Author: NBTC
Prominent economist and market analyst Peter Schiff has weighed in on Strategy Inc.’s investment in BTC and noted the firm’s declining share price and reduced Net Asset Value (NAV) premium. He further mentioned that, relative to doing leveraged Bitcoin buying, the stock has underperformed. Schiff said on X that although Michael Saylor claimed a 6.9% Bitcoin return this year, MSTR shares have declined by 6%. He pointed to a dilution of the shareholders, which he stated reduced the premium on the company’s Bitcoin reserves by 85%. Today, @saylor bragged about his leveraged Bitcoin buys generating a BTC yield of 6.9%…
Ethereum has witnessed net buys on Coinbase exceeding over $150 million since Sunday. The price hovers around $2,249 with strong support seen at $2,200. An upside breakout past $2,500 could cause Ethereum to race toward $2,800 in the near term. Ethereum is said to have witnessed intense activity on the buying side through Coinbase, having attracted net buys of over $150 million since Sunday. This, however, comes at a time where ETH is trading at levels around $2,249, and it is slowly emerging from a long downtrend. Similar patterns of buying were seen in October six months ago, just prior…
A quick look at the numbers reveals that the Middle East and North Africa (MENA) region has experienced remarkable crypto-related growth over the past year. This is thanks, in large part, to Bitcoin’s meteoric 120% rise (through 2024) which catapulted the sector’s market cap to a little under $3.8 trillion. During this rise, the MENA region became the seventh-largest crypto market in the world, accounting for 7.5% of global transaction volume. Moreover, numbers suggest that within nations like the UAE and Saudi Arabia, crypto enthusiasts have started to quickly move beyond centralized exchanges, with decentralized finance (DeFi) platforms fast gaining…
Cardano founder Charles Hoskinson has discussed how the Cardano network could play a role in Bitcoin DeFi, unlocking $2 trillion in assets. Hoskinson highlighted this during a conversation on the Mr. M Podcast, in which he appeared alongside early Bitcoin adopter Davinci Jeremie. The Cardano founder explained how Bitcoin holders could access decentralized finance opportunities without leaving the Bitcoin ecosystem. Cardano Presents a Solution for Bitcoin DeFi Hoskinson noted that Bitcoin DeFi could become a major sector. “So Bitcoin DeFi is going to be a huge category because it’s like $2 trillion of assets are waking up,” the Cardano founder…
The new chief counsel of the U.S. Securities and Exchange Commission’s (SEC) freshly-created Crypto Task Force is a crypto lawyer. Mike Selig, who was named chief counsel of the task force in a Monday announcement from the SEC, was previously a New York-based partner at white-shoe international law firm Willkie Farr & Gallagher, where he was a member of the firm’s crypto practice. Before joining Willkie, Selig interned for the Commodity Futures Trading Commission (CFTC). In a Monday X post, former CFTC Chairman Chris Giancarlo, affectionately known as “CryptoDad” by many in the industry, congratulated Selig on his appointment. Giancarlo…
In a recent tweet, Richard Teng, the Binance chief executive, who took the leadership from Changpeng Zhao (CZ) in November 2023, has delivered an important message to the Binance community. Teng reveals Binance’s leadership secret This message concerns the factor that has helped Binance to become the market leader and maintain its leadership over other crypto exchanges. The important thing here is that Binance stays operational at any cost: “Operational resilience is non-negotiable.” He added that the Binance team works 24 hours a day/seven days a week because, in “in crypto, every second counts.” Operational resilience is non-negotiable. Our teams…
Skate, a unified liquidity platform whose infrastructure layer powers a cross-chain virtual machine environment, has launched the first automated market maker protocol that will operate across the top blockchains. According to an announcement, Skate AMM allows users to navigate applications across all the top virtual machine, or VM, environments, including Ethereum (ETH), Solana (SOL), and TON Blockchain (TON). That means users on an SVM chain can interact seamlessly with native apps on an EVM or TonVM chain. It’s an interoperability milestone that could see the decentralized finance ecosystem record fresh, accelerated innovation and adoption. On top of EVM, SolanaVM and…
The cryptocurrency market has turned into a bloodbath in the last 24 hours. Bitcoin and altcoins have experienced major declines in the last 24 hours. BTC fell to $91,000, breaking key support levels. Analysts attributed the decline to a bearish market sentiment and a lack of catalysts that could support the market upwards. With the selling wave, Bitcoin fell by up to 14% in the last 24 hours, while Ethereum (ETH) fell by 8%; Solana (SOL) by 11.6%; XRP by 7.7% and Dogecoin (DOGE) by 8.8%. This decline left investors with leveraged positions in a bind. According to Coinglass data,…
Zach Witkoff, the co-founder of the Trump family-linked World Liberty Financial, earlier today offered to represent the Ethereum community at the inaugural White House Crypto Summit on Friday. America continues to forge a path toward global crypto dominance, and the next item on its agenda is the White House Crypto Summit on Friday, March 7. It is the first of its kind, and reports claim invites have been sent out to industry leaders and stakeholders that will be present. The pioneering event is to be hosted by the country’s AI and crypto czar, David Sacks, and industry leaders are hoping…
Nasdaq has filed Form 19b-4 with the SEC seeking approval to list and trade shares of the Canary HBAR ETF, an investment product designed to track spot prices of HBAR, currently the 21st largest crypto asset by market capitalization. The filing follows Canary Capital’s launch of the US’s first HBAR Trust in October and its subsequent S-1 registration statement for an HBAR ETF filed in November, aimed at providing investor exposure to Hedera’s HBAR token. “As the most used network by transaction count, Hedera is a prime example of the type of enterprise technology that sits at the intersection of…