Author: NBTC
BitMEX, one of the largest digital asset exchanges, has rolled out a meme coin basket index. The new product will make it possible to gain exposure to the top 10 most prominent meme cryptocurrencies by market capitalization, including Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and dogwifhat (WIF). It has been advertized by BitMEX as “S&P500 for crypto meme coins.” The new contract is margined in the flagship Tether (USDT) stablecoin, offering up to 25X leverage. The index was designed based on the market share of the leading meme coin. DOGE, SHIB, and PEPE collectively account for 60% of the…
The United Nations Development Programme (UNDP) is pleased to announce a new partnership with the DFINITY Foundation, which will leverage the Internet Computer Blockchain technology to further develop and implement the Universal Trusted Credentials (UTC) initiative. This collaboration underscores a significant step towards enhancing digital trust and financial inclusion for Micro, Small, and Medium Enterprises (MSMEs) globally. This framework – the Universal Trusted Credentials (UTC) launched in collaboration with the Monetary Authority of Singapore (MAS) and other strategic partners,– when implemented in several countries, will not only enhance domestic access to financing for MSMEs but also unlock access to trade…
More big names have revealed allocations into the spot bitcoin exchange-traded funds. Wednesday marked the deadline for institutional investors to file their quarterly 13F report with the U.S. Securities and Exchange Commission, revealing positions held as of March 31, 2024. After Tuesday’s surprising disclosure of a $161 million allocation from the State of WIsconsin, more investment whales turned out to have been part of the unprecedented success of the ETFs. Hedge fund Millennium Management, with more than $64 billion in assets under management, held roughly $2 billion across a number of the spot bitcoin ETFs, according to its filing. The…
Ripple CEO Brad Garlinghosue, who has made critical comments about Dogecoin before, made new statements about DOGE. Speaking at the Consensus 2024 conference, Garlinghouse said that Dogecoin, the largest memecoin, has no practical use and does not help the cryptocurrency industry. Despite its significant market cap of $23.22 billion, Garlinghouse stated that DOGE has no real value but only encourages and thrives on speculation in the crypto sector. Stating that there is no regulatory clarity for crypto in the USA at this point, Ripple CEO said that the way forward for crypto should focus on solving real problems: “We have…
Dan Gallagher is the proposed next Chair of the US Securities and Exchange Commission (SEC) in a prospective Donald Trump administration. The former agency commission welcomed his selection. The shared sentiment is that with a Republican in office, crypto would enjoy a more favorable regulatory environment, with key commission members calling it out for problematic laws. Crypto Investors Want Dan Gallagher for SEC Chair Gallagher served as SEC commissioner during the tenure of former US President Barack Obama. Welcoming his selection, Gallagher said he would promote access to the markets while ensuring the US remains at the forefront of financial…
UK-based fintech company Gold-i and crypto liquidity provider Cypator have announced a new partnership aimed at improving cryptocurrency liquidity access for retail brokers. The collaboration integrates Cypator’s crypto liquidity pools with Gold-i’s MatrixNET liquidity management platform. This integration is designed to provide retail brokers using Gold-i’s MatrixNET with access to Cypator’s cryptocurrency liquidity and execution services. The partnership aims to address challenges in the crypto trading market, such as liquidity depth and execution speed for retail clients. According to the companies, the integration will allow brokers to offer their clients access to a wider range of cryptocurrencies. It may also…
Blockchain startup Obol Labs has formed a new industry group that aims to advance the growing field of distributed validator technology – at the heart of the latest push by developers to eradicate single points of failures within decentralized networks like Ethereum. The Obol Collective includes a consortium of Ethereum ecosystem players “dedicated to the security, resiliency and decentralization of Ethereum consensus,” according to a blog post Wednesday from Obol Labs. The company is the primary developer behind Obol Network, seen as one of the leading distributed validator projects. Obol Labs says the collective includes more than 50 staking protocols,…
The Bitcoin rise above $69,000 before the fourth halving to reach a new all-time high of $73,000 in 2024 took many by surprise. However, crypto analyst BitQuant was not one of those people. In 2023, the analyst had correctly predicted that the BTC price would reach a new all-time high before the halving was completed. After the successful completion of his prediction, the crypto analyst has once again predicted where the Bitcoin price is headed, and how high it will go. Crypto Analyst Says Bitcoin Price Will Reach $95,000 BitQuant has unveiled his latest prediction for the Bitcoin price, and…
The leading cryptocurrency is on the rise again, as Bitcoin hit its highest price in two weeks and nearing the highest point seen since April’s quadrennial halving event. It comes as Bitcoin-based fungible tokens like ORDI and DOG are surging in price, reflecting growing interest in BTC meme coins. Bitcoin rose above the $71,000 mark on Tuesday, according to Coinbase, popping as high as $71,042. At a current price of $70,885, per CoinGecko, it’s up more than 2% on the day, pushing its 30-day rise to 10%. But some of the biggest fungible tokens minted on the Bitcoin blockchain via…
Key Points: The Danish Financial Supervisory Authority (DFSA) clarified it has no plans for the Danish self-custodial wallet ban. DFSA’s regulatory focus is on custodial services where crypto assets are managed on behalf of clients, in line with the MiCA regulation. Non-custodial wallets, which do not involve custody of private keys by providers, are exempt from MiCA regulations and remain unaffected. The Danish Financial Supervisory Authority (DFSA) has clarified its stance on cryptocurrency regulations following recent speculation. Contrary to rumors circulating on social media, DFSA has no plans for a Danish self-custodial wallet ban. DFSA Clarifies No Danish Self-custodial Wallet…