Author: NBTC

A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain licenses and comply with fee limits and new disclosures. California Court Upholds Bitcoin ATM Withdrawal Limit The California Department of Financial Protection and Innovation (DFPI) announced on Wednesday that the Superior Court for Los Angeles County has confirmed the consumer protections outlined in the Digital Financial Assets Law (DFAL) for users of cryptocurrency kiosks, commonly known as bitcoin ATMs. The Alliance for the Fair Access to Cryptocurrency Terminals filed a…

Binance has secured formal consent from the Astana Financial Services Authority to operate as a fully regulated trading platform in Kazakhstan. Crypto exchange Binance has moved a step closer to becoming the first fully regulated trading platform in Kazakhstan after securing formal consent for a full regulatory license from the Astana Financial Services Authority. In a Sept. 6 announcement, the exchange said that the approval for its local branch Binance Kazakhstan positions it as potentially the first crypto exchange in the region with a full license. The exchange says its branch had to pass a series of external financial audits,…

On the 9th of August, the Bitcoin and Ethereum exchange-traded funds in the United States went through huge outflows. Spot On Chain, a popular on-chain analytics platform stated that the massive outflows of up to $16M and $90M from ETH and BTC ETFs indicate a cautious shift in the crypto market regarding investor sentiment. The analytics provider took to its official social media account to provide the details of the ETF flows. 🚨 US #ETF 09 AUG: 🔴$90M to $BTC and 🔴$16M to $ETH🌟 BTC ETF UPDATE (final): -$90M• The 10 US Bitcoin ETFs saw a total outflow of $177M…

Ethereum, the second-largest cryptocurrency by market cap, suffered its steepest monthly decline in more than two years this August amid weak demand for ETH-focused ETFs and growing technical criticism. The asset’s price fell by 22% to around $2,500, its worst performance since June 2022. “Marginal new buyers don’t see value at current prices,” said Quinn Thompson, founder of crypto hedge fund Lekker Capital, citing the lack of interest from new buyers. Thompson suggested that Ethereum’s price may need to fall further before it attracts new investment. The launch of Ethereum ETFs, which many hoped would boost the asset, has instead…

On September 4, 2024, Polygon is set to introduce its new native token, POL, marking a significant shift from the existing MATIC token. This upgrade is part of Polygon’s broader strategy to evolve from a single proof-of-stake (PoS) network into an expansive ecosystem of blockchains powered by zero-knowledge (ZK) technology. This article breaks down everything you need to know about this MATIC to POL migration and what it means for the future of Polygon. Polygon’s Ambitious Evolution: The AggLayer Polygon is widely recognized as a fast and cost-effective Ethereum (ETH) sidechain, but its journey began in 2017 with the launch…

The U.S. risks lagging in stablecoin regulation at the federal level amid competing jurisdictions worldwide, even as the Republican and Democratic parties work to establish clearer rules for the sector. The concern was highlighted by Circle’s Vice President, Yam Ki Chan, in an interview with Decrypt during Korea Blockchain Week on Wednesday, where he discussed global regulatory shifts. “Major jurisdictions around the world have set a minimum baseline for what a well-regulated stablecoin looks like,” Chan said. “The one that doesn’t have it fully yet is the U.S. at a national level.” That runs against other regulations worldwide, including the…

BitMEX will introduce new quarterly futures contracts on September 10, 2024. These additions expand the platform’s range of tradable assets and offer more opportunities for traders to lock in future prices. The contracts will be available for key cryptocurrency pairs, enhancing BitMEX’s futures market offerings. BitMEX New Listings The new contracts BitMEX will list include the following pairs: Cardano/Bitcoin (ADAZ24), Ether/Bitcoin (ETHZ24), Ripple/Bitcoin (XRPZ24), Ether/USD (ETHUSDZ24), Bitcoin/USD (XBTM25), and Bitcoin/USDT (XBTUSDTZ24), with settlement dates on December 27, 2024. Additionally, Bitcoin/USD (XBTM25) futures will be available, expiring on June 27, 2025. Quarterly futures differ from perpetual futures in that they have…

After undergoing a period of consolidation, the price of Bitcoin (BTC) is showing signs of a recovery. On August 9, a prominent crypto trading expert, TradingShot, shared a Bitcoin price forecast on TradingView, leveraging the ‘Golden Ratio’ correlation. This powerful signal, derived from the relationship between Bitcoin and the Gold/Russell 2000 (GOLD/RUT) ratio, has historically been a reliable predictor of Bitcoin’s parabolic rallies. The ‘Golden Ratio’ correlation and its historical significance According to the analysis, the chart pattern is beginning to unfold again, suggesting that a substantial upward movement could be imminent. The pattern highlights a significant correlation between Bitcoin’s…

Ethereum’s negative average returns in September could see the top altcoin record another month of losses. US products spark another week of net outflows for Ethereum ETFs. Ethereum price needs to move outside a key rectangle to determine its next trend. Ethereum (ETH) is up 2% on Monday despite negative sentiment around ETH’s historical weak price action in September. Meanwhile, ETH ETFs continue their weak trend, recording another week of net outflows. Daily digest market movers: Ethereum weak September returns, ETH ETF outflows Several market participants are anticipating that Ethereum may see further declines in September due to its historical…

SolarWise’s partnership with VeChain integrates $VET into its ecosystem, boosting the token’s utility in renewable energy operations. SolarWise progresses towards sustainable energy solutions with its first solar farm in Brazil, supported by VeChain’s blockchain integration and real-time DAPP monitoring. Following VeChain’s previous collaborations with the Crypto Carbon Ratings Institute (CCRI) to rapidly implement its framework and ensure compliance with the EU’s Markets in Crypto Assets regulation (MiCA), as reported in a recent CNF update, the company continues to expand its partnerships. Currently, VeChain’s partner, SolarWise Own The Sun AG, is advancing its renewable energy and blockchain integration with the upcoming…