Author: NBTC
BlackRock introduces the first Bitcoin ETF, iShares Bitcoin Trust, now trading on the Santiago Stock Exchange. The ETF is managed by BCI Securities Brokerage, offering institutional access to cryptocurrency investments in Chile. BlackRock has introduced the first Bitcoin ETF in Chile, named iShares Bitcoin Trust (IBIT), which commenced trading on the Santiago Stock Exchange on June 27. This financial instrument provides Chilean investors with institutional access to Bitcoin investments. BlackRock’s iShares Bitcoin Trust (IBIT) is listed on the Santiago Stock Exchange. Source: bci.cl The operation of the ETF is managed by BCI Securities Brokerage, facilitating institutional access to cryptocurrencies. With…
The surge in the total value locked and adoption of liquid restaking tokens increased from approximately $164.3 million in January to $13.812 billion by June 20, underscoring the growing trust in them. As was the case in January, Ether.fi remains dominant in the LRT market, accounting for approximately 50% of the total value locked, or $6.52 billion. LRTs are considered a better option for those seeking diversified and potentially more lucrative staking opportunities with a simplified user experience. Liquid Restaking Token Protocols May Potentially Offer Higher Returns According to a Node Capital report liquid restaking token (LRT) protocols have seen…
Ethereum’s price is currently trapped inside a significant tight range, bounded by the 100-day moving average of $3364 and the 200-day moving average of $3212. A breakout from this range will determine its upcoming trajectory. By Shayan The Daily Chart A close examination of Ethereum’s daily chart reveals that following a rejection near the crucial $3.5K resistance region, the price has plummeted to a substantial support zone. This critical support includes the 200-day moving average of $3212, serving as a robust defense line for Ethereum buyers. Nevertheless, the price is confined within a crucial tight range bounded by the 100-day…
The former kickboxing star and social media influencer, Andrew Tate, has been increasingly making a foray into the crypto markets in recent months. The cryptocurrency offensive has been happening in various tones and covering various aspects of the industry. On the one hand, Tate has seemingly declared war on one of the biggest ecosystems – Solana (SOL) – and pledged to crash it. On the other hand, he has been positive and even – at least rhetorically – maximalist in other areas, such as with his claim that he is abandoning traditional fiat currencies in favor of Bitcoin (BTC). Meanwhile…
Former president Donald Trump’s alleged plan to make bitcoin a strategic reserve asset doesn’t align with crypto’s values, the editorial board of the Wall Street Journal wrote. Trump said at the Bitcoin Conference in Nashville last week that bitcoin stands for freedom and independence from the government, among other things, but that view doesn’t align with how he would use bitcoin if he gets elected in November, the WSJ wrote. The former president and current Republican nominee for this year’s presidential election caused chatter in the crypto industry earlier this month after several reports said he would announce those plans…
Global crypto trading volume in 2024 is estimated to exceed $108 trillion, nearly 90% higher than in 2022, according to a Coinwire report. The US holds the top spot for the highest estimated crypto trading volume in 2024, surpassing $2 trillion. Crypto trading volume has increased by 42% since 2023, with the market expanding by 89% over the past three years. This growth reflects the increasing acceptance and adoption of digital assets worldwide, the report highlighted. Europe leads in crypto trading, accounting for 37.32% of global transaction value, with Russia and the United Kingdom amounting to the largest volumes in…
Blockchain.com has formed a new partnership with Bakkt Crypto Solutions to be available with its crypto wallet in-app, for all residents of the 50 States of the United States. Blockchain.com and Bakkt: now the crypto-wallet app is available for all 50 States of the USA Blockchain.com: the crypto-wallet now covers all 50 States of the USA thanks to Bakkt The partnership with Unstoppable Domains Blockchain.com and Bakkt: now the crypto-wallet app is available for all 50 States of the USA Blockchain.com, leading platform in crypto finance, has formed a new partnership with Bakkt Crypto Solutions, trusted provider of crypto services.…
Ethereum has achieved a significant milestone, with over 28% of its total supply now staked, as observed by crypto researcher Leon Waidmann. In an update on X, Waidmann highlighted that ETH staking is at an unprecedented level, with only 10% of Ethereum currently held on crypto exchanges. This record confirms the growing confidence in Ethereum’s future and the community’s dedication to securing the network through staking. Decline in Exchange Holdings The drastic reduction in Ethereum held on exchanges, as seen in the chart below, has drawn attention. The percentage has fallen to approximately 10%, marking a significant decrease from previous…
Shiba Inu (SHIB) experienced a 7.85% price drop, but burn rate surged 4,822%, as the community incinerated 44,302,985 SHIB in 24 hours. India’s largest crypto exchange, WazirX, recently fell victim to a massive hack, resulting in the theft of over 5 trillion Shiba Inu (SHIB) and other digital assets. Amid the incident, Shiba Inu has experienced a 7.85% price decline in the last 24 hours. However, despite this turmoil, a significant increase in the SHIB burn rate has emerged. Substantial Increase in Burn Rate Shiba Inu burn rate surged by 4,822% in the last 24 hours. A total of 44,302,985…
After former President Donald Trump alluded to creating some sort of bitcoin reserve in the United States, Republican Senator and long-time crypto advocate Cynthia Lummis came through with the receipts. Over the weekend, Trump addressed a crowd of roughly 10,000 for an hour at the Bitcoin 2024 conference in Nashville. Among his promises to the industry were vows to fire Securities and Exchange Commission Chair Gary Gensler “on day one,”— which legal experts say he may not be able to do — and commute the sentence of Silk Road founder Ross Ulbricht, who has been incarcerated since his conviction in…