Author: NBTC

Ethereum’s TVL surged to $59.697 billion, surpassing Bitcoin. Ethereum’s price rose 25% to $3,974, nearing resistance at $3,780. Bullish indicators persist with a 50-day EMA support, but the MACD suggests caution. In the face of recent downward momentum, Ethereum (ETH) continues to hold above its 50-day and 200-day moving averages, indicating a sustained uptrend. Last month, Ethereum experienced a notable 11.04% decline, yet it saw a remarkable increase in trading volume. However, its market capitalization fell by 5.27% within the past 24 hours. Meanwhile, the Ethereum blockchain has shown a notable increase in its total value locked (TVL). Over the…

Recently an investor bought 135 million $GME tokens in a single transaction with 12,110 $SOL or approximately $2 million at $0.0148. This big purchase has now moved to an unrealized gain of $1.4 million. As a result, it makes the investor the number four holder of $GME, according to Lookonchain. This guy who spent 12,110 $SOL($2M) to buy 135M $GME in one trade now has an unrealized profit of $1.4M!https://t.co/mI0bu2Yfx4 pic.twitter.com/aW3qrpzBDF — Lookonchain (@lookonchain) June 7, 2024 $GME Acquisition Highlights Crypto Market Volatility The deal was made on June 4, at a rate of $0.0148 per $GME. As a result,…

The Central Bank of the UAE (CBUAE) has issued the Sandbox Conditions Regulation, which aims to attract start-ups and global fintech businesses and create an attractive environment for the financial sector that supports creativity and innovation within a regulatory and supervisory framework. Also Read: UAE Central Bank piloting CBDC with UAE Commercial Banks and payment processors This includes Fintech institutions adopting enabling technologies such as Blockchain, DLT, AI, machine learning, and others. The regulation, published in UAE’s official Gazette, has come into effect and includes guidelines for Financial Institutions Adopting Enabling Technologies such as DLT and blockchain. In the rule…

Hong Kong-based crypto trading platform DFX Labs has made strides toward obtaining a full operational license within the region. The platform achieved clearance under Hong Kong’s Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). Trading Authorization Pending According to public records maintained by Hong Kong’s Securities and Futures Commission (SFC), DFX Labs has been acknowledged as “deemed to be licensed for providing the virtual asset service.” This status, however, does not extend to authorization for crypto trading services. The SFC explicitly stated that while DFX Labs holds an active AMLO license, it has not yet been granted a trading license, and…

Bitcoin (BTC) has surged past the $71,000 mark for the first time since April 12. It is currently trading at $71,200. This significant milestone comes amid a broader market rally driven by optimism over spot Ethereum exchange-traded fund (ETF) approval. The optimism stems from recent announcements by Eric Balchunas and James Seyffart, ETF analysts at Bloomberg Intelligence. Crypto Market Rally Causes Liquidations Worth Over $348 Million The ETF analysts have increased their odds of a spot Ethereum ETF approval from 25% to 75%. Balchunas cited increasing political pressure on the SEC for their revised forecast. Moreover, the approval odds increased…

Folks Finance has announced the launch of xALGO, a revamped liquid staking solution designed to adapt to the upcoming changes in the Algorand blockchain’s reward distribution system. This update is poised to offer users a simpler and more flexible way to earn rewards by participating in the Algorand consensus without the need to run a node themselves. With a few clicks on @FolksFinance, you can commit to securing the Algorand network and be passively rewarded with ALGO!Folks is relaunching xALGO as the primary Liquid Staking product for ALGO.Learn more ⤵️https://t.co/JAk9tqRfiO — Algorand Foundation 🐍 (@AlgoFoundation) June 26, 2024 Changes to…

Key Points: Spot Ethereum ETFs are set to launch soon, with fees becoming crucial for prospective issuers. VanEck plans to waive its Ethereum ETF fee until 2025 or $1.5 billion in assets, aiming to lead on crypto ETF affordability. VanEck’s fee strategy mirrors its successful Bitcoin ETF approach, which has already amassed $614 million in assets. Franklin Templeton also joins the fray with a competitive 0.19% fee for its Ethereum ETF. Nine issuers are in contention, awaiting BlackRock’s fee disclosure, which will likely set a benchmark. The competitive fee landscape suggests spot Ethereum ETFs could offer lower costs than Bitcoin…

The COTI treasury is an integral part of the COTI ecosystem, and crypto investors are eager to participate in it. The top management of the COTI ecosystem feels that the time has come to update the Treasury fee model. All gCOTI holders will be given a unique opportunity to vote on whether the new proposal needs to be executed or not. COTI holders will receive APY rewards on treasury deposits as a result of actions taken within the COTI treasury demand fees. The new Treasury model’s fees are comparatively lower, and the deposit fees are low for starters. A single…

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently spoke at the Bloomberg Investment Summit. He touched on the growing intersection of cryptocurrencies and politics, as if emphasizing his role as a securities regulator. Gensler stated that there is no inconsistency between crypto securities and securities laws, however, they know that these laws are still violated. The conversation took an interesting turn when the topic of upcoming elections came up. Cryptocurrencies have become a hot topic in the political landscape, with reports suggesting that former President Trump will speak at a major Bitcoin conference and pledge to end what…

In previous years, the name Polkadot was rarely mentioned in the same breath as the dedicated chains that have sprung up to cater for the demands of GameFi. But quietly, web3 gaming has begun to flourish on Polkadot’s Substrate-based family of chains. Leading the charge is Mythical Games, which is flying the flag for GameFi on Polkadot and beyond. Gaming on a General Purpose Chain While gaming was always envisaged as one of the use cases for Polkadot, it was typically cited alongside more established use cases such as DeFi and enterprise applications. Today, Polkadot is used for all these…