Author: NBTC

The new US spot bitcoin ETFs, which launched in January after gaining the SEC’s approval, have dramatically shifted the crypto industry landscape, and appear to be in the process of altering traditional finance. In fact, the new ETFs have been unprecedented in their levels of attention and initial demand over their first two months, and are leading to an urgent need for deeper analysis of bitcoin and crypto among traditional financial firms. The global trading and investment firm Exante, providing access to markets encompassing shares, ETFs, currencies, metals, and bonds across more than twenty locations, exemplifies this trend. Recognizing that…

Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether ether is a security. “The negative repercussions of the SEC implicitly or directly classifying ETH as a digital asset security will cascade throughout the digital asset marketplace both in the short and long term,” they warned. Congress Members Want to Know SEC’s Classification of Ether Forty-eight U.S. lawmakers sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler last week regarding ether (ETH) potentially being classified as a security by the Commission. In their letter,…

Some market participants alleged that Aevo’s volume was recently inflated by wash trading, with some pointing to recent activity in out-of-the-money ether options as evidence. Asked about the accusations, Aevo said the increased volume might be tied to “airdrop farming.” Wash trading, in which the same person acts as both buyer and seller on a trade to create a false sense of activity, is banned in conventional markets like stocks. Daily trading volume on the decentralized crypto perpetual and options exchange Aevo recently surged from around $100 million to over $4.5 billion, only to fall back to square one in…

As the majority of assets in the cryptocurrency market are resuming their bullish move, the sector’s representative and its largest asset by market capitalization, Bitcoin (BTC), is no exception, and its advance could soon culminate with a new all-time high (ATH) peaking at $100,000. Specifically, Bitcoin closed last week above $65,000, which the maiden crypto asset has confirmed as support, and there are not many obstacles left on its way toward reaching the high target of $100,000, according to the analysis shared by pseudonymous crypto trading expert CryptoJelleNL on March 25. Bitcoin price prediction 2024 Indeed, if the crypto expert’s…

Ethereum rose to the top position in the non-fungible tokens (NFT) market with sales reaching US$10 million, marking a 0.14% increase over the last 24 hours to 12 p.m. ET Tuesday. Ethereum leads the NFT market in all-time sales volume, which stands at US$43.45 billion, according to data from CryptoSlam. Bitcoin, ranking second on Tuesday, experienced a decline in sales by 17.39%, totaling US$8.15 million to drop out of the top spot. Bitcoin has reached US$3 billion in all-time sales, ranking it fourth in the market, and is quickly catching up to Ronin’s US$4.26 billion for third place. Ronin added…

April 2 (Reuters) – Cryptocurrency ether is struggling to keep pace with soaring big brother bitcoin. The no. 2 cryptocurrency, which commands less than a fifth of the $2.7 trillion crypto market, has not done poorly. But ether is up just around 53% in the first three months of this year, compared with bitcoin’s 65%. Bitcoin scaled new peaks last month. Trading around $3,612 on Monday, ether is at least 26% below its Nov. 2021 all-time high of $4,867.60. Even a recent technical upgrade of the Ethereum blockchain, which is used to build applications, barely made a splash beyond the…

Ripple is a known institution that controls a significant amount of XRP’s token supply and regularly sells hundreds of millions of tokens on a monthly basis. In particular, Ripple unlocked 1 billion tokens in March and reserved 200 million of these new tokens to sell. The company locked the remaining 800 million in new escrow contracts for July and August 2027. However, the institution had already sold all 200 million plus 40 million XRP of its previous reserve by March 13. This is a huge and unusual sell-off in less than 15 days, which raises concerns and questions. The first…

Theta Labs has announced that it is closer to the launch of Theta EdgeCloud. The AI-backed model is in the final stages of completion, after which Theta Labs will announce the launch date. It will empower developers to deploy popular generative AI and large language models. This includes Llama 2 and Stable Diffusion. Also, developers will have the facility to deploy models that they have customized specifically to serve a definite purpose. Key GPU resources, including V100s, NVIDIA A100s, and T4s will power business use cases. Other AI models that will be launched with Theta EdgeCloud are Google Gemma-7B, ControlNet,…

The Bored Ape Yacht Club (BAYC) emerged as the top non-fungible token (NFT) collection on Tuesday as Solana and Ethereum collections took over the top rankings. BAYC sales reached US$1.76 million, after an increase of 80.81% in the 24 hours to noon ET. Tuesday’s sales boosts BAYC’s all-time sales to US$3.11 billion, the second-highest total in the industry, according to data from CryptoSlam. With this latest activity, Bored Ape Yacht Club maintains its position as the second-highest selling NFT collection in the all-time sales ranking, according to data from CryptoSlam. Solana collections dominated Tuesday’s top 10 charts, with four of…

Ethereum co-founder Vitalik Buterin has taken to the X social media platform to revisit his post about layer-3 scaling solutions amid intensifying debates within the cryptocurrency community. Buterin has noted that these solutions “don’t magically improve throughput,” but they can still be used for cost saving. That said, there are more efficient ways of cutting costs compared to layer-3s, according to Buterin. In his article, which was published a year and a half ago, Buterin singled out three main visions for layer-3s: customized functionality for different use cases, customized scaling in various forms, and weakly-trusted scaling in the form of…