Author: NBTC

Major crypto investors, or whales, have started to accumulate Ethereum (ETH) in large numbers. This trend emerged over this past week as the ETH price managed to rebound after the crypto crash. This bullish sentiment on the market signals a sustained rebound from the leading altcoin. According to the latest data from IntoTheBlock, Ethereum has witnessed massive exchange outflows. Around $126 million worth of ETH has been withdrawn from crypto exchanges this week. This means that the Ethereum whales bought huge amounts of coins during this time. Notably, this strong accumulation trend comes ahead of the potential spot Ethereum ETF…

Ryan Selkis, founder and CEO of crypto data platform Messari, rarely if ever holds back on social media, regularly lobbing insults via X (formerly Twitter) at Gary Gensler’s Securities and Exchange Commission and others. Still, his tirades this week after an assassin’s bullet grazed Donald Trump stood out, even for Selkis. And colleagues at Messari, which has financial backing from major firms such as Mike Novogratz’s Galaxy Digital and hedge-fund titan Brevan Howard and was reportedly once valued at $300 million, apparently asked him to cool it. “Just had a terrific ‘tough love’ session with Messari leadership, and I can’t…

Santiment, the market intelligence platform offering onchain and social metrics, has identified a developing bullish sentiment across most major coins in the crypto market. With Bitcoin and Ethereum indicating signs of reclaiming their all-time highs (ATH), large-volume investors, also known as whales, are exhibiting market behaviors aligned with the spotted sentiment. 🐳 As #crypto markets have teased another breakout to start the week, our freshly released insight covers the whale and shark accumulation of #Bitcoin, #Ethereum, #XRPLedger, and #Chainlink. Track key stakeholders, and optimize your portfolio accordingly: https://t.co/8l5RuU5VM2 pic.twitter.com/6nybeSEEVj — Santiment (@santimentfeed) May 28, 2024 For context, crypto whales are…

Key Points: The UK Payment Systems Regulator (PSR) and the Financial Conduct Authority (FCA) are seeking information on the growing use of digital wallets in the UK. The regulators aim to understand the benefits and potential drawbacks of digital wallets. Responses from stakeholders will be analyzed, and an update will be provided by the first quarter of 2025. The UK Payment Systems Regulator (PSR) and the Financial Conduct Authority (FCA) have jointly called for information on digital wallets in the UK. Digital Wallets in the UK Are Currently Reviewed as Risky by Regulators 2 Read more: Revolut Joins PayPal in…

In a remarkable turn of events, Bitget has emerged as a top-ranking finance-based mobile application in the Nigerian market. According to the latest data from the Google Play app store’s top free apps chart, Bitget has secured a spot among the top 5. It surpassed its top competitors, including exchanges Binance, KuCoin, and Bybit. Bitget ascends to this ranking just as the OKX exchange exits the Nigerian market, creating a void in the highly competitive crypto trading landscape. OKX announced ceasing operations in Nigeria this week amid updated regulatory requirements from the Nigerian government. Several other exchanges that initially support…

Le Poisson Rouge (LPR), an iconic music venue in New York City, has sealed an exclusive partnership with live event ticketing platform KYD Labs to bring its ticketing system on-chain. On Tuesday, Aptos Labs announced that KYD Labs and LPR had entered an exclusive four-year deal that will see the Aptos blockchain power all of the historic NYC venue’s shows and tickets. LPR is first major U.S. venue to go all on-chain The collaboration is the first instance where a major U.S. venue has gone fully on-chain, the Aptos team posted on X. It’s a major milestone for Web3, Aptos…

Germany still holds 29,286 BTC worth $2.2 billion, according to Arkham Intelligence. The potential selling pressure equates to 9% of bitcoin’s 24-hour trading volume. Germany has been running down its coin stash since mid-June. Germany’s bitcoin (BTC) sales and Mt. Gox’s reimbursements have recently shaken up the crypto market, and the drama may not be over yet. The Eurozone’s biggest economy still holds 39,826 BTC worth $2.2 billion, according to data tracked by Arkham Intelligence. The pending coin stash, a potential selling pressure, represents nearly 9% of BTC’s 24-hour trading volume of $25.3 billion, suggesting further price turbulence. Early this…

The Enterprise Ethereum Alliance (EEA) has launched a comprehensive DeFi Risk Assessment Guidelines handbook aimed at demystifying the complexities and regulatory uncertainties surrounding decentralized finance (DeFi). Though the initiative from the EEA primarily aims to foster innovation in the DeFi space and address concerns over potentially restrictive legislation from global regulators. The newly released guidelines delve into the intricacies of DeFi operations, offering detailed insights on how to evaluate, manage, and mitigate various risks. This resource arrives at a critical time, with the EEA highlighting a significant void in consistent accounting standards and regulatory guidance, particularly evident in frameworks like…

Key Points: Grayscale Ethereum Trust to distribute Ethereum Mini Trust shares pro rata. No expected tax implications for shareholders from the distribution. Trading on NYSE to commence on July 23, 2024. Grayscale Ethereum Trust announced a pro rata distribution of Ethereum Mini Trust shares with no expected tax impact, trading on NYSE starts July 23, 2024. Grayscale Ethereum Trust Expected NYSE Arca Listing on July 23 Grayscale Investments, LLC, the Sponsor of Grayscale Ethereum Trust (ETH), announced an explanatory memorandum on the tax treatment of its pro rata distribution on the shares of the ETHE Trust. Grayscale Ethereum Trust Announces…

Argentina and Brazil are part of the top ten countries with the most crypto ownership, according to a recent report issued by Triple-A, a provider of digital currency white-label payment solutions. Argentina took the fourth place in the list, with 18.9% of its population holding cryptocurrency, while Brazil appears in sixth place with 17.5%. Argentina and Brazil Among the Countries With Most Crypto Ownership Latin America, with its specific traits and necessities, has grown to become a crypto hotbed. Triple-A, a provider of digital asset-based white-label payment solutions, has released a report positioning Argentina and Brazil as part of the…