Author: NBTC

A notable Bitcoin (BTC) whale has made significant purchases over the past two days, fueling optimism in the crypto market despite recent price fluctuations. According to a tweet from Lookonchain, a prominent blockchain analytics platform, the whale added 953 BTC worth approximately $60.57 million to its holdings just an hour before the report. Over the course of two days, the whale’s total accumulation amounted to 2,448 BTC, valued at $154.6 million. This sizable accumulation of Bitcoin indicates strong confidence in the leading cryptocurrency, potentially signaling an upcoming price surge. Whales, which are large investors holding significant amounts of cryptocurrency, are…

The fund holds real estate trust deed positions, offering 14%-15% target yield for institutional investors. Chintai is a blockchain focused on real-world assets (RWAs), regulated and licensed by the Monetary Authority of Singapore for dealing in capital markets products. Asset manager Kin Capital is launching a $100 million tokenized real estate debt fund on the real world asset-centric network Chintai, the parties told CoinDesk exclusively. The fund holds first performing real estate trust deeds, which are agreements between borrower and lender to have the property held in a neutral, independent third-party trust until the loan is paid off. The initial…

Multiple projections expect XRP to soar to greater heights on the back of the final resolution of the Ripple v. SEC legal battle. Recall that payments firm Ripple and the U.S. Securities and Exchange Commission (SEC) recently witnessed the end of their nearly four-year-old legal tussle. Notably, the SEC charged Ripple for allegedly violating securities provisions with its sales of XRP in December 2020. Ripple Secures Partial Victory After three years of constant legal arguments, the judge ruled last July that XRP in itself is not a security. In addition, the court found that Ripple did not violate securities laws…

On September 24, the U.S. Department of Justice (DOJ) filed a complaint against payments giant Visa (NASDAQ: V) in a New York federal court. The complaint alleges that Visa, which processes 60% of all U.S. debit transactions, uses unfair practices such as exclusivity agreements and fines against partner merchants. It also alleges Visa uses its vast resources to entice would-be competitors to partner up rather than compete. While Visa profited $18.3 billion in 2023, an increase of 14% year-on-year (YoY), the DOJ argues that its anti-competitive practices ultimately lead to higher customer prices. It wouldn’t be the first time a…

The price of gold and silver rises with Silver to Reach Its Highest in a Decade as Global Liquidity and Economic Instability Rises. Global liquidity is currently boosting different forms of markets, including precious metals and possibly cryptocurrencies. Altcoins, however, are still rather quiet, but Bitcoin may surge to $90,000-$100,000 by the end of 2024. Gold and silver rise further in global markets with silver hitting a 10 year high. As global liquidity rises, the buy the precious metals market is again gaining popularity, with players fleeing from the unpredictable world economy. At the same time, focus is turned to…

Robinhood dismissed speculations regarding the company’s entry into the stablecoin market, confirming on Monday that Robinhood (HOOD) has no “immediate plans” to launch its own stablecoin. “At this point, we don’t have any immediate plan to launch a stablecoin. The rumors are always interesting, but we haven’t really spent time on it.” Robinhood Crypto’s Vice President and General Manager Johann Kerbrat told Decrypt. He was addressing a Bloomberg report last week saying that both Robinhood and Revolut were considering launching stablecoins. However, when pressed further about any imminent plans, the Robinhood VP added: “On our side, we don’t have any…

Ripple, a digital assets infrastructure, has secured in-principle approval from the UAE’s Dubai Financial Services Authority (DFSA) to expand its services from the Dubai International Financial Centre (DIFC). This, as per Ripple, will strengthen its global footprint as a regulated entity. Once fully licensed, Ripple will be the first blockchain-enabled payment services provider to be licensed by the DFSA, the independent regulator of financial services conducted in or from the DIFC. Ripple will introduce seamless cross-border payment services, including Ripple Payments Direct (RPD), in the United Arab Emirates. Ripple will offer cross-border payment solutions in the UAE According to the…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Earlier this year, in April, we had the latest Bitcoin (BTC) halving—and now some mining businesses are having a hangover. If they can navigate this and achieve a clear head, how can they avoid a hangover at the next halving? You might also like: Bitcoin halving will bring mass adoption to web3 gaming | Opinion Bitcoin halving is integral to cryptocurrency protocol. It controls the coin’s supply and inflation rate, rewarding miners for validating transactions. Initially, miners…

A whale dumped $59.15 million worth of cryptocurrencies on Binance, ahead of Jerome Powell’s speech. BTC, BNB, SOL, and ETH have experienced price declines of over 3.5%, 4.5%, 2%, and 2.3%, respectively, in the past 24 hours. Nearly $200 million worth of long and short positions in the past 24 hours. In the ongoing price correction, it appears that a crypto market crash is imminent. On September 30, 2024, a whale wallet address “0xcDe” dumped $59.15 million worth of cryptocurrencies to Binance, the world’s biggest cryptocurrency exchange, as reported by the on-chain transaction tracker TheDataNerd. Whale Dumps $60 Million of…

Former Binance chief Changpeng Zhao’s four-month prison stay might have actually been a pretty lucrative career move. Indeed, from the moment he entered a California prison earlier this summer to his release last week, the Binance founder might well have made more money than most executives could hope to earn in their lifetime. Although his wealth is mostly derived from equity in privately held companies, Forbes’ calculations of CZ’s net worth indicate that he could have made billions of dollars personally while serving his prison sentence. In fact, according to one such estimate, he may have made $25 million for…