Author: NBTC
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…
Professional basketball player and NBA All-Star Tyrese Haliburton has said that he would consider taking a portion of his salary in cryptocurrency. The 24-year-old Indiana Pacers point guard discussed his experiences with crypto during an interview with CoinDesk alongside 2024 NBA Slam Dunk Contest champion Mac McClung. “I don’t ever want to say never,” Haliburton told CoinDesk. “With my schedule, I’m not day trading, but my brother does that a lot. So I could see myself taking a large sum of my contract and giving that to my brother to day trade and pay attention to the dips in the…
A South Korean altcoin issuer has been arrested on fraud charges. Prosecutors in the country have accused him of duping investors out of $16.1 million. Per Newsis, the Seoul Southern District Prosecutors’ Office’s Virtual Asset Crime Joint Investigation Team arrested the unnamed individual on March 19. South Korean Altcoin Issuer ‘Conspired with Market Maker’ The arrest follows a crypto market maker’s dramatic and ultimately unsuccessful sea escape in December last year. On December 20, 2023, Coast Guard officials intercepted a boat carrying the market maker, surnamed Park (42) and nicknamed Jon Bur Kim. Under this alias, Park also built up…
Bitcoin price is gaining momentum above the $62,000 resistance. BTC is signaling an upside break and might surge toward the $65,000 resistance. Bitcoin price is moving higher from the $61,200 support zone. The price is trading above $62,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $62,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate higher toward the $65,000 resistance or even $65,730. Bitcoin Price Regains Strength Bitcoin price remained well-bid above the $60,000 support zone. A base was formed,…
As we reported as Bitcoinsistemi.com, the FED announced that it left interest rates constant, as expected. Following this development, which is not a surprise, FED President Jerome Powell will make a press statement and then take questions from journalists. Since the decision to keep the interest rate constant is an event that has been mentioned many times by analysts and is considered certain, the markets are focusing on what Jerome Powell will say. Here are the important highlights from Jerome Powell’s speech: The economy has made significant progress, inflation has decreased significantly. But continued progress is not assured and the…