a new letter, saying the DOJ was making the FTX founder out to be someone he was not. “With marked hostility, the memorandum distorts reality to support its precious ‘loss’ narrative and casts Sam as a depraved super-villain; it attributes to him dark and megalomaniacal motives that fly in the face of the record; it makes apocalyptic prophecies of recidivism; and it adopts a medieval view of punishment to reach what amounts to a death-in-prison sentencing recommendation,”…
Apple india has reportedly removed the Bybit app from its App Store on March 22. This development has left many Indian iPhone and MacBook users unable to access or download the app through the platform. Just In : Due to regulatory uncertainty, Today #Bybit crypto exchange app has been removed from the Apple App Store in India 🇮🇳. — Pushpendra Singh (@pushpendrakum) March 22, 2024 The decision follows a trend that began about two months ago when Apple began removing several cryptocurrency apps from its Indian App Store, coinciding with regulatory actions against these platforms. Regulatory Scrutiny On December…
BTC surged by almost 50% early this year, primarily propelled by the introduction of Bitcoin Exchange-Traded Funds (ETFs). These ETFs have significantly facilitated the accessibility of the leading cryptocurrency for retail and institutional investors. The recent price action has sparked conversations among industry leaders about why institutional players are increasingly drawn to the crypto market. Why Institutions Are Attracted to Bitcoin In a recent interview, Chainlink founder Sergey Nazarov pointed out that the influx of new investors into Bitcoin comes from the global financial system, anticipating the next evolution in the crypto space: real-world asset tokenization. Nazarov emphasized that major…
In the wake of Binance’s $4.3 billion settlement with U.S. regulators last November, a shift is underway in the institutional adoption of digital assets. We are now in a fresh market cycle and we’re seeing innovative custody solutions and many market opportunities. The collaboration between Binance and Sygnum to introduce a tri-party agreement for off-exchange custody exemplifies this shift. This arrangement, by decoupling custody and trading, helps mitigate exchange risk and opens accessibility and security for institutional investors venturing into the domain of digital assets. (Under the agreement, larger traders on Binance can now custody their assets at third-party institutions…
The Republican primary win of blockchain businessman Bernie Moreno in Ohio has set up the congressional race to watch for the crypto industry. Moreno will face off in the general election against crypto doubter Sen. Sherrod Brown, the chairman of the Senate Banking Committee who has been a legislative roadblock for digital assets regulation. Ohio’s U.S. Senate race may be the biggest congressional contest this year for the crypto industry, now pitting a digital assets booster against Sen. Sherrod Brown (D-Ohio), the sitting Senate Banking Committee chairman who has stood in the way of the development of regulatory legislation. Bernie…
The stage is set for a federal judge to determine how long Sam Bankman-Fried may spend in prison. The U.S. Department of Justice and defense attorneys have now both filed their arguments, as well as statements from FTX creditors (from the prosecution) and Bankman-Fried’s family and friends (from the defense). ‘Emotional toll’ The narrative Attorneys with both the defense and the prosecution have now filed their sentencing memos with the judge overseeing Sam Bankman-Fried’s case, arguing for their respective sentences. Alongside the briefs, the attorneys have also filed supporting letters from the people around FTX and Bankman-Fried, presenting emotional arguments…
What are Bollinger Bands? Bollinger Bands are a technical analysis tool used to gauge the volatility of assets like stocks. They help traders to identify overbought and oversold conditions based on mean reversion principles. Bollinger Bands consist of three lines: a middle line that represents the asset’s moving average and two outer bands that are positioned a certain distance away from the middle line, typically based on standard deviations. The bands expand and contract based on the asset’s volatility. This tool was developed by legendary trader John Bollinger in the 1980s. Bollinger Bands provide insights into market conditions by combining…
The FED’s interest rate decision, which was eagerly awaited by the cryptocurrency market and traditional markets, was announced. As expected, the FED left interest rates constant. Following his decision, Bitcoin’s first reaction was as follows: All eyes will now be on the press conference that FED President Jerome Powell will hold in half an hour, Turkey time (UTC+3). As Bitcoinsistemi.com, we will present this to you in an up-to-date manner. Most economists surveyed by financial data company FactSet thought the Fed would keep its benchmark interest rate steady today and at its next meeting on May 1. Consumers expecting lower…
Exchange-traded funds (ETFs) have emerged as a significant topic, particularly concerning their potential to fuel the Bitcoin (BTC) price to surpass its previous all-time high (ATH) of nearly $70,000. Furthermore, BTC proponents are optimistic that the upcoming halving event scheduled for April 2024 will provide a further boost to the world’s flagship cryptocurrency. Bitcoin’s bullish momentum Bitcoin (BTC) hit its highest price since 2021 and neared its record peak of $69,000 achieved in November 2021, before undergoing a significant correction. The price remains comfortably above the $62,000 price region at press time. Bitcoin’s strong bullish momentum has been mainly credited…