Author: NBTC
Cryptocurrency-related exchange-traded funds (ETFs) now make up almost 40% of the top 50 best-performing ETFs launched in 2024. The surge is an indicator of the growing interest in digital assets, positioning such products as key parts of the investment space. Crypto ETFs Leading the Charge According to data shared by ETF expert Nate Geraci in a November 12 post on X, 19 out of 610 funds launched this year are directly tied to Bitcoin (BTC), Ethereum (ETH), or companies like MicroStrategy that boast huge crypto holdings. This impressive count includes 12 of the top 20 products, with those crypto ETFs…
Largest decentralized GPU infrastructure network io.net has entered into a long-term strategic partnership with cloud gaming decentralized network YOM. The new collaboration is an attempt to enhance the accessibility of high-quality gaming experiences for players from various regions of the world. io.net partners with YOM, offers infrastructure for cloud gaming in Web3 According to a joint statement by two teams, io.net, a decentralized GPU innovator, inked a partnership with YOM, a DePIN cloud-based platform. The collaboration will see YOM leverage io.net’s vast network of globally distributed GPUs to enhance its state-of-the-art pixel streaming capabilities. Another great week of events around…
In a significant development for the Dogecoin community, the $248 billion class-action lawsuit against Tesla CEO Elon Musk has been dropped. The case, filed in 2022, claimed Musk of making misleading statements about Dogecoin, which allegedly led to substantial financial losses for investors. The plaintiffs cited incidences such as Musk’s appearance on Saturday Night Live in 2021, which was followed by a substantial decline in the price of Dogecoin, and his decision to replace the X logo with the doge mascot last year. In a filing on Thursday, lawyers for Musk and the Dogecoin investors told a Manhattan federal judge…
Bitcoin’s monthly candle strength suggests potential for a $71,000 target before the month-end. Key support and resistance levels reinforce Bitcoin’s upward trajectory amid growing bullish sentiment. The Golden Cross formation on the chart indicates a continuation of Bitcoin’s recent upward momentum. Bitcoin is close to heading towards $71k resists as the monthly chart supports the highs based on Ichimoku moving averages. End of October’s monthly candle it’s still looking bullish, and Bitcoin has potential of hitting a target price. At present, signals on the chart concern the breakout of the consolidation where Bitcoin has identified a strong support level to…
Wyden, a digital asset trading infrastructure provider, secured $16.4 million in Series B funding to expand its client base and strengthen its platform. Wyden to Strengthen Poland Development Hubs On Nov. 13, Wyden, the digital asset trading infrastructure provider, announced it had secured approximately $16.4 million (CHF 14.5 million) in a Series B funding round. France-based fintech investment firm Truffle Capital led the round with the participation of new investors such as Postfinance, SBI-Sygnum-Azimut Digital Asset Opportunity Fund, and Fivet Fintech. An existing investor, C3 Venture Capital, also took part. Wyden said it intends to use the investment to accelerate…
Ripple has renewed a 2022 partnership with Archax as part of the plans to attract millions of dollars to XRPL by next year. Archax has also announced its acquisition of Spanish broker King & Shaxson Capital Markets (KSCM). Ripple (XRP) has announced an extension of its earlier partnership with the UK’s regulated custodian Archax to drive hundreds of millions of dollars of tokenized Real World Assets (RWA) to the XRP Ledger (XRPL). According to the report, this would also establish the XRPL as one of the leading blockchains for RWA. In 2022, Ripple and Archax established their first partnership when…
Juan Carlos Reyes, the CNAD’s president, sat down with CoinDesk for an exclusive interview. Crypto regulators need to deeply understand the technology before offering regulatory frameworks, Reyes said. Tokenization efforts are particularly attractive as they allow the democratization of access to structured securities. When it comes to regulating crypto, El Salvador has a head-start on most other countries. It was the first nation to adopt bitcoin (BTC) as legal tender, in 2021, and has become home to a wide range of crypto companies. “Looking at the big picture, most people won’t understand what we’re doing in El Salvador, they only…
As the 2024 U.S. presidential election approaches, former President Donald Trump’s pro-crypto stance has gained attention from Bitcoin ($BTC) enthusiasts and analysts. Trump’s proposed policies, including plans to remove SEC Chair Gary Gensler and create a crypto advisory council, signal a notable shift. The #Bitcoin bull market starts when Trump wins the U.S. election! pic.twitter.com/QT3nlMPANN — Crypto Rover (@rovercrc) October 26, 2024 By revisiting regulatory hurdles, he aims to centralize crypto within national policy. Trump’s approach to crypto contrasts with previous years and could represent a catalyst for unprecedented industry growth. Crypto Rover, a prominent crypto analyst, shed his word…
57% of institutional investors in Sygnum’s 2024 survey plan to boost crypto allocations amid the bull run. 65% of respondents are bullish long-term as bitcoin hits new highs. 69% see regulatory clarity, but asset volatility remains a key concern. With the current crypto bull run, the good news just keeps rolling in, and global digital asset banking group Sygnum’s latest annual survey is no exception. The survey released on Thursday revealed that institutions are ready to put bigger bets on digital assets, with a striking 57% planning to ramp up their cryptocurrency exposure, fueled by a growing willingness to take…
The Shiba Inu (SHIB) ecosystem is seeing a positive change as Shibarium, its layer-2 scaling solution, is operating at near-full capacity again. This comeback comes after network struggles and SHIB price rebounds, showing that investors and the wider crypto community are regaining confidence. At the time of writing, SHIB was trading for $0.00001724, up 5% in 24 hours Shibarium adoption soars gradually At its peak, Shibarium saw its transaction count jump as high as 4.75 million, another seven-day high for the protocol. According to Shibarium scan data, the transaction count increased from a low of 4.21 million on Nov. 1…