Author: NBTC

Citi upgraded Coinbase to buy from neutral and raised its price target to $345 from $260. The crypto exchange could benefit from an improving regulatory regime in the U.S., the report said. Coinbase could also profit from a U.S. crypto catchup, the bank said. Crypto exchange Coinbase (COIN) is likely to benefit from an improving regulatory regime in the U.S. after the presidential election in November and the Supreme Court’s overturning of the Chevron precedent, Citi (C) said in a research report on Tuesday upgrading the shares. Citi raised Coinbase to buy from neutral and increased its price target to…

In a tweet, COTI announced that they have been selected to participate in the Central Bank of Israel Digital Currency (CBDC) project. This project, which involves 13 well-known companies such as Qedit, Paypal, 0xPay and Fireblocks, represents a big step forward for COTI’s privacy-focused infrastructure. COTI’s participation in this project highlights the importance of privacy and security in CBDC development. As the only blockchain network selected for this project, COTI puts its expertise at the forefront, focusing on architectural considerations and advanced features. Privacy-focused Layer 2 (L2) blockchain uses advanced technologies such as garbled circuits to provide users with an…

Ripple CEO expressed confidence in resolving the prolonged legal battle with the U.S. Securities and Exchange Commission (SEC) soon after a meeting next week. According to Bloomberg, Brad Garlinghouse, the Ripple CEO, hinted that a settlement might soon be reached, particularly after a closed-door meeting with the SEC next week. According to Bloomberg, Ripple CEO Brad Garlinghouse expects the company to soon resolve its years-long lawsuit with the U.S. SEC. It is speculated that XRP will announce a settlement after a closed-door meeting with the U.S. SEC next week. https://t.co/lnyfZSIvqL — Wu Blockchain (@WuBlockchain) July 21, 2024 Although the CEO…

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has unveiled two new initiatives aimed at enhancing liquidity and facilitating large-scale transactions in the crypto market. On Wednesday, the platform introduced both a liquidity matching program for spot markets and zero commissions for block trading. The company announced the launch of its Spot Liquidity Pairing Program, designed to connect market makers with projects seeking improved liquidity, a persistent issue in the cryptocurrency. As part of this program, Bybit will highlight “Premium” liquidity providers on its recommendation list to projects. For July, seven market makers have been recognized in this category,…

Darin Feinstein, the founder of Bitcoin miner and digital asset infrastructure firm Core Scientific, is bullish on Bitcoin. According to Feinstein, the Bitcoin ecosystem has witnessed massive growth and adoption since the chaotic early days. More than that, he sees the Bitcoin ledger as the real value of BTC – and this is still massively undervalued. He also says Bitcoin’s current price drop is “artificial” and that this is another opportunity to buy. Mt.Gox and Bitcoin’s price crash Bitcoin dropped to around $56,700 earlier today, but has seen a slight rebound to currently change hands near $58,200. The reason for…

On 23 July 2024, 21Shares Co-Founder and CEO Hany Rashwan appeared on “Bloomberg Crypto” to talk to Sonali Basak and Tim Stenovec about Ethereum’s price action on the day that nine US-listed spot Ethereum ETFs started trading, who these ETFs are for, Ethereum’s use cases, and the potential for future integration of staking rewards into these ETFs. Ethereum’s Price Action and Market Conditions Rashwan began by addressing the current price action of Ethereum, which had been down for three consecutive days. Source: TradingView Rashwan attributed this to the timing of the spot Ethereum ETF launches, noting that while the influx…

Bitcoin (BTC) mining stocks are drawing significant attention from investors looking for promising opportunities in the cryptocurrency market. The recent assassination attempt on former President Trump sent shockwaves through the political landscape, driving Bitcoin prices over $64,000 and boosting Bitcoin miner stocks. Earlier this year, these stocks struggled due to investor concerns over declining revenues and rising costs following the launch of spot Bitcoin ETFs in the US and the halving event. However, according to ecoinometrics, Bitcoin mining stocks have been steadily closing the performance gap with Bitcoin itself. The industry has made significant strides in consolidating operations and shifting…

Injective, the blockchain for finance incubated by Binance and backed by prominent investors including Pantera, Jump Crypto, and Mark Cuban, has announced a key integration with Mountain Protocol. Specifically, Injective (INJ) has added support for Mountain Protocol’s yield-bearing stablecoin USDM and will allow its users to leverage it as collateral for derivatives trading. Why does it matter? The firms said in a press release that the integration would see Injective users earn a yield on the stablecoin’s Treasury Bill-backed assets. Users will also use the USDM as a margin when trading derivatives, marking the first time users can tap into…

Mark Cuban says business leaders are warming to the prospect that Kamala Harris might be a stronger advocate for crypto and other emerging tech sectors than her predecessor, if elected. “The feedback I’m getting, but certainly not confirmed by the VP, is that she will be far more open to business, [artificial intelligence], crypto and government as a service,” the billionaire and noted Bitcoin enthusiast said Tuesday, according to a report in Politico. While Harris, now the presumptive Democratic nominee for president, has never publicly shared her thoughts on crypto, the previously San Francisco-based politician is widely seen as more…

Decentralized exchanges have first come into prominence during the DeFi boom, and they’ve been a staple of the on-chain experience ever since. But we’re nowhere close to their limit: DEXs might still look completely different from how they were before. Currently, decentralized exchanges continue to gain strength in terms of spot volumes and funds locked. With the memecoin boom on Solana, Base and other platforms, DEXs have become the go-to platform for trading even for some people who never interacted with wallets before. According to DefiLlama, DEXs cumulatively account for about $6B daily volume and about $45B weekly, spearheaded by…