Author: NBTC
Ethereum ETF issuers have started filing their final S-1 registration statements. SEC Commissioner Hester Peirce believes the regulator could reconsider allowing staking in Ethereum ETFs. Ethereum whales could help ETH reach predicted all-time high of $5,627. Ethereum (ETH) is down 1% on Wednesday as issuers began filing their final spot ETH ETF S-1 drafts with the Securities & Exchange Commission (SEC) in anticipation of a launch on July 23. Meanwhile, SEC commissioner Hester Peirce also said the regulator may reconsider its position on ETH staking within the ETFs. Daily digest market movers: Issuers file final S-1s, ETH ETF staking still…
The CEO of trading giant Robinhood reportedly believes that tokenization is the future of financial services. In a new Fortune report, Robinhood head Vlad Tenev says that the “next transition” for financial services is tokenization. “You don’t have to squint too hard to imagine a world where stocks are on blockchains.” According to Fortune, several big name financial giants are already exploring tokenization, when assets like dollars and stocks are issued on blockchains, including BlackRock and Goldman Sachs. Tenev believes tokenization has the potential to cut out costly intermediaries for financial actions like trade settlements. Tenev also talks about Robinhood’s…
Pyth Network, a financial data oracle network, has announced the launch of Pyth Price Feeds and Entropy on Sei V2, as per the information shared with Finbold on May 27. This advancement allows developers on Sei V2, the first parallelized Ethereum Virtual Machine (EVM) designed to offer developers enhanced flexibility and scalability, to access over 500 real-time price feeds for digital and other major asset classes, as well as a secure and reliable source of on-chain random number generation. Real-time Pyth data on Sei V2 The Pyth Network’s pull oracle for price feeds provides Sei users with permissionless access to…
On July 3, 2024, Guy Turner, the host of Coin Bureau, released a captivating video exploring the intriguing possibility that central banks might start buying Bitcoin (BTC). Guy Turner delves into the potential impacts this could have on the market and your crypto portfolio. Turner begins by referencing El Salvador’s 2021 decision to start accumulating BTC, sparking speculation about which government might be next. Turner suggests that central banks worldwide could soon follow suit and might already be secretly doing so. He emphasizes the importance of understanding the relationship between cryptocurrency and central banks to grasp the potential future developments.…
During the past year, our newsdesk has explored using generative artificial intelligence (AI) chatbots to predict bitcoin prices and further extended this approach to forecasting the price of an ounce of fine gold. As part of this experiment, this week we used ethereum (ETH), the second largest cryptocurrency by market capitalization, to query several AI chatbots about ETH’s price prediction for Dec. 31, 2024. AI Chatbots Estimate Ethereum’s Year-End Price Ahead of ETF Listings Last week, Bitcoin.com News leveraged nine AI chatbots to forecast the price of bitcoin (BTC), with predictions ranging from $50,000 to $100,000 per coin by the…
Colombia’s Central Bank, Banco de la República de Colombia (BRC), has released a comprehensive report outlining its cautious stance on issuing a central bank digital currency (CBDC). The report, titled “Relevance and Risks of Issuing a Central Bank Digital Currency in Colombia,” underscores the bank’s concerns over potential financial risks and policy challenges associated with CBDC adoption in the current crypto landscape. According to the report, the BRC cited uncertainties surrounding the adoption of retail CBDCs, which could potentially threaten financial stability and disrupt monetary policy transmission channels. Conversely, low adoption rates might hinder the achievement of policy objectives, posing…
Ethena Labs pledged to publish monthly reports detailing custody and reserve information to improve transparency around its USDe stablecoin. Synthetic dollar issuer Ethena Labs released three custodian attestations for assets backing its $2.67 billion-strong USDe token hedged by crypto-denominated currencies including Bitcoin (BTC) and Ether (ETH). According to the defi startup, Ethena’s stablecoin holds $1.31 billion and $1.33 billion of its stablecoin reserves with Swiss firm Copper Markets AG and CH Europe Digital Solution (CEFFU) respectively. Cobo Global HK Limited manages the remainder of USDe’s assets worth $5.52 million. Ethena Labs also boasts a $42.3 reserve fund for emergency purposes.…
The historical data signifies that the chief crypto token Bitcoin offers a surprising outlook in terms of price movement. A popular crypto market analyst TXMC has recently discussed the current status of Bitcoin and its potential move shortly. The analyst took to the social media platform X to provide the details about Bitcoin’s recent price recovery. BTC reached its prior high before the halving and only 17 months after its FTX low. Extremely fast by its standards for a move that strong.But also if you think about it, 2022 was the first Bitcoin bear that NEVER had even a 50%…
The amount of Ethereum that’s currently staked within the network is near an all-time high as rewards for locking up ETH are on the rise—and just days before spot Ethereum ETFs are expected to begin trading in the United States. More than 33.2 million Ethereum tokens (worth roughly $114 billion) were staked as of publication time, representing about 28% of the total ETH supply, Coinbase’s data shows. The growth in the total value of staked ETH coincides with a nearly 5% increase in the estimated reward rate for staking ETH over the past month. Staking Ethereum is the process by…
MOSCOW, July 17 (Reuters) – Russia should accelerate the creation of infrastructure for payments in cryptocurrencies but carefully weigh the associated risks, its money laundering watchdog said on Wednesday, ahead of a parliamentary vote on digital assets legislation. Russia has faced significant delays in international transactions with major trading partners such as China, India, the United Arab Emirates and Turkey, after local banks, under pressure from Western regulators, have become more cautious. The new legislation, expected to be reviewed by parliament on July 23, will allow the use of cryptocurrency transactions in international payments to maintain trade flows. “This is…