Author: NBTC
Australia’s pension market may boost Bitcoin ETF inflows. The Australian Securities Exchange (ASX), Australia’s primary securities exchange, is expected to list the first spot Bitcoin exchange-traded funds (ETFs) on its main board by the end of 2024, Bloomberg reported today, citing anonymous sources close to the matter. As a key player in Australia’s capital markets, ASX handles about 80% of equity trading, said Bloomberg. Issuers like VanEck and BetaShares are lining up for listings on the exchange. Justin Arzadon, head of digital assets at BetaShares, told Bloomberg that the US massive inflows “prove digital assets are here to stay.” He…
Motoko Sentinels, a new ordinal collection that launched on the Bioniq Marketplace, saw its trading volume increase following the Bitcoin halving, despite the high trading volumes immediately following the event. Although total ordinal volume had decreased by over 58% the day following the Bitcoin halving due to high network fees, the Motoko Sentinel collection saw its trading volume increase by 20%. Kyle Langham, the director of data and analytics at DFINITY, told Blockworks that this is because the Bioniq marketplace operates on the Internet Computer Protocol (ICP). This network, which is natively integrated with Bitcoin, can maintain lower transaction costs…
Bitcoin analyst Willy Woo has presented a model that forecasts the cryptocurrency industry reaching its first billion users by the end of 2025. On track for 1 BILLION crypto users by the end of 2025.An extrapolation of many independent prior studies in this chart.Binance estimates 65% of crypto users hold #Bitcoin pic.twitter.com/MBNc34PFuh — Willy Woo (@woonomic) April 29, 2024 This prediction, detailed in a chart by Woo, represents a significant milestone in mainstream crypto adoption, indicating a potential major influx of capital and subsequent price appreciation for digital assets. Current user trends and growth potential The industry has witnessed a…
Ripple CTO David Schwartz has stepped forward to address a critical discourse surrounding XRP Ledger. In response to tweets, Schwartz makes the case that XRP Ledger not only meets but exceeds the foundational criteria of blockchain technology. The debate over what constitutes a “true” blockchain has been a contentious one, with purists and innovators often at odds. In this regard, XRP’s classification as a blockchain remains a subject of discussion, with critics pointing to various aspects of XRP Ledger, including its unique consensus mechanism, as reasons to doubt its status as a decentralized blockchain. XRP Ledger utilizes a unique consensus…
Bitcoin price struggled to settle above the $65,000 zone. BTC is again moving lower and there is a risk of more downsides below $62,000. Bitcoin started another decline after it failed to surpass the $64,000 resistance zone. The price is trading below $64,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $63,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate lower if there is a daily close below the $62,400 support zone. Bitcoin Price Dives Again Bitcoin price attempted a fresh increase…
Dolomite, a leading decentralized finance (DeFi) lending and borrowing protocol, announced it would debut on X Layer, OKX’ innovative and secure Ethereum-based Zero Knowledge (ZK) Layer 2 (L2) network, according to the information shared with Finbold on April 29. Most notably, the move will introduce new robust asset lending capabilities to users of the Polygon-powered X Layer. New yield-generating assets on Dolomite Following its success on Arbitrum, where it quickly climbed to become the 4th largest lending market and the market with the most supported assets, Dolomite aims to continue its streak on X Layer. The expansion will enable Dolomite…
April 29 (Reuters) – Venezuela’s use of digital currencies, expected to increase after the United States ordered a wind-down of oil deals with the sanctioned country by May 31, will require greater scrutiny by regulators and law enforcement, experts said on Monday. Venezuela’s state oil company PDVSA plans to increase cryptocurrency transactions for its crude and fuel exports as the U.S. reimposes oil sanctions on the country, sources told Reuters earlier this month. It is unclear if payments in digital currency Tether by PDVSA will be targeted by Washington from June 1. Venezuelan opposition politician Leopoldo Lopez and expert Kristofer…
The Cardano blockchain, one of the biggest cryptocurrencies by market capitalization, faces a new challenge as staking rewards drop below 3%. According to the Staking Rewards site, the current reward rate for ADA staking is 2.97%. In response to recent concerns, Cardano’s founder, Charles Hoskinson, has highlighted a series of critical actions to ensure the long-term sustainability of the Cardano blockchain. It’s axiomatic. Of course, all cryptocurrencies need more transactions. That’s the purpose of a blockchain. The most vital things we can do are get decentralization governance running, the treasury operational, and partnerchains running — Charles Hoskinson (@IOHK_Charles) March 31,…
A technical analyst has highlighted that bitcoin is approaching “the point where historically the most aggressive part of the bull cycle begins,” forecasting a potential rise to $300,000 for the cryptocurrency. “Unrealistic or not, that gives us a $300,000 projection and is undeniably technical as those are the exact high-to-low measurements at the time it touched the MM [Mayer Multiple] Mean,” the analyst described. Bitcoin Nears the Start of Historically Aggressive Bull Cycle Phase Tradingshot, a Tradingview contributor with over 72K followers, has shared insights into where the price of bitcoin is headed. In a post titled “Bitcoin: This Marks…
Jellyverse, a platform known for its advanced decentralized financial services, announced today in Vaduz, Liechtenstein, that it will join the Sei Network as the official fork of Balancer. As Sei Network gears up for its mainnet launch, Jellyverse is set to be among the first decentralized exchanges (DEXes) in the Sei ecosystem, providing users with a comprehensive DeFi platform from day one. Innovative features and collaboration with Balancer The native DEX of Jellyverse, JellySwap, will offer users a feature set identical to Balancer at the mainnet launch. Utilizing Balancer’s architecture, JellySwap will support various pool designs, including weighted pools with…