Author: NBTC

The upcoming launch of the Ethereum (ETH) Spot ETF on July 1, 2024, has created a buzz in the crypto markets. This ETF is expected to bring the second-largest cryptocurrency by market capitalization into mainstream brokerage accounts and attract institutional investors. What is the Ethereum (ETH) ETF? An exchange-traded fund (ETF) is an investment vehicle traded on stock exchanges that holds assets such as stocks, commodities, or bonds. The ETH Spot ETF is distinct because it is directly backed by Ethereum, meaning it holds actual ETH in its reserves. This setup allows investors to gain exposure to Ethereum’s price movements…

Stablecoin issuers are the world’s 18th biggest holders of U.S. debt. Of the many crypto bills in the U.S. political corridors, stablecoin legislation has been the closest to moving past the U.S. Congress to become law. Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington’s debt management grow. ‘According to data tracked by Tagus Capital, issuers now cumulatively hold more than $120 billion in U.S. Treasury notes. That makes them the world’s 18th largest holders of U.S. debt, ahead of major current account surplus nations like Germany and South…

BONE, one of the tokens within the Shiba Inu ecosystem, has achieved a significant boost via Atomic Wallet, potentially impacting its adoption. In particular, Atomic Wallet, a non-custodial decentralized crypto wallet trusted by over five million users, recently added native support for Shiba Inu’s BONE. The Atomic Wallet team confirmed this development via an update on their official X account on Monday, June 10. The team highlighted that with the integration of BONE, users now have access to the token that functions as the transactional fuel for Shiba Inu’s Shibarium blockchain. Shibarium is a layer-two network engineered to enhance scalability,…

Laser Digital, a digital asset arm of global financial services group Nomura, has received a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). The approval marks the completion of Laser Digital’s licensing process with ADGM. The FSP allows Laser Digital to provide broker-dealer and asset management services for both virtual assets and traditional assets within ADGM, Abu Dhabi’s international financial center and free zone. The company’s UAE entity is led by CEO Jez Mohideen, with Ramin Shayesteh serving as Head of Distribution. “We are eager to contribute responsibly to the virtual…

Binance, one of the world’s leading digital asset exchanges, has announced the delisting of AI crypto spot trading pairs specifically for AI tokens Ocean Protocol (OCEAN) and SingularityNET (AGIX). According to an official announcement, Binance will delist and cease trading on all spot trading pairs for OCEAN and AGIX on July 1, 2024, at 3:00 a.m. (UTC). Deposits and withdrawals of Ocean Protocol (OCEAN) and SingularityNET (AGIX) will be suspended on July 1, 2024, at 3:30 a.m. (UTC). Binance will also be terminating Trading Bot services for the aforementioned spot trading pairs on the said date. Binance announced that it…

Key Points: Tether and Taipei Tech partner to enhance blockchain and digital asset education. This initiative aims to equip students with cutting-edge blockchain knowledge and skills. Tether’s support brings real-world applications and industry insights to the academic curriculum. Tether is partnering with Taiwan’s Taipei University of Technology to further blockchain and digital asset education. The cooperation will equip learners with a deep understanding of blockchain technology, digital assets such as Bitcoin and stablecoin, and pragmatic skills important in the present digital economy. Tether’s collaboration with NTUT is a further step toward infusing cutting-edge digital asset education technologies into the academic…

Fourteen years ago, 10,000 bitcoins (BTC) could get you only two pizza boxes; however, the story is entirely different today. In commemoration of the Bitcoin Pizza Day celebrated on May 22, cryptocurrency exchange Kraken shared a video outlining what 10,000 BTC would get you today, ranging from hundreds of private flights on a spaceship to Leonardo DaVinci’s most expensive painting. The Value of 10K BTC Today Recall that Bitcoin Pizza Day is a reminder of a legendary moment when Floridian programmer and early BTC adopter Laszlo Hanyecz purchased two Papa John’s pizzas for 10,000 BTC in 2010. The cryptocurrency was…

An agreement with Tres allows Fireblocks customers to generate audit-ready reports in one click for a wide range of digital asset networks. The complexity of crypto and on-chain assets is abstracted away, leaving a Web2-like context easily integrated with existing accounting software. Cryptocurrency custody firm Fireblocks will offer clients the ability to generate audit-ready reports in one click in a deal with Tres, a startup that helps organizations handle accounting, auditing and tax reporting for digital assets as it anticipates growing interest in areas like tokenization of real-world assets. The reports can be integrated with accounting software such as QuickBooks,…

Perplexity, a research AI resource, recently spotlighted Google’s initial investment in Ripple in the company’s formative stage. The disclosure originated from an inquiry by Ashley Prosper, a member of the XRP community who recently turned to Perplexity to inquire about potential partnerships between Ripple and major American technology and financial giants like Amazon and Google. Amazon and Ripple Notably, Prosper initially queried Perplexity on any partnership between Ripple and Amazon shortly after reports confirmed that Jeff Bezos, American entrepreneur and CEO of Amazon, had invested in the AI research platform through his investment firm Bezos Expeditions. Perplexity asserted that there…

A new day on the crypto market brought a new regulatory development, as Ethereum emerged victorious when the SEC closed its investigation into the cryptocurrency. This decision by the regulator means that it will not pursue charges alleging ETH sales as securities transactions, a decision that echoes recent ETF approvals premised on the main altcoin as a commodity. The closure of the investigation, confirmed by Consensys, the company that developed MetaMask, marks a significant victory for developers and contributors. Ethereum 2.0, an upgrade aimed at improving scalability and sustainability through proof-of-stake mechanisms, was at the center of this regulatory scrutiny.…