Author: NBTC

The SEC has received a proposal to list and trade the Franklin Templeton Bitcoin & Ethereum Crypto Index ETF. The new ETF, managed by Franklin Templeton, aims to offer investors exposure to both Bitcoin and Ethereum, combining these two major crypto assets in one index fund. This ETF would allow investors to gain exposure to both Bitcoin and Ethereum without directly holding these volatile assets. The trust’s assets will consist of Bitcoin, Ethereum, cash, and short-term instruments with a maturity of fewer than three months. The fund will be monitored by the BNY Mellon, which serves as both the custodian…

Over the past 12 days, the stablecoin economy has maintained a similar value, yet the supply of dollar-pegged crypto assets PYUSD and USDE has experienced notable shifts. Over the last 22 days, Paypal’s PYUSD supply increased by more than 70%, while Ethena’s USDE saw an 8.82% decrease within the past 13 days. Ethena’s USDE Drops Amid Market Volatility; PYUSD Supply Continues Upward On July 25, 2024, Bitcoin.com News reported that the stablecoin economy was valued at $164.68 billion, and today, that figure remains unchanged. However, Ethena’s USDE, the fourth-largest stablecoin, has recently experienced a decline. According to Coingecko.com, the supply…

3thix, the firm leveraging Wweb3 technology to create an ethical ecosystem for in-game transactions, entered into a strategic partnership today with the blockchain platform designed for solving real world problems, Avalanche, to develop a decentralized ad-tech layer for the internet’s gaming economy. Working to produce better-targeted consumer behavioral data without sacrificing personal information or privacy, 3thix recently secured an $8.5M investment from video game commerce company, Xsolla, to bolster innovation. As a result of Apple’s limitations on IDFA (Identifier for Advertisers), a mechanism providing advertisers data in aggregate without individually identifiable user traits, 3thix is leveraging distributed blockchain technologies to…

A large cryptocurrency whale has deposited 750 Bitcoin (BTC), worth approximately $47.9 million, into Binance, one of the world’s largest cryptocurrency exchanges. This deposit, made about 30 minutes ago, is widely interpreted as a profit-taking move, as whales often offload large amounts of BTC on exchanges when preparing to sell. The timing of this move suggests that the whale is capitalizing on current market conditions, possibly eyeing short-term price fluctuations. This smart whale deposited 750 $BTC ($47.9M) to Binance for profit ~30 minutes ago.Note that the whale’s recent moves were accumulating 1,115 $BTC ($65.1M) from #Binance in early September at…

A subcommittee of the Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee voted to approve guidelines for using tokenized shares of money-market funds as collateral for traditional financial operations. As reported by Bloomberg on Oct. 2 citing an anonymous source, the recommendations aim to integrate blockchain technology in managing non-cash collateral consistent with margin requirements set by US regulators and derivatives clearing organizations. If approved by the full committee later this year, the recommendations could significantly increase the adoption of tokenized collateral on financial markets. Moreover, it would improve the capital efficiency of companies looking to use tokenized collateral.…

VeChain’s core developers peaked in July 2024, marking the highest developer activity ever recorded for the project. VeChain’s SDK and dApp kit have driven significant developer engagement, with thousands of weekly downloads. Recent tools and updates have made building on VeChain easier, contributing to a surge in smart contract activity. VeChain’s development community reached a new all-time high in July 2024. The number of core developers working on VeChain (VET) has steadily increased, reflecting a robust and active ecosystem. This surge in development activity highlights forward move and growth within the VeChain project over the past few years. VeChain development…

Ankr, a leading Web3 infrastructure provider, has partnered with bitsCrunch, a blockchain data platform, by becoming a validator node operator. To this effect, Ankr Executive repeated the company’s interest in court AI solutions development within the blockchain. With the help of bitsCrunch validator nodes, Ankr will increase the platform’s security, operational efficiency, and decentralization metrics. Ankr to Manage High-Performance Validator Nodes Ankr will target high-performing nodes for bitsCrunch, providing real-time insights and data with their AI capabilities. The company bitsCrunch, which is involved in advanced analytics of blockchain assets (including NFTs and DeFi), will also take advantage of Ankr’s ability…

Bitcoin price is again rising above the $63,800 resistance. BTC could gain pace if it clears the $64,750 resistance zone and then $65,000. Bitcoin is aiming for more gains above the $64,800 zone. The price is trading above $63,650 and the 100 hourly Simple moving average. There was a break above a short-term contracting triangle with resistance at $63,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend gains if it breaks the $64,750 resistance zone. Bitcoin Price Could Surpass $65,000 Bitcoin price started another increase from the $62,500 zone. BTC was able…

The Bank of Russia wanted to clarify some concerns about the effects of the digital ruble. In practice, the new Russian CBDC will not lead to an increase in the amount of money in the economy and therefore will not exert inflationary pressures. Bank of Russia clarifies that the digital ruble will not affect the country’s inflation Bank of Russia and the digital ruble ready to change only the structure of the money supply The revelation of Sberbank on the Russian CBDC Bank of Russia clarifies that the digital ruble will not affect the country’s inflation The Bank of Russia…

The cryptocurrency market is broadly in the green Tuesday, much to the relief of traders who saw major assets plunge by 20% or more from late Sunday into Monday as liquidations piled up. But amid the rebound, it’s not Bitcoin or Ethereum that’s leading the charge—it’s a crypto gaming token. Specifically, it’s Notcoin (NOT), the token of the Telegram-based game that launched on The Open Network (TON) in May, yielding the year’s biggest gaming token to date. NOT is up 30% over the last 24 hours at a current price just above $0.012, per data from CoinGecko, making it the…