Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

JPMorgan Chase, Goldman Sachs, UBS and Morgan Stanley Agree To Pay $499,000,000 Over Anti-Competitive Accusations

4 banking giants are making ready to pay almost half a billion {dollars} to settle a category motion lawsuit introduced towards them for allegedly trying to thwart competitors within the stock-lending market. JPMorgan, Goldman Sachs, UBS and Morgan Stanley have agreed to collectively pay $499 million to finish the go well with, which was filed in 2017 by US pension funds, led by the Iowa Public Workers’ Retirement System. The pension funds accuse the banks of making an attempt to nook the market with their very own system known as EquiLend, whereas hindering the event of latest platforms that might…

RegulationSep 11

Bitcoin Price Confirms Double Top, How Low Can BTC Drop?

Yesterday’s weekly close of the Bitcoin price below the $26,000 mark has raised concerns among analysts and traders. This move could potentially signal a further decline for the leading cryptocurrency, as it appears to be the first step to confirming a double top formation on the weekly chart. Rekt Capital, a prominent figure in the crypto analysis sphere, took to Twitter to share his insights, stating, “BTC has officially Weekly Closed below the ~$26,000 support. Technically, BTC has begun the first step in the process of validating this Double Top formation. Turn $26,000 into new resistance and the breakdown will…

BitcoinSep 11

Here’s Why Ethereum Price Barely Moved Following Ark’s ETF Application

The price of Ethereum seems to be back under the influence of the current market sentiment despite enjoying a relatively positive week. On Wednesday, September 6, Ark Invest filed for the first Ethereum spot exchange-traded fund (ETF) in the United States. This ETF application had a tame impact on the price of Ether, with the cryptocurrency only climbing to $1,650 the following day. Moreover, the token has almost fully reversed the minor gains from the significant development. Ethereum Price Registers 0.1% Rise Last Week – Here’s Why Ethereum currently changes hands at about $1,628, according to data from CoinGecko. A…

EthereumSep 9

Ripple Co-Founder Blasts ‘Unelected, Power-Hungry and Misplaced’ SEC Bureaucrats, Says Clear Crypto Rules Needed

Ripple co-founder Chris Larsen is weighing in on how the U.S. Securities and Change Fee (SEC) is dealing with the crypto area. In a brand new interview with Bloomberg Expertise, Larsen says the SEC’s latest authorized defeats verify the US is taking the unsuitable method to crypto regulation. Most just lately, a federal choose dominated that the SEC has to rethink Grayscale’s software to transform the Grayscale Bitcoin Belief into an exchange-traded fund (ETF). Says Larsen, “You noticed within the newest problem on the Bitcoin ETF, once more SEC misplaced. However not solely that, the choose actually admonished the SEC,…

RegulationSep 9