Author: NBTC
Asset manager Hashdex will launch The Hashdex Nasdaq Crypto Index US ETF (exchange-traded fund) on Feb. 14, Nasdaq announced. Qualified U.S. investors will have broad, balanced exposure to the crypto market through the instrument. It is the first approved of several applicants for similar ETFs. The Nasdaq Crypto Index follows nine cryptocurrencies that are weighted according to their market capitalizations. The index represents 75% of the market capitalization of all eligible assets and would add more cryptocurrencies to maintain that level, if necessary. A minimum investment of $100,000 is required. The ETF will have a limited start The ETF (ticker…
Dogecoin (DOGE) whales have massively increased their transactions within the last 24 hours, stirring curiosity in the ecosystem. According to IntoTheBlock data, over 60 billion DOGE have been transacted as whales actively engage in trading. DOGE whales on move The whales have moved 60.9 billion DOGE valued at $23.35 billion in the last 24 hours. This represents a 41% surge in the period under review. The transactions factor in inter-wallet transfers, movements between exchanges and outright sales of DOGE. Of these, 9,410 large transactions were recorded, highlighting the frenzy of DOGE whales. Generally, such high-volume transactions indicate preparation for anticipated…
The new boss at the OCC could start dialing back crypto banking policies, further addressing the industry’s complaints about rampant debanking in the U.S. The crypto industry can likely look forward to two more agencies falling into line on its digital assets policy aims: the Office of the Comptroller of the Currency, which is one of the chief U.S. banking regulators, and the Consumer Financial Protection Bureau, where the lights are effectively being shut off. The sector’s dicey relationship with U.S. banking can be expected to be further mitigated with the arrival of a new stand-in chief at the OCC,…
Bitcoin has kicked off 2025 on a strong footing, flirting with the $100,000 mark again on its 16th anniversary. Since losing the $100,000 level on December 19, 2024, the premier cryptocurrency has struggled to gather any significant bullish momentum. However, the price of BTC seems to be in the recovery phase at the moment, with an almost 5% increase in the past week. According to a prominent crypto analyst on the social media platform X, the current price setup suggests that Bitcoin is currently at a pivotal juncture. Bitcoin Price Retests 50-Day MA — What Next? Popular crypto pundit Ali…
Popular accounts on Japanese social media can’t get enough of Elon Musk’s D.O.G.E (Department of Government Efficiency) and talk about dismantling bureaucracy. Politicians in the land of the rising sun have also been praising the initiative, in spite of a glaring lack of focus on violent and wasteful war funding. Elon Musk’s recent White House speech about the problems of bloated bureaucracies has struck a chord with popular influencers on Japanese social media. “This is Japan!” Japanese nationalist X user Nihon Patriot declared in response to Musk’s statement that unelected bureaucrats should not hold power. Musk, who said on February…
This is a segment from the Empire newsletter. To read full editions, subscribe. ICYMI, Sol Strategies announced that it was investing CAD $25 million ($17.4 million) in the Solana ecosystem earlier this week. CEO Leah Wald told me ahead of the new year that Sol Strategies was focused on building up the “next level” of its business strategy. Obviously, given Sol’s focus, the firm is gonna be bullish on the ecosystem, but Wald noted how pleasantly surprised she was at the amount of developer activity and overall enthusiasm for Solana right now. She is skeptical, however, about a solana ETF…
The U.S. Treasury announced that Rodney Hood, former chairman of the National Credit Union Administration (NCUA), will serve as head of the Office of the Comptroller of the Currency (OCC), effective today. The report, reported by FOX reporter Eleanor Terrett, draws attention as Hood’s past support for cryptocurrencies raises expectations of potential regulatory changes. Hood has previously defended the role of cryptocurrencies in the financial sector, citing their importance for credit unions and broader financial services. “Cryptocurrencies need to be part of the credit union system. If you don’t have that, it will hurt your ability to compete with other…
Just recently, a new wave has emerged—a slew of bitcoiners are channeling their digital wealth into luxury timepieces, with brands like Rolex taking center stage. Rolex, Audemars Piguet, and Piaget: Bitcoin Buyers Splurge on Iconic Timepieces As bitcoin (BTC) cruises just shy of the $100,000 threshold, with the premier digital currency having eclipsed that level last month, proponents of the leading cryptocurrency are channeling their augmented affluence into opulent items. For example, on the social media platform X, an account known as The Luxury Watch Guy, a purveyor of high-end timepieces, explained that when BTC hit $100,000, there was a…
Klarna Bank, a Swedish fintech company known for its Buy Now, Pay Later service plans to embrace cryptocurrency after previously criticizing it. Klarna’s CEO Sebastian Siemiatkowski made the announcement about that the firm plans to embrace cryptocurrency. The announcement came as the fintech prepares for an initial public offering and business expansion in the US. Klarna Bank explores crypto to increase its fintech offering Klarna Bank CEO Sebastian Siemiatkowski has been vocal about his skepticism of crypto in the past, arguing that high transaction fees make it unsuitable for commerce. He has even dismissed digital currencies as a “decentralized ponzi.”…
ThorChain founder JP Thorbjornsen and the development team have decided to pause the ThorFi Savers and Lending programs for the next 12 months. The decision, announced Thursday, comes after consultations with key community members, devs and node operators, according to the project’s Discord. Thorchain is a decentralized liquidity protocol that enables cross-chain asset swaps without the need for wrapped tokens or centralized exchanges. It allows users to trade native assets like Bitcoin, Ethereum and others directly on the platform, using its native token, RUNE, to facilitate transactions and secure liquidity pools. But the protocol is undergoing a major restructuring to…