Author: NBTC
The Depository Trust & Clearing Corporation (DTCC), which handles the settlement of most securities transactions in the United States, has announced changes to collateral valuation that will be implemented starting April 30, 2024. DTCC has made it clear that it will not provide collateral or extend loans for exchange-traded funds (ETFs) that involve Bitcoin or other cryptocurrencies. DTCC will not allocate any collateral for BTC ETFs The introduction of spot Bitcoin ETFs has sparked increased attention from institutional investors in this investment product. In just three months since their launch, the U.S. Bitcoin ETFs have accumulated an impressive $12.5 billion…
Key takeaways: Our investing strategy involves long-term holding of quality crypto assets. (Read more about our investing approach and results.) We can earn additional income by using staking products – like investing in interest-bearing accounts. (Read more on How to Stake.) One of the most user-friendly staking products is Coinbase Earn, which allows users to stake multiple tokens in just a few clicks. (Here’s how to set it up.) Coinbase staking rewards can fluctuate based on the demand for staking on the underlying protocol. In this piece, we list the best staking rates for Coinbase Earn, so you can see…
While there are tremendous increases in Bitcoin (BTC) and altcoins during bull rallies, mem tokens are undoubtedly the area of most interest to investors. At this point, while meme tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB) have made a name for themselves with their performances in bull rallies, it seems that they will also be the center of attention in the 2024-2025 bull. Because Messari Research Vice President Maartje Bus said that mem tokens have the opportunity to introduce crypto to a wider audience. Speaking at the BUIDL Asia conference in Seoul, Bus noted that meme tokens could…
Authorities in Spain have arrested cryptocurrency entrepreneur Roger Ver, once known as “Bitcoin Jesus,” after the U.S. Department of Justice charged him with tax evasion. Unsealed Monday, the indictment alleges that Ver evaded paying taxes to the tune of nearly $50 million, conducted mail fraud, and filed false tax returns. The DOJ says in its indictment that Ver allegedly lied to the Internal Revenue Service (IRS) about how much Bitcoin he and his companies really owned. According to the feds, Ver was expected to file tax returns that reported capital gains from the sale of his “worldwide assets.” These assets…
Layer-1 blockchain Nibiru Chain today announced its strategic expansion into the Asia market by appointing Yura Nam and Nicholas Lo to spearhead growth and business development in the region. Nam is the former Head of StarkNet Asia, while Lo is filled the role of APAC Growth Manager at Yuga Labs. “We’re excited to welcome Yura and Nicholas to the team, bringing their vast expertise and in-depth knowledge of the Asian Web3 ecosystem and markets to strengthen Nibiru’s position in the region even further,” stated Jonathan Chang, COO of Nibiru Chain. “Nicholas and Yura’s combined experience will support Nibiru in incorporating…
Renowned trader Peter Brandt recently published an insightful analysis titled “Does history make a case that Bitcoin has topped?” In his new essay, the veteran trader delves into the concept of exponential decay, suggesting that Bitcoin’s bull market cycles have gradually lost momentum over time. Brandt highlights four significant bull cycles in the history of Bitcoin, with the current surge marking the fifth. He notes a concerning trend: Each successive cycle has seen a diminishing exponential advance, indicating a loss of about 80% of the momentum from previous cycles. Applying this trend to the current cycle, the expert projects a…
Japan continues its exploration of a “digital yen” central bank digital currency (CBDC) and what form it should take. A regular update published this month by the Bank of Japan (BoJ) Payment Services Department looks at what additional functions a digital national currency could (or should) have. Its findings come from consultations with potential users in the business world and concern what form it should take, how it might interoperate with existing payment systems, and privacy/scalability issues. The process overall is called a “pilot project,” which recently has involved the BoJ and over 60 stakeholders from the business and financial…
The Venom token, the native cryptocurrency of the Venom Foundation‘s decentralized network, has experienced a 30% surge in its price over the past 24 hours. As of the latest reports, the token is trading at $0.7311, with a trading volume of $60.3 million. VENOM 24-hour price chart | Source: CoinMarketCap The recent uplift in VENOM’s market value is linked directly to the launch of its mainnet on March 28, alongside a VENOM token airdrop event. Venom operates as a Layer-1 blockchain originating from the Abu Dhabi Global Market (ADGM), distinguished by its Layer-0 asynchronous blockchain technology. This includes a unique…
Bitwise CIO Matt Hougan said that the U.S. adopting comprehensive stablecoin legislature could signal the long-awaited “mainstreaming of crypto.” In a note addressed to clients, Hougan theorized that stablecoin regulations may have an even bigger impact than the largely successful spot Bitcoin (BTC) ETFs. “The launch of bitcoin ETFs in the U.S. epitomizes this transition, but it’s not the only road marker. Others include BlackRock launching a tokenized Treasury fund on the Ethereum blockchain, Europe passing comprehensive crypto legislation, Ray Dalio calling on investors to own “non-debt money” like bitcoin, and more.” Matt Hougan, Bitwise CIO Stars align for stablecoins…
Financial technology has been an incredible growth sector for investors and innovators. But relatively soon, blockchain will become the only part of fintech that matters. The success story of fintech over the past 15 years has been defined by tremendous developments on the part of electronic and online payments systems, with companies like PayPal, Venmo and Stripe becoming household brands. (Not to mention the evolution of monoliths like American Express, Visa and Mastercard.) Only three years ago, venture funding for fintech companies topped $140 billion. But since then, investment in the sector, particularly in early-stage rounds, has dwindled to levels…