Author: NBTC

Traditional financial institutions are increasingly showing interest in venturing into the crypto sector amid growing client demand. In this line, banking giant Standard Chartered is particularly expanding its crypto involvement by planning to offer spot trading services for Bitcoin (BTC) and Ethereum (ETH), Bloomberg reported on June 21. This move will make Standard Chartered, which controls over 800 billion in assets, the first major global bank to establish a spot crypto trading desk. Bloomberg, citing individuals familiar with the matter, noted that the bank will incorporate trading into its FX unit, which will have operations based in London. “We have…

Joshua Jake, the co-founder of OmniSwapAi, boldly warns crypto market participants to distance themselves from XRP, the seventh biggest crypto, describing it as trash. In a recent post on X, Jake stirred emotions by branding XRP as a worthless crypto to hold. The commentary quickly attracted significant reactions, particularly from passionate holders who felt targeted. $XRP is trash, Stop holding it. — Joshua Jake (@itzjoshuajake) July 10, 2024 Community Reacts Some accused Jake of being financed by the Bitcoin maximalists to disparage XRP. Others claim he lacks proper education about XRP and urge him to buy Ethereum and leave XRP.…

On August 9, 2024, Celsius Network Limited, acting through the Blockchain Recovery Investment Consortium, LLC, filed suit against Tether Limited, and certain of its affiliates, in the United States Bankruptcy Court for the Southern District of New York. This baseless lawsuit against Tether proves the adage that “no good deed goes unpunished.” The claims arise out of a 2022 agreement under which Tether made USD₮ available to Celsius, in amounts that Celsius requested at the time. Under the agreement, Celsius posted bitcoin (BTC) to Tether as collateral. As the price of BTC began to fall in June 2022, the agreement…

Bitcoin, the world’s largest cryptocurrency, experienced a decline again today and increased its loss in the last 24 hours to approximately 2.5%. Losses in the last week have exceeded 5%. BTC price briefly rose above $67,000 this week but could not hold there. Graph showing the decline in BTC price today. Il Capo of Crypto, one of the most well-known analysts in the cryptocurrency world, shared his current views on the market in light of the latest developments. il Capo said in another analysis he published recently that he still thinks in favor of the bull. According to the analyst,…

Cardano founder Charles Hoskinson outlines Cardano’s vision to surpass Bitcoin with innovation, new listings, and advanced governance, targeting a multi-trillion ecosystem. Cardanians on X recently shared a statement from Charles Hoskinson, where he emphasized the potential ease of surpassing Bitcoin. According to Hoskinson, Bitcoin has stalled, while the Cardano community is equipped with the necessary resources, inspiration, and tools to advance and take the next step. Charles Hoskinson explains how easy it is to flip #Bitcoin. Bitcoin stalled. The #Cardano community will have the resources, inspiration and tooling to take the next step. This will allow further steps to be…

The Superintendence of Banking and Insurance (SBS) of Peru, has issued a resolution that forces VASPs to implement Know Your Customer (KYC) and anti-money laundering (AML) measures as part of a compliance plan. The resolution is in line with FATF recommendations and seeks to control and avoid criminals to use these platforms for illicit purposes. Peru Issues Resolution Forcing VASPs to Integrate KYC and AML Compliance in Their Structures Peru is introducing rules to regulate the operation of virtual asset service providers (VASPs) in the country. Last month, the Superintendence of Banking and Insurance (SBS) of Peru issued resolution N°…

A widely followed crypto analyst believes that a key metric indicates Bitcoin (BTC) is consolidating ahead of a blow-off top. In a new strategy session, trader Jason Pizzino tells his 329,000 YouTube subscribers that Bitcoin appears to be following a 2020 cycle pattern of consolidation before a sudden massive rise in price and volume. The analyst uses Google trend search terms as a metric to gauge where Bitcoin and cryptos are in the current cycle based on historical patterns. “So Google trends, a lot to look at. Bitcoin and crypto search terms, this still, well and truly, down compared to…

Covalent (QCT), a modular data infrastructure for artificial intelligence (AI), has seen the price of its native token fluctuate sharply in the past 24 hours. The price of QCT fell sharply on Thursday, crashing from $0.15 to $0.10. However, QCT has rebounded and is currently trading around $0.16, as the community looks to steady itself around the AI-related crypto project considered a major network development. Crypto analyst Michael van de Poppe said on X that Covalent is poised to bounce back after the sharp price correction. “$CQT is doing great in their ecosystem and they proposed a change for CQT…

It seems that Bitcoin’s selling pressure is through the roof again as the first cryptocurrency dropped below $65,000, with more than $140 million liquidated. However, the main source of selling pressure might not have been so obvious. Recent price action indicates that Bitcoin is having difficulty maintaining its hold above important support levels. With a break below the 50 EMA and an approach to the 100 EMA, the daily chart shows an extreme decline. There is also growing bearish momentum indicated by the RSI. The fact that Coinbase is the source of the selling pressure is crucial. The Coinbase Premium…

The latest developments in the NFT sector have reportedly resulted in a shift in the sales thereof. Hence, this week saw a change in the top NFT collections in line with sales, as per data from CryptoSlam. The prominent NFT projects in this respect take into account DMarket, Guild of Guardians Heroes, Sorare, DogeZuki Collection, and CryptoPunks. DMarket Leads the Top NFT Projects Based on Weekly Sales The statistics disclose that DMarket has led the NFT market in the case of sales. The NFT project reportedly witnessed sales of up to $7,471,863 worth. This figure denotes a great surge of…