Author: NBTC

In the rapidly evolving landscape of digital finance, the emergence of crypto assets has introduced unprecedented challenges as well as opportunities for regulators who provide proactive frameworks across the globe. The European Union is the largest government body that has done so through the Markets in Crypto-Assets Regulation (MiCAR), however, it finds itself at a critical juncture now, facing the task of navigating the complexities introduced by non-custodial crypto asset service providers. The following is an opinion editorial written by Sebastian Heine, Chief Risk and Compliance Officer at Northstake. Non-custodial crypto asset service providers, often operating in the decentralized finance…

Recent data indicates a sharp increase in stablecoin deposits on cryptocurrency spot exchanges, while withdrawals have not shown a corresponding rise. This pattern of heightened deposit activity, without similar increases in withdrawals, points to a growing demand within the crypto market. Such trends are often precursors to notable price movements, signalling potential volatility or bullish momentum in the near term. #Bitcoin: Surge in Stablecoin Deposits“The number of spot exchange stablecoin deposits has significantly surged over the past few days, with minimal corresponding increases in spot exchange stablecoin withdrawals.” – By @phi_deltalytics Link 👇https://t.co/T6bmnDSBqI — CryptoQuant.com (@cryptoquant_com) May 20, 2024 Historical…

Ethereum is in the midst of its longest inflationary period so far. And “blobs” could be to blame. The circulating supply of ether has now risen steadily for almost 72 days in a row, having added nearly 50,000 ETH ($168.7 million) since the middle of April. ETH holders benefit from any net supply burns due to increased scarcity. However, the opposite is currently happening — ETH is becoming less scarce — now that Ethereum’s base fee is sitting at some of its lowest points in the past two years. All while the number of Ethereum mainnet transactions has gone up…

Coinbase as a firm forbids its employees from discussing politics, but this restriction doesn’t apply to the firm itself, which makes a variety of political donations. Coinbase’s efforts have included expanding its lobbying efforts as well as supporting political action committees like Fairshake. However, Coinbase has also been donating to organizations formed under Section 527, including both the Republican Governors Association (RGA) and the Democratic Governors Association (DGA). ProPublica’s 527 Explorer, which uses IRS reporting information, shows that Coinbase donated $50,000 each to the RGA and the DGA in March. This wasn’t the first donation to either organization to come…

Marathon has mined 9 million of KAS tokens since Sept. 2023, valued at about $15 million. The miner has brought 30 petahash worth of machines online to mine Kaspa, while 30 more will be starting by the third quarter. Bitcoin (BTC) miner Marathon Digital (MARA) is now a multi-coin crypto miner, after it started mining layer 1 protocol Kaspa (KAS) to diversify its mining revenue. Kaspa uses a proof-of-work (PoW) consensus mechanism called GHOSTDAG protocol, and unlike bitcoin, it allows multiple blocks to be produced simultaneously. This process helps make transactions faster and provides more block rewards for miners, according…

Interestingly, just like in 2017, when Bitcoin’s price bottomed following the Bitfinex crash, the crypto token also looked to have bottomed in this market cycle when FTX, another crypto exchange, collapsed. Back then, Bitcoin consolidated for some time before enjoying a parabolic rally, which made it reach $20,000 in 2018. As TechDev suggested, history could repeat itself with Bitcoin consolidating ahead of a move that could send it to as high as $100,000. From the chart the crypto analyst shared, one could see that Bitcoin has consolidated longer in this market cycle than it did in 2017. However, crypto analyst…

Ethereum (ETH) options traders maintain a bullish stance despite the recent market turbulence, according to analysts at Kaiko. This analysis is backed by the put-call ratio dynamics, which raised in May and suggested a bearish sentiment as more puts than calls were bought. Image: Kaiko However, this trend reversed in June as the ratio declined, indicating a shift towards bullish bets. This optimism is further supported by the trading volumes at higher strike prices for December expiries, where a significant number of calls exceed the current price levels. The positive shift in trader sentiment can be linked to recent regulatory…

The European Council has unveiled a 14th package of sanctions, targeting crypto providers established outside of Europe that support Russia’s defence-industrial base. European leaders have adopted another package of sanctions designed to target “high-value sectors of the Russian economy, like energy, finance and trade, and make it ever more difficult to circumvent EU sanctions.” In a Jun. 24 press release, the European Council revealed that the latest package includes restrictive measures on an “additional 116 individuals” as well as entities “responsible for actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.” Reuters notes in a report that…

Tierra del Fuego leads Argentina in cryptocurrency transactions, leveraging tax incentives and cold weather for mining. Lemon Wallet’s “Crypto Cup” reveals Patagonia’s dominance in crypto transactions amid economic instability. In Argentina’s Patagonia, the adoption of cryptocurrencies is notably high, particularly in the sparsely populated region of Tierra del Fuego. This area leads the country in digital transactions, largely due to its favorable conditions for Bitcoin mining. The cold climate efficiently cools mining equipment, and local tax incentives further bolster the sector’s appeal, as we have written in Crypto News Flash. Lemon Wallet, a Argentine digital exchange, tracks and ranks provinces…

Bitcoin (BTC) blows through $70,000 value and continues an upward climb. Trader notices how Bitcoin (BTC) shorts are liquidated signalling a new ATH. Analyst explains how the bull run phase is yet to begin and teases major market movements soon. Bitcoin (BTC) surpasses $70,000 today nearing its previously set ATH of $73,737 set earlier in the pre bull cycle phase. Presently, the price of Bitcoin is at $71,131 and one trader observes that all Bitcoin (BTC) have been liquidated indicating the arrival of the next new all-time high (ATH) for the pioneer crypto asset. All #Bitcoin shorts are liquidated.A new…