Author: NBTC

Solana-based meme cryptocurrency dogwifhat (WIF) has surged by 11% over the past 24 hours, according to CoinGecko data. Notably, the WIF meme cryptocurrency has outperformed every other cryptocurrency in the top 100. The multi-billion dollar meme coin is up more than 60% from the lows that were recorded just a few days ago. Mister Crypto, a pseudonymous cryptocurrency analyst, has noted that WIF is in the process of a breakout. “A new leg to the upside is getting started,” the analyst added. At the same time, it is worth noting that WIF is still down as much as 49% from…

July 31 (Reuters) – When former U.S. president Donald Trump promised a bitcoin conference on Saturday that if reelected he would fire Securities and Exchange Commission Chair Gary Gensler, a crypto skeptic, the crowd roared with delight. “Wow, I didn’t know he was that unpopular,” the Republican presidential nominee shouted over the cheers. Trump, who once derided cryptocurrencies as a “scam,” is courting the industry and winning big checks from donors hoping he will swiftly end Gensler’s crypto crackdown. Under Gensler, a Democrat appointed by President Biden, the SEC has brought dozens of crypto enforcement actions, including against major exchanges…

Mt. Gox has started repaying creditors in BTC and BCH, requiring validation of registered accounts and acceptance of agreement terms. Repayment timelines vary by exchange, with Kraken taking up to 90 days, Bitstamp 60 days, BitGo 20 days, and SBI VC Trade and Bitbank 14 days. Security concerns have emerged with reports of failed login attempts; users with 2FA are more confident in the security of their assets. Mt. Gox has begun the process of repaying creditors in Bitcoin (BTC) and Bitcoin Cash (BCH). However, the repayment process comes with several stringent conditions. Creditors must meet some conditions to receive…

Robert Kiyosaki, who is known for his active investments in Bitcoin and other highly speculative assets, as well as for his book “Rich Dad Poor Dad”, has published a lengthy tweet to talk about Bitcoin and other fast track investments. “Rich Dad Poor Dad” author talks about his business of educating beginning entrepreneurs and teaching them how to improve their “financial IQ” as he calls it. He talks about “fast track investments,” including Bitcoin and a new asset investing in which is going to be very profitable in the near future as it is useful for the environment and is…

Ethereum price corrected gains and traded below the $3,300 level. ETH is consolidating and facing hurdles near the $3,300 resistance zone. Ethereum started a downside correction from the $3,400 resistance. The price is trading below $3,330 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3,295 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,330 resistance zone. Ethereum Price Extends Losses Below $3,300 Ethereum price failed to clear the $3,400 resistance zone and started a downside correction, like…

VeWorld, the self-custody wallet for the VeChainThor blockchain, now supports Apple Pay through an integration with on-ramp provider Transak. The VeWorld crypto wallet allows users to store and manage their Vechain (VET) as well as other VechainThor-based tokens (VIP180). Users of the self-custody wallet can access features such as fee delegation and Ledger wallet integration. “Transak’s support for Apple Pay aligns perfectly with our goal of providing the most user-friendly experience possible. This partnership is a significant step towards greater accessibility and convenience for our users,” said Fabio Fabbrucci, product manager at VeWorld Apple Pay adds to VeWorld’s payment options…

Coinbase’s Asia-Pacific Managing Director said the exchange is concerned about “ongoing regulation through enforcement” ahead of expected draft legislation for the sector. Australia’s Treasury is planning to introduce a draft legislation for the crypto sector by the end of 2024. Nasdaq-listed cryptocurrency exchange Coinbase (COIN) is concerned about “ongoing regulation through enforcement,” which is not “helpful to the overall direction of the industry” in Australia ahead of expected draft legislation, senior executives of the cryptocurrency exchange told CoinDesk in an interview. “We want to avoid ongoing regulation through enforcement given all the healthy interactions we’ve had (with regulators) in recent…

Futu Securities, Hong Kong’s biggest online brokerage with over 3.5 million customers, has launched retail Bitcoin trading on its platform. As per South China Morning Post, users can now directly buy and sell Bitcoin and ether using Hong Kong or US dollars. JUST IN: 🇭🇰 Hong Kong’s largest online broker Futu has launched #Bitcoin and crypto trading. pic.twitter.com/sGDxbx83is — Bitcoin Magazine (@BitcoinMagazine) August 1, 2024 Futu is the first online broker in Hong Kong to offer direct Bitcoin access to retail investors. Last month, the company received approval from the city’s Securities and Futures Commission (SFC) to provide virtual asset…

Investor and financial commentator Peter Schiff, known for his critical stance on Bitcoin, has once again voiced a critical opinion on Bitcoin, highlighting its poor performance in Q2 compared to gold. According to Schiff, Bitcoin’s value has dropped over 15% as it approaches the end of Q2, while gold has seen a 4% gain during the same period. #Gold closed Q2 with a 4% gain. #Bitcoin still has two more days left to trade, but as of now it’s down over 15%. Investors who sold gold ETFs at the end of Q1 to buy Bitcoin ETFs are 20% worse off.…

Net flows into the group of nine spot Ethereum exchange-traded funds (ETFs) turned positive in Tuesday trading as BlackRock’s iShares Ethereum Trust (ETHA) raked in $118 million in net inflows, sufficiently offsetting large withdrawals from Grayscale’s Ethereum ETF (ETHE), according to data from Farside Investors. Investors pulled around $120 million from Grayscale’s ETHE on Tuesday, bringing the outflows after six trading days to over $1.8 billion. Since the fund’s conversion, its assets under management have dropped from over $9 billion to $6.8 billion, according to updated data from Grayscale. US spot Ethereum ETF Flows on July 30 – Source: Farside…