Author: NBTC
Undoubtedly, one of the most important events of 2024, the SEC’s approval of spot Bitcoin ETFs, brought about a new ATH in the BTC price. Because the strong demand for ETFs allowed the BTC price to exceed the previous ATH of $ 69,000 and reach the new ATH. Although the BTC price has currently experienced a significant correction due to outflows in spot Bitcoin ETFs, analysts think that the strong demand and inflows into spot Bitcoin ETFs will continue throughout the year. Speaking at the Digital Asset Conference in London, Bitwise CIO Matt Hougan made new statements about spot Bitcoin…
On March 9th, the cryptocurrency Uniswap (UNI) drew attention from investors due to a decline in its price despite positive momentum in the general market. The Uniswap community initiated a voting proposal on March 3, 2024, aiming to change the role of the Uniswap V3 Factory owner in determining fees. The rejection of the UNI V3 Fees proposal highlights the complex dynamics of decentralized governance within the Uniswap ecosystem. In a vote in the Uniswap community, the rejection of the proposal led to a deep drop in the UNI token price: Details! The Voting in the Uniswap Community Was Rejected…
On April 9, during an appearance on Bloomberg TV, Dante Disparte, the Head of Global Policy at Circle, shared his insights on the Biden administration’s approach to managing the potential risks associated with cryptocurrency, particularly focusing on stablecoins and the broader implications for illicit financing. During his conversation with Bloomberg Crypto co-hosts Sonali Basak and Tim Stenovec, Disparte highlighted several critical points relevant to the cryptocurrency industry, regulatory landscape, and national security concerns. Addressing Congressional Inaction Disparte expressed frustration over what he perceives as congressional inaction in the face of the Biden administration’s proactive steps toward understanding and regulating the…
Swell, a leading player in the DeFi space, has revealed a collaboration with Chainlink. It aims at improving transparency and reliability in liquid staking and restaking. Swell’s new integration is referred to as Chainlink Proof of Reserve on Ethereum. It is a major step in the right direction for Swell. Swell’s latest Chainlink-integrated feed aims to provide more on-chain visibility to its users concerning the reserves backing rswETH, a Liquid Restaking token by Swell. .@swellnetworkio has integrated #Chainlink Proof of Reserve to help monitor reserves for its liquid restaking token rswETH.Additionally, Chainlink CCIP will support Swell Chain—the upcoming staking-focused layer…
According to analyst Gary Savage, there has been a “false breakout” of Bitcoin, the largest cryptocurrency by market cap. Savage pointed to the fact that cryptocurrency miners have been “diverging badly” as the reason why market participants should have been more cautious. Is this time really different? The stunning success of multiple Bitcoin exchange-traded funds launched by major institutions such as BlackRock and Fidelity has been the main bullish narrative propping up the largest cryptocurrency. Last week, the price of the top coin managed to achieve a new lifetime high of $73,737 due to excessive exuberance that was driven by…
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has revealed that cryptocurrencies now represent about 11% of his portfolio. He stressed that he owns crypto coins directly and would never buy spot bitcoin exchange-traded funds (ETFs). “I would never do that. Why would I pay the fees?” he emphasized, adding that he owns bitcoin and a few other cryptocurrencies. Kevin O’Leary Holds 11% in Crypto Shark Tank star Kevin O’Leary, aka Mr. Wonderful, shared his perspective on bitcoin and spot bitcoin exchange-traded funds (ETFs) in an interview with The Street on Friday. He is the chairman of O’shares Investments and…
Floki has announced the 190 billion FLOKI token burn has been executed. The tokens were worth over $47 million following FLOKI’s 600% price surge in the past two weeks. FLOKI has announced that the scheduled 190 billion FLOKI token burn has successfully executed. As revealed recently, the Floki DAO approval for the burn saw the project outline that the planned incineration was to take place this week. On March 9, 2024, the team announced that 190.91 billion FLOKI, accounting for 2% of FLOKI’s circulating supply, had permanently been removed. “In line with the decision of the #Floki DAO, 190,918,585,431.84 $FLOKI…
The U.S. Securities and Exchange Commission is not a monolithic institution. Look no further than Hester Peirce (a.k.a. Crypto Mom), who is currently serving her second term as one of five overseeing commissioners. Over the past several years, Peirce has made a reputation as a defender of cryptocurrencies and blockchain technology — writing innumerable dissenting opinions regarding the many legal actions the SEC has waged against crypto protocols and companies. SEC Commissioner Hester Peirce will speak at Consensus 2024 this May. Grab your pass here. To some extent, Peirce’s disagreements with SEC Chair Gary Gensler stem from their varying philosophical…
This morning, MoonPay, the forefront Web3 infrastructure company, and Base, the layer-2 blockchain incubated by Coinbase, announced an expansion of their partnership to elevate the payments experience for apps and integrations within the Base ecosystem.—This news comes as Base’s Total Value Locked (TVL) surpasses an impressive $4 billion for the first time, indicating the platform’s rapid growth and rising prominence in the blockchain space.Key highlights of the expanded collaboration include:MoonPay Checkout Solution Now Available: MoonPay’s Buy and NFT Checkout solutions are now accessible to projects within the Base ecosystem, including the renowned NFT marketplace, OpenSea. This integration significantly enhances the…
For all the breathless coverage of spot bitcoin exchange-traded funds (ETFs) launching and the bitcoin futures ETFs before them, no one is talking about the elephant in the room. This feature is part of CoinDesk’s “Future of Bitcoin” package published to coincide with the fourth Bitcoin “halving” in April 2024. Ryan Gorman is the principal of Gorman Strategies. These funds help kick the can down the road while giving off the impression of being at the cutting edge of investing, when in reality they’re an easy way to charge fees while also making it harder for you and I to…