Author: NBTC

The crypto industry has so far gathered about $161 million after Coinbase became the latest company to donate $25 million to its political action committees for this election, which potentially makes it among the most formidable campaign-finance operations in the U.S. That kind of cash could have allowed the PACs to spend well over $300,000 on every seat of Congress up for grabs in November. The crypto industry has – with the addition of another $25 million from Coinbase Inc. on Monday – amassed one of the largest stockpiles of campaign cash in U.S. politics. U.S. digital assets exchange Coinbase…

BitMEX, a prominent cryptocurrency derivatives exchange, has announced an increase in the maximum leverage ratio for its Ethereum (ETH) perpetual contracts to 200x. This adjustment follows heightened trading activity and market volatility spurred by the U.S. Securities and Exchange Commission’s (SEC) preliminary approval of spot Ethereum ETFs. Contents hide 1 Strategic Timing for Leverage Increase 2 Isolated Margin Positions Only 3 Key Takeaways for Investors Strategic Timing for Leverage Increase BitMEX’s decision is strategically timed to take advantage of the current market dynamics. The exchange highlighted this period as an ideal opportunity for traders to bet on ETH price movements…

After US President Joe Biden vetoed a bill aimed at repealing the anti-cryptocurrency SAB 121, analysts at research and brokerage firm Bernstein noted that the Securities and Exchange Commission (SEC)’s approval of spot Ethereum ETFs last month He was skeptical of the idea that political influence played a role. Bernstein analysts Gautam Chhugani and Mahika Sapra addressed this issue in a note to clients today. They argued that the SEC’s decision to approve Ethereum ETFs was likely driven by pragmatic considerations rather than political pressure. “Given that the President vetoed the SAB 121 repeal bill, the politically motivated theory seems…

The NOT token launch for viral Telegram-based game Notcoin was originally planned to take place on or around April 20, coinciding with the Bitcoin halving. But last week, the team announced that it would be delayed, with a vague new launch target of “soon.” At the Token 2049 conference in Dubai last week, Decrypt’s GG spoke with Open Builders founder Sasha Plotvinov about why the token launch was pushed back, and got an updated ETA when to expect the token to go live on The Open Network (TON). And yes, it’s soon. Plotvinov said that with three weeks to go,…

Sumit Gupta, co-founder and CEO of Indian crypto exchange CoinDCX, recently spoke with crypto.news in an exclusive interview, discussing how India’s crypto tax policies have impacted the industry. The introduction of taxes for cryptocurrencies in the 2022 Union Budget was a watershed moment for the crypto economy in India. Under section 2(47A) of the Income-tax Act 1961, digital currencies were labeled as virtual digital assets (VDA). A sector that was once mired in ambiguity was injected with a sense of legitimacy and delineated towards a clear regulatory path. However, the regulatory clarity came alongside some burdens of its own. A…

In a strategic expansion of its trading options, Kraken Pro, an advanced cryptocurrency trading platform, has announced the listing of a new Dogecoin trading pair. In a new tweet, the crypto platform powered by U.S.-based crypto exchange Kraken announced the addition of a new trading pair for Dogecoin (DOGE) to the Australian Dollar (AUD): DOGE/AUD. This move signifies Kraken Pro’s commitment to diversifying its offerings and providing its users with more flexibility in their cryptocurrency trading endeavors. 📣 New trading pairs available for spot✔️ DOGE/AUDStart trading now: https://t.co/IcKKnkPD6y *Geographic restrictions apply pic.twitter.com/ZgEZtEijzE — Kraken Pro (@krakenpro) June 5, 2024 Dogecoin,…

Ethereum’s price has spiked significantly following its ETF approval. However, the market is yet to break its recent high. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price broke above the large descending channel back in May. However, it has been consolidating between the $3,600 and $4,000 levels since, failing to continue its upward trajectory. Yet, with the Relative Strength Index still showing values above 50%, the momentum is seemingly in favor of a further continuation past the $4,000 resistance level and toward a new record high. The 4-Hour Chart Meanwhile, on the 4-hour timeframe, the…

The Cardano Foundation has revealed the establishment of PRAGMA, an independent open-source association focused on progression in blockchain software projects, in collaboration with Blink Labs, dcSpark, Sundae Labs, and TxPipe. PRAGMA will adopt its statutes before April 22. This association will be an important component in the Cardano ecosystem’s future expansion. 🔊Announcing PRAGMA! 🤩We’re proud to be part of this member-based #opensource association alongside @blinklabs_io, @dcspark_io, @SundaeSwap & @txpipe_toolsPRAGMA will focus on #blockchain software & fostering an open source ecosystem for Cardano.👉https://t.co/FWZCak6eYX pic.twitter.com/vRHqqrEkkR — Cardano Foundation (@Cardano_CF) April 22, 2024 PRAGMA Drives Open-Source Development in Cardano Ecosystem United by a…

The $40 million deal is D.C.’s biggest-ever income tax fraud recovery, officials said. The district sued Saylor in 2022 for allegedly not paying income taxes while living in the district. Saylor disputes the allegations and said he settled to avoid the “burdens of litigation.” MicroStrategy (MSTR) founder and Executive Chairman Michael Saylor agreed to a $40 million settlement with the District of Columbia in what officials said was the biggest-ever income tax fraud recovery in the district, the New York Times reported. The District of Columbia sued Saylor and his company in August 2022, alleging the executive paid no income…

Key Points: Bybit registration in China suddenly reopened, overturning previous strict restrictions and potentially tapping into a vast user base. Bybit’s withdrawal of its Hong Kong license application suggests a strategic shift amid regulatory challenges. According to Wu Blockchain, Bybit, a prominent cryptocurrency exchange, has made a surprising move by opening registration and authentication for users in China. Bybit Registration in China Suddenly Opened Again Amid Internal Suspicions 2 Bybit Registration in China Surprises Exchange Internals The Bybit registration in China comes after years of strictly prohibiting Chinese users from accessing its platform, reflecting a significant shift in the company’s…